Search Results for: Malaysia
10 results out of 766 results found for 'Malaysia'.
MALAYSIAN BUDGET SEEKS TO CONSOLIDATE REFORMS OF NEW PAKATAN HARAPAN GOVERNMENT
MALAYSIA’S Pakatan Harapan government has released its 2020 budget, its second since gaining power in 2018, and one that aims to consolidate reforms undertaken by an administration headed by veteran Prime Minister Dr Mahathir Mohamad. This was not a budget bringing major change, indeed finance minister YB Tuan Lim Guan Eng stressed when delivering his budget speech to the Malaysian parliament on October 11 how the government has been tying up earlier major reforms, such as scrapping the unpopular goods and services tax (GST).…
MALAYSIA TEXTILE INDUSTRY USES NANOTECHNOLOGY TO LEVERAGE OPPORTUNITIES CREATED BY US-CHINA TRADE WAR
AN INCREASING reliance on using nanotechnology is giving Malaysian textile manufacturers a competitive edge over rival producers in south east Asia, experts claim.
According to Seow Hon Cheong, president of the Malaysian Textile Manufacturers Association, since the US–China trade war began, opportunities for exports by and investments in the Malaysian textile sector have opened.…
VIETNAM’S CAR IMPORTS SURGE AS THAILAND, INDONESIA-BASED MANUFACTURING FINALLY COPES WITH RED TAPE – INDICATING MAJOR POTENTIAL AS FUTURE MARKET
A sharp increase in imports of cars into Vietnam has underlined how this south-east Asian country of 96 million people, could become a major auto market, especially as Vietnamese drivers move from motorcycles to cars.
At present, the motorcycle is king in Vietnam.…
OUTSOURCING CENTRES IN ASIA UNDERSTAND BENEFIT OF DIGITAL WEAVING TECHNOLOGY – BUT INVESTMENT CAN BE EXPENSIVE
OUTSOURCING centres in Asia for the international textile sector are increasingly adopting digital technologies to improve the efficiency of their weaving, as they compete for business from clothing manufacturers and brands.
Bangladesh weavers are becoming increasingly tech-savvy to improve efficiency while driving down costs.…
PHILIPPINES AND THAILAND CONTINUE TRADE LAW BATTLE OVER ACCESS TO THAI TOBACCO MARKET
THE PHILIPPINES and Thailand cigarette industries are still fighting a long trade dispute that has seen litigation rumble through the World Trade Organisation (WTO) since 2008. That year, the Philippines government lodged a series of complaints with the WTO’s disputes settlement body (DSB) that the Thai Customs Department had imposed unjust restrictions on imports of cigarettes from the Philippines.…
PROSPECTS FOR LABOUR CODE CHANGES FEARED BY VIETNAM’S GARMENT SECTOR STILL SHROUDED IN UNCERTAINTY
VIETNAM’S garment-makers have been worrying that a draft revised Labour Code will reduce their competitiveness, but four months after the draft was published there remains a strong chance it will never be enshrined in law.
The draft, which was officially submitted to the National Assembly in May 2019 for an envisioned passage in November, outlines a reduction of working hours from 48 hours per week to 44 hours which, according to the Vietnam Textile and Apparel Association, would reduce the industry’s export value by at least USD3 billion per year, as businesses would struggle to recruit workers.…
CHINA’S FINANCE MINISTRY PLOTS LAW PUNISHING LAW BREAKING ACCOUNTANTS
CHINA’S ministry of finance drafted regulations punishing accountants violating national accounting laws. Proposals under public consultation would include blacklisting accountants found guilty of fabricating, hiding or destroying financial reports, books and documents, or telling other accountants to undertake such malpractice. Accountants involved in embezzlement would suffer the same fate.…
ASIAN REGULATORY ROUND UP – CHINA IMPOSES RETALIATORY TARIFFS ON US PAINT EXPORTS
THE CHINESE government has from September 1 imposed 5% additional retaliatory duties on US exports of paint to China, in the latest round of the trade war between the two countries. The new tariffs cover products such as polyester, acrylic, ethylene and polyeurathane powdered paints; acrylic, polymer and vinyl liquid paints; and more – see http://gss.mof.gov.cn/zhengwuxinxi/zhengcefabu/201908/P020190823604938915640.pdf…
ASIAN REGULATORY ROUND UP – HONG KONG GOVERNMENT RELEASES TAX BREAKS TO BOOST ECONOMY DURING ONGOING TURMOIL
HONG Kong’s government has released tax measures to support an economy buffeted by political protests, the US-China trade war and headwinds from a potential hard Brexit. Its financial secretary announced that 27 groups of government fees and charges would be waived for 12 months to benefit sectors including maritime, logistics, retail, catering, tourism, construction, agriculture and fisheries businesses.…
ASIAN REGULATORY ROUND UP – HONG KONG GOVERNMENT RELEASES TAX BREAKS TO BOOST ECONOMY DURING ONGOING TURMOIL
HONG Kong’s government has released tax measures to support an economy buffeted by political protests, the US-China trade war and headwinds from a potential hard Brexit. Its financial secretary announced that 27 groups of government fees and charges would be waived for 12 months to benefit sectors including maritime, logistics, retail, catering, tourism, construction, agriculture and fisheries businesses.…