...INTRODUCTION Hong Leong Bank Berhad ("Hong Leong Bank" or "Bank"), a public listed company on Bursa Malaysia, is a member of the Hong Leong Group Malaysia ("the Group")."). Hong Leong Bank was founded by Mr. Lam JiChiewIn. Headquartered in Malaysia, the Group has been in the financial services industry since 1968 through Hong Leong Finance Berhad and since 1982 through Dao Heng Bank Ltd. in Hong Kong. Dao Heng Bank Ltd. has since been sold to another banking institution. Hong Leong Bank started its humble beginning in 1905 in Kuching, Sarawak, Malaysia under the name of Kwong Lee Mortgage and Remittance Company and later in 1934, incorporated as Kwong Lee Bank Ltd. In 1989, it was renamed MUI Bank, operating in 35 branches. In January 1994, the Group acquired MUI Bank through Hong Leong Credit Berhad (now known as Hong Leong Financial Group Berhad). This milestone saw the birth of Hong Leong Bank and in October the same year, Hong Leong Bank was listed on the Kuala Lumpur Stock Exchange (now known as Bursa Malaysia). In 2004, the finance company business of Hong Leong Finance Berhad was acquired by Hong Leong Bank. With more than 100 years of banking knowledge and experience, Hong Leong Bank today has a strong heritage, leading market positions and a well-recognized business franchise and brand. In 2011, Hong Leong Bank completed the merger with EON Bank Group. The merger effectively transforms the Bank into a banking group of more than RM145 billion in assets and an...
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...The relationship between management and shareholders is sometimes referred to as an Agency Relationship, in which managers act as agents for the shareholders, using delegation powers to run the affairs of the company in the best interest of the shareholders. Since the agent and the manager may have different value of the company to perform agency relationship share prices.When a manager hires an agent to carry out specific tasks, the hiring is be called principal agent relationship, or simply an agency relationship. When a conflict of interest between the needs of the principal and those of the agent arises, the conflict is called an agency problem.In financial markets, agency problems occur between the stockholders and corporate managers .While the stockholders call on the managers to take care of the company, the managers may look to their own needs first. It should be stressed that most severe conflict of interest exists between shareholders and managers . This situation exists despite the rights of shareholders to manage the company by participating and they may also sell the shares that they own and put their company at risk of being taken over, For example, if managers hold none or very little equity shares of the company they work for, what is to stop them from working inefficiently, not bothering to look for profitable new investments opportunities, or giving themselves high salary or perks and managers avoid problems stemming from reductions in employment levels...
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...56% 42.35% 20% Usaha Tegas Sdn Bhd 70% Measat Global Bhd Astro All Asia Networks Plc 100% Johnston Press Holdings Plc Maxis Bhd 30.92% Binariang Satellite System MEASAT Broadcast Network 100% Tanjong Plc ASTRO Overseas Ltd 100% 67% Impian Klasik (Menara Maxis) 50% Pan Malaysian Pools 100% Uniclic Ltd 75% Powertek Bhd 100% Tropical Island Asset Mgmt (Germany) TGV Cinemas Source : Annual Reports 2009 : Bursa Announcements : MSWG Tracker : Malaysian Business,2009 : StarBiz The next update will be in June 2010. Tan Sri Quek Leng Chan 52.9% 71.4% 71.3% 66.4% 45.6% Hong Leong Financial Group Bhd 25.30% Hong Leong Industries Bhd Guoco Group Ltd (HK) Hume Industries Bhd Tasek Corp Bhd 5.1% 64.2% 61.6% 65.2% 40.5% Hong Leong Bank Bhd 75.0% Malaysian Pacific Industries Bhd Guocoland Ltd (Singapore) 65.0% Southern Steel Bhd 61.60% Kencana Petroluem Bhd 1.3% HLG Capital Bhd Guocoland (M) Bhd 55.7% Narra Industries Bhd 13.1% Petra Perdana Bhd GuocoLeisure Ltd 8.01% Bank of East Asia Source : Annual...
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...Health and Nutrition • Household Cleaning • Car Care • Personal Care • Cosmetics & Fragrances • Kitchen and Cookware • Bodyshaping Lingerie • Undergarments and Apparel • Food and Beverages • Π Water Systems • Health and Nutrition • Household Cleaning • Car Care • Personal Care • Cosmetics & Fragrances • Kitchen and Cookware • Bodyshaping Lingerie • Undergarments and Apparel • Food and Beverages • Π Water Systems • Health and Nutrition • Household Cleaning • Car Care • Personal Care • Cosmetics & Fragrances • Kitchen and Cookware • Bodyshaping Lingerie • Undergarments and Apparel • Food and Beverages • Π Water Systems • Health and Nutrition • Household Cleaning • Car Care • Personal Care • Cosmetics & Fragrances • Kitchen and Cookware • Bodyshaping Lingerie • Undergarments and Apparel • Food and Beverages • Π Water Systems • Health and Nutrition • Household Cleaning • Car Care • Personal Care • Cosmetics & Fragrances • Kitchen and Cookware • Bodyshaping Lingerie • Undergarments and Apparel • Food and Beverages • Π Water Systems • Health and Nutrition • Household Cleaning • Car Care • Personal Care • Cosmetics & Fragrances • Kitchen and Cookware • Bodyshaping Lingerie • Undergarments and Apparel • Food and Beverages • Π Water Systems • Health and Nutrition • Household Cleaning • Car Care • Personal Care • Cosmetics & Fragrances • Kitchen and Cookware • Bodyshaping Lingerie • Undergarments and Apparel • Food and Beverages • Π Water Systems • Health and Nutrition • Household Cleaning...
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...-"Social scientists have long been impressed by the political stability of Hong Kong, escpecially the amicable relationship between the alien colonial state and the overwhelmingly larger Chinese population. What made this so? -"laissez-faire and non-interventionism", reducing the potenital of conflict. -traditional political apathy of Chinese -Hong Kong does not fit classical patterns of colonialism -theorize the importance of "segmentation" by race or ethnicity He argues that it is dangerous to overlook the colonial aspects of the Chinese community, and article traces the historical roots between the Hong Kong bourgeosie and the colonial government was not a conquest state, but still retaining the characteristics of a colonized entity. It has a very moderate stance. -Some Chinese may have even credited Britain's of Hong Kong not to them, but to the local Chinese; Hanjian; local Chinese refused to cooperate -Tankas and Loo Aqui (provided the British with fuel and merchant supplies, also courted by other chinese officials and dominated the opium monopoly) -free port attracvted a "great influx of natives" -moved from Macau to Hong Kong Tam Achoy, (Cantonese), had dealings with British before Why were they willing to help the British? LAND REFORM --> they used land to build up the elite MONOPOLIES-->British paranoid with what the Chinese were "selling" Chinese markets run by monopolies Chinese contractors, landowners, merchants did not expansion...
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...SPORTS OBERMEYER Introduction Sports Obermeyer Ltd. is a successful ski apparel company that needs to address logistics related decisions. The company was founded in 1947, by Klaus Obermeyer and it has continued to excel through latest trend spotting resulting in continuous product innovation. Currently the demand forecasting for the products is done by considering the average sales forecasts given by internal members. Postponement techniques were being used (by keeping large amount of greige material) so as to make the supply chain more responsive. In the apparel industry it is becomes necessary that clothing makers and sellers maintain long lead times. In case of Sports Obermeyer, the lead time is approximately 2 years. Such long lead times result in stock-outs of popular items during peak selling periods and leftover stock of not so popular products which eventually are sold at below cost rates. To handle the problem of overstocking of less preferable, Sports Obermeyer can go for promotional campaigns and stimulate the market. But this might also lead to the aggravation of the stock out issues of the popular products. Sports Obermeyer has a limited geographic diversity and a huge product line. Currently Sports Obermeyer is operating in only Canada, U.S.A. and Great Britain. Moreover the regulations from the U.S. government limit the number of apparels that can be imported into the country. SWOT Analysis Strengths: History of product innovation. Buying committee...
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...My first recommendation would be to continue to invest and grow in previously under-penetrated markets. By applying a lot of focus in this area, the company would be able to optimise on the lack of existing focus in the countries, and make a name for themselves worldwide. Burberry have already positioned themselves to be able to do such a thing in China with the acquisition of the Burberry business in China. For about £65m, the Group acquired 50 stores across 30 cities, which had previously been operated by its Hong Kong based franchisee. This acquisition gives the Group control of the Burberry brand in the fastest-growing luxury market in the world. Ten new stores have already been opened since the acquisition, including the brand’s most digitally-advanced flagship in the world in Beijing. Merchandising and inventory initiatives have successfully driven productivity in existing stores, with comparative store sales up about 30% in the second half of the year. By continuing with this focus in China specifically, where they have already had signs of success and growth, the company would be able to build on their brand name and attract new markets throughout China, and also the rest of the Far East as China tends to be a trend setter in that part of the world. This strategy would be a relatively low risk one for Burberry, as they already have the foundations there that are showing success and so, with use of good market research to find out specific locations, this could...
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.....:: Jordan Research - Publications ::.. http://www.jordanresearch.co.uk/pubs.html NAVIGATION Home UK Consultancy Overseas Publications GLOBALISATION AND BIRD'S NEST SOUP David Jordan This is an amended version of an article first published in International Development Planning Review, Volume 26, Number 1, Liverpool University Press, 2004 Summary Almost un-noticed by outsiders, an extraordinary industry has emerged in Indonesia to meet a specialised demand from the nouveau riche of the Peoples’ Republic of China (PRC). This industry produces the prime ingredient of the famous bird’s nest soup, also used in traditional Chinese medicines and cosmetics. It is an urban industry, using substantial specially designed buildings, that has transformed a number of Indonesian towns. So far there has been little serious research into this phenomenon. The Indonesian government statistical agency (Badan Pusat Statistik) confesses that the industry output, though considerable, is not captured by its GDP estimates. Enquiries are hampered by the secretive behaviour of the practitioners, who jealously guard their trade secrets. The author is an economist/planner who first observed the phenomenon when conducting fieldwork for an urban development project in North Sumatera. He is currently preparing a research project on the subject to be carried out in association with Badan Pusat Statistik. The nests of bird’s nest soup are produced by the genus aerodramus (formerly collocallia)...
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...2. A review of current and expected economic conditions (e.g. inflation, recession) that would be material in forming your recommendation.The current global economy highly influenced by the debt crisis in Europe zone, the overll air freight is weaken compared to previous year however the number of air freight remaining positive except middle eastern airlines taking more than 50% of the air freight than other regions. IATA (2012) indicated the growth rate of China’s gross domestic product has resulted in a three-year low, a slow growth for industrial production as well as retail sales, contributing a slow growth rate at 4.4% in China's domestic passenger markets. In Lanman, S. and Panckhurst, P., (2012)'s news report, China’s export growth cooled to 9.2 percent in the first half of the year, a 24 percent decrease in the first six months of 2011, the figure reflected declining number in both cargo and passengers carrier for Cathay Pacific and China Southern Airways, accompany with the high jet fuel prices, the future in airlines industry is pessimistic.According to Wallis (2012), China Southern Airlines claimed there is 50% drop in net profit compare to last year, contributed by high jet fuel costs, losses in exchange rate (6.3760 against the dollar) and China’s slowing down economy due to Europe’s austerity measures and government debt burdens. On the other hand, its major rival Cathay Pacific announced billions dollars investment on more fuel efficient and nautical miles aircrafts...
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...effectiveness of the system (Smith, Robert). The company's territory is lagging behind due to an inadequate infrastructure and missing out on the benefits technology has to offer. The company is not able to reach its full potential while overcoming barriers and being able to successfully connect with each other to conform to specific needs. Another challenge is coming up with a proper infrastructure in Hong Kong for finance and technology to bring the company's region up to date with the United States and Europe in e-business adoption together with gaining a competitive advantage. Dealing with technology and software issues such as being able to integrate an existing systems into a new online business system can be both demanding and expensive. Gold Peak Industries will need to improve the use of maximum liability for credit card transactions that are not authorized in Hong Kong such as in the United States and in the United Kingdom. However, the challenge posed here is that SWIFT transfer and wired bank access are not widely available in Hong Kong and the existing banking services in Hong Kong are not comprehensive enough to facilitate customers making it difficult to conduct online trading (Case 1, Gold Peak Industries). The general operating business environment will continue to be a challenge in respect to...
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...Introduction In recent years, the search of quality lifestyle with an affordable pricing seems to be one of the main stream desire within this little Far East city, Hong Kong. Since the 1960s to the 21st century now, the culture and life style had experienced significant change in being a colony to a special administrative region and from man power industry to a more customer base industry. These changes have created many impacts to the people who live in this city. Due to the extreme transformation of the nature in the aspect of work, the society is no longer satisfied with a simple life style. The need for different ways of relaxation have been increasing and the locals live within has an extremely high demand for their choices in traveling, dining and cultural information. With the strong influence from the east and the west, combining with its own root from China, this created a high diversity of acceptance from the people within this city. There are many types of magazines that accommodate the reader’s need locally, from gossip to politics, gadgets to latest fashion. One of the most outstanding out of all is the ‘U Magazine’. Under Hong Kong Economic Times Limited, this publication was launched in 2005, offering an all-inclusive leisure guide in Hong Kong, consisting three individual parts with five topics – U Travel, U Food combine with U Life, U People combine with U Style. Target Audience The purpose and genre of U magazine is somewhat obvious. The front cover...
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...Group Assignment UNICON CONCRETE PRODUCTS (H.K.) LTD CASE REPORT Module 4: Operations management College: Humber Class: Wednesday, 6:30 pm – 9:30 pm Submitted by: Shilpa Puri, Maria Tolokonnikova, Davinder Matharu, Adina Goldfarb, Zeeshan Hanif Date: April 2nd, 2014 Table of Contents EXECUTIVE SUMMARY Page Part 1 Executive Summary 3 ISSUE IDENTIFICATION Part 2 Immediate Issues 4 Part 3 Systemic Issues 4-5 ENVIRONMENTAL & ROOT CAUSE ANALYSIS Part 4 Qualitative Analysis 5-6 Part 5 Quantitative Analysis 6-7 ALTERNATIVES AND/OR OPTIONS Part 6 Alternatives 8-9 RECOMMENDATIONS Part 7 Recommendations & Action Plan 9-11 IMPLEMENTATION Part 8 Recommendations Implementation Plan 12 MONITORS & CONTROLS Part 9 Monitors and Controls 13 Part 10 Conclusion & Management Plan 13 Part 11 Future State 14 Appendixes 14-15 References 16 PART 1: EXECUTIVE SUMMARY Unicon has already positioned itself strategically...
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...New Lavender-scented face-mask announces on 9 Dec – introduces new way to get away from pollution (Hong Kong – 27 November 2012) Lavender-scented face-mask, arguably one of the most successful innovations in the medical point of view, is about to launch on 9 Dec, at the charity event in aid of the Asthma Foundation. The event will be held at Intercontinental Hong Kong. In the event, attendance will have an opportunity to get the most up-to-dated information about Asthma; they can have a closer look to the captioned innovation as well. Difference from the other face-masks, the face-mask invented by Ultimate Health Ltd. used a thickened fiber as its surface. The thickness is equivalent to the masks used for military’s. Its design is specifically catered to the needs of Chinese by which two iron wires are added on both the top and the bottom of the masks ensuring the breathing system of the people in used of its face-mask are entirely protected. Its lavender-scented makes the mask standing out from the other face-masks with no special favors. This could effectively prevent 67% of the pollution in the air from reaching people’s lungs if the mask is using properly. Asthma Foundation was founded by professionals afflicted with Asthma; AF was established to provide educational resources that inform patients, medical professionals and the general public about the latest clinical advances, management and treatment options for Asthma disorders. President for the Asthma Foundation...
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...one of the renowned gaming centers of the world. In 2006, the revenue earned from gaming in Macau surpassed that of Las Vegas, and all taxes associated with gaming amounted to almost 75% of government revenue. The relaxation of travel restrictions coupled with the growth in the gaming segment resulted in nearly 27 million travelers visiting China in 2007, an increase of almost 62% over the preceding three years. Macau’s traditional textile industry has gradually shifted base to China due to termination of the Multi-Fiber Agreement in 2005. The Closer Economic Partnership Agreement (CEPA) signed between Macau and China allows tariff free movement of goods from Macau to mainland China. Pataca, the currency of Macau is closely connected with Hong Kong dollar and is freely accepted in Honk Kong. Economic activities of Macau Services activities dominated by tourism and gambling contribute nearly 96% towards its GDP (gross domestic product). Wholesale and retail trade, financial services, construction, and transport and communications are the other tertiary sector activities. The industrial sector is dominated by electronics, footwear, textiles and toy manufacturing facilities. Industries or secondary economic activities constitute almost 4% of GDP. The contribution of agriculture to Macau’s economy is negligible. With only 2% of total area of Macau under agricultural use, the contribution of this sector towards GDP is around 0.1%. Apart from vegetable farming, fishing is a vital...
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...Factiva http://global.factiva.com.ezproxy.lib.monash.edu.au/aa/?... China auction house holds first sale in Hong Kong AFP(AFP) 481 字 2012 年 10 月 7 日 Times Of Oman TOMAN 英文 Copyright 2012 Times Of Oman. Provided by Syndigate.info, an Albawaba.com Company All Rights Reserved. Hong Kong: China s oldest auction house held its first sale in Hong Kong Sunday, underscoring an intensified competition between Chinese auctioneers and their foreign rivals in the booming art market. Over 300 collectors packed the auction hall at the one-day sale by China Guardian, which offered more than 300 Chinese paintings and calligraphy including works from renowned artists Zhang Daqian and Qi Baishi. The sale, expected to fetch nearly $24 million, was the firm s first auction outside of mainland China since it was set up in 1993. "This is our first step to go global. We want to be a part of the global art market," China Guardian marketing director Jay Sun told AFP. "We believe there is a huge room and enormous space for the Chinese art market to develop," he said at the sideline of the sale that drew fierce bidding from collectors in the room and by telephone. The star lot at the auction was a 1922 landscape series from Qi painted in colour inks titled "Album of Mountains and Rivers", which fetched HK$46 million ($5.9 million), nearly doubled its pre-sale estimates. Qi -- who is now ranked the world s second highest valued artist by auction revenue, ahead of Andy Warhol and Pablo Picasso --...
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