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  • July 24, 2014
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  1. Hysan underlying profit leaps 26pc on strong increase in rental income

    Posted Mar 14th 2008, 12:00am by Staff Reporter

    ... income jumped 23.3 per cent to HK$567 million while retail rental income was HK$505 million, up 17.7 per cent. Rental income from residential properties rose 12.9 per cent to HK$262 million. 'Rental income was basically in line with our expectation,' said Jeff Yau, an analyst at DBS Vickers. Net profit, including a HK$3.13 billion revaluation gain on investment properties, ...

  2. Merchants Bank gets 905m yuan in tax deductions

    Posted Apr 12th 2007, 12:00am by Nevin Nie

    ... expense for computing income tax for 2006 is within our expectation,' said Core Pacific-Yamaichi banking analyst Kent Yau. 'All mainland banks listed in Hong Kong have had such a benefit ... in taxes for last year after mainland regulators approved deductions related to staff costs. The Ministry of Finance and State Administration of Taxation notified the Shenzhen-based bank on April ...

  3. Cash is king

    Posted Sep 27th 2004, 12:00am by Staff Reporter

    ... to see the taxman once a month to hand over a portion of his or her income- in cash. And it is not negligible. Tax rates in China are as high as 33 per cent, and there are few deductions. ... will ask whether you require an official receipt. The fapiao allows the tenant to deduct the rent from his or her income, thus reducing taxes. Without it, no deduction is allowed, but the landlord ...

  4. The financial chief we need

    Posted Jun 17th 2012, 12:00am

    ... for waste disposal, for example- and limiting the tax breaks that favour high-income earners. A tax on power usage would fall very evenly and be a simple and fairer version of the now-abandoned ... secretary and the Monetary Authority in the governance of the city. Any discussion of housing, the environment, the income gap, the role of monopolies, pension issues and so on must start ...

  5. Business - Comment - MONITOR

    Hong Kong's offshore yuan market is driven largely by tax dodgers

    Posted Dec 06th 2012, 12:00am by Tom Holland

    ... is driven largely by tax dodgers Writing in these pages on Tuesday, my colleague Jake van der Kamp argued that the only thing driving the development of Hong Kong's offshore yuan market ... trading in Hong Kong. There's also tax fraud. Glance at the data, and it looks as if Hong Kong's market in yuan trading has taken off in record time. The amount of cross-border trade ...

  6. Link tops forecasts with 19.3pc rise in distributable income on rental mix

    Posted Nov 20th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu The Link Real Estate Investment Trust yesterday exceeded analysts' expectations by posting a 19.3 per cent jump in distributable income for the six months to September, thanks to improvements in occupancy rates and rental growth. Distributable income rose to HK$1.06 billion from HK$884 million in the same period last year. It was achieved on the back ...

  7. Business - Banking & Finance - EARNINGS

    Standard Chartered bank expects high single digit growth

    Posted Dec 07th 2012, 12:00am by Bloomberg

    ... in Asia, said pre-tax income might grow at a "mid-single-digit" rate, not including the effect of future settlements with United States regulators. In late October, finance director ... is seeking a ninth consecutive year of record net income- said in the statement. In October, the bank said revenue growth in the first nine months had been "impacted by the strength of the US ...

  8. Taxing times for mainland supermarket chain

    Posted May 17th 2012, 12:00am

    ... Denise Tsang Denise.tsang@scmp.com China Resources Enterprise, which runs 4,000 supermarkets and breweries on the mainland, warned of a challenging outlook after reporting dismal quarterly results. Announcing that net profit fell 15.2 per cent to HK$560 m ...

  9. HK and Asia-Pacific spur HSBC profits to US$11.1b

    Posted Aug 02nd 2011, 12:00am

    ... America. Profit before tax in Hong Kong increased 26.9 per cent to US$3.1 billion in the first half compared with the same period last year, while the rest of Asia-Pacific posted a 32.6 per cent gain in earnings to US$3.6 billion. This outstripped overall growth across the group which climbed 3 per cent to US$11.1 billion before tax. North America and Europe posted 5.3 per cent ...

  10. Want Want positive on industry after income grows 53.9pc

    Posted Aug 27th 2008, 12:00am by Staff Reporter

    ... Jasmine Wang Want Want China Holdings, Asia's largest rice-cracker maker, said it was upbeat on the mainland's snack industry after delivering 53.9 per cent growth in net profit in its first interim report after listing in March. 'The rise in the living standards of Chinese people and higher per capita annual disposable income in urban areas help to maintain ...




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