Search Results for: Indonesia
10 results out of 811 results found for 'Indonesia'.
SOUTH KOREAN BEAUTY SECTOR IS STRONG, BUT WILL NEED TO INNOVATE TO COPE SUCCESSFULLY WITH COVID-19 CRISIS
With the Korea Cosmetic Industry Institute (KCII) estimating there were USD11.7 billion’s worth of South Korean-made personal care products (‘K-beauty’) sales in 2019, including nearly USD6.49 billion in exports, and more than 16,000 individuals and businesses officially licensed to provide cosmetic products and services, South Korea’s cosmetic industry has the innate strength it will need to cope with the Covid-19 crisis.…
ASIAN PAINT AND COATING REGULATORY ROUNDUP - INDONESIAN INITIATIVE FOCUSES ON REMOVING LEAD FROM PAINTS
Indonesia’s industry ministry launched an initiative in February (2020) aimed at eliminating lead used in paint made and sold in the country. It involves the Indonesian paint industry, is part of the United Nations Environment Programme’s (UNEP) Strategic Approach to International Chemicals Management (SAICM) project and is funded by the Global Environment Facility (GEF), an international investment body.…
THE PHILIPPINES READIES A TEXTILE-GARMENT INDUSTRY EXPANSION ROADMAP
The Philippines department of trade and industry is finalising a roadmap to revive the textile and garment industry, devised by the government’s Board of Investment.
Latest drafts of this Textile-Garment Industry Roadmap 2020-2029, which has yet to be formally released, lays out the path for an integrated textile-garment industry, strong linkages between industry, government and private sector, as well as a dedicated trade office.…
JANUARY SEES INCREASES IN MINIMUM WAGE RATES IN OUTSOURCING MANUFACTURIONG HUBS WORLDWIDE
NATIONAL minimum wages have been rising in clothing manufacturing outsourcing hubs around the world, with low and medium-cost manufacturing centres increasing pay rates, as their governments seek to balance the need for export competitiveness with the value of industrial peace to avoid production disruption and the ability to retain experienced staff.…
SOUTH EAST ASIA’S INCREASINGLY SOPHISTICATED COATINGS MARKET DEMANDS ANTIMICROBIAL PRODUCTS TO DEFEND AGAIMNST HUMID CLIMATE
IN southeast Asia’s humid and hot climate, the need for coatings to protect homes, businesses and public service buildings from mould is significant – expanding demand for anti-microbial coatings, especially as strong economic growth fuels construction.
The regional economic powerhouse that today’ Vietnam recorded slightly above 7% gross domestic product (GDP) growth for a second consecutive year, making it one of the best performers globally.…
ASIAN COATINGS REGULATORY ROUND UP – AUSTRALIS DEVELOPS CHEMICAL ENVIRONMENTAL RISK STANDARD
CONSULTATIONS are being assessed in Australia to develop a National Standard for Environmental Risk Management of Industrial Chemicals, which will include coatings and their chemical ingredients, Australia’s department of agriculture, water and the environment has said in a note. The national standard, for which consultations were to end in February, is being designed to ensure that potentially harmful high-risk chemicals are subject to appropriate and consistent environmental controls across the nation.…
INDONESIA'S ROBUST ECONOMIC GROWTH OFFERS MAJOR OPPORTUNITIES FOR THE COUNTRY'S PAINT AND COATING INDUSTRY
Indonesia’s paint and coatings sector is expected to continue to grow, driven by an expanding middle-class population, the fast-growing construction sector and ambitious government infrastructure projects, encompassing transport networks, energy and utilities.
The south-east Asian country’s paint and coatings market has grown to almost USD2.5 billion in sales revenue in the past year and sales are expected to expand at a fair clip of between 6% and 7% annually in the next five years, according to industry analysts Frost & Sullivan. …
ASIA REGULATORY ROUND UP – MALAYSIA DEMANDS SYSTEM BANKS BOOSTS RESERVES TO PROTECT AGAINST CRASHES
THE MALAYSIAN government has issued a Domestic Systemically Important Banks (D-SIB) Framework, which tells financial institutions of importance to Malaysia’s wider economy to hold minimum levels of reserves to protect themselves against troubled times. Mandatory ‘higher loss absorbency’ (HLA) requirements for listed systemic banks, ranging between 0.5% to 1.0% of risk-weighted assets, will come into force from January 31, 2021.…
LENZING’S INDONESIA INNOVATION HUB COMPLETES FIRST YEAR WITH EYE ON BOOMING ETHNIC WEAR MARKET
AN INDONESIA-based fabric and yarn innovation centre has hailed success in developing wood-based cellulose fibres that it says are set to drive business in the multibillion-dollar Asian ethnic wear market. The ‘Lenzing Centre of Excellence’ (LCOE), operated by Austria’s Lenzing Group in Purwakarta, West Java, Indonesia, has just completed its first year of operations, with its R&D focus ranging from Indonesian batik to Muslim hijabs and Indian saris.…
TRADITIONAL BATIK TO BE SCRUTINISED BY DIGITAL TECHNOLOGY TO PROVE AUTHENTICITY
THE INDONESIAN government is trying to integrate digital technologies into the country’s batik sector to differentiate and authenticate its products from other Asian competitors. The world’s largest batik exporter, Indonesia’s batik exports reached USD52.4 million in 2018 and USD17.99 million in the first quarter of 2019, according to data gathered by Indonesia’s Antara news agency.…