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HONG KONG NEWSPAPER HIGHLIGHTS - AUG 1, 2001.

AsiaPulse News

| August 01, 2001 | COPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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.

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Source: HighBeam Research, HONG KONG NEWSPAPER HIGHLIGHTS - AUG 1, 2001.

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