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  • April 18, 2014
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  1. Asia Financial hard hit by disasters, investments

    Posted Mar 03rd 2012, 12:00am

    ... May Chan may.chan@scmp.com Asia Financial plunged into the red last year following heavy insurance payouts to natural disaster victims and an investment loss caused by the downturn ... million in 2010. The insurance sector made a loss of HK$57.6 million. Natural disasters in Asia and Australia, including the earthquakes in Japan and New Zealand, and flooding in Australia ...

  2. Land deals that safeguard nature sites are welcome

    Posted Jan 28th 2007, 12:00am by Staff Reporter

    ... of the measures by which a society is judged nowadays is how it conserves its natural heritage. Our city stands out among developed nations where there is still time to prevent ecological disaster ... of fires and use by off-road-vehicle enthusiasts. For the sake of preserving our natural heritage, the chief executive may need to broker agreement within the government over the way forward. ...

  3. Disaster costs force review

    Posted Jul 22nd 2006, 12:00am by Chris Davis

    ... however, just one of many natural disasters which caused about US$210 billion in damage in different parts of the world last year. One result of these catastrophes and their cost to the community ... not provide a complete view of the true underlying risk. The recent history of natural disasters, including the random nature of terrorist attacks, had shown the industry's exposure to unforeseen ...

  4. Shanxi will close more mines to cut disaster toll

    Posted Jul 24th 2006, 12:00am by Elaine Wu

    ... 'The main cause of coal mine disasters in Shanxi is the numerous openings of mines and the scattered locations of these mines,' Mr Yu said in Hong Kong yesterday. One reason why ... on the mainland, like Guangdong in the early 1990s, Mr Yu said Shanxi had the potential to attract investment into its natural resources and raw materials industries. The province's coal reserves ...

  5. Post-crisis specialists needed

    Posted May 28th 2011, 12:00am

    ... Chris Davis In today's increasingly interconnected global economy, the economic fallout from a natural disaster is rarely confined to the geographic area where the event has occurred. Through the popularity of Exchange Traded Funds and other forms of international investment diversification, natural disasters that take place thousands of kilometres away can shake up investment ...

  6. Airport, AirAsia resume talks

    Posted Jul 11th 2005, 12:00am by Russell Barling

    ... Russell Barling Amid growing commercial pressure, the two sides try to narrow their differences The Hong Kong Airport Authority has resumed talks with Malaysian budget carrier AirAsia about services to Hong Kong just a year after the last round of negotia ...

  7. Booming oil stocks save the index

    Posted Jul 07th 2005, 12:00am by Staff Reporter

    ... Fiona Lau Booming oil stocks save the indexAirlines fly into a storm as fuel costs head higher and rate rises take the steam out of the property market The Hang Seng Index gained slightly yesterday after four consecutive days of losses, supported by oil s ...

  8. Tsunami cuts Asia Manulife earnings

    Posted Feb 12th 2005, 12:00am by Staff Reporter

    ... an unspecified provision for claims related to the disaster held back earnings. 'The decrease was primarily due to a provision established to cover the company's exposure to the tsunami,' ...

  9. Freeze on HOS flat sales to cost $11.4b, Democrats say

    Posted May 30th 2005, 12:00am by Winnie Yeung

    ... Winnie Yeung The suspension of flat sales under the Home Ownership Scheme until 2007 will cost the treasury $11.4 billion, according to Democratic Party research. The party urged the government to resume sales of subsidised flats this year in order to min ...

  10. US court lifts ban on textile quotas

    Posted Apr 29th 2005, 12:00am by Toh Han Shih

    ... Toh Han Shih An appeals court in the United States has lifted a ban on the Bush administration being able to impose safeguard quotas on six Chinese textile items. The ruling sparked fears in the Hong Kong textile industry that it has opened the way for Wa ...




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