Search Results for: hong Kong

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.…

Artificial Intelligence (AI) and machine learning are being touted as game-changing solutions to improve the detection of financial crimes, including AML/CFT, but despite some promising results there are obstacles to roll-out, not least regulators’ ability to green-light new technologies as well as effectively utilise the data they produce.…

ITALY’S cosmetic and personal care product market remained strong through 2019, with major players in the industry focused on strengthening digital retail and production strategies to further connect with consumers, while deepening their presence in foreign markets, particularly in Asia. 

The year 2019 was also dynamic in terms of acquisitions, with a handful of Italian BPC (beauty and personal care) companies buying businesses that specialise in new and different products to extend their reach in new product categories, both domestically and abroad.…

HONG Kong has signed an avoidance of double taxation agreement with its neighbour Macao, designed to boost trade and investment in the Guangdong-Hong Kong-Macao Greater Bay Area of southern China. The deal will ensure that any Macao tax paid by Hong Kong residents earning income from Macao will be a tax credit in Hong Kong and vice versa for Macao residents.…

The US-China trade war that has been hindering commerce since 2018 has hit the Chinese clothing and textile export sector severely, but companies that have invested in manufacturing sites outside China have been better protected, Esquel CEO John Cheh has told just-style.…

A queue formed at the L’Oréal stand at November’s China International Import Expo fair, in Shanghai: the French firm had set up photo opportunities to appeal the ‘Da ka’ set – Chinese slang referring to generation of selfie-taking youths who seemingly live to photograph themselves at important landmarks.…

In every industry, including the clothing and textile sector, sustainability often means huge amount of long-term investment – be it new sewage processing systems or recycling technology. But how to get rewards from these investments? At the Integral Conversation conference held by Hong Kong-based shirt manufacturer, Esquel, in Guilin, Guangxi Zhuang autonomous region, on November 8, companies in the fashion industry were exploring solutions.…

THE INLAND Revenue Authority of Singapore (IRAS) has for the first time used powers of arrest, in October and November raids, holding 10 suspected members of a crime syndicate, suspected of operating a GST carousel fraud. Chains of sales and purchases have ended in goods disappearing or being exported, with dishonest participants claiming input tax for GST, which is ultimately never paid to the government.…

A MAJOR textile and clothing exporter in Vietnam hopes that it is influencing the country’s growing fabric and apparel industry to become more sustainable – telling WTiN.com of its good environmental practice.

Delman Lee, president and chief technology officer of Hong Kong-based TAL Apparel Ltd, which produces shirts and polo knits at two factories in Vietnam’s Vinh Phuc province, north of Hanoi, exporting mainly to the USA, claimed the company has been improving its sustainability for more than a decade.…

Aggregated data on shared utility platforms operating across global financial services would “remove banks’ fiefdoms, internal silos that stop them from making the KYC process more informed” and “reduce the risk of bad actors entering the financial system through a weak link,” a report from financial services technology providers Celent, in Boston, USA, has claimed.…