Date
23 February 2018

Business

  • Property database delay frustrates anti-graft drive, report says

    Oct 3, 2013 8:15am
    China’s plan to establish a nationwide property database, once hailed as an antidote to corruption, has stalled amid resistance from local governments that illustrates the difficulty Beijing faces in fighting widespread graft, Reuters news agency reported Wednesday. The...
  • China starts cherry picking winners in cloud computing push

    Oct 3, 2013 8:08am
    The Politburo Standing Committee, the paramount decision-making body of the Communist Party of China, has a tradition of embarking on group learning sessions occasionally on key issues. For the latest such study held earlier this week,...
  • China Southern to restart Fukuoka flights on Oct. 28, Kyodo says

    Oct 3, 2013 7:59am
    China Southern Airlines Co. Ltd. (01055.HK, 600029.CN) said Tuesday that it will resume flights from Guangzhou to Fukuoka in Japan on Oct. 28 with three roundtrip services per week, Kyodo reported Wednesday. Twice-weekly roundtrip services between...
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    The Big Picture: GOLDEN WEEK BOOST

    - Oct 3, 2013 7:55am
    Highway operators, railway-related firms, tourism plays as well as recreational and hospitality sectors are likely to cheer a robust increase in the number of rail travelers and general visitors to the nation’s popular tourist spots during...
  • Alibaba still keen on HK listing, HKEJ says

    Oct 3, 2013 7:49am
    Alibaba Group may not have given up hope for a listing in Hong Kong despite talks breaking down last week with Hong Kong Exchanges and Clearing Ltd. (HKEx), the Hong Kong Economic Journal reported Thursday. Sources...
  • Hubei bans developers’ lies on housing demand, Xinhua says

    Oct 3, 2013 7:48am
    Property developers in Hubei province are strictly barred from creating an “illusion of housing demand” by misleading potential buyers about the rate at which projects are selling, Xinhua reported late Tuesday, citing the provincial pricing bureau....
  • Turkey missile deal a win for China, report says

    Oct 3, 2013 7:28am
    Turkey’s US$4 billion order for a Chinese missile defense system is a breakthrough for China in its bid to become a supplier of advanced weapons, even though opposition from Washington and NATO threatens to derail the...
  • Yoshinoya to grow rice, vegetables in Fukushima, Xinhua says

    Oct 3, 2013 7:10am
    Fast-food chain Yoshinoya said Tuesday it will form a joint venture with farmers in Japan’s disaster-hit Fukushima prefecture to grow rice and vegetables to help rebuild the local economy, Xinhua reported Thursday. The company said the...
  • China offers US$133 mln for Gabon road project, paper says

    Oct 3, 2013 7:09am
    China has offered Gabon a preferential loan of about US$133 million for construction of a 93-kilometer road in the enclosed region of Port Gentil, Gabon’s commercial capital, China Daily reported on Wednesday. An agreement was signed on...
  • US shutdown shows ‘ugly side of partisan politics’, report says

    Oct 3, 2013 7:09am
    China said the US government shutdown has exposed “the ugly side of partisan politics” in Washington and expressed concern about its effect on the world economy, Reuters reported Wednesday, citing a Xinhua editorial. “The United States, the...
  • Top court urges proper handling of shadow banking, Xinhua says

    Oct 3, 2013 7:04am
    China’s top court called for proper handling of shadow banking cases so as to prevent financial risk and promote healthy development of private investment, Xinhua news agency reported on Wednesday. Xi Xiaoming, vice president of the Supreme...
  • BYD’s K9 e-bus awarded Taiwan license, paper says

    Oct 3, 2013 6:36am
    Taiwan’s Miaoli Motor Transportation Co., Ltd. has ordered three K9 electric buses from the local unit of mainland carmaker BYD Co. Ltd. (01211.HK, 002594.CN) after the island’s Vehicle Safety Certification Center awarded the manufacturer an operating license, Taiwan’s Apple Daily...
  • POLICY WATCH: Beijing urges local govt to avert ‘land king’

    - Oct 3, 2013 6:34am
    Beijing has unveiled a set of guidelines for local governments to avoid the creation of a new “land king”, or a plot of land sold at a record-high price. However, local authorities have a strong incentive...
  • RMB included in Taiwan’s foreign reserves, paper says

    Oct 3, 2013 6:33am
    Taiwan has included the renminbi as one of its foreign reserve currencies for the last six months and will continue to increase its weighting, Taiwan’s Apple Daily reported Thursday, citing the island’s central bank governor, Perng...
  • Repeat of 1997 Asian crisis unlikely amid US tapering, ADB says

    Oct 2, 2013 3:19pm
    A repeat of the financial crisis that gripped much of Asia in 1997 is unlikely to be happen once the United States Federal Reserve starts tapering its quantitative easing program as many countries in the region now...
  • HK garment firms look to Myanmar as China costs rise, paper says

    Oct 2, 2013 2:49pm
    Some Hong Kong garment firms have jointly taken 70-year lease on two land plots in Myanmar to build new factories there, Apple Daily reported Wednesday, citing Chung Kwok-pan, a Legislative Council member who represents the textile...
  • PanAsialum to invest HK$3.78 bln in Henan plant, filing says

    Oct 2, 2013 12:05pm
    PanAsialum Holdings Co. Ltd. (02078.HK) will invest HK$3.78 billion (US$487.47 million) in a new aluminium alloy plant in Nanyang, Henan province, it said in a regulatory filing Tuesday. The company will establish a wholly owned subsidiary...
  • Guangzhou district may ease housing curb, paper says

    Oct 2, 2013 12:01pm
    A price limit on new homes in Guangzhou’s Nansha district may be eased after October 10, the Southern Metropolis Daily reported Wednesday, citing several developers. The developers said they were told by a government source that...
  • Gold miners hit as the metal’s safe-haven allure fades

    Oct 2, 2013 11:50am
    A congressional standoff over budget issues has led to a partial shutdown of the US government for the first time in 17 years, but the news failed to boost gold prices as investors are betting that...
  • Asset injection plan buoys Guangzhou Shipyard

    Oct 2, 2013 11:36am
    Guangzhou Shipyard International Co. Ltd. (GSI) (00317.HK) gained support on Wednesday after it resumed trading. The mid-sized shipbuilder proposed raising HK$2.82 billion (US$362 million) through a non-public share offering to buy Guangzhou Longxue Shipbuilding Co. from...

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