Hong Kong

Hong Kong legislation passes minimum wage bill

Fate of labor groups' HK$33 per hour floor proposal depends on Chief Executive Donald Tsang's decision.

Hong Kong legislation passes minimum wage bill

Fate of labor groups' HK$33 per hour floor proposal depends on Chief Executive Donald Tsang's decision.

Centron Telecom secures HK$335mln loan facility

Six lenders provide 3-yr term loan for company's H2 2010 expansion and to step up operations.

Hong Kong to showcase at MIPIM Asia 2010

Urban development and heritage conservation highlights city's capability to host Meetings, Incentive travel, Conventions and Exhibitions.

Mongolia Energy Corporation incurs loss at $317mln

Company was able to get unrealized fair value gain of HK$62.7mln and realized gain of HK$10.1mln.

Bauhaus profit up 2.3 percentage points to 10.5%

Plans to open retail stores in cities within two hours distance of Beijing, Shanghai and Guangzhou

Minmetals Land buys 396,000sqm residential land

The HK$410mln acquisition will raise the Company’s land bank to approximately 3.2mln sqm.

OOIL joins Hang Seng Corporate Sustainability Index

Inclusion among 30 constituents shows commitment to corporate sustainability and fulfillment in environmental and community responsibilities.

Government approves Cathay Pacific flights to Hongqiao airport

HKSAR government's clearance to allow airline to land in the Shanghai airport enhances accessibility between cities.

Linmark returns to profit at HK$46mln in FY2010

The company sees recovery and growing order bookings in next months despite 52.2% decrease in FY2010 revenue.

Lenovo selected as Hang Seng Index’s constituent stock

Hang Seng Corporate Sustainability Index inclusion underscores Company’s implementation of sustainable and socially responsible business practices.

Everbright International improves alternative energy business

China Everbright Alternative Energy Investment has already garnered 14 projects.

BaWang ensures safety of its shampoo products

The company's shares tumble by 18% following a magazine report accusing products of having cancer-causing chemicals.

DBS Hong Kong to pay Lehman buyers HK$651mln

Lehman Brothers notes buyers classified as having low to medium risk would get money plus interest.

Futong Technology strikes cloud computing deal with EMC

EMC's partnership with E-tong aimed to further latter's cloud computing capability to keep abreast with innovations.

Hong Kong Aviation Capital to acquire 3 new A320 aircraft

The company completes $200mln transaction to expand its operating lease portfolio with total 7 A320s transacted.

HSBC says Hong Kongers most affluent in Asia

Over a third of Hong Kong assets invested in stocks and a quarter in RMB.

MTR eyes Hong Kong high-speed railway's early completion

26 kilometer, $67bln project may be completed earlier as MTR awarded 14 major contracts worth $18bln.