Search Results for: japan

Paint and varnish manufacturers in Japan experienced a disappointing 2015, with sluggish purchasing from the construction and automotive sectors translating into meagre 0.3% growth over the fiscal year. Analysts predict that growth will pick up in the short term, in part as a result of a spike in demand from the construction sector ahead of Tokyo hosting the 2020 Olympic Games – although industry players are concerned about the longer-term outlook for the sector.…

BUILDING a career in auditing in what is often regarded as the most corrupt country in the European Union (EU) is not for the faint-hearted, but that is what Nikolay Garnev, EY manging partner for Bulgaria, Macedonia, Albania and Kosovo, has done.…

Thailand-based automotive original equipment manufacturers (OEMs) are set to benefit from the expansion of an existing auto tariff-free zone to Association of Southeast Asian Nations (ASEAN) members Cambodia, Laos, Myanmar and Vietnam in 2018. These would then join this ASEAN-linked trading zone’s member countries Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand to forge an ASEAN-wide automotive market bloc.…

Europe’s automakers have lashed out at new European Union (EU) proposals designed to decarbonize the economy and encourage a shift to low- or no-emission options as being too focused on technology. They have also claimed it is and discriminatory because it only deals with road transport. …

The European Union (EU) needs as free hand as possible to prevent the Chinese steel industry seizing more market share with the support of the Beijing government, according to leaders of AEGIS Europe, an alliance of 30 manufacturing associations. In its strongest warning yet about Chinese dumping, overcapacity and illegal subsidies, AEGIS spokesman Milan Nitzschke told a Brussels press conference yesterday (July 11): “China is not a market economy and therefore cannot be granted Market Economy Status (MES) by the European Union” (EU) in its anti-dumping calculations.…

THE UK’s vote on June 23 to quit the European Union (EU) creates deep uncertainty over the shape of future electricity industry regulations in Britain, and the UK’s regulatory relationship regarding power supplies with countries remaining in the EU.

Victory by the ‘Leave’ side in Britain’s in-out referendum enables the UK government to kick off an exit process by invoking Article 50 in the Treaty on European Union, which gives notice that member state wishes to leave.…

Liberalising Myanmar’s cosmetics market is expected to grow significantly in coming years as it has one of south-east Asia’s largest populations (53 million people) and a growing middle class. However, however consumer sophistication and spending power remains low compared with many countries in the region – its 2014 gross national income per head was USD1,280, according to the World Bank.…

COSMETICS and skincare brands are expecting more functionalities and innovations from applicators to help boost market share. Packaging companies are responding by developing applicators that do not just deliver product, they add to user experience, such as with rolling and massaging functions reminiscent of spa-type applications; applicators with different benefits based on its temperature; and those that ensure the hygiene of the product.…

Finland is always different from its neighbours across the Baltic. Not Scandinavian, but still Nordic, Finland’s personal care product market has been experiencing hard times, as the country of 5.5 million people sees its economy seesaw between contraction and mild grow (-0.7% – +0.5%) in the last three years.…

SINGAPORE has promised that it will implement the base erosion and profit shifting (BEPS) project developed by the Organisation for Economic Cooperation & Development (OECD). The Inland Revenue Authority of Singapore (IRAS) has said it accepts profits should be taxed where real economic activities generating them are performed and where value is created.…