Eying aging population | Manulife signs 1st Macau bancassurance deal

Manulife (International) has entered into a distribution agreement with Industrial and Commercial Bank of China (Macau), which will see Manulife’s products sold to the banks’ customers, international-adviser.com reported. Under the bancassurance

Jet Airways to close budget units in search for profit

Jet Airways, the Indian carrier 24 percent owned by Etihad Airways, will end its budget-airline units in an effort to turn its local operations profitable, Chairman Naresh Goyal said. The airline

Hutchison may sell control of Harbour Ring to Oceanwide

Hutchison units Promising Land International Inc. and Uptalent Investments Ltd. are in talks to sell their 71.4 percent stake in Harbour Ring, according to a Hong Kong stock exchange filing

Corporate Bits | CTM and Air Macau announce strategic partnership

The campaign, which was announced yesterday, features a joint Air Macau and CTM offer of air ticket discounts for CTM customers “as a recognition of their long term support over

Chilean president visits Angola and Mozambique to strengthen bilateral ties

In Luanda, Bachelet is expected to review with Angolan authorities the main areas where Chile aims to cooperate with Angola. Chile’s recently appointed ambassador in Angola, Gabriel Zepeda, mentioned agriculture,

World Bank warns of Mozambique’s economic ‘vulnerability’

The Mozambican economy should grow at a pace above the average for sub-Sahara African countries in 2014, but “remains vulnerable” to risks associated to metal and energy prices, warns the

China the second main market for automobiles made in Portugal

China is the second main market for automobiles produced in Portugal, surpassed only by Germany, the Portuguese Automobile Trade Association (ACAP) reported in Lisbon. Sector production figures show that between January

Trust asset growth slows amid shadow banking crackdown

China’s trust assets expanded at the slowest pace in two years as the government cracks down on shadow banking and investors reassess the risks of the high-yield investments. Trust companies’ assets

Man detained over WeChat rumors

Chinese police have detained a man suspected of spreading rumors on WeChat, following authorities’ new regulation on instant messaging services. The man managed a WeChat public account that had published unconfirmed

Rare panda triplets born in Guangzhou

China announced yesterday the birth of extremely rare panda triplets in a further success for the country’s artificial breeding program. The three cubs were born July 29 in the southern city

Authorities hunt fugitive billionaire

An international manhunt is underway for a Chinese businessman who fled the country following allegations of fraud, authorities said yesterday. Interpol has issued a red notice for Liao Rongna of the

INDIA | Asbestos pushed as product for the poor 

The executives mingled over tea and sugar cookies, and the chatter was upbeat. Their industry, they said at the conference in the Indian capital, saves lives and brings roofs, walls

AUSTRALIA| US secretary of state condemns severed head image 

  U.S. Secretary of State John Kerry yesterday described a photograph of a Sydney-born 7-year-old boy clutching the severed head of a Syrian soldier as “disturbing” and “grotesque,” and called for

US, Australia sign military cooperation pact

Lolita C. Baldor, Sydney The U.S. and Australia signed an agreement yesterday that will allow the two countries’ militaries to train and work better together as U.S. Marines and airmen deploy in and

UKRAINE | Gov’t says will deny access to Russian aid

A convoy of 280 Russian trucks reportedly packed with aid headed for eastern Ukraine yesterday, but Ukraine said it wouldn’t let the mission in because it isn’t being coordinated by the international Red Cross

EBOLA OUTBREAK | UN: It’s ethical to try untested medicines

  The World Health Organization declared yesterday that it’s ethical to use unproven Ebola drugs and vaccines in the outbreak in West Africa provided the right conditions are met. The statement from

this day in history: 1966 China announces Cultural Revolution

The blueprint unveiled by the committee shows Peking’s determination to spread the words of leader Mao Zedong and purge all those “who have followed the path of capitalism”. According to news

Offbeat | Scary ride: 24 rescued from stuck Maryland roller coaster

Prince George’s County Fire officials say it took about five hours Sunday to rescue 17 adults and seven children from The Joker’s Jinx roller coaster. Assistant Fire Chief Paul Gomez says

Football | Premier League returns with stronger Man and Mou

But as the waning impact of English sides in Europe last season demonstrated, the Premier League’s allure remains under threat from Spain. Gareth Bale left Tottenham for Real Madrid last

Vox Parva: ‘Arise, shine’ at Asian Youth day

The 6th Asian Youth day will be hosted in Daejeon, South Korea from today to August 17. According to the Vatican Radio, it will be the Pope’s third foreign journey

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