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  • September 23, 2014
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  1. We'll spend our way out of the crisis, says Wen

    Posted Mar 06th 2009, 12:00am by Cary Huang

    ... with financial services group Nomura International, said he read from the firm tone of Mr Wen's speech that the government was determined to cope with the international financial crisis and had ...

  2. Layoffs under way as crisis bites

    Posted Feb 05th 2009, 12:00am by Agnes Lam, Martin Wong

    ... Agnes Lam and Martin Wong PCCW has admitted that a layoff programme affecting employees in various departments is under way, saying the economic crisis will hinder its business growth. Workers and lawmakers have criticised the move, which unionists said would involve the sacking of 600 workers. In a press statement yesterday, the company said: 'It is clear that the global ...

  3. Design firm born out of crisis

    Posted Dec 05th 2008, 12:00am by Michael Taylor

    ... Michael Taylor The 2003 severe acute respiratory syndrome (Sars) crisis persuaded Chuck Cheng to abandon a successful career in the United States and return to Hong Kong. The CEO of AppoTech attended some of the top universities in the US. He then spent 20 years in California's Silicon Valley, where he founded five start-ups and was a founding team member of Advancel ...

  4. 900 banking jobs lost as crisis bites deeper in region

    Posted Nov 08th 2008, 12:00am by Staff Reporter

    ... of this month, mainly in its Hong Kong and Singapore operations, as the impact of the global economic crisis worsens in the region. The layoffs will be the first for the banking giant since 2002 when ... be layoffs in all sectors soon as the financial crisis deepens, while unions have urged employers not to resort to mass layoffs to cut costs. US investment bank Goldman Sachs has already laid off 100 ...

  5. Beijing fears impact of crisis on jobs

    Posted Nov 21st 2008, 12:00am by Denise Tsang

    ... have not been disclosed, contradicted the ministry's earlier optimistic estimation. 'The global economic crisis is picking up speed and spreading from developed to developing ...

  6. Crisis derails Deripaska flagship's listing plans

    Posted Nov 03rd 2008, 12:00am by Kenneth Howe

    ... But as the financial crisis hit, it enveloped Basic Element, whose breakneck acquisition strategy has often relied on borrowed money to buy shares, which are then used as collateral for the loans. The listings ... she said. 'Therefore, a financial crisis doesn't hit the nature of our business. We have plants with capacity and with demand, so it is all a matter of recovery.' Indeed, ...

  7. Families in crisis need adequate support

    Posted May 19th 2008, 12:00am by Staff Reporter

    ... weeks. That can be a long time for people in crisis. How are the social workers coping? According to their union, with great difficulty- which is stressing them and sapping morale. The number ...

  8. Oil crisis is part of a wider malaise

    Posted Oct 06th 2004, 12:00am by Katharine Houreld

    ... Despite the truce, none of the 300 staff oil company Shell evacuated during the crisis have returned. 'These people are volunteers. Asari does not pay them. If they don't like the deal, ...

  9. Quiet achiever Noble builds global footprint with stellar growth rate

    Posted Nov 30th 2009, 12:00am by Howard Winn

    ... crisis,' said Elman. 'Don't overleverage the company, and don't take on unsuitable long-term debt, by building plants, for example, with short-term finance.' As a result, Noble went into the recent crisis with a very strong balance sheet and high levels of cash. 'We continued to trade when others weren't there. We took market share as other people ...

  10. Anglo Irish crash shows again why it's unwise to bet the farm

    Posted Oct 05th 2010, 12:00am by Jake Van Der Kamp

    ... to flushing money down the gurgler. Then again, however, could the Irish have avoided it? Prices on their property market crashed by 70 per cent with the 2008 global economic crisis. Surely no financial system could have withstood such a blow without public assistance. Could it? Well, yes it could. Right here in Hong Kong it could and did. Following the Asian financial crisis in 1997-98, ...




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