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THE USA personal care product industry is under fire, with the European Union (EU) and Canada and Mexico announcing plans to impose protective duties on American exports following the decision by the Trump administration to levy tariffs on streel and aluminium exports on these key trading partners.…

THE SWEEPING overhaul of the United States tax code which took effect this year has offered a boost to American companies of all sectors, with companies that produce and sell confectionery being among those garnering the benefits.

The drop in the US corporate tax rate, from 35% to 21%, along with a provision that allows US companies to repatriate foreign earnings at a one-time cost, net of foreign tax credits, of 15.5%, is expected to shore up corporate cash positions.…

ACHIEVING regulatory convergence in the USD465 billion global cosmetics industry (Euromonitor 2017 figures) is an important long-term goal, industry experts agreed at European personal care product association Cosmetics Europe’s June 13-14 annual conference 2018 in Brussels. Europe is a key market for this industry – providing EUR77.6 billion’s worth of personal care product sales last year, and supporting more than two million jobs, said Cosmetics Europe president Loïc Armand, also president of L’Oréal France.…

Demand for coatings in the Philippines is being boosted by a mix of factors, leading the Philippine Association of Paint Manufacturers (PAPM) to forecast 8% year-on-year growth in paint and coatings production volumes this year (2018), to 387 million litres.

In terms of sales value, market researcher Frost & Sullivan estimates the Philippines coatings market at more than USD1 billion in 2017, with a projection for USD1.53 billion by 2019..…

INDIAN confectionery makers are fearing a slump in sales due to the country’s new ‘traffic light’ food labelling regulation that mandates detailed nutrition information on the front of the pack, along with red dots to denote high sugar, salt or fat content.…

SPAIN’S personal care product market is continuing to grow after years of post-financial crisis weakness. Spain’s skincare, cosmetic and perfume industry continues to mature, and has turned in solid sales figures for 2017, reflecting the optimistic mood of the economy after the ‘lost’ years of the recession.…

THE UK parliament has controversially voted to force its overseas territories (OT) to create publicly accessible beneficial ownership registers by December 31, 2020. Critics say the move threatens the financial sectors and will not aid law enforcement. Is that true? Keith Nuthall reports

Listening to the leaders of Britain’s overseas territories, the beneficial ownership amendment to a UK Sanctions and Anti-Money Laundering Bill is a risk to their survival.…

A EUROPEAN Commission plan to identify online and physical marketplaces outside the European Union (EU) where counterfeiting piracy or other forms of intellectual property (IP) abuse are common practices has brought hope to the cosmetics sector. Continuously confronted with counterfeit and black-market goods, the legitimate industry sees the EU’s upcoming ‘Counterfeit and Piracy Watch-List’ as a way to minimise financial losses from pirates and smugglers.…

Paul Simmons, Chief Financial Officer, Marriott International Middle East and Africa, provides a glimpse into running the finances of the region’s largest international hotel operator.

The Middle East – particularly the countries of the Arabian Gulf – is known for its impressive skyline of luxury hotels.…

THE AMERICAN and Canadian automotive industries will be counting the cost of new tariffs being imposed on steel and aluminum traded between their countries, following the decision yesterday by the Trump administration to start collecting 25% on Canadian steel and 10% on aluminum.…