Search Results for: Malaysia

Malaysia’s digital textile printing industry and market is growing at a steadfast pace, with local demand driven by regional designers and fashion brands, particularly when producing Islamic wear, such as scarfs and shawls.

However, the industry faces challenges securing enough orders to fully utilise its capacity.…

THE CHINESE government has announced that it will add another 46 cross-border e-commerce pilot zones in the country, bringing the number to 105, according to the State Council, effectively mainland China’s cabinet. The move is designed to help revive China’s export industries, which have been damaged by the Covid-19 pandemic.…

GIVEN the hundreds of billions of dollars spent by banks on fighting money laundering, fears that trade-based money laundering (TBML) remains widespread, as stressed by FATF, the APG (http://www.fatf-gafi.org/publications/methodsandtrends/documents/trade-basedmoneylaunderingtypologies.html), and most recently, the European Commission (https://ec.europa.eu/info/sites/info/files/supranational_risk_assessment_of_the_money_laundering_and_terrorist_financing_risks_affecting_the_union_-_annex.pdf), are of serous concern. The World Trade Organisation (WTO) said that in 2018, global merchandise exports were worth USD19.48 trillion, so there is plenty of place for laundered money to hide.…

• 1MDB SCANDAL IN MALAYSIA SEES USD BILLIONS STOLEN AND HIDDEN

Malaysia 1MDB scandal is one of the largest money laundering cases ever, worldwide, with Malaysian courts considering charges over how at least USD4.5 billion was stolen and then spent or laundered from Malaysian sovereign wealth fund 1Malaysia Development Berhad by former Prime Minister Najib Razak and his associates.…

HONG Kong listed companies have been given an additional 60 days to file annual reports because of the Coronavirus pandemic, with the HK Securities and Futures Commission (SFC) and the Hong Kong Stock Exchange (HKEX) saying additional delays maybe approved on a case-by-case basis.…

THE TREND towards consumers buying confectionery made with natural ingredients is gathering pace, with research from Germany-based international food ingredients-maker Döhler saying that worldwide more than 50% of confectionery consumers now want a “healthier” product and more than 60% “value natural ingredients”.…

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.…

MALAYSIA’S new United Malays National Organisation (UMNO)-dominated government has announced a Malaysian Ringgit MYR250 billion (USD57 billion) spending package to help the economy withstand the Covid-19 epidemic. This includes paying a monthly wage subsidy of MYR600 (USD137) for three months for employers with a 50% drop in business since January 1 for workers with monthly salaries below MYR4,000 (USD915).…

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.…

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.…