Search Results for: Singapore

The panoramic view from D22, a chic new restaurant and skybar, offers the local executive Deloitte has tapped to head up their Cambodian expansion a quick insight into a rapidly developing Phnom Penh. Once a low-lying urban sprawl, Cambodia’s capital city has begun to develop a skyline, with a handful of high-rise towers already in place and several more green-tarped construction projects underway.…

In keeping with Singapore’s wider economy, the country’s paint and coatings sectors continue to thrive. It is taking advantage both of the city-state’s strategic location close to the world’s largest marine and port industries, and the continuing affluence of the domestic, decorative market.…

Plastic banknotes have been in circulation since their introduction in Australia in 1988 and the consensus so far seems to be that they do an excellent job of a key requirement – reducing counterfeiting. It may be that forgers will gain more expertise in time – faking is considerably more difficult on plastic than on cotton-based paper – but the initial reports from larger countries that have taken this route, such as Canada, Australia and New Zealand, have persuaded the UK’s Bank of England to follow them.

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.…

SINGAPORE has seized Singapore dollars SGD115 million (USD92 million) from suspected money laundering in 2013 – the highest amount in 5 years – as against SGD 65 million (USD 51 million) worth of laundered money seized in 2012 and 2013, an national police official has confirmed to the Money Laundering Bulletin.…

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.…

THE VIRTUALISATION of telecommunications networks may offer new technology suppliers a chance to break into the biggest telco markets, but by doing so, they may help established large players become truly global services. That’s the prediction of Ian Maclean, vice president for strategy and marketing, at Mavenir Systems, a Texas-based technology company that is busy rolling out network functions virtualisation (NFV) and software-defined networking (SDN) systems to forward-looking telcos.…

CAMBODIA’S “high cost of electricity  – the third highest in south-east Asia after Singapore and Myanmar – along with low skills are keeping the country away from producing  textiles”, the World Bank chief economist for the east Asia and the Pacific region, Sudhir Shetty has told WTiN.…

CHANGING demographic patterns in the domestic market are driving innovation at Japan’s largest producer of soy sauce and seasonings, while growing overseas demand means that the Kikkoman Corporation is actively looking to raise its international profile, according to Noriaki Horikiri, president and chief executive officer of the company.…

THE STRENGTH and diversity of Bangladesh knitwear producers’ supply chains is one reason why this key outsourcing location is so popular with international brands. And indeed, attention to the supply chain is the mantra of Bangladesh knitwear boss Mohammed Abdul Jabbar.…