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The company extends its efforts in exploring environmental protection and alternative energy projects and secured 17 new projects worth 2.83bn renminbi.

The company increased sales and production volume while further positioning its company to achieve operating synergy in consumer market.

Albert Lee will be based in Threadneedle's Hong Kong office.

The company to further evaluate opportunities to expand and diversify its commodity trading business and potential acquisitions of direct mine investments and strategic interests.

A total of 34 building plans were approved by the Buildings Deaprtment in the past month.

Six property developments above the MTR stations along the West Rail should comply with new guidelines on controlling "inflated buildings". Thus Financial Secretary John Tsang is requesting the West Rail Property Development Limited for a redesign.   These six West Rail  property development projects are wholly owned by the Government through the WRPDL. They have all reached a very advanced stage which could proceed to build without being made subject to the new design requirements, which will come into effect on April 1, 2011. The Nam Cheong Station project has an approved Master Layout Plan for its original design; while the other five projects, namely Tsuen Wan West Station at Cityside and at Bayside, Long Ping North, Long Ping Station and Tin Shui Wai at Tin Shui Wai Station, all have both their  master layout plans  and building blans for the original designs approved. "During the Policy Address debate, some Members of the Legislative Council requested that since the WR projects are wholly owned by the Government, the Government should set a good example by requiring all these WR sites to be subject to the new rules on regulating 'inflated buildings'," said Secretary for Development, Mrs Carrie Lam. "We have taken on board members' views in coming to this decision. Moreover, in the course of redesigning these six projects, we have also taken the opportunity to change the flat mix to increase the supply of small and medium-sized flats. While the new building design requirements and the 10% cap on GFA concessions will have a negative impact on the revenue receivable by the Government, this is justified on grounds of creating a quality living environment," Mrs Lam added.  Based on very preliminary designs prepared by MTRCL, the total number of flats in the Nam Cheong and two Tsuen Wan projects will remain more or less the same, but the proportion of small and medium-sized flats, i.e. flats with a saleable floor area of 50 square metres or below, will be more than doubled, providing about 4,000 such units.

A  further $1 billion for Operation Building Bright is being propsed by Financial Secretary John Tsang.

The Planning Department will solicit further public views before coming up with a recommended option and finalising the east harbour study.

CLP's operating earnings increased 7.2 per cent in 2010 from 2009 to HK$9,148 million.

The proposal to inject $6,000 into each Mandatory Provident Fund account will leave wealth with the people, said Secretary for Financial Services & the Treasury Prof. KC Chan. He added that the measure will benefit more people than a tax rebate would. Prof. Chan said the average return on investment of MPF schemes are satisfactory and there are measures and policies to encourage MPF trustees to reduce administrative fees. He expected 4 million Hong Kong people to benefit from the proposed injection. Noting there are only 1.4 million taxpayers in Hong Kong, he said a tax rebate would only benefit a limited number of people.

Russia's EuroSibEnergo and China Yangtze International  have signed an agreement to form a joint power venture in Russia's Siberia, the EuroSibEnergo announced on Thursday.

For delaying the payment of wages worth about $38,000, Global Trading Innovative Service Limited was fined $90,000 at the Eastern Magistrates' Courts.

New mortgage loans drawn down during January dropped by 30.0 per cent to HK$21.7 billion compared with December last year. This is according to  Hong Kong Monetray Authority's residential mortgage survey for January 2011. 

The airline also affirms the Financial Secretary’s commitment to reinforce Hong Kong’s role as a transport hub, particularly for Mainland China.

Deals to supply 228 train cars for the Malaysia Intercity Urban Rail Project and 32 train cars for the Izmir Light Rail Transit Project in Turkey.

Global Sources has extended its contracts with AsiaWorld-Expo Management to host China Sourcing Fairs at Hong Kong's AsiaWorld-Expo from 2011 through 2014. This is in addition to the renewed contracts announced in June 2010, representing a total gross value of approximately US$16.7 million.