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  • July 25, 2014
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  1. High hopes for finance sector

    Posted Jun 27th 2005, 12:00am by Bianca Reyes

    ... services companies. Banco Nacional Ultramarino (BNU) reported generating ample revenue from its retail banking business last year. It also took part in several major financing projects ... Igreja said BNU would compete by refining and enhancing its products and services to meet customers' requirements. For example, more personal insurance and investment products were being ...

  2. Business - China Business - SHIPPING

    Cosco arm may dip toe into leasing

    Posted Feb 21st 2013, 12:00am by Keith Wallis

    ... industry insiders said. One person said the proposal was "still at the study stage" and could involve leasing newly ordered ships or those that have been completed but not delivered, possibly because the owners cannot get financing. Several banks, including ICBC and Standard Chartered, have launched ship leasing businesses where they retain ownership of vessels and charter them ...

  3. Pacnet closer to Nasdaq listing to finance US$300m expansion

    Posted Feb 24th 2010, 12:00am by Staff Reporter

    ... Bien Perez Telecommunications service provider Pacnet, which runs Asia's largest privately owned submarine cable network, may finally list on the US Nasdaq stock market this year to bolster its expansion plans. Depending on market conditions, an init ...

  4. Manulife chief covers plenty of ground

    Posted Mar 07th 2005, 12:00am by Jane Moir

    ... the youngest finance chief of the Royal Bank of Canada, and in 1994 he took over the helm at Manulife Financial. This involves three to four trips a year to Hong Kong and China, the insurer having ...

  5. Chery secures approval to form car-financing joint venture

    Posted Jun 24th 2008, 12:00am by Kandy Wong

    ... Kandy Wong Anhui-based Chery Automobile has become the first mainland carmaker to receive regulatory approval to set up a joint-venture car-financing arm, which it will capitalise at 500 ... 'Consumers may not be able to afford both an apartment and a car, so they need to seek financial help from a car-financing company.' Chery will first set up a car-financing unit in Anhui ...

  6. Islamic finance push shows signs of fruition

    Posted Jun 05th 2008, 12:00am by Enoch Yiu

    ... of the region's top Islamic financial centre. Islamic finance has been under the spotlight since Mr Tsang announced in his policy address in October last year that the government was exploring ... to invest in most normal bond products. This is why they need to invest in tailored products which comply with sharia law.' Islamic finance follows a set of disciplines called sharia, which ...

  7. Tax issues pose big obstacle in HK push into Islamic finance

    Posted Jun 10th 2008, 12:00am by Staff Reporter

    ... Maria Chan In its race to tap into the estimated US$1 trillion Islamic finance market, Hong Kong faces a sizeable hurdle- taxes. And, said Eddie Yue Wai-man (right), a deputy chief executive of the Hong Kong Monetary Authority, it is an issue both the Inland Revenue Department and the legislature may have to tackle. Last year, Hang Seng Bank launched the first Islamic ...

  8. People on the move

    Posted Jun 01st 2004, 12:00am by Staff Reporter

    ... Louis Lam as vice-president and managing director of Asia Pacific sales. He will be based in the International Finance Centre, where SMSC recently opened its first Hong Kong sales office. Before ...

  9. Latest yuan rush may not be a fast road to riches

    Posted Aug 15th 2010, 12:00am by Enoch Yiu

    ... Kong dollar time deposit would have got me at the time,' says the finance executive. But that was then. As for the new products that have come into the market in the past two weeks, she ... Bank. The response of consumers has been quick and strong. 'Our yuan certificate of deposit sold out within an hour of the launch,' said Francesca McDonagh, head of personal financial ...

  10. Banker to poor gives nothing away

    Posted Sep 12th 2004, 12:00am by Peter Kammerer

    ... in the world. To them, the idea is revolutionary. Mr Bussau was invited by North Korea's finance ministry to set up the six-month pilot project, which has 300,000 euros (HK$2.85 million) of joint ... Korea is that I personally believe there will be reunification sooner or later between North and South,' Mr Bussau, 63, told the Sunday Morning Post from his Sydney office. 'At ...




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