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  • September 23, 2014
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  1. Power surge for lawmakers urged in electricity row

    Posted Jan 07th 2012, 12:00am

    ... of the city's two electricity suppliers. The legislature's House Committee passed a resolution tabled by Democrat lawmaker Fred Li Wah-ming yesterday to invoke the power, with support from the Civic Party and pro-establishment lawmakers at the Federation of Trade Unions. Li's move was in response to the electricity companies' proposals in November to impose controversial ...

  2. CKI and HK Electric under credit watch

    Posted Aug 03rd 2010, 12:00am by Staff Reporter

    ... Bien Perez The ratings of Cheung Kong Infrastructure Holdings and Hongkong Electric Holdings were placed on credit watch yesterday after an offer to buy Electricite de France's power ... the electricity networks. ...

  3. HK Electric's tariff cut not enough, say traders

    Posted Dec 17th 2008, 12:00am by Joyce Man

    ... Joyce Man The restaurant trade and lighting and electrical appliance shops on Hong Kong Island said Hongkong Electric's 5.9 per cent tariff cut, announced yesterday, was too small. The businesses, which use a lot of electricity, said the company should have announced a double-digit cut. 'They have to have a cut of at least 10 per cent,' said Catering Industry Association ...

  4. HK Electric unlikely to match CLP tariff cut

    Posted Dec 15th 2008, 12:00am by Staff Reporter

    ... Cheung Chi-fai The cross-harbour power tariff gap appears unlikely to be narrowed much, with Hongkong Electric expected to offer only a small cut, government and industry sources say. Officials will report to lawmakers tomorrow on the results of the review of power tariffs and the development plan for Hongkong Electric under a new regulatory regime that has reduced ...

  5. HK Electric earnings grow 7.3pc

    Posted Aug 10th 2007, 12:00am by Denise Tsang

    ... Denise Tsang Hongkong Electric Holdings' first-half earnings grew 7.3 per cent to HK$2.66 billion as overseas operations cushioned a lacklustre performance at home. The utility, which ... Holdings earn between a 13.5 per cent and 15 per cent return on the average net fixed assets in use. The decline was despite an average 2.5 per cent rise in Hongkong Electric's tariffs ...

  6. HK Electric poised for tariff rise of 2-3 per cent

    Posted Dec 21st 2006, 12:00am by Denise Tsang

    ... Denise Hung and Denise Tsang Increase will widen gap in charges paid by consumers on both sides of harbour Hongkong Electric is set today to announce an increase of 2 to 3 per cent ... of the Democratic Party, said yesterday he understood Hongkong Electric would raise its tariff by about 2 to 3 per cent, while CLP would maintain its present rate. The Hongkong Electric increase is slightly ...

  7. Vertex is not ready to supply electricity

    Posted Aug 03rd 2005, 12:00am by Denise Tsang

    ... Denise Tsang Media firm Vertex Communications and Technology Group yesterday played down reports suggesting it was ready to supply electricity to Hong Kong, saying it had not sought government approval to build electricity substations and networks. The company's 24 per cent-owned joint venture with state-owned China Power International Holdings and a Kuwaiti family had ...

  8. LifeTec bets on baccarat as gambling goes electric

    Posted May 13th 2006, 12:00am by Staff Reporter

    ... Neil Gough Pharmaceuticals firm LifeTec Group announced yesterday it had signed a five-year contract with Macau gaming boss Stanley Ho Hung-sun's Sociedade de Jogos de Macau (SJM) to install proprietary semi-automated baccarat gaming systems in all 1 ...

  9. MSCI index adds Shanghai Electric

    Posted Aug 18th 2005, 12:00am by Staff Reporter

    ... Anette Jonsson The share price of Shanghai Electric Group jumped 5.49 per cent to a record high of $2.40 yesterday on news it would be included in Morgan Stanley Capital ... was incorrect. Based on market capitalisation on July 27, Shanghai Electric will have a 0.64 per cent weighting in the MSCI China index, according to index provider MSCI Barra. The stock, which will also ...

  10. Vertex's electric bid fuels drive to rewire industry

    Posted Apr 01st 2005, 12:00am by Denise Tsang

    ... Tiny media firm may finally pry open duopoly's grids, writes Denise Tsang A bold bid for a slice of Hong Kong's electricity market by tiny media firm Vertex Communications & Technology Group has fuelled prospects for drastic changes to the industry dominated by century-old utilities CLP Holdings and Hongkong Electric Holdings. Arguably the first investor to confront ...




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