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Taiwan’s main airport, Taiwan Taoyuan International Airport, is to undergo a major expansion, increasing its annual passenger capacity from 32 million to 60 million by 2030. Located halfway between the capital Taipei and the island’s industrial heartland along its western coast, the airport is planned to become the centerpiece of the government’s highly ambitious Taoyuan Aerotropolis project, which with an estimated investment of Taiwan New Dollar TWD600 billion (USD20 billion).…

Chinese construction firms have cornered plenty of business in Africa and Latin America, but they need upskilling to consolidate their position. Anyone who observes the queues of nervous young men lining up in the early morning in Beijing’s tree-lined Sanlitun diplomatic district will be in no doubt of the intensity of Chinese activity in Africa and Latin America.…

IN the 1970s and 1980s, the governments of Latin America and the Caribbean did not have a comprehensively robust reputation for sound financial management. Many Caribbean island states had newly emerged from colonialism, finding their way as independent countries. And many Latin American countries were riven by social discord, even civil war, with many under military rule.…

WHEN American personal care product giant Johnson & Johnson opened its shared-services centre in Prague during 2006, it employed 12 people and provided only in-group procure-to-pay services. Currently this Johnson & Johnson finance centre is the largest of the five centres the company operates worldwide in terms of staff numbers as well as the scope of services it provides to internal business partners.…

ACCOUNTING firms auditing overseas-listed Chinese companies are keeping a close eye on a draft regulation released by China’s finance ministry on April 29 which would restrict the roles that foreign auditors can play in this work.

This ‘Accounting Firms Cross-border Auditing Service Temporary Regulation’ would prevent accounting firms registered outside mainland China from carrying out au­dits alone for Chinese overseas-listed enterprises, in­cluding overseas listed enterprises with operat­ions in China.…

A DISPUTES panel has at last been formed at the World Trade Organisation (WTO) to consider whether Australia is breaking WTO rules by insisting since December 2012, under the Tobacco Plain Packaging Act 2011, that all tobacco products must be sold in plain packaging.…

HELPING AND ADVISING EUROPEAN CONSUMERS SHOPPING AND TRAVELLING ABROAD

WHEN CAN ECC-NET OFFICES HELP YOU?

• Air travel

So much can go wrong: flights can be delayed or cancelled; luggage can be lost or damaged; and hidden fees can be charged.…

THE EUROPEAN Bank for Reconstruction & Development (EBRD) is increasing its assistance to Ukraine, because of its ongoing political and military crisis, the development institution’s annual meeting has been told. The country is a core part of the EBRD’s eastern, central Europe and central Asia region of operation, along with Russia, which recently annexed Crimea, sparking a diplomatic firestorm.…

One of the main drivers of the Ukrainian revolution of February this year was the monumental levels of corruption within both the private and state sectors. Transparency International last year placed the country in 144^th place on its ‘corruption perceptions index,’ at par with Papua New Guinea and the Central African Republic.…

WITH more than three in four residents of the European Union (EU) residing in cities and traffic volumes rising, the number of complaints linked to environmental noise in Europe has been increasing. That is why earlier this month, members of the European Parliament backed proposals from the EU executive, the European Commission, to reduce vehicle noise by 25% in cities by the year 2024.…