Hao Tian Development Group Appoints New CEO
The board of directors of Hao Tian Development Group Limited (HKEX:474) has announced that Gao Shufang has been appointed as Chief Executive Officer effective 15 August 2016. In a disclosure…
A8 New Media Group Names New Chief Financial Officer
Hong Kong-listed investment holding company A8 New Media Group (HKEX:0800) has announced the appointment of Lin Qian as its new Chief Financial Officer, taking over from Liu Pun Leung starting…
Allied World Names New Malaysia Head; GoBear Launches in Cebu
Ramesh Sivanathan has been appointed as vice president for Allied World Asia-Pacific and will now act as the country manager in Malaysia, announced Allied World Assurance Company Holdings, a global…
Philippines: Alliance Global Records P11.3bn Net Income in H1
Alliance Global Group Inc. (PSE:AGI), the investment holding company of billionaire Dr. Andrew L. Tan, reported a net income of P6.08 billion in the second quarter of this year, reflecting…
Mesoblast and OZ Minerals Lead Gainers on ASX, Here’s Why
Mesoblast Limited (ASX:MSB; Nasdaq:MESO), a biotechnology company in the area of adult stem cell technology, and OZ Minerals Limited (ASX:OSL), an Australian based modern mining company with a focus on…
Philippines: Insurance Commission Drafts Guidelines for HMO Licensing
The Insurance Commission (IC) of the Philippines is set to issue the Guidelines on the Licensing of Health Maintenance Organizations (HMOs) by the end of this month. “We have drafted…
Australia: Takeover Offer Sends Richfield’s Stock Up 25.93%
Richfield International Limited (ASX:RIS)’s stock gained 25.93% on Thursday at the Australian Securities Exchange to lead today’s gainers at 0.34 a share. The stock reached its 52-week high Thursday as…
San Miguel Corporation Posts Robust H1 Results
San Miguel Corporation (PSE:SMC) registered a solid performance in the first six months of the year, on the back of sustained growth of its core businesses, better refining margins for…
Philippines: Puregold Net Income up 13% in H1 2016
Puregold Price Club, Inc. (PSE: PGOLD) has reported a consolidated net income of Php 2.27 billion in the first half of 2016, which represents a 13% growth compared to Php…
Philippines: DMCI Holdings H1 Net Income Drops 5%
Diversified engineering conglomerate DMCI Holdings, Inc. (PSE: DMC) posted a 5 percent dip in profitability in the first half of 2016. From P6.6 billion, its consolidated net income slid to…
Telstra Announces $1.5 Billion Share Buy-backs
Telstra today released its full year results for financial year 2016, confirming it had met guidance, and that it would return $1.5 billion to shareholders through share buy-backs in addition…
Philippines: Rental Surge Drives Megaworld’s H1 Earnings
MANILA, Philippines – Megaworld, the Philippines’ biggest developer of integrated urban townships and the largest lessor of office spaces, achieved a net income of P6.03-billion during the first half of…
SmartAlpha Launches First Online Data Platform Dedicated to Factor Strategies
Factor investing strategies, including smart beta indices, have become mainstream additions to investor portfolios around the world. As this market has matured, the usual marketing platforms available to index providers…
Call for Entries: The Asian International Children’s Film Festival 2016
The Japan Information and Culture Center (JICC) of the Embassy of Japan in the Philippines, in cooperation with the National Youth Commission (NYC), is now accepting entries for the Asian…
Philippines: Insurance Commission To Issue New Microinsurance Regulations
Although the Philippines is now considered as a frontrunner in microinsurance, the Insurance Commission is set to issue new regulatory frameworks on microinsurance to further trigger its expansion and development…
Megaworld’s Visayas Townships to Generate 50,000 BPO Jobs
Megaworld, the Philippines’ largest developer and lessor of office spaces, is mapping out the so-called ‘Visayas BPO triangle’ with its three huge township developments in Iloilo, Cebu and Bacolod. “We…
SC Affirms Insurance Commission On Prudentialife Plans Liquidation
The Supreme Court (SC) of the Philippines has denied a petition for review filed by Prudentialife Plans Inc (PPI) and its planholders, assailing the decision and resolution of the Court…
Australia: Honan Insurance Group Appoints New Group Director
Honan Insurance Group has announced that Brad Tymmons has been appointed as new group director – broking operations, joining the business to help execute Honan’s global strategy. Tymmons comes with…
Philippines: Increase in Insurance Capital Requirement by End of 2016
By December 31, 2016, all existing insurance companies in the Philippines are required to increase their minimum net worth from P250 million (US$5.3 million) to P550 million. Five months before…