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  • September 20, 2014
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  1. A question of nationality for young people

    Posted Dec 02nd 2008, 12:00am by Staff Reporter

    ... The Sunday Morning Post visited 12 bank branches and asked the same set of questions about setting up a savings account for 'a Pakistani friend'. Answers we got varied, even from branch to branch of the same bank. Some banks said all applications were treated the same. Most said there might be some difficulties involved, and some banks urged the Post to go to another bank. Staff ...

  2. It's no fairytale, Post Office knows how to deliver in e-mail era

    Posted Aug 30th 2005, 12:00am by Enoch Yiu

    ... It is heart-warming.' To encourage more letter-writing and in celebration of the bicentenary of the birth of children's author Hans Christian Andersen, Hongkong Post in March invited young people to write ... the popularity of electronic communications, Hongkong Post postmaster-general Allan Chiang Yam-wang rejects the idea that e-mails may replace letters one day. 'E-mails can never convey the personal ...

  3. ZTE posts weak 150.9m yuan profit

    Posted Apr 27th 2012, 12:00am

    ... Bien Perez bien.perez@scmp.com ZTE, the world's fifth-biggest supplier of telecommunications equipment, appears to show no signs of improved profitability after posting a weak net profit in the first quarter. In a report published yesterday, Bernstein Research warned that ZTE could face 'liquidity concerns in the medium term' if the mainland company continues ...

  4. Bank chief tight-lipped on post in government

    Posted Feb 29th 2012, 12:00am

    ... Brokers and fellow bankers have speculated that Leung's sudden retirement announcement may pave the way for her to take up the job of financial secretary or another senior post with the new ...

  5. Bocom posts 31pc profit rise; warns on bad loans

    Posted Oct 28th 2011, 12:00am

    ... Daniel Ren in Shanghai ren.wei@scmp.com Bank of Communications, the mainland's fifth-largest lender, posted a 31 per cent jump in profit for the third quarter, driven by a higher net interest margin and soaring fee-based income. But the Shanghai-based lender, in which HSBC owns a 19 per cent stake, admitted that rising disputes on home prices between developers and buyers would ...

  6. Sunlight REIT posts 41.8pc rise in income

    Posted Sep 06th 2011, 12:00am

    ... it said. A source familiar with the situation said the service provider mistakenly sent the results to another unrelated client. Sunlight, which has eight retail and 12 office properties, posted ...

  7. Sinopec posts 24.5pc rise in net profit

    Posted Apr 29th 2011, 12:00am

    ... Eric Ng China Petroleum & Chemical (Sinopec), the nation's second largest oil and gas producer, posted a 24.5 per cent year-on-year rise in first-quarter net profit to 20.5 billion yuan (HK$24.4 billion). The profit growth was mostly due to a 19.4 per cent increase in the average oil price to around US$86.80 a barrel, though output fell 5.8 per cent year on year ...

  8. Mainland banks post improved first quarter

    Posted Apr 28th 2011, 12:00am

    ... income improved earnings. Agriculture Bank, the third-largest mainland bank by assets, beat market expectations and posted a net profit of 34.07 billion yuan (HK$40.58 billion) for the first ... also beat market expectations to post a net profit of 6.26 billion yuan for the first quarter, up 46 per cent from last year. Minsheng said the increase in profit was 'attributable ...

  9. DBS unit posts growth although goodwill charge hits earnings

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

    ... Isabella Steger The Hong Kong operations of DBS Group Holdings, Singapore's largest bank, posted a 36 per cent increase in interim net profit despite booking a one-time goodwill impairment charge and expenses related to compensation over products linked to Lehman Brothers. Net profit in the first six months rose to HK$1.36 billion from HK$1 billion a year earlier. However, ...

  10. PetroChina posts record operating profit on fuel price reform

    Posted Jul 16th 2009, 12:00am by Eric Ng

    ... analysts said operations in the downstream petrochemical industry would remain challenging in the remainder of the year. Sinopec posted a first-quarter chemical operating profit of 2.71 billion yuan, a major turnaround from a loss of 13.1 billion yuan last year. Owing to lower crude oil prices, analysts expect PetroChina to post a 19 per cent fall in net profit to 92.71 billion yuan ...




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