Search Results for: Singapore

A SINGLE global standard for automatic information exchange (AIE) between tax authorities worldwide is in the final stages of preparation by the Organisation for Economic Cooperation & Development (OECD). G20 finance ministers will consider it in September before sanctioning its implementation.…

THE ORGANISATION for Economic Cooperation & Development (OECD) has secured agreement from its 34 rich world member countries to apply a new single global standard on automatic exchange of tax information. Endorsed by G20 finance ministers, the standard obliges countries and jurisdictions to obtain all financial information from their financial institutions and exchange that information automatically with other jurisdictions annually.…

Extreme weather events in 2013 were plentiful in the Asia-Pacific region – increasing demand for high performance coatings. Typhoons and cyclones brought devastation to parts of the central Philippines with typhoon Haiyan, while India was hit by Phailin, the second strongest tropical cyclone to strike the country since accurate meteorological records began.…

The value of European Union (EU) exports of spirits and liqueurs dropped 1.6% in value last year after being the fastest-growing product group in 2012, according to the European Commission’s ‘Agricultural trade in 2013: EU Gains in Commodity Exports’ report. Whisky exports in particular dropped steeply – by EUR131 million.…

There is nothing better for a financial professional to oversee the transformation of an innovative company from a small scrapper to a big player – and ACCA qualified Australia-based Paula Kensington knows how this feels.

She is CFO of Rubik Financial – a Sydney-based provider of banking software – whose revenue since the end of 2011 has increased by 200% and its share price multiplied, driving market capitalisation exceeding Australian dollar AUD150 million (USD140.39 million).…

JAPANESE food manufacturers are targeting south-east Asia as key export markets, leveraging their products’ sophisticated, fashionable and healthy image. Indeed, with a significant proportion of south-east Asian consumers becoming richer, the perception that Japanese brands can be relatively expensive can help marketing and certainly not harm sales, they say.…

A SUPERVISOR of an American company in Vietnam’s Binh Duong Province has told just-style how she saw demonstrations against foreign ownership of clothing and textile companies turn into ugly riots. But industry insiders in other Asian countries claim the resulting damage will not seriously deter future foreign investment.…

SINGAPORE has been working hard to lose its past reputation for lax anti-money laundering (AML) controls.

Its ‘steering committee for combating money laundering and terrorist financing,’ jointly headed by the ministry of home affairs, ministry of finance, and the monetary authority of Singapore (MAS) published the country’s first ‘national risk assessment report’ on money laundering and terrorist financing in January 2014.…

The reorientation of South Korea’s steel plate makers towards clients making marine installations for offshore oil and gas companies might guarantee future business, but there is a risk of falling margins, a report has warned.

UK-based energy industry market researchers and consultants Douglas-Westwood has warned especially that such energy work can need eight to ten times less plate per USD of order value compared to conventional ships.…

THE INTERNATIONAL Trade Centre (ITC) and the Cambodian ministry of commerce are trying to revive Cambodia’s silk production sector, as the country is importing almost all its total 400 tonnes annual raw silk requirement.

Currently, only five tonnes of Cambodian silk, which is noteworthy because of its natural yellow colour, is produced in the country each year.…