Search Results for: China

The European Union (EU) has become the largest importer of Myanmar garments, purchasing almost as much from the country in 2016 as the next two largest destinations combined, according to United Nations trade data.

“It’s been quite a swift development, but we had to work hard to earn it,” said Khine Khine Nwe, general secretary of the Myanmar Garment Manufacturers Association, noting that the EU was the third largest buyer in 2014 and second in 2015.…

With almost 900 million people around the globe lacking access to safe drinking water and predictions that within less than 10 years, half the world’s population will live in ‘water-stressed’ conditions, the need for cost-effective efficient nonwovens-based filtration has never been greater.…

THE IMPOVERISHED south-east Asian kingdom of Cambodia shares porous borders with the significantly more dynamic economies of Thailand and Vietnam, is notorious for corruption, has a large casino sector and generates significant earnings from illegal exports.

This precarious mixture of factors has since 2012 consecutively earned Cambodia a spot in the Basel Anti-Money Laundering (AML) Index (from the Basel Institute on Governance) top-10 risk jurisdictions for money laundering.…

The Industrial and Commercial Bank of China’s (ICBC) European headquarters, ICBC Luxembourg, is facing a major money laundering trial in Spain following a September 11 ruling in the Spanish High Court.

Judge Ismael Moreno agreed to a request from the anti-corruption prosecutor’s office to investigate ICBC’s European headquarters on suspicion of helping clients from the Chinese business community in Spain avoid duty and tax on goods imported from China.…

STANDARDS are being drawn up to ensure international best practice is consistently applied in durability testing of coatings for use in space projects.

The European Cooperation for Space Standardization (ECSS) is an initiative established to develop a coherent, single set of user-friendly standards for all European space activities – and its experts are now drafting technical rules for coatings used on satellites, rockets, probes and other space equipment.…

AN ELDERLY person at home is like a living golden treasure. So runs an oft-quoted Chinese proverb – but Hong Kong is starting to ponder its worth in the wake of a warning that the city faces an “ageing tsunami” along with much of the region where innovative plans are being considered to tackle the looming crisis.…

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.…

CO-WORKING spaces (CWS) are taking off in Hong Kong, moving from beyond the start-up stage to a fully-fledged part of business life, figures reveal.

According to data from real estate services firm CBRE, CWS operators currently occupy 960,000 square feet of office space in China’s most prosperous Special Administrative Region and statistics indicate that slice of the office pie is about to get bigger.…

VIETNAM is taking a more active role in helping neighbouring Laos raise the quality of its workforce skills. The two countries have close political ties and similar levels of development, with the World Bank saying Laos had USD2,150 gross national income per capita in 2016, and Vietnam – USD2,050.…

AS the growth in Vietnam’s middle class generates wealthier and more educated consumers in this country with a population of 95 million, growing domestic demand for locally-produced fabrics is pushing the country’s textile industry away from focusing entirely on exports.

While demand for inexpensive, imported clothing still exists in Vietnam, even cost-conscious consumers are beginning to seek out new styles and better quality in their fashion purchases, market traders have told WTiN.com.…