Corporate Bits | Macao Water awarded for corporate responsibility

Invited by Chinawater.net, Macao Water participated in the Thirteenth Water Industry Strategy Forum 2015, held in Beijing earlier this year. The Forum 2015 provided a platform for participants to discuss and exchange ideas about various water-related topics. These included such talking points as operations, service upgrades, current situations, competition and challenges in the water supply industry. In addition, Macao Water was awarded the title of “2014 Best Enterprise in Delivering Corporate Social Responsibility in China Water Industry” by the organizer as recognition and approval of the company’s outstanding achievements.
The Forum invited environmental leaders from the political, commercial and academic sectors to attend the event. These leaders conducted in-depth discussions on a series of issues, including China’s environmental protection industry developments and future trends, PPP policies and new environmental laws in the country. According to a press release issued by Macao Water, the criteria for the award of “2014 Best Enterprise in Delivering Corporate Social Responsibility in China Water Industry” included specifications regarding a company’s technological innovation, management, scale of operation, social responsibility fulfillment, brand image and social reputation.

China Southern Airlines launches   Wuhan – Macau flight

China Southern Airlines’ (CZ) inaugural flight from Wuhan to Macau landed at the Macau International Airport on April 3.
The airline will be providing three services between Wuhan and Macau per week.
When the inaugural flight arrived, a delegation led by Mr. Eric Fong, director of the Marketing Department of Macau International Airport Co. Ltd. (CAM), warmly received the crew members at the boarding gate, where they offered cordial greetings and congratulations to the crew on the first successful flight. They also expressed hope that this is the start of further and deeper cooperation between CZ and MIA.

Manulife signsUSD1.2b deal to distribute products via DBS

Manulife Financial Corp., Canada’s largest life insurer, will pay DBS Group Holdings Ltd. S$1.6 billion (USD1.2 billion) to sell its insurance products in Asia.
Manulife will distribute its life and health insurance products through the DBS network in Singapore, Hong Kong, China and Indonesia, Southeast Asia’s largest lender said in an exchange statement. The statement indicates that the 15-year agreement will take effect from January 2016.
Global insurers have been seeking distribution tie-ups with lenders that have large Asian branch networks. AIA Group Ltd. has an agreement to distribute its products through Citigroup Inc. outlets in the Asia-Pacific region, and last year Prudential plc extended its arrangement for selling life-insurance products in the region via Standard Chartered PLC.
The agreement “accelerates our growth in Asia, deepens and diversifies our insurance business, and gives us access to a much wider range of customers,” Manulife President and Chief Executive Officer Donald Guloien said in the statement.
Manulife will fund the initial S$1.6 billion payment with internal resources, according to the statement, with additional variable payments to be made depending on the success of the venture.