Search Results for: China

THE SECURITIES Commission Malaysia (SC) has issued Guidelines on Sustainable and Responsible Investment (SRI) Funds to boost the growth of green investments in the country. The advice follows Malaysia issuing in July the world’s first green sukuk (Islamic bond).

The new advice applies to conventional as well as Islamic sustainable finance, including unit trust funds, real estate trust funds, exchange-traded funds, and venture capital and private equity funds.…

China will boast the world’s number one cosmetics market in 2018 according to global financial services firm Morgan Stanley: it will account for 20% of total sales, compared to 17% for the second-placed USA and 10% for third placed Japan – overtaking America for the first time, it said.…

THE EUROPEAN Union (EU) Council of Ministers today (December 5) adopted a money laundering blacklist, bringing widespread criticism because the listing – designed to prevent tax fraud and evasion – only covers countries outside the 28-nation bloc. Despite the European Commission screening 92 jurisdictions worldwide, the final list of non-cooperative jurisdictions in taxation matters only contains 17 jurisdictions: American Samoa, Bahrain, Barbados, Grenada, Guam (another US territory), South Korea, Macau (a China special administrative region), the Marshall Islands, Mongolia, Namibia, Palau, Panama, Saint Lucia, Samoa, Trinidad & Tobago, Tunisia and the United Arab Emirates (UAE).…

THE EUROPEAN Union’s (EU) financial watchdog, the Court of Auditors, has highlighted concerns about how Chinese clothing and footwear exporters maybe exploiting loopholes in EU customs and VAT controls to evade paying proper amounts of these taxes.

In a report on shortcomings in EU import procedures, the court noted how Chinese traders were abusing EU customs procedure CP42, which allows an importer to bring goods into one EU member state without paying VAT, because they will be sold in another EU country.…

THE EUROPEAN Union (EU) Council of Ministers has now formally approved new EU anti-dumping new rules which may help the EU impose antidumping duties against Chinese dumped metal exports, clearing the way for the new system to come into force by December 20.…

THE EUROPEAN industrial minerals industry has reacted positively to the European Union (EU) Council of Ministers’ formal approval, December 4, of new anti-dumping rules. Scheduled to come into force on December 20, they may help the EU impose anti-dumping duties against Chinese dumped industrial mineral exports.…

China appears to be stepping up a gear regarding its fight against money laundering, judging by the propaganda campaign ongoing across the country this winter. Uniformed staff of the Postal Savings Bank of China have, for instance, been out on the streets of the city of Jian in Jiangxi Province, handing out leaflets to pedestrians warning about the dangers of money laundering.…

INCREASINGLY, the success of universities is being measured by the number of employable graduates they turn out every year – by this metric south east Asian universities are failing. Indeed, when a recent global ranking found that only one university within the Association of Southeast Asian Nations (ASEAN) was within the top-20 higher education institutes worldwide in terms of their graduates securing good jobs, experts have called for reform.…

THE POPULARITY of soft merino wool in China is growing, with this demand offering Australian wool exporters a potential export bonanza, until – and if – Chinese wool growers develop their own merino supplies.

But for the time being, say Australian and Chinese merino experts, efforts to develop Chinese merino production remains stuck in laboratories, with Chinese consumers mistrustful of the quality of China-made wool.…

THE EXECUTIVE secretary of the Indonesian Textile Association (API – Asosiasi Pertekstilan Indonesia) has said that he hopes his government will make progress next year in forging trade deals with the USA and European Union (EU), boosting textile exports to these key markets.…