PRESS DIGEST - Hong Kong - April 16
HONG KONG, April 16 (Reuters) - These are some of the leading stories in Hong Kong newspapers on Thursday. Reuters has not verified these stories and does not vouch for their accuracy.
APPLE DAILY
-- Container ship operator Orient Overseas (International) (0316.HK) said the number of standard containers it transported in the first quarter fell 15.6 percent to about 978,000. Earnings per container also dropped 18.5 percent.
MING PAO DAILY NEWS
-- The "Big Four" accounting firms have launched initiatives such as no-pay leave schemes to reduce staffing costs as the number of initial public offerings has languished.
SOUTH CHINA MORNING POST
-- China Huiyuan Juice Group (1886.HK) has been approached by more investors after Beijing blocked Coca-Cola's (KO.N) attempt to buy the mainland's biggest juice maker, the firm's chairman Zhu Xinli said.
-- Hongkong International Terminals, Hong Kong's biggest port operator, has sacked 28 staff amid the economic downturn, and warned that 2009 will be an extremely challenging year.
THE STANDARD
-- John Ho, Asia chief of hedge fund The Children's Investment Fund Management will leave the firm after a disagreement with its founder over strategy, according to a source familiar with the situation.
-- Four unions representing staff from Cathay Pacific Airways (0293.HK) and its unit Dragonair will meet company management today amid mounting speculation that the airlines will soon force all staff to take unpaid leave.
WEN WEI PO
-- PCCW's (0008.HK) appeal court hearing over its privatisation plan begins today. The court has changed the judge for the case as the initial judge was reported to be an acquaintance of PCCW chairman Richard Li.
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For Taiwan newspapers, see............[PRESS/TW]
