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HONG KONG, Aug 1 Asia Pulse - Highlights of today's newspapers:
THE SOUTH CHINA MORNING POST
- Kowloon-Canton Railway Corp has missed an opportunity to capture explosive growth in cross-border train passengers with the derailment by environmentalists of its proposed HK$8 billion Lok Ma Chau spur line.
- Dao Heng Bank plans to close 12 branches at the end of the year.
- Hongkong Land has posted a 3 per cent slide in net profit to US$114 million for the six months to June 30, but believes the small amount of grade-A office space expected in Central will boost its bottom line in the medium term.
- Mandarin Oriental International's consolidated net profit in the six months to June 30 rebounded to US$6.2 million, driven mainly by contributions from Rafael hotels and the reopening of one of the group's hotels in London.
- The Hong Kong Government will issue new fixed-line telephone licences by the end of the year in a bid to further liberalise the SAR's telecommunications market.
Source: HighBeam Research, HONG KONG NEWSPAPER HIGHLIGHTS - AUG 1, 2001.