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  • August 22, 2014
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  1. Business - Commodities

    China three years late on installing offshore wind farms

    Posted Jul 18th 2014, 02:57am by BLOOM

    ... Bloomberg in Beijing China's offshore wind plans fall 3 years behind China is three years behind schedule on a plan that would make it the world's biggest market for offshore ... in 2011 to build 5,000 megawatts of offshore wind turbines in four years, enough to power 5.4 million homes. With less than 10 per cent of that capacity in place, officials now say they won't ...

  2. Business - Economy - FRANCE

    British Virgin Islands slam company leaks as 'illicit'

    Posted Apr 10th 2013, 09:18pm by Toh Han Shih

    ... information leaks in history, more than two million documents naming many individuals and detailing their financial dealings through offshore accounts were made available to the US-based ICIJ. ... evasion Anger at leaks on tax haven companies The government of the British Virgin Islands (BVI) called an investigation by the International Consortium of Investigative Journalists (ICIJ) ...

  3. Business - Companies - BUSINESS

    Exposé proves bad for business in British Virgin Islands

    Posted Jan 18th 2014, 12:29am by Toh Han Shih

    ... in the Caribbean tax haven. Incorporations of offshore companies in the BVI fell sharply last year, following leaks about account holders. The most recent data from the BVI Financial Services Commission ... of the Offshore Incorporations survey, adding that its leaks "had created a crisis of confidence in the offshore industry". But Kristian Wilson, a Singapore-based senior associate of law firm ...

  4. News - China - TAIWAN

    Kaohsiung residents outraged at ‘slow response’ to gas leaks

    Posted Aug 01st 2014, 11:44pm by Lawrence Chung, CHEUNG CHI-FAI

    ... outraged at 'slow response' to gas leaks Angry residents of Kaohsiung accused the Taiwanese authorities of acting too slowly to prevent a series of gas explosions that killed and injured more than 300. Some relatives of victims accused officials of reacting slowly to complaints about gas leaks that were reported more than three hours before the first blast. At least 26 people ...

  5. Business - Banking & Finance - BONDS

    Chinese banks rely on local branches for offshore debt

    Posted Jul 14th 2014, 03:09am by Jasper Moiseiwitsch

    ... benefits Lenders act locally for offshore debt When it comes to their offshore debt programmes, mainland banks embrace the mantra of thinking globally and acting locally. Looking at all offshore debt issued by the five biggest mainland banks since 2007, almost all (92 per cent) was raised at the local level, through offshore branches, subsidiaries and special purpose vehicles. ...

  6. News - Hong Kong

    Poison and big business: Jimmy Lai's private life thrust into the spotlight in leaked files

    Posted Jul 23rd 2014, 09:15am by Joyce Ng and Fanny W. Y. Fung

    ... Joyce Ng and Fanny W. Y. Fung Aspects of both the business and the private lives of Jimmy Lai Chee-ying are outlined in files leaked to the media. They include a suspicious food poisoning ... not report the leak to the police. "There's nothing I can do to stop this kind of cyberattack," Lai told an online talk show. "My newspaper's website is under attack ...

  7. News - Hong Kong - BANK SECRECY

    Journalism group ICIJ snubs requests for access to bank account data

    Posted Apr 07th 2013, 12:00am by Lana Lam

    ... reporting organisation …." The group leaked the financial secrets of more than 120,000 offshore companies last week in a move billed as the biggest information leak in recent history and 160 ... Lana Lam lana.lam@scmp.com Leads on rich and powerful stay with us, says the investigative journalism group ICIJ No access to bank leak data for governments The US-based International ...

  8. News - Hong Kong - POLITICS

    Apple Daily head Jimmy Lai donated millions to pan-democrats, leaked files show

    Posted Jul 22nd 2014, 01:09pm by JEFFIE LAM, Joyce Ng

    ... Jeffie Lam and Joyce Ng Leaking of hundreds of records is labelled as a smear campaign by those he backed Jimmy Lai donated millions to pan-dems Hundreds of records detailing millions of dollars in donations to pan-democrats by the Apple Daily's founder have been leaked to the media, a move the camp slammed as a "smear campaign". According to the 900 leaked files, ...

  9. Business - Money - FUNDRAISING

    Offshore bond issues gain pace among Chinese firms

    Posted Jul 03rd 2014, 02:08am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com Offshore listing activity likely to wane in the second half after Alibaba's mega-IPO saps liquidity in New York and investor sentiment cools in HK ... in New York and investors in Hong Kong remain apathetic to mainland listings, industry insiders said. Concerns over the health of mainland banks and ample liquidity offshore would continue ...

  10. News - Asia

    22.6m customer files leaked in Benesse data theft

    Posted Jul 22nd 2014, 09:27am by AP

    ... smartphone, the company said, making the leak the largest ever of its kind in Japan. As a result of its examination of information left in the smartphone used by 39-year-old suspect Masaomi Matsuzaki, ... data leak was the theft of about 8.6 million customer files from Dai Nippon Printing Co. that came to light in 2007. Benesse said the stolen data also included user information of its ...




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