Saturday, 20 August 2011

Taiwan’s court strips Chen’s son of position

The son of Taiwan’s jailed former president, Chen Shui-bian, has been stripped of his position as a city councillor in Kaohsiung after being sentenced on Wednesday to three months in prison for perjury.

Thursday, 18 August 2011

Police seize 'high-quality' fake 100 yuan notes

Police in Zhejiang province have seized an undisclosed number of high-quality counterfeit yuan notes said to look more realistic than any fake cash in recent memory.

Merchants enlisted sham bird’s nest ‘experts’

Mainland bird’s nest merchants accused of selling fake or tainted products staged a press conference with Malaysian officials to defend their reputation. But the event itself was a sham and the officials were bogus.

Yunnan plant dumped toxins for 20 years

A Yunnan chemical plant was exposed for disposing more than 280,000 tonnes of uncontained toxic chromium residue near the source of the Pearl River, dating back about two decades and causing health risks to millions of Guangdong residents.

Wednesday, 17 August 2011

New Chinese Marriage Law Protects Men’s Assets, Angers Women

New Chinese Marriage Law Protects Men’s Assets, Angers Women

Manchester United’s IPO Looks Offside

You’ve got the replica shirt, now buy the shares. That may be Manchester United’s pitch if the U.K.’s leading soccer team pursues plans to raise up to $1 billion through an initial public offering in Singapore. With two-thirds of its 333 million global fan base based in Asia, looking East to raise capital is an understandable move by United’s American owners, the Glazer family. But investor faith in United shouldn’t be as blind as that of its fans.

New set of measurements for white-collar foreigners

Significant changes to Singapore’s employment pass (EP) framework will kick in from January 2012, further tightening the inflow of white-collar foreign workers and potentially raising businesses’ wage costs by an average of one to 2 per cent.

Red Devils may erase debt with Singapore IPO

Man U said to be raising US$1b in Q4; with Credit Suisse hired as book runner

US credit crisis shocks Chinese consumers

Spurred on by state media which have let rip at the “debt-riddled” United States, the Chinese have listened with wide-eyed amazement to tales of American people living well beyond their means.

The US credit crisis has brought to light a fundamental difference between thrifty consumers in China -- the largest foreign holder of US debt -- and their credit-loving US counterparts.

Sunday, 14 August 2011

US oil firm admits spill was bigger than it said

The American operator of troubled oil platforms in Bohai Bay has admitted that the total amount of oil that leaked around its rigs was more than double its original estimates, amid mounting criticism from marine authorities that the company has yet to offer a permanent solution to the problem.

The best prescription to restoring consumers’ trust on the mainland

John Gong urges mainland companies to learn from a benchmark crisis response

Maiden voyage tests for defects

The Varyag’s sea trial is searching for faults following modifications to vessel, experts say

Last hurrah for China’s microblogs?

Authorities, fearing spread of rumours, may tighten control

Cathay pilot and hostess sacked over sex act on airliner

Incident did not happen while any plane was airborne, says chief executive John Slosar

China cuts public home building target

It will build 8 million units for 2012, 20% less than initial goal, in a move that may disappoint investors

Train drivers in low-paid race with time

Being a train driver used to be a prestigious technical career on the mainland. Working for a large, state department meant a stable, well-paid job with the added perk of travelling around the country when few even had the chance to visit a neighbouring city.

Bullet train system unreliable, insiders say

China’s bullet train system still faces many unpredictable risks and any small error could bring another crisis upon the giant Ministry of Railways, industry insiders warn.

Chemical plant at centre of suspicion

Claims surface that petrochemical facility involved in typhoon scare last week operated for a year without environmental approval from provincial watchdog