Indonesia and Malaysia to fight ‘discrimination against palm oil’
Indonesia and Malaysia have signed eight memorandums of understandings aimed at strengthening cooperation between the two palm-oil producing nations and help rebuild palm oil’s reputation, according to a report published by Reuters.
Godrej predicts sales and profit rise as demand for personal care soars
Godrej Consumer Products is forecasting a strong third quarter on the back of ‘strong demand’ for personal care products, according to a report published by Reuters. The Indian FMCG manufacturer is expecting sales to rise in the mid teens while overall profit should see ‘meaningful improvement’.
L’Oréal Philippines names Country Managing Director
L’Oréal Philippines has named Yannick Raynaud as its Country Managing Director, according to a report published by L’Officiel.
Hong Kong issues green bonds as China prepares to open borders
The Airport Authority of Hong Kong is offering a five-year green tranche as well as three-year, seven-year and 10-year notes to fund its planned expansion as China prepares to lift the travel restrictions that have been in place since the start of the pandemic, according to a report published by Bloomberg.
Chicmax debuts on the Hong Kong Stock Exchange
Shanghai-based skin care company Chicmax has become the first mainland China skincare company to list on the Hong Kong Stock Exchange, according to a report by WWD.com.
Shiseido develops world’s first 3D skin measurement system
Shiseido and the Norwegian University of Science and Technology has developed an innovative measurement system capable of analysing the three-dimensional face shape as well as optical properties of facial skin such as subsurface scattering light.
Croda and Evonik in running to acquire Solus Biotech?
Croda is said to have joined bidders vying to acquire Korea’s Solus Biotech, according to a report published by The Korea Economic Daily.
AmorePacific teams up with Johns Hopkins Department of Dermatology on research project
AmorePacific has announced that it has kicked off a strategic collaboration with Johns Hopkins University that will see the K-beauty behemoth support a new research program, New Beauty Research Initiative (NBRI).
Finance in 2022 – inflation, inflation, inflation
Whether as a result of the pandemic, supply shortages or price gouging, inflation started rising worldwide in mid 2021 and was only exacerbated at the start of 2022 as Russia invaded Ukraine, sending fuel prices soaring.
LVMH shutters stores for Cha Ling brand
LVMH has closed all physical retail locations across China for its local luxury skjn care brand, Cha Ling and shut down its official WeChat account, according to a report published by Jing Daily.
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