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  • July 29, 2014
  • Last updated: 6:59pm
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  1. Business - Comment - LAI SEE

    Property agents will be watching this one closely

    Posted Jul 16th 2014, 12:58am by Howard Winn

    ... modestly describes it as "a stunning 2,400 square feet property with sweeping, panoramic harbour views on upper Stubbs Road in Mid-Levels." The property is clearly in a most suitable ... is also included in the sale. If Espinasse sells his property as a result of its exposure on Facebook this could start an uncomfortable trend for property agents.   Picture perfect Good to see ...

    http://www.scmp.com/business/article/1555016/property-agents-will-be-watching-one-closely
  2. Business - Companies - COMPANIES

    Swire chief eyes property, aviation shifts

    Posted Jul 28th 2014, 04:26am by NICK EDWARDS

    ... eyes shifts in aviation, property Swire Pacific's core property and aviation businesses face major structural shifts, chairman John Slosar said. Speaking in broad terms before Swire enters a so-called "quiet period" before half-year earnings due on August 14, Slosar told the South China Morning Post profits from the group's residential property trading operations were ...

    http://www.scmp.com/business/companies/article/1560750/swire-chief-eyes-property-aviation-shifts
  3. Business - Companies - REGULATION

    Money laundering law could extend to non-financial firms

    Posted May 28th 2014, 11:10am by Toh Han Shih

    ... of dirty-cash law tipped to broaden The Hong Kong government is expected to extend the law against money laundering- now applicable only to the financial sector- to lawyers, accountants, property ... in reports of suspicious transactions MICHAEL THOMAS, WOLTERS KLUWER Deane said it was possible that the law would be extended to other sectors, like lawyers, property agents, jewellers ...

    http://www.scmp.com/business/companies/article/1520235/money-laundering-law-could-extend-non-financial-firms
  4. Business - Money

    Government stands by best interest clause in proposed insurance law

    Posted Jul 21st 2014, 03:18am by Enoch Yiu

    ... lead customers to launch lawsuits and claims against intermediaries," he said. Tam suggested that the best interest provision not be included in the law itself, but added to the code ... not have a problem with it," Cheung said. "The Insurance Authority, after it is set up by the bill passed by lawmakers, will issue guidelines on the conduct requirements." The Law ...

    http://www.scmp.com/business/money/markets-investing/article/1556927/government-stands-best-interest-clause-proposed
  5. Business - Banking & Finance

    European banks to sell 584b euros of property assets

    Posted Jul 15th 2014, 01:31am by BLOOM

    ... to property in the first six months, 611 per cent more than a year earlier, the broker said in a report on Sunday. Transactions including foreclosure sales would reach a record €60 billion this year, ... billion, Cushman & Wakefield said. Cerberus was second with €6.3 billion of purchases. The €584 billion of non-core assets to be sold include loans, foreclosed properties and residential ...

    http://www.scmp.com/business/banking-finance/article/1554336/european-banks-sell-584b-euros-property-assets
  6. Business - Banking & Finance - FOREIGN EXCHANGE

    How do rich Chinese elude foreign exchange laws to move their money abroad? Take your pick of ways

    Posted Jul 10th 2014, 11:55pm by Keira Lu Huang

    ... money Chinese law limits individual citizens to the equivalent of US$50,000 per year in foreign exchange, meaning that anyone who wants to spend more than that overseas must look for alternative ... laws, the following seven methods are used to transfer money overseas. Family and friends Split the transfer among as many identities as possible. With 20 people, it's easy to transfer US$1 ...

    http://www.scmp.com/business/banking-finance/article/1551510/how-elude-chinese-foreign-exchange-laws-take-your-pick-ways
  7. Business - Banking & Finance - REGULATION

    BIS sees danger signs in property prices and credit growth

    Posted Jun 30th 2014, 01:40am by Reuters

    ... Reuters in Zurich BIS sees danger signs in property and credit Regulators should not dismiss "worrying" early signs of unsustainable property price and credit growth, which could leave borrowers vulnerable to interest rate rises or sharp downturns, the Bank for International Settlements said yesterday. The global forum for central banks said rock-bottom official interest ...

    http://www.scmp.com/business/banking-finance/article/1543248/bis-sees-danger-signs-property-prices-and-credit-growth
  8. Business - Property - THE VIEW

    Hong Kong needs to think out of the box on rents

    Posted Jul 28th 2014, 04:26am by Peter Guy

    ... moment and represent a cruel metaphor for the property problems that beset the city. And here is the punchline- there's a good chance of a higher standard of living as an inmate at Stanley ... expense, three decent meals each day, excellent medical care and access to an array of support services from charity organisations. So distorted has our economy become from runaway property prices ...

    http://www.scmp.com/business/article/1560685/hong-kong-needs-think-out-box-rents
  9. Business - Companies - COMPANIES

    BlackBerry recovery progresses but gets no buyout offer

    Posted Jul 29th 2014, 01:26am by BLOOM

    ... taking over the company in November last year, Chen has been winning over investors with a turnaround strategy that has included cutting costs, selling most of the company's property ...

    http://www.scmp.com/business/companies/article/1561393/blackberry-recovery-progresses-gets-no-buyout-offer
  10. Business - Economy - POVERTY

    What the minimum wage failed to do

    Posted Jul 29th 2014, 11:48am by Richard Wong

    ... in more than 100 countries. Most economists oppose minimum wage laws because they increase unemployment – particularly among workers with very low productivity owing to inexperience or handicap ... of the public, it is essential that empirical evidence be brought to examine whether the objectives are being met as intended or not. Hong Kong enacted a minimum wage law in May 2011. Has this helped ...

    http://www.scmp.com/business/economy/article/1561731/what-minimum-wage-failed-do

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