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Search Results for: Malaysia

10 results out of 751 results found for 'Malaysia'.

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ASIAN PAINT REGULATORY ROUND UP – INDONESIAN EXTERIOR PAINT STILL USES LEAD, WARNS WORLD BANK 

A World Bank study released in October revealed that 58% of Indonesian households with visible interior paint still use products containing lead, posing significant health risks, especially to children under five. An estimated 10.2 million young Indonesian children live in homes with lead-based paint, with 14% of them at heightened risk from deteriorating paint conditions, according to the report.

It said 77% of popular paint brands on sale in Indonesia exceed safe lead levels, contributing to long-term health issues such as reduced IQ, neurological disorders, and cardiovascular problems. 
 
The country’s industry ministry denied the report’s claims, stating that Indonesia’s decorative paints meet national standards, which limit lead content to below 90 parts per million (ppm), in line with World Health Organisation (WHO) recommendations. 
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Countries of central Asia. Image Credit: https://commons.wikimedia.org/wiki/File:Flag_map_of_central_asia.png

ASIAN PAINT REGULATORY ROUND UP – VIETNAM EXPANDS IMPORT SAFETY CONTROLS TO ALL CHEMICAL INPUTS 

Vietnam’s ministry of industry and trade (MOIT) has released a draft amendment to the country’s Law on Chemicals. The draft amendment stipulates that all chemicals, including paint and coating ingredients, must be declared when imported through Vietnam’s National Single Window Information Portal.

Under current regulations, only certain chemicals must be declared when imported, leading to the possibility of many dangerous and toxic chemicals imported into Vietnam. The MOIT explained that this weakness was especially relevant for new chemicals imported into Vietnam for the first time, impeding the government’s ability to update the list of chemicals that must be declared, hindering the identification of new chemicals, needed to apply management and safety procedures. 
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ASIAN PAINT REGULATORY ROUND UP - INDINESIA NEW CAPITAL PROJECT GATHERS STEAM WITH MAJOR PAINT AND COATINGS SALES POTENTIAL

As construction ramps up, paint and coatings companies are eyeing lucrative opportunities in Indonesia's new capital Nusantara, with several recent project launches promising a significant boost to the industry.   Outgoing President Joko Widodo recently inaugurated several key projects in Nusantara, including the emerging city's international airport, hospitals, schools and housing.


Several ongoing projects promise to further fuel the demand for coatings including a new presidential palace, the parliament building and smart city infrastructure. 
 
Nusantara’s focus on sustainability presents a unique opportunity for eco-friendly coatings, the government has stressed. It has mandated the use of green building materials, including paints with low volatile organic compounds and recycled content.  
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ASIA REGULATORY ROUND UP



The Indonesian government is ramping up its requirement for government-funded construction to use locally-made products by insisting paint and coatings manufacturers seeking to supply such projects use national standardisation and certifications.

This, said the chairman of the Indonesian Paint and Coatings Association, Markus Winarto, is part of a trade ministry directorate general of chemical, pharmaceutical and textile industries campaign to reduce imported products.…

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MILITARY TAKEOVER OF MYANMAR HAS HINDERED PAINT AND COATING AND INDUSTRY AND MARKET



The military coup d’état on February 1st, 2021, which overthrew an elected government in Myanmar has harmed the country’s paint and coating industry and market, impeding the construction sector, which had been expanding its work before the current ruling military junta seized power.…

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UAE’S PURE HARVEST CONSIDERS SECOND SUKUK AS IT LOOKS TO EXPAND TO ASIA



United Arab Emirates (UAE)-based Pure Harvest Smart Farms plans to raise funding through a new sukuk (Islamic bond) to support its food-security driven expansion plans, Tariq Sanad, the company’s chief financial officer, told Salaam Gateway.

The agritech firm’s breakthrough farming system that can produce year-round crops in the desert has attracted a diverse mix of investors since its inception in 2016.…

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CAMBODIA MAINTAINS STRENGTH AS CLOTHING CUT AND SEW CENTRE – BUT UNDERLYING WEAKNESSES PERSIST



Cambodia’s clothing sector may continue to face challenges over its weak backward linkages and pressure to increase wages – balancing reasonable pay with international competitiveness in price sensitive markets – but its apparel export receipts remain healthy. The country’s clothing export earnings were not seriously damaged by the Covid-19 pandemic, which had a relatively light impact on Cambodia.…

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ISLAMIC SOCIAL FINANCE COULD HELP DELIVER UN SUSTAINABLE DEVELOPMENT GOALS



There is a growing global movement to align Islamic social finance with the United Nations’ Sustainable Development Goals (SDGs) (https://sdgs.un.org/goals), which are designed to address global environmental, social and economic challenges by 2030. These include combating poverty, inequality, climate change and environmental degradation and ensuring social justice.…

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MODEST CLOTHING MAY BE SOPHISTICATED AND ELEGANT, SAY MUSLIM INFLUENCERS



Time was when modest Muslim fashion was about being unseen – practicing piety without giving as much as a nod to style or fashion. But female consumers around the Muslim world are increasingly combining their desire to proclaim modesty and religious identity without discarding elegance and sophistication in their clothing choices.…

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ISLAMIC MICROFINANCE MUST BREAK DOWN BARRIERS TO ACHIEVE POTENTIAL



The global Islamic microfinance market has room to grow significantly if it can overcome social and regulatory barriers that have so far curbed its expansion, say experts. Given microfinance is a poverty-alleviation mechanism that provides credit and other financial resources to poor and low-income households and small-and-medium-sized businesses, it fits well with the charitable traditions of Islam.…

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