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Zurich Financial CEO sees growth potential in Asia but faces environmental risks

Zurich Financial CEO sees growth potential in Asia but faces environmental risks Zurich Financial Group CEO James Schiro said there is substantial growth potential in Asia in life, motor and property insurances, with only 1 pct of natural disasters insured. This compares to a rate of around 40 pct in developed countries, he said. On the downside, growing environmental damage -- caused by the region's enormous growth -- is causing more natural disasters, he cautioned in an interview with Swiss SonntagsZeitung. Zurich's growth rate in past years has been smaller than previously as the group closed down a number of

UPS sees strong growth in Asia-Pac

UPS sees strong growth in Asia-Pac United Parcel Service Singapore Pte Ltd (UPS) expects double-digit growth in volume in Asia-Pacific this year against 16% last year, said managing director Mary Yeo. We are confident of achieving the projected number, as we have a strong customer base in the region and we offer a wide range of supply chain solutions, she said after a briefing on the second annual UPS Asia Business Monitor (UPS ABM II) yesterday. UPS ABM II surveyed 1,203 small- and medium-scale enterprise (SME) leaders in Asia on competitiveness issues between Nov 14, 2005 and Jan 10.

KBC-II halts Star Asia revenue growth

KBC-II halts Star Asia revenue growth The abrupt ending of Kaun Banega Crorepati (KBC-II) due to anchor Amitabh Bachchans ill-health late last year has affected revenue growth of STAR TV Asia by 6-10%, reveals the latest report from Hong Kong-based research company Media Partners Asia. While STAR network Asia was cruising at 20-30% revenue growth in first and second quarters of 2005-06 largely thanks to the the healthy advertising growth in STAR India, for the quarter ended March, 2006, the company registered only 14% revenue growth to $123 million. In Asia, STAR Groups operating income grew 28% year-on-year to reach

We need bosses who know Asia

We need bosses who know Asia THE board of BHP Billiton is gaining two terrific talents in the form of the mining groups own former chief executive Paul Anderson and ex-Ford boss Jacques Nasser, as announced a few days ago. In announcing the appointments, the company talked of continually reviewing the mix of skills and competencies of directors. But its two new directors live in the US. How about next time considering someone with substantial experience of BHPs most important markets - Asia in general and, in growth and promise, China in particular? BHP is only one of an increasing proportion of

Clark sees scope for building links with Asia

Clark sees scope for building links with Asia Prime Minister Helen Clark says the East Asian Summit she has just attended in Malaysia could lead to significant regional "community building". New Zealand and Australia attended the summit this year for the first time, invited by the 10 Association of South East Asian Nations (Asean) members because of their economic links and contributions to development. Miss Clark said today the summit had presented "tremendous opportunities" for personal contact with the leaders of the Asean nations. She said she held bilateral talks with the leaders of China, Japan, Korea, Thailand, Indonesia and several