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  • April 17, 2014
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  1. Business - Banking & Finance - EARNINGS

    Construction Bank profit grows 11pc on interest income and cost controls

    Posted Mar 31st 2014, 05:27am by Zhang Hong

    ... Zhang Hong in Beijing hong.zhang@scmp.com Interest income boosts CCB profit 11pc China Construction Bank, the mainland's second-biggest bank by assets, recorded an 11 per cent gain in net profit to 214.7 billion yuan (HK$270 billion) for last year, thanks to steady growth in net interest income and effective control of operating costs. Net income was higher than the 193.2 ...

    http://www.scmp.com/business/banking-finance/article/1461184/construction-bank-profit-grows-11pc-interest-income-and
  2. Business - Banking & Finance

    Fee income boosts Citic Securities profit

    Posted Mar 28th 2014, 01:40am by Ray Chan

    ... Ray Chan ray.utchan@scmp.com Fee income boosts Citic Securities A strong pickup in income from commission fees and asset management helped top mainland brokerage Citic Securities arrest ... per cent to 20.3 billion yuan, thanks mostly to a surge in brokerage fees and income from asset management. Citic Securities, in which parent firm Citic Group has a 21 per cent stake, said ...

    http://www.scmp.com/business/banking-finance/article/1458852/fee-income-boosts-citic-securities-profit
  3. 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 ...

    http://www.scmp.com/article/739520/200-security-guards-fired-rehired-ahead-pay-law
  4. Magazines - Post Magazine

    Income and gender equality can boost Hong Kong's economic growth, says IMF's Lagarde

    Posted Feb 22nd 2014, 11:39pm

    ... of inequalities and greener growth, I am personally passionate, yes.” Governments in Hong Kong and elsewhere should remember, she says, that all the evidence suggests that greater income equality, gender ...

    http://www.scmp.com/magazines/post-magazine/article/1431061/income-and-gender-equality-can-boost-hong-kongs-economic
  5. Modest increases on the way

    Posted Jan 01st 2011, 12:00am by John Cremer

    ... John Cremer After two years of cost cuts and austerity, better economic times mean that Hong Kong employers can loosen the purse strings a little, as they finalise salary adjustments for this year. Several surveys confirm that companies plan to reward sta ...

    http://www.scmp.com/article/734463/modest-increases-way
  6. Firms can't wait for help, says chamber

    Posted Nov 22nd 2008, 12:00am by Staff Reporter

    ... Albert Wong and Eva Wu Business leader wants budget relief now The government has been urged to bring forward its budget and introduce tax relief measures for small and medium-sized enterprises, without waiting until February. Andrew Brandler, chairman of ...

    http://www.scmp.com/article/661096/firms-cant-wait-help-says-chamber
  7. News - Hong Kong - EDUCATION

    Polytechnic University fires don Judy Tsui, accused of not declaring income

    Posted Feb 12th 2014, 03:47am by Johnny Tam

    ... to a locally listed company and a mainland-listed company. PolyU requires its academics to declare external income and to pay some of the money to the university. "The review conducted ... mechanism to process all applications and approvals of income declarations," the spokeswoman said. "All employees have to follow [the rules] strictly." Tsui could not be reached ...

    http://www.scmp.com/news/hong-kong/article/1426207/polytechnic-university-fires-don-judy-tsui-accused-not-declaring
  8. Business - Economy

    British retailers cut prices as household incomes stagnate

    Posted Feb 05th 2014, 02:49pm by Reuters in London

    ... Reuters in London British retailers slashed prices at the fastest rate in at least seven years during the January sales, industry figures showed on Wednesday, highlighting tough trading conditions despite an improving economy. The British Retail Consortiu ...

    http://www.scmp.com/business/money/spending/article/1421405/british-retailers-cut-prices-household-incomes-stagnate
  9. Property - Hong Kong & China

    Rent rises to boost Fortune's income

    Posted Jan 28th 2014, 01:36am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Reit expects growthin the double digits as shopping centre leases end this year Rentals to boost Fortune's income The manager of Fortune Real Estate Investment Trust (Fortune Reit) expects a double-digit increase in rental income after leases for about 40 per cent of its shopping centres' rentable area expire this year. Rent increases ...

    http://www.scmp.com/property/hong-kong-china/article/1415380/rent-rises-boost-fortunes-income
  10. Business - Economy

    Incoming Fed chief faces challenge to boost US inflation to above 2pc

    Posted Jan 28th 2014, 01:35am by BLOOM

    ... Bloomberg in New York Incoming Fed chief faces challenge to boost inflation to above 2 per cent while keeping interest rates at zero amid a tapering of bond purchases Tall order for Yellen One of Janet Yellen's first challenges as Federal Reserve chairwoman is generating enough inflation to meet the US central bank's target of 2 per cent. Policymakers have failed ...

    http://www.scmp.com/business/economy/article/1415290/incoming-fed-chief-faces-challenge-boost-us-inflation-above-2pc

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