Free Economy

Hong Kong's top ranking for economic freedom feels a good laugh

 Hong Kong is still the regional headquarters of many Fortune 500 firms, but the growth trend looks weak.

Did the Heritage Foundation ever send its experts into the streets of Hong Kong to meet ordinary people and ask them how free the city's economy has become in recent years?

Monday, 20 January, 2014, 9:17am 3 comments

Workers should have no truck with new share ownership plan

In capitalism's long history of exploitation, few abuses have been as iniquitous as the truck system.

This was the practice adopted by many companies of paying their workers not in cash, but in scrip; worthless brass tokens that could be spent only at company-run stores to buy goods at vastly inflated prices.

15 Aug 2012 - 11:07pm

Fair exchange

Money is no longer the only currency in trading. This is becoming clearer as community-oriented co-operatives strive to restore the self-esteem of underprivileged people and improve their living standards.

The non-profit co-ops offer an alternative to those who lack the financial resources to make a difference in their lives.

15 Nov 2007 - 12:00am

10 things to watch out for when Giving financial gifts

Money, money, money: While cash in a red lai see envelope may not be personal, it always has a use. But there are other options if you want something that will outlast the seasonal hype.

Vouchers: Consider a gift voucher. The recipient can choose their own gift at leisure or supplement the amount to buy something larger.

22 Dec 2002 - 12:00am

Local boundary keeps wealth circulating in community

The barter system being experimented with in Hong Kong has been running for 10 years in the United States, one of more than 1,000 community currency systems operating in Europe and North America.

The concept, which uses coupons representing hours of community members' labour, was invented by Paul Glover in Ithaca, New York, in 1991.

7 Dec 2001 - 12:00am

Profit falls 72pc for goods maker

Household goods maker Frankie Dominion International said attributable profit tumbled 72 per cent to $3.77 million last year from 1996. Operating profit fell nearly 13 per cent to $22.93 million as turnover fell to $980.79 million from $1 billion. No final dividend was recommended compared with a 3 cent scrip and cash final dividend in 1996.

23 Apr 1998 - 12:00am

Bank ready for fresh assault on Indian scrip

AFTER being buried in a mountain of Indian share scrip in 1993, Standard Chartered Equitor Group now has spare capacity in the country and is seeking new business.

The custodial division of Standard Chartered Bank was one of three custodians forced to close their doors to new Indian customers in late 1993 amid a stampede of foreign investors into the Indian market.

30 Nov 1995 - 12:00am

Rules change on fees

The Stock Exchange is changing the rules on share registration fees and registration periods so that in addition to standard and bulk registration services, issuers may offer optional and expedited registration services.

27 Jun 1995 - 12:00am

Champion rejects claims

CHAMPION Technology has suggested that incorrect and speculative comments on the company are partly responsible for the exceptional price movements and turnover of the stock in recent days.

The price of the scrip has plunged about 50 per cent to 59 cents on Friday since the company reported disappointing interim results on March 22.

10 Apr 1995 - 12:00am

Currency scam

POLICE received a further 16 complaints from people who claimed to have been cheated of $1 million by people conning them into buying worthless Peruvian currency.

16 Jun 1994 - 12:00am