Search Results for: Australia
10 results out of 1414 results found for 'Australia'.
EU-VIETNAM TRADE AGREEMENT WILL BOOST TEXTILE TRADE, CLAIM EXPERTS
THE EUROPEAN Union (EU)-Vietnam Free Trade Agreement (FTA), on which negotiations concluded December 2, 2015, will open up “huge business opportunities” for Vietnamese garment companies, business experts agreed last month (September). They were speaking at an event jointly organised by EU business federation BusinessEurope, EuroCham [European Chamber of Commerce] Vietnam and the EU-Vietnam Business Network.…
INTERNATIONAL TECHNICAL ROUND UP – AUSTRALIA DIRECTOR NUMBERS
AUSTRALIA INTRODUCES DIRECTOR IDENTIFICATION NUMBER SYSTEM
THE AUSTRALIAN government has announced it is introducing a Director Identification Number (DIN) system for businesses, with each company director in Australia being given a unique identifier. These will enable the Australian Taxation Office, the Australian Securities and Investments Commission and other regulators to check director activities and spot wrongdoing, claimed the minister for revenue and financial services, Kelly O’Dwyer.…
VIETNAM TEXTILE EXPORTERS LOOK TO ASIA TO BOOST SALES
VIETNAM’S textile and clothing and textile sector is looking to sell more product into Asian markets such as South Korea, Taiwan, Singapore and Japan, while solidifying its traditional export bases like the US and EU, the latest trade data indicates.
Last year, Vietnam exported USD2.28 billion’s worth of clothing and textiles to South Korea – a 7.45% gain compared with 2015, according to Vietnam customs data analysed by the Vietnam Textile and Apparel Association (VITAS). …
INTERNATIONAL TECHNICAL REGULATORY ROUND UP – SA MULLS TAX EXEMPTION END
SOUTH AFRICA MULLS REMOVING OVERSEAS WORK TAX EXEMPTION
The South African National Treasury and the South African Revenue Service (SARS) have proposed a 2017 Draft Tax Administration Laws Amendment Bill that would remove a tax exemption for South African residents working overseas for more than 183 days (at least 60 days continuously).…
CONSUMERS’ HUNGER FOR INNOVATION DRIVES AUSTRALIAN PERSONAL CARE PRODUCT GROWTH
THE AUSTRALIAN cosmetic and toiletry retailing market has experienced modest growth amidst fierce competition over the past decade, figures reveal, with a constant stream of new products, many environmentally conscious, maintaining consumer interest in an otherwise saturated market.
According to California-based market research company IBISWorld, more than 18,000 people work in almost 4,000 businesses in the cosmetics industry in Australia, a country of more than 24 million people.…
NZ COSMETICS INDUSTRY REAPS BENEFITS OF AGEING SOCIETY
IT is a constant truth within the personal care product industry that brands prosper when they understand markets that they are targeting. In New Zealand, one key and increasingly important factor is that the country’s 4.7 million people society is ageing.…
AVIATION SECURITY IMPROVEMENTS AT HSIA IN SIGHT AS BANGLADESH BATTLES CARGO BANS
BANGLADESH has ramped up investments in high-tech equipment to bolster security at the Hazrat Shahjalal International Airport (HSIA), in its capital Dhaka, but sustaining mechanical and procedural improvements remains an ongoing challenge.
The spending has followed a string of bans on cargo flights out of the country’s main gateway over security concerns, with the European Union (EU) becoming the latest to enforce such restrictions on June 1, (2017).…
CHINA PUTS MORE STRINGENT RULES FOR E-COMMERCE ON HOLD FOR ANOTHER YEAR
A REVISED tariff for cross-border e-commerce has been extended by China’s State Council for an extra year enabling food and supplement importers to save on duty.
China had planned the implementation of more stringent rules for e-commerce from January 1, 2018, but on September 20 authorities extended a transitional tariff policy for cross-border e-commerce retailers until the end of the year (2018).…
EAST ASIAN MARKETS STILL PRESENTING AMPLE OPPORTUNITIES FOR EXPATS
MOST of East Asia’s dynamic economies have traditionally relied on expats and there are no readily discernible signs that this is decreasing.
In Vietnam, which has been benefitting from production lines migrating from China amid rapidly rising labour and land costs there, increasing the number of expats six-fold since 2004 to almost 100,000 in 2016, the shortage of engineers and managers can be seen throughout most sectors.…
SINGAPORE’S TALENT SHORTAGES OFFER NEW STRATEGIC ROLE FOR HR DEPARTMENTS, IF THEY CAN BOOST THEIR OWN PERFORMANCE
AS Singapore’s talent shortages begin to impact on business prospects, new opportunities are emerging for HR to play a lead role in aligning workforce planning with business strategy.
A recent report (released August 17) by the talent outsourcing firm KellyOCG, conducted across Singapore, India, Australia and Malaysia, found the majority of senior ‘C-suite’ level executives (61%) expected talent shortages to have a negative impact on their business going forward.…