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A NEW draft regulation released by the Indian government that would ban packaging in India containing non-dairy products like soya milk or coconut milk from being labelled as ‘milk’ has been welcomed by the dairy industry but opposed by plant-based milk companies.…

Indian apparel exporters continue to face severe labour shortages, limiting the orders they can accept and undermining the quality of their work, even as the country’s five months-long Covid-19 related lockdown has largely been lifted. This scarcity of trained and experienced labour is coming at a bad time for Indian manufacturers who have an opportunity to snatch business from Chinese competitors as western buyers seek to diversify supply chains during the pandemic.…

One year ago, there were few options in the Brazilian market of non-meat alternative products. But brands have started luring beef-crazy Brazilians into buying several plant-based meat substitutes, chiefly hamburgers. And some of the country’s biggest meat packers are now exploring this relatively small, but promising category.…

UK consumer association, Which?, has said the government should make it mandatory for banks and building societies to reimburse customers that fall victim to push payment fraud, where customers are tricked into voluntarily transferring money to fraudsters, after its research revealed failings with a voluntary scheme.…

Few countries could claim to have weathered Covid-19 well but Singapore, micro-managed and highly-educated, is high on the shortlist. Even so, Covid-19 has had a detrimental effect on the southeast Asian city state’s paints and coatings sector and its impacts continue to linger.…

The China National Coatings Industry Association (NCIA) on July 31 informed members that it has been told by the ministry of ecology and environment to investigate the production, treatment and disposal of hazardous waste in the coating industry and compile a management guide based on the investigation’s findings.…

PAKISTAN’S paint and coatings sector is understandably suffering from Covid-19, which has hit the country hard with 276,288 cases and 5,892 deaths as of July 28. But the industry has been expanding and its executives hope for a sustained recovery once the pandemic has abated, ending the current series of rolling smart lockdowns targeting infection hotspots.…

Accountants have been asked by the head of a global anti-money laundering group to work more closely with specialist government agencies worldwide who swap intelligence, helping police and prosecutors detect and block dirty money flows.

These financial intelligence units (FIUs) analyse transaction reports from banks, accountants, lawyers, casinos and other sectors with a legal duty to report suspicions about money laundering and terrorist finance.…

Taking up a new job where you are responsible for overseeing how a business operates in three countries during a global health pandemic is not a task many financial professionals would take on lightly. But that is what Busola Doregos, a Nigerian accountant working in Uganda has just done. …

THE UNITED Nations’ Food & Agriculture Organisation (FAO) has proposed creating a permanent ‘observatory’ monitoring cocoa markets, assessing value and costs, to help chocolate sales revenues be more equitably distributed throughout supply chains.

In a report called a ‘Comparative study on the distribution of value in European chocolate chains’, the FAO said such “objectified and cross-checked data” would aid “a multi-stakeholder discussion” at national and global levels on revenue sharing.…