Search Results for: hong Kong

WITH the UK’s Serious Organised Crime Agency (SOCA) agreeing that all Suspicious Activity Reports (SARs) it holds on its ELMER database will be deleted once they are older than six years, a long British debate balancing the needs of law enforcement and privacy has come to an end (at least temporarily).…

SPANISH meat producers secured increasingly healthy prices in 2013 as the country crept out of recession in the second half, figures from its ministry of agriculture, food and the environment (MAGRAMA) show.

Category E pork (55% – 59% leanness) rose by 11.4% on 2012 to average EUR1.936 per kilo, 10.3% greater than the European Union (EU) average, peaking at EUR2.171/Kg.…

PLANS to open more branches of foreign universities in South Korea Incheon Free Economic Zone (IFEZ) are back on track, say managers of the development. The US-based George Mason University, and the University of Utah, and Belgium-based Ghent University, are planning to open branches at Incheon this year (2014).…

WINNERS AND LOSERS

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WINNERS

ASOS

Fashion retailer ASOS showed online convenience and price are still a winning combination with shoppers. The UK-based online retailer continued its impressive trajectory this year, announcing pre-tax profit had reached GBP54.7m (US$88.3m) for the year ending 31 August, compared to GBP40m in the same period of last year, with retail sales jumping 40% to GBP753.8m, up from GBP537.9m last year. …

BANGLADESH’S garment makers face a drought of summer 2014 orders as western retailers have begun fleeing the South Asian nation after recent political violence and a physical attack on Spanish buyers.

Top industry leaders said that global buyers, seeking stable alternatives, have already diverted 30%-35% of orders to Bangladesh’s rivals, with India, Indonesia and Vietnam emerging as winners.…

WHILE Australia’s healthy economy is the envy of most countries in the world, and obviously this boosts the personal care product industry in the country – there are concerns that retailers and brands are over-charging consumers. Indeed, Australian consumers are paying as much as 50% more for the same cosmetics as United States and European consumers, according to a recent investigation by Australia’s consumer organisation Choice.…

Although Hong Kong’s paint and coatings demand is modest, and with virtually all its production facilities having moved to mainland China since the 1990s, the city remains a sales centre for hundreds of paint manufacturers, exporters and buying offices, positioned as the gateway to the Chinese market.…

ZHU Jiandi and Gu Wenxian could be the two most travelled accountants in China. The frequent flying duo – chairman and managing director, respectively, at BDO China Shu Lun Pan – were in the southwesterly megalopolis of Chongqing recently to rally local staff to a company goal of making the office a bridgehead for expansion throughout the southwest and west of China.…

THE LIBERALISATION taking place in Myanmar has been making the global textile and clothing sector excited about the country’s thus far untapped potential to export indigenous and mainstream textiles. Aung Min, research director of the business insight and social insight department at the Myanmar Marketing Research and Development Co.…

Although Hong Kong-based quality cotton shirt manufacturer Esquel Group has long placed most of its bets on China, one of its newest bases of operations – Vietnam – could soon prove to be its linchpin for knit shirt manufacturing.  John Cheh, vice chairman and CEO of the company said that Vietnam production could become increasingly important as it continues to scale up operations in anticipation of better Vietnam-China transport links and forthcoming trade agreements.…