Search Results for: hong Kong

BY MARK GODFREY

BUSINESS remains slow in Jinghai, a slice of industrial land a couple of hours east of Beijing designated as one of China’s key recycling belts. Business was brisk here up to October 2008, the date given locally as the beginning of a savage dip in demand for recyclables.…

BY KEITH NUTHALL

AN INTERNATIONAL convention imposing environmental health rules on tanker and other ship recycling was expected to be approved by a diplomatic conference in Hong Kong May 11-15. This International Convention for the Safe and Environmentally Sound Recycling of Ships was drafted by the International Maritime Organisation (IMO) to control this notoriously dangerous industry.…

BY LEE ADENDORFF

IF there was a year when long-term textile and clothing market forecasters missed by a mile, 2008 was it. Forecasts made in 2007 were dominated by looming concerns about trade restrictions, investment in technology, a potential slow-down of production and a consolidation of business investment but no one predicted what devastating effects an unexpected recession would have on the textiles and apparel sector.…

BY MARK GODFREY

The new planned G20 rules on financial stability and accounting will have less impact on mainland China than they will on Hong Kong, said Robert Agnew, CEO of Matrix Services, a consultancy advising financial firms on pan-China deals: "Mainland China has gotten its accountancy rules into line with global norms, and it now uses a limited form of fair value accounting.…

BY KEITH NUTHALL

A MAJOR cigarette smuggling boom is being reported in Ireland by customs teams, with a record 135.2 million cigarettes being seized last year, almost twice the amount seized in 2007. Of these, 56.82 million were counterfeits, the country’s Sunday Independent newspaper has reported.…

BY MARK GODFREY

THE EMPTINESS of the Giordano store in the departures terminal at massive Baiyun International Airport outside the southern Chinese megapolis of Guangzhou suggests hard times for Hong Kong’s most vaunted and ambitious apparel retailer. This is the capital of wealthy Guangzhou province after all, the manufacturing base for most of Hong Kong’s garment firms.…

BY MARK GODFREY

WITH the global recession raging across most of the world, Bangladesh’s knitwear sector is maintaining a strong commercial position and looks better geared to survive the economic downturn than some of its regional competitors. Orders have only dipped marginally say local knitwear producers.…

BY KEITH NUTHALL

THE THUMBSCREWS are being turned on the world’s tax havens, preventing their banks hiding assets from tax investigators worldwide. A comprehensive communiqué from April 1 and 2s’ G20 meeting in London committed member governments "to take agreed action against those jurisdictions which do not meet international standards in relation to tax transparency."…

BY MUNZA MUSHTAQ

As Sri Lanka’s military makes its final thrust against the Liberation Tigers of Tamil Eelam (LTTE), the country’s government is trying hard to ensure the safety of its only international airport and its passengers, because of an enduring risk of attack from the separatist group.…

BY WANG FANGQING

CHINESE manufacturers have told Soap Perfumery & Cosmetics they see no threat in the newly-effective ban, under the European Union’s (EU) revised cosmetics directive (76/768/EEC), on all the animal tested cosmetics and personal care products sold in the EU.…