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.
TECHNOLOGY COULD BE THE SOLUTION FOR PUSHING ML&TF OUT OF VIRTUAL CURRENCIES, SAY EXPERTS
Robust international enforcement of revised AML guidance will improve current weaknesses in cryptocurrency compliance, according to financial services analysts.
Current figures indicate about 3,000 separate cryptocurrencies being traded with a value of USD221 billion, according to Yahoo Finance on October 8.…
COMPUTER VIRUSES PROLIFERATE, WHILE HACKERS GET SMARTER ABOUT HOW TO TARGET THEIR VICTIMS, EXPERTS WARN
As internet-enabled devices proliferate, there are some 400,000 new malware (malicious software) samples a day being released, according to Paul Ducklin, a principal research scientist at Sophos, a British security software and hardware company.
There are currently more than 7 billion devices connected to the internet, a number forecast to reach 10 billion by 2020, according to Germany-based internet of things consultants IoT Analytics.…
DIGITAL TEXTILE PRINTING GROWS IN EGYPT DESPITE STRUGGLE TO COMPETE AGAINST CHINESE SUPPLIERS
Digital textile printing is growing in Egypt with companies acquiring new machines and a major new player entering the market to take advantage of low labour costs and the country’s geographical proximity to buyers in Africa and Europe. Domestic demand for digitally printed textile products, however, has been sluggish, while exporters are struggling to remain price competitive compared to Chinese competitors.…
HONG KONG-OWNED COMPANY OFFERS GOOD PRACTICE IN DELIVERING SUSTAINABILITY WITHIN VIETNAM’S TEXTILE INDUSTRY
A MAJOR textile and clothing exporter in Vietnam hopes that it is influencing the country’s growing fabric and apparel industry to become more sustainable – telling WTiN.com of its good environmental practice.
Delman Lee, president and chief technology officer of Hong Kong-based TAL Apparel Ltd, which produces shirts and polo knits at two factories in Vietnam’s Vinh Phuc province, north of Hanoi, exporting mainly to the USA, claimed the company has been improving its sustainability for more than a decade.…
MALAYSIA TEXTILE INDUSTRY USES NANOTECHNOLOGY TO LEVERAGE OPPORTUNITIES CREATED BY US-CHINA TRADE WAR
AN INCREASING reliance on using nanotechnology is giving Malaysian textile manufacturers a competitive edge over rival producers in south east Asia, experts claim.
According to Seow Hon Cheong, president of the Malaysian Textile Manufacturers Association, since the US–China trade war began, opportunities for exports by and investments in the Malaysian textile sector have opened.…
AMAZONIA'S DESTRUCTION COULD STALL THE EU-MERCOSUR DEAL’S BOOST TO TEXTILE TRADE WITH BRAZIL
AFTER 20 years of negotiations the European Union (EU)-Mercosur trade deal, which has boosted hopes for increased textile trades with Brazil, Argentina, Paraguay and Uruguay is at risk of being blocked ahead of its ratification.
Furious about ongoing deforestation and wildfires in Amazonia, EU countries, including influential countries France and Ireland, have warned that they are ready to block the deal because of alleged breaches by Brazil of its international environmental commitments.…
CANADIAN AUTO EXPORTS TO EUROPE ON THE RISE
WITH Canadian auto exports to the USA falling in 2018 and the new USMCA trade agreement between the USA, Mexico and Canada still unratified (only Mexico has done so), the Canadian auto sector has been eyeing Europe for overseas sales.
A report from the Canadian government’s chief economist released in June (2019) gave grounds for optimism as regards future EU sales.…
VIETNAM’S CAR IMPORTS SURGE AS THAILAND, INDONESIA-BASED MANUFACTURING FINALLY COPES WITH RED TAPE – INDICATING MAJOR POTENTIAL AS FUTURE MARKET
A sharp increase in imports of cars into Vietnam has underlined how this south-east Asian country of 96 million people, could become a major auto market, especially as Vietnamese drivers move from motorcycles to cars.
At present, the motorcycle is king in Vietnam.…
GERMANY TO PROD AUTOMAKERS INTO INVESTING IN BANGLADESH
THE GERMAN government has signalled that it could encourage its luxury carmakers to establish plants in Bangladesh, especially if the south Asian country invests in its energy, power and transport infrastructure.
“We agreed it would be great if a German carmaker would invest in Bangladesh,” Peter Fahrenholtz, German ambassador to Bangladesh tweeted, after a meeting with Bangladeshi finance minister AHM Mustafa Kamal in the capital Dhaka on September 9 (2019).…
PAKISTAN AUTOMAKERS FACE DECLINE IN SALES BECAUSE OF NEW EXCISE DUTY ON NEW VEHICLE SALES
THE IMPOSITION of excise duties on automobiles sold in Pakistan from July 1 has already had a significant depressing impact on the market. Figures released by the Pakistan Automotive Manufacturers Association (PAMA) indicate that this July (2019), 10,968 cars made by the key Pakistan-based manufacturers owned by Suzuki, Toyota and Honda were sold, well down on the 18,875 sold in July 2018.…