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HONG KONG, July 2 Asia Pulse - Highlights of today's newspapers:
THE SOUTH CHINA MORNING POST
- A leading insurance company is scaling back involvement in the employees' compensation market, dealing a further blow to the troubled sector.
- Last December, Celestial Asia Securities Holdings (CASH) became the first - and only - local brokerage to separate its fledgling online business from its existing offline operation, by spinning it off on the Growth Enterprise Market (GEM).
- A team from the Open University of Hong Kong MBA Association has emerged as champion of the Hongkong Management Game, sponsored by the South China Morning Post.
- Students are lobbying venture capitalists to help turn their new media university projects into reality, in spite of the gloomy outlook for the Internet economy.
- Record company BMG Entertainment has relocated its Asia-Pacific regional headquarters from Hong Kong to Australia, according to industry sources.