Search Results for: Singapore

BY KEITH NUTHALL

COUNTRIES negotiating a plurilateral Anti-Counterfeiting Trade Agreement (ACTA) fighting fake products have announced that all remaining problems have been resolved and a final text is being drafted. This will allow the European Union (EU) and its member states, Australia, Canada, Japan, Korea, Mexico, Morocco, New Zealand, Singapore, Switzerland and the USA to ratify the treaty.…

BY MARK GODFREY

Albert Ng, Ernst & Young

Managing partner and chairman of E&Y’s China business, Hong Kong native Albert Ng has over 25 years of professional experience in the accounting industry in China and Australia. That background will be valuable as he moves the firm on from an embarrassing settlement over its auditing of Akai Holdings, a bankrupted Chinese electronic manufacturer and retailer.…

BY KEITH NUTHALL

THE PERSONAL care product sector should benefit from a new Anti-Counterfeiting Trade Agreement (ACTA), now largely negotiated. A draft text has been released by the United States, Australia, Canada, the European Union, Japan, Mexico, Morocco, New Zealand, Singapore, South Korea, and Switzerland.…

BY ALAN OSBORN

DEFINING a niche drink is an arbitrary matter and what may pass as niche today may well be considered mainstream tomorrow. Flavoured vodka, for instance, had a relatively specialised following in Europe until a few years ago – now it is classified as an official spirit drink under European Union (EU) regulations.…

BY BILL CORCORAN, DINAH GARDNER, RAGHAVENDRA VERMA, KEITH NUTHALL

IF there is one good indicator that niche spirit markets are developing in emerging markets, it surely has to be sales of single malt Scotch. And by that rough and ready yardstick, such markets are well on their way.…

BY KEITH NUTHALL

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A UNITED Nations campaign could – if successful – significantly increase worldwide demand for soap. Its Global Handwashing Day has highlighted how diarrhoeal and acute respiratory diseases kill 3.5 million children aged under five annually, and that washing their hands after using toilets and before handling food can reduce such deaths by 40% and 23% respectively.…

BY RAGHAVENDRA VERMA

THE INDIAN luxury apparel market is starting to take off and major international brands are preparing to exploit the opportunities, a New Delhi conference was told this week. Speaking at the Confederation of Indian Industry (CII) and The Economic Times-organised ‘Dialogue on Luxury, Making India a Source and Destination of Luxury’ event, Angela Ahrendts CEO of Burberry said her company was well placed to capitalise on this growing market segment.…

BY RAGHAVENDRA VERMA

INDIA continues to attract international cosmetic and perfume brands as its consumer base and their spending grow. According to the United States Trade Mission to India, the country’s USD2.68 billion beauty and wellness market is growing at 15-20% annually, almost twice as fast as the United States and European markets.…

BY MICHAEL MACKAY

THAILAND’S CP Meiji is to invest up to Thai Baht THB 800 million baht (US dollar USD26 million) to increase capacity at its Saraburi plant, senior company officials have told just-food. The central Thailand factory currently produces 200 tonnes of dairy products daily and although the scale of the expansion is not yet finalised, "we are going to be bigger" said one manager.…

BY RAGHAVENDRA VERMA

INDIA’S booming fashion market has encouraged international brands to change their strategy and start sourcing garments from local manufacturers to meet domestic demand. Donna Karan New York (DKNY), Gant, Arrow, Marks & Spencer and others are also avoiding high import duties in this way, making their products more competitive and in some cases even creating additional sourcing bases for their international operations.…