• Wed
  • Oct 22, 2014
  • Updated: 3:36pm

Debt

Crackdown on loansharks after debtors tortured in Malaysia

The horrific ordeal of three debtors who were chained to a wall, beaten and starved for two months has prompted a crackdown against illegal loansharks in Malaysia.

Thursday, 4 June, 2009, 12:00am

Crackdown on loansharks after debtors found chained and tortured in Malaysia

The horrific ordeal of three debtors who were chained to a wall, beaten and starved for two months has prompted a crackdown against loansharks in Malaysia.

Their plight, which came to light last week when they were rescued by police, has sparked an outcry against loansharking syndicates run by traditional triads and newer gangs.

4 Jun 2009 - 12:00am

Hang Seng funding to SMEs rises 6pc

Hang Seng Bank said loans to small and medium-sized enterprises (SMEs) rose more than 6 per cent in the first three months from the previous quarter, driven by the government's loan guarantee schemes and property-related deals.

Its outstanding loans for SMEs grew 9 per cent last month from a year earlier, the bank said.

26 May 2009 - 12:00am

Grace period urged over student loans

The government should allow university students to defer loan payments for a year, the youth faction of the Democratic Alliance for the Betterment and Progress of Hong Kong said yesterday.

25 May 2009 - 12:00am

Subsidies set for rural lenders to boost credit

The central government yesterday proposed unprecedented subsidies to lenders in rural areas in order to unleash growth potential in the country's vast yet underdeveloped countryside.

21 May 2009 - 12:00am

Appointments

Gabriel Tang Man-ho

Joint general manager, head of debt structuring and syndication, Asia

Mizuho Corporate Bank

18 May 2009 - 12:00am

One in four punters suicidal, survey finds

Nearly one in four gamblers has thought of committing suicide, Caritas Addicted Gamblers Counselling Centre found after interviewing 1,645 people who sought help. Centre supervisor Joe Tang Yiu-cho urged financial institutions to be cautious when approving loans and credit limits so gamblers would not fall heavily into debt.

23 Apr 2009 - 12:00am

One in four punters suicidal, survey finds

Nearly one in four gamblers has thought of committing suicide, Caritas Addicted Gamblers Counselling Centre found after interviewing 1,645 people who sought help. Centre supervisor Joe Tang Yiu-cho urged financial institutions to be cautious when approving loans and credit limits so gamblers would not fall heavily into debt.

23 Apr 2009 - 12:00am

CBRC to crack down on bill discounting

Mainland banking regulators may soon crack down on so-called 'discounted bills' issued by banks over concern that the money may actually be used for speculative purposes.

18 Apr 2009 - 12:00am

Central bank maintains relaxed monetary policy

China's central bank said yesterday it will maintain a relaxed monetary policy to ensure sufficient liquidity to support economic growth, easing concerns it will tighten credit following strong money-supply growth last month.

13 Apr 2009 - 12:00am

Write-downs pull BOC earnings 59pc lower

Bank of China suffered a 59 per cent drop in net profit in the fourth quarter as it continued to write down overseas investment values amid the deepening financial crisis.

Net income fell to 4.42 billion yuan (HK$5.02 billion) from 10.77 billion yuan a year earlier, the world's third-largest bank by market value announced yesterday in its annual report for last year.

25 Mar 2009 - 12:00am

Bocom posts 40pc profit rise but hints at tough year

Bank of Communications, the first leading mainland bank to report last year's earnings, expected a tough time ahead this year amid the global financial crisis as it announced a 40 per cent increase in last year's profit.

19 Mar 2009 - 12:00am

Why the piggy bank won't budge on loans

Thanks to the economic downturn, my wife Ellen has spent a lot more than usual on facials, massages and beauty treatments. It's not because she suddenly feels the need to spend more time in health salons. The problem is that she keeps signing up for treatment packages with centres that subsequently go out of business.

15 Feb 2009 - 12:00am

HKMA says banks face tough year and some may post losses

The Hong Kong Monetary Authority has warned the operating environment for banks remains difficult this year and predicts some lenders could have slipped into the red last year.

Choi Yiu-kwan, a deputy chief executive of the de facto central bank, expects banks to see a decline in last year's profit and a 'very, very small number' could make a loss.

14 Feb 2009 - 12:00am

Corrections & clarifications

The article 'Nine Dragons offers to buy back bonds at discount' published yesterday should have said Nine Dragons bondholders tendering acceptance of the buy-back offer after February 23, but before March 9 when the offer lapses, will receive US$50 less than the offer price of US$530 per US$1,000 in principal, plus accrued and unpaid interest.

11 Feb 2009 - 12:00am

Pages