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.
More: biz.thestar.com.my
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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
Blackmores sees healthy growth in Asia
Vitamins and herbal medicine producer Blackmores Ltd says its future remains healthy, as it gears up to move into new and potentially lucrative Asian markets.
Blackmores announced a first half net profit of $7.4 million, up 8.5 per cent on the previous corresponding period.Its sales increased 10.9 per cent to $72.6 million for the half year.
The company said sales from its international businesses, including those in Thailand, Malaysia and Indonesia, were up 23 per cent on last year.
Blackmores said it is also seeing improved performance in Singapore after recently changing its distributor there.
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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
Rohm and Haas sees one-third sales in Asia by 2010
Chemical maker Rohm and Haas Co. (ROH.N: Quote, Profile, Research) expects the Asia-Pacific region to account for a third of its global sales by 2010, overtaking Europe as its second-largest market, the firms chief executive said on Wednesday.
Ten years ago, (Asia) was 10 percent of our revenue. Now its 20 percent and our goal is in five years it will be one-third of Rohm and Haas, Rajiv Gupta told Reuters in an interview.
To help achieve that goal, the U.S. firm plans to invest between $150 million and $200 million in China
Asia M&A legal champ sees more China deals in 2006
China's mergers and acquisitions market will remain hot in the new year, but the size of individual deals may fall while the number of transactions will likely rise, a top lawyer for Clifford Chance told Reuters.
China was non-Japan Asia Pacific's biggest M&A market in 2005, topping Australia for the first time, with $65 billion in total deals, according to market data firm Dealogic.
"China we believe will remain very hot and probably be the number one market," Roger Denny, head of Asia M&A for Clifford Chance, said on Tuesday.
The size of individual
