Search Results for: hong Kong

THE HONG Kong-based shirt producer Esquel Group has been bedding in operations of a new ground-breaking manufacturing facility launched in March. Based in the Jiumeiqiao area, Guilin, Guangxi province, in southern China, it is part of a Chinese Yuan Renminbi CNY2 billion (USD313.3 million) Esquel sustainable manufacturing investment project called ‘Integral’.…

Wagyu beef produced from olive-fed cattle on a remote island in Japan’s Seto Inland Sea is experiencing exponential demand at home and abroad thanks to its healthy fats and ‘umami’ (savoury) flavour.

The meat, which was first produced in 2016, gained national recognition last year (2017) at the Wagyu Olympics, Japan’s premier beef show, where it received a ‘fat quality award’.…

Prospects for US beef sales in Taiwan are looking rosy, buoyed by a good economy and greater demand from Korean BBQ and hotpot restaurants sourcing high quality cuts, according to the US Meat Export Federation (USMEF). Joel Haggard, the association’s senior vice president of its Asia-Pacific office, in Hong Kong, told GlobalMeatNews: for the past year or so “there’s a kind of a ‘meat boom’ happening; what we’re seeing is more outlets trying to do business with beef on their menus,” and adding that a “robust” economic growth was fueling diner interest.…

THE ORGANISERS of Italy’s premier beauty trade fair, Cosmoprof Worldwide Bologna, are claiming a record number of visitors and international buyers attending this year’s 51st edition of the event from March 15-19. Exceeding the 250,000 visitors from last year’s Cosmoprof, attending foreign buyers, distributors and retail representatives grew 11% in 2018, year-on-year.…

THE SOUTH Korean cosmetics market, currently evaluated by Frost & Sullivan at USD12.4 billion and growing at 7% year-on-year, is leaving behind the negative effects of a de facto boycott by Chinese tourists. The travel freeze, sparked by Seoul’s decision to install a US-made anti-missile system to protect itself from North Korea, has been in place since early 2017.…

For the first time since Zimbabwe gained independence from Britain in 1980, the African country’s tobacco selling season opened on March 21 this year with long time ruler Robert Mugabe no longer in power.

Former President Mugabe resigned last November (2017), faced with impeachment proceedings from Zimbabwe’s lawmakers, with the country’s generals and his own ZANU-PF party having turned against him.…

DEFERRED Prosecution Agreements (DPAs), that allow companies and individuals that admit to wrongdoing and cooperate with investigators and avoid prosecution, are becoming increasingly common worldwide, including for money laundering offences. The systems are particularly useful sticks to force erring financial and other corporate institutions to improve their anti-money laundering and combating the financing of terrorism systems (AML/CFT), with prosecuting agencies deferring criminal cases on condition of sustained AML/CFT reforms.…

HONG Kong’s Financial Services and the Treasury Bureau (FSTB) has released a detailed risk-based action plan for boosting the ability of the special administrative region (SAR) to fight money laundering and terror finance (ML/TF). A risk assessment report has concluded that this key Asian financial centre’s banking sector faces “high ML/TF risks”, including fraud, tax evasion, corruption and sanctions evasion, with private banking, trade finance, international funds transfer, and retail and corporate banking all vulnerable.…

The American Apparel & Footwear Association (AAFA) conference in Washington DC, on April 25, has heard how the clothing sector needs to boost innovation to sharpen its competitive edge in commercially uncertain times.

Whether creating prototypes from designs within minutes through 3D printing, fabrics being dyed as completed pieces and introducing wearable technology throughout wardrobes, speakers stressed how new concepts could all become mainstream in the clothing industry’s future.…

International activity to understand and potentially extract natural gas from methane hydrates has intensified since 2010 with the continuation and launch of new research and development (R&D) projects and field production tests offshore and onshore, as shown in a new overview by Carolyn D Ruppel, chief of the gas hydrates project at the United States Geological Survey (USGS).(1)…