Search Results for: Indonesia

Indonesia’s drive to require pharmaceutical products to be halal-certified is gathering pace, but the country’s pharma industry’s reliance on imported raw materials for medicines is impeding progress, officials and industry players say.  

In October, Indonesia issued a government regulation requiring pharmaceutical products to be certified halal by 2029 for over-the-counter drugs and 2034 for prescription medicines.…

Halal food exports from India are growing fast, according to a key Indian certification organisation, with domestic consumers among India’s 200 million Muslims also being increasingly demanding about halal standards.

According to Faiyaz Khan, the master technologist in food technology, of certification body the Jamait-Ulama-I-Hind Halal Trust, the volume of halal certified exported food products sold from India have grown by more than 50% over the past two years.…

On November 11 (2021), Indonesia’s National Ulema Council (MUI), the country’s top Muslim clerical body, ruled that “using” cryptocurrency is haram, due to its “uncertainty” and “potential for wagering and harm”. 

The ruling, which was not accompanied by any public clarification of MUI’s position on what constitutes “using” cryptocurrency, sent ripples through the Islamic world and reignited discussions about the role of the rapidly expanding digital assets sector in Sharia-compliant finance. …

The Bangladesh food industry is increasing its efforts to export halal foods to Muslim majority population countries. A senior government delegation is planning to visit Turkey and Indonesia this year to gather facts and advice on improving Bangladesh sales in these countries of halal food.…

The Taiwan Environmental Protection Agency (EPA) has initiated a revision of the island’s Greenhouse Gas Reduction and Management Law, partly to help paint and coatings manufacturers maintain access to the European Union (EU) market. The reform will take account of the EU’s planned Carbon Border Adjustment Mechanism, which may levy duties on products the EU deems have been made with excess carbon emissions.…

A comprehensive study of 3,650 students from 55 counties worldwide has indicated that the expansion of online learning during the Covid-19 pandemic has not reduced the attraction of moving countries to undertake in-person higher education in foreign universities and colleges.

Indeed, the study, by IDP Connect, part of Australia-based international student recruitment leader IDP Education, showed that 79% of students questioned were only considering overseas on-campus options.…

WHILE the imposition of age limits on the consumption of tobacco and other nicotine products remains very much a national, and in some cases sub-national jurisdiction decision, there is no doubt that the general trend worldwide is for tighter restrictions on younger consumers, even if they are often tough to enforce.…

INTRODUCTION

Without doubt, the world’s clothing and textile sector is undertaking a technical upgrade that is unprecedented in decades, with new digital systems offering automation and efficient internal controls. As these are worked into the businesses of brands, manufacturers and their suppliers, a new potential emerges, and that is linking these digital systems in a way that could revolutionise efficiencies within the supply chain.…

The Covid-19 pandemic has disrupted Indonesia’s efforts to digitalise its textile and clothing sector, with only a few large companies adopting new industrial revolution 4.0 technologies amid a slump in exports, government officials and industry executives have warned.

Three years ago (2018), Indonesia’s industry ministry unveiled an ambitious ‘Making Indonesia 4.0’ plan to encourage manufacturers to adopt virtual reality, 3D design, automation and internet of things technologies.…

AS COVID-19 batters the world into its second year of the most destructive global pandemic since the Spanish Flu of 1919, its impact on AML/CFT is becoming clearer. FATF released an updated assessment in December (2020) (1) highlighting an increase in certain predicate offences caused by the disease itself and the increased online activity it has generated: phishing scams, business compromise fraud; internet child sex exploitation; corruption and fraud related to medical supply contracts; and property thefts of vacant homes and offices.…