Monthly Archives: October 2017

Beauty and Personal Care in Australia Sees Strong Demand from Chinese Consumers

Thanks;Tim Foulds

Published;OCTOBER 30TH, 2017

Australia’s beauty and personal care market was supported by Chinese consumers, both local and international, who view Australian products with high regard. Chinese consumers are attracted to Australian products, not only in beauty and personal care but also in other industries including consumer health and packaged foods, which is due to the country’s clean and green reputation, strict regulations and quarantine control. Chinese consumers snapped up Australian-made beauty brands, particularly in skin care and bath and shower, with this trend supporting overall growth of the industry in 2016. Brands that resonate well with Chinese consumers are typically naturally positioned and feature natural ingredients.

Australian companies looked to capitalise on Chinese demand for Australian products, focusing on expanding their Chinese distribution as well as tailoring their products and retail stores to suit Chinese consumers. In 2016, chemist/pharmacy Amcal launched a Mandarin Chinese language version of its website, with the new store to ship orders from Australia to China. Australian online premium beauty retailer Adore Beauty opened a store on Chinese online platform Alibaba in 2016; however, the store was closed six months after opening, with the company to consider other channels to connect with Chinese consumers. Australian brand Goat Soap has become popular amongst Chinese consumers, with trade press reporting that the brand made AUD1 million in sales on China’s Singles’ day in 2016 through the company’s store on the Tmall platform.

Outlook

The demand for Australian products is not expected to wane, with Australian-made and -owned companies to maintain their strong reputations locally and abroad. Australian-made products are more trusted and perceived as higher quality, with consumers willing to pay a premium for Australian-made. Australian companies will continue to focus on their China strategies, with an increasing number of sales expected to occur in China direct to consumers through Chinese e-commerce sites Tmall and JD.com. An increasing number of Australian companies and retailers have opened their own sites through these channels, as they look to capitalise on the demand from Chinese consumers.

China provides promising export opportunities for Australian beauty and personal care companies, particularly given the challenging operating conditions in Australia with the high level of discounting activity. Natural skin care company BWX has seen success with its skin care brand Sukin, which has been performing strongly through drugstores/parapharmacies in Australia. The brand is a cruelty-free and vegan range featuring natural ingredients. BWX has been eyeing the Chinese market and has established Sukin flagship stores on online retailers JD.com and Tmall, as the company looks to increase brand awareness among Chinese consumers. Pental Products is also focusing on its China strategy through the export of its Australian-made Pental products, including its Country Life and Velvet soaps. The company has launched “The Australian Country Life” brand of goat’s milk soap for export to China, specifically tailored to this market.

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Catalonia just declared independence from Spain

Thanks;Alexandra Ma

Published;Oct,27

Pro-independence supporters wave the Catalan flag in Barcelona.Yves Herman/Reuters

• Catalonia has declared independence from Spain.

• Meanwhile, Spain’s Senate is voting over whether to allow the government to activate Article 155 and take control of Catalonia.

• Mariano Rajoy, the country’s prime minister, wants to depose the Catalan president and hold new elections.

• Friday’s vote comes a day after Catalan President Carles Puigdemont refused to dissolve parliament.

• The power struggle came to a head after Catalonia voted to secede from Spain in October.

Catalonia has declared independence from Spain.

Lawmakers in the regional parliament in Barcelona voted to become a sovereign independent state against Spain’s wishes. Carme Forcadell, the president of the paraliament, also asked the EU to recognise Catalonia as a sovereign nation.

It came as Spain’s prime minister asked the Senate to approve Article 155, which would allow the government to take control over Catalonia.

The Spanish Senate gathered on Friday morning to vote on the emergency measures. It remains unclear which of Catalonia’s powers will be suspended if Article 155 is activated.

While the article’s language is vague, it allows the government to “take the necessary measures” if an autonomous region “seriously undermines the general interest of Spain.” Madrid can, in theory, take control of Catalonia’s police and finances, and replace its administration, Reuters reported.

The power struggle between Spain and Catalonia came to a head after 2.2 million Catalonians voted on October 1 to secede from Spain.

In a 33-minute speech on Friday, Spanish Prime Minister Mariano Rajoy asked that the Senate let him depose Catalan President Carles Puigdemont, replace the regional administration, and hold new parliamentary elections within six months.

Members of Rajoy’s People’s Party applaud after the prime minister’s speech.Pablo Blazquez Dominguez/Getty

The vote came a day after Puigdemont refused to dissolve the regional parliament, as Spain had requested, saying he had not received guarantees from Madrid that it will ditch plans to trigger Article 155.

But Rajoy piled the blame on Puigdemont, telling the Senate: “The fault is his, and only his. The 155 is not against Catalonia, but to prevent the abuse of Catalonia.”

If the Senate gives Rajoy the go-ahead, this would be the first time Spain invokes Article 155 in its constitution’s 39-year history. The constitution, which said the country was “indivisible” but respected territorial self-government, gave Catalonia the right to its own language and control over healthcare and education, according to Bloomberg.

Rajoy said: “It is the first time since 1978 that Article 155 is adopted because the situation is exceptional.” He also said the referendum was “the biggest mockery of democracy we have seen since the adoption of the Constitution.”

The Catalan parliament is still in session, and could declare independence on Friday, the New York Times reported.

Thousands turn out to see lavish funeral of Thailand’s late king

Thanks;Amy Sawitta Lefevre and Panu Wongcha-um

Published;WED OCT 25, 2017 / 9:00 PM EDT

Mourners wait for the start of the funeral procession for Thailand’s late King Bhumibol Adulyadej before the Royal Cremation Ceremony in front of the Grand Palace in Bangkok, Thailand, October 26, 2017.

REUTERS/JORGE SILVA

(Reuters) – Thousands of people turned out in Bangkok to watch the funeral procession of Thailand’s late King Bhumibol Adulyadej on Thursday, with buildings draped in yellow marigolds and mourners lining the streets on the eve of his cremation.

Mourners dressed in black slept overnight on thin plastic mats on pavements near the Grand Palace in the Thai capital in order to secure a good view of the procession, which was expected to begin at 7 a.m. (1200 GMT).

The king’s cremation will feature ancient rites and a series of processions winding from the Grand Palace in Bangkok’s historic quarter to the 50-metre (165-feet) high Royal Crematorium that has been erected in a square near the palace.

His body will be pulled from the Grand Palace to the cremation site on a golden chariot. A sum of $90 million has been set aside for the funeral, the likes of which has never been seen in Thailand, officials in preparations have said.

King Bhumibol, also known as King Rama IX, died last October aged 88 after ruling for seven decades. He played a pivotal role in maintaining stability during years of political upheaval and rapid development.

Piyamat Potsopho, 38, said she had been waiting for the king’s funeral procession since Wednesday night.

“I was very fortunate to have been born under the reign of King Rama IX,” she said.

Another Bangkok resident, Suchinda Samparp, 67, said: “It’s so hard to describe the dedication I’ve seen, how people have come out to help each other and how the late king has inspired this.”

Analysts say the king’s death has left a large vacuum in the Thai psyche.

Thailand has observed a year of mourning for King Bhumibol and radio and television stations have played songs dedicated to the monarch almost non-stop since his death.

The songs urge Thais to follow in “father’s footsteps”.

King Bhumibol is often referred to as “father” by Thais and is credited with reviving the popularity of the monarchy in Thailand.

Days of heavy rain failed to deter mourners, many of whom pitched tents in order to gain the best access to the funeral.

Many businesses around the Southeast Asian nation were shut, while Bangkok’s old quarter was draped in floral garlands made of marigolds early. Some government buildings placed potted yellow marigolds around portraits of the late king.

King Bhumibol was born on a Monday, a day which Thais associate with the colour yellow.

Thai Buddhists traditionally keep the bodies of their dead for seven days before a cremation. Funerals of Thai royals, however, have historically taken place months after death.

(Additional reporting by Panarat Thepgumpanat and Juarawee Kittisilpa; Writing by Amy Sawitta Lefevre; Editing by Paul Tait)

There are no Muslim or Christian terrorists: Dalai Lama

Thanks;IANS in India

Published;Oct,19

There are no Muslim or Christian terrorists because terrorists are no more religious once they embrace terror, Tibetan spiritual leader the Dalai Lama said on Wednesday.

“People cease to be Muslim, Christian or any group the moment they became terrorists,” the Dalai Lama said at a public reception here on the second day of a three-day visit to Manipur.

The Tibetan leader also said that he does not like the “America first” slogan of US President Donald Trump.

A strong votary of non-violence, the Nobel Prize winner said violence does not solve any problem.

“India, which has a tradition of 1,000 years of non-violence, could ensure world peace by reviving the ancient knowledge.”

According to him, almost all the problems people face today were “our own creation”.

He underlined the need to control emotions. Anger weakens people’s immune system and as such was bad for health, he warned.

“Out of seven billion people on earth, six billion are children of god while one billion are non-believers.”

Problems around the world can be solved through dialogue, said the Dalai Lama, who has lived in India since fleeing his homeland in 1959 and who is hated by the Chinese Communist regime.

India with her ancient knowledge and education could ensure world peace, he said. “China has also potentialities except for the Communist ideology.”

The spiritual leader said that the widening gap between the rich and poor was morally wrong. “This gap is visible in India and Manipur also.”

In his speech, the Dalai Lama recalled how he came to India as a refugee 58 years ago. India is also home to some 100,000 Tibetans.

Nobel Prize goes to behavioral economics pioneer Richard Thaler

Thanks;Barbara Kollmeyer

Published: Oct 9, 2017 6:09 am ET

Richard Thaler, professor of behavioral science and economics at the University of Chicago Booth School of Business, has won the Nobel Prize in Economic Sciences for 2017. “In total, Richard Thaler’s contributions have built a bridge between the economic and psychological analyses of individual decision-making,” said the Royal Swedish Academy of Sciences, in handing out the prize, according to a press release on Monday. See also Richard Thaler: Here’s the best investing strategy. Thaler is considered one of the founding fathers of behavioral economics. See six books recommended by Thaler.

 

***Behavioral economics, along with the related sub-field behavioral finance, studies the effects of psychological, social, cognitive, and emotional factors on theeconomic decisions of individuals and institutions and the consequences for market prices, returns, and resource allocation, although not always that narrowly, …