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THE EUROPEAN Commission has proposed a new revamped European Union (EU) directive on combating fraud and counterfeiting of non-cash means of payment, with a key aim of criminalising scams associated with virtual currencies.

This legislation, which updates now obsolete 2001 rules, would insist EU member states treat as crimes possessing, selling, procuring, importing and distributing a stolen or unlawfully appropriated counterfeited or falsified non-cash payment instruments.…

IN a cutting-edge area of the textile sector such as digital manufacturing, planning and distribution, it is always helpful to know what the gold standard is for performance. But with technologies still developing and innovation taking hardware and software in directions that are untested – with implications that are as yet unknown – companies may not want to follow the crowd.…

GREECE is planning to make country-of-origin labelling on milk mandatory from 2018, Agriculture Minister Evangelos Apostolou said on 7 September. The labelling regulation bill will be discussed in the Greek parliament this week.

With this move, Greece joins a growing trend of European Union (EU) member states, notably France last year, to introduce these labelling rules for milk.…

A KEY European Chemicals Agency (ECHA) committee has ruled that the common whitening agent titanium dioxide should be recognised as carcinogenic within the European Union (EU) when inhaled. A formal recommendation that this health risk should be noted in an annex to the EU’s classification, labelling and packaging regulation (CLP) will come later this 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.…

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. …

QATAR is a small country, roughly half the size of Wales and with a population of 2.5 million. But what it lacks in demography and geography, it makes up for in spending power – and its significant cosmetic surgery industry is a key beneficiary.…

A YOUNG population with high disposable incomes coupled with a booming medical tourism sector has created an ongoing demand for cosmetic procedures in the United Arab Emirates (UAE). Dubai especially dominates this important market, being a global luxury-centric city with world-class medical infrastructure.…

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.…