Hong Kong
Lee & Man Paper secures HK$2.5bln five-year term loan facility
Lee & Man Paper secures HK$2.5bln five-year term loan facility
The facility aims to further strengthen the group’s financial position for business expansion.
China Automation Group and Hang Seng launch renminbi syndicated loan
The Multi-Currency Transferable Term Loan Facility is comprised of a 50mln renminbi facility, a 40mln US dollar facility and a 22mln HK dollar facility.
HSBC names Mark Mallia Debt Syndicate Head
Mallia to replace Sean Henderson who is assigned as Debt Capital Markets Head in the bank’s effort to expand debt capital markets in Asia Pacific.
IMF backs linked exchange rate
IMF forecasts Hong Kong’s economy to grow 6.75% this year and moderate to 5-5.5% next year.
WTO supports Hong Kong free trade regime
A WTO official lauded Hong Kong for being one of the freest economies, its commitment to the multilateral trading system, and its efforts to further develop trade.
Futong Technology and EMC Group set up JV
The JV will engage in selling, market and channel development of EMC products aims to strengthen market position and diversify product portfolio.
Cathay Pacific promotes John Slosar CEO
Slosar will replace Tony Tyler who will succeed IATA Director-General and Chief Executive Giovanni Bisignani.
Hong Kong sign tax pact with New Zealand
The agreement is the 17th aimed for the avoidance of double taxation in Hong Kong by its trading partners.
Hong Kong flat sales up 31.5%
The total consideration of sale and purchase agreements in November was up 30.2% to $74bln on October.
Truly third quarter profit up 10.5% to HK$641.3mln
The company has completed migration to higher resolution compact camera module and single to multi touch panel technology.
China Nickel Resources initiates first production line of Lianyungang project
The mining company unveils breakthrough in nickel refinery technology and new phase of rapid development.
Asia Pacific employers eye reshaping talent programs as economy grows
Despite need to change, organizations lack confidence in their ability to measure talent management decisions and investments.
The Excelsior appoints David Wilkie and Michael McCalman
Chef Michael McCalman with his 17 years of diverse experience joins The Excelsior as the new Executive Chief. David Wilkie, on the other hand, with 11 years of experience in F&B management is appointed as the new Director of Food & Beverage, according to The Excelsior.
HSBC leads delegation to boost China-India business growth
The lender banks on network in both countries to spearhead clients tap the links between two of the world’s largest emerging markets.
Retail sales value in Hong Kong up 21.6%
Continued robust sales of big-ticket items are reflective of the firm consumer sentiment.
HKRH first half profit up 227% to HK$255mln
The company steps up growth through sales channel diversification as it opens 60 new shops during the period.
Fook Woo profit up 58% to HK$169mln
The company's unique business model drives rapid growth of revenue and profit.