Search Results for: hong Kong

THE INTERNATIONAL airport industry is assessing the potential impact of Airbus’ cancellation, from 2021, of its manufacturing programme for the wide-bodied A380 airliner – a plane that sparked multi-million dollar improvements to airports worldwide.

Faced with a reduction in orders from its key supporter, Emirates airline, of the United Arab Emirates (UAE), Airbus announced when releasing its 2018 results on February 14, that its programme to build this ground-breaking large jet would be wound up.…

This year’s edition of Italy’s premier beauty trade fair, Cosmoprof Worldwide Bologna (March 15-18) and its packaging “show within the show” Cosmopack have showcased innovations that will help pull the global personal care product sector towards a more sustainable future.

The 52nd edition of the successful B2B platform drew over 265,000 cosmetic beauty professionals, boasting an increase in visitors from abroad by 10% compared to the previous year.…

EAST Asia’s two personal care product industry giants – Japan and South Korea – have long been competing for major slices of the regional and global beauty market. At present, however, Japan’s industry seems to be performing more solidly than its rival, which is struggling with the fall-out of diplomatic problems with Asia’s largest market – China.…

MALAYSIA has extended its grace period for taxpayers who have under-paid in the past, allowing for low penalties should undeclared income be filed on returns this year. This even covers taxpayers who have yet to register with the Inland Revenue Board of Malaysia, and those who have registered but have not submitted ITRF/PRF/RPGTRF returns.…

THE HONG Kong government’s 2019 budget is to include a planned 75% reduction of profits tax, salaries tax and tax under personal assessment for the 2018-19 tax year, up to Hong Kong dollars HKD20,000 (USD2,547) per case. These breaks will cost HKD18.9 billion (USD2.4 billion), benefiting about 2.05 million taxpayers.…

Nuclear power industry executives, investors and officials in Beijing and abroad are watching a new atomic energy law winding its way through the Chinese legislative system. The ‘Draft Atomic Energy Law’ was first submitted to the country’s State Council (China’s cabinet) by the ministry for industry and information technology (which oversees the sector) in January 2015.…

TRADE-based money laundering (TBML) continues to be a complex typology that is tough for law enforcement to detect and ML regulators to control.

The risk is that with Iran being subject to new USA sanctions, the use of TBML is going to grow in the short term, warn experts.…

THE GLOBAL art trade’s exposure to abuse by money launderers is to come under scrutiny as the European Union (EU) countries have started adopting the 5th EU anti-money laundering directive (EU 2018/843 – 5AMLD), which brings cultural artefacts trading under AML controls.…

GOVERNMENTS can play a huge role in determining how, when and whether an airport is built – and freed from the market constraints that limit most businesses, these decisions can have big consequences – for good and for ill. When dealing with mega-projects costing billions of dollars, government airport constructions decisions can also have a lot of unintended consequences.…

THE SINGAPORE government is to phase out between 2020 and 2024 a ‘not ordinarily resident’ tax scheme, where talented overseas workers enjoy tax concessions over five years. This includes not being taxed on work undertaken outside Singapore and an employer’s contribution to a non-mandatory overseas pensions or provident fund being tax exempt.…