Date
6 December 2019

Business

  • Game console makers won’t have it easy in China

    Oct 3, 2013 10:01am
    Amid concerns that video games could corrupt the minds of the nation’s youth, China has banned video games consoles since the year 2000. But now, along with the official launch of free-trade zone in Shanghai, the...
  • PE firms burn their fingers with Taiwan banks, report says

    Oct 3, 2013 9:59am
    Investments made by private-equity firms more than five years ago in Taiwan’s fragmented banking sector are underwater, with stocks of the lenders now trading far below the cost of purchase, Bloomberg News reported Thursday. Anemic loan...
  • Revamping CNPC’s gas business a must to deepen pricing reform

    - Oct 3, 2013 9:58am
    Compared with the oil price adjustment regime, China has made limited progress in introducing market-oriented reforms in the natural gas sector. One of the major factors behind the stalemate is China National Petroleum Corp.’s (CNPC) sheer...
  • Taiwan’s 100 bln yuan RQFII quota suspended, paper says

    Oct 3, 2013 9:56am
    Taiwan has been unable to invest under the Renminbi Qualified Foreign Institutional Investor program, for which it was granted a 100 billion yuan (US$16.33 billion) quota, because the cross-strait service agreement has yet to be approved by...
  • Wharf to stay put in Hong Kong, expand in mainland, HKEJ says

    Oct 3, 2013 9:47am
    The Wharf (Holdings) Ltd. (00004.HK) said it has no plans to withdraw from the Hong Kong market, and will continue to invest in the mainland, the Hong Kong Economic Journal reported Thursday, citing chief executive Stephen...
  • Macau govt takes over Reolian bus operations, paper says

    Oct 3, 2013 8:49am
    The Macau government will take over operations of ailing Reolian Public Transport Co., Ltd, which provides about 40 percent of the city’s bus services and filed for bankruptcy on Tuesday, Macao Daily reported Thursday, citing a...
  • Chinese carmaker Geely bought Manganese Bronze

    China buys into offshore asset ethos

    - Oct 3, 2013 8:33am
    Asset prices inflated by the low interest rate and expansionary monetary policies of some central banks have not deterred mainland Chinese companies from snapping up assets around the world in the past three years, according to...
  • Fonterra in compensation talks with Danone, report says

    Oct 3, 2013 8:28am
    Fonterra Cooperative Group Ltd. is said to have commenced talks with its major dairy customer Danone SA over compensation following the recent product safety scare which triggered a global recall of some milk products, affecting companies...
  • Tesco, China Resources form retail tie-up in China, Xinhua says

    Oct 3, 2013 8:25am
    Britain’s biggest retailer, Tesco Plc., said on Wednesday that it has signed an agreement with mainland conglomerate China Resources Enterprise Ltd. (00291.HK) to set up a retailing joint venture in China, Xinhua reported Wednesday. Tesco will...
  • 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...