Search Results for: Indonesia

BY KEITH NUTHALL
‘CATCH me if you can’ might well be the motto of international money launderers. Despite laws criminalising the practice being well established, international organisations are continuing to extend their legal and geographical scope. Keith Nuthall reports.

IF a continent has need of comprehensive cross-border anti-money laundering legislation, it surely has to be Europe.…

BY KEITH NUTHALL
IMPORT bans into the European Union (EU) of poultry products (and poultry) from Thailand, Cambodia, Indonesia, Japan, Laos, Pakistan, China, South Korea and Vietnam have been extended to December 15 by the European Commission. The existing restrictions were to expire on August 15, but Brussels is still concerned about bird flu in these countries.…

Keith Nuthall
THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, is lending Indonesia’s high quality viscose staple fibre producer (VSF) PT South Pacific US$9.5 million to achieve self-sufficiency in electricity, modernise production and refinance medium-term debt. The company supplies 7-8% of world consumption, working with Austria’s Lenzing AG, its major shareholder and the world’s second largest VSF producer.…

BY KEITH NUTHALL
AN ATTACK has been made on the United States, European Union (EU), and other textile importing jurisdictions for waiting until the last minute to abolish most restrictive quotas under the World Trade Organisation’s (WTO) Agreement on Textile and Clothing.…

BY KEITH NUTHALL
REPORTS of fresh bird flu outbreaks are still being reported to the Office International des Épizooties (OIE) by the Indonesian and Vietnamese governments. The most recent cases in Indonesia involved 6,610 chickens being killed in Yogyakarta and Lampung provinces; 200 died in Dông Tháp, Vietnam.…

BY KEITH NUTHALL
NOBODY likes to be on a blacklist, especially one written by the American government. But every year, the US state department issues a comprehensive rogues gallery of countries involved in the narcotics trade and related criminal problems. One surprising entrant: the United States.…

BY MONICA DOBIE
CANADA’S largest producer of chrysotile asbestos fibres, LAB Chrysotile, has announced it will indefinitely shut one of its two mines near Thetford Mines, Quebec, this November. The company has blamed the closure of its Black Lake mine, which will result in 450 job losses, on a high Canadian dollar in comparison to the US dollar and tough international competition.…

BY MONICA DOBIE, ALAN OSBORN and MARK ROWE
SENDING employees abroad or setting up overseas branches always take some preparation and maybe the most important job is taking care of workers’ health needs. Not only must local employment laws be followed, but companies must ensure that they can manage the alien health risks faced abroad.…

BY MARK ROWE
WHEN anti-money laundering officials draw up their lists of most notorious nations, Burma – or Myanmar by its official name – is routinely identified as one of the murkiest epicentres of money laundering. Ignore the fact that Burma has only been classified as a non-cooperative country or territory (NCCT) by the Financial Action Task Force (FATF) anti-money laundering body for just three years.…

BY KEITH NUTHALL AND MARK ROWE
THE SPREAD of the bird flu virus is still not under control, the UN Food and Agriculture Organisation (FAO) has warned, pointing to new outbreaks amongst poultry in Cambodia, China, Indonesia and Laos. The FAO said that more than 80 million chickens have so far been culled, excluding those in China: (Indonesia 15 million; Thailand 30 million; Vietnam 30 million; and Pakistan, 4 million).…