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Archive for February 24th, 2015

Sydney Opera House Turns China Red to Welcome Year of the Goat

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SYDNEY, Feb. 18, 2015 /PRNewswire/ — The sails of the world famous Sydney Opera House have changed colour to mark the start of the Lunar New Year of the Goat.

The Sydney Opera House lit in red (Photo credit: James Horan)
The Sydney Opera House lit in red (Photo credit: James Horan)

NSW Premier Mike Baird and a red Sydney Opera House (Photo credit: James Horan)
NSW Premier Mike Baird and a red Sydney Opera House (Photo credit: James Horan)

NSW Premier Mike Baird and Chinese Consul General Li Huaxin (Photo credit: James Horan)
NSW Premier Mike Baird and Chinese Consul General Li Huaxin (Photo credit: James Horan)
The Premier of the Australian State of New South Wales Mike Baird joined Sydney’s Chinese community on the Sydney Harbour foreshore for a special ‘lights on’ moment to light up the iconic sails.

“The Sydney Opera House is one of the world’s most recognised buildings and we are proud to host the biggest Lunar New Year celebration outside of China,” Mr Baird said.

“It’s a spectacular sight to see the Sydney Opera House bathed in ‘China red’ as we farewell the Year of the Horse and welcome the start of the Year of the Goat.

“The beginning of the Lunar New Year has become an anticipated celebration in our multicultural State when we join communities celebrating the New Year – including those from China, Indonesia, Malaysia, South Korea and Singapore.

“As we farewell the Year of the Horse we reflect on the successes of the past 12 months and the strengthening of economic and cultural ties between China and NSW.

“We have strong cultural links to China. About one in 10 people living in Sydney have Chinese ancestry and Mandarin is the second-most spoken language here after English.

“I travelled to China for my first official overseas visit as Premier, and the nation remains New South Wales’ biggest trading partner and source of international tourists and visitors.

“China remains a priority market for the NSW Government and last year we took another step forward, releasing our China strategy to ensure our efforts are focussed on increasing two-way trade and tourism.

“To mark this auspicious occasion the Sydney Opera House sails will light up red again this evening (Thursday 19 February) as we celebrate the first day of the Year of the Goat,” Mr Baird said.

Sydney Opera House CEO Louise Herron AM said: “As the symbol of modern Australia and the nation’s number one tourist destination, we are thrilled to be able to celebrate the arrival of the Year of the Goat on the Opera House sails.”

“There is a palpable sense of excitement about Lunar New Year, more than 18,000 Chinese and Korean speaking guests have booked themed tours of the building and there are a number of other New Year activities on our site.”

Media contact:

Olivia Suzanski, +61-448-994-631 (Premier)

Photo – http://photos.prnasia.com/prnh/20150218/8521500936-a
Photo – http://photos.prnasia.com/prnh/20150218/8521500936-b
Photo – http://photos.prnasia.com/prnh/20150218/8521500936-c

Source: Destination NSW

Written by asiafreshnews

February 24, 2015 at 5:49 pm

Posted in Uncategorized

Standard Life’s Assets under Administration in Asia Increases 44% to GBP420m

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HONG KONG and SINGAPORE, Feb. 23, 2015 /PRNewswire/ — Standard Life announces today its business performance inAsia for year 2014.
Developments and achievements in Asia
Wholly owned operations:

* Assets under administration increased by 44% to GBP420m (2013: GBP291m) * Operating profit before tax up to GBP1m (2013: loss GBP5m) * Net inflows increased to GBP87m (2013: GBP76m) * Its Hong Kong business is ranked the fourth in the investment-linked insurance market with market share of 8.95%* Joint venture businesses:

* Operating profit before tax up to GBP18m (2013: GBP5m) * HDFC Life is ranked second by overall new business sales in the private market with a market share of 16% in December 2014** * In mainland China, Heng An Standard Life reported a profit for the first time in 2014 followingits strong performance supported by a 24% growth in sales through the individual business channel, strong investment gains and strict control of management expenses Alan Armitage, CEO for Asia and Emerging Markets, Standard Life said: “As the business landscape in Asia continues to evolve, we continue to change and adapt. I am pleased with the progress we are making and this has been reflected in our business performance with increased assets under administration and net flows. We will continue to enhance our business operations and develop new propositions to meet customer needs in the region.”
*
Source: Provisional Statistics for Long Term Business, January – September 2014, published by the Office of the Commissioner of Insurance of Hong Kong (OCI), for individual new business in the investment linked market
**
Source: IRDA, monthly new business stats

Notes to editors:

About Standard Life in Asia:

* Standard Life’s wholly owned business in Asia provides long-term savings and investment solutions to more than 52,000 customers, managingGBP420 million (US$692 million) of assets. In addition, through its life Joint Ventures, it gains global diversification and exposure to the fast growing emerging economies inIndia and mainland China. * Standard Life Hong Kong (“Standard Life (Asia) Limited), established in 1999 and registered as an authorised insurer inHong Kong, is a subsidiary of the Group and committed toHong Kong and the Asian region. Partnering with financial advisers and other financial institutions, Standard Life provides wealth management solutions focusing investment-linked insurance plans to help customers achieve their wealth and retirement goals. * Standard Life Singapore (“Standard Life International Limited (Singapore Branch)”), established inOctober 2012, provides long term savings and investment solutions for customers inSingapore and the wider South East region. Standard Life International Limited (Singapore Branch) is a branch of Standard Life International Limited (a company registered inIreland and authorised by the Central Bank ofIreland) and is authorised by the Monetary Authority of Singapore.
About the Standard Life Group

* Standard Life is in the business of helping build a more prosperous world. The Group is dedicated to making sure that everything it does help its customers to save and invest for their future, the industry to improve and the society to progress. These things have been important to the Group since it was established inEdinburgh in 1825. * Since then, the Group has also been growing globally. Today, the Standard LifeGroup employs around 6,500 people internationally — through businesses in the UK,Europe, North America and Asia. * The Group is one of the Fortune Global 500’s largest companies by revenue, and Standard Life plc is listed on the London Stock Exchange with around 1.3 million individual shareholders across over 50 countries. * Around 4.5[1] million customers worldwide trust the Group with their financial future– and Standard Life is responsible for the administration of overGBP296.6 billion (US$488.6 billion) of their assets. The Group supports a further 20 million customers through its Chinese and Indian joint venture businesses. The Standard Life Investments brand also offers truly global asset management expertise with strong investment capabilities. * Wherever it operates in the world, Standard Life is motivated by a sense of responsibility. The Group believes that is what helps it to be a sustainable business.Standard Life is proud to be listed as a leader for corporate sustainability in its industry in the Dow Jones Sustainability Indices (DJSI World and DJSI Europe). All figures as at 31 December 2014
[1]
As at 31 January 2015
Media contact:
Standard Life Chely Chan Senior Manager, Marketing and Communications Tel: +852-2169-2634 Email: chely_chan@standardlife.hk
Mandy Leung Communications Officer Tel: +852-2169-2684 Email: mandy_leung@standardlife.hk

Written by asiafreshnews

February 24, 2015 at 10:33 am

Posted in Uncategorized