Search Results for: Indonesia

SWEEPING tax reforms introduced by The Philippines’ President Rodrigo Duterte designed to raise funds for infrastructure improvements, may cool a protracted vehicle sales boom in the country, experts warn.

The first stage of changes under a Tax Reform for Acceleration and Inclusion Law (TRAIN) came into force in January and the resulting higher excise taxes saw sales of passenger cars and commercial vehicles drop by 9.5% and 8% respectively in the first quarter of the year compared to January-March 2017.…

For the first time since Zimbabwe gained independence from Britain in 1980, the African country’s tobacco selling season opened on March 21 this year with long time ruler Robert Mugabe no longer in power.

Former President Mugabe resigned last November (2017), faced with impeachment proceedings from Zimbabwe’s lawmakers, with the country’s generals and his own ZANU-PF party having turned against him.…

VISITORS to the INDO Intertex in Jakarta, Indonesia, will not only be introduced to the state-of-the-art textile and garment machinery, but also meet with potential clients, exchange business insights around key areas such as sustainability and energy efficiency and expand connections, organisers said.…

The INDO Intertex textile machinery exhibition will be staged in the Indonesian capital Jakarta next month to boost investment in a textile and clothing sector that is growing, the show’s project manager Paul Kingsen said. 

“The theme for this year INDO Intertex is investment growth acceleration.…

THE FUTURE of Indonesia’s textile and garment industry could be bright, but it companies must deal with the challenges of high energy costs and competition from regional neighbours to succeed, said Ade Sudrajat the chairman of the Indonesian Textile Association (API – Asosiasi Pertekstilan Indonesia).…

SOUTH Korean companies in the digital textile print supply chain are aware that Asian rivals beat them on price, but are managing to stay afloat through better quality, company managers have told Digital Textile.

“Chinese products are very competitive with their prices, but their quality is still not good enough to satisfy global standards,” said Hani Kim, a manager at the overseas sales department of Unitrade, a Seoul-based manufacturer of heat transfer film for digital textile printing.…

THE INDIAN perfumery and cosmetics sector is facing increased taxation and shortage of raw material supplies even as it is yet to cope with the functioning of the country’s new Goods and Services Tax (GST).

In the national budget presented on February 1, Indian finance minister Arun Jaitley doubled the customs duties for cosmetic and toiletry preparation products from 10% to 20% “to provide adequate protection to the domestic industry”.…

TEXTILE industry representatives have welcomed an anticipated move by the Indonesian government to make new corporate income tax cuts to boost investment and make its manufacturing industry – notably textile and clothing manufacturers – more competitive both at home and overseas.…

THE IMPORTANCE of Brazil as the world’s top supplier of internationally-traded tobacco leaf and manufactured products has been waning for the past decade, with India, notably, improving its position. New statistical analysis released by the World Trade Organisation (WTO) shows that this market share fall for Brazil also represented a decline in volume sales, given the global trade in tobacco leaf and products has shrunk since 2013 – until 2016, the year for which the latest data is available.…

THAILAND maybe in political stagnation, with its military government unlikely to stage elections until November at the earliest, but its paint and coatings market is expanding robustly. Demand for coatings in Thailand, during the whole of 2017, was estimated at 510,000 tonnes worth USD1.5 billion, according to US-based consultancy for the chemical industry Kusumgar, Nerlfi & Growney.…