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  • November 28, 2014
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  1. Property - Hong Kong & China - LAND SALES

    Lohas Park sale takes MTR closer to hitting homes target

    Posted Nov 27th 2014, 05:01am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Lohas sale takes MTR closer to homes goal The MTR Corp yesterday sold a site in Lohas Park to Wheelock Properties at the lowest price in 10 years in that area. The sale of the 1,600-unit fifth phase residential project at Lohas Park puts MTR Corp on track to meet its land-sale target of providing 4,600 units for the three months to December. Along ...

    http://www.scmp.com/property/hong-kong-china/article/1649555/lohas-park-sale-takes-mtr-closer-hitting-homes-target
  2. News - Asia - TOBACCO

    India plans to restrict cigarette sales to those aged at least 25

    Posted Nov 27th 2014, 02:37am by AFP

    ... Agence France-Presse in New Delhi Expert panel proposes cigarette sales be restricted to those aged at least 25, the highest in the world, and that trade in single sticks be banned India to raise minimum smoking age Health campaigners have welcomed India's unprecedented plans to raise the age for tobacco purchases to 25 and ban unpackaged cigarette sales, calling them a major ...

    http://www.scmp.com/news/asia/article/1649424/india-plans-restrict-cigarette-sales-those-aged-least-25
  3. Property - International - UNITED STATES

    Pre-owned US home sales rise to one-year high

    Posted Nov 26th 2014, 05:23am by Bloomberg

    ... Bloomberg in Washington Sales pace of second-hand houses exceeds five million for the fifth consecutive month Existing home sales hit one-year high Purchases of second-hand homes ... that the sales pace topped 5 million. Prices also climbed, the association said. Employment growth and mortgage rates near historic lows are helping stir buying interest that will probably underpin ...

    http://www.scmp.com/property/international/article/1648586/pre-owned-us-home-sales-rise-one-year-high
  4. Business - Commodities - TAKEOVERS

    Hedge fund Senrigan Capital presses for vote on US$2.3b Yancoal bond sale

    Posted Nov 25th 2014, 05:29am by Reuters

    ... Reuters in Melbourne Fund presses for US$2.3b Yancoal bond sale vote A hedge fund asked Australia's Takeovers Panel to order Chinese-controlled Yancoal Australia to hold a vote on a planned US$2.3 billion bond sale in a bid to block Yancoal's parent Yanzhou Coal Mining from taking it over. The move by Senrigan Capital and its founder Nick Taylor, who owns Yancoal shares, ...

    http://www.scmp.com/business/commodities/article/1647981/hedge-fund-senrigan-capital-presses-vote-us23b-yancoal-bond
  5. Business - Companies - VEHICLES

    Nissan on track to hit sales target as Sino-Japan ties improve

    Posted Nov 24th 2014, 04:03am by NICK EDWARDS

    ... Nick Edwards in Singapore nick.edwards@scmp.com Carmaker pins hopes on a new model line-up to help reverse decline in mainland sales amid economic slowdown and intense competition Nissan ... financial year, the carmaker's vice-chairman Toshiyuki Shiga said. Nissan earlier this month cut its mainland sales forecast for this financial year to 1.27 million units from 1.4 million ...

    http://www.scmp.com/business/companies/article/1647174/nissan-track-hit-sales-target-sino-japan-ties-improve
  6. Business - Money - IPO

    Mixed Hong Kong IPO debuts as oil’s plunge casts shadow over market

    Posted Nov 28th 2014, 10:09am by Ray Chan

    ... bond-buying programme and delay its consumer sales tax planned for next year. Focus will be on market reaction to the unusually sharp plunge in the price of oil overnight. Resulting lower inflation outlook and more benign monetary policy outlook will push Asian rates down, said Dariusz Kowalczyk, a Hong Kong based economist at Credit Agricole CIB. CGN Power’s ongoing share sale has been well ...

    http://www.scmp.com/business/money/markets-investing/article/1650626/mixed-hong-kong-ipo-debuts-oils-plunge-casts-shadow
  7. Business - Companies - RESTAURANTS

    Three Hong Kong-listed restaurant chains said revenues up as consumption, food scandals hit China

    Posted Nov 28th 2014, 03:47pm by Toh Han Shih

    ... by the slowdown in retail sales growth and the specialty restaurants sector in Hong Kong, Lo said. “Entering the second half of the year, we maintain a cautious view on the company’s full-year ... profit-making stores in first-tier cities. The overall performance of the mainland China business has subsequently improved, with notable growth in same-store sales,” said Fairwood executive chairman ...

    http://www.scmp.com/business/companies/article/1650839/three-hong-kong-listed-restaurant-chains-said-revenues
  8. Business - Companies - INSURANCE

    Hong Kong insurers bullish amid influx of policy-buying Chinese tourists

    Posted Nov 28th 2014, 03:22am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Industry thrives on rise in policy-buying tourists Mainland tourists have driven up sales in the local insurance industry, with about 28 per cent of new life policies in the first half of this year bought by non-residents. While good for insurance sales, the trend could also lead to an increase in complaints of misselling, said credit rating agency ...

    http://www.scmp.com/business/companies/article/1650275/hong-kong-insurers-bullish-amid-influx-policy-buying-chinese
  9. Business - Commodities - DAIRY

    RRJ Capital and Bright Dairy in China to list joint dairy venture in 5 years

    Posted Nov 28th 2014, 12:23pm by Toh Han Shih

    ... international expansion, the company explained. RRJ’s equity injection in Holstan will drive the sales of Bright Dairy’s related products like animal feed, Bright Dairy said. RRJ’s equity injection ...

    http://www.scmp.com/business/commodities/article/1650689/rrj-capital-and-bright-dairy-china-list-joint-dairy-venture-5
  10. Lifestyle - Arts & Culture

    HK gallery's periodic offer of free space to unknown artists is a winner

    Posted Nov 28th 2014, 05:39pm by Charley Lanyon

    ... they saw is a different question; in the end, none of the artists was able to secure a sale. Still, Kwok and the artists say that wasn't the point. They argue the programme offers more than ...

    http://www.scmp.com/lifestyle/arts-culture/article/1650950/hk-gallerys-periodic-offer-free-space-unknown-artists-winner

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