Search Results for: hong Kong

IF the future of beauty in South Korea has a face – then that could be male, say beauty experts. Indeed, market researcher Euromonitor International expects sales of genderless beauty products to grow strongly in this key market in 2018, including face masks, BB/CC creams, toners and mists, lip gloss and tints, as well as sun protection lines. …

COMMERCIAL motivation coupled with a desire to make a difference in people’s lives is driving a new wave of social entrepreneurs in Singapore.

While social enterprise start-ups in Asia have traditionally been non-profit non-government organisations (NGOs), the new trend is for tech-savvy millennials to launch innovative and profitable, but also socially-inclusive projects.…

CONCERN is growing over the ability of Hong Kong’s education system to produce graduates with the skills needed by the Special Administrative Region’s (SAR) economy.

Hong Kong children start school early. While there’s a well-established government-run education system, every parent who can afford the fees wants to send their children to a private school.…

SINGAPORE has released details of how it plans to insist that sellers of mobile phones, memory cards and off-the-shelf software pay VAT on the sale rather than purchase of such goods, to prevent tax fraud. The Inland Revenue Authority of Singapore (IRAS) says that this reverse charge system is designed to prevent black-marketers avoiding VAT payments, while customers lower down the supply chain continue to claim input tax.…

VIETNAM’S textile and clothing and textile sector is looking to sell more product into Asian markets such as South Korea, Taiwan, Singapore and Japan, while solidifying its traditional export bases like the US and EU, the latest trade data indicates. 

Last year, Vietnam exported USD2.28 billion’s worth of clothing and textiles to South Korea – a 7.45% gain compared with 2015, according to Vietnam customs data analysed by the Vietnam Textile and Apparel Association (VITAS). …

HONG Kong continues to be a thriving cosmetics and personal care market, with its local consumer base enjoying ample spending power and with traders benefiting from its strategic location as an import gateway to mainland China.  

GlobalData, a provider of business information and analytics, valued Hong Kong’s cosmetics and market at Hong Kong dollars HKD18.1 billion (USD2.3 billion) in 2016, largely dominated by imports.…

THE AUSTRALIAN cosmetic and toiletry retailing market has experienced modest growth amidst fierce competition over the past decade, figures reveal, with a constant stream of new products, many environmentally conscious, maintaining consumer interest in an otherwise saturated market.

According to California-based market research company IBISWorld, more than 18,000 people work in almost 4,000 businesses in the cosmetics industry in Australia, a country of more than 24 million people.…

THE IMPOVERISHED south-east Asian kingdom of Cambodia shares porous borders with the significantly more dynamic economies of Thailand and Vietnam, is notorious for corruption, has a large casino sector and generates significant earnings from illegal exports.

This precarious mixture of factors has since 2012 consecutively earned Cambodia a spot in the Basel Anti-Money Laundering (AML) Index (from the Basel Institute on Governance) top-10 risk jurisdictions for money laundering.…

AN ELDERLY person at home is like a living golden treasure. So runs an oft-quoted Chinese proverb – but Hong Kong is starting to ponder its worth in the wake of a warning that the city faces an “ageing tsunami” along with much of the region where innovative plans are being considered to tackle the looming crisis.…

MOST of East Asia’s dynamic economies have traditionally relied on expats and there are no readily discernible signs that this is decreasing.

In Vietnam, which has been benefitting from production lines migrating from China amid rapidly rising labour and land costs there, increasing the number of expats six-fold since 2004 to almost 100,000 in 2016, the shortage of engineers and managers can be seen throughout most sectors.…