Monthly Archives: August 2010
Table of Contents of August 2010
1. Cover story
Taiwan soars in world competitiveness ranking
2. Economy outlook
Both auto output and sales surpassed 10M in the first 7 months in China
3. Financial strategy
PetroChina achieved sharp growth in first half of 2010
4. Legal spotlight
Taiwan pushes across-the-board direct hiring of foreign workers
5. Point of interest
6. Portrait
Tian inducted into Global MIP 50 for fifth Time
7. Remark from editor
What went wrong in the Philippines is what goes right in Hong Kong
Filed under Contents
Taiwan soars in world competitiveness ranking
In the IMD World Competitiveness Yearbook 2010 issued in May, Taiwan’s place in the global competitiveness ranking has soared to the 8th place, up from 23rd place last year. This is the fastest advance made by any of the 58 economies surveyed for the report. The credit for this achievement goes to huge improvements in Taiwan’s total score in four core indexes: Economic Performance, up from 27th place to 16th; Government Efficiency, up from 18th to 6th; Business Efficiency, up from 22nd to 3rd; and Infrastructure, up from 23rd to 17th. Continue reading
Filed under Cover story
Both auto output and sales surpassed 10 M in the first 7 months in China
China’s auto output and sales in the January-July period both surpassed 10 million units, respectively 10.21 million and 10.26 million, up by 44% and 43% year-on-year. The main features are as follows: Continue reading
Filed under Economy outlook
PetroChina achieved sharp growth in first half of 2010
PetroChina Company Limited (“PetroChina” or “the Company”, HKSE: 0857; NYSE: PTR; SSE: 601857) announced on August 26, 2010 that it continued to implement its “resources, market and internationalization” strategies in the first half of 2010 despite a complicated macro-economic environment. Net profit attributable to owners of PetroChina for the six months ended 30 June 2010 was up 29.4% to RMB65,330 million from the same period in the preceding year, based on International Financial Reporting Standards (IFRS). Basic earnings per share were RMB0.36, representing an increase of RMB0.08 from the same period in the preceding year. The Board of PetroChina has resolved to pay an interim dividend of RMB0.16063 per share (inclusive of tax), or a payout ratio of 45% based on the interim net profit under IFRS. Continue reading
Filed under Financial strategy
Taiwan pushes across-the-board direct hiring of foreign workers
Taiwan’s Council of Labor Affairs (CLA) plans to expand the direct hiring of foreign workers and allow employers that hire foreigners for the first time to do so directly. This will save brokerage fees for employer and employee alike and facilitate improvement of the salary structure for foreign workers (while leaving their salaries subject to Taiwan’s minimum wage), thereby helping out with employers’ operating costs. Continue reading
Filed under Legal spotlight
Universiade one year to go
The 2011 Universiade will be held in Shenzhen on August 12-13, 2011.
The International University Sports Federation, FISU, arose within university institutions to propagate sport values and promote sports practice in perfect synergy and complementarity with the university spirit. Continue reading
Filed under Point of interest
Tian inducted into Global MIP 50 for fifth time
British magazine Managing Intellectual Property (MIP) announces this year’s selection of 50 most influential people in intellectual property (IP). China’s State Intellectual Property Office (SIPO) Commissioner Tian Lipu, Li Jianchang, the Director General of Trademark Office under the State Administration for Industry and Commerce, Li Qunying, IP Director of General Administration of Customs, and Song Liuping, Huawei Technologies’ Chief Legal Officer, are on the list. Tian is in the circle for the fifth time. Continue reading
What went wrong in the Philippines is what goes right in Hong Kong
Cheming Yang
In this month, we saw a tragic ending of a hostage situation in Manila. A disgruntled former police officer hijacked a bus loaded with tourists from Hon Kong (HK). As televised live from the scene, the Philippine National Police (PNP) botched the job and ended this siege with a stunning loss of 9 lives after a chaotic SWAT assault.
Filed under Remark from editor
GOLD MONEY TALK 