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RUSSIA’S ministry of agriculture is planning to invest up to USD200 million this year and next (2018-2019) in developing breeding stock and systems for the country’s dairy cattle industry. According to a ministry spokesperson, these plans will be implemented by experts at the ministry department of livestock, as well as some leading Russian research institutions in cattle genetics, although specific participants will be announced later this year.…

THE UKRAINIAN market of personal care products is steadily growing, with a rise in sales and an ongoing economic recovery, according to marketing research firm Nielsen analyst Rostislav Stepanchuk. Last year (2017), the personal care product market grew by 26%, compared to 2016, with the estimated year-on-year growth amounting to Ukranian Hryvnia UAH10.2 billion (USD355 million) in value terms, and the growth could be even higher this year, predicted Nielsen analysts.…

The trend to combine the brand power of cosmetics and food products, or ‘foodmetics’, has become prominent across global beauty markets, with consumers increasingly convinced about the strong connection between good food and beauty.

Consumers trust that healthy eating directly impacts their appearance, and this is opening up a range of possibilities for cosmetics manufacturers wanting to tap into the marketing power of using food ingredients.…

FEARS have been raised that a predicted increase in the cosmetic industry’s use of bio-technology to help preserve the environment’s natural resources will itself lead to further ethical questions about the way beauty products are manufactured.

Market analysts Mintel has forecast a significant rise in artificially ‘grown’ cosmetic ingredients as consumers push for access to more natural products but at the same time support environmental campaigns to protect the planet.…

MERGERS and acquisitions are always motors of change in the beauty and personal care product sector, and 2017 saw some significant shifts in the key Italian industry. Important acquisitions designed to extend product portfolios and boost market share included the move by Lombardy-based global leader in colour make-up and skincare Intercos to acquire leading contract manufacturer of skin-, hair- and body-care, Cosmint.  …

AFTER years of slow growth since 2008, eastern Europe’s now mature cosmetics and personal care market has continued to show marginal gains in products sales in the past year, according to experts.

The region’s cosmetics and personal care products sales edged to USD23.67 billion in 2017 from USD21.74 billion in 2016, counting sales in Poland, Croatia, Bulgaria, the Czech Republic, Estonia, Latvia, Lithuania, Hungary, Romania and Slovakia, Belarus, Bosnia & Herzegovina, Serbia, Slovenia, Macedonia and Georgia.…

PAKISTAN’S economy is growing and becoming increasingly formal, with banking rates on the rise, so groundbreaking micro-finance is a key part of this economic modernisation.

The Pakistan Microfinance Investment Company (PMIC) is part of this change – it not a standard micro-finance lender: it finances other micro-finance organisations.…

*The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS) is closer to being in effect, with Barbados, Côte d’Ivoire, Jamaica, Malaysia, Panama and Tunisia signing. Now 78 jurisdictions have signed the convention, with Algeria, Kazakhstan, Oman and Swaziland to sign soon.…

THE SECURITIES Commission Malaysia (SC) has issued Guidelines on Sustainable and Responsible Investment (SRI) Funds to boost the growth of green investments in the country. The advice follows Malaysia issuing in July the world’s first green sukuk (Islamic bond).

The new advice applies to conventional as well as Islamic sustainable finance, including unit trust funds, real estate trust funds, exchange-traded funds, and venture capital and private equity funds.…

China will boast the world’s number one cosmetics market in 2018 according to global financial services firm Morgan Stanley: it will account for 20% of total sales, compared to 17% for the second-placed USA and 10% for third placed Japan – overtaking America for the first time, it said.…