March 21st, 2011
10:00 AM GMT
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Politicians and celebrities are all fair game for Jimmy Lai, the Chinese media mogul and self-made businessman.

Filed under: Executive Insider


March 21st, 2011
04:46 AM GMT
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Tony Tyler has been Cathay Pacific’s high-flyer for 15 years, but at the end of the month he's hanging up his wings.

As the Hong Kong-based airline’s CEO since 2007, he has navigated the company through the turbulent times of recession and record oil prices. FULL POST

Filed under: Executive Insider


March 21st, 2011
03:03 AM GMT
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(CNN) – The total cost of the quake and tsunami on the Japanese economy could hit $235 billion and take five years for the nation to rebuild, according to a World Bank report released Monday.

“If history is any guide, real gross domestic product growth will be negatively affected through mid-2011,” the report said. “Growth should though pick up in subsequent quarters as reconstruction efforts, which could last five years, accelerate.

“While it is too early to estimate accurately, the cost of the damage is likely to be greater than the damage caused by the 6.9 magnitude Kobe earthquake in 1995,” the report added.

The report projects that cost estimates could range between $122 billion to $235 billion, or between 2.5% and 4% of GDP, citing government and private estimates. The Kobe earthquake, which killed nearly 6500 people, cost around $100 billion.

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Filed under: BusinessJapan


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