Friday, 22 January 2010
Property developers have reacted with alarm to reports that Beijing plans to enforce a nationwide crackdown on developers found guilty of leaving sites idle for speculative land banking purposes.
The challenge thrown down by Google last week seemed unequivocal: Either China accepts uncensored information on Google.cn or the Internet giant will shut down its operations in the country. ‘We have decided we are no longer willing to continue censoring our results on Google.cn,’ said David Drummond, senior vice-president and Google’s chief legal officer. ‘We will be discussing with the Chinese government the basis on which we could operate an unfiltered search engine within the law, if at all. We recognize that this may well mean having to shut down Google.cn, and potentially our offices in China.’
Hong Kong has no plans to stop foreign companies from listing there by way of introduction despite concerns over the large movements in the share prices of some recent listings, officials from the Hong Kong stock exchange and the government said yesterday.
Tuesday, 19 January 2010
As the saga of Google vs Beijing continues to unfold, the central government appears to be the sole loser at first glance. By almost all accounts, this is one of its biggest public relations disasters in recent years.
Monday, 18 January 2010
Private equity and venture capital have been showing increasing interest in China’s private education market over the last couple of years and seeing huge potential. Recently, the Huiou (Chongqing) Education Equity Investment Fund (Huiou), the first of its kind in China, was launched in Chongqing on December 27, 2009, to seek out education-related firms engaged in the cultural and media sectors as its main investment targets.
The latest batch of companies to debut on the mainland’s start-up board trailed first-day gains of earlier listings on the two-month-old market - as the nation’s central bank began to roll back monetary stimulus.
A Beijing-based lawyer has been jailed for 2-1/2 years by a Chongqing court for fabricating evidence in his defence of an alleged triad boss, a verdict that raises renewed concerns about the mainland’s judicial integrity.
In the past few weeks you have probably read more than enough about the mainland property market - a government minister complaining of expensive apartments beyond his reach; Premier Wen Jiabao promising to cool down the market; Shenzhen and Guangdong confiscating undeveloped land; securities regulators barring developers from fund raising ...
A Chinese entrepreneur who made a record donation of almost US$9 million to Yale University has caused a stir among mainland internet users after he attributed his success to postgraduate studies at the Ivy League school.
Four in 10 residents in south Johor special zone are Singaporean
In the festive last week of 2009, two news stories initially sent chills down the spines of mainland telecom officials. On Boxing Day, the Communist Party’s top anti-graft watchdog announced it was investigating Zhang Chunjiang, vice-chairman and party secretary of China Mobile, for “serious disciplinary breach”, a euphemism for corruption. On December 31, the US Department of Justice and the Securities and Exchange Commission announced that UTStarcom, a maker of telecommunications and networking gear, had agreed to pay US$3 million in fines to settle charges including one alleging its China subsidiary bribed officials of mainland telecom companies to the tune of nearly US$7 million.
Sunday, 17 January 2010
The Shanghai market continues to encounter resistance between 3,300 and 3,400. For the bulls, this is evidence of a developing trend breakout. For the bears, it is evidence of an unsustainable bubble leading to a market crash.
Chinese ‘orphan’ stocks - companies once lured to float overseas but now left neglected - are starting to head home, creating investment opportunities, said the head of money manager Martin Currie’s China business.
According to global website-tracking service Alexa, there are five file-hosting sites within its top 100 website list as of yesterday. The two most popular with downloaders here, Megaupload and RapidShare, are Singapore’s 33rd and 39th most popular sites, respectively.
Cyber attacks that prompted Google to defy Chinese censors appear to have been part of an ongoing campaign to steal source codes and track human rights activists, experts say.
Mainland internet users are contemplating a Google-less future in the wake of the US search giant’s announcement it would no longer accede to government censorship demands.
Half the world, it seems, is at war with bankers over the issue of the bonuses they insist on awarding themselves, come good times or bad, solvency or bankruptcy. Yet, just about all of the suggested remedies to prevent this grand rip-off seem to be missing the point and do not really go to the heart of the issue. In essence, this is that if banks, unlike most other commercial organisations, can afford to dole out vast sums of cash to their (often undeserving) executives, then they must be overcharging for their services. Either that or they are ripping off their shareholders - or more recently, the taxpayer.
Singaporeans are the driving force behind Indonesian doctor Arthur Tjandra’s success: at his 18,000 sq ft Medan clinic Elixir de Vie, up to 90 per cent of those who come in for a nip and tuck are Singaporeans.