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The market for packaged food with health claims is still small in Thailand, with the organics food sector being particularly tiny. But functional food sales growth rates have been picking up markedly on the back of an aging population translating into increasing awareness of health problems, such as cancer, cardiovascular diseases, obesity and diabetes.…

There is “irrefutable evidence” the Malaysian Airlines flight MH17 that crashed over war-torn Ukraine on 17 July 2014 was hit by a Russia-made BUK missile from the 9M38 series, the Dutch Public Prosecution Service’s Joint Investigation Team (JIT) told a Wednesday (September 28) press conference for relatives of the 298 victims.…

SOUTH Asia’s growing personal care product sector is of increasing importance to international brands, with growing middle classes among vast populations creating a honeypot market with consumers, many accustomed to English-language marketing.

As the region’s hub and overwhelmingly most populous country, India’s beauty and personal care industry will generate sales worth USD13.3 billion in 2016, growing by 14.2% year-on-year, according to UK-based market research firm Euromonitor International.…

The European Commission’s decision on August 30 to order United States (US) tech giant Apple to repay Ireland a record-breaking EUR13 billion in back taxes will make waves in the tax and accounting world, experts have told Accounting & Business Ireland.…

VIETNAM’S textile sector faces significant challenges as it seeks to profit sustainably from new commercial opportunities offered by international trade deals, such as the Trans-Pacific Partnership (TPP), a major industry conference has been told. The Vietnam Textile Summit 2016 was held from June 29-30, at The Reverie Saigon, an upscale hotel in downtown Ho Chi Minh City (HCMC).…

South-east Asia is a region that has sharp contrasts in economic development, from between the wealth of Singapore to countries such as Myanmar, where poverty is endemic and consumer markets are relatively undeveloped.

Such contrasts pose challenges for personal care product companies seeking regional strategies to tap the markets of the Association of Southeast Asian Nations’ (ASEAN) 10 countries, whose cosmetics suppliers have to comply with the standards of the ASEAN Cosmetics Directive, which was modelled on European Union legislation.…

A PRELIMINARY ruling at the European Court of Justice (ECJ) has said authors should be compensated for the lending of their electronic books by European Union (EU) public libraries similarly to traditional books – with one royalty per purchase, not every time an e-book is lent to a reader.…

THE UK’s personal care and cosmetics industry faces uncertainty and potential future trade challenges with the European Union (EU) following the 52% to 48% June 23 referendum vote to leave the EU. “No longer being part of a single market for the free circulation of goods and no longer being a key player in the development of legislation governing those goods will be a major challenge to the cosmetics industry as it will be to all other sectors of the UK industry,” Chris Flower, director-general of the UK’s Cosmetic, Toiletry & Perfumery Association (CTPA), told Soap Perfumery and Cosmetics.…

The US deodorant and antiperspirant market is in good shape, experiencing and projecting steady growth year after year in a largely saturated market where innovation is key to driving sales. Euromonitor International, the London-based market research firm, released a report in April 2016, which says the US deodorants market tends to grow “solidly” but “rarely dramatically”. …

EUROPEAN Union (EU) dairy producers are suffering a prolonged crisis because of the April 2015 elimination of milk quotas; Russia’s food import ban – now extended until December 31, 2017 – and worldwide overproduction, the European Parliament has heard. Moreover, MEPs at a ‘New exceptional market measures limiting milk production’ hearing hosted by the European Parliament’s agriculture and rural development committee in Brussels on May 25 were not convinced the EU’s EUR500 million aid package agreed in September 2015 would give producers the help they need.…