Search Results for: Australia

THE UK’s vote on June 23 to quit the European Union (EU) creates deep uncertainty over the shape of future electricity industry regulations in Britain, and the UK’s regulatory relationship regarding power supplies with countries remaining in the EU.

Victory by the ‘Leave’ side in Britain’s in-out referendum enables the UK government to kick off an exit process by invoking Article 50 in the Treaty on European Union, which gives notice that member state wishes to leave.…

BRAZIL’S JBS, the giant meatpacker and meat processing company, has been arguing it has not been harmed by raids carried out by Brazilian police earlier this month, dubbed ‘Operation Sepsis’, part of the country’s ongoing ‘Lavo Jato’ corruption investigations.

Brazilian media has reported that on July 1 federal officers searched the São Paulo home of Joesley Batista, CEO of J&F Investimentos, the parent company of JBS.…

THE COMMON market launched on January 1 by the Association of Southeast Asian Nations (ASEAN) has so far failed to promote a sustainable increase in legitimate intra-ASEAN meat and livestock trades. Instead, imports from outside the bloc, domestic production and US dollar-based smuggling continue to thrive, say experts.…

South-east Asia is a region that has sharp contrasts in economic development, from between the wealth of Singapore to countries such as Myanmar, where poverty is endemic and consumer markets are relatively undeveloped.

Such contrasts pose challenges for personal care product companies seeking regional strategies to tap the markets of the Association of Southeast Asian Nations’ (ASEAN) 10 countries, whose cosmetics suppliers have to comply with the standards of the ASEAN Cosmetics Directive, which was modelled on European Union legislation.…

Business governance experts in Canada have told Board Agenda how they think companies can maximise the ability and performance of their non-executive board members.

Their comments come as concern about the effectiveness of non-execs in Canada has been piqued by media reports that Pierre Beaudoin, a director of Montréal-based comms and finance conglomerate Power Corp, had 20.28% of shareholder votes withheld at a director election in May – usually such elections proffer 100% support.…

SINGAPORE has promised that it will implement the base erosion and profit shifting (BEPS) project developed by the Organisation for Economic Cooperation & Development (OECD). The Inland Revenue Authority of Singapore (IRAS) has said it accepts profits should be taxed where real economic activities generating them are performed and where value is created.…

Tough regulation and a willingness for law enforcement authorities to crack down hard on fraudsters seems to be doing its job of curbing mortgage appraisal fraud in both the United States and the United Kingdom as the number of cases is falling.…

The Russian government has decided to ease its extended embargo on imports of food and agricultural products to Russia from Western countries, according to the Russian ministry of agriculture. 

An official statement said exports from the European Union, USA, Norway, Australia and Canada of poultry meat, frozen beef, plus dried and frozen vegetables used to make baby food in Russia would be allowed into the country.…

INDIAN nuclear plants have been awarded their first ever nuclear operator’s liability insurance policy, a move that is expected to attract international manufacturers of nuclear components to help in building new power generation capacity. Confirming the policy issued on May 26, Alice G Vaidyan, chairman-cum-managing director of General Insurance Corporation of India (GIC), told Fuel Cycle Week that, USD224 million insurance cover has been provided to all 21 nuclear power plants run by Nuclear Power Corporation of India (NPCIL).…

A SWEEPING review of Australia’s Anti-Money Laundering and Counter-Terrorism Financing Act 2006, published in April 2016, has made more than 80 recommendations to tighten and extend the scope of this key piece of legislation. Among these are proposals to streamline due diligence obligations on the part of reporting entities while reinforcing auditing procedures, increasing the scope of the legislation to cover more professional categories and types of transactions and increasing surveillance particularly in the remittance sector.…