Search Results for: Malaysia

Transparency International has found multinational companies in emerging markets like Brazil and Malaysia have such low corporate transparency levels that they allow corruption “to thrive”. In a new report “Transparency in Corporate Reporting: Assessing Emerging Market Multinationals – TI found 75% of companies in emerging markets scored less than 5 out of 10 on a transparency scorecard.…

Malaysia has had a reputation for being one of the most stable jurisdictions in south-east Asia in which to do business. But its democratic political system has yet to deliver a change of government nationally and there are concerns that commercial crime is on the increase, with corruption claims even levelled at the Prime Minister.…

The cosmetics surgery sector in South Korea, the industry’s undisputed bellwether in Asia, expanded strongly in 2015, with the number of total cosmetics surgery procedures growing by 17.9% year on year, to 1.2 million, according to the International Society of Aesthetic Plastic Surgery (ISAPS).…

MALAYSIAN Prime Minister Najib Razak has come under renewed pressure over allegations that he personally profited from a sovereign wealth fund, after the US Department of Justice (DoJ) announced it would seek to recover more than USD1 billion in “misappropriated assets”.…

WORKFORCE DEMOGRAPHICS

East Asia is a very varied region in terms of economic development. Take the 10 members of trade bloc ASEAN (the Association of Southeast Asian Nations): with 632 million people, demographics greatly vary, from aging Singapore and Thailand, to the younger and emerging economies of Indonesia, Cambodia, Vietnam, Malaysia and the Philippines.…

THE UNITED States Fashion Industry Association (USFIA) has predicted that Vietnam’s position as a key supplier of clothing, and hence a buyer of textiles, will remain strong, even if the USA fails to ratify the Trans-Pacific Partnership (TPP) trade deal. According to the 2016 USFIA Fashion Industry Benchmarking Study, 70% of respondent companies said they will increase sourcing from Vietnam in the next two years if their sourcing volume from China decreases.…

The Indonesian Textiles Association (API – Asosiasi Pertekstilan Indonesia) has told WTiN.com that it enthusiastically endorses the opening of negotiations between the European Union (EU) and Indonesia to forge a Comprehensive Economic Partnership Agreement (CEPA) free trade deal.

The goal of the talks announced in July will be to create an agreement that goes beyond traditional agreements that focus on duty and quota abolition, to include removing non-tariff barriers through regulatory mutual recognition and harmonisation.…

WITH personnel managers in Britain and continental Europe worrying about the impact of the UK’s Brexit vote to quit the European Union (EU), human resources experts in the 10 country Association of Southeast Asian Nations (ASEAN) bloc are facing the opposite challenge, an increase in freedom of movement of workers.…

THE ASIA Pacific region remains the workshop of the world in terms of nonwovens production, and it is not only China’s producers who are growing, local suppliers are feeding growing domestic markets for nonwovens products elsewhere in east and southeast Asia.…

MALAYSIA may have its political struggles, with current Prime Minister Najib Razak at loggerheads with predecessor Mahathir Mohamad, but its economic progress seems sound, being reflected in a healthy and growing market for paints and varnishes.

According to London-based market researcher Euromonitor International, especially bouyed by growth in plastics and construction, Malaysia’s paint and varnish producers will see their turnover grow by an average of 8% over the period of 2015 -2025.…