Search Results for: China

AUSTRALIA has renewed its fight against money laundering and other financial crimes by launching a new government and private sector alliance designed to route effective financial intelligence from financial services to law enforcers.

The initiative comes as the country continues to review its anti-money laundering and combating the financing of terrorism regulations, in the face of international criticism that its laws contain loopholes, notably regarding controls of real estate purchases.…

The Russian government has told Industrial Minerals of its plans to help boost rare earth element (REE) production across Russia in upcoming years.

The government is initially setting aside USD350 million for direct and indirect support for the sector, said an official at the ministry of industry and trade.…

EUROPEAN Union (EU) pig meat producers were big winners in boosting export sales over between last March (2016) and February (2017), according to the European Commission, with receipts rising by more than 33% compared to the same period last year. The EU pigmeat sector earned EUR5.4 billion in export earnings from March 2016 to February 2017, EUR1.35 billion more than the same period in the previous year, leading the United States and Canada as the second and third most important pigmeat exporters, reported EU statistical agency Eurostat.…

GLOBAL knitwear outsourcing centre Bangladesh is expected to soon ratify the emerging market D-8 PTA preferential trade agreement, newspaper reports in Dhaka say, indicating the government may have loosened demands over rules of origin. Bangladesh has been pushing for its manufacturers to gain privileged access to D-8 markets (Iran, Indonesia, Malaysia, Pakistan, Nigeria and Turkey, as well as Egypt if it also ultimately ratifies), if 30% of value in a product is created within Bangladesh.…

Japanese food giant Nissin Food Holdings is to start manufacturing potato crisps at its China factory, aiming to leverage the popularity of its instant noodles range to score sales in this snacks segment.

The Osaka-based company already operates an instant noodles production facility in the southern province of Guangdong and is installing a new potato crisp line.…

Japan’s NH Foods Ltd is to buy Uruguayan major meat processing company Breeders & Packers Uruguay SA (BPU) to increase its meat supply capacity in emerging markets, notably in Asia, and to tap the major mature beef consumption markets in North America and Europe.…

China’s pre-packaged food and dairy products wholesale company Beingmate Baby and Child Food has announced the establishment of an Australian trading unit named Guangdasheng (Australia) Pty Ltd to boost its raw material supplies.

According to a regulatory filing from the company, Beingmate wants Guangdasheng to acquire 51% of New Zealand-based Fonterra’s Darnum plant, in Victoria, Australia.…

CHINA’S National Development and Reform Commission (NDRC) has approved plans from China Eastern Airlines and China Southern Airlines to build bases at Beijing’s new international airport in Daxing. The operational base for China Eastern Airlines would be 1.17 million square metres, with the airline raising and sending Chinese Yuan Renminbi CNY13.2 billion (USD1.9 billion) on the project, funding 30% of the costs itself, and borrowing the rest.…

Political uncertainty over US trade deals sparked by the ascension of President Donald Trump to power should be eased to avoid stifling innovation in the country’s technical textiles industry which could see it marginalised on the world stage, insiders have warned.…

The largest logistics facility in Japan employs around 2,000 people – but that is one-quarter of the manpower that would be required if Haneda Chronogate had not incorporated so much advanced technology into its design.

Located alongside the perimeter fence of Haneda International Airport, the busiest serving Tokyo, Chronogate has a total floor area of nearly 200,000 square metres and serves as the hub for mail for the metropolitan area and the surrounding Kanto region.…