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Earful

China carriers push for IPTV services

PC penetration in China stands at below 5 per cent, but the country's two fixed-line carriers are already offering innovative services to win telephony customers over to broadband service.

Tuesday, 12 April, 2005, 12:00am

Valuair takes the lead with flight to Chengdu

Valuair is set to become the first budget airline to fly to an inland Chinese province, with a new Singapore-Chengdu route scheduled to take off in two weeks.

The Singapore-based carrier also announced plans to expand its mainland footprint by adding a second destination in the Pearl River Delta, possibly before the end of the year.

11 Apr 2005 - 12:00am

British bank on verge of BOC deal

Royal Bank of Scotland in advanced talks to take 15pc to 20pc interest worth up to US$4b in the mainland's No2 lender

Royal Bank of Scotland (RBS) is understood to be in advanced talks to take a 15 to 20 per cent stake in Bank of China (BOC) in what will be the largest single foreign equity acquisition in the mainland's banking sector to date.

9 Apr 2005 - 12:00am

Caution rules as selective buying props up blue chips

Sentiment lifts but concerns over interest rates and oil prices keep investors wary

Stocks edged higher yesterday in thin trade as improving - although still cautious - sentiment led to selective buying in blue chips.

The Hang Seng Index closed up 40.09 points, or 0.3 per cent, at 13,602.35, after fluctuating between 13,538.4 and 13,619.87.

8 Apr 2005 - 12:00am

Lai See

UNFORGETTABLE PRICE MEANS NEW LADY OF KOWLOON WILL BE ADMIRED FROM AFAR

She may be the face we can't forget,

A trace of pleasure or regret,

May be our treasure or the price we have to pay ...

Sun Hung Kai Properties kicked off the marketing campaign for its Arch project with the classic track She by Charles Aznavour.

8 Apr 2005 - 12:00am

Speculators in rush to dump holdings

Banks are raising interest rates and investors are offering gifts of cars and plasma TVs to hasten sales

Speculators are moving quickly to dump large holdings of flats as rising interest rates look likely to cause a potential sea change in the investing environment.

6 Apr 2005 - 12:00am

TOTAL RECALL

Data is king for the new 'file viewer' CDMA-standard mobile phones unveiled by Samsung Electronics last week in Seoul. The new models, SPH-V6500 and SCH-V650, allow users to view images, such as JPG-format pictures, PDF-format files, Microsoft Word and Excel files.

5 Apr 2005 - 12:00am

Steel firms resist BHP surcharge

Sixteen leading mainland steelmakers have rejected Australian mining giant BHP Billiton's proposed US$7.50 to US$10 per tonne surcharge on iron ore in an escalating test of wills between suppliers and consumers, as global demand soars and prices hit records.

5 Apr 2005 - 12:00am

New World back with a vengeance

The former blue chip sets its sights on expansion and regaining investor trust after turning around with a huge profit

Things could hardly have gone worse for New World Development (NWD) in 2003 after the property titan was booted out of the Hang Seng Index after having been a blue chip for 30 years.

4 Apr 2005 - 12:00am

Higher room rates provide hotels with strong reason to celebrate

Although hotel results for January do not quite confirm the time is right to break open the champagne, they at least suggest the glasses can be set out.

January is an awkward month to review because it was the month in which the Lunar New Year fell last year. Custom for hotels usually drops during the month in which the holiday falls.

4 Apr 2005 - 12:00am

Value of region's first-quarter deals reaches US$36b

Korea and Indonesia star, while China attracts a high number of transactions

The value of Asian mergers and acquisitions totalled US$36.1 billion in the first quarter, the highest level since mid-2003, a report says.

4 Apr 2005 - 12:00am

Regional markets still waiting to roar

At the end of last year, Asian markets were abuzz with talk about bulging equity pipelines and a series of sizeable deals to feed investors hungry for regional equities.

Three months into the year, it seems the lion has yet to roar.

2 Apr 2005 - 12:00am

Cashed-up Lenovo now ready to swallow IBM unit

With US$950 million pouring into its war chest over the past eight days, mainland computer giant Lenovo Group has put fund raising on the backburner and started moving to conclude its acquisition of IBM's personal-computer business.

1 Apr 2005 - 12:00am

Lai See

LI says mags write Goebbel-di-gook

At his company results conferences, tycoon Li Ka-shing always insists that reporters identify themselves and their media organisations, setting the stage for a rant whenever a journalist from one of Jimmy Lai Chee-ying's flagship publications, Apple Daily or Next Magazine, takes to the mike.

1 Apr 2005 - 12:00am

Lenovo ready to swallow IBM unit

With US$950 million pouring into its war chest over the past eight days, mainland computer giant Lenovo Group has put fund raising on the backburner and started moving to conclude its acquisition of IBM's personal-computer business.

1 Apr 2005 - 12:00am