CFO Innovation Staff

CFO Innovation Staff

Stories by CFO Innovation Staff

Asians to Spend US$32 Trillion by 2030

The emergence of a rising middle class in fast growing Asian economies such as China and India will boost spending in the region which is estimated to reach US$32 trillion by 2030, reports the South China Morning Post, citing the Asian Development Bank. 

Jing Xie is made interim CFO at Universal Travel Group

Universal Travel Group, a travel services provider in China, has appointed Jing Xie as the company's interim chief financial officer, effective August 17, 2010. Xie has been serving as the company's director and secretary since December 29, 2006. Xie served briefly as the company's CFO from February 13, 2009, to August 17, 2009. 

HK's Minimum Wage Fight in a Deadlock

Representatives of Hong Kong's unions insist that the statutory minimum wage rate must be no less than HK$30 (US$3.86) an hour, but businesses assert that the rate should not be more than HK$28 (US$3.60), reports the South China Morning Post.