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  • July 14, 2014
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  1. Lifestyle posts 41.9pc income gain but expects moderate second half

    Posted Aug 12th 2008, 12:00am by Staff Reporter

    ... Net margin before changes in the fair value of company's properties dropped to 28 per cent from 30.1 per cent a year earlier because of a first-time income tax charge at the Shanghai ... but the pace eased in May as a result of the slowdown in the global economy and the impact of the earthquake in Sichuan. Net income for the six months to June rose to HK$606.25 million or 35.5 HK cents ...

  2. Tax issues pose big obstacle in HK push into Islamic finance

    Posted Jun 10th 2008, 12:00am by Staff Reporter

    ... bond specifically. Senior government officials have said they are conducting a review of the tax laws but have not issued a report yet. Islamic religious law, or sharia, bans interest income but allows profit sharing. Many Islamic investments, such as bonds, are structured so gains are considered profit rather than interest income. The problem is that in Hong Kong interest is not taxed ...

  3. Hyundai urges tax breaks for hybrid cars

    Posted Nov 26th 2008, 12:00am by Kandy Wong

    ... government.' Hyundai will first launch its Elantra hybrid in Korea in July next year. '[Normally speaking,] the United States will reduce the income tax for drivers who buy a hybrid,' said Mr ... Kandy Wong South Korea's Hyundai Motor suggested yesterday that Beijing should introduce substantial tax concessions as a way to encourage consumers to buy low-emission vehicles. ...

  4. Property agencies' incomes double

    Posted Jul 01st 2009, 12:00am by Staff Reporter

    ... Fulton Mak Some of the biggest Hong Kong property brokerages said first-half income more than doubled from the second half last year, thanks to the low interest rate and improved sales. Ricacorp Properties said that commissions in the first half soared 125 per cent to HK$365 million from the second half last year when the market was badly hit by the global financial crisis. ...

  5. StanChart sees 8th year of record earnings

    Posted Dec 10th 2010, 12:00am by Lulu Chen

    ... profit before tax might be below the US$6.4 billion estimate of some analysts, since the bank continued to increase costs in the second half but failed to boost income growth. 'I think ... slowdown.' He estimated the bank's profit before tax at around US$6.1 billion. On the consumer banking side, operating income for the full year will show a growth rate broadly consistent ...

  6. COSL sees strong income growth despite oil decline

    Posted Aug 30th 2008, 12:00am by Eric Ng

    ... Eric Ng China Oilfield Services Ltd (COSL), the mainland's dominant offshore drilling services company, said that despite falling oil prices, fee income would continue to grow rapidly in the second half because its prices were protected by contracts. Spiralling oil prices, brisk demand and a tight supply of drilling and service vessels enabled the company to increase rates 41.4 per ...

  7. Life on the Rock looks attractive to buyers

    Posted Jul 08th 2009, 12:00am by Richard Warren

    ... valued at 400,000 Gibraltar pounds (HK$5.08 million) or more, was firmer than for lower-priced properties, he said, because of strong demand from incoming business executives working ... from wealthy individuals moving to Gibraltar to take advantage of low personal taxes. Gibraltar runs a scheme called Category Two, whereby wealthy overseas individuals have taxes ...

  8. Singapore leaves HK in its wake on incentives

    Posted Aug 16th 2010, 12:00am by Keith Wallis

    ... already on offer to the maritime and logistics industries. These include tax holidays lasting 10 years and longer, a concessionary tax rate of not less than 10 per cent on income from freight ... sailing Singapore offers maritime and logistics firms a range of incentives Tax holidays for companies can last this many years: 10 Tale of two ports Singapore: Tax exemption on shipping income ...

  9. Road and rail operators face slower growth

    Posted Sep 01st 2008, 12:00am by Staff Reporter

    ... are seeing a surge in earnings thanks to the country's planning and tax policies, according to analysts. Hong Kong-listed toll road operators on the mainland said they would develop non-core ... income to 864.39million yuan (HK$988.8 million) during the first six months, and an increase of 4.54per cent of revenue to 2.52 billion yuan due to competition from other newly built toll roads ...

  10. Business - Companies - RESULTS

    Retailer to expand circle on mainland China

    Posted Mar 28th 2013, 12:00am by PAUL SOH

    ... increased last year by 20.2 per cent to HK$199.9 million. Excluding gains on the disposal of real estate and in gross margin stemming from the cigarette inventory following the tobacco tax increase ...




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