Search Results for: China

IT would be hard to design a jurisdiction with a greater exposure to money laundering than Macao. A small autonomous Chinese jurisdiction, next to the populous province of Guangzhou, which relies on a huge gambling sector for its income, it is no wonder that Macao has come under pressure from international assessors to run a tight ship regarding anti-money laundering (AML).…

MYANMAR has made impressive progress towards building a system meeting international standards to fight money laundering and terrorist financing. But huge swathes of the economy still lie outside regulatory control, and rapid modernisation presents the authorities with fresh challenges.

The country’s ethnic and political fragmentation, with 14 states and regions with extensive powers, and its location in the opium-producing ‘Golden Triangle’ region, including Thailand and Laos, make it particularly vulnerable to the illicit drug trade and its associated dirty money flows.…

Ethiopia’s energy sector is undergoing a rapid transformation, becoming a trail blazer for renewables growth in Africa. Although still one of the continent’s poorest nations in Africa (gross national income per capita just USD660 in 2016, says the World Bank), its potential for green energy production is massive.…

The Chinese government is to set up a new anti-corruption agency, the National Supervisory Commission, to replace the existing watchdog the Central Commission for Discipline Inspection (CCDI). The change to be confirmed at the 19th National People’s Congress on October 18, comes as China seeks greater cooperation with international law enforcement bodies as part of President Xi Jinping’s anti-corruption drive.…

AFTER introducing digital printing and leading Bangladesh’s knitwear sector by example, the country’s knitting major, the Knit Concern Group, has said it will ramp up its capacity to digitally print 1 million metres of fabric monthly by 2022. Presently, the knitter, based in Narayanganj, near Dhaka, can digitally print 260,000 metres of fabric a month.…

Multinationals and suppliers in the personal care product sector are unilaterally implementing measures to reduce their carbon footprint in the wake of the 2015 Paris climate treaty, taking steps to reduce energy use, their impact on forests and cutting water use and pollution.…

India’s robust cosmetics and personal care industry, that according to the Indian Beauty & Hygiene Association (IBHA) generated annual sales of USD8 billion in 2016, is facing severe supply chain disruption and the closure of smaller brands. Continuous double digit annual growth registered during the last decade by the industry – noted by figures from the ministry of commerce’s India Brand Equity Foundation (IBEF) – has now been severely disrupted by a series of radical regulatory measures.…

*Brands should never under estimate the power of Asian women to decide their own make-up destiny. Female consumers in Asia are increasingly driving demand and trends in their own direction. Especially younger female urban consumers. Brands that listen will be in.…

IF the future of beauty in South Korea has a face – then that could be male, say beauty experts. Indeed, market researcher Euromonitor International expects sales of genderless beauty products to grow strongly in this key market in 2018, including face masks, BB/CC creams, toners and mists, lip gloss and tints, as well as sun protection lines. …

SALES of colour cosmetics have trailed skin care purchases in China, but this may change in future, with make-up sales rising at a rapid pace in recent years.

A survey by market researchers Mintel in April this year revealed 62% of urban Chinese women claim to wear make-up every year, up significantly from the 38% of women surveyed just a year before.…