Issue: November 08, 2010   (Archive)
Wednesday, December 2, 2015   

AIIB aims to loan out US$15b a year
The president-elect of China's new international development bank said he expects the institution to lend US$10 billion (HK$78 billion) to US$15 billion a year for the first five or six years, and sought to allay concerns that the lender will be a tool of Beijing.

China factory activity contracts again
China's factory activity contracted for the ninth straight month in November, but at a slower pace than in October, a private survey showed, fueling hopes that the economy may be slowly leveling out after a raft of government support measures.

Macau jackpot shrinks -
Gambling revenue in Macau plunged 32.3 percent in November from a year earlier, extending a decline from the previous month and hovering near five-year lows as the world's biggest gambling hub struggled to attract wealthy Chinese punters.

IPO rush yields flat returns
Companies rushing to roll out their initial public offerings before the end of the year are receiving a lukewarm response from local investors.

Developers unfazed by rent cuts
Rents are declining at prime middle-class housing estates with owners sharply lowering their expectations in Tai Koo Shing and South Horizons on Hong Kong Island.

De Novo singles cap set
The Urban Renewal Authority yesterday finalized the criteria under which singles could apply for flats at its subsidized project in Kai Tak.

Healthy appetites good for certain landlords
Rental activity involving food and beverage outlets has reached a three-year high to buck the trend of falling interest in shops and less returns for landlords in prime areas, Jones Lang LaSalle has found.

Property stocks soar on tax allowance
The central government is planning to offer tax allowance on mortgage interest repayments to support the property market, mainland media reported yesterday, fueling a huge surge in locally listed mainland property stocks.

Visa system launch
An online payment system, Visa Checkout, was launched in the SAR yesterday, allowing users to make payments for goods or services with their username and password, or simply a fingerprint authentication.

Cafe de Coral serves up price hike
Local fast food chain Cafe de Coral (0341) announced a price hike of 2 to 3 percent for the fiscal year ended in March next year after posting a disappointing interim result.

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