Pacific Century Group

Richard Li appoints Ronald Arculli as chairman of insurer FWD

Ronald Arculli will seek out business opportunities. Photo: KY Cheng

Richard Li Tzar-kai has appointed Ronald Arculli as chairman of his new insurance business, FWD, after reinsurance firm Swiss Re invested US$425 million in the company.

Friday, 25 October, 2013, 2:44am 3 comments

Richard Li pays US$2.1b for ING's insurance assets

Richard Li pays US$2.1b for ING's insurance assets

Richard Li Tzar-kai stepped up his game in the financial market by agreeing to pay US$2.14 billion for ING's insurance business in Hong Kong, Macau and Thailand yesterday.

20 Oct 2012 - 11:24am

PCCW stock becomes a value number

PCCW's share price has plummeted since the glory days of the dotcom era.Photo: Reuters

Some investors would shudder or roll their eyes at the thought of investing in PCCW. The firm's chairman, Richard Li Tzar-kai, remains an entrenched symbol of 2000-era dotcom excesses. Hong Kong shareholders were briefly gripped by PCCW mania. This allowed the firm to take over Hongkong Telecom with little more than the Li name, vague plans of global internet broadcasting and a lot of debt.

8 Oct 2012 - 12:24am

PCCW posts sound first-half interim results

PCCW plans to expand production of pay-television programmes and further develop its information-technology services business, as it posted solid interim results following the spin-off of its telecommunications unit.

15 Aug 2012 - 11:23pm

HKT mulls rate rise amid profit gain

HKT Trust and HKT, which runs the biggest fixed-line network in Hong Kong, expects to raise broadband rates after posting major gains in its first interim financial results since November's initial public offering.

15 Aug 2012 - 11:20pm

Clouds clear for tech workers

The term 'the cloud' means many different things to many different people. To some, it's where their Instagram pictures are stored. To businesses it can mean the Google servers where their documents are shared.

15 Aug 2012 - 10:58pm

41 voting firms registered at same address

The voters' list for September's Legco elections reflects a quirk of the city's electoral law: 41 companies that will vote for trade-based seats are all registered at the same commercial address. Twenty-eight other firms all share the same address, too.

20 Jul 2012 - 12:00am

Advertising spending rebounds in May

Hong Kong's advertising market rebounded last month after a slowdown in April.

Major campaigns for 4G wireless network services and new mobile devices helped boost spending on newspapers and television.

23 Jun 2012 - 12:00am

Now TV taps into apps to boost users

More than 660,000 mobile device users have downloaded the Now Player and Now News apps, as PCCW's 24-hour pay-TV service provider, Now TV, seeks to enlarge its pool of users in Hong Kong.

'The growth speed was faster than we expected,' PCCW's managing director for TV and new media, Janice Lee, said.

18 Jun 2012 - 12:00am

New cabinet could carry on with free-TV plans

There is no need to go back to the square one with plans for new free-TV licences if deliberations are not completed in the term of the present government, the commerce minister said yesterday.

Gregory So Kam-leung said the incoming cabinet of Leung Chun-ying could carry on the job with no requirement for new recommendations from the Communications Authority.

12 Jun 2012 - 12:00am

Richard Li said to be eyeing ING Asia units

Telecom tycoon Richard Li Tzar-kai may bid for ING Group's Asia insurance and asset management businesses, according to sources.

30 May 2012 - 12:00am

Disliked headcount rule to be replaced

The government has decided to abolish the unpopular 'headcount rule' governing the process of taking a company private.

It will replace it with a new requirement that will safeguard the interests of small shareholders, a government official told the South China Morning Post yesterday.

29 May 2012 - 12:00am

Sliced cables leave PCCW users offline

More than 10,000 users of Netvigator, PCCW's internet service provider, were denied access to the web yesterday when road construction workers accidentally cut three fibre optic cables in Causeway Bay.

The underground cables were damaged by a roadwork contractor for the Highways Department during work on the Central-Wan Chai Bypass, PCCW said.

14 Apr 2012 - 12:00am

CVC to buy City Telecom assets

City Telecom, with its focus fixed on entering Hong Kong's free-to-air television market, has agreed to sell its telecommunications assets for HK$5.01 billion to a company backed by British buyout firm CVC Capital Partners.

12 Apr 2012 - 12:00am

PCCW sets up pay-TV push as its profits slip

PCCW, the media and information- technology services giant controlled by Richard Li Tzar-kai, plans to boost investment in its pay-television business and expand support for corporate data centres on the mainland this year.

29 Feb 2012 - 12:00am