Search Results for: Malaysia

THE HONG Kong Institute of Certified Public Accountants (HKICPA) has welcomed the launch by the Hong Kong government of proposals to reform the special administrative region’s regulatory regime for auditors of listed companies and other organisations.

There will be three months of consultation (ending September 20) on the proposals whose goal is enhancing the independence of Hong Kong’s audit regulators.…

SINGAPORE and the United States have negotiated an agreement that will force Singaporean financial institutions to declare money held in the city state by American citizens and residents. The deal will help Singapore comply with the US Foreign Account Tax Compliance Act (FATCA), which says all financial institutions outside the USA must regularly submit such information to the US Internal Revenue Service (IRS).…

THE ORGANISATION for Economic Cooperation & Development (OECD) has secured agreement from its 34 rich world member countries to apply a new single global standard on automatic exchange of tax information. Endorsed by G20 finance ministers, the standard obliges countries and jurisdictions to obtain all financial information from their financial institutions and exchange that information automatically with other jurisdictions annually.…

Extreme weather events in 2013 were plentiful in the Asia-Pacific region – increasing demand for high performance coatings. Typhoons and cyclones brought devastation to parts of the central Philippines with typhoon Haiyan, while India was hit by Phailin, the second strongest tropical cyclone to strike the country since accurate meteorological records began.…

Energy production and distribution is often the bedrock of sustainable economic development, and for an archipelago such as Indonesia, onsite power and small grids will always be the most sensible option. The government of south-east Asia’s most populous country has released a Masterplan for Acceleration and Expansion of Indonesia’s Economic Development (MP3EI) whose goal is developed economy status by 2025.…

IN 2012, after years of delays, Brazil instated a new money laundering law, finally bringing this economically vibrant and influential country more or less in line with international standards.  Two years later, what difference has it actually made?    

Brazil’s first official money laundering law (Law 9613) was enacted in 1998.…

International and domestic paints and coatings companies are benefiting from strong economic growth in Malaysia, and growth is set to continue for both industrial and decorative products.

According to data from the Malaysian Paints Manufacturers Association (MPMA), the total sales of the Malaysian paints and coatings industry grew 17.6% to 210 million litres in 2013, with sales in terms of value climbing 14.7% to Malaysian ringgit MYR1.8 billion (USD558 million).…

THE EUROPEAN Aviation Safety Agency (EASA) yesterday (Tuesday) proposed new standards for flight recorders and underwater locating devices for European Union (EU)-registered aircraft. The aim is helping emergency and rescue services find and recover a plane and its flight recorders if it crashed into the ocean.…

THE EUROPEAN Aviation Safety Agency (EASA) will publish a position paper on how to better track an aircraft in flight and under water in the next days, the agency’s executive director Patrick Ky told Jane’s Airport Review in an exclusive interview.…

THE INTERNATIONAL Civil Avition Organisation (ICAO) is pushing hard for a global aircraft tracking system in the wake of the disappearance of Malaysia Airlines Flight MH 370. But, while recommendations on aircraft tracking solutions will be issued later this year, binding standards may still be some way off.…