Search Results for: Indonesia

The global market for halal food is expected to grow from USD698 billion in 2012 to reach USD830 billion in 2016, according to Malaysia’s department of Islamic development, and manufacturers in its country and neighbouring Thailand are competing to service this demand.…

INDIA’s new government may impose a 20% anti-dumping duty on saturated fatty alcohols from Indonesia, Malaysia and Thailand – an important raw material for shampoos and cosmetics. Administrative proceedings that may spark the creation of this tariff started in this February, before the May general election, which brought the current BJP administration to power.…

THE MARKET for perfume and other scents in Asia is developing fast in most of the continent, especially in emerging markets, where consumers are using their new purchasing power to explore new tastes and brands.
To some extent, perfume has been lagging behind colour cosmetics and skincare, which have been targeted by the bigger brands as products likely to be regarded as affordable luxuries in the masstige market segments.…

THE INDIAN cosmetics market has been growing consistently at around 15% annually, and given the country’s large and growing population, much of which still spends very little on cosmetics, long term growth seems assured. This is the assessment of Technopak, a consultancy firm based in Gurgaon, near New Delhi.…

THE ORGANISATION for Economic Cooperation & Development (OECD) has secured agreement from its 34 rich world member countries to apply a new single global standard on automatic exchange of tax information. Endorsed by G20 finance ministers, the standard obliges countries and jurisdictions to obtain all financial information from their financial institutions and exchange that information automatically with other jurisdictions annually.…

Extreme weather events in 2013 were plentiful in the Asia-Pacific region – increasing demand for high performance coatings. Typhoons and cyclones brought devastation to parts of the central Philippines with typhoon Haiyan, while India was hit by Phailin, the second strongest tropical cyclone to strike the country since accurate meteorological records began.…

Energy production and distribution is often the bedrock of sustainable economic development, and for an archipelago such as Indonesia, onsite power and small grids will always be the most sensible option. The government of south-east Asia’s most populous country has released a Masterplan for Acceleration and Expansion of Indonesia’s Economic Development (MP3EI) whose goal is developed economy status by 2025.…

THE EUROPEAN Commission has released a new European Energy Security Strategy, aimed at further reducing Europe’s reliance on energy imports, notably on politically unreliable trading partners such as Russia.

Its new policy plan was to be debated at the next European Union (EU) summit (European Council) on June 26-27, in Brussels.…

A DISPUTES panel has at last been formed at the World Trade Organisation (WTO) to consider whether Australia is breaking WTO rules by insisting since December 2012, under the Tobacco Plain Packaging Act 2011, that all tobacco products must be sold in plain packaging.…

The Indonesian textiles industry is facing a crisis of competence that will worsen if vocational training continues to be neglected by the government and manufacturers, an industry training leader has warned. Johann Höpflinger, director of the International Garment Training Centre (IGTC), based in Citeurup, West Java, called on industry leaders to provide extra funding to address the skills shortage.…