Travel agencies in Jiangsu say their business has suffered after the central government waived highway tolls during the Lunar New Year holiday.Tuesday, 12 February, 2013, 6:09am
In these times of low interest rates and volatile share markets, investors keep coming back to dividend stocks. A near inescapable market logic drives this. Low interest rates make returns on high-grade bonds unattractive. In fact, once inflation is factored in, the returns are typically negative and the bonds risk losing value when interest rates rise. Equities are appealing but risky.17 Dec 2012 - 5:30am
Tens of thousands of dollars are being illegally collected monthly from drivers in Afghanistan's Laghman province using the main highway between Kabul and Jalalabad.
And it's not the Taliban who are threatening drivers to finance their insurgency.4 Oct 2012 - 4:43am
State Council move is response to angry motorists' gripes over excessive fees
Drivers will be better protected from pricing irregularities on the nation's toll roads when a new ruling comes into effect, according to sources in the State Council's legal office and the Ministry of Communications.27 Sep 2004 - 12:00am
The economic downturn and a drop in cross-border trading may force tolls on Route Three to rise by one-third next year.
Gary Luk Kam-hon, general manager of Route Three, issued the warning as the 10km country park section of the expressway, which includes the 3.8km Tai Lam Tunnel, marked its first anniversary of operation.25 May 1999 - 12:00am
Liaoning provincial government has secured approval from the China Securities and Regulatory Commission (CSRC) for a red chip float of its assets in Hong Kong, according to sources.
The approval of the listing, which is expected to raise between US$200 million and $300 million, has signalled a new trend of red chip listings for local governments' investment arms.8 Jun 1998 - 12:00am
Sichuan Expressway expects traffic on its main asset, the Sichuan section of the Chengyu Expressway, to rise 6 per cent this year, despite a 60 per cent increase in the toll.
Vice-chairman Tan Shiqiao said the road had suffered a 10 per cent decline in traffic after raising the toll last July.31 Mar 1998 - 12:00am
Jinhui Holdings Co yesterday announced it had taken a 2.5 per cent stake for $100 million in a toll road operator in China.
Greater Beijing Region Expressway has invested in and intends to develop 10 high-speed toll expressway projects linking Beijing with Tianjin and Hebei province.18 Oct 1996 - 12:00am
CHINA's high-speed highways have not been living up to their name of late.
Drivers are finding that as soon as they reach a comfortable cruising speed, they have to slam on the brakes and come to a halt behind a long line of other cars waiting at a toll booth.12 Feb 1996 - 12:00am