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'Home run' for budget hotelier

Business | Hotel and tourism
2009-11-11

HOME Inns & Hotels Management Inc, China's largest budget hotel chain operator, said yesterday net income more than doubled from a year earlier in the third quarter of 2009. The result came after strong performances...

Hotels accept bookings for next year's Expo

Metro | World Expo
2009-11-3

MORE than 200 hotels in the city have started accepting bookings for the World Expo next May. Travel agents said today that although room prices are expected to rise during the event, prices would not be as high...

Proceeds of yuan bond sale triple offer

Business | Macro-economy and policy
2009-10-22

THE Chinese mainland's first overseas sale of yuan-denominated bonds was three times oversubscribed in Hong Kong, reflecting investor confidence in the mainland's robust economy. The sale drew 18 billion yuan...

Business tax exemptions

Business | Accounting, auditing and taxation
2009-10-1

THE Ministry of Finance yesterday said China exempts business tax on individuals' income from trading financial products such as stocks, bonds, and foreign exchange products. The exemption, approved by the State...

Later hotel check-out time gets mixed reception

Metro | Hotel and tourism
2009-9-9

SOME city hotels have agreed to later check-out time from this week, while others are worried the practice may adversely affect arriving guests. The China Tourism and Hotel Association over the weekend removed...

Flexible checkout times for hotel guests

National
2009-9-4

TOURISTS who stay in Chinese hotels may now be able to check in before 2pm and check out after noon under new regulations, Beijing Morning Post reported today. The new laws allow hotels to choose to defer their...

Fiscal revenue growth slows

Business | Macro-economy and policy
2009-8-13

CHINA'S fiscal revenue growth slowed last month from June as the government's finances remain tight, the Ministry of Finance said yesterday. Fiscal revenue grew 10.2 percent year on year to 669.6 billion yuan...

Write-downs put hotel group in red

Business | Hotel and tourism
2009-8-12

INTERCONTINENTAL Hotels Group Plc yesterday posted a net loss of US$56 million in the second quarter after writing down the value of some of its recession-hit businesses. The loss represented a turnaround from...

Hotelier gains from income rise, bond buyback

Business | Hotel and tourism
2009-8-7

HOME Inns & Hotels Management Inc, operator of the country's largest budget hotel chain, said yesterday net profit exceeded 100 million yuan (US$14.6 million) in the second quarter of this year amid a revenue rise...

Japan exports fall at slower pace

Business | Foreign trade
2009-7-24

JAPAN'S exports in June fell by the smallest margin in six months, adding to evidence that global demand is recovering as the recession loosens its grip. Shipments from the world's second-biggest economy fell...