Search Results for: Singapore

Malaysia’s money laundering regulation and policies may be on par with international best practice, but their implementation has been tested of late, experts say. These concerns have been sharpened by the scandal related to Malaysia’s sovereign wealth fund 1 Malaysia Development Bhd or 1MDB, with Malaysia’s former Prime Minister Najib Razak accused of channelling more than Malaysian Ringgit MYR 2.67 billion (USD700 million) from the fund to personal bank accounts.…

With manufacturing technology advancing at an ever-faster pace, sports apparel companies need to constantly look for ways to embrace new techniques to compete in a constantly changing landscape, an international industry meeting has been told.

Sustainability, blockchain and Industry 4.0 are three of the most important trends being considered by brands and their suppliers, and they were focal points at the sixth World Manufacturers Forum (WMF), organised by the World Federation of the Sporting Goods Industry (WFSGI) in Ho Chi Minh City, Vietnam from December 11-12.…

It is hard to avoid either a cosmetics store or an advertisement for one in Chinese cities today. A mind-boggling wave of new retailers set up by investment firms to cash in on the cosmetics and personal care boom are eagerly seeking franchisees around the country.…

BLOCKCHAIN technology may be being examined hard by the anti-money laundering/combating the financing of terrorism (AML/CFT) sector, but AML/CFT experts warn against its swift widespread adoption, stressing that while regtech innovation is important, adopters must make sure it does not “compromise the safety and soundness of the financial eco system”.…

Already a world-leader in terms of knitted products for the sports clothing and outdoors-wear sectors, Japan’s Descente Ltd this July opened a state-of-the-art research and development centre that the company anticipates will help it create “the world’s fastest high-performance wear”.

According to the Osaka-based company, the new initiative is built on the concept of being “fast”.…

THE NEW Malaysian government has released its first budget – for 2019 – reducing corporation tax for small-and-medium-sized enterprises (SMEs) from 18% to 17% on their first Malaysian Ringgit MYR500,000 (USD119,484) of taxable income. It has also tightened rules on companies transferring up to 70% of their losses to the balance sheet of a related company – limiting such transfers to three years’ contiguous tax returns, there are currently no time limits.…

THE HONG Kong government has responded to European Union (EU) concerns that its tax system unfairly benefits offshore investment funds by offering them profits tax exemptions. HK is proposing these breaks also apply to onshore funds. The EU had identified these offshore rights as a potentially harmful tax practice, threatening to add HK on its list of non-cooperative tax jurisdictions, potentially sparking financial sanctions.…

A PROPOSED Free Trade Agreement (FTA) between the European Union (EU) and Indonesia could generate notable structural shifts in Indonesia’s textile (fabric and yarn) sector, expanding the workforce by up to 2.5% for skilled and unskilled workers, expert analysis suggests.

Indeed, a new European Commission’s Sustainability Impact Assessment (see http://trade.ec.europa.eu/doclib/docs/2018/october/tradoc_157431.pdf)…

THE EUROPEAN Commission has proposed a draft regulation that would insist that food sold to European Union (EU) consumers contain a maximum 2 grams of trans fat (other than that naturally occurring in animal fat) for every 100 grams of fat.…

THE SECURITIES and Futures Commission (SFC) of Hong Kong has announced a strategic framework to develop green finance. A priority will be to enhance listed companies’ consistent and comparable disclosure of environmental information, emphasising climate-related risks and opportunities. The SFC will also help asset managers clarify how and to what extent they factor environmental criteria into their investment processes and risk assessments.…