Date
20 September 2019

Business

  • 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...
  • China Ludao to boost margin with own brands, paper says

    Oct 2, 2013 11:31am
    Aerosol products manufacturer China Ludao Technology Co. Ltd. (02023.HK), which seeks to list on the Hong Kong stock exchange, will widen its line of self-branded products to boost its gross profit margin and competitiveness, Ming Pao...
  • TPV Technology sees TV shipments flat this year, paper says

    Oct 2, 2013 11:13am
    Display solutions provider TPV Technology Ltd. (TPV, 00903.HK) said its LCD TV shipment target for this year has been set at 53-54 million units, while the target for display monitors shipment is at 15 million, with...
  • Steel giant totally unexcited about govt’s M&A push

    Oct 2, 2013 10:53am
    Miao Wei {苗圩}, China’s Minister of Industry and Information Technology, is said to have written a letter recently to Xu Lejiang {徐樂江}, chairman of Shanghai Baosteel Group Corp. (600019.CN), calling on the nation’s top steelmaker to...
  • Taiwan allows investment in Fujian petrochem zone, paper says

    Oct 2, 2013 10:51am
    Taiwan’s Executive Yuan said will allow seven firms from the island to jointly invest in a plant at the planned petrochemical zone on the Gulei Peninsula in Zhangzhou, Fujian province, the Economic Daily News reported Wednesday,...
  • KKR-Qingdao Haier deal plugs into mutual benefits

    Oct 2, 2013 9:57am
    Global investment fund KKR has all the signs of being bullish about China. Shortly after the company struck a US$140 million deal with China Modern Dairy (01117.HK) to farm cattle, KKR agreed to buy a stake...
  • Oct 1 railway traffic exceeds 10 mln passengers, Xinhua says

    Oct 2, 2013 9:54am
    The China Railway Corporation (CRC) said Wednesday a total of 10.327 million passengers traveled by rail on Tuesday, the start of the National Day “Golden Week” holiday, setting a historical high for daily train traffic, the...
  • Foreign agencies can’t wait to tap outbound tourism boom

    Oct 2, 2013 9:47am
    It has only been days since Shanghai’s free trade zone opened for business and already, foreign travel agencies cant’ wait to offer full-on services in the area. The prize: China’s booming outbound tourist industry. Foreign tour...