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AUSTRALIA’S COSMETICS AND PERSONAL CARE INDUSTRY IS EMBRACING THE NET
AUSTRALIAN cosmetics consumers are increasingly going online to buy their products, offering e-tailers and web-savvy personal care product companies an opportunity to grow their sales.
And in Australia’s mature market, there are a lot to be had. Almost two-in-every-three (64%) women in Australia (aged 14+) buy some kind of make-up in an average six months.…
CLOUD SERVICES ARE NO FAILSAFE AGAINST HACKS AND SHOULD STILL TAKE PRECAUTIONS, SAY EXPERTS
There is tenacious debate surrounding whether data stored in third party cloud-based IT services is more or less secure than data that is stored locally on specific devices. But as cloud services usage has exploded in recent years, concern remains over whether they are prepared for the risks of a hacking breach, given the increasing sophistication of cybercriminals.…
INDIAN ACCOUNTANTS TO BENEFIT FROM MAJOR WINDFALL AS COUNTRY PREPARES TO INTRODUCE NATIONAL SALES TAX
THE INCOMING adoption of a new national Goods and Services Tax (GST) in India, due to be introduced from next April (2017), is generating a major windfall of extra business over the next two years for accounting and tax consultancy firms.…
EDUCATION AND AWARENESS: THE KEYS TO FIGHTING CORRUPTION SAYS JAMAICA’S AUDITOR GENERAL
As Auditor General for Jamaica’s public sector institutions, the country’s Pamela Monroe Ellis commands respect, sometimes bordering on anxiety and apprehension, when word gets out that a state agency is to be the subject of an audit. Yet, her easy laughter and cheerful personality quickly dispel any pre-conceived image of a dour, dogged bean counter searching for unapproved expenditure or inadequate accounting practices.…
LANDMARK APPLE CASE WILL SHAKE UP GLOBAL TAX SYSTEM, ACCOUNTANTS WARN
The European Commission’s decision on August 30 to order United States (US) tech giant Apple to repay Ireland a record-breaking EUR13 billion in back taxes will make waves in the tax and accounting world, experts have told Accounting & Business Ireland.…
US FEDERAL GOVERNMENT RELEASES ALTERNATIVE JET FUEL STRATEGY
THE US government has released an alternative jet fuels research and development strategy, designed to encourage the civilian and military air sectors to abandon their reliance on fossil fuel-based kerosene.
It has been written by the Aeronautics Science and Technology Subcommittee Committee on Technology, of the National Science and Technology Council.…
SNIFFER PROJECT BEING TAKEN FORWARD INTO NEW CARGO DETECTION STUDIES
THE EUROPEAN Union’s (EU) SNIFFER project which has developed artificial olfactory techniques to detect explosives and illicit narcotics is being taken forward in a new study designed to create cargo-screening technology.
SNIFFER, which wrapped up in 2015, is the subject of a new European Commission memorandum, which reported successful trials at Athens international airport, Greece.…
EUROPEAN TECHNICAL TEXTILES RETAINS GROWING DEMAND AND EXPERTISE, BUT ASIAN RIVALS COULD THREATEN MARKET POSITIONS
BIG marketing stunts can boost sales of technical textiles and maybe one of the biggest examples in Europe this year was created by world renowned artists Christo. He created ‘The Floating Piers’ on Lake Iseo, near Brescia, in northern Italy.…
SOUTH AMERICAN COSMETICS FIGHTING FALLING LOCAL CURRENCIES
South America’s cosmetics and personal care sector is looking to bounce back from a slowdown caused by the region’s macroeconomic troubles, but political pressures and regional trade alliances are driving individual country markets down divergent paths.
Over the last year, countries across the region have been buffeted by economic turmoil that has had a knock-on impact on the cosmetics sector.…
THAI PERSONAL CARE MARKET UNFAZED BY ECONOMIC DOLDRUMS
Although the economy of Thailand has been lacklustre amid serious political uncertainty following a military coup in 2014, the Thai personal care market has continued to display resilience. According to UK-based market researcher Euromonitor International, Thai retail sales of colour cosmetics in 2015 grew by 7.5% year-on-year to the equivalent of USD583.6 million, compared to 2.8% in the economy overall (following 0.8% in 2014).…