PRESS DIGEST - Hong Kong - May 19
HONG KONG, May 19 (Reuters) - These are some of the leading stories in Hong Kong newspapers on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy.
APPLE DAILY
-- Cathay Pacific Airways (0293.HK) said more than 90 percent of its pilots have signed an agreement to take no-pay leave, as the airline copes with the global economic downturn.
SING TAO DAILY
-- Civil servants are face a salary freeze or cuts following the latest salary trend survey. Senior civil servants face salary cuts while the lower ranks face a pay freeze in the next fiscal year.
SOUTH CHINA MORNING POST
-- Henderson Land (0012.HK) is tapping the syndicated loan market for a HK$5 billion facility taking advantage of low interest rate environment, according to market sources. The developer will pay an all-in interest fee of 125 basis points above the Hong Kong Interbank Offered Rate for the 3-years term loan.
THE STANDARD
-- Airlines are likely to push promotions with fare cuts in the coming months following H1N1 flu scares and the economic downturn, according to local analysts.
For Chinese newspapers, see...............[PRESS/CN]
For Taiwan newspapers, see............[PRESS/TW]
