Business

Double stamp duty on non-residential premises will hit businesses hard

Photo: AP

With limited supply and rife speculation, the cost of property in Hong Kong is notoriously high, which seriously challenges the city's economic development and the public's standard of living.

Thursday, 7 May, 2015, 12:48pm

Democracy no barrier to investment

Hong Kong Chief Executive Leung Chun-ying (left) takes oath in front of Chinese President Hu Jintao during the inauguration of the new government in Hong Kong. Photo: Reuters

Anson Chan gave an excellent talk recently about the future for democracy in Hong Kong.

The Basic Law defines universal suffrage as the right of each citizen to vote and to be elected to public office.

10 May 2013 - 4:50am 2 comments

African companies in fear of China's corporate invasion

Xi Jinping with South African leader Jacob Zuma. Photo: EPA

Bafana Ndendwa has conflicting feelings when he sees the increased presence of Chinese companies in Africa. On one hand, the managing director of a construction company in South Africa believes companies such as his can learn from their Chinese counterparts who are doing business in the continent. On the other hand, those companies are cutting into his profits.

7 May 2013 - 5:39am 1 comment

Chongqing showing Hong Kong it's back in business after Bo scandal

Huang Qifan

Chongqing mayor Huang Qifan will lead a large business delegation to Hong Kong early next week to attract new investment as the mainland city seeks to rebound from the scandal-tainted era of its former party boss Bo Xilai.

10 Apr 2013 - 5:50am

Standard work hours 'won't cost more' in the long run

Standard work hours 'won't cost more' in the long run

Legislating standard working hours will not result in a rise in business costs in the long run as companies will look for ways to rearrange work flow in a more efficient manner, an expert with International Labour Organisation has said.

1 Apr 2013 - 10:31pm 2 comments

Retirees to Guangdong are golden opportunity: John Tsang

Great golf in Zhongshan, says John Tsang. Photo: Edward Wong

Hongkongers have been tipped-off about opportunities in the silver-haired market in Guangdong by Financial Secretary John Tsang Chun-wah. After a visit to Zhongshan, Tsang blogged that cheap accommodation, a low cost of living and brilliant golf facilities were attracting retirees to the mainland city.

1 Apr 2013 - 5:06am

Book review: Singapore's Lost Son, by Kaiwen Leong

Book review: Singapore's Lost Son, by Kaiwen Leong

After Singaporean Kaiwen Leong was sexually assaulted at age 10, his life spiralled downwards.

18 Feb 2013 - 4:04pm

Small is beautiful when it comes to making it big in business

Hongkongers seeking a good living are being offered the chance to become "seed planters, not bean counters" in a university programme aimed at encouraging entrepreneurs. Small and medium-sized enterprises (SME) account for about 98 per cent of the city's economy and provided 47 per cent of total employment - excluding the civil service - at the end of last year, according to the Trade and Industry Department.

16 Feb 2013 - 3:46am

Business is blooming for entrepreneurial Beijing florist

Cao Xue is always thinking of new ways to ensure his business in Beijing is coming up roses. Photo: SCMP

After nearly a decade of hard work and literally digging in for the long haul, everything is coming up roses for Cao Xue, a 26-year-old florist in Beijing who has carved out a niche for himself in the industry. Cao specialises in weddings, parties and galas. He opens up about how the mainland flower business has slowly developed over the years but continues to lag behind other countries.

3 Feb 2013 - 6:19am

Lenovo to rev up smartphone and premium laptop PC sales

Lenovo will step up the international expansion of its smartphone business and sales of premium-priced laptop computers. Photo: AP

The technology giant yesterday reported a 34 per cent net profit increase in its fiscal third quarter ended December 31 to a record US$204.9 million, up from US$153.4 million a year earlier.

31 Jan 2013 - 5:38am

Dragonair revamps its business and economy cabins

Patrick Yeung shows off Dragonair's new seats. Photo: K.Y. Cheng

Dragonair is spending hundreds of millions of dollars revamping its business and economy class cabins as it expands its fleet, recruits extra cabin and flight crew, and adds new destinations.

25 Jan 2013 - 4:56am

Barclays axes Hong Kong investment banking jobs

Barclays may pay up to three months' salary to the staff being made redundant. Photo: Bloomberg

Barclays, Britain's second-biggest lender, began to cut more than 80 employees in its Asian offices yesterday, as part of the firm's global efforts to downsize its investment banking business.

25 Jan 2013 - 4:54am

Proview staves off Hong Kong delisting

Proview plans to jump-start its operations. Photo: Bloomberg

Proview International has avoided delisting from the Hong Kong stock exchange, following a review of the company's proposed initiative to jump-start its operations.

24 Jan 2013 - 4:58am

Foxconn arm flags profits warning as customer demand falls

Foxconn International Holdings has flagged a profit warning for the full year of 2012. Photo: EPA

Foxconn International Holdings (FIH), part of Taiwan's Hon Hai Precision Industries, has flagged a profit warning for the full year of 2012, continuing its losses from the first half.

24 Jan 2013 - 4:58am

Why Hong Kong needs an entirely new approach to industrial property

Very few of Hong Kong's factory buildings, such as these in Wong Chuk Hang, have high vacancy rates. Photo: SCMP

The main focus of last week's policy address was on increasing residential land supply, which was entirely expected as much of the government's activity and key policy announcements have been directed towards the residential market.

23 Jan 2013 - 4:47am

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