Search Results for: South Africa

In a market long dominated by well-established players, the success of ‘masstige’ beauty brands, which combine elements of mass and luxury products, is creating fierce competition in the Gulf Cooperation Council (GCC) region. Consumers in the United Arab Emirates (UAE), Saudi Arabia, Qatar, Kuwait, Bahrain and Oman looking for skincare and cosmetics are increasingly shopping from South Korean brands such as Etude House, which opened a branch in Dubai Mall in 2018 and is known for its quirky kitsch products, and The Face Shop, which arrived in Dubai in 2008 and recently renovated its four concept stores in the city.…

NORTH Africa is a region where care for appearance, grooming and personal hygiene is integral to its cultural DNA, so while personal care product majors have a strong presence, it is maybe no surprise that local beauty manufacturers continue to bubble up with fresh ideas and products that capture the imagination of consumers.…

For almost six years the federal prosecutors, policemen and judges of Brazil’s Operation Car Wash (Lava Jato) were hailed as anti-corruption heroes. Their spectacular raids and testimonies led to scores of politicians and businessmen jailed throughout Latin America, and especially in Brazil.…

IN southeast Asia’s humid and hot climate, the need for coatings to protect homes, businesses and public service buildings from mould is significant – expanding demand for anti-microbial coatings, especially as strong economic growth fuels construction.

The regional economic powerhouse that today’ Vietnam recorded slightly above 7% gross domestic product (GDP) growth for a second consecutive year, making it one of the best performers globally.…

CONSULTATIONS are being assessed in Australia to develop a National Standard for Environmental Risk Management of Industrial Chemicals, which will include coatings and their chemical ingredients, Australia’s department of agriculture, water and the environment has said in a note. The national standard, for which consultations were to end in February, is being designed to ensure that potentially harmful high-risk chemicals are subject to appropriate and consistent environmental controls across the nation.…

As paint company conferences go, the Sankeshu Paint Co’s annual Chinese New Year gathering was special. A room of sales executives wearing matching blue suits and red ties were serenaded with ‘Zui Mei de Shen Hu’ – ‘The Most Beautiful Shenzhou My Home’),” sung by a soprano before chairman Hong Jie strode on stage to rally his assembled ranks to shout in unison company slogans, such as “Full product range!…

Indonesia’s paint and coatings sector is expected to continue to grow, driven by an expanding middle-class population, the fast-growing construction sector and ambitious government infrastructure projects, encompassing transport networks, energy and utilities.

The south-east Asian country’s paint and coatings market has grown to almost USD2.5 billion in sales revenue in the past year and sales are expected to expand at a fair clip of between 6% and 7% annually in the next five years, according to industry analysts Frost & Sullivan. …

THE MALAYSIAN government has issued a Domestic Systemically Important Banks (D-SIB) Framework, which tells financial institutions of importance to Malaysia’s wider economy to hold minimum levels of reserves to protect themselves against troubled times. Mandatory ‘higher loss absorbency’ (HLA) requirements for listed systemic banks, ranging between 0.5% to 1.0% of risk-weighted assets, will come into force from January 31, 2021.…

AN INDONESIA-based fabric and yarn innovation centre has hailed success in developing wood-based cellulose fibres that it says are set to drive business in the multibillion-dollar Asian ethnic wear market. The ‘Lenzing Centre of Excellence’ (LCOE), operated by Austria’s Lenzing Group in Purwakarta, West Java, Indonesia, has just completed its first year of operations, with its R&D focus ranging from Indonesian batik to Muslim hijabs and Indian saris.…

Sales of new cars in Lebanon have plunged 74% in the last two months of 2019 (compared to November and December 2018) as the country has faced financial and political chaos following the eruption of mass demonstrations in October. these prompted the resignation of the government – and while a new administration under Prime Minister Hassan Diab Took office on January 22, business transactions continue to be hampered by restricted access to US dollars.…