HONG KONG – Forty-four undergraduates and post-graduates representing seven faculties and affiliated colleges celebrated the culmination of their time at Western as the university held its eighth annual Hong Kong convocation ceremony Sunday in the Chancellor Room of the Hong Kong Convention and Exhibition Centre.
Amit Chakma, Western president; Janice Deakin, provost and vice-president (academic); and deans Brian Timney, Faculty of Social Science, and Carol Stephenson, Richard Ivey School of Business, joined more than 350 guests at the event – including Faculty of Science graduate In-ting Ho, who welcomed 19 family members to see him graduate.
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Western provides the best student experience among Canada’s leading research-intensive universities.
This peice from Cato is another look to Canada for leadership to show the US how to arrest their decline.
Note that Canadian corporate tax at the federal level is less than half that of the US.
LESS THAN HALF.
How? Read the whole piece.
“Today the CPP is solvent over the foreseeable future, which contrasts with Social Security’s huge unfunded obligations.
The Canadian unemployment rate plunged from more than 11 percent in the early 1990s to less than 7 percent by the end of that decade as the government shrank in size. After the 2009 recession, Canada has resumed solid growth and its unemployment rate today is about a percentage point lower than the U.S. rate.
Tax – Corporate Tax Canada – 15%, US – 35%
“Canada’s federal corporate tax rate has been cut from 38 percent in the early 1980s to just 15 percent today. Despite the much lower rate, tax revenues have not declined. Indeed, corporate tax revenues averaged 2.1 percent of GDP during the 1980s and a slightly higher 2.3 percent during the 2000s.
Now compare Canada with the United States. In 2012, Canada is expecting to collect 1.9 percent of GDP in federal corporate income taxes with a 15 percent corporate tax rate. The United States is expecting to collect 1.6 percent of GDP at a 35 percent corporate tax rate. Thus, the high U.S. rate is not only bad for the economy, but it also doesn’t help the government collect any added revenue.”
Stornoway Diamond Corporation (TSX-SWY) is pleased to announce the relocation of its head office to Montréal, Québec from North Vancouver, British Columbia, effective immediately. The relocation reflects Stornoway’s focus on the successful development of the 100% owned Renard Diamond Project, which is on track to becoming Québec’s first diamond mine.
Matt Manson, President and CEO, commented: “Today’s announcement represents another step in Stornoway’s continuing evolution. Renard is a major undeveloped diamond asset with a significant potential mine life. As we work to develop it, our center of gravity on an operational, administrative, corporate and financial basis is moving eastwards. It now makes sense to consolidate our head office and operating functions in one location. Initially, we expect minimal relocation of staff associated with this announcement. Our exploration team will continue to operate out of North Vancouver, with a mandate to explore all of Canada. However, Montreal will become our platform for expansion as we build our mining team and corporate support staff. We are proud to be able to contribute to the long-established reputation of Montreal as a head office center for the Canadian mining industry“.
Stornoway was continued under the Canada Business Corporations Act in October 2011, and will remain incorporated as a federal entity.
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Bank of Nova Scotia’s landmark red tower in downtown Toronto has been sold for $1.27-billion, the highest price yet paid for a Canadian office building.
Hong Kong – Manulife (International) Limited has announced the promotions of three senior executives. Mark Richmond has been promoted to Vice President, Agency Operations. Helen Ho has been promoted to Assistant Vice President, Agency Technology and Strategic Projects. Tony Sung becomes Assistant Vice President, Agency Training and Development.
Mark Richmond is in charge of the operational functions relating to Manulife Hong Kong’s 5,000-plus agency force including recruitment, training and development, compensation, sales incentives and promotions, and technology development.
He joined Manulife’s Asia Regional Office in 2006 to run the regional training and development function. He then moved to Indonesia where he doubled the sales of bancassurance business within two years and helped the company to achieve a significant growth through the expansion of bank relationships.
Mr. Richmond’s more than 30 years in the insurance Industry include diverse management experience in both operations and sales. His strong analytical and strategic background well positions him for his current diverse role.
In the newly created role as Assistant Vice President, Agency Technology and Strategic Projects, Helen Ho is responsible for the planning and execution of the company’s distribution based projects with an aim to provide state-of-the-art technology to different sales channels.
She joined Manulife as Director, Regional Controllers of Asia Division in 2007 and was transferred to Hong Kong Agency Operations in 2010 as Director of Strategic Projects.
Ms Ho holds a Bachelor of Business degree in Accounting from the University of Monash in Melbourne, Australia and received her Master of Accounting degree from Dongbei University of Finance and Economics in Dalian, China. She is a Fellow member of the Hong Kong Institute of Certified Public Accountants and a member of CPA Australia.
Tony Sung has been promoted to Assistant Vice President, Agency Training and Development. He is responsible for providing training and development services to both agents and agency managers.
He joined Manulife’s Asia Regional office in 2005 and was responsible for the development of training programs for senior agency managers across Asia. Prior to joining Manulife, Mr. Sung accrued solid experience in personal insurance and wealth management sales as well as agency sales management. He also built his own sales team in Canada.
He holds a Master of Business Administration degree from the University of South Australia in Adelaide. He is a Certified Financial Planner as conferred by the Certified Financial Planner Board of Standards, Inc.
About Manulife (International) Limited
Manulife (International) Limited is a member of the Manulife Financial group of companies.
Manulife Financial is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. In 2012, we celebrate 125 years of providing clients strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Our international network of employees, agents and distribution partners offers financial protection and wealth management products and services to millions of clients. We also provide asset management services to institutional customers. Funds under management by Manulife Financial and its subsidiaries were C$512 billion (HK$3,976 billion) as at March 31, 2012. The Company operates as Manulife Financial in Canada and Asia and primarily as John Hancock in the United States. Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘945’ on the SEHK. Manulife Financial can be found on the Internet at manulife.com.