Search Results for: Climate change

Paul Simmons, Chief Financial Officer, Marriott International Middle East and Africa, provides a glimpse into running the finances of the region’s largest international hotel operator.

The Middle East – particularly the countries of the Arabian Gulf – is known for its impressive skyline of luxury hotels.…

A VOTE by the UK parliament to insist that Britain’s overseas territories introduce publicly available beneficial ownership registers by December 31, 2020, has sparked anger and dismay within these autonomous, mainly small island, jurisdictions.

An amendment to a UK Sanctions and Anti-Money Laundering Bill requires the British government to impose such registers on its OTs by this deadline, if the local administrations have not created their own.…

THE MALAYSIAN government has effectively scrapped the country’s Goods & Services Tax (GST) reducing its rate from 6% to 0%, effective June 1. The move follows the election of a new administration under former opposition alliance Pakatan Harapan, defeating the incumbent Barisan Nasional.…

INDIA’S new Goods and Services Tax (GST) – designed to overhaul, modernise and harmonise the country’s indirect taxation – has been the focus of bitter criticism, over its chaotic and haphazard introduction and implementation.

Since its formal launch last July (2017), “changes have been made continually, and hence businesses found it difficult to keep pace,” says Mahadevan Subra Mani, senior director, Deloitte India, in Mumbai.…

THE VOLUME of counterfeit and contraband textile products, reaching Russia via nearby countries of the Eurasian Economic Union (Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia), last year (2017) amounted to Russian roubles RUB30 billion (USD500 million), according to Russian government officials and textile producers.…

PAKISTAN’S textile industrialists are downbeat over the diminishing prospects of investment by Chinese financiers and manufacturers, holding the government responsible for the apparent stalemate with its continued prohibitive production costs.

Speaking to WTiN.com, Pakistan textile industry insiders believe that sensing the high cost of doing business compared with rival manufacturing countries in south Asia, Chinese investors are losing interest in the Pakistani sector.…

THE HIMALAYAN kingdom of Bhutan may have a ban on smoking in public spaces under the Tobacco Control Act of 2010, but it is not hard to find smokers flouting this law. The legislation specified sporting centres as public spaces under the act, but when Tobacco Journal International visited the national stadium in the capital Thimphu to watch the opening game of this season’s Bhutan Pepsi Football League on April 21, it followed young fans walk to washroom at half-time to light up smuggled cigarettes.…

NEW flexible dress code policies introduced across Asia are facing something of a backlash as employers and employees wrestle with matching cultural and corporate identities to assess the appropriate level of work attire.

While heat and humidity, as well as the needs of the growing number of working mothers, do provide some rationale for more flexibility in east and southeast Asian workforces, cultural forces and the fear of missing out on business opportunities seem to be leading some companies to hold on to traditional rules, either real or implicit, for business wear.…

INDIA is building its biggest frozen semen station, housing 300 bulls of indigenous breeds of buffalo and cattle, with construction costs estimated at Indian Rupees INR640 million (USD 9.7 million) in Purnea, Bihar. When fully functional by May 2019, it would include bull shade areas, a semen processing lab, feed and warehousing, plus agricultural equipment and would supply five million doses of high quality semen every year to overcome national shortages.…

TECHNICAL textile markets can be driven and shaped by a range of forces – from natural disasters, to technological change, economic developments and political movements. In the case of the USA, at present, the technical textile market and industry is being moved by all these influences at the same time.…