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  • September 17, 2014
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  1. Knotty issues

    Posted Mar 26th 2007, 12:00am by Staff Reporter

    ... that will create jobs for the needy The public tax burden will be relieved by reducing the standard salaries and profits tax rates to: 15% While Hong Kong cannot shirk its constitutional duty to enact ... Donald Tsang's election pledges: A green paper outlining three proposals for universal suffrage will be issued by the middle of the year. The idea is to get agreement on a 'final ...

  2. Candidates for top job appear clueless about big issues

    Posted Dec 12th 2011, 12:00am

    ... Tom Holland Last Friday, both candidates in next year's sham election for the government's chief executive went up to the University of Hong Kong to explain how they would make ... to 'construct more than one small house on one piece of land'. Neither candidate attempted to tackle the central problem: that Hong Kong, for all its great wealth, is a lousy place to live for many ...

  3. Second alert issued over HKEx imposters

    Posted Jul 26th 2011, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Hong Kong Exchanges and Clearing yesterday issued its second warning in a month about con artists impersonating exchange employees to perpetrate fraud. ... the exchange and the couple reported the case to the police. It is not known whether the fraud cases are related. $300,000 The amount, in Hong Kong dollars, con men- posing as HKEx chief executive Paul ...

  4. This week in health

    Posted May 24th 2011, 12:00am

    ... indoor air quality up to World Health Organisation and Hong Kong government standards. Good enough to purify a 1,000 sq ft home. www.oxyvital.com Thigh's the limit Knee-high socks ... Jeanette Wang jeanette.wang@scmp.com The best cling ever The trouble with most sunscreens is that after an hour or so in Hong Kong's summer heat and humidity it feels like you've ...

  5. HKMA issues extra HK$4b in debt paper

    Posted Oct 21st 2008, 12:00am by Staff Reporter

    ... Maria Chan The Hong Kong Monetary Authority will issue a further HK$4 billion in Exchange Fund bills, a special form of debt, in a move to meet demand for the paper and help local banks ... to borrow for liquidity. The HKMA, using Hong Kong dollars, bought the equivalent amount of US dollars to prevent the liquidity of the banking system from being reduced because of the issuance. ...

  6. Yuan slowdown no blow to Hong Kong's ambitions

    Posted Dec 12th 2011, 12:00am

    ... in 2012, but Chan said this would not hurt Hong Kong's ambitions to become an offshore yuan trading centre. 'If the yuan only went up and up, it would be hard for companies to choose to settle their business in yuan,' he said. Likewise, for companies wanting to issue yuan-denominated bonds, a continually rising yuan against, for example, the US dollar, would be a concern, ...

  7. New World stocks tumble on discount rights issue

    Posted Oct 19th 2011, 12:00am

    ... in NWCL, is also entitled to subscribe HK$2.89 billion worth of rights shares in the mainland unit. Lee said he expected more Hong Kong developers to tap the market either through a rights issue ... making it the top loser in yesterday's trade. Both firms planned to raise a total of HK$16.7 billion in two rights issues. The parent company expected to earn as much as HK12.3 billion ...

  8. CR Power seeks HK$5.9b from rights issue

    Posted Jun 05th 2009, 12:00am by Denise Tsang

    ... Denise Tsang China Resources Power Holdings, one of the mainland's largest independent power producers, says it plans to raise a net HK$5.92 billion through a one-for-10 rights issue, largely to repay debt. The rights shares will be sold at HK$14 each, a 21.88 per cent discount to the stock's close of HK$17.92 yesterday. About HK$3.85 billion of the proceeds will be used ...

  9. Health of public purse all in the method

    Posted Feb 22nd 2010, 12:00am by Dennis Eng

    ... the Hong Kong government has also prepared accrual-based accounts, like those kept by private sector companies, which take into account future liabilities including pensions and interest due ... such as the Airport Authority and Hong Kong Disneyland, usually makes up the biggest difference between cash- and accrual-based accounting. The administration also transfers money to various funds ...

  10. Local unit rises as Monetary Authority bares HK$6b issue

    Posted Jan 05th 2008, 12:00am by Staff Reporter

    ... to the Exchange Fund paper, reducing the former to about HK$4.6 billion after the paper is issued. The Hong Kong dollar rose to as high as HK$7.796 per US dollar from HK$7.806, trading at about HK$7.7977 ... Maria Chan The Hong Kong dollar touched a high of HK$7.796 to the US dollar yesterday after the de facto central bank said it would launch an additional HK$6 billion in an Exchange Fund ...




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