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  1. 200 security guards fired, rehired ahead of pay law

    Posted Mar 01st 2011, 12:00am by Martin Wong

    ... Martin Wong A property management company has sacked around 200 security guards in what a trade union says is an attempt to cut its wage costs ahead of the minimum wage law. They were sacked by New City Property Management and rehired yesterday by Lion Se ...

  2. China's new era may be no golden age for stock investors

    Posted Jan 05th 2011, 12:00am by Tom Holland

    ... similar problems to the US at the end of the 19th century: massive income inequality, widespread corruption, deepening concerns over food and product safety, the growing power of business ... deal' and 'new freedom' policy agendas of presidents Theodore Roosevelt and Woodrow Wilson. During this Progressive Era, the tax system was overhauled and a federal income tax ...

  3. State Council to consider tax plan to help less well-off working classes

    Posted Feb 28th 2011, 12:00am by Staff Reporter

    ... Zhuang Pinghui The State Council will discuss on Wednesday changes to the nation's system for income tax deductions designed to help medium- and low-income individuals, Premier Wen ... of individual income tax. After Wednesday's cabinet discussion, the plan will be sent to the National People's Congress for review. The NPC's annual session is set to start on Saturday. ...

  4. Higher rents boost Link Reit half-yearly income

    Posted Nov 10th 2011, 12:00am

    ... Sandy Li sandy.li@scmp.com Shares in The Link Real Estate Investment Trust yesterday jumped to a 52-week high after it announced half-yearly net property income to September 30 jumped more than 15 per cent on the back of high rents. The Link Reit, which owns more than 180 shopping centres and car parks formerly owned by the Housing Authority, said its total distributable income ...

  5. Income target on course, says StanChart

    Posted Nov 03rd 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Standard Chartered, Britain's second-largest lender by market value, said it would stick to targeted double-digit income growth for the full year, after ... recent movements in the foreign exchange markets did present some challenges, as Asian currencies weakened against the US dollar. If the trends persist, it could pinch fourth-quarter income ...

  6. Low-income windfalls

    Posted Oct 13th 2011, 12:00am

    ... food bank to help low-income earners to tackle inflation. The government will pay two months' rent for around 700,000 public housing tenants. People under the Comprehensive Social Security ... low-income families and new immigrants. Tsang plans to use HK$100 million to increase food variety and provide fresh produce. Nelson Chow Wing-sun, from the University of Hong Kong's Social Work ...

  7. Without big reforms, China risks middle income trap

    Posted Oct 18th 2011, 12:00am

    ... in the 'middle income trap' in which growth rates collapse long before the population attains rich-country levels of wealth. These warnings are based largely on the bitter lessons of history. ... They never made it. In the 1980s their growth evaporated amid the Latin American debt crisis. Today, incomes in the big Latin American economies are still less than half those enjoyed ...

  8. BOCHK's operating income rises to HK$22.6b

    Posted Oct 27th 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Bank of China (Hong Kong) said net operating income before impairment rose 15 per cent in the third quarter to HK$22.6 billion, from HK$19.65 billion a year earlier. Analysts said the bank's strong capital base would help it weather an increasingly tough market. BOCHK, whose biggest shareholder is Bank of China, the mainland's fourth-largest ...

  9. Children in low-income families are undernourished, Oxfam says

    Posted Oct 04th 2011, 12:00am

    ... Joyee Chan Low-income families cannot afford nutritionally balanced meals owing to rising food prices, a study by Oxfam has found. Local representatives of the international rights group ... of Health. To meet their nutrition needs, families have to spend HK$47.50 a day on children aged six to 12 and HK$66.60 on adults, Oxfam said. Yet low-income families spend between HK$17.50 ...

  10. HKEx income shrinks as global turmoil takes toll

    Posted Nov 12th 2011, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Hong Kong Exchanges and Clearing said third-quarter net profit dropped 8 per cent from the previous quarter as the global market turmoil discouraged new stock listings and hurt its investments. Analysts believe the weak outloo ...




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