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Infant formula was back in the news for wrong reasons again in China recently when cans of powder bearing fake labels for the Chinese Beingmate brand and Similac brands (owned by the US-based Abbott Laboratories) sparked nine arrests in April. Police have claimed 17,000 cans of infant formula were involved, being sold in the provinces of Henan, Jiangsu, Anhui and Hubei.…

THE HONG Kong government has said that its Inland Revenue Department will closely assess data released in the Panama Papers leak, taking action against tax evasion and avoidance by taxpayers uncovered within these documents. In a written answer to the special administrative region’s (SAR) Legislative Council, the government admitted however that it did not know the number of intermediaries in Hong Kong providing offshore incorporation company services.…

INNOVATIVE ways of powering trains are poised for mainstream use in the global transport industry. Today, the most common trains are still those powered by diesel engines, but there is a continuing shift towards electricity and alternative power sources.

“With rail expected to play an increasingly important role in future transport systems…there is a lot of focus on how it should be more energy efficient,” said Andrew Foulkes, a communications manager at Ricardo Rail, a UK-based railway engineering and consultancy firm.…

AIR travellers to Mexico City are looking forward to the opening – now scheduled for 2020 – of a new international airport, serving a conurbation of more than 21.5 million people. Construction began on November 13, the government has announced. The current Benito Juárez International Airport is operating at beyond its 32 million passenger annual capacity according to the Grupo Aeroportuario de la Ciudad de México (GACM).…

China has overtaken Germany to become the world’s number one producer of solar energy. Driven by the Chinese government’s urgent quests for energy security and the elimination of extreme urban air pollution, solar installations in China generated 43 gigawatts (GW) in 2015, exceeding German production, according to China’s National Energy Administration.…

CAPITAL markets and their traders within Malaysia may be forced to forge defences against cyber-crime amidst growing concern that hackers could damage the country’s financial services. The Securities Commission Malaysia (SC) is seeking comments from accountants and other financial specialists about planned regulations saying capital market participants should have cyber-security programmes and policies, including contingency plans for dealing with associated risks.…

THE UNITED Arab Emirates’ (UAE) fragrance retail market (unisex and those targeted at female and male consumers) experienced healthy growth in 2015 compared to 2014, increasing 8% in value terms to reach Emirati Dirham AED2.23 billion (USD607.2 million), according to market researchers Euromonitor International.…

CAPITAL markets and their traders within Malaysia may be forced to forge defences against cyber-crime amidst growing concern that hackers could damage the country’s financial services. The Securities Commission Malaysia (SC) is seeking comments from accountants and other financial specialists about planned regulations saying capital market participants should have cyber-security programmes and policies, including contingency plans for dealing with associated risks.…

China’s leaders are fond of aphorisms and extended metaphors, the pithier the better. Witness Mao Zedong’s ‘Hundred Flowers’ movement in 1956, which encouraged citizens to express their criticism of the communist party, and Deng Xiaoping’s much-quoted ‘To Get Rich is Glorious’.…

ONCE clothing sourcing was all about China. No longer. Recent years have seen a continuous decline in China’s export industry, especially in labour-intensive sectors such as clothing and shoe manufacturing, because of rising labour costs and an appreciating Chinese Yuan Renminbi (CNY or RMB).…