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  • Dec 20, 2014
  • Updated: 3:19pm

Keiretsu

The finest civil servants that money can buy

The Leung Chin-man saga was a hot topic in the recent Legislative Council election television debates.

Thursday, 28 August, 2008, 12:00am

After a series of false dawns, Japan seems capable of introducing reforms to dismantle the antiquated keiretsu system

Japan had a system which worked miracles to revive the economy after World War II. But now it is finally wising up to the fact that the system needs to be torn down, Dean Cashman believes.

22 Oct 2000 - 12:00am

Bolero.net on test course for paperless trade

Bolero.net, a joint venture between international banking co-operative SWIFT and global logistics-industry co-operative TT Club, has embarked on an ambitious project to make international trade a paperless process.

19 Oct 1999 - 12:00am

Ten years ago

TOKYO (August 30): MITSUI Bank and Taiyo Kobe Bank have agreed to merge next April to create the second largest bank in the world.

Analysts said the merger was the biggest in recent memory anywhere in the world.

29 Aug 1999 - 12:00am

Property developer Chung Hwa Development Holdings hit with litigation

Property developer Chung Hwa Development Holdings has been hit with litigation seeking more than $20 million from it as guarantor for an alleged unpaid loan.

Sumitomo Bank filed a writ at the High Court seeking the sum of $20 million, along with interest amounting to $667,397.

24 Nov 1998 - 12:00am

Sumitomo suit seeks US$50m

Sumitomo Bank is being sued for more than US$50 million it allegedly owes to the Bank of Communications.

Following a deal struck between the two on August 19 this year, it was agreed that the Hong Kong branch of the Bank of Communications would place a deposit of $50 million with Sumitomo at its New York branch.

18 Sep 1998 - 12:00am

Sumitomo files $20m writ

Troubled construction company Tak Wing Investment (Holdings) faces court action over an alleged $20.4 million debt with Sumitomo Bank.

The company had failed to pay the sum, owed as an overdraft with the bank since August 4, according to a High Court writ.

22 Aug 1998 - 12:00am

Tokyo's challenge

Chief economist at the Sumitomo Life Research Centre Makoto Nomura addresses a seminar in Hong Kong yesterday on the economic situation in Japan and its future.

7 Jul 1998 - 12:00am

Mitsui Wharf seeks protection

Japanese harbour-freight firm Mitsui Wharf Co, says its has filed for bankruptcy court protection because that was the only way to avert a takeover.

The company, which owes 20.37 billion yen (about HK$1.13 billion), was granted protection under the corporate restructuring and rehabilitation laws by the Yokohama District Court.

8 Jun 1998 - 12:00am

Shipbuilder warns of profit fall

Shipbuilder Sumitomo Heavy Industries says its group net profit for the year ended March 31 will fall because of poor sales by the parent company and subsidiaries. With the result yet to be finalised, Japanese media report that the result will drop 16 per cent from 1996/97 to about five billion yen (about HK$300.78 million).

13 Apr 1998 - 12:00am

New charges in DKB scandal

Ryuichi Koike, the corporate racketeer at the centre of a scandal implicating Nomura Securities Co and Dai-Ichi Kangyo Bank (DKB), was indicted for extortion for the second time by Tokyo prosecutors yesterday. Koike was previously indicted on June 5.

27 Jun 1997 - 12:00am

Official unaware of large Shanghai copper stocks

An official of the China National Nonferrous Metals Industry Corp (CNNC) has said he was unaware of any large stocks of imported copper being held in bonded warehouses in Shanghai.

29 Oct 1996 - 12:00am

Sumitomo Bank

A reference to trading losses suffered by Sumitomo Bank in a September 11 Business Post article headlined 'HKMA backs risk management forum' was incorrect and should have stated Sumitomo Corp.

12 Sep 1996 - 12:00am

Firm fixes loan figure

SHANGHAI Industrial Investment Holdings has signed an agreement for a US$100 million five-year syndicated loan.

The syndicate consists of 15 banks, with Dai-Ichi Kangyo Bank, Mitsubishi Bank, Sanwa Bank and Sumitomo Bank as arrangers and lead managers.

12 Oct 1995 - 12:00am

IHI and AESA in technology link

JAPAN'S Ishikawajima-Harima Heavy Industries Co (IHI) has signed a contract with state-run Spanish shipbuilder AESA to provide the latter with shipbuilding technology, from basic design to marketing.

24 Feb 1995 - 12:00am

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