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Kevin McCarthy, the recently appointed Chief Financial Officer (CFO) for Microsoft’s Consumer Channels Group, is planning to use his expertise in manufacturing and managing consumer space to spin energised growth into what is, as he puts it, is “already an amazing business model.”…

GARMENT exporting outsourcing centre Cambodia relies on overseas laboratories for the bulk of its textile testing because it lacks local facilities, meaning there is a significant potential to develop such locally-based services, experts have told WTiN.com.

Most of Cambodia’s textile testing is undertaken in Hong Kong, Singapore, South Korea and China because the handful of local laboratories’ capability to handle “restricted substances testing is very limited” while others lack the capacity to handle big orders, said Ms Kris Wan, senior manager of the global softlines development office of SGS Consumer Testing Services, in Hong Kong.…

South Korea is a society that values image and status. It is said that looking good is a sign of your respect towards others. Men and women of all ages in the country typically place great emphasis upon looks; personal grooming and beauty routines are of utmost importance. …

THE PHARMACEUTICALS sector has not emerged unscathed from China’s recent anti-trust investigations of multinational companies, but with healthcare spending rising, there are plenty of opportunities for the industry. The powerful National Development and Reform Commission (NDRC), which investigates alleged price fixing in China, has made claims alleging GlaxoSmithKline (GSK) have charged Chinese consumers seven times its average global prices.…

If Cambodia’s USD5.5 billion garment industry is not quite at a crossroads, it is approaching one, according to participants at an industry trade show held in Phnom Penh over the weekend.
The Cambodia International Textile & Garment Industry Exhibition, which closed on Monday (August 18), brought 260 exhibitors from 21 countries to display their latest wares and look for buyers and distributors.…

THE ASSOCIATION of Southeast Asian Nations – ASEAN Capital Markets Forum (ACMF) has announced that the ASEAN framework for cross-border offerings of collective investment schemes (CIS) is now operational in Malaysia, Singapore and Thailand. The regulatory system allows fund managers working from these member jurisdictions to offer locally constituted schemes, such as unit trust funds, to retail investors in other member jurisdictions, using a streamlined authorisation process.…

Kevin McCarthy, the recently appointed Chief Financial Officer (CFO) for Microsoft’s Consumer Channels Group, is planning to use his expertise in manufacturing and managing consumer space to spin energised growth into what is, as he puts it, is “already an amazing business model.”…

With less than one-and-a-half years until the Association of Southeast Asian Nations (ASEAN) creates its own European Union (EU)-style single market, the bloc is about to sign off on a ‘mutual recognition arrangement’ (MRA) on accountancy services. This is designed to help the mobility of accounting professionals wanting to work across the 10 member states, and all their governments bar the Philippines (expected to sign in October) have now signed up.…

The Vietnamese textile and garment industry has yet to prepare comprehensively for the onset of the ASEAN (Association of Southeast Asian Nations) Economic Community (AEC) next year. “We are not aware of any AEC impact studies, and I cannot even provide an educated guess,” an otherwise helpful representative of a Vietnamese textile association in Ho Chi Minh City told WTiN.com.…

EXHIBITORS at this week’s trade show in Phnom Penh, the Cambodia International Textile & Garment Industry Exhibition, called on the country to diversify into textile manufacturing, knitwear, finishing and other supporting industries.

Cambodia’s USD5.5 billion garment industry is a mainstay of the country’s economy, accounting for some 80% of exports.…