Search Results for: Malaysia

A MALAYSIAN government scheme encouraging foreign investors to buy property in Malaysia may have led to thousands of Bangladeshis breaching their country’s strict capital control restrictions.

A total of 3,493 Bangladeshis has participated in the Malaysia My Second Home (MM2H) long-term residency programme since 2003, according to statistics updated in December (2016) – 10.7% of all investors taking part worldwide.…

ASIA’S technical textiles sectors continue to grow, fuelled by ready buyers in domestic and overseas markets, but governments can and do help too – keen to promote these sustainable high tech industries.

China is a case in point. Its industry and information technology ministry plus the National Development and Reform Commission in January (2017) jointly issued development guidance for technical textiles as part of China’s 13th Five-Year Plan, which runs from 2016-20.…

THE ASEAN Audit Regulators Group (AARG) and the big-four audit firms have agreed a measurable goal to improve audit quality within south-east Asia. The project involves Deloitte, EY, KPMG, and PricewaterhouseCoopers (PWC) in Malaysia, Indonesia, Singapore and Thailand; along with Malaysia’s Audit Oversight Board, Indonesia’s Finance Professions Supervisory Centre, Singapore’s Accounting and Corporate Regulatory Authority (ACRA) and Thailand’s Securities and Exchange Commission.…

EVERY time apparel industry executive Israfil Alam and his wife buy groceries, one item doesn’t elude them: chocolate for their 13-year-old son Isman Sayer.

“Isman’s favourite is Kit Kat Chunky,” Alam, a Dhaka-based general manager at knitwear maker Magpie Group, told Confectionery Production.…

MALAYSIA’S mature textile industry is keen to re-define its position – moving away from making low-end products to higher value-added goods. Creating a niche export market for highly-priced technical textiles is a priority, a government official has told WTiN.com.

“Our textile industry is competitive and there is no need to compete with Asian countries on low value-added products,” a spokesman for Malaysia’s ministry of international trade and investment (MITI) told WTiN.com.…

The chairman of the Indonesian Textiles Association (API) has expressed cautious optimism about President Donald Trump’s rejection of the Trans-Pacific Partnership (TPP) trade pact and re-confirmed the need to boost Indonesia’s competitiveness.

Trump pulled the USA out of the agreement on January 23, and while that could be bad news for the other 11 TPP partners, including regional textile sector competitors Malaysia and clothing hub Vietnam, the deal had yet to include Indonesia.…

EVERY time apparel industry executive Israfil Alam and his wife buy groceries, one item doesn’t elude them: chocolate for their 13-year-old son Isman Sayer.

“Isman’s favourite is Kit Kat Chunky,” Alam, a Dhaka-based general manager at knitwear maker Magpie Group, told Confectionery Production.…

As US President Donald Trump on January 23 pulled America out from the Trans-Pacific Partnership (TPP) with an executive order, he signalled he will instead ask Asian TPP members for bilateral free trade agreements (FTAs). This includes countries such as Vietnam that rely on apparel and textile exports.…

Even as the official withdrawal of the United States from the Trans-Pacific Partnership (TPP) has been greeted by enthusiasm by American automakers, the focus is shifting to the bilateral trade deals that President Donald Trump has promised will take its place.…

THE US Fashion Industry Association (USFIA) has called on the new American administration of President Donald Trump to work hard to negotiate new bilateral trade deals with Asian markets now he has formally pulled his country from the Trans-Pacific Partnership (TPP) trade deal.…