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  • October 20, 2014
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  1. Office investors gain more bargaining power

    Posted Jul 09th 2008, 12:00am by Yvonne Liu

    ... Yvonne Liu Hong Kong's office market has entered a consolidation phase after a strong run-up in prices, handing the advantage in haggling over deals to buyers, say property agents. ... quarter of last year and again in the first quarter of this year, taking prices in Admiralty, Central and Sheung Wan to new record highs above the levels reached after the financial crisis ...

  2. Financial chaos leads ING back to the basics

    Posted Mar 09th 2009, 12:00am by Enoch Yiu

    ... to cut back expenses by Euro1 billion this year. This includes laying off 7,000 employees and selling some non-core operations in Taiwan and Canada. As part of cost-cutting measures, ING ... reserves to prepare for a new economic downturn. On the cost side, we will introduce a range of measures this year to cut costs by Euro1 billion, including cutting 7,000 jobs. This will make sure ...

  3. Hong Kong's finest toys set to take centre stage in museum

    Posted Jan 24th 2011, 12:00am by Denise Tsang

    ... are in talks to organise a three-month toy exhibition at the council's recently built 7,000 square foot Hong Kong Design Institute Gallery in Tseung Kwan O at the end of the year. The planned ... in Hong Kong,' said Yeung Chi-kong, a Hong Kong Toy Council committee member and a toy maker for about 48 years. 'The toys combined successful design, creativity, imagination ...

  4. Record fall in Peak home prices as global financial crisis bites

    Posted Feb 18th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu Property prices on The Peak slumped 41.4 per cent in the final three months of last year compared with the previous quarter. The fall was the biggest on record in Hong Kong's luxury real estate market- worse even than during the 1997-98 East Asian financial crisis- underscoring the seriousness of the global economic slump. In the final three months of 1997, ...

  5. Crisis, consent failure spell end for CKI iron sands deal

    Posted Dec 18th 2008, 12:00am by Denise Tsang

    ... Hongkong Electric Holdings would see its returns on regulated power supply in Hong Kong cut by as much as 25 per cent next year. Hongkong Electric, a supplier of power to Hong Kong and Lamma ... Denise Tsang Cheung Kong Infrastructure Holdings' (CKI) plan to take over an iron sands mining business in New Zealand for NZ$250 million (HK$1.13 billion) collapsed yesterday, ...

  6. Noble Group boss named businessman of the year

    Posted Dec 04th 2009, 12:00am by Mukul Munish

    ... Mukul Munish Richard Elman, chief executive of Noble Group, was yesterday named Business Person of the Year at the DHL/SCMP Hong Kong Business Awards. This year marks the 20th anniversary of the inception of the business awards. Elman was credited with successfully steering and strengthening Noble Group during last year's worst global financial crisis in over eight decades. He ...

  7. Wilmar picks Hong Kong over Shanghai for US$4b float

    Posted Jul 20th 2009, 12:00am by Naomi Rovnick

    ... Naomi Rovnick and Wong Ka-chun Singapore-based agribusiness group Wilmar International has elected to float shares in its mainland subsidiary on the Hong Kong market in preference ... the Hong Kong share sale, which is tipped to raise US$3 billion to US$4 billion. 'The deal has moved from a feasibility study to 'let's execute this as soon as we can',' ...

  8. Are Hong Kong shares worth their high prices?

    Posted Nov 01st 2009, 12:00am by Stephen Vines

    ... with the exception of the largely domestic Japanese stock exchange. International investors have long placed a higher risk premium on the Hong Kong market because of uncertainties over China's ... York. The situation with yields is also abnormal. Average yields in the Hong Kong market today range between 2.5 and 3 per cent. This compares with almost 7 per cent a year ago and places Hong ...

  9. StanChart seeks people amid crisis

    Posted May 09th 2009, 12:00am by Staff Reporter

    ... Standard Chartered's recent decision to tap qualified and experienced relationship managers from the market to join its premium banking division in Hong Kong may just be what ... clients' portfolios,' Ms Liew said. The role of a relationship manager has grown in complexity over the years with wealthier and savvier investors now seeking advice on how to navigate ...

  10. Celestial Asia shares surge on asset sale plan

    Posted Mar 14th 2009, 12:00am by Staff Reporter

    ... financial service providers' cash situation amid the deepening financial crisis, so if [Celestial Asia] can raise cash by selling assets, it will be good news,' said Yiu Chin, a director of financial analysis at Altruist Financial Group. Celestial Asia and Hong Kong-listed CASH have been hit hard by the recent market meltdown, as investors have stepped to the sidelines. The two firms ...




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