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  • August 27, 2014
  • Last updated: 10:55pm
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  1. Business - Banking & Finance - EARNINGS

    Hang Seng Bank net profit tumbles 54pc

    Posted Aug 04th 2014, 07:58pm by Enoch Yiu

    ... income plunge 54 pc in first half Hang Seng Bank said net profit dropped 54 per cent to HK$8.47 billion in the first six months of this year mainly because of a one-off accounting gain ... growth, with increases in income and profit across all business groups in the first half of 2014," said Rose Lee Wai-mun, the bank's vice-chairman and chief executive. "Overall ...

    http://www.scmp.com/business/companies/article/1566353/hang-seng-bank-net-profit-tumbles-54pc
  2. News - Hong Kong - POLICY ADDRESS

    Low-income family supplement a step forward but more needs to be done

    Posted Jan 16th 2014, 07:11am by HO HEI-WAH

    ... for decades. The low-income family supplement, a secondary safety net advocated by grass-roots organisations since the handover, shows a fundamental change in the way the government views wealth distribution. It is a step by the administration towards tackling one of the deep-seated contradictions in our society. According to statistics from the Commission on Poverty, about 300,000 low-income ...

    http://www.scmp.com/news/hong-kong/article/1406450/low-income-family-supplement-step-forward-more-needs-be-done
  3. Business - Banking & Finance

    Time for ECB to man the quantitative easing pumps

    Posted Aug 25th 2014, 03:33am by DAVID BROWN

    ... fiscal austerity- has taken a toll on confidence. Consumer sentiment has been pummelled by record unemployment, an income squeeze and negative wealth effects. Company output and investment plans ...

    http://www.scmp.com/business/banking-finance/article/1580410/time-ecb-man-quantitative-easing-pumps
  4. News - Hong Kong - EDUCATION

    New education subsidy sending local students to mainland universities

    Posted Aug 01st 2014, 04:03am by SHIRLEY ZHAO

    ... to 2016. But the number of subsidised students will not be capped. They will receive a full subsidy of HK$15,000 a year or half rate of HK$7,500, based on their families' annual income, until ... results instead of sitting mainland public exams. Teresa Cheung Shuk-kau, deputy controller of the Student Financial Assistance Agency, said if the average monthly family income of the applicants ...

    http://www.scmp.com/news/hong-kong/article/1563670/new-education-subsidy-sending-local-students-mainland-universities
  5. Business - China Business - EARNINGS

    Youku Tudou expects new growth prospects from Alibaba collaboration

    Posted Aug 21st 2014, 01:28am by BIEN PEREZ

    ... billion yuan and 1.13 billion yuan, with advertising income contributing between 965 million yuan and 1.01 billion yuan. Hangzhou-based Alibaba and Yunfeng Capital, a private equity firm ...

    http://www.scmp.com/business/china-business/article/1577968/youku-tudou-expects-new-growth-prospects-alibaba
  6. News - Hong Kong - TRANSPORT

    Fury after dog killed on MTR tracks because rail bosses refused to halt services

    Posted Aug 21st 2014, 01:57pm by Bryan Harris and Gloria Chan

    ... But the dog had remained elusive and could not be located even after staff at Fanling station ordered an incoming train to stop to enable a search. The dog was found dead after the train was allowed ...

    http://www.scmp.com/news/hong-kong/article/1578399/death-dog-hit-train-could-have-been-prevented-mtr-animal-welfare
  7. Comment - Insight & Opinion

    A loaf of bread’s well-serviced journey

    Posted Aug 20th 2014, 12:10pm by PATRICK LOW

    ... a source of income and jobs The particular emphasis of FGI's current work in this domain is on services. Services drive production and trade in ways that are poorly understood. Services ... increased international demand for services. Services are multifunctional in production and trade, more than merely a source of income and jobs. They articulate production processes and provide ...

    http://www.scmp.com/comment/insight-opinion/article/1577631/loaf-breads-well-serviced-journey
  8. Business - Companies - EARNINGS

    Peninsula hotel owner sees profit rise by 73 per cent

    Posted Aug 20th 2014, 03:25pm by TIFFANY AP

    ... down on results in the second half but once all the 200 hotel rooms were fully operational in September- only 108 rooms opened with the launch- "income would rise quickly" and would ...

    http://www.scmp.com/business/companies/article/1577695/peninsula-operators-profit-surges
  9. Business - Companies - EARNINGS

    OOIL turns around to a US$181m profit

    Posted Aug 11th 2014, 09:30am by Jasper Moiseiwitsch

    ... declared sharply improved income from its property holdings. Dividends from the Hui Xian property trust rose to US$41.3 million in the first half, a 4.5-fold increase from the same period last year. The company’s results were above expectations, UOB Kay Hian Research shipping analyst Lawrence Li said. He attributed the gains in operating income to cost controls and the firm’s ability ...

    http://www.scmp.com/business/companies/article/1571139/ooil-turns-around-us181m-profit
  10. Property - Hong Kong & China

    Vanke eyes new markets to ride out residential volatility

    Posted Aug 18th 2014, 09:34am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com China Vanke, the mainland’s biggest developer by sales revenue, said on Sunday that it would continue to focus on the end-user home market, while exploring new business opportunities such as senior living, holiday and logistic properties in a bid to enhance its income sources. It reported a 5.56 per cent year-on-year increase in net profit ...

    http://www.scmp.com/property/hong-kong-china/article/1575895/vanke-eyes-new-markets-ride-out-residential-volatility

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