Gold is the precious metal associated with Chinese communities the world over, but for centuries silver had a more important everyday function.Sunday, 7 October, 2007, 12:00am
A senior mainland central bank official has expressed dismay over the lack of law enforcement against money laundering, particularly when its affluent eastern regions had become a gateway for illicit money.27 Jul 2007 - 12:00am
Locally dominant Filipino companies are feeling the heat from low-cost start-ups
Niche banks targeting the personal-remittance sector in Hong Kong are branching out to compete with a cottage industry of low-cost operators that has sprung up in recent years and as local employers are hiring more Indonesian domestic helpers.3 Jul 2003 - 12:00am
Foreign banks have threatened to hold hostage the multi-billion-dollar inflow of cash from Filipinos working overseas, if Manila's anti-money laundering laws are not amended.
An estimated US$10 billion (HK$78 billion) are being remitted worldwide each year into the Philippines by four million Filipino contract workers.2 Dec 2002 - 12:00am
Lawmakers yesterday demanded the Post Office stop operating three loss-making services, saying it would help to reduce its annual $80 million deficit.
But Postmaster-General Luk Ping-chuen said scrapping the three services would not lead to any savings because they were all provided over the counters in the SAR's 128 post offices and involved no extra rent or staff.18 May 2002 - 12:00am
Updated at 3.06pm: A staggering eighty new bank charges have been levied in the past year, a Consumer Council survey revealed on Monday.
Fifteen out of 19 banks had increased or introduced new charges or altered fee structures in remittance, accounts, mortgage, deposits and withdrawals.15 Jan 2001 - 12:00am
A man, 35, was jailed for seven years in the Court of First Instance after admitting theft, false accounting and forgery. He used his firm to send false telexes to instruct a bank in New York to remit US$6 million (HK$46.8 million) to three local banks in March 1998.5 Dec 2000 - 12:00am
The Treasury has declared its productivity campaign a success, saying it will achieve its aim of a five per cent saving one year ahead of schedule.
The department is one of three which will be able to meet the target at the end of the second year of the three-year Enhanced Productivity Programme, launched last year.7 Mar 2000 - 12:00am
HSBC is expected to come under pressure to pay interest on remittances it delays crediting to accounts following a ruling against the giant bank.
The Consumer Council said it was likely to investigate procedures and international practices for settling transfers between bank accounts in the wake of the Small Claims Tribunal victory for a businessman.24 Nov 1999 - 12:00am
Beijing's move to tighten capital outflows has caused delays among red chips in remitting money to Hong Kong but the mainland-backed companies have played down the impact on operations.
An official of a red-chip firm said the company had observed a slowdown in remittance after the mainland's efforts to prevent capital flight and ensure the yuan's stability.7 Oct 1998 - 12:00am