Search Results for: Malaysia

THE SECURITIES and Futures Commission (SFC) of Hong Kong has announced a strategic framework to develop green finance. A priority will be to enhance listed companies’ consistent and comparable disclosure of environmental information, emphasising climate-related risks and opportunities. The SFC will also help asset managers clarify how and to what extent they factor environmental criteria into their investment processes and risk assessments.…

A SALES and Services Tax (SST), replacing Malaysia’s now abolished goods and services tax (GST), has come into force (from September 1), via the new Sales Tax Act 2018 and the Service Tax Act 2018. The SST is a single-stage tax, a sales and services tax imposed on manufacturers and service providers rather than end customers, as with the 6% GST.…

Cryptocurrencies have made a big splash across Asia, and governments have taken very different regulatory approaches to curb associated financial scams and money laundering.

While there is one group of countries that has banned the operation and use of cryptocurrencies entirely, including China, India and Vietnam, a second category spans countries that see cryptocurrencies as potentially boosting their own financial sectors.…

WITH the old certainties that the world would move steadily towards ever freer trade now crumbling, the technical textile sector is closely monitoring shifts in trade policy by key governments and international organisations.

This industry depends on the free flow of materials and finished goods – and unlike many textile segments – still has a significant manufacturing presence in mature markets, making the impact of trade policy changes complex and hard to predict.…

A SALES and Services Tax (SST), replacing Malaysia’s now abolished goods and services tax (GST), has come into force (from September 1), via the new Sales Tax Act 2018 and the Service Tax Act 2018. The SST is a single-stage tax, a sales and services tax imposed on manufacturers and service providers rather than end customers, as with the 6% GST.…

NEGOTIATIONS for a free trade agreement between Indonesia and the European Union (EU), which will pave the way for greater opportunities for the textile and garment sectors, are entering a final phase, the head of Indonesia’s textile industry association said.

“Negotiations are entering the sixth round.…

THE MALAYSIAN government has approved a new minimum wage of Malaysian Ringgit MYR1,500 (USD368) for the private sector, but the new wages floor will be phased in gradually.

“If we push for higher minimum wages, cost of production will go up and we will not be competitive,” Malaysia’s Prime Minister Dr Mahathir Mohamad told the country’s national news agency, Bernama, today.…

Malaysia’s newly elected government, in power from May, led by Prime Minister Dr Mahathir Mohamad, came to power in part as to clear draft and corruption from the country. How well is it performing? Poorna Rodrigo reports.

The Mahathir government has pledged a whole raft of measures to fight corruption.…

INDIA’S paint industry has been exempted from a mandatory biocide registration requirement under the national Insecticides Act (1968) if the biocides are used as a dry film preservative. However, new guidelines issued by Central Insecticide Board and Registration Committee (CIBRC) in June have told the Indian paint industry that they must use registered biocide products at recommended dosages, or protective labelling rules will kick in.…

EUROPEAN Union (EU) customs’ long-standing struggle with counterfeit textile products coming from south-east Asia and the resulting economic losses have sparked the EU to invest in two initiatives aiming at preventing the trade of fake goods. 

IP Key South East Asia (IP Key SEA) and ASEAN Regional Integration Support from the EU (ARISE Plus), both launched this April, will be strongly promoting the protection of intellectual and industrial property rights in the textile and other impacted sector.…