Search Results for: Malaysia

MALAYSIA’S new United Malays National Organisation (UMNO)-dominated government has announced a Malaysian Ringgit MYR250 billion (USD57 billion) spending package to help the economy withstand the Covid-19 epidemic. This includes paying a monthly wage subsidy of MYR600 (USD137) for three months for employers with a 50% drop in business since January 1 for workers with monthly salaries below MYR4,000 (USD915).…

The Philippines department of trade and industry is finalising a roadmap to revive the textile and garment industry, devised by the government’s Board of Investment. 

Latest drafts of this Textile-Garment Industry Roadmap 2020-2029, which has yet to be formally released, lays out the path for an integrated textile-garment industry, strong linkages between industry, government and private sector, as well as a dedicated trade office.…

IN southeast Asia’s humid and hot climate, the need for coatings to protect homes, businesses and public service buildings from mould is significant – expanding demand for anti-microbial coatings, especially as strong economic growth fuels construction.

The regional economic powerhouse that today’ Vietnam recorded slightly above 7% gross domestic product (GDP) growth for a second consecutive year, making it one of the best performers globally.…

CONSULTATIONS are being assessed in Australia to develop a National Standard for Environmental Risk Management of Industrial Chemicals, which will include coatings and their chemical ingredients, Australia’s department of agriculture, water and the environment has said in a note. The national standard, for which consultations were to end in February, is being designed to ensure that potentially harmful high-risk chemicals are subject to appropriate and consistent environmental controls across the nation.…

THE MALAYSIAN government has issued a Domestic Systemically Important Banks (D-SIB) Framework, which tells financial institutions of importance to Malaysia’s wider economy to hold minimum levels of reserves to protect themselves against troubled times. Mandatory ‘higher loss absorbency’ (HLA) requirements for listed systemic banks, ranging between 0.5% to 1.0% of risk-weighted assets, will come into force from January 31, 2021.…

Airbus is to pay out EUR3.6 billion (USD4 billion) under a trio of deferred prosecution agreements (DPAs) with British, French and United States authorities that were simultaneously agreed by national courts January 31 as part of a global resolution over bribes to clinch civil and military aircraft sales.…

HONG Kong has signed an avoidance of double taxation agreement with its neighbour Macao, designed to boost trade and investment in the Guangdong-Hong Kong-Macao Greater Bay Area of southern China. The deal will ensure that any Macao tax paid by Hong Kong residents earning income from Macao will be a tax credit in Hong Kong and vice versa for Macao residents.…

The US-China trade war that has been hindering commerce since 2018 has hit the Chinese clothing and textile export sector severely, but companies that have invested in manufacturing sites outside China have been better protected, Esquel CEO John Cheh has told just-style.…

THE EUROPEAN Parliament has called for a more robust approach to defend European honey production, as bee numbers continue to fall. In a motion supported almost unanimously, the EP’s environment committee has called for the European Union (EU) Common Agricultural Policy (CAP) – which is now under review – to include active steps on reducing pesticide use, which MEPs blame for honey bee deaths.…

A queue formed at the L’Oréal stand at November’s China International Import Expo fair, in Shanghai: the French firm had set up photo opportunities to appeal the ‘Da ka’ set – Chinese slang referring to generation of selfie-taking youths who seemingly live to photograph themselves at important landmarks.…