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  1. Albert House loan scheme 'inhuman'

    Posted Jan 29th 2005, 12:00am by Chloe Lai

    ... the liquidator about the loan proposal to ensure the flat owners had time to repay their debts. The collapse in 1994 killed one person and injured eight. The Court of First Instance ruled in November ...

  2. Exporters losing billions in debt

    Posted Sep 22nd 2005, 12:00am by Mark O'Neill

    ... they fail to check the creditworthiness of foreign buyers and are reluctant to pursue the debts. A survey of 500 exporters published yesterday by the Ministry of Commerce found that they failed ... foreign-invested firms. 'These firms are weak at all stages of the process- checking the customer before they sign the deal, the payment system they use and pursuing the debt after the goods have been ...

  3. Debt collector gets life for deadly acid attack

    Posted Sep 15th 2005, 12:00am by Jonathan Li

    ... Jonathan Li A debt collector has been jailed for life for using sulfuric acid to murder the elderly mother-in-law of a man who owed $76,000. A Court of First Instance jury took 71/2 hours ... recommendations made by the Law Reform Commission calling for better regulations against debt collection agencies following a surge in complaints against collectors. The jury heard that in May last year ...

  4. Debt collection regulations rejected

    Posted Sep 10th 2005, 12:00am by Ravina Shamdasani

    ... Reform Commission to regulate debt collection agencies, three years after they were made. The Security Bureau yesterday issued a report responding to the commission's recommendations to create a criminal offence of harassment of debtors, to institute a statutory licensing scheme for debt collectors and agencies, and to regulate the sharing of consumer credit data. The bureau ...

  5. Dongfeng debts to soak up funds from flotation

    Posted Nov 11th 2005, 12:00am by Charlotte So

    ... of its Hong Kong initial public offering into repaying debts. The company said yesterday it planned to sell 2.48 billion shares at $1.45 to $1.85 each to raise up to $4.58 billion, rising to $5.2 ... to the $4.6 billion in debts owed to four state-owned asset management companies. Despite this, the company has approved an aggressive expansion plan over the next four years, with capital expenditure ...

  6. Debt collectors target bank to harass employee

    Posted Oct 19th 2005, 12:00am by Clifford Lo

    ... Clifford Lo The headquarters of the Standard Chartered Bank was daubed with red paint early yesterday in the second apparent attack on the bank by debt collectors chasing payment from ... at about 1.30am. Papers were found at the scene demanding settlement of a debt by a staff member of the bank. A bank spokeswoman said there was a similar attack on the Millennium City branch, Kwun ...

  7. Debt collector spurns bully tactics

    Posted Sep 25th 2005, 12:00am by Raymond Ma

    ... represents the reason the government has decided against regulating debt collecting, one of the most controversial industries in the city. For the past eight years, he has chased down everything from ... Kong branch of an international debt-collection agency and the professional side of an industry that is trying desperately to dissociate itself from its less-savoury counterparts. Despite ...

  8. Government steps in to curb university debts

    Posted Sep 09th 2005, 12:00am by Staff Reporter

    ... Irene Wang Some mainland universities are shouldering dangerous levels of debt to fund enrolment expansion programmes, a top education official has warned. Vice-Minister of Education Zhang ... 'The bank loans of a few universities have reached alarming levels,' he told People.com on Wednesday. 'To rein in debt volumes, universities directly under the ministry have had ...

  9. Debt collector killed woman in acid attack, court told

    Posted Sep 01st 2005, 12:00am by Jonathan Li

    ... Jonathan Li A debt collector threw acid over the elderly mother-in-law of a man who owed $76,000, a court heard yesterday. Lau Bo-ki continued to pester Wong Kwok-chu even after the attack ... started badgering Mr Wong with threatening voice-mail messages demanding repayment of the debt, owed to Wong Wing-chu. On the afternoon of June 2 last year, Lau went to the flat Wong Kwok-chu ...

  10. BOC profits pick up as bad debt shrinks

    Posted Apr 19th 2005, 12:00am by Elaine Chan

    ... Elaine Chan in Beijing Bank of China (BOC), the country's biggest foreign-exchange bank, yesterday posted improved first-quarter earnings as its proportion of bad debt shrank. ... compared with the first quarter last year to 17.72 trillion yuan, according to figures released by the China Banking Regulatory Commission yesterday. However, the state lenders' bad debt ...




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