Company Reorganization

Home Depot says store closures part of strategy to focus on core cities

When Home Depot closed its mega-store in Beijing two months ago, many thought the world's largest home improvement retailer was on the verge of withdrawing from the highly competitive market in China.

Thursday, 31 March, 2011, 12:00am

PCCW to control telecoms unit following IPO

PCCW wants to do the spin-off listing of its telecommunications unit in Hong Kong.

The proposed listing would be Hong Kong's first business trust IPO, and would only happen if rules were changed to support such an endeavour. Only property-trust listings are allowed in the city, while Singapore permits various trust floats.

30 Mar 2011 - 12:00am

HK's strategic location outweighs high shop rents, says MCM

German luxury goods company MCM Products, which took over home-grown retailer Episode's shop to open its flagship store in Central, said the strategic position of Hong Kong as a gateway to the mainland would outweigh the cost of high shop rents in the city.

Global brands would be undeterred by rising rents, it said.

30 Mar 2011 - 12:00am

Employers asked not to cut benefits

The Labour Department says it hopes companies will not cut back on workers' benefits. The call came after the department on Monday introduced guidelines that do not say whether employees should be paid for meal breaks and rest days.

30 Mar 2011 - 12:00am

Offshore rig service provider TSC seeks acquisitions, tie-ups

TSC Offshore Group, a provider of control systems and parts and engineering services, mostly for offshore drilling rigs, is seeking to acquire or co-operate with firms with product technology, market channels and engineering expertise to expand sales.

28 Mar 2011 - 12:00am

Wind power hits a northern snag for Datang

China Datang Corporation Renewable Power is one of the largest wind-power producers in Inner Mongolia, but it has hit a snag: there isn't enough infrastructure in the grid to transport all its power to market. Now the firm is coping by redirecting its investments to other parts of the mainland and selling as much heat and power locally as possible.

28 Mar 2011 - 12:00am

Facts and figures out of step with reality

Japan's economy minister, 72-year-old Kaoru Yosano, clad in his regulation ministerial 'Action Man' powder-blue boiler suit and heavy gumboots ready to spring into emergency mode, claimed last week that the damage to the country's economy from the earthquake and tsunami would be 'limited'.

23 Mar 2011 - 12:00am

TV report on clenbuterol in pigs sees 22 people held

Mainland police have detained at least 22 people after a television expose about illegal additives in pig feed.

19 Mar 2011 - 12:00am

Nuclear crisis puts HK energy goals in doubt

Hong Kong will consider the implications of the Fukushima nuclear crisis and its impact on the nuclear industry before deciding whether to harness more nuclear energy from the mainland, environment officials say.

19 Mar 2011 - 12:00am

StanChart keeps double-digit growth goal

Standard Chartered will not change targets for double-digit income growth this year despite the turmoil in the Middle East and the unfolding nuclear disaster in Japan.

19 Mar 2011 - 12:00am

BA eyes deal for Japan Airlines

British Airways is eyeing the chance of a consolidation with the cash-strapped Japan Airlines (JAL) despite the latter's dimmed business outlook in light of the country's worst disaster in a century.

18 Mar 2011 - 12:00am

Stakeholders eye long-term solutions

Although the global fashion industry continues to thrive, the sector's long-term sustainable development faces many challenges, ranging from the rising costs of raw materials and labour, to the diminishing supply chain.

16 Mar 2011 - 12:00am

Plan to hook new generation of voters online

The government will appeal to the young to register as voters with the help of new media including Facebook and YouTube.

16 Mar 2011 - 12:00am

OOCL suspends cargo shipping at affected ports

Orient Overseas Container Lines, the shipping company controlled by the Tung family, has suspended the shipment of cargoes to Sendai, Hitachinaka and Kashima following the devastating tsunami that hit the northeast coast of Japan on Friday.

15 Mar 2011 - 12:00am

Balance tilts towards employees

The improvement in Hong Kong's economic climate means employees have started their merry-go-round seeking new job opportunities and better remuneration.

According to a Robert Half Workplace Survey, 94 per cent of employers in Hong Kong are concerned about losing top performers following the payout of bonuses in the first half of the year.

15 Mar 2011 - 12:00am