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  • October 31, 2014
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  1. Genting HK swings to profit as casino business picks up

    Posted Aug 31st 2010, 12:00am by Staff Reporter

    ... of group revenue. Revenue from passenger ticket sales rose 23.5 per cent to US$50.48 million. Profitability was improved at the Asian cruise business through a renewed focus on cost cutting, ... of US$11.32 million in the first half compared with a loss of US$35.26 million a year earlier. Sales, mainly gaming revenues from onboard casino operations, rose a modest 5.1 per cent to US ...

  2. AIG says non-life insurance business not for sale

    Posted Dec 01st 2008, 12:00am by Staff Reporter

    ... and profitable,' said Leslie Mouat, regional president for AIG's non-life business in Southeast Asia. The comments come amid concerns that the US firm is offloading some of its assets in Asia as part ... would be critical, Mr Mouat said, adding that the company was seeing retention levels return to normal. About US$4.6 million was lost from existing business in the early days of the financial ...

  3. Huawei halts sale of handset business stake

    Posted Oct 09th 2008, 12:00am by Staff Reporter

    ... Frederick Yeung Huawei Technologies, a mainland telecommunications equipment vendor, has put on hold the US$4 billion sale of a stake in its handset business because of volatile market ... business, valued at US$4 billion. Bain Capital and Silver Lake were the two final bidders and Huawei had planned to announce the winner this week, according to mainland media. Sources said ...

  4. Busy lifestyles a nail in homeware retailer's coffin

    Posted Jul 13th 2009, 12:00am by Staff Reporter

    ... the border, too. Kingfisher's China business, including the Hong Kong store, lost GBP52 million (HK$653.68 million) last year, widening from a GBP17 million deficit a year earlier. In the first ... for new apartment fit-outs as well as overexpansion. 'The global financial crisis has had a profound impact on companies across all industries. For B&Q, the weakening business climate ...

  5. Turning a struggle to survive into business success

    Posted Oct 29th 2008, 12:00am by Annabel Walker

    ... they can concentrate on their business.' ICS Trust clients tend to be companies that have minimum sales of US$10million to US$20million a year that want to expand in Asia, particularly ... to start your own business, but given the choice, most people would want to be prepared. Perhaps to have researched the market, stored up capital to fall back on, secured some premises and planned ...

  6. Brokers bleed amid stock downturn

    Posted Jul 22nd 2004, 12:00am by Elaine Chan

    ... its asset worth plunge to a negative 175 million yuan during the six-month period, as it chalked up losses totalling 265 million yuan alone from its business of managing financial assets ... Chinese firms now opt to list overseas, cutting back securities firms' underwriting business.' The weak sentiment has compelled brokerages to either reduce trading hall areas ...

  7. Low-tech keeps China chip firms busy

    Posted Apr 08th 2004, 12:00am by Michael Logan

    ... six-inch wafer facilities and one eight-inch wafer plant in the US. It also has four-, five- and six-inch wafer plants in South Korea. 'We want to expand our presence in China,' ... by electronics, home appliances and other devices, and its customers include mainland manufacturers such as Haier, Lenovo, TCL, Konka and Changhong. The company generated about US$300 million in mainland ...

  8. Sinotrans consolidates express business

    Posted Jul 26th 2003, 12:00am by Annette Chiu

    ... Group would inject core businesses into the listed company, among which was the express service business. The total investment capital of the joint venture with UPS was US$1.3 million ... H share Sinotrans has moved a step closer to putting all express business under a subsidiary by transferring interests in an express delivery joint venture from its mother company. ...

  9. Low-tech needs keep China chip firms busy

    Posted Apr 08th 2004, 12:00am by Michael Logan

    ... chip-making tools to the mainland. The company runs three six-inch wafer facilities and one eight-inch wafer plant in the US. It also has four-, five- and six-inch wafer plants in South Korea. ... generated about US$300 million in mainland sales last year, or about 21 per cent of its global revenue. The China market is increasingly important to Fairchild as the mainland consolidates its ...

  10. Business digest

    Posted Nov 13th 2004, 12:00am by Staff Reporter

    ... It also added eight new shops in China under its sub-franchising business model, bringing its mainland total to 11. Georgina Lee huawei technologies raises US$360m via loan Huawei Technologies, ... in business during the first half of the year. Joyce Boutique said net profit surged 11 times to $18.1 million for the six months to September, from $1.5 million a year ago, thanks ...




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