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THE EUROPEAN Chemicals Agency (ECHA) has warned of the major impact on British tobacco sector chemical suppliers and their trading partners in Europe, should the UK push ahead with quitting the European Union (EU) as planned, on March 29, 2019.

It has released a database seeking to advise chemical producers of how their legal obligations will change.…

SINGAPORE may be a global hub for business but the city state’s ministry of manpower is keen to ensure that its employers consider Singaporeans fairly for local jobs when recruiting. And currently there are nearly 300 companies placed on a government watchlist for not doing so, a ministry spokesperson told People Management.…

THE DECISION by the European Union (EU) to push ahead with legislation insisting that major companies publish key country-by-country (CbC) tax data might be criticised by some corporates as unnecessary, given earlier legislation has forced them to structure their books on a CbC basis.…

VIETNAM’S textile and clothing and textile sector is looking to sell more product into Asian markets such as South Korea, Taiwan, Singapore and Japan, while solidifying its traditional export bases like the US and EU, the latest trade data indicates. 

Last year, Vietnam exported USD2.28 billion’s worth of clothing and textiles to South Korea – a 7.45% gain compared with 2015, according to Vietnam customs data analysed by the Vietnam Textile and Apparel Association (VITAS). …

SOUTH AFRICA MULLS REMOVING OVERSEAS WORK TAX EXEMPTION

The South African National Treasury and the South African Revenue Service (SARS) have proposed a 2017 Draft Tax Administration Laws Amendment Bill that would remove a tax exemption for South African residents working overseas for more than 183 days (at least 60 days continuously).…

DUBLIN-based accountancy firm BDO is planning to start a new EUR100 million investment fund to assist fast expanding mid-sized Irish companies in unlocking further growth opportunities. This will be the successor fund to an already existing BDO Development Capital Fund (DCF) worth EUR75 million.…

VISITING spa and beauty salons is a way of life in the United Arab Emirates (UAE). The country’s competitive business climate has given rise to a ‘work hard, play hard’ mentality and a hectic lifestyle that requires frequent pampering and relaxation.…

THE ARAB Spring, for all its faults, inconsistencies and disappointments, has delivered the world one thriving open and pluralistic Arab society – Tunisia – where women especially have seized new freedoms and spending power. This is reflected in spending on spa and salon services in the country, where, according to market researcher Euromonitor International, in the year of the 2011 Jasmine Revolution the turnover of the Tunisian spa sector was just USD32.4 million.…

THE AUSTRALIAN cosmetic and toiletry retailing market has experienced modest growth amidst fierce competition over the past decade, figures reveal, with a constant stream of new products, many environmentally conscious, maintaining consumer interest in an otherwise saturated market.

According to California-based market research company IBISWorld, more than 18,000 people work in almost 4,000 businesses in the cosmetics industry in Australia, a country of more than 24 million people.…

IT is a constant truth within the personal care product industry that brands prosper when they understand markets that they are targeting. In New Zealand, one key and increasingly important factor is that the country’s 4.7 million people society is ageing.…