Search Results for: China

THE Taiwanese parliament has embarked on its analysis of proposed new legislation to tackle the issue of talent ‘brain drain’ away from the island.

The Act for the Recruitment and Employment of Foreign Professional Talent, which eases regulations for foreign white-collar workers, will be scrutinised by politicians during the current legislative session which began last Friday (sept 22) and runs until the end of the year.…

HONG KONG and Saudi Arabia has struck an agreement on avoiding double taxation so any Saudi Arabian tax paid by Hong Kong companies will be credited against tax payable on the same profits in the special administrative region. The same would apply to Saudi companies paying tax in Hong Kong.…

A MAJOR international anti-counterfeiting action ‘Operation Renegade’ did not just seize more than 70,000 counterfeit auto spare parts, oil and air filters, grills, and fuel pumps, and nearly 600 cylinders of chlorofluorocarbon (CFC) refrigerants, it yielded valuable anti-smuggling and counterfeiting information.…

Customer willingness to pay a premium for the natural health qualities of honey appears to be outweighing price hikes for the natural sweetener amid falling production levels as beekeepers have battled catastrophic colony losses.

This has reduced worldwide bee numbers, prompting fears that confectioners might adapt production methods to replace honey with other naturally occurring sweeteners, such as stevia.…

CONFECTIONARY manufacturers in India are having to grapple with their products and ingredients attracting a wide range of tax rates under the country’s new goods and services tax (GST), which started to be levied from July 1.

India’s GST Council, a body representing the central and state governments, has been deciding which goods will be covered by the zero, 5%, 12%, 18% and 28% tax rates allowed under India’s GST legislation. …

LIKE its neighbour Japan, South Korea has a tradition of using public baths and spas, notably their 24-hour jimjilbangs, with hot and cold soaking pools, bathing and massage areas, saunas, entertainment lounges and communal sleeping.

As a result, the country’s spa and beauty salon sectors seem largely unaffected by the drastic decline in Chinese tourist arrivals amid retaliatory measures by Beijing over Seoul last year allowing US forces to deploy THAAD defence missiles on South Korean soil.…

WHEN the International Society of Aesthetic Plastic Surgery (ISAPS) released its annual set of global statistics in June (2017), and South Korea was not among the world’s 24 countries that performed the most surgical and nonsurgical procedures in 2016, there was considerable surprise.…

JAPAN’S spa and beauty salon markets are well developed and established, undoubtedly a reflection of the country’s well-known traditions of cleanliness and looking good. Being well-established has arguably made further expansion and growth in the sectors more challenging, while Japan’s shrinking birth rate and population do not bode well for longer-term expansion.…

THE COSMETICS and personal care industry bases its wealth on personal consumption, targeting its products at the needs and desires of consumers writ large. This is as true in Japan as anywhere else – but in Japan, the industry faces a special problem – plummeting population levels, and a dramatic ageing of local consumers.…

TAIWAN, a now a high-income economy with a population of 23.6 million and a per capita income of USD22,453 in 2016, (International Monetary Fund figures), has been witnessing robust growth in its cosmetics and personal care products manufacturing. In 2016, this grew by 5.99% year-on-year to Taiwan dollars TWD21.1 billion (USD700 million), according to an estimate by the Industrial Economics & Knowledge Center (IEK), a Hsinchu-based public-initiated think tank.…