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Fraud, corruption and money laundering is hitting the world’s biggest corporations hardest, despite these companies bolstering their financial crime defences, according to Kroll’s latest annual Global Fraud and Risk Report (1). Risk specialists Kroll surveyed 1,336 senior executives from 17 countries worldwide and found 57% from companies with a turnover topping USD15 billion had experienced a “very significant” impact from such crimes, compared to 36% overall.…

Japanese paint companies have felt the impact of the coronavirus pandemic on their bottom lines over the last 18 months, although their fortunes appear to have diverged in the first half of this calendar year. Firms that have a strong presence in China, where the economy has already bounced back strongly, are faring better than those that are primarily focused on domestic sales or export markets still struggling to shake off the lingering effects of the global health crisis.…

Analysed USA trade data from the professor who coined the phrase ‘trade-based money laundering’ have unveiled significant abnormal pricing in exports and imports to and from the USA, which could have been abused for ML. Prof John Zdanowicz, a business professor at the USA’s Florida International University, and long-standing TBML expert, shared analysed 2020 US trade data with MLB, and they include some eye-widening anomalous valuations.…

INTRODUCTION

TEXTILES and clothing manufacture and sales are all about leveraging resources, from creative talent to quality materials and sophisticated technology. So, enterprise resource planning programmes (ERP) have been attractive for the past 20 years or more and have become an increasingly important tool of manufacturers and brands.…

The higher education system in Equatorial Guinea has been trying to move studies online because of Covid-19, but students still struggle to get computers and an affordable and fast Internet.  

It is hard to ignore the socio-economic backdrop of Equatorial Guinea, Africa’s only independent Spanish-speaking country, when assessing its higher education.…

A recent warning by the US government against investing in Hong Kong because of the strengthened Chinese security presence may weaken Hong Kong’s standing as a major centre for sourcing clothing and textile goods from mainland China, observers in the Special Administrative Region say.…

For evidence that China’s nationalistic ‘guochao’ consumer trend is gathering pace in the personal care product sector, look at the country’s powerful e-commerce sector. In February 2021, the turnover of cosmetics on China’s Taobao platform was Chinese Yuan Renminbi CNY14.7 billion (USD2.3 billion), a year-on-year increase of 11%, with the top brand in sales being the guochao-oriented personal care product brand Hangzhou-based Florasis Hua Xizi.…

INTRODUCTION

Until now, the use of sensors within garments has been regarded as a specialist technical exercise, usually as a means of delivering medical information to doctors, nurses and other health-care professionals. However, production advances, especially the integration of sensors within yarns using nanotech and conductive fibre is opening up a wider range of more user-friendly functions that could bring sensor tech to the mass consumer market.…

Covid-19 made 2020 an incredibly disruptive year for the global manufacturing sector and Vietnam’s paint and coatings sector did not escape the pandemic impact. This was despite that this south-east Asian country had an apparently low impact from the disease, with just 9,565 cases (as of June 9, 2021) and just 55 deaths from a 98 million population, albeit with a rash of new cases last month (June).…

A south-east Asian regional power grid is moving closer in the latest stage of a phased 10-year plan to bring energy security, accessibility, affordability and sustainability,

New, upgraded, extended, stronger, and more flexible electricity transmission and distribution grids are key to this ongoing programme, helping the 10 member states of the Association of Southeast Asian Nations (ASEAN) to meet the power demands of population and economic growth, rising urbanisation and affluence.…