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  1. Money dealers shut up shop on the yuan

    Posted Jul 22nd 2005, 12:00am by Anita Lam

    ... mainland customers' appetites for consumption,' said Bowie Cheung Mei-ling. 'I hope this will bring us more business.' Ken Tsang, who manages a goldsmith's shop nearby, said the appreciation in the yuan was small and would not have much impact on business. 'We have been offering a $1 to 1 yuan exchange rate to mainland customers all along anyway,' Mr ...

  2. Business - Companies - ENERGY

    Towngas to spin-off business 'when time is ripe': CEO Peter Wong

    Posted Oct 21st 2013, 03:56am by Anita Lam

    ... to spin off HK supply business Hong Kong and China Gas, known as Towngas, will spin off its Hong Kong gas-distribution business into a separately listed company when the time is ripe, according ... distributor, Hong Kong Electric. Li is reportedly seeking to raise as much as US$5 billion. Wong said Towngas was in no hurry to spin off its division. Wong, who took over as CEO in February, said ...

  3. Ease Mongkok 'with flyovers, tunnels'

    Posted Nov 02nd 2005, 12:00am by Anita Lam

    ... Or Cho-kwan, said. 'It will not only cause us inconvenience, but business is destined to drop. Customers who would have parked their cars outside our shop for a quick stop would no longer come ... overall, if the proposal went ahead. 'The proposal will wipe us out of business, it is totally unacceptable. If all vehicles except buses are to be banned from using Nathan Road, the entire ...

  4. Li & Fung to shed 150 HK jobs as US firms go down

    Posted Nov 19th 2008, 12:00am by Anita Lam, Dennis Eng

    ... laid off. Affected staff were expected to be mostly those servicing troubled US customers, like bankrupt department store chain Mervyns and retailer Goody's Family Clothing. The company derives about 60 per cent of its business from the US. Mr Fung said that since the company had already absorbed more than 80 staff internally, the number of redundant positions could have been ...

  5. Tsang apologises for lost customers

    Posted Dec 21st 2005, 12:00am by Anita Lam

    ... that they are going to bring us more business,' the owner of the crab shop, Stephen Chu Kar-cheong, said. 'But at least it shows they care a bit and they want things to be better.' But others ... Anita Lam Chief Executive Donald Tsang Yam-kuen apologised yesterday to businesses in Wan Chai and Causeway Bay for damage to their trade during the World Trade Organisation conference- ...

  6. Business - Economy - SHIPPING

    US industry revival aids shippers as fewer empty containers cross Pacific

    Posted Oct 21st 2013, 03:56am by Anita Lam

    ... remains distant with the US trade deficit remaining wide. Bronson Hsieh Chih-chien, senior vice-chairman of Taiwan-based Evergreen Group, which operates airline and shipping businesses, told ... Anita Lam in Shenzhen anita.lam@scmp.com An increase in exports over the long run will reduce the number of empty containers shipped back to China but US trade gap remains wide U.S ...

  7. Business - Companies - ANALYSIS

    Li & Fung has work to do to convince sceptics

    Posted Aug 14th 2013, 12:00am by Anita Lam

    ... Anita Lam anita.lam@scmp.com Aside from trading, analysts have concerns over the nascent branding and distribution business Li & Fung has work to do to convince sceptics Global trader ... as three times that of the first half. The company's underlying profit remained flat at US$223 million in the first six months of this year and made up less than a quarter of its target ...

  8. More demonstrations likely: lawmaker

    Posted Mar 02nd 2006, 12:00am by Anita Lam

    ... to the city by taxi costs around $300, but private vans can make it as low as $100, as they don't have to pay for a licence. Do you think it is fair to us?' He said taxi drivers' business has plummeted by almost 30 per cent in recent years. Drivers were earning $300 to $400 less per shift. 'Current legislation is only good to prosecute those who solicit customers ...

  9. Legco nod for new green taxi fare scale

    Posted Dec 12th 2008, 12:00am by Anita Lam

    ... by the Executive Council. Drivers of green taxis have complained they are losing business to urban taxis, which have already adopted a similar fare system. But yesterday's endorsement ... history. Your method of consultation doesn't work,' he said, referring to a plan to cut the fares of green taxis during Sars in 2003, when taxi business plunged. Ten taxi associations ...

  10. Business - Banking & Finance

    Bloomberg privacy breaches raise red flags: experts

    Posted May 15th 2013, 10:30am by George Chen, Phila Siu, Anita Lam

    ... triggered fears at Wall Street firms about the privacy of sensitive data, as well as at the Fed and other US government departments that use Bloomberg terminals. Central banks have queried the matter , with the Bank of England describing the practice as “reprehensible”. Central banks examining the matter include US Federal Reserve, the European Central Bank, the Bank of Japan, the Bank ...




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