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  • July 25, 2014
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  1. Business - Banking & Finance - MONETARY POLICY

    Beijing to reduce intervention in yuan when time is right, PBOC chief says

    Posted Jul 10th 2014, 03:07pm by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com Beijing pushes back as US treasury secretary calls for market-determined exchange rate Yuan intervention to ease when time right, says PBOC China will increase the flexibility of the yuan exchange rate and reduce intervention when conditions are ready, its central bank chief said yesterday. "We hope that market demand ...

    http://www.scmp.com/business/banking-finance/article/1551060/beijing-reduce-intervention-yuan-when-time-right-pboc-chief
  2. Business - Companies - LEGISLATION

    Workers' rights key for legislators in weighing up Hong Kong bankruptcy bill

    Posted Jul 07th 2014, 05:26am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Worker protection key in backing for 'Chapter 11' bill Employee protection will be a key consideration for lawmakers deciding whether to support the introduction of US-style Chapter 11 bankruptcy legislation in Hong ...

    http://www.scmp.com/business/companies/article/1548285/workers-rights-key-legislators-weighing-hong-kong-bankruptcy-bill
  3. Business - Banking & Finance

    OCBC edges nearer to Wing Hang full control

    Posted Jul 25th 2014, 01:35am by Bloomberg

    ... share bid price. The offer, made in April, has been accepted by shareholders including the family of Wing Hang's chairman Patrick Fung. "It's nice to see this moving in the right ...

    http://www.scmp.com/business/banking-finance/article/1558386/ocbc-edges-nearer-wing-hang-full-control
  4. Business - Companies

    NWS Holdings plans to buy majority stake in Guangdong highway operator

    Posted Jul 23rd 2014, 01:33am by CHIM SAU-WAI

    ... was subject to waiving the pre-emptive right to buy Zhejiang Highway's equity interest held by the other shareholder, Guangdong Province Road and Bridge Construction Development. The pre-emptive right will be waived if Guangdong Province Road does not exercise it by August 20. NWS said the purchase would be funded by internal resources and bank financing, with the total consideration ...

    http://www.scmp.com/business/companies/article/1557333/nws-holdings-plans-buy-majority-stake-guangdong-highway-operator
  5. Business - Economy

    South Korea embarks on big stimulus spree

    Posted Jul 25th 2014, 01:35am by Reuters

    ... and there is a social understanding right now that the economy has to be supported," said Kim Jong-su, an economist at Taurus Investment & Securities. "I feel that the measures will work." ...

    http://www.scmp.com/business/economy/article/1558530/south-korea-embarks-big-stimulus-spree
  6. Business - Comment - THE VIEW

    Measuring the global misery index

    Posted Jul 25th 2014, 01:29am by STEVE HANKE

    ... At present, Indonesia's score is 20, putting it right on the upper magnetic pole that signals structural economic reforms are urgently needed. Meanwhile, Narendra Modi, the newly elected prime ...

    http://www.scmp.com/business/article/1558515/measuring-global-misery-index
  7. Business - Comment - JAKE'S VIEW

    Trees just the start for axe swinging needed at West Kowloon arts hub

    Posted Jul 24th 2014, 12:21am by Jake Van Der Kamp

    ... was first mooted. Hong Kong University has two new ones and they are right up to mark. I went to a piano recital at one of them recently. More are coming. There was a time when the West Kowloon ...

    http://www.scmp.com/business/article/1557771/trees-just-start-axe-swinging-needed-west-kowloon-arts-hub
  8. Comment - Blogs

    Lenovo expands into smart devices

    Posted Jul 24th 2014, 04:43pm by Doug Young

    ... potential due to growing consumer awareness about air pollution in China. Whether or not Lenovo is the right company to sell these devices is a different matter, since air purifiers don't ...

    http://www.scmp.com/comment/blogs/article/1558225/lenovo-expands-smart-devices
  9. Business - Economy - LOGISTICS

    Logistics, crucial to commerce, are ripe for reform

    Posted Jul 23rd 2014, 10:45am by PATRICK LOW

    ... They may award contracts preferentially or grant exclusive supply rights. They may forbid traders from handling their own consignments, insisting that only licensed agents can provide service. Restrictions on foreign participation in the market for logistics services include straightforward entry restrictions and constraints on operating rights after entry. Or they may involve discriminatory ...

    http://www.scmp.com/business/economy/article/1557429/logistics-crucial-commerce-are-ripe-reform
  10. Business - China Business

    Yue Yuen workers go on strike at Zhuhai plant

    Posted Jul 23rd 2014, 01:33am by BLOOM

    ... better rights. Production at Yue Yuen's Dongguan factory resumed after the government ordered the company to rectify benefit payments to workers who have demanded more pay and employer ...

    http://www.scmp.com/business/china-business/article/1557400/yue-yuen-workers-go-strike-zhuhai-plant

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