Hong Kong
Royale Furniture profit up 50.8% to HK$90.5mn
Unique growth strategies and expansion plans boosted revenue and profit growth.
Royale Furniture profit up 50.8% to HK$90.5mn
Unique growth strategies and expansion plans boosted revenue and profit growth.
Cathay Pacific and Dragonair July passengers up 1.6% to 2.52mn
Yet the two airlines cargo and mail load dropped 11% to 140,050 tonnes.
Hong Kong likely to lose Manchester United IPO
The team is now reportedly setting its eyes on Singapore for its $1b initial public offering.
Guoco Group raises stake in Bank of East Asia
It bought 1.4 million shares for about HK$40.12 million.
Country Garden Holdings interim profit up over 62%
The real estate developer plans speeding up land acquisition.
20b yuan quota pledged for investors
The quota pledged by Vice Premier Li Keqiang aims to support Hong Kong companies investing in securities in China.
Interbank rates will stay low until early 2013, says analyst
HKD interbank rates could rise more slowly than USD rates amidst ample liquidity environment.
Second quarter credit card receivables up 3.9% to $87bn
Yet delinquent amount surged to $176mn at end of June from $162 million at end of March.
China Wireless first half profit down to HK$119mn
Despite 44.0% rise in turnover, the group’s “Coolpad” 3G smartphones in the mid- to low-end market in China faced tough competition.
China Everbright International’s Germany photovoltaic power station starts operation
The group’s first overseas project to commence operation is also Europe’s largest amorphous silicon thin film photovoltaic power station.
Comba Telecom opens Mexico City office
The move is part of the company’s expansion in Latin American markets.
China Resources Cement profit up 236.8% to HK$2.04bn
The company extended the Company’s geographical coverage from Southern China to Shanxi and Inner Mongolia through acquisitions.
CITIC Telecom profit up 30% to HK$233.8mn
All of the company’s business segments sustain growth behind active product innovation.
Air China July passenger traffic up 6.7%
The airline acquires six new aircrafts to address its cargo capacity, which dropped 0.8%.
Hong Kong needs more accountants and finance professionals
Yet 93% of Hong Kong employers surveyed cannot find skilled finance professionals in the current market.
Hong Kong’s Treasury chief: Asian markets are healthier
For Prof Chan, market fluctuations in the US and Europe were caused by worries of recession and debt-settlement issues.
Asia Pacific second quarter office rental growth down to 0.4%
Industry players eye further slowdown amidst rising interest rates.
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