Search Results for: hong Kong

HONG Kong textile industry observers are confident that an announcement by US Customs and Border Protection (CBP) that imported goods produced in Hong Kong must from September 25 be marked as ‘made-in-China’ will not significantly harm clothing traders and manufacturers operating from the territory.…

Malaysia’s 1MDB scandal is one of the largest ever embezzlement and money laundering cases, with Malaysian courts considering how at least USD4.5 billion was stolen and then spent or laundered from Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB). Former Prime Minister Najib Razak has now been convicted of charges associated with the scandal.…

As the Financial Action Task Force (FATF) prepares to review India’s compliance with its AML/CFT recommendations during 2021, government authorities in New Delhi are confident of a positive resulting mutual evaluation report (MER).

According to Pawan Singh Tomar, former Principal Commissioner of Income Tax at India’s Income Tax Department, government official claims are not based on hubris.…

THE EUROPEAN Union (EU) is funding an international research project that is developing new fast ways of making colloids – mixtures of one substance comprising insoluble microscopic particles suspended in another substance – the building blocks of most coatings. It is the nature of paints and coatings are that they are colloids – liquids that contain ingredients that give paints and coatings their colours, textures and functional abilities.…

THE ASIA-Pacific region, even one-party states such as China, have developed legal protections for whistleblowers, although the comprehensive protection more commonly found in Europe is still usually absent.

South Korea is one jurisdiction leading the pack on developing robust whistleblower protections.…

THE ASIA nonwovens sector has been reaping the benefits of booming demand for protective medical materials during the Covid-19 crisis. But like the pandemic, this roaring demand will end, and nonwovens producers need to ready to a post-Covid-19 market.

This will mean reining in growth, but as David Price, founding partner of US-based management consultancy specialising in nonwovens Price Hanna Consultants, said, with regional nonwovens sales per person still low in global terms, the “market penetration for disposable and durable nonwovens in southeast Asia and China” is likely to grow regardless.…

With China turning from capital inflow to outflow amid Chinese companies’ global expansion programs, Chinese financial institutions are facing closer anti-money laundering scrutiny, as they, too, expand globally. Indeed, China’s top five banks had 1, 270 overseas branches at the end of 2017 (according to FATF (the Financial Action Task Force).…

TEXTILE and fibre innovators worldwide are seeking to tap growing demand for antimicrobial, virus and bacteria killing fibres and fabrics generated by the Covid-19 pandemic, encouraging clothing and fabric-makers to develop groundbreaking new technology.

Indeed, for companies such as HeiQ Materials AG – a Switzerland based textile innovation specialist – the pandemic has “opened a whole new chapter for the development of antimicrobial surfaces and textiles”, its co-founder and CEO Carlo Centonze told just-style.…

HONG Kong textile industry leaders have tried to reassure clothing traders and manufacturers operating from the territory they will not face serious harm by any change of diplomatic recognition prompted by the passage of a new HK security law. Speaking to just-style, Louis Chan, assistant principal economist (global research), for the Hong Kong Trade Development Council (HKTDC), claimed that sourcing offices in HK would continue to operate smoothly: “As long as the subject merchandise is not made in Hong Kong, the possible revocation of the special trading relationship or any suspension of HKCO (Hong Kong country of origin) recognition should have little or even no direct impacts on HK’s re-exports (of those items),” he argued.…

Supermarkets and convenience stores in Taiwan are making room for an expanding and dizzying array of fresh milk products and with some of the highest consumer milk prices in the world and local dairy farmers struggling to meet demand, especially in the peak summer months, this is good news for exporting overseas producers.…