Archive
International News Services archives articles supplied to clients one year or more after initial publication. These articles are protected by a password and not made available to readers without permission from clients. They are used as a background resource by agency journalists. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.
SINGAPORE-BASED TEXTILE MAJOR RGE LOOKS FOR RESEARCH AND INNOVATION PARTNERS, ESPECIALLY IN SUSTAINABILITY
THE COVID-19 pandemic and travel restrictions that followed may have slowed down fibre development and innovation in the past year, but Singapore-based world’s largest viscose fibre producer Royal Golden Eagle, known as RGE Pvt Ltd, is forging ahead. A company statement sent to WTiN said that its “USD200 million investment commitment in next-generation textile fibre innovation [over 2019-29] is regardless of economic cycles.”…
MILITARY VIOLENCE HARMING MYANMAR TEXTILE AND FABRIC BUSINESS
The increasing violence meted out by Myanmar security forces against protestors opposing military rule looks set to deepen disruption that has been suffered by the country’s clothing and textile industry since the February 1 coup.
According to local news reports, almost 60 people have been killed and 100s arrested during mass demonstrations and protests that have been continuous, with wood and corrugated iron forming barricades around neighbourhoods.…
INTEGRATING TRADE SENSOR TECH INTO CUTTING EDGE INTELLIGENCE SYSTEMS WILL BETTER FIGHT TBML
CUSTOMS forces can benefit from new sensor kit, enabling them to scan containers to ensure contents are as declared on docket – but to use these techniques to fight trade-based money laundering, they need to be integrated with accurate financial intelligence.…
TUNISIA’S CLOTHING SECTOR LAUNCHES INDUSTRY REVIEW AS POLITICAL TURMOIL KEEPS BOILING
The Tunisian clothing industry association will this week launch a major review of the sector’s market positioning as it seeks to help manufacturers survive the ongoing political turmoil that is wracking the country.
Nafaa Ennaifer, vice president of the Fédération Tunisienne du Textile et de l’Habillement (FTTH), told just-style his organisation would on Friday (March 12) launch a new market study in partnership with the Global Textiles and Clothing Programme (GTEX) and its Middle East and North Africa arm MENATEX.…
CLOTHING MANUFACTURER SUPPLIERS HAVE FACED DOWN THEIR OWN KNOCK-ON DISRUPTION DURING COVID-19 PANDEMIC
The suspension of orders by clothing brands because of Covid-19 has not just been a problem for apparel manufacturers – the suppliers of these companies, including textile manufacturers, weavers, finishers, yarn producers and even fibre makers, have all suffered. With work drying up for manufacturers, upstream suppliers have lost orders.…
CHINA FIVE YEAR PLAN AIMS TO PUSH CLOTHING PRODUCTION WESTWARDS AND GROW DOMESTIC MARKET
The world’s clothing and textile sector is keeping a close eye on China’s National People’s Congress, which congregated in Beijing’s Great Hall of the People last Friday (March 5) in a ‘Two Sessions’ event to review and ratify the draft outline of the 14th Five-Year Plan (2021-2025).…
SOUTH KOREA GETS TOUGH ON VASPS THAT FAIL TO FILE SARS
South Korea will take a tough stance on virtual asset service providers (VASPs) that fail to file suspicious activity reports (SARs) when anti-money laundering (AML) requirements become mandatory on March 25. Barely two weeks before VASPs have to comply with AML and know your customer requirements under a revised March 2020 Act on Reporting and Using Specified Financial Transaction Information, South Korea’s Financial Services Commission (FSC) announced VASPs could be fined for failing to submit SARs or comply with other requirements, such as keeping data on suspicious transactions or managing customer transactions records separately.…
COMPANIES MUST BEWARE OF CONFLICTING NATIONAL PROTECTIONS FOR EMPLOYEES WHEN LAUNCHING ANTI-FRAUD PROBES
EMPLOYERS who fear they are being fleeced by a corrupt employee or being hacked externally do not just need to find the attacker, they must comply with data protection and privacy protections while they conduct their investigations. Breaching such laws can undermine any criminal or civil case brought against a fraudster or hacker or can weaken inside dismissal and disciplinary negotiations with the offender.…
TURKISH MANUFACTURERS COMPLAIN OF CONTINUED SHARP TREATMENT BY BRANDS
Nearly a year after the Covid-19 pandemic adversely impacted the Turkish garment sector, the country’s clothing manufacturers are once again complaining of ill-treatment by major brands amid subdued market demand.
“The year has not started well. We are again facing some unfair treatment by some brands,” Hadi Karasu, president of the Turkish Clothing Manufacturers’ Association (TGSD, Türkiye Giyim Sanayicileri Derneği) told just-style.…
GLOBAL CRYPTO-CURRENCY REGULATION NEEDED, SAY EXPERTS, AS AML/CFT CRYPTO-FINTECH GROWS IN SOPHISTICATION
An international model of rules for monitoring and control cryptocurrency operators and crypto-exchanges’ compliance with anti-money laundering and counter financing of terrorism (AML/CFT) regulations worldwide, is needed, some AML/CFT specialists are arguing. Nina Kerkez, market planning director at LexisNexis Risk Solutions, said regulatory frameworks are currently being developed “at an alarming rate” in a wide range of jurisdictions, with significant divergences apparent in, for example, KYC/CDD requirements and when to file suspicious activity reports (SARs).…