Search Results for: Malaysia
10 results out of 766 results found for 'Malaysia'.
INDIAN PERFUMERY AND COSMETICS SECTOR BRACES FOR RAW MATERIAL IMPORT CHALLENGES WITH NEW GST HIKES
THE INDIAN perfumery and cosmetics sector is facing increased taxation and shortage of raw material supplies even as it is yet to cope with the functioning of the country’s new Goods and Services Tax (GST).
In the national budget presented on February 1, Indian finance minister Arun Jaitley doubled the customs duties for cosmetic and toiletry preparation products from 10% to 20% “to provide adequate protection to the domestic industry”.…
MALAYSIAN 2018 BUDGET OFFERS HOPE TO COUNTRY’S TEXTILE SECTOR TO BOOST EXPORTS
THE MALAYSIAN textile industry is pinning hopes on a government decision to reintroduce an export-targeted grant to revive the sector’s declining overseas business.
The decision to reintroduce the Market Development Grant, offered to SMEs, was announced during the 2018 national budget unveiled in October 2017.…
THAI COATINGS SECTOR DISPLAYING CONTINUED ROBUSTNESS
THAILAND maybe in political stagnation, with its military government unlikely to stage elections until November at the earliest, but its paint and coatings market is expanding robustly. Demand for coatings in Thailand, during the whole of 2017, was estimated at 510,000 tonnes worth USD1.5 billion, according to US-based consultancy for the chemical industry Kusumgar, Nerlfi & Growney.…
CHINA INNER CITIES GET NEW LICK OF PAINT AS MIGRANT WORKERS FLUSHED OUT OF BEIJING
A ROBUST Chinese government-backed internal migration policy, forcing hundreds-of-thousands of migrant workers from Beijing through mass demolitions of buildings ruled to be unregulated or unsafe has – unexpectedly – boosted China’s provincial paint markets.
Many labourers who had been painting city apartments and offices have left – increasing decoration prices in the capital and pushing these services into smaller cities as migrants move home or move to cities where such population control policies are absent.…
ASIAN REGULATORY ROUND UP – SINGAPORE BUDGET PUSHES MAJOR TAX REFORMS
SINGAPORE is to levy good and services tax (GST) on imported services from January 1, 2020, to help city state e-commerce service providers compete with foreign suppliers. B2B imported services will be taxed via a reverse charge mechanism. The move was announced in the government’s 2018 budget, that was announced on February 19.…
MEASURES TO SHORE UP INDONESIA’S WEAK AML/CT REGIME BEING INTRODUCED TO REDUCE VULNERABILITY TO ATTACK
FINANCIAL crime experts are urging Indonesia to step up its war on terror financing and money laundering highlighting the south-east Asian nation’s vulnerability to these threats. The USA state department’s 2017 International Narcotics Control Strategy Report (INCSR) noted these threats are significant despite Indonesia neither being a regional financial centre nor an offshore financial haven.…
SPECIALIST CHEMICALS SECTOR IS GLOBAL GROWTH AREA, AS DEMAND FOR SMART MATERIALS GROWS
THE GLOBAL speciality chemical market has been showing steady gains over the past few years and is set to continue in its growth trajectory, according to latest data. According to data from Pune, India-based global research company Allied Market Research, the global industry was worth USD175.4 billion in 2014 and has since shown promising growth to USD184 billion in 2015, USD193 billion in 2016 and USD202.5 billion in 2017.…
MALAYSIA’S PUSH TO EXPAND ITS MIDDLE CLASS NEEDS HR EXPERTISE SAY PERSONNEL MANAGERS
THE MALAYSIAN government should use human resources expertise to achieve its goal of sustainably growing the country’s middle-class workforce, creating high-skilled jobs and making sure such jobs are accessible to educated Malaysians, HR specialists have argued.
Using HR expertise is important for the government – which is facing an election this year (2018) – tied as it is to an official plan to increase the size of the country’s middle class from the current 40% of the country’s 31.19 million population to 45% by 2020, according to the ‘Eleventh Malaysia Plan (2016-2020)’ launched in 2015.…
THE PHILIPPINES PUSHES AHEAD WITH AML CONTROLS, AS DUTERTE CONTINUES VIOLENT ANTI-DRUG CRUSADE
It is no secret that sources of illegal proceeds of crime are manifold in the Philippines – witness President Rodrigo Duterte’s notorious campaign of state-sponsored killings, aimed at what he has claimed is an active industry of selling and trafficking illegal narcotics.…
OLIVER MIRZA, CEO DR OETKER INDIA, SAYS HIS COMPANY WILL MAINTAIN STRATEGY OF PROMOTING ENJOYABLE FOOD
High on the agenda of Dr Oetker India managing director and chief executive officer Oliver Mirza is making India a major production hub, not just for manufacturing packaged foods scoring sales in India’s growing markets, but also for exports.
In a wide-ranging interview with just-food on the sidelines of the India Food Forum, staged in Mumbai last month (January 17-19), Mirza said that by 2020, Dr Oetker India was targeting sales of Indian Rupees INR10 billion (USD155 million) of which its sub-brand FunFoods will account for INR5 billion (USD 77.50 million).…