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American cargo carrier Evergreen International Airlines Inc said on Wednesday it has increased the number of flights from Hong Kong due of high trans-Pacific demand. Evergreen has six weekly Boeing 747 freighter flights a week instead of four per week and said it can't keep up with current demand. "All flights are abso...
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Korean Air Lines Ltd's cargo load factor dropped 3.2 percent in the six months to end-June this year compared to the same 1995 period, the airline's official traffic results provided to Reuters show. The cumulative cargo tonnage carried to end-June was 448,000 tonnes, a rise of 8.2 percent over last year's 414,000 tonn...
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Zhuhai, China Nov 5. (Reuter) China's flag carrier and largest airline, Air China is planning to restart flying to Los Angeles next year, Zhang Jinming, general director of the airline's advertising division said The Beijing, Shanghai service would be "at least twice weekly" and use a Boeing 747-400 or Boeing 747 Combi...
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Cathay Pacific Airways is to add a fourth daily flight between Hong Kong and the Philippines because of increasing demand, a company spokeswoman has told Reuters. The increase comes three weeks after the Hong Kong government announced the successful conclusion of six years of negotiations with the Philippines over a ne...
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China Southern Airlines is ready to start its first European service to Amsterdam on November 26, Ma Ting Wei, manager of the airline's advertising division told Reuyters. Speaking at China's first air show held at the showpiece Zhuhai airport about 35 miles across the Pearl River delta from Hong Kong, Ma also said Chi...
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Federal Express Corporation (Fedex) is planning to utilise another former U.S. military base in the Philippines, Fedex and Philippine officials told Reuters. Senior officials from Fedex, which has its main Asian hub at the former U.S. naval base at Subic Bay, have made detailed visits to the former Clark U.S. air force...
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An American airline has successfully completed a proving flight over Russian air space which the Federal Aviation Administration (FAA) said is an important milestone in the introduction of the Future Air Navigation System (FANS) on trans-Pacific routes. The United Airlines Boeing 747-400 flight from Chicago to Tokyo's ...
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Hong Kong civil aviation department statistics show total air cargo handled in August by country rose by 6.7 percent compared with the same month last year. Air cargo imports on both scheduled and non-scheduled flights reached 59,910.5 tonnes and 71,674.9 tonnes for exports. The top 15 countries figures (rounded) are s...
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Hong Kong Air Cargo Terminals Limited (HACTL) may retain its facilities at Kai Tak as a 'down-town' depot after the territory's new airport at Chek Lap Kok opens, its managing director Anthony Charter said. Air freight forwarders in Hong Kong said they are putting new pressure on the Government to keep Kai Tak's twin t...
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British Airways said it will be able to carry an extra 70 tonnes of air cargo a week when its twice-daily passenger services between Hong Kong and London begin a new, shorter route over China later this month. Chris Humphrey, BA's regional cargo manager Pacific said the new northern route over Chinese air space will me...
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British Airways plans to offer more passenger flights to Hong Kong but will not be changing the current wet lease freighter service to the territory, said chief executive Robert Ayling. "We quite successfully expanded our cargo business by bringing in quite a substantial proportion of freighter capacity from outside th...
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This is Reuters' 2nd ex-Hong Kong air cargo market report. It will be published regulary until a new version is published at a later date. HONG KONG, Oct 17 - (Reuter) Current average ex-Hong Kong air cargo market rates in Hong Kong dollars per kg for a 100kg shipment, with volume-to-weight of six to one. Oct 17 ...
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Hong Kong civil aviation department statistics show cargo handled in August totalled by region rose by 6.7 per cent compared with the same month last year. Air cargo imports on both scheduled and non scheduled flights reached 59,910 tonnes and 71,675 tonnes for exports. Regional figures (rounded) in tonnes are shown in...
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Landing fees at Hong Kong's new Chek Lap Kok airport must be competitively priced compared to other airports in the region, the chairman of Cathay Pacific Airways Limited Peter Sutch said. Reports of fees double those at Kai Tak airport have already caused alarm among airlines and representative groups such as the Orie...
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United Parcel Service of America Inc (UPS) said the first aircraft to use its US$4 million Asia-Pacific hub now under construction in Taiwan will arrive on September 10, Mark Sobolewski, UPS director of engineering for Asia-Pacific told Reuters. He added that the first phase of the hub at Taipei's Chiang Kai Shek airpo...
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British Airways World Cargo (BAWC) is to employ a fourth weekly freighter between Hong Kong and London from next year, BAWC's regional cargo manager Pacific, Chris Humphrey said. "We will definitely be moving forward with a fourth freighter. We are very bullish about the prospects for Hong Kong and Chinese economic gro...
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DHL Worldwide Express is investigating whether to have a new Hong Kong operations centre near the territory's new airport, its Hong Kong and China area manager Andy Tseng said. The proposed centre would be in addition to and complement the express freight centre now under construction at Chek Lap Kok in which DHL has a...
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The Hong Kong Shippers' Council is urging the government to tell airlines that a fuel surcharge on air cargo rates is illegal, the council's executive director Clement Yeung told Reuters. Cargo managers from major airlines operating to Europe met in the territory on October 31 and some agreed to raise ex-Hong Kong carg...
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Cathay Pacific chairman Peter Sutch on Monday dug the first turf for the airline's new corporate headquarters in Hong Kong. "This headquarters... is a firm, visible and concrete example of our commitment to Hong Kong," Sutch told guests and reporters at the huge airport construction site. The US$448 million or HK$3.5 b...
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The head of British Airways World Cargo (BAWC) in Hong Kong, Chris Humphrey, said he is confident of a "dramatic improvement" in freight handling service standards at London's Gatwick and Heathrow airports. One leading Hong Kong air freight forwarder said he is just one customer who is "appalled" at BAWC's handling of ...
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Lauda Air is enjoying "huge passenger growth" on the Hong Kong to Vienna route but cargo is disappointing, the airline's Hong Kong general manager Sunny Yu told Reuters. While there's been a 34 percent increase in the number of passengers along with a 42 percent growth in revenue over the past year, cargo revenue is up...
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Major airlines operating cargo flights to Europe are to raise their ex-Hong Kong cargo rates by HK80 cents per kg from November 4 to try and offset increased jet fuel prices, airline officials told Reuters. Stanley Hui, the chief operating officer of the territory's all-cargo airline, AHK Air Hong Kong Ltd, said an eme...
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Hong Kong Dragon Airlines (Dragonair) is about to buy two new Airbus Industrie consortium aircraft and lease another to cope with increasing demand on its routes into China, industry sources told Reuters. The proposed deal is for two new Airbus A320 aircraft for delivery in 1998 and 1999 with options for five more and ...
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Work will start on October 30 on Cathay Pacific Airways Ltd's new HK$1.6 billion headquarters at Chek Lap Kok, the main contractor, Dragages et Travaux Publics (HK) Ltd, said in a statement. The subsidiary of the French, Bouygues Group said the work includes a 10-storey office building, a 333 room staff complex, a thre...
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DHL Worldwide Express plans to strengthen its role as market leader in China by opening 14 new offices and employing another 600 staff within the next three years, said the company's area manager for Hong Kong and China, Andy Tseng. DHL celebrates its tenth anniversary of China operations next month "far ahead of our c...
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Japan Airlines (JAL) is expanding its new express cargo service called "J Speed" to meet rising demand for rapid deliveries throughout Asia, a JAL spokesman told Reuters. The recently introduced system guarantees delivery for shippers facing urgent deadlines on high volume cargo routes and also offers late acceptance a...
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A labour shortage is threatening to delay completion of Hong Kong's new airport, a senior airport official has told Reuters. The official, Clinton Leeks, director of corporate development for the Airport Authority Hong Kong, the body set up to oversee completion and run the HK$49.8 billion airport at Chek Lap Kok, said...
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Polar Air Cargo is to start new services to New Delhi, Dubai, Bangkok, Kansai in Japan and Manila within the next four months, the all cargo carrier's executive vice president Jack Kane said. Speaking after the handover of Polar's first Boeing 747-200 and 14th 747 freighter in all, Kane said the new acquistion from Air...
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Israel's flag carrier El Al is to start using a Boeing 747 on its once weekly Tel Aviv to Hong Kong service as part of a drive to increase tourism and trade with the Middle East, Abraham Roter, the carrier's the airline's general manager for China, Hong Kong and east Asia said. From the end of this month the 747 will r...
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Investment bankers Salomon Brothers forecast "phenomenal" long term growth prospects for Thai Airways International Ltd and said management is "finally getting serious" about cargo. In a recent 24 page equity research report, its Hong Kong based author Peter Negline recommended traders buy Thai shares below 50 baht bec...
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All-cargo airline Polar Air Cargo is to take delivery of its first Boeing 747-200F series aircraft at Hong Kong's Kai Tak airport on December 13, an airline statement said. The handover of the aircraft fresh from a 'C' check at Hong Kong Aircraft Engineering Company brings the number of B747s in the Polar fleet to 14, ...
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Virgin Atlantic Cargo said it will begin flying a new, shorter route on its Hong Kong to London service later this month which will cut an hour off the journey time and enable an extra six tonnes of freight to be carried westbound and two tonnes eastbound. The division of Virgin Atlantic Airways says China gave permiss...
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Pilots in Hong Kong are becoming better connected thanks to the Internet, says the general secretary of the Hong Kong Aircrew Officers' Association, John Findlay. The association says it is now giving each of its 700 members an e-mail address so they can stay in touch no matter where they are flying. Findlay told Reute...
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Virgin Group's cargo unit in Hong Kong thinks it will move significant amounts of air freight from the territory to South Africa via its new service to Johannesburg from London. "We think there is a big market out there which is rising and that we can compete effectively via London," said Brinkley Chan, Assistant Manag...
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Freight forwarders in Hong Kong say they have been warned that there will be a 20 percent increase in transpacific air cargo rates from the territory when the peak season starts on September 1. Anthony Lau, vice-chairman of the 260 member Hong Kong Association of Freight Forwarding Agents Ltd (HAFFA), told Reuters that...
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Airbus Industrie is for the first time in Asia marketing cargo space aboard the world's largest civil transporter, the consortium's press relations manager in China, David Velupillai, told Reuters. Speaking at China's first airshow being held here, he said the Airbus A300-600 Super Transporter fleet has 800 hours a yea...
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Virgin Atlantic Airways said it is considering replacing its Airbus Industrie A340 aircraft with higher capacity Boeing Co 747-400s because of high demand between Hong Kong and London. But aircraft availability and scheduling preclude an immediate change, David Woodward, general manager commercial for the Virgin Atlant...
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Asiana Airlines is to take delivery of a third new Boeing 747-400 freighter next month to replace a wet leased DC-10 cargo aircraft on the Seoul to New York route, the airline's cargo marketing and sales director, T.S. Kang said. The South Korean carrier uses two DC-10 freighters wet leased from U.S. operators Gemini A...
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Air Hong Kong Ltd (AHK) chief operating officer, Stanley Hui said the August 25 start of its first trans-Pacific service means the airline is now firmly headed in the right direction. The head of Hong Kong's only all-cargo airline told Reuters in an interview said it was "an important milestone towards a much brighter ...
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Cathay Pacific Airways Ltd said it has retired the last of its Lockheed TriStars. Cathay's 19 TriStar airliners in the carrier's old green and white livery have been a familiar sight in the Hong Kong skies since 1975 flying more than 487,000 hours and millions of passengers. At its peak the fleet was logging 609,000 ki...
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Hong Kong-based freight forwarding company U-Freight Holdings Limited is considering opening an office in Guangzhou to take advantage of China Southern Airlines' growing international network, U-Freight managing director Anthony Fong said. Until now, U-Freight's Chinese operations which started nine years ago have been...
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Demand for space has eased slightly as a recent backlog is cleared and some airlines provide extra capacity, but key ex-Hong Kong rates have continued to rise, Reuters research shows. Airlines and freight forwarders report brisk business as the territory's traditional peak season gathers pace and high demand for space ...
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Hong Kong Dragon Airlines (Dragonair) is increasing its flights to Sendai in Japan from October 29 to six a week from the present four, the carrier's chief operating officer Philip Chen said in a statement. "Our services to Hiroshima and Sendai are a good example of how Dragonair is spreading out and serving the region...
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The Hong Kong government said it is focusing on negotiating new overflight arrangements with several countries in time for the 1997 handover to China. Up to now, Hong Kong has come under Britain's traffic rights umbrella. Now it must negotiate its own agreements so airlines can continue to fly over countries on key air...
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Korean Air Ltd (KAL) said there was an 8.4 percent rise in the amount of cargo by weight on both domestic and international flights during July compared with the same month last year and in August there was a 6.3 percent increase. However there was a 2.6 percent drop in July's cargo load factor and a 2.4 percent fall d...
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Engineers are investigating the cause of an engine failure aboard a Cathay Pacific Airways Limited airliner on November 11 which forced return to Ho Chi Minh City on one engine, an airline spokesman said commenting on a report in Flight International. The Airbus A330-300 and 132 passengers had reached 37,000 feet after...
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The chairman of Hong Kong freight forwarding company Baltrans Ltd, Anthony Lau, said he expects to enjoy considerable synergy and economies of scale following the acquisition of a majority stake this summer in a Los Angeles competitor, Fond Group. "As yet there is no integration of the companies, which are still operat...
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All three airlines flying directly between Hong Kong and London said they can start to use a new, short cut to Europe across China from this weekend with the start of winter timetables on Sunbday October 27. This means more cargo and less fuel can be carried along with a cut in passenger journey times of up to an hour,...
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Air Macau said it expects to carry beween 20 and 30 per cent more belly cargo when two more Airbus Industrie A321 aircraft are delivered to serve three new routes into China next year. Speaking from the Portuguese enclave, Air Macau's cargo supervisor sales and marketing Simon Tang told Reuters the new airline is achie...
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HONG KONG, Oct 21 (Reuter) Cathay Pacific Airways said it has successfully handled its first load of pigs destined for breeding in China. Cathay's in house newspaper said 300 pigs with an estimated value of HK$2.8 million were recently flown from Taiwan to Hong Kong en route for breeding farms in China. It said the eig...
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Shipping magnate Tung Chee-hwa made his first appearance in China as Hong Kong's leader-in-waiting on Thursday as Beijing prepared the next milestone in the British colony's transition to Chinese rule. In a one-day meeting on Thursday in Shenzhen, just over the border from Hong Kong, Tung was endorsed as successor to c...
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Pro-democracy demonstrators stormed into a plush Hong Kong conference centre on Friday in an attempt to disrupt a historic meeting convened by China to choose Hong Kong's future leaders. They were stopped by police before reaching the meeting, inaugurated earlier in the day by China's Foreign Minister Qian Qichen. Prot...
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Royal/Dutch Shell's plan to build an oil refinery in China inched closer to reality on Monday when Chinese oil officials revealed Beijing was close to giving its long-awaited approval. A senior Chinese oil official involved in the US$6 billion refinery and chemical complex plan told Reuters that Beijing was poised to g...
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Newspapers in Hong Kong were dominated on Friday by reaction to the death of Deng Xiaoping, with many eulogising his reformist policies that made China, Hong Kong's future sovereign, rich and strong. "Nobody in the course of this century raised the material standards of living of more people than Deng Xiaoping," the wi...
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Hong Kong's future leader Tung Chee-hwa is making plans to travel to major Western countries in a bid to raise the profile of the territory and clear the air over important issues related to its sovereignty transfer. The roadshow, still in the works and its timing dependent on Tung's workload, could materialise before ...
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The future leader of Hong Kong said on Thursday he would discuss the legality and funding of the territory's controversial post-colonial assembly with China's legislators during his visit to Beijing this weekend. "I will discuss with the National People's Congress (NPC) the legal status of the provisional legislature, ...
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China's Zhenhai Refining & Chemical Co Ltd, whose stock price has been lashed by the U.S. missile attacks on Iraq, said investors had over-reacted and assured it was able to overcome present difficulties. "I would call the reaction in (the stock market in) Hong Kong merely psychological...there is minimal real impa...
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Thousands of Hong Kong people took to the streets under rain-filled skies on Sunday to celebrate the 100-day countdown to the resumption of Chinese rule over the British colony at midnight on June 30. The bad weather failed to dampen an outburst of nationalistic pride as dragons, lions and unicorns -- Chinese symbols o...
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The president of Chinese state oil refiner Sinopec said on Thursday the country planned to increase refining capacity and ethylene production to help keep up with rapid economic growth and fast rising energy demand. "Within the ninth five-year plan (1996-2000), we will boost our economic system and growth...According t...
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European parliamentarians urged Hong Kong people on Tuesday to "speak up and not shut up" in the face of growing fears that China will roll back democratic freedoms when the territory reverts to China. They also said they will recommend to the European Parliament to urge Britain to contest China's decision to replace t...
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One of Hong Kong's best-known pro-democracy politicians, Emily Lau, was dragged away kicking and screaming by police after lying down on a road to protest against China's methods of choosing a post-colonial leader. Up to 40 pro-democracy activists scuffled with riot police outside the Hong Kong Convention Centre, where...
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China would, if requested by Hong Kong, provide its support to stabilise fluctuations in the territory's financial markets after the handover next year, China's central bank governor said on Wednesday. "In case of need, the People's Bank of China will, at the request of the Hong Kong Monetary Authority (HKMA) and in ac...
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Long before Hong Kong's handover to China, celebrity painter Liu Yu Yi, whose portrait subjects include Beijing's leaders, is already benefiting from the return of Britain's last Asian outpost to the Chinese fold. Spanning an entire wall in his home in Hong Kong's posh Mid-levels district is an almost finished oil pain...
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A leading Chinese dissident has fled to Hong Kong just days after a colleague in Beijing was sent to a labour camp and is reported to be seeking asylum in the United States, government-funded radio said on Sunday. Radio Television Hong Kong quoted an unidentified source close to veteran democracy activist Wang Xizhe as...
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Ominous gray clouds scudded over Hong Kong on Sunday as the British colony marked the 100-day countdown to the handover, but there were few physical signs of gloom and doom in the wealthy community of six million. More than 7,000 Hong Kong people took to the streets to the din of cymbols and kettle drums in a patriotic...
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Hong Kong's colonial Governor Chris Patten on Monday refused a request by future leader Tung Chee-hwa to support the interim legislature China will install in the territory when the British depart next year. Shipping magnate Tung, emerging from his first meeting with Patten since being chosen on December 11 by a China-...
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The sentencing of Chinese dissident Wang Dan to 11 years in prison in Beijing on Wednesday sparked fears in Hong Kong about curbs on freedoms when the territory reverts to China next year. Hong Kong activists denounced the verdict, and a human rights group vowed to lobby for a resolution to be passed at the United Nati...
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China on Wednesday gave Hong Kong a free hand to arrange media coverage of the colony's historic handover to Beijing, ending fears that the country's communist rulers might restrict press access. Chinese and British negotiators working on details of Hong Kong's transfer of sovereignty announced the agreement after thei...
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Britain and China have agreed to work on a new anti-espionage law in Hong Kong, to take effect after the colony is handed back to Beijing next year, a Chinese official said on Friday after three days of negotiations. Chinese Ambassador Zhao Jihua, China's team leader in the Sino-British Joint Liaison Group (JLG) talks,...
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Lehman Brothers and state-owned China International United Petroleum and Chemicals Co Ltd (Unipec) on Monday announced settlement of a 22-month foreign-exchange trading quarrel and resolved to get on with business. The US$44 million dispute over currency and swap option trading had been broiling since November 1994. Th...
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Hong Kong's pro-Taiwan community flew Nationalist Chinese flags across the territory on Thursday to mark Taiwan's national day for what could be the last time before China takes over in mid-1997. As champagne glasses clinked amidst the laughter of hundreds of guests, Taiwanese hosts and well-known artistes flown in for...
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Hong Kong's leader-in-waiting Tung Chee-hwa returned on Thursday from meeting Chinese leaders in Beijing and pledged to get down to the serious work of shaping his administration. Tung, a former shipping magnate, also said he won reassurances from Beijing that the territory would enjoy a high degree of autonomy after B...
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A leading Chinese dissident has fled to Hong Kong just days after a colleague in Beijing was sent to a labour camp and is reported to be seeking asylum in the United States, government-funded radio said on Sunday. Radio Television Hong Kong quoted an unidentified source close to veteran democracy activist Wang Xizhe as...
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Hong Kong lined up on Thursday to pay its respects to China's dead leader Deng Xiaoping. Colonial Governor Chris Patten was one of the first to be escorted inside the Xinhua news agency, Beijing's de facto mission in Hong Kong, to offer his condolences. Deng died late on Wednesday at the age of 92. "I have written to d...
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China is keen to see a smooth resumption of sovereignty over Hong Kong because it will pave the way eventually for reunification with Taiwan, an expert on Chinese security policy said on Thursday. Jonathan Pollack, a senior advisor on international policy at the Rand think-tank in the United States, also said he expect...
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Chinese flags flew at half mast across Hong Kong, Thursday morning newspapers were delayed and pupils at "patriotic" pro-Beijing schools stood in silence after news that China's patriarch Deng Xiaoping had died. "Deng Dead," screamed banner headlines in Hong Kong's Hong Kong's newspapers when they eventually appeared. ...
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China's Foreign Minister Qian Qichen was greeted by angry protesters on Friday when he arrived to open a historic meeting to choose Hong Kong's future leaders. Police scuffled with demonstrators when they blocked access to the Convention Centre, where Britain will formally return its colony to China in 228 days' time. ...
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Parcels giant DHL Worldwide Express, which has had its foot through the door of Eastern and Central Europe since the mid-1980s, was braced to break even on growing regional business by 2000, a senior executive said. "I would say that certainly by the year 2000 we would be in a breakeven position as a region in its own ...
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Britain's Home Office has warned ethnic minority residents in Hong Kong that they will not get British passports when the colony is handed over to China if they relinquished other passports in order to qualify. In a statement made available late on Friday, the British government said applicants should be solely British...
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The sentencing of Chinese dissident Wang Dan to 11 years in prison in Beijing on Wednesday sparked fears in Hong Kong about curbs on freedom when the territory reverts to China next year. More than 100 demonstrators marched to China's diplomatic mission in Hong Kong to protest against the verdict and a human rights gro...
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When outgoing Chief Justice Sir Ti Liang Yang joined the contest to become Hong Kong's first local leader, he opened up a competition which had been seen as a clash of business titans. Yang, 67, resigned in September as Chief Justice in a bid to become Hong Kong's Chief Executive and step into Governor Chris Patten's s...
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China rejected a British challenge to take it to the World Court and staged a vote on Saturday to set up a Hong Kong parliament that will oust elected lawmakers when Beijing recovers the territory next July. Under heavy security and in a hall decked with red curtains and the Chinese communist red crest with five stars,...
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Air China, China's largest carrier, plans to increase its international routes next year and will boost its fleet with the addition of five passenger planes, a senior manager said on Wednesday. "We would be concentrating on expanding our international routes within the ninth five-year plan (1996-2000)," said Zhang Jinm...
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Hong Kong Governor Chris Patten told a meeting of central bankers on Friday that the territory's economic prosperity was due to its increasingly democratic government. In remarks aimed as much at official audiences over the border in China as at the central bankers attending the financial conference he was addressing, ...
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Hong Kong's future leader Tung Chee-hwa said on Monday the Beijing-approved body set up to replace the existing elected legislature in mid-1997 would soon hold its first sitting -- not in Hong Kong, but in China. Tung was speaking after his first informal meeting with the post-colonial deputies who will take up lawmaki...
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Hong Kong's lawmaking chamber suffered a blow last week when its speaker broke ranks to vie for a seat in an interim body Beijing plans to install in the territory next year, political analysts said on Sunday. Andrew Wong, Legislative Council president, made an about-turn when he said he was seeking a seat in the Provi...
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Commercial sponsors have flocked to the Portuguese enclave of Macau to back Sunday's annual Grand Prix despite fears that China wants to steal the show. Fans of Asia's answer to Monte Carlo fear a Formula One track, recently constructed just across the border in the southern Chinese city of Zhuhai, will seduce sponsor...
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The United States envoy in Hong Kong reminded China on Tuesday of its pledge to preserve Hong Kong's "vital" freedoms after Britain hands the colony over to China next year and said Washington would be watching. Richard Boucher, the U.S. Consul-General in Hong Kong, stopped short of saying what his government could do ...
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China endorsed Hong Kong's Tung Chee-hwa on Thursday as the man to lead the territory after it reverts to Chinese rule in 1997. The 59-year-old shipping magnate proved the overwhelming choice of a Beijing-vetted panel to lead the territory after the British pull down the flag, ending more than 150 years of colonial rul...
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One of Hong Kong's best-known pro-democracy politicians, Emily Lau, was dragged away kicking and screaming by police after lying down on a road to protest against China's methods of choosing a post-colonial leader. Up to 40 pro-democracy activists scuffled with riot police outside the Hong Kong Convention Centre, where...
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Hong Kong's future leader Tung Chee-hwa met a political opponent on Monday he has accused of badmouthing Hong Kong abroad in the run-up to Chinese rule, holding talks that appeared to strike a conciliatory note. However, Tung and Democratic Party leader Martin Lee, a fierce critic of China, remained poles apart on key ...
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Norwegian engineer Kvaerner ASA has set its sights on increasing its Asia Pacific portfolio in coming years where burgeoning economies are taking on more sophisticated technology, a senior official said on Friday. "Our turnover would be up by about 10 percent in 1997, and 50 percent (of the increase would be) generated...
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China on Monday responded coolly to a request for talks from Hong Kong's populist Democratic Party, insisting the party first play by Beijing's rules. Beijing told the party it had to abide by rules governing the creation of the Selection Committee, a 400-member body which will chose Hong Kong's post-handover leader an...
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British Foreign Secretary Malcolm Rifkind met future Hong Kong leader Tung Chee-hwa on Sunday for the first time since Tung was chosen but failed to narrow the gulf between the outgoing and incoming governments. Tung told reporters after the talks that London had refused to budge from its objections to Chinas plans to ...
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China, in a bid to boost the its aerospace industry, this week put on what has been touted as the biggest and costliest airshow it has ever held. "It has been a dream for years for China's aerospace community to host a grand international airshow," Liang Guangda, vice-chairman of the organising committee of Airshow Chi...
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British Foreign Secretary Malcolm Rifkind met future Hong Kong leader Tung Chee-hwa on Sunday for the first time since Tung was chosen but failed to narrow the gulf between the territory's outgoing and incoming governments. Tung, a shipping magnate anointed by Beijing in December, told reporters after the talks that Lo...
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Emaciated refining margins and soaring demand have forced China to raise domestic prices on gasoil effective Friday, Chinese oil sources said. Sinopec earlier confirmed the ex-refinery price for diesel, or gasoil, was being raised to 1,990 yuan per tonne from 1,900 yuan. This is the first time prices have been raised s...
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British Foreign Secretary Malcolm Rifkind on Saturday flies earlier than expected to Hong Kong where he can expect a tough reception on what may be his last visit before it is handed back to China in July. Legislators in the territory are gearing up to grill Rifkind on Sunday on the fate of Hong Kong's freedoms and hum...
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China's state refiner Sinopec is pushing through a series of measures to alleviate diesel shortages that have sparked a bizarre rise in prices in the country since late 1996, Chinese oil sources said this week. After two successive rises in official diesel prices in the fourth quarter of 1996, Sinopec's Beijing headqua...
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Taiwan's call for a "Greater China" joint-venture bank on Wednesday was greeted with caution in Hong Kong, where analysts and businessmen said more details were needed to convince the industry of its feasibility. "It's a good idea. There's certainly a good deal of cross-border trade through Hong Kong," said Carmel Well...
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