Search Results for: Australia
10 results out of 1414 results found for 'Australia'.
LEGAL CONCERNS STALL FOREIGN INVESTMENT IN MYANMAR METAL ORE MINING
Continued uncertainty over the legal and fiscal regulations governing Myanmar’s metal ore mining industry is deterring substantial foreign investment from medium-and-large western mining companies, although industry insiders remain positive about the sector’s medium and longer-term potential.
Since Myanmar’s previous military-supported government amended the country’s 1994 mining law in December 2015, in an attempt to modernise the sector’s rules and kickstart the industry, the National League for Democracy government (which took power last April) has been slow to address concerns raised by potential investors.…
FRENCH MEAT INDUSTRY PREPARES RESPONSE TO CHINA’S LIFTING OF IMPORT BAN
EUROPEAN and French meat industry organisations are preparing to respond to China’s decision to lift its embargo on French exports of de-boned beef for animals. China is the second largest importer of beef worldwide: “We welcome the move in principle,” European Union (EU) farm body Copa-Cogeca’s secretary general Pekka Pesonen told GlobalMeatNews.…
CAMBODIA’S PROSPECTS AS A TEXTILE PURCHASER IN 2017 ARE UNCLEAR SAYS INDUSTRY BOSS
Cambodia’s garment industry is in a curious situation, with statistics indicating that export earnings from this key Asian fabric and yarn buyer are on the rise, despite evidence that overseas sales should actually be falling. According to one industry insider, this makes it difficult to project how the Cambodian clothing sector will perform in 2017 and hence how much it will spend on supplies.…
SWISS AML TZAR DENIES CREDIT SUISSE CASE SHOWS CRACKS
The official leading Switzerland’s efforts to combat money laundering in the country’s banking system has denied that a scandal unveiled last week involving Credit Suisse shows weaknesses in efforts to stop ill gotten gains being hidden in Swiss banks. Credit Suisse has acknowledged that tax authorities in France, the Netherlands and the UK are investigating the bank for tax evasion and money laundering.…
BANGLADESHI MAYBE BREAKING TIGHT MONEY EXPORT CONTROLS TO TAKE ADVANTAGE OF MALAYSIA SECOND HOME RESIDENCE SCHEME
A MALAYSIAN government scheme encouraging foreign investors to buy property in Malaysia may have led to thousands of Bangladeshis breaching their country’s strict capital control restrictions.
A total of 3,493 Bangladeshis has participated in the Malaysia My Second Home (MM2H) long-term residency programme since 2003, according to statistics updated in December (2016) – 10.7% of all investors taking part worldwide.…
CHINA ORDERS NEW REVIEW OF PLANED ECOMMERCE IMPORT CONTROLS
The consultation period for tightening e-commerce regulations for importers in China will be extended significantly for much of the country, its ministry of commerce has said. Instead, rather than new nationwide controls being introduced next January 1 (2018), they will run on a pilot basis within 15 cities, including Hangzhou, Tianjin, Shanghai, Chongqing, Hefei, Zhengzhou, Guangzhou, Chengdu, Dalian, Ningbo, Qingdao, Shenzhen, Suzhou, Fuzhou and Pingtan.…
DEVELOPMENTS IN INTRUDER DETECTION AND PREVENTION PUSH FORWARD – WITH BLOCKCHAINS A FOCUS OF ATTACKERS AND SECURITY
BIOMETRIC identification, use of blockchain technology to protect the Internet of Things (IoT), artificial intelligence and better surveillance of the deep and dark web will continue to influence intruder detection and prevention developments this year.
Accounting and auditing network Deloitte Global estimates that 40% of smartphones in the developed world will be using fingerprints as a personal security mechanism by the end of 2017.…
RISING INCOME LEVELS AND STRONG GROOMING TRENDS DRIVE UP SOUTH AFRICAN PERFUME SALES
SOUTH African fragrance sales are growing swiftly. Research released by Euromonitor International in April 2016 entitled ‘Fragrances in South Africa’ showed a market more than doubling from South African rand ZAR5.288 billion (USD423 million) in 2010 to ZAR11.505 billion (USD923.4 million) in 2015.…
GREAT PROFITS MAY BE WON IN FAILED AND FRAGILE STATES – BUT THE RISKS ARE HIGH
THE ANCIENT Celts has a saying: “To the brave belong all things.” And in business, this remains true. Companies prepared to take big risks, can reap big spoils. But they can also stumble into disaster. Such calculations are always made when foreign companies consider trading or investing in so-called ‘failed states’ or those at risk of failure.…
ASIAN REGULATORY ROUND UP - ASEAN AUDIT GROUP LAUNCHES PROGRAMME TO REDUCE INSPECTION FINDINGS IN REGION
THE ASEAN Audit Regulators Group (AARG) and the big-four audit firms have agreed a measurable goal to improve audit quality within south-east Asia. The project involves Deloitte, EY, KPMG, and PricewaterhouseCoopers (PWC) in Malaysia, Indonesia, Singapore and Thailand; along with Malaysia’s Audit Oversight Board, Indonesia’s Finance Professions Supervisory Centre, Singapore’s Accounting and Corporate Regulatory Authority (ACRA) and Thailand’s Securities and Exchange Commission.…