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  • August 29, 2014
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  1. Icon has done its bit

    Posted Sep 26th 2009, 12:00am by Albert Chen, Albert Cheng

    ... The global economy may be improving, but its recovery is not progressing as fast as has been predicted. A year after the financial system nearly collapsed, many countries are still licking their wounds; battling high unemployment and trying to revitalise ...

  2. Chen accused of using his jet to smuggle cash

    Posted Dec 02nd 2008, 12:00am by Lawrence Chung

    ... president, Chen Shui-bian, smuggled loads of cash abroad using his special plane. The latest probe came after a witness admitted helping Mr Chen's wife, Wu Shu-chen, deliver NT$740 million to a Taiwanese bank in 2006. Prosecutors have been unable to locate those funds. Quoting unnamed investigators, Taiwanese media reported yesterday that Mr Chen had allegedly smuggled the funds abroad ...

  3. Further NT$740m linked to Chens

    Posted Nov 29th 2008, 12:00am by Lawrence Chung

    ... that they had wired abroad. In the latest development of the corruption scandal implicating ex-president Chen Shui-bian and his family, a businesswoman admitted yesterday that she had helped Mr Chen's wife, Wu Shu-chen, deliver that amount of cash in late 2006. Tu Li-ping, a board member of Yuanta Securities, told Taipei District Court that during an anti-corruption campaign against Mr ...

  4. Business - China Business - ACQUISITIONS

    China's overseas investment set to soar, minister says

    Posted Nov 29th 2012, 12:00am by JANE CAI

    ... Jane Cai in Beijing xuejun.cai@scmp.com Chinese firms' outbound investments will match incoming flows in 10 years, Chen Deming says China's overseas investment set to soar, ... said Commerce Minister Chen Deming. Mainland companies are encouraged to go abroad as China cannot allow its US$3.29 trillion foreign exchange reserves to depreciate further with the third ...

  5. Chen Hsong's focus on China reveals great future in plastics

    Posted Jun 09th 2004, 12:00am by Toh Han Shih

    ... components that would not get a second glance- and Chen Hsong Holdings is a leader in the field. Industry observers estimate that in China, the market for such machines is worth eight billion yuan ... Hau-Leong, group chief strategy officer of Chen Hsong, Hong Kong's largest machine maker. 'Prices were very good and rising before the Asian crisis, when many countries bought machines like ...

  6. Business - Companies - ACQUISITIONS

    AXA buys into Shanghai car insurer Tianping

    Posted Apr 25th 2013, 12:00am by Kwong Man-ki

    ... by accounting firm PricewaterhouseCoopers. Some foreign players even anticipated a further boost driven by access to the car insurance market. Chen Xingyu, an analyst with Phillip Securities, said AXA's purchase would help boost the company's market share in the property and casualty market. "Car insurance has the biggest growth potential in P&C market," Chen said. ...

  7. Quotes of The Week

    Posted Jan 03rd 2009, 12:00am by Staff Reporter

    ... I won't accept red packets and bribes for myself. It was just based on my concern for Taiwan's economic development as president... Subjectively, I did not have any intention to commit a crime, and objectively I did not commit any crime. Former Taiwan president Chen Shui-bian, who was ordered to return to custody following a marathon 12-hour bail hearing on corruption ...

  8. Business - Commodities - ACQUISITIONS

    Citic Resources says no to aluminium smelter purchases

    Posted Feb 26th 2013, 12:00am by Eric Ng

    ... Chen said. "The decline in the international aluminium price in recent years was due to over-expansion by Chinese smelters, whose output accounted for 40 per cent of the global ...

  9. Business - Companies - BROKERAGE

    KBW to close Hong Kong office after sale

    Posted Nov 10th 2012, 12:00am by Lulu Chen

    ... Lulu Chen lulu.chen@scmp.com KBW set to close down in Hong Kong after sale Securities firm Keefe Bruyette & Woods is in the process of closing its operations in Hong Kong and Tokyo to focus on core businesses in the US and Europe, following its acquisition by Stifel Financials. The shutdown is expected to result in about 20 job losses and cost about US$4 million, mostly ...

  10. Business - Banking & Finance - TAKEOVERS

    Fubon Financial to buy majority control of First Sino Bank

    Posted Dec 28th 2012, 12:00am by Daniel Ren

    ... (HK$6.9 billion) from the existing shareholders, including Pou Chen Group, a Taiwanese footwear and retail company, Hong Kong's Wing Hang Bank and Shanghai Pudong Development Bank. Following ...




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