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  • November 21, 2014
  • Last updated: 4:42pm
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  1. Hongkong and Shanghai Hotels reports 82pc net profit plunge

    Posted Jul 25th 2003, 12:00am by Sandy Li

    ... operating profit was down 44 per cent to $168 million. Operating profit from Hong Kong, the group's core profit contributor, dropped 37 per cent to $200 million while its US business recorded ... Group hopes to pursue insurance claim to recoup Sars-induced business losses Hongkong and Shanghai Hotels (HSH) is seeking legal advice on a potential insurance claim to recoup business ...

  2. Business - Money - LISTINGS

    Rail design firm secures backers for share offer

    Posted Jun 25th 2014, 02:37am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Move by new business friendly government draws ire of global drugmakers still reeling from price reductions last year Rail design firm secures key share investors Five cornerstone investors have committed to put US$70 million into Beijing Urban Construction Design & Development Group's (BUCDD) initial public offering in Hong Kong, according ...

  3. Still the place to be for business

    Posted Aug 13th 2008, 12:00am by Sandy Li

    ... as long as its earnings could support the rentals. 'Why not stay in Central when it is the most convenient place for business? There is no reason for us to move away from CBD if we still make ... that was partly due to the increased space. The move to Central was taken while many other finance companies had decided to relocate their operations away from the core business district. 'Those ...

  4. Property - Hong Kong & China - C-SUITE

    Taubman Asia moves into shopping mall market in China

    Posted Jul 09th 2014, 05:02am by Sandy Li

    ... into the huge market Q&A Rene Tremblay, president of Taubman Asia, the Asian arm of US mall operator Taubman Centres, is responsible for driving Taubman’s shopping centre expansion in Asia-Pacific.  ... to speculate on the number of properties we will have. China is a huge market and we want to become a meaningful player. Naturally, we are monitoring all the opportunities present to us ...

  5. Dairy Farm expands despite soaring rents

    Posted Mar 01st 2005, 12:00am by Sandy Li

    ... is planning to increase its capital expenditure by more than 60 per cent to US$150 million for this financial year to December. Dairy Farm announced full-year net profit rose 96.78 per cent to US$251.3 million for the year to December, due to good growth across all the markets. It had raised US$107 million from the sale of an ice manufacturing business. A final dividend of 25 US cents ...

  6. Business - Companies - COMPANIES

    Sino Land moves into dishwashing to save Hong Kong restaurants money

    Posted May 19th 2014, 03:22am by Sandy Li

    ... the company would first target restaurants in the nearby area. "And we are now developing a logistics system with Polytechnic University. It will help us map out the fastest routes when we deliver the tableware back to our clients. The preparation is needed as we see the rapid development of the business," he said. The firm planned to open its second Perfect Wash Dishwashing ...

  7. Property - Hong Kong & China - PROPERTY

    Increase in land supply helps small developers compete with big firms

    Posted Jul 01st 2014, 04:11am by Sandy Li

    ... or auctions featured large chunks of property, Hoong said. "Today, the land market in Hong Kong is different. With more land supply, it gives us more chances to build up our land bank ... last year raised the acquisition cost for properties and increased risk in the business, he said. "With the decline in land values, we grabbed this opportunity to acquire government ...

  8. Developer goes back to basics

    Posted Sep 30th 2009, 12:00am by Sandy Li

    ... it was released 18 months ago. 'It proved to us that the business model was right as many expatriate employees are looking for units at monthly rentals of HK$3,800 to HK$6,000 against the background ... the plug on its Macau construction programme, has taught it to adopt a 'more resilient business model of focusing on local demand'. 'Before the announcement from Las Vegas Sands, ...

  9. Cost cuts, bookings help lift Priceline

    Posted Jul 26th 2003, 12:00am by Sandy Li

    ... executive hoped to achieve revenues this month of up to US$95 million as a result of accelerating growth in the company's hotel and rental car business. In the second quarter, priceline.com ... Priceline.com, controlled by Cheung Kong (Holdings) and Hutchison Whampoa, reported a US$7.68 million profit on revenues of $239.6 million for the three months ending June. President and chief executive ...

  10. Maureen Fung mixes shopping with business

    Posted Aug 24th 2009, 12:00am by Sandy Li

    ... that we adopted,' she said. 'Apm's success has prompted us to use this same formula on the mainland even as we adjust to market conditions which are different from that in Hong ... of setting up shop in decentralised areas away from Central, Tsim Sha Tsui and Causeway Bay. Many major retailers even refused to conduct site inspections of centres outside the core business ...




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