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  • September 3, 2014
  • Last updated: 3:50pm
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  1. Business - Companies - EARNINGS

    Watch seller Citychamp revenue increases

    Posted Sep 01st 2014, 06:03pm by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Citychamp Watch & Jewellery Group reported its first-half revenue increased to HK$1.7 billion from HK$1.3 billion a year earlier while net profit fell 37 per cent to HK$273.6 million. But the company said net profit actually increased HK$2.6 million if gains on the disposal of shares in Citychamp Dartong were set aside. The watch seller said ...

  2. Comment - Insight & Opinion - BRICKS & MORTAR

    Land prices in Beijing cool despite government’s best efforts

    Posted Sep 01st 2014, 12:28pm by Langi Chiang

    ... correction in the second half will exceed the extent seen in the first half TAN HUAJIE, CHINA VANKE The winning bidder happens to be a state firm controlled by Beijing's Xicheng district ... high. "The correction in the land market seriously lagged behind that in the housing market in the first half," Vanke board secretary Tan Huajie said. Data from the Ministry of Land ...

  3. Business - China Business - EARNINGS

    China Railway posts 5.3b yuan loss

    Posted Sep 01st 2014, 12:11pm by CHIM SAU-WAI

    ... Chim Sau-wai sauwai.chim@scmp.com China Railway Corp posted a loss of 5.3 billion yuan (HK$6.7 billion) for the first half of this year while its debt increased to 3.4 trillion yuan. The national rail operator, which was previously part of the defunct Ministry of Railways, said on Monday that its revenue fell 2.4 per cent year on year to 478.5 billion yuan. Freight revenue declined ...

  4. Business - China Business - EARNINGS

    Titan Petrochemicals back in black after selling off assets

    Posted Sep 01st 2014, 11:06am by Ray Chan

    ... after it disposed of at least 10 subsidiaries. In a filing with the Hong Kong stock exchange, Titan reported profit before tax from continuing operations of HK$3.77 billion in the first half ... operations for the first half, compared with sales of HK$117 million in the same period last year. We will continue to work with our advisers to further speed up the debt restructuring process Zhao ...

  5. Business - China Business - FUNDRAISING

    361 Degrees plans offshore yuan bond issue

    Posted Sep 01st 2014, 10:01am by Ray Chan

    ... cent in June from 11 per cent at the end of last year, while the number of inventory turnover days fell to 59 for the first half of this year from 73 a year earlier. In a separate statement, ...

  6. News - Hong Kong

    LIVE: Beijing officials explain controversial NPC decision on 2017 reform

    Posted Sep 01st 2014, 09:57am

    ... to decide upon the territory's political system, election methods and any reforms made. 10.46am: On the 50 per cent threshold (potential candidates must obtain the support of more than half ...

  7. Sport - Soccer - Primera Liga

    'Horrible in every facet'- Iker Casillas slams Real Madrid as they throw away 2-0 lead

    Posted Sep 01st 2014, 09:46am

    ... Bella’s cross. And there was more of the same to come in the second-half as Zurutuza put Sociedad in front before Carlos Vela rounded off the scoring. “We have started the season and it is clear ... It is the whole team who lost after a very good first half hour. “The presence of Xabi Alonso when the whole team doesn’t have a good attitude wouldn’t have changed things.” In contrast to Ancelotti’s ...

  8. News - China - CHINA BRIEFING

    Party's over for state-firm fat cats

    Posted Sep 01st 2014, 07:14am by Wang Xiangwei

    ... China Morning Post, the salaries of top executives will be cut by as much as half and most of their perks will be removed. This will prove very popular with mainlanders who have long complained ...

  9. News - Hong Kong - HEALTH CARE

    Private Hong Kong doctors stay away from public subsidy scheme for hypertension patients

    Posted Sep 01st 2014, 05:55am by Emily Tsang

    ... includes the same medicine as that prescribed in public hospitals. Shih said the scheme was unpopular among private practitioners as the authority had refused to increase the subsidy and half ...

  10. News - Hong Kong - POLITICS

    Take it or leave it, NPC tells city as it endorses framework for 2017 poll

    Posted Sep 01st 2014, 05:55am by Gary Cheung, Tony Cheung, JEFFIE LAM, Peter So

    ... candidate will need the endorsement of more than half of the committee's members All eligible voters will then be able to vote on the selected candidates The winning candidate will have ...




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