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  • September 30, 2014
  • Last updated: 8:36pm
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  1. Business - Money - MPF REFORM

    Half the battle

    Posted Nov 05th 2012, 12:00am by Nicky Burridge

    ... Half the battle Hongkongers love to complain about their Mandatory Provident Fund. The government launched the plan in 2000 to address citizens' retirement needs. It implemented a fully ... A Consumer Council study released on October 15 found that almost half (45 per cent) of MPF funds lost money over the past five years. MPF fees are also high. In May, consulting firm Ernst & ...

  2. Business - Companies - TELECOMMUNICATIONS

    Unicom steps up 3G expansion after first-half profit jump

    Posted Aug 24th 2012, 12:00am by BIEN PEREZ

    ... roll-out China Unicom, which posted strong first-half gains yesterday, will accelerate expansion of its 3G network across the mainland to meet rising mobile broadband use by new smartphone ... half. First-half net profit for Unicom, the country's second-largest wireless network operator, rose 31.9 per cent to 3.43 billion yuan, up from 2.60 billion yuan a year earlier, behind ...

  3. Business - Money - PROPERTY

    Home sales jump in month's first half

    Posted Aug 20th 2012, 12:00am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Home sales rise sharply in first half of August Hong Kong property sales surged in the first 16 days of August compared with the same period last month, ... of about four weeks between buying a property and registering the sale, the data for the first half of August reflect sales transacted in the first two to three weeks of July. The data showed ...

  4. Business - Companies - TELECOMS

    Citic Telecom International upbeat on second half with new app

    Posted Aug 16th 2012, 12:00am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Citic Telecom upbeat on second half with new app Citic Telecom International posted a 2.1 per cent year-on-year increase in net profit to HK$238.8 million in the first half of this year and said it was confident of healthy growth in the second half despite intense competition. The telecommunications services provider yesterday reported a revenue growth ...

  5. Business - Companies - AVIATION

    First-half profit slump for Hong Kong Airlines

    Posted Aug 16th 2012, 12:00am by Charlotte So

    ... Charlotte So charlotte.so@scmp.com Carrier to delay aircraft purchases and end business route to London after service and high fuel costs send first-half earnings into a tailspin Profit slump for HK Airlines High fuel prices and a loss-making London-Hong Kong route helped halve first-half net profit at Hong Kong Airlines, the carrier backed by the mainland's HNA Group. ...

  6. PCCW posts sound first-half interim results

    Posted Aug 11th 2012, 12:00am

    ... results following the spin-off of its telecommunications unit. The company, which is controlled by billionaire Richard Li Tzar-kai, reported yesterday that its consolidated first-half net profit ... growth. Total first-half revenue from its core media, telecoms and information-technology services units improved modestly to HK$11.06 billion from HK$10.94 billion the previous year. PCCW owns ...

  7. Big property deals nearly double in first half

    Posted Aug 10th 2012, 12:00am

    ... Angela Che angela.che@scmp.com Sales of investment properties valued above HK$100 million nearly doubled in Hong Kong in the first half of the year, with expectations the momentum will continue for the rest of 2012. A study by property consultant Cushman and Wakefield found that the number of such transactions increased 92.4 per cent to 177 compared with the second half year ...

  8. China Life warns of big dent in first-half earnings

    Posted Aug 07th 2012, 12:00am

    ... Yvonne Liu yvonne.liu@scmp.com China Life Insurance, the biggest life insurer on the mainland, yesterday warned its first-half net profit would be hit by a decline in investment yield ... 29.4 per cent from last year. This means its net profit for the first half would be at least 9.15 billion yuan (HK$11.1 billion)- higher than market expectations. According to Bloomberg, ...

  9. 6.6b yuan of wind power blown away in first half

    Posted Aug 06th 2012, 12:00am

    ... in this year's first half due to chronic power grid capacity shortages, says the State Electricity Regulatory Commission. In a report documenting the results of a survey on the industry's ... recorded in the first half of 2010. They include the northeast, northern and northwest regions, which together accounted for 87.7 per cent of the nation's total wind power generating capacity. ...

  10. Manta shares gain 12pc on HK debut

    Posted Jul 20th 2010, 12:00am by Amanda Lee

    ... Amanda Lee Tower crane trading company Manta Holdings yesterday gained 12 per cent on its debut on the Hong Kong stock exchange. The company, which also trades mast-climbing work platforms, had raised HK$38.1 million, pricing its shares at HK$1 each. Manta operates in Hong Kong, Macau, Singapore and Vietnam. The listing prospectus said the majority of the net proceeds would ...




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