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  • October 22, 2014
  • Last updated: 4:26am
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Results 1 - 10 of 15 for debt

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  1. Business - Economy - TRANSPORT

    China spends 405b yuan on railways in the first eight months

    Posted Sep 11th 2014, 06:02am by CHIM SAU-WAI

    ... It is expected that the default risk of its debt is not high but the high gearing could impact its ability to raise funds in future. "Although China Railway Corp has the full support of the central ... Wong. But it remained questionable whether the low return of railway investment could attract private capital, he added. China Railway's debt-to-asset ratio increased to 64.4 per cent ...

  2. News - China - TRANSPORT

    China sets the pace on bike sharing

    Posted Aug 25th 2014, 04:37am by BLOOM

    ... serving the public. Canada's Public Bike System, the supplier to New York and Washington, filed for bankruptcy protection in January, citing almost US$50 million in debt. In New York, new ... by almost 50 per cent, to US$140. New Yorkers living in public housing are entitled to a US$35 discount. As debt-hit cities consider the financial viability of the schemes, the next generation ...

  3. Business - China Business - TRANSPORT

    Rail ministry's debts bring biggest freight fees rise in a decade

    Posted Feb 21st 2013, 12:00am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Biggest increase in tariffs for a decade lifts share prices of rail companies as railways ministry battles massive debt burden Beijing raises freight charges The crushing debt burden of the Ministry of Railways has compelled Beijing to impose the biggest rise in rail freight tariffs in a decade. Although that may be bad news for freighters, ...

  4. Business - Companies - TRANSPORT

    MTR lands £1.4b contract to run London Crossrail

    Posted Jul 19th 2014, 03:42am by CHIM SAU-WAI

    ... On the mainland, the MTR is keen to promote its rail-and-property model as a solution to debt-laden railway businesses. The company already has experience working with Transport of London and it also ...

  5. News - China - TRANSPORT

    Guangdong aims to open up province with railway programme

    Posted Dec 29th 2013, 05:04am by Li Jing

    ... may pose a major challenge for the already debt-laden province, an analyst warned. The high-speed line between Xiamen and Shenzhen will be the first to link two well-developed economic zones: ... debt," he said. As of the end of 2010, Guangdong had piled up debts of 750.29 billion yuan, according to the latest official figures available. ...

  6. Business - China Business - TRANSPORT

    Heavily indebted China Railway Corp expected to raise freight rates

    Posted Jan 10th 2014, 11:35am by Celine Sun

    ... Celine Sun in Beijing celine.sun@scmp.com China Railway's battle to reduce its debt pile through higher charges may further undermine the competitiveness of rail against road freight Rise in rail cargo rate looms as reform steams ahead China Railway Corporation (CRC) is expected to raise freight rates early this year to relieve its massive debt burden and speed up ...

  7. Business - China Business - TRANSPORT

    Relief for rail woes as freight rate rises

    Posted Feb 25th 2013, 12:00am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com The largest increase in the tariff in a decade comes as the Ministry of Railways seeks to improve profitability amid mounting debt load Relief for rail ... Cheng said. "The cost of rail operations is increasing. The Railways Ministry's target this year is to improve profitability, given its high debt load," Cheng said. ...

  8. Business - Companies - TRANSPORT

    Disputes heighten rail link delay fear

    Posted May 29th 2013, 12:00am by Toh Han Shih

    ... failing to pay debts of HK$12.5 million. SNE launched counterclaims alleging that Chim Kee deliberately slowed down work last year and terminated service on July 3, which caused SNE to lose profits. On Thursday, Recorder Ambrose Ho ruled in the Court of First Instance that SNE's counterclaims against Chim Kee exceeded its debt to the machinery firm. He accordingly struck out Chim ...

  9. Business - China Business - TRANSPORT

    Order delays put brakes on train-makers' profit growth

    Posted Aug 29th 2013, 12:00am by BLOOM

    ... in a department that had more than two million employees and debts of 2.8 trillion yuan. Some administrative functions went to the Ministry of Transport's State Railway Administration and China ...

  10. Business - Companies - TRANSPORT

    Hong Kong MTR to export its rail-property model to China

    Posted Aug 03rd 2013, 12:00am by Anita Lam

    ... to debt-laden railway businesses. While Shenzhen's Metro Line 4 is now the only railway that has adopted this model, MTR said it was discussing with the Foshan and Guangzhou governments ...




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