Search Results for: Indonesia
10 results out of 811 results found for 'Indonesia'.
INDONESIA PAINT AND COATINGS SECTOR SET FOR STABLE GROWTH POST-COVID-19
The paint and coatings industry in Indonesia still has ample room for growth amid booming infrastructure development, although it has had to struggle with the ongoing Covid-19 pandemic, say officials and industry experts.
With the property sector being the primary growth driver Indonesian paint and coating sales, the high demand for new housing and the repainting cycle assures the steady demand for paint and coating products, said Mahendra Chahar, senior consultant at Frost & Sullivan.…
ISLAMIC FINANCE FLOURISHES IN THE GULF AND SE ASIA
Islamic finance is flourishing across parts of the Middle East and south-east Asia. Assets are increasing, there is a greater diversification in product offerings, and Islamic fintech is starting to take off.
Islamic finance assets were estimated at USD2.88 trillion globally in 2020, and are forecast to grow at a CAGR of 5% to 2024, to reach USD3.69 trillion, according to New York-based research firm DinarStandard’s State of the Global Islamic Economy (SGIE) 2020-21 report.…
EY/WTO REGULATORY ROUND UP – EU FOOD AND DRINK TRADE WITHSTANDS COVID-19
THE EUROPEAN Union’s (EU) international food and drink trade has withstood the challenges of Covid-19, with figures for the first eight months of 2020 valuing EU exports (excluding the UK) at EUR119 billion, up 1.2% compared to January-August 2019. Imports also rose slightly to EUR81.6 billion (up 0.8%).…
INTERNATIONAL REGULATORY ROUND UP – EU/UK CONFECTIONERS MUST ABIDE BY COMPLEX ORIGIN RULES TO SECURE BREXIT DUTY FREE TRADE
BRITISH and European Union (EU) confectioners must take care to ensure their products meet new origin rules if they want them covered by the duty free goods provisions of the new EU/UK trade agreement struck on Christmas Eve.
The 1,256-page deal includes complex and comprehensive origin rules, such as for chocolate, which can be deemed made in the EU and Britain if all dairy, eggs and honey used are sourced locally, as well as at least 40% of grains, malt, starches and wheat, (which must also not exceed 30% of costs).…
INTERNATIONAL TECHNICAL UPDATE – IASB CONSULTS ON IN-GROUP MERGER ACCOUNTING STANDARDS
The International Accounting Standards Board (IASB) is consulting on proposed new accounting requirements for mergers and acquisitions involving companies within the same group. At present IFRS 3 on business combinations covers mergers and acquisitions involving third party-owned businesses, not intra-group deals.…
CORRUPTION REMAINS A MAJOR PROBLEM IN ASIA, SURVEY FINDS
A new Transparency International (TI) survey has reported significant concern in 17 Asian countries (1) that corruption continues to be a problem or is getting worse, undermining equitable access to public services and trust in government. TI’s ‘Global Corruption Barometer – Asia’ (2) found 74% of the 20,000 people surveyed believe that government corruption is a major problem in their country, with 19% of citizens surveyed admitting to paying a bribe and 22% using personal connections when accessing public services in the previous year.…
CHINA PET MATERIALS MARKET FACES NEW IMPORT BAN THREAT
China’s recycled polyethylene terephthalate (PET) materials market is heading for another distortion with repercussions for apparel and footwear brands. While the likes of Adidas, Nike and Decathlon continue shifting from virgin fibre to recycled fibre to improve their environmental impact standings, China’s PET market is heading for another distortion, raising the spectre for supply bottlenecks and price increases. …
AUSTRALIA’S ENERGY ‘TRANSITION ROADMAP’ HEAVILY RELIANT ON GAS
AUSTRALIA has chosen an unorthodox path in transitioning to a low carbon economy. Its centre-right government has advised the country’s clean energy agencies to decrease investment in renewables such as solar and wind and instead increase investment in hydrogen, carbon capture and storage, microgrids and energy efficiency.…
AUSTRALIA: QUICK UPTAKE OF DIGITAL PRINTING TECHNOLOGY OFFER LOCAL DESIGNERS CHANCE TO TEST PRODUCTS
AUSTRALIA’S digital textile finishing market is small and therefore challenging compared to markets in Asia, Europe or the US. Australian fashion and fabric manufacturers usually outsource finishing to partners in Asia, notably in China or India, but use local digital print companies for smaller runs and sampling, said Romeo Sanuri, general manager Next Printing, which offers digital printing services to textile customers from Sydney.…
ASIA PACIFIC PAINT AND COATINGS REGULATORY ROUNDUP – CHINA RELEASES ANTI-VIRAL/BACTERIAL COATINGS STANDARD
THE CHINA Coatings Industry Association on September 14 published a draft standard for the manufacture and sale of antibacterial and anti-viral coatings – a key growth segment during the Covid-19 pandemic. The draft specifies the terms, definitions, requirements, test methods, inspection rules, labelling, marking, packaging and storage of coating products with antibacterial and antiviral properties.…