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India’s Wipro hopes to make a Splash in China with recently acquired Philippine firm’s personal care products

Wipro, an Indian conglomerate with interests spanning consumer goods to information technology, said on Monday it will target China and Hong Kong following the recent acquisition of Splash Corporation, one of Philippines’ largest personal care company.Wipro Consumer Care said the company will bring Splash’s SkinWhite whitening lotion, Maxi-peel Exfoliant Solution and Kolours hair-dye and other products to China, where it already has a presence through Zhongshan Ma Er Daily Products.“We will… Source link

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Vietnam 

Masan reveals plans to enter home personal care, retail sectors – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

At the Masan Group Corporation’s annual general meeting yesterday in HCM City. — VNS Photo HCM CITY — Shareholders of Masan Group Corporation approved a number of targets for 2019 and profit distribution plans at its annual general meeting held in HCM City on Wednesday. Chairman Nguyễn Đăng Quang said this year the company expects to achieve net revenues of VNĐ45-50 trillion (US$1.9-$2.15 billion), an increase of 18-31 per cent. Its after-tax profit after post-minority interest (NPAT Post – MI) is expected to be VNĐ5-5.5 trillion, up 44-58 per cent.…

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Money 

China cuts tax on personal items bought overseas in move to boost consumption

China has cut a controversial tax on personal items bought overseas, ranging from iPads to books, in an effort to boost consumer confidence.The government will slash the “tax on baggage and articles accompanying incoming passengers and personal postal articles”, a three-in-one tax consisting of value-added tax, consumption tax and import duties on April 9, according to a notice posted online by the Ministry of Finance on Monday.The tax rate on products including computers, foodstuffs, gold and… Source link

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Singapore 

I tried tracking my personal finances for a month – automatically. Here’s what I learnt, Singapore News

One of my (financial) resolutions for 2019 is to actively track my finances to better understand how much I have and what am I spending on. My goal was to identify how I can cut unnecessary costs that I can do without and spend smarter on the things I need. TWO WAYS OF TRACKING PERSONAL FINANCE METRICS One of the things I have long admired Kyith of InvestmentMoats for, is the meticulous manner in which he reviews his investment portfolio and net worth. Kyith has detailed spreadsheets with numerous carefully…

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Singapore 

800,000 blood donors’ personal data accessed illegally and possibly stolen; police investigating, Singapore News

SINGAPORE – The personal information of more than 800,000 blood donors which was put online improperly for over two months was accessed illegally and possibly stolen, a Health Sciences Authority (HSA) vendor responsible for the mistake said on Saturday (March 30). It was initially thought that only a foreign cyber-security expert, who spotted the vulnerability in the server that stored the data, had accessed it. However on Saturday, Secur Solutions Group (SSG), an independent vendor of HSA, said its server was also accessed suspiciously from several other IP addresses between…

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China 

China’s big spenders are reining in on buying cars, jewellery and watches as confidence in personal finance cools, Credit Suisse says

Chinese consumers are less confident about their personal finances, income growth and are cautious of making big purchases than they were a year ago as the country’s economic slowdown is beginning to weigh on sentiment, a Credit Suisse study has found.The number of respondents expecting an improvement in the state of their personal finances in the next six months has “decreased significantly by 5 percentage points to 30 per cent in 2018, after a strong recovery in 2017,” according to the Credit… Source link

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Singapore 

Man injured after road accident between 2 personal mobility devices in Pasir Ris, Singapore News

SINGAPORE – A personal mobility device (PMD) rider was injured after a collision between him and an electric scooter rider on Saturday evening (March 16). Footage of the incident shows the rider of the PMD, which looks like a bicycle, crossing a road, with the traffic light blinking green in his favour. An e-scooter rider on the road later crashes into him. After the collision, a second e-scooter rider on the road passes by. The police said that they were alerted to the accident along Pasir Ris Drive 1 towards…

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Singapore 

Personal information of over 800,000 blood donors was accessible online for 2 months: HSA, Singapore News

SINGAPORE – The personal information of more than 800,000 people who have donated or registered to donate blood in Singapore since 1986 was improperly put online by a Health Sciences Authority (HSA) vendor for more than two months, but access to the database was cut off soon after the discovery. Disclosing this in a statement on Friday (March 15), the HSA said its preliminary findings indicate that there was only one instance of external access – by a cybersecurity expert who discovered the vulnerability on Tuesday (March 12) and alerted…

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China 

The future of China’s economic growth is personal, JPMorgan’s Jing Ulrich says

China’s economy may be slowing but the bigger issue is where the growth is coming from, according to Jing Ulrich, managing director and vice-chairwoman of Asia-Pacific at JPMorgan Chase.China’s economy grew 6.4 per cent year on year in the fourth quarter, according to official data released in January. The rate has been falling steadily over the past decade, since its high of 14.2 per cent in 2007.JP Morgan has forecast China’s economy to expand by 6.2 per cent this year.Could businesswomen be… Source link

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Global cosmetics giants push deeper into personal care with niche brand acquisitions, eye e-commerce

Hong Kong-listed luxury cosmetics brand L’Occitane International’s US$900 million acquisition of premium British skincare brand Elemis points to the industry’s growing interest in niche premium brands and the e-commerce segment as an increasing chunk of purchases shift online, according to market analysts. “Elemis has a strong reputation in anti-ageing and a strong heritage as a professional premium spa brand, along with a credible range of more functional hi-tech products,” said Pascal Martin, partner at OC&C Strategy Consultants. He said that Elemis complements L’Occitane’s offerings and also brings with it a…

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