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THE SINGAPORE Parliament has beefed up the powers of the country’s accounting regulator, especially over corporate service providers. MPs passed an accounting and corporate regulatory authority (amendment) bill, which will insist corporate service providers be registered as filing agents, able to help companies with their establishment, legal advice, regulatory filings, office hosting and secretarial services.…

A GLANCE at Hong Kong’s official trade data gives the impression that all is rosy for the Chinese special administrative region’s (SAR) knitwear manufacturers. In 2013, Hong Kong exported knitted and crocheted fabrics worth USD2.5 billion, up 4.1% year-on-year, easily outpacing the 1.6% growth posted by the city’s overall textile exports valued at USD10.7 billion, according to figures from the Hong Kong Trade Development Council (HKTDC).…

AS foreign investors in the garments sector trickle into Myanmar, local research companies and the International Labour Organisation are undertaking a study that could prompt the country’s parliament to pass a minimum wage law by December (2014). The study, for which one local participant is the Myanmar Marketing and Research Development Co (MMRD), will look at how local factories are struggling to cope with a labour shortage, partly attributed to low available salaries.…

EUROPEAN Union (EU) meat demand and production are expected to recover this year, after two years of decline in EU pork and beef supplies, the European Commission predicted yesterday (March 5). In its Winter 2014 Short-Term Agricultural Outlook, the Commission said: “Meat consumption is expected to increase in the short run, thanks to improvements in the economy and of meat availability.”…

The Third Plenary meeting of top Communist Party leaders in Beijing last November concluded with the issue of a rallying cry for reform that will have systemic consequences for pharmaceutical manufacturing and distribution.

A policy document released alongside the meeting called for the acceleration of health system reform, particularly of public hospitals, while restructuring pharmaceutical prices and reimbursement procedures.  …

THE EUROPEAN Union (EU) is contemplating reintroducing an anti-dumping duty (at 16.5%) on five China and Hong Kong-based shoemakers. The proposal – that would apply to standard footwear made with leather uppers in mainland China by Brosmann Footwear, Seasonable Footwear, Lung Pao Footwear, Risen Footwear and Zhejiang Aokang Shoes – was submitted to the EU Council of Ministers on February 19 by the European Commission.…

THE EUROPEAN Union (EU) Council of Ministers has refused to reimpose EU anti-dumping duties at 16.5% on five China and Hong Kong-based shoemakers, rejecting a European Commission proposal. A council communiqué said ministers “rejected a proposal aimed at re-imposing anti-dumping duties on imports of certain footwear with uppers of leather” made in mainland China.…

Clothing and textile industry disasters in the past year-and-a-half including fires and building collapses at factories in countries including Bangladesh and Pakistan have pushed companies to expand their definition of ‘safe’ suppliers to include more ethical and social standards. Yet, despite, brands’ desire to monitor more operations, the fragmented organisation of standards around the world remains a key challenge.…

Personal care product multinationals have long been known for their eagerness to invest in China, even during the recent global recession. That is why the decision by two renowned PCP companies to retreat from China in the past month is so remarkable.…

THE THREAT that an ageing population will create ‘silver tsunami’ of patients causing funding pressures for Singapore’s healthcare sector came under the spotlight at an Association of Chartered Certified Accountants (ACCA) Singapore Health Conference 2014. Nearly 100 financial and healthcare professionals attended the half-day event on February 18 at the city state’s fabled Raffles Hotel.…