• Sat
  • Nov 1, 2014
  • Updated: 7:40am

Anita Lam

Profit warnings cast pall over reporting season

From smaller players to industry leaders, about 230 or 15 per cent of Hong Kong-listed firms have warned of sharply lower interim profits - and even losses - since April and analysts say the worst is yet to come.

Wednesday, 18 July, 2012, 12:00am

KMB may seek fare rise after HK$16m loss

Kowloon Motor Bus says it may have to apply for a fare rise again soon after the government rebuffed its suggestion that public money be used to create a fare-stabilisation fund.

19 Aug 2011 - 12:00am

Big losses forecast if project fails to take off

Hong Kong stands to lose HK$480 billion worth of economic benefits over the next 50 years if the airport does not have a third runway in 20 years' time, according to Airport Authority calculations.

3 Jun 2011 - 12:00am

China Flooring wants to head West after float

China Flooring Holding, which hopes to raise up to US$300 million in an initial public offering next week, plans to tap overseas markets with its own brand after growing its business at home.

11 May 2011 - 12:00am

Despite new tax, record 4,100 permits issued for drivers

A record 4,100 new driving permits for private cars were issued in Hong Kong last month, as motorists shrugged off a rise in first registration tax of 15 per cent - raising doubts over the policy's effectiveness in stemming a surging growth in car ownership.

25 Apr 2011 - 12:00am

Profiteers cash in on cross-border vehicle licences

Guangdong authorities' attempt to end the illicit trade in cross-border licences has sharply increased the cost of driving a Hong Kong-registered vehicle on the mainland.

12 Apr 2011 - 12:00am

Zheng Tong aims for 44 new stores

Hong Kong-listed luxury car dealer Zheng Tong plans to open 44 new stores in the next two years despite an expected slowdown in the mainland market, where authorities are seeking to restrain car ownership to ease traffic jams. Executive director Wang Kunpeng said the policies should affect the middle and lower-end markets more than the luxury sector. The company now has 24 retail shops.

15 Mar 2011 - 12:00am

Investment firm turns attention to US

Asia Financial will focus more of its equity investment on the United States as mainland stock values fall due to high inflation. The company's net profit dropped 18.6 per cent last year, although core earnings from the group's insurance business jumped 14.9 per cent to HK$92.9 million.

3 Mar 2011 - 12:00am

KMB pay-rise talks settled

Pay-rise negotiations between drivers and Kowloon Motor Bus were resolved yesterday after management promised an increase of 1.8 per cent for all staff and a special bonus of HK$100. Lower-paid staff who joined the company after January 2004 will also receive a special bonus of up to HK$2,000 during the Lunar New Year. One union threatened industrial action, saying the rise was too low.

24 Jul 2010 - 12:00am

400 protest over delay in project

Nearly 400 people marched in Central yesterday demanding that the government speed up construction of the Sha Tin-Central rail link.

12 Jul 2010 - 12:00am

Exco takes action to curb increases in bus fares

The Executive Council yesterday approved removing an element of the bus fare adjustment formula that officials believe may have been contributing to fare rises. The bus operator's 'productivity gain' will be taken out for the next three years. Exco rejected demands by bus companies to add the cost of fuel to the formula.

9 Dec 2009 - 12:00am

Surge in complaints over buses

Complaints against franchised buses jumped by more than 50 per cent to 840 from the second quarter to the third, while those against minibuses increased 40 per cent to 979. Most gripes were over poor service. The total number of traffic complaints from July to September was 4,701, including 80 over traffic jams in parts of Kowloon.

26 Nov 2009 - 12:00am

14 villagers released without charge

All but one of the 15 villagers arrested for contempt of the Legislative Council for disrupting proceedings on September 17 were released yesterday without charge. Bail was extended for Tsoi Yuen Chuen concern group leader Ko Chun-heung, who must report to the Waterfront police station on December 17. The group is fighting forced relocation for the high-speed rail link to Guangzhou.

21 Nov 2009 - 12:00am

MTR to reward considerate passengers

Rail passengers who offer their seats to the elderly or needy will win a free single ticket if their considerate behaviour is spotted by MTR staff during a campaign to promote such behaviour that will run for the entire month of November. Two seats near each train door will be designated as priority seats for the elderly, pregnant women and anyone in need.

31 Oct 2009 - 12:00am

Taxis must register airport bookings

In a new measure to beat the so-called discount gangs, New Territories taxi drivers picking up passengers by appointment at the airport must first register their client's flight number and particulars with the Airport Authority. Each driver can make only one appointment per shift.

10 Oct 2009 - 12:00am

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