Search Results for: hong Kong

BY MARIANNE BROWN

STABLE large developing countries have obvious advantages over small states and those facing civil conflict, in terms of creating effective anti-money laundering (AML) and combating the financing of terrorism (CFT) systems. But given many are today in the throes of rapid economic growth and transformation into consumer societies, their governments have a lot of priorities to juggle, and keeping close tabs on dirty money might not be one of them.…

BY RAGHAVENDRA VERMA

INDIA’s first ‘airport city’, Durgapur Aerotropolis, is to be up and running by the end of 2012 in the eastern state of West Bengal, (which could be soon renamed ‘Paschimbanga’ by its government). The 880-acre greenfield project will include airport infrastructure and urban development, and will employ 90,000 people.…

BY MARK GODFREY

ANYONE who has eaten croissants and Danish-style pastries smothered with mayonnaise, chopped sausages and pork floss will appreciate that Beijing bakeries have a style all of their own. Yet the unorthodox approach is popular with local consumers, judging by how bakery chains are growing here: aside from locally-owned chains such as Holiland and Weiduomei and there has been an influx of regional chains, for instance Kiss n Bake from Taiwan and Singapore’s BreadTalk.…

BY WANG FANGQING

AS MULTINATIONAL cosmetics companies continue to dominate the vast, multi-tiered personal care market in China, more Chinese companies are turning to Chinese traditional medicine (TCM)-based products, to gain niche market share.

This past July, Hong Kong-based pharmaceutical company Qilike Medicine Group upgraded its business-to-consumer (B2C) website – which sells acne treatment product Deefur, making it look more sophisticated to attract mainland Chinese consumers.…

BY MARK GODFREY

COTTON prices have eased in 2011, lifting the price pressure on major brands, according to VF Asia Pacific president Aidan O’Meara. The Hong Kong-based executive, who oversees 30 brands in the region, says it was the first time in 19 years at VF that he had seen inflation of production costs.…

BY WANG FANGQING

That China offers the international branded food sector huge opportunities has long been a cornerstone of corporate strategies, but new regional markets are developing, with smaller provincial cities becoming richer. This is helping to fuel an annual growth rate of 15.4% in the size of the China hypermarket sector, which expected to reach Chinese Yuan Renminbi CNY911.3 billion (USD141.4 billion) by 2015, predicts Euromonitor.…

BY MJ DESCHAMPS

IN a drive to combat the illegal exploitation of conflict minerals and create greater transparency of money flows between mining companies and governments, the European Commission is to table a new European Union (EU) law this autumn. It will ask large mining companies to reveal detail about their mining activities and associated financial transactions to shareholders.…

By WANG FANGQING

FACING soaring wages and an appreciating local currency in the Yuan, Chinese clothing makers are being forced to make a hard choice – keep clients or make profits. So far, the answer seems to be clients.

According to China’s Ministry of Commerce, profits in the export sector (for all industries) fell to 1.44% in February 2011 from 1.47% in 2010.…

BY MATTHEW BRACE

DUBAI International Airport (DXB), in the United Arab Emirates (UAE) is planning to launch a large-scale passenger flow measurement project to track the movement and activity of passengers from the second they enter the airport complex.

From the airport’s growth statistics, it appears the trial has not come a moment too soon; DXB is one of the fastest growing airports in the world and could become the busiest in the near future.…

BY KATHERINE DUNN

A THREE hour ferry ride from Copenhagen, sitting south of Sweden in the Baltic Sea, is a small 227 square mile Danish island called Bornholm – it is an unlikely place to be a crucible for testing electric vehicle refuelling systems.…