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  1. Companies spared cost of annual business review

    Posted Dec 24th 2008, 12:00am by Denise Tsang

    ... of Hong Kong Industries deputy chairman Stanley Lau Chin-ho said. 'It shows the Industry and Commerce Bureau realises how severe the impact of the global financial crisis ... for Industry and Commerce said yesterday cash-strapped companies would be allowed to skip the fee required for auditing their business and operations annually, a key part of corporate governance, ...

  2. Power sector to receive 10b yuan financial aid

    Posted Jan 19th 2009, 12:00am by Denise Tsang

    ... sector in its latest efforts to help the country's pillar industries stay afloat, according to sources. The financial aid, pending approval by the State-owned Assets Supervision ... analysts said. The capital injection, if realised, would mark the latest round of subsidies by the central government since the financial package offered to the struggling aviation industry. Last ...

  3. Dongguan offers incentives for manufacturers

    Posted Jan 22nd 2009, 12:00am by Denise Tsang

    ... Denise Tsang in Dongguan Dongguan has unveiled fresh incentives to help struggling Hong Kong exporters enter new markets and upgrade their industries, a move that brings the amount of financial aid from the industrial hub to 5 billion yuan (HK$5.67 billion) since October, the city's deputy mayor said. In collaboration with the Hong Kong Trade Development Council (TDC), ...

  4. Industrial output growth slides to new 6-year low

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

    ... Denise Tsang Industrial output growth at the world's factory, the mainland, hit a fresh six-year low last month at 11.4 per cent from a year ago, and economists said the worst had yet to come. The growth, which was below economists' forecast of 13.4 per cent for September and the 12.8 per cent for August, underlined a quieter manufacturing sector last month as a financial ...

  5. FDI flows into mainland surge 40pc to US$74b

    Posted Oct 11th 2008, 12:00am by Denise Tsang

    ... of 4.8 per cent. The foreign funds pumping into the economy complicate state leaders' macroeconomic policies- a cocktail of monetary, fiscal, industrial, trade and financial regulatory ... Denise Tsang Foreign funds pouring into the mainland soared 39.85 per cent to US$74.37 billion in the first nine months of this year, defying predictions that the global financial meltdown ...

  6. Delta firms reel as buyers seek shipment delays

    Posted Oct 20th 2008, 12:00am by Denise Tsang

    ... the industry was locked in yet another round of problems induced by the present global financial turmoil. 'The whole industry is once again slapped with fresh problems- banks turning off credit ... to exporters,' he said. The move threatened to choke the cash flow of tens of thousands of Hong Kong-owned factories in processing industries across the border. Stanley Lau Chin-ho, deputy chairman ...

  7. Chen Hsong's profit under pressure from costs

    Posted Jul 16th 2008, 12:00am by Denise Tsang

    ... for the industry. 'The financial year has been an exceptionally challenging one for plastics machinery,' Mr Chiang said in a statement yesterday. 'The market continues to be plagued ... Denise Tsang Moulding machine maker Chen Hsong Holdings saw its attributable profit climb 1.78 per cent to HK$317.83 million in the financial year to March as soaring costs and weaker ...

  8. Industry groups say sales of Chinese-made toys will be flat

    Posted Dec 17th 2008, 12:00am by Denise Tsang

    ... Denise Tsang Sales of Chinese-made toys will at best be flat next year as the recession in the United States and Europe is likely to continue, according to two major industry bodies. The Toys Manufacturers' Association and the Hong Kong Toys Council, the city's two industry representatives, expected sales to meet their target of 3 per cent this year but that poor ...

  9. Beijing offers more perks to lift textile sector

    Posted Apr 25th 2009, 12:00am by Denise Tsang

    ... incentives for industry players embarking on mergers and acquisitions. The plan, which followed mass lay-offs and factory shutdowns amid the global financial crisis, aims at generating 8 per cent ... Denise Tsang Beijing is offering textile producers more sweeteners in a three-year plan to revive and upgrade the beleaguered industry. In a detailed, policy-driven plan released ...

  10. Guangdong to roll out rescue plan for exporters

    Posted Jan 20th 2009, 12:00am by Denise Tsang

    ... of Guangdong, who was quoted in the Nanfang Daily yesterday. The measures are expected to include financial aid for upgrading industries and arrangements for cash-strapped Hong Kong manufacturers ... largely on whether and when the financial crisis would be resolved. 'The fall [in Guangdong's exports] in the final quarter of last year was very drastic,' Credit Suisse chief ...




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