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  • September 24, 2014
  • Last updated: 1:43pm
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Results 1 - 10 of 17 for corruption

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  1. Business - China Business - EARNINGS

    Chinese industrial firms’ profits grow more slowly

    Posted Aug 28th 2014, 01:10pm by Victoria Ruan

    ... be reduced. Meanwhile, President Xi Jinping’s massive anti-corruption campaign hurt the wine and tea industry, where profits dropped 1.4 per cent in the period. ...

  2. Business - Companies - EARNINGS

    Honghua Group unfazed by losses in drilling services

    Posted Aug 25th 2014, 03:34am by Eric Ng

    ... amid a corruption probe at PetroChina. While a new senior management at the nation's largest oil and gas producer might be more cautious when awarding contracts to third-party suppliers ... Morning Post. At least six senior executives of PetroChina and its parent firm China National Petroleum Corp have been detained to assist corruption probes and removed from their posts, resulting ...

  3. Business - Companies - EARNINGS

    Anton tumbles on profit warning

    Posted Aug 04th 2014, 05:33pm by Eric Ng

    ... proved to be "the wrong strategy". This was because as industry capacity grew rapidly, demand was weaker than expected since corruption probes into oil giant PetroChina saw delays ...

  4. Business - Companies - EARNINGS

    LVMH sales slow in Hong Kong as Chinese demand drops globally

    Posted Jul 25th 2014, 11:58am by Reuters

    ... efforts to crack down on corruption and conspicuous spending. Louis Vuitton, the top luxury brand by revenue, which generates more than half of LVMH's operating profit, has also been ...

  5. Business - Companies - EARNINGS

    Silver Base turns to its CEO for financial help

    Posted Jul 01st 2014, 04:05am by TIFFANY AP

    ... in the firm, had agreed to help with funding Silver Base, the company said in a statement to the stock exchange. The company has been hit over the past two years by the anti-corruption campaign ...

  6. Business - China Business - EARNINGS

    Car dealer Sparkle seeks to regain glitter with new products

    Posted Jun 24th 2014, 05:58am by Sophie Yu

    ... that encourages frugality and focuses on a crackdown on corruption, which has a big impact on gift-giving," Sparkle said in the filing. ...

  7. Business - China Business - EARNINGS

    Sinopharm to step up drug sales in retail sector

    Posted Mar 25th 2014, 01:32am by Toh Han Shih

    ... government's corruption investigation of the pharmaceutical sector was "very good" for Sinopharm, said Wei. "The more regulated the market is, the better it is for a big listed company like us." In January, Sinopharm's former vice-president Shi Jinming was detained by the authorities for suspected corruption. Last year, police arrested several senior executives ...

  8. Business - China Business - EARNINGS

    China Resources is hit by extravaganza clampdown

    Posted May 17th 2013, 12:00am by Charlotte So

    ... stake in the mainland's largest brewer, Snow, blamed the decline in its retail sales on the government's recent promise to fight corruption. "The calls to curb receptions, ...

  9. Business - Companies - EARNINGS

    Baijiu producer hit hard by mainland China crackdown

    Posted Dec 03rd 2013, 05:45am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Baijiu producer hit hard by mainland crackdown Baijiu producer Silver Base's interim loss jumped 335 per cent from the same period last year as it continues to reel from Beijing's drive to check the practice of giving expensive gifts as part of a crackdown on corruption. The high-end liquor and cigarette seller said losses widened ...

  10. Business - Companies - EARNINGS

    Currency gains help keep Air China in the black

    Posted Aug 28th 2013, 12:00am by Charlotte So

    ... in exchange gains. Yuan appreciation in the period reduced its US dollar-dominated debt and resulted in a paper gain. The anti-corruption campaign launched by Beijing has taken a toll on premium ...




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