Over 150 people have been killed after a fire broke out at seven under renovation apartment blocks in Tai Po; China Taiping Insurance (Hong Kong) is a lead insurer of the construction site; many firms have offered donations to support those affected.
The strongest storm of the year is causing widespread disruption to businesses, tourists and residents in Hong Kong, Macau, the Philippines, Taiwan, mainland China and Vietnam. Cathay Pacific is cancelling flights from Hong Kong airport from 6pm, September 23 to 6am, September 25.
The Hong Kong government is supporting exporters with insurance and cash flow needs, with Donald Trump now, temporarily, exempting electronics from tariffs imposed on China and Hong Kong.
The storm caused disruption across ports and airports, killed at least 17 people, and the damage set to take months to clear up; it is also happened before the recovery in Florida from Hurricane Helene had finished.
Oct 9, 2024
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Colin Simpson has been appointed CFO of Manulife succeeding Phil Witherington, who in turn becomes president and CEO of Manulife Asia. The insurer sees Asia accounting for 50% of its global earnings.