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  • April 17, 2014
  • Last updated: 12:55pm
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  1. Property - Hong Kong & China - CONSTRUCTION

    Labour imports could reduce building costs, but no guarantee home prices would fall

    Posted Apr 08th 2014, 03:43pm by Yvonne Liu

    ... seen as no sure bet to cut prices Rapidly rising construction costs have been cited by developers as a reason property prices in Hong Kong will not drop significantly. Those costs, driven up ... are divided on whether that reduction would result in a fall in home prices. The latest survey by the Hong Kong Construction Association estimated a shortfall at new construction projects of more than ...

  2. Rolled gold

    Posted Feb 18th 2011, 12:00am by Yvonne Lai

    ... Yvonne Lai Let's face it: the year-end bonus won't put a dent in the down payment for a new flat these days. But with a little ingenuity, it may go a long way towards giving the one you have a bright, new look. For refurbishments on a modest bud ...

  3. Business - Banking & Finance - TAKEOVERS

    China Construction Bank buys control of Brazil lender

    Posted Nov 01st 2013, 12:07pm by Bloomberg

    ... Bloomberg Construction Bank pays HK$5.7 billion for 72pc stake in BicBanco, stepping up a global push to meet the overseas demand of mainland firms CCB buys control of Brazil lender China Construction Bank, the country's second-biggest lender by assets, agreed to pay 1.62 billion reais (HK$5.7 billion) for a majority stake in Brazil's Banco Industrial e Comercial. The 72 per ...

  4. Business - Banking & Finance

    Opening of China Construction Bank's European headquarters spurs Luxembourg's yuan hub hopes

    Posted Oct 30th 2013, 04:06pm by Reuters

    ... Reuters in Luxembourg Luxembourg hailed the opening on Tuesday of the European headquarters of a third Chinese bank, underlining the tiny country’s ambition to corner a larger share of Europe’s offshore yuan business. China Construction Bank joins global top 10 peers Bank of China and ICBC in establishing a continental base in the grand duchy – Europe’s largest centre ...

  5. News - World

    Russia breaks "Zero Waste" Olympics pledge by dumping construction waste in illegal landfill

    Posted Oct 30th 2013, 01:44am by AP

    ... AKHSHTYR, Russia (AP) — Russia breaks "Zero Waste" Olympics pledge by dumping construction waste in illegal landfill. ...

  6. News - Hong Kong - TRANSPORT

    Hong Kong to Guangzhou express rail link facing delay of up to 2 years, says MTR

    Posted Apr 15th 2014, 04:15pm by Ada Lee, NG KANG-CHUNG

    ... and problems with the construction of the West Kowloon terminus at the Hong Kong end of the 26-kilometre underground link. We are very sorry to have to bring forth this revised schedule MTR's Chew ... by surprise". The MTR said the delays meant construction would not be finished until 2016, with services starting in 2017. When announced, the project was to be finished next year. Last night, critics ...

  7. Business - Banking & Finance

    China Construction Bank profit growth slows to 9.4pc on provisions

    Posted Oct 27th 2013, 06:34pm by Reuters

    ... Reuters in Shanghai Net profit rises 9.4pc to 56.8 billion yuan in the slowest quarter in more than five years CCB profit growth slows on provisions China Construction Bank (CCB), the mainland's second-largest lender, reported its slowest third-quarter earnings growth in more than five years yesterday as increased loan-loss provisions eroded profits. Net profit rose 9.4 per cent ...

  8. News - China - ENERGY

    Inland nuclear plant restart to help provinces

    Posted Apr 14th 2014, 05:18am by Toh Han Shih, Mimi Lau

    ... Toh Han Shih and Mimi Lau The resumption of nuclear power plant construction in 2015 will be a major driver for provincial economies, mainland media reports Provinces keen to restart ... projects. The ban on the construction of coastal nuclear plants was subsequently eased, but in October 2012 the State Council reaffirmed the ban on inland nuclear plants until 2015, citing higher ...

  9. News - World

    US construction spending increases 0.6 percent in August to highest level in more than 4 years

    Posted Oct 22nd 2013, 10:06pm by AP

    ... WASHINGTON (AP) — US construction spending increases 0.6 percent in August to highest level in more than 4 years. ...

  10. Property - Hong Kong & China

    Beijing to construct affordable city homes

    Posted Oct 24th 2013, 03:47am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Beijing to construct affordable city homes Beijing's city government has announced plans to build as many as 70,000 affordable homes that will be 30 per cent cheaper than surrounding properties. Analysts said the move, part of a new round of cooling measures to check rising home prices, was designed to help low and middle-income families buy ...




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