Search Results for: hong Kong

BY MIRIAM ELDER

WHILE the government of the Russian Federation has made real efforts to fight money laundering – as documented recently in the Money Laundering Bulletin – the problem remains rampant in this resource-rich country, according to Russian and international experts.…

BY KEITH NUTHALL

A PROGRESS report issued by the Organisation for Economic Cooperation & Development (OECD) has claimed almost 300 tax transparency agreements have been signed by jurisdictions since the April 2009 G20 summit in London. This called on governments and sub-national administrations worldwide to adopt the OECD’s standards on revealing and exchanging tax information.…

BY GAVIN BLAIR, FRANCES WANG, RAGHAVENDRA VERMA and KARRYN MILLER

The Asian beer market, having overtaken Europe, is now the largest in the world, according to Japanese brewery Kirin. The region accounts for 31.7% of global consumption, compared to 30.8% for Europe, claims the annual report from the Kirin Institute of Food and Lifestyle.…

BY MARK GODFREY

A SLUMP in exports dented China’s economic growth in 2008, but a strong recovery which lifted GDP growth to 10% in the second half of 2009 appears to have ensured strong retail sales across all fronts. That is why growth of cosmetics sales in China remained strong at 10% in 2009, according to the China Association of Fragrance Flavour and Cosmetic Industries (CAFFCI).…

BY ALAN OSBORN,ANCA GURZU and KEITH NUTHALL

THE GLOBAL trade in illicit tobacco is huge and growing and a significant source of dirty money worldwide. Tobacco multinational British American Tobacco (BAT) estimates that 6.3% of cigarettes worldwide are illicit products (either counterfeit, smuggled or sold domestically on the black market), which makes 332 billion sticks, and that is a lot of cigarettes.…

BY WANG FANGQING

ASIA is opening up to the wider world culturally and its hair styles are becoming more varied as a result, allowing personal care product companies to sell a wider range of hair care lines.

With growing attention paid to appearances, Chinese consumers, for instance are spending more on their hair care.…

By Julian Ryall, in Tokyo  

International aid for emergencies comes in many forms, and necessity really can be the mother of invention amongst donors. Just ask the Japan-based World Instant Noodle Association: when disaster strikes - they send noodles.

And the world’s hungry and sick are happy that they do.

The association – whose acronym is WINA – draws donations from instant noodle producers and a disaster relief fund created by the late inventor of the instant noodle, Momofuku Ando, and former chairman of the International Ramen Manufacturers’ Association.…

BY KEITH NUTHALL

A YEAR of struggle would be the best way to sum up 2009 as far as the global clothing and textile industry is concerned. The depth and severity of the worldwide recession left many clothing and textile companies reeling, even impacting upon China, which had previously been dominating global markets.…

BY KEITH NUTHALL

ONE of the lynchpins of the European Union’s (EU) single market is its public procurement rules, which try to ensure pubic authorities, and some utilities and transmission operators, openly tender for their major purchases. The aim is that all EU suppliers have a fair crack of the whip in offering them goods and services.…

BY MARK GODFREY

The growth in cigarette sales is slowing slightly in China, which has also seen a shift towards premium product purchases and consolidation of what is the world’s largest tobacco industry. China sold 1.19 trillion cigarettes in the first six months of 2009, a 3.6% climb on the same period last year.…