Search Results for: hong Kong
10 results out of 961 results found for 'hong Kong'.
ASIA REGULATORY ROUND UP – SINGAPORE BUDGET SCRAPS FOREIGN WORKER TAX CONCESSIONS
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.…
SINGAPORE AND HONG KONG ENACT DETAILED AML/CFT REFORMS TO PRESERVE GLOBAL REPUTATION FOR FINANCIAL PROBITY
THE DYNAMIC east Asian powerhouses of Hong Kong and Singapore are both models for good practice in anti-money laundering/combating the financing of terrorism (AML/CFT) – sharing both an efficient and open UK-inspired legal system and a need for a clean image internationally that helps maintain their status as hubs of global trade and finance.…
CHINESE CLOTHING COMPANIES TARGET EGYPTIAN TRADE ZONES AS ROUTE AVOID TRUMP TRADE WAR DUTIES
A FREE trade zone system in Egypt, linking its businesses with Israeli suppliers, is being targeted by Chinese companies wanting to access the USA, as the Trump trade war risks exports to America through standard channels. The resulting investment has been welcomed in Egypt, but some clothing and textile industry commentators are warning that large Chinese firms could muscle out local players unless Egyptian businesses are given time to mature.…
EGYPT MOVES STEADILY TOWARDS DIGITAL TEXTILE PRINTING AS EXPORT SECTOR GROWS, ESPECIALLY IN SPORTS AND ACTIVEWEAR
Digital textile printing is a niche sector in Egypt but is expected to grow as demand for sports and active wear increases within its clothing sector, bolstered by government-supported initiatives to treble garment and textile exports by 2025.
Egypt has a long history of garment and textile manufacturing, but the sector’s strength has been in ‘cut and sew’ due to the country’s low labour costs, at between USD60 to USD100 a month.…
ITALIAN CONSUMERS’ PASSION FOR BEAUTY MEANS RETAILERS STILL WANT TO INVEST IN ITALY, DESPITE ITS SLUGGISH ECONOMY
Considerable investments continue to be made in Italy’s beauty and personal care market continue despite this being a stagnant market, according to sector-specific and general economic data and forecasts,
Despite this, global retailers in the beauty and personal care (BPC) industry continue to eye up what remains one of continental Europe’s largest domestic BPC markets, knowing that consumer demand remains solid, even if not growing.…
CAMBODIA BUILDING CHINESE INVESTMENT CUSHION AGAINST POTENTIAL END TO EUROPEAN TEXTILE TRADE PREFERENCES
THE CAMBODIAN government has good reason to be bullish about the potential loss of its European Union (EU) ‘Everything but Arms’ duty-free trade access – investment from China in its clothing and textile sector is booming. Prime Minister Hun Sen has threatened violence against Cambodian opposition leaders if the EU follows through on scrapping this trade preference.…
CAMBODIA BUILDING CHINESE INVESTMENT CUSHION AGAINST POTENTIAL END TO EUROPEAN TEXTILE TRADE PREFERENCES
THE CAMBODIAN government has good reason to be bullish about the potential loss of its European Union (EU) ‘Everything but Arms’ duty-free trade access – investment from China in its clothing and textile sector is booming. Prime Minister Hun Sen has threatened violence against Cambodian opposition leaders if the EU follows through on scrapping this trade preference.…
TRADE WAR OR NOT, CHINA SEEKING ALTERNATIVES TO US SOYBEANS
The US and China at the G20 meeting in early December settled for a 90-day suspension of their bilateral trade war including a halt to any additional tariffs, but sourcing patterns are not going to become business-as-usual any time soon for China’s soybean sector.…
MALAYSIA’S NEW GOVERNMENT IS NEW BROOM ON BOOSTING AML ENFORCEMENT
Malaysia’s money laundering regulation and policies may be on par with international best practice, but their implementation has been tested of late, experts say. These concerns have been sharpened by the scandal related to Malaysia’s sovereign wealth fund 1 Malaysia Development Bhd or 1MDB, with Malaysia’s former Prime Minister Najib Razak accused of channelling more than Malaysian Ringgit MYR 2.67 billion (USD700 million) from the fund to personal bank accounts.…
ATHLETIC APPAREL INDUSTRY MEETS TO DISCUSS CHALLENGES, OPPORTUNITIES OF THE FUTURE
With manufacturing technology advancing at an ever-faster pace, sports apparel companies need to constantly look for ways to embrace new techniques to compete in a constantly changing landscape, an international industry meeting has been told.
Sustainability, blockchain and Industry 4.0 are three of the most important trends being considered by brands and their suppliers, and they were focal points at the sixth World Manufacturers Forum (WMF), organised by the World Federation of the Sporting Goods Industry (WFSGI) in Ho Chi Minh City, Vietnam from December 11-12.…