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Search Results for: Singapore

10 results out of 819 results found for 'Singapore'.

SOUTH KOREAN BEAUTY SECTOR IS STRONG, BUT WILL NEED TO INNOVATE TO COPE SUCCESSFULLY WITH COVID-19 CRISIS



With the Korea Cosmetic Industry Institute (KCII) estimating there were USD11.7 billion’s worth of South Korean-made personal care products (‘K-beauty’) sales in 2019, including nearly USD6.49 billion in exports, and more than 16,000 individuals and businesses officially licensed to provide cosmetic products and services, South Korea’s cosmetic industry has the innate strength it will need to cope with the Covid-19 crisis.…

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ASIA REGULATORY ROUND UP – MALAYSIA LAUNCHES USD57 BILLION COVID-19 SPENDING PROGRAMME AS ASIAN JURISDICTIONS REEL UNDER VIRUS OUTBREAK



 

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).…

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COATINGS APPLICATIONS OF SUPER MATERIAL GRAPHENE CONTINUE TO GROW IN SOPHISTICATION AND EFFECTIVENESS



THE MANY properties that have contributed to graphene being described as a ‘super material’ make it an increasingly attractive choice as an ingredient in a wide range of coatings with special functionalities say researchers and manufacturers. And, with Many of these properties offering environment-friendly and sustainable benefits, graphene is being considered as a key part of the coatings industries efforts to reduce carbon emissions and hence climate change.…

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SOUTH EAST ASIA’S INCREASINGLY SOPHISTICATED COATINGS MARKET DEMANDS ANTIMICROBIAL PRODUCTS TO DEFEND AGAIMNST HUMID CLIMATE



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.…

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INDONESIA'S ROBUST ECONOMIC GROWTH OFFERS MAJOR OPPORTUNITIES FOR THE COUNTRY'S PAINT AND COATING INDUSTRY



Indonesia’s paint and coatings sector is expected to continue to grow, driven by an expanding middle-class population, the fast-growing construction sector and ambitious government infrastructure projects, encompassing transport networks, energy and utilities.

The south-east Asian country’s paint and coatings market has grown to almost USD2.5 billion in sales revenue in the past year and sales are expected to expand at a fair clip of between 6% and 7% annually in the next five years, according to industry analysts Frost & Sullivan. …

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SINGAPORE BUDGET SEEKS TO STABILISE ECONOMY AMIDST TURBULENT TIMES, AND PREPARE WORKFORCE FOR THE FUTURE



WITH public nervousness growing about the impact of the Coronavirus on Singapore, amidst a period of sluggish economic growth, the city state’s government’s 2020 budget, released February 18, has stuck a balance between protecting businesses, workers and elderly, while investing in training to prepare for future upturns.…

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ASIA REGULATORY ROUND UP – MALAYSIA DEMANDS SYSTEM BANKS BOOSTS RESERVES TO PROTECT AGAINST CRASHES



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.…

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CAMBODIAN TEXTILE SOFTWARE INNOVATION COULD CUT FABRIC DEFECTS IN HALF SAY PROMOTERS



IN a bid to modernise Cambodia’s textile and garment sectors through digitalisation, the industry is introducing innovative new software next month (February) that will help improve efficiency by improving fabric handling and cutting down repeat clothing defects by almost half – in addition to making overall gains on factory productivity.…

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AML AI FACING RFEGULATORY APPROVAL PROBLEMS. BUT IF THESE ARE OVERCOME, THE TECHNOLOGY COULD BECOME WIDESPREAD



Artificial Intelligence (AI) and machine learning are being touted as game-changing solutions to improve the detection of financial crimes, including AML/CFT, but despite some promising results there are obstacles to roll-out, not least regulators’ ability to green-light new technologies as well as effectively utilise the data they produce.…

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ASIAN REGULATORY ROUND UP - HONG KONG FORGES DOUBLE TAXATION TREATY WITH NEIGHBOUR MACAO



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.…

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