Fantasy islands: theme restaurants serve mood with the food

Article Abstract:

Theme restaurants are quickly building a following among restaurateurs in Asia, led by Hong Kong and Singapore in that order. The Elite Group, a Hong Kong-based consultancy, has put up eight restaurants or related projects and expects annual turnover to soon reach KH$100 million. Currently, it is assembling its second Irish pub in Hong Kong, having first put the complete pub together in Ireland before disassembling and shipping it. Details are vital to creating the right geographic ambience without alienating customers.

Eating places, Full-Service Restaurants, Social aspects, International aspects, Restaurants, Ethnic food, Ethnic foods

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Moody's blues: credit warning gives Hong Kong the shakes

Article Abstract:

A report from Moody's Investors Service questioning what would happen if speculation on the Hong Kong dollar forced authorities to boost rates, led to a brief crisis in the colony. The Hang Seng index slipped after the Aug 10 report, the HK dollar weakened, and rates did indeed briefly go up 0.625%. Moody's also rated HK's senior debt A-3, while Standard & Poor gave it an A rating and IBCA an A-plus. Despite concern about post-1997 changes and the effects of declining property values, HK banks seem strong.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Banking industry, Evaluation, Reports, Banks (Finance), Hong Kong, Moody's Investor Service

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Serve the people

Article Abstract:

Citic Pacific's Beijing controlled parent agreed to sell shares in the company to Citic Pacific chairman Larry Yung and other senior managers, reducing the stake held by China International Trust & Investment Corp Hong Kong to 26.45% from 41.92%. The deal caused Citic Pacific shares to rise and investors welcomed the deal as it reinforced Yung's links to Citic Pacific with the expectation that dividends and earnings would be kept high.

Conglomerate corporations, Mergers, acquisitions and divestments, Citic Pacific Ltd., China International Trust and Investment Corporation Hong Kong (Holdings) Ltd.

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