Search Results for: Malaysia

THE EUROPEAN Medicines Agency (EMA) has released guidance on the maximum amount of three phthalates that should be allowed in pharmaceuticals, because of safety concerns. These plasticisers – diethyl phthalate (DEP), polyvinyl acetate phthalate (PVAP), and dibutyl phthalate (DBP) – can be used to make medicine capsules.…

CHINA’S huge cosmetics market remains a battleground for the world’s multinational personal care product players and they are still more than holding their own against local manufacturers and brands, especially in higher end segments.

The country’s overall cosmetics and personal care product market was worth Chinese Yuan Renminbi CNY274 billion (USD44 billion) in 2013, according to data provided by market analysts Euromonitor International.…

Tax evasion drained a record USD991.2 billion in illicit financial flows from developing economies in 2012 – facilitating crime and corruption, according to a new study by Global Financial Integrity (GFI), a Washington DC-based research and advisory organization. “To put this in perspective, the cumulative total of official development assistance to the developing countries in this report… was just USD809 billion,” said a GFI note.…

The newly announced textile joint venture between India’s Reliance Industries and China’s Shandong Ruyi Science and Technology Group could inspire many more such deals, shifting of textile and clothing production bases from China to India, experts have told just-style.

“The aim of this joint venture is to try and capture the global market,” said Devkishan Manghani, chairman, textile trade, Southern Gujarat Chambers of Commerce told just-style, regarding the deal, which will see Reliance integrate its textile manufacturing capacity with the JV.…

THE RESPONSIBILITIES of Singapore accountants to report suspicions that their clients maybe involved in money laundering or terrorist finance have become tougher since November 1. New guidelines released by the Institute of Singapore Chartered Accountants (ISCA) have strengthened requirements for accounting firms to establish anti-money laundering (AML) and combating the financing of terrorism (CFT) controls.…

WITH just over 12 months to the launch of the Association of South East Asian Nations (ASEAN) Economic Community (AEC), experts anticipate that the European Union-style economic union will promote trades in industrial minerals.

The 10 ASEAN nations have been moving towards a more cohesive approach to minerals trading for many years.…

DOCUMENTS obtained by Confectionery Production from the European Union (EU) indicate that Ukraine has lost up to USD126 million’s worth of confectionery export sales to Russia this year, because of Russian trade restrictions.
EU briefing papers note that Ukraine has been complaining to the World Trade Organisation (WTO) since October 2013 about alleged “unjustified barriers to trade caused by the measures of the Russian Federation, in particular, on Ukrainian confectionery products.”…

By the end of next year, the increasingly wealthy 10-member Association of Southeast Asian Nations (ASEAN) bloc aims to establish its own European Union-style common market for its combined population of 600 million.
Experts say that the new ASEAN Economic Community (AEC) is expected to deepen cohesion and liberalisation within a regional market that has already made significant strides in removing trade barriers that can impact tobacco product sales.…

IT is perhaps rare in the acronym-rich world of international aviation regulation and guidance to find an initiative designed to be useful and well-intentioned – as is usually the case – but also practical. But such is the goal of so-called ‘implementation kits’ (iKITs) produced by the International Civil Aviation Organisation (ICAO), which aid to help member states who may lack the technical and administrative capacity to enact civil aviation reforms that are sought by the UN agency.…

Although the outgoing European Commission president José Manuel Barroso on his late-August visit to Vietnam presented the planned European Union (EU)-Vietnam free-trade agreement (FTA) as a nearly finalised deal – and Vietnamese state media predict the signing will happen in October – the Vietnamese textile industry is still unsure about the FTA’s potential impact.…