Search Results for: Indonesia

The agreement of the first two International Sustainability Standards Board (ISSB) standards may help new tech-based data networks unlock capital and investment flows to smaller businesses and especially in emerging markets, a symposium in Montréal, Canada, has been told.

A panel of development experts speaking at the event on Friday (Feb 17) noted how artificial intelligence (AI) and machine-learning-based data platforms can mesh with digitised smaller businesses, helping entice investors seeking sustainable opportunities.…

Turkey is the world’s largest Oriental tobacco leaf producer, but harvests have been impacted over the past two years by unusually hot summers and drought. Ranking 15th in tobacco production worldwide, according to the Izmir-based Aegean Tobacco Exporters’ Association (ATEA), the 2022 tobacco crop is expected to be like 2021.…

South-east Asia has long appreciated the need to improve efficiency and sustainability in its finishing, especially as it seeks to compete with China, whose rising costs and supply chain disruption caused by Covid-19 has created openings for neighbouring manufacturing hubs.

Vietnam is a case in point, having long been a major textile production centre, and one that is expanding said data from the Vietnam Textile and Apparel Association (VITAS) showing a 12% year-on-year turnover rise in 2022 to USD44 billion.…

European Union (EU) food manufacturers are facing the potential imposition of new rules on the presence of nitrosamines in food products, following a European Food Safety Authority (EFSA) review that ended in November. EFSA has concluded that “it is highly likely that for all age groups dietary exposure to nitrosamines is above the level that could indicate a health concern”.…

The tobacco industry is a global sector, with supply chains spanning the world. Muslim consumers – and there are 1.97 billion if them – are an important part of any tobacco major’s market portfolio, not to mention local Muslim companies. But a key challenge for tobacco companies targeting Muslim smokers, vapers and other consumers is religion – some Muslim scholars say tobacco is haram, and not in keeping with Islamic guidance, because of mental and physical impact on smokers.…

The exchange of intelligence is a key element of AML/CFT, with FATF’s recommendations 36 to 40 focusing on international cooperation. The Egmont Group of FIUs also continues to hone how it securely delivers exchanges of sensitive AML/CFT information between its 167 members.…

The Indonesian government is ramping up its requirement for government-funded construction to use locally-made products by insisting paint and coatings manufacturers seeking to supply such projects use national standardisation and certifications.

This, said the chairman of the Indonesian Paint and Coatings Association, Markus Winarto, is part of a trade ministry directorate general of chemical, pharmaceutical and textile industries campaign to reduce imported products.…

United Arab Emirates (UAE)-based Pure Harvest Smart Farms plans to raise funding through a new sukuk (Islamic bond) to support its food-security driven expansion plans, Tariq Sanad, the company’s chief financial officer, told Salaam Gateway.

The agritech firm’s breakthrough farming system that can produce year-round crops in the desert has attracted a diverse mix of investors since its inception in 2016.…

INTRODUCTION 

With the textile industry under pressure from consumers, regulators and standards to become more sustainable, companies are looking at all aspects of the supply chain – including upstream to fibre production. Digitalisation has a key role to play here, especially in supplier countries where the use of such technology is weak – such as in Africa.…

The United States Securities & Exchange Commission (SEC) on August 1 charged 11 individuals with fraud offences over their roles in creating and promoting Forsage, a fraudulent online crypto pyramid and Ponzi scheme that raised more than USD300 million worldwide. Millions of retail investors inside and outside the US invested in what was claimed to be a decentralised smart contract platform using the Ethereum, Tron and Binance blockchains.…