Search Results for: Malaysia

Business governance experts in Canada have told Board Agenda how they think companies can maximise the ability and performance of their non-executive board members.

Their comments come as concern about the effectiveness of non-execs in Canada has been piqued by media reports that Pierre Beaudoin, a director of Montréal-based comms and finance conglomerate Power Corp, had 20.28% of shareholder votes withheld at a director election in May – usually such elections proffer 100% support.…

SINGAPORE has promised that it will implement the base erosion and profit shifting (BEPS) project developed by the Organisation for Economic Cooperation & Development (OECD). The Inland Revenue Authority of Singapore (IRAS) has said it accepts profits should be taxed where real economic activities generating them are performed and where value is created.…

Outgoing Philippines President Benigno Aquino has signed into law a consolidated measure on halal exports, which may help his country’s meat exporters grow more competitive in the Middle East, as well as in Malaysia and Indonesia.

Currently, most of the Philippines’ meat exports are processed meats, including corned beef and hot dog, while chilled chicken yakitori nuggets and Peking duck are also shipped to overseas markets.…

THE INFLUX of foreign tourists and investment to once-isolated Myanmar has resulted in an increasing demand for meat, while a limited manufacturing base is presenting new opportunities for international suppliers.

Almost 90% of Myanmar’s population are Buddhist and almost a third live below the poverty line; factors which have historically kept meat consumption levels low.…

THE SINGAPORE Stock Exchange (SGX) has started negotiations with London’s Baltic Exchange, which could see Singapore Exchange Ltd obtain full ownership of The Baltic Exchange Ltd, which operates this UK-based international freight derivatives market.

The Baltic Exchange and SGX will now meet with Baltic shareholders and business partners to explain and discuss the offer.…

Yesterday’s (May 17) easing of US sanctions against Myanmar to improve bilateral trade and allow more financial transactions to take place could result in more US fast-food companies establishing a presence in the former pariah state.

The US treasury, for instance removed seven state-owned enterprises and three state-owned banks (the Myanma Economic Bank, Myanmar Foreign Trade Bank, and Myanma Investment and Commercial Bank), from a blacklist.…

MYANMAR, the world’s newest democracy, is taking steps to improve its financial reporting. Its reforms are new – as befits a country that saw its first and only stock exchange – the Myanmar Securities Exchange Centre (MSEC) – open on March 25.…

Pakistan’s largest multi-industry conglomerate, the Fauji Group, has launched the country’s biggest and state-of-the-art halal abattoir and meat processing and exporting unit near Port Qasim, Karachi. The Fauji Meat Ltd (FML) subsidiary-run facility, which has been fully operational since April (2016), has a daily production capacity of 100 tonnes of meat (85 tonnes of beef and 15 tonnes of mutton, according to a company note) in both frozen and chilled categories per day for worldwide export, and cost an estimated USD75 million to build.…

MALAYSIA’S textile sector will grow by at least 30% thanks to a surge in investments in its textile sector when the Trans-Pacific Partnership (TPP) agreement comes into force, Malaysian Knitting Manufacturers Association (MKMA) executive director Rebecca Chiang has predicted to WTiN.com.…

THE HONG Kong government has said that its Inland Revenue Department will closely assess data released in the Panama Papers leak, taking action against tax evasion and avoidance by taxpayers uncovered within these documents. In a written answer to the special administrative region’s (SAR) Legislative Council, the government admitted however that it did not know the number of intermediaries in Hong Kong providing offshore incorporation company services.…