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INDIA: BANKNOTES FOR VOTES CORRUPTS BUSINESS ENVIRONMENT

AS the afternoon heat ebbs in the middle of this Indian summer, a police team block a major highway outside the city of Nashik, in the western state of Maharashtra, rolling in wheeled yellow-coloured barricades. Soon a traffic jam builds up and policemen move from one car to another in search for cash, often hidden in door cavities or spare wheels.With…

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INTERNATIONAL NEWS SERVICES CORRESPONDENT HONOURED OVER CLIMATE CHANGE REPORTS

It is especially vulnerable to climate change given much of the country is low lying, with its communities built on the deltas of the Brahmaputra and Ganges rivers. His articles have documented how climate change is causing alarming erosion and landslides contributing to economic dislocation and uncontrolled migration.…

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FINNISH FAST FOOD CHAIN HESBURGER TAKES ON THE CHALLENGES OF EAST EUROPEAN MARKETS

Turku-based Hesburger is now building sales in Belarus, having announced it would move into this country in 2017. This follows launches in Ukraine in 2015, and Bulgaria in 2016. Having branched abroad into Estonia first in 1996, now has 207 overseas outlets in eight countries (also including Russia, Latvia, Lithuania, as well as Germany, close to 271 it has in Finland.…

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MASTERCARD PROGRAMME FINANCES INDIGENOUS HIGHER EDUCATION FUNDING SYSTEM MEETING LOCAL PRIORITIES

AN INNOVATIVE support programme funded by the Mastercard Foundation is seeking to boost participation of indigenous Canadian youth in higher education, which has historically been low compared to the general population.

The foundation, which funds education and financial services for underprivileged communities worldwide, is hoping that systems established in Vancouver Island University, on Canada’s Pacific coast, and Yukon College, in the far north-west, will help guide the development of follow-up projects.…

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WOOL INDUSTRY NEEDS TO GIRD ITS SUSTAINABILITY REPUTATION – IWTO MEETING TOLD

THE WOOL industry worldwide needs to bolster its reputation for sustainability, amidst increasing siren attacks on its marketing position from animal rights and environmental activists, the 2018 International Wool Textile Organisation (IWTO) Wool Round Table, in Buenos Aires, Argentina, heard this month (December 3-4).…

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GROWTH IN ECO-PAINTS BRIGHTEN SLUGGISH PERFORMANCE BY GERMAN PAINT SECTOR IN 2018

GERMANY’S paint and coatings sector seems set in stasis, with 2018 expected to be another year with a slight market downturn. That said, increased interest in sustainability continues to drive the demand for more ecologically friendly products.

Given the sluggishness of overall sales, the German industry has viewed with relief results from 2018’s third quarter, where the national coatings and printing ink sector saw a rise in exports.…

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MAJOR REPORT RELEASES BLUEPRINT FOR PROMOTING EUROPEAN CARPET SECTOR SUSTAINABILITY

A DETAILED consultants’ report released yesterday (Dec 4) has included two policy blueprints for shifting Europe’s major carpet manufacturing industry towards a more sustainable future, increasing recycling and reuse of products. The paper by UK-based Eunomia Research & Consulting Ltd outlines policy options for European Union (EU) member states to move the carpet industry towards being part of a circular economy that is a key priority of the current European Commission.…

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TRADE WAR OR NOT, CHINA SEEKING ALTERNATIVES TO US SOYBEANS

The US and China at the G20 meeting in early December settled for a 90-day suspension of their bilateral trade war including a halt to any additional tariffs, but sourcing patterns are not going to become business-as-usual any time soon for China’s soybean sector.…

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MALAYSIA’S NEW GOVERNMENT IS NEW BROOM ON BOOSTING AML ENFORCEMENT

Malaysia’s money laundering regulation and policies may be on par with international best practice, but their implementation has been tested of late, experts say. These concerns have been sharpened by the scandal related to Malaysia’s sovereign wealth fund 1 Malaysia Development Bhd or 1MDB, with Malaysia’s former Prime Minister Najib Razak accused of channelling more than Malaysian Ringgit MYR 2.67 …

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NEW INDIAN MEDICAL STOCKINGS MAKER PROSPERS FROM COMBINING QUALITY WITH LOWER COSTS

 

INDIA’S knitted medical stockings maker Ista Healthcare has been in business for only three years but has already been exporting products, has created backward integration and is now seeking venture capital for future expansion.

“Our product has been created right from scratch and is now accepted worldwide,” said Kumaraguru Muthuswamy, chief executive of Ista Healthcare LLP, based in the southern Indian city of Coimbatore, in Tamil Nadu state.…

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