Search Results for: Indonesia

Thailand’s online packaged food market is small, but growing fast. Indeed, online sales of packaged food in Thailand are expected to grow dramatically by 2020 as Internet penetration increases and traffic in major cities makes in-person shopping inconvenient. Just over 40% of Thailand’s population can access the Internet at home, up from just 22.4% in 2010, according to the World Bank.…

SINGAPORE has signed deals allowing for the automatic exchange of financial account information with two key trade partners – Britain and Australia. The agreements were struck by the Inland Revenue Authority of Singapore (IRAS) with the UK’s Her Majesty’s Revenue and Customs (HMRC) and the Australian Taxation Office (ATO).…

EUROPEAN COMMISSION LAUNCHES GLOBAL TAX AVOIDANCE BLACKLIST ASSESSMENT

THE EUROPEAN Commission has completed the first phase of an assessment designed to help the European Union (EU) frame its own blacklist of jurisdictions deemed un-cooperative over tax avoidance and evasion. Brussels has released a ‘scoreboard’ of non-EU jurisdictions judging whether they exchange information with foreign tax authorities, have preferential or low tax regimes, have close and important economic and financial links with the EU and are politically stable (and hence more attractive as a tax haven).…

The cosmetics surgery sector in South Korea, the industry’s undisputed bellwether in Asia, expanded strongly in 2015, with the number of total cosmetics surgery procedures growing by 17.9% year on year, to 1.2 million, according to the International Society of Aesthetic Plastic Surgery (ISAPS).…

MALAYSIAN Prime Minister Najib Razak has come under renewed pressure over allegations that he personally profited from a sovereign wealth fund, after the US Department of Justice (DoJ) announced it would seek to recover more than USD1 billion in “misappropriated assets”.…

WORKFORCE DEMOGRAPHICS

East Asia is a very varied region in terms of economic development. Take the 10 members of trade bloc ASEAN (the Association of Southeast Asian Nations): with 632 million people, demographics greatly vary, from aging Singapore and Thailand, to the younger and emerging economies of Indonesia, Cambodia, Vietnam, Malaysia and the Philippines.…

Ethiopia’s government is promoting what it says is Africa’s largest eco-industrial park dedicated to textile and garment production. The Hawassa Industrial Park (HIP), boasting state-of-the-art water recycling facilities, has attracted major textile producers from Asia and the US including American clothing giant Phillips-Van Heusen (PVH).…

The Indonesian Textiles Association (API – Asosiasi Pertekstilan Indonesia) has told WTiN.com that it enthusiastically endorses the opening of negotiations between the European Union (EU) and Indonesia to forge a Comprehensive Economic Partnership Agreement (CEPA) free trade deal.

The goal of the talks announced in July will be to create an agreement that goes beyond traditional agreements that focus on duty and quota abolition, to include removing non-tariff barriers through regulatory mutual recognition and harmonisation.…

WITH personnel managers in Britain and continental Europe worrying about the impact of the UK’s Brexit vote to quit the European Union (EU), human resources experts in the 10 country Association of Southeast Asian Nations (ASEAN) bloc are facing the opposite challenge, an increase in freedom of movement of workers.…

THE ASIA Pacific region remains the workshop of the world in terms of nonwovens production, and it is not only China’s producers who are growing, local suppliers are feeding growing domestic markets for nonwovens products elsewhere in east and southeast Asia.…