Search Results for: China

With Pakistan’s digital textile printing industry production growing at an average of at least 5% annually in recent years, according to the All Pakistan Textile Mills Association (APTMA), with the country’s digital textile printing industry being an important focus of investment in a sometimes-troubled textile sector.…

RETALIATORY duties imposed by the USA in a trade dispute with the European Union (EU) over aeroplane subsidies will, argues Italian farmers union, Coldiretti, shrink Italian food exports to the US by 20%, with the Italian speciality cheese sector being the hardest hit.…

A highly competitive market combined with healthy sums of investor capital look set to drive forward an increase  in merger/acquisition (M/A) activity in the cosmetic packaging sector, as companies seek to deliver added value to existing customer bases and extend their footprint into new territories, both geographic and product ranges.…

With a new European Commission about to take office (probably on December 1, one month late, with three proposed nominees being rejected by MEPs), one key challenge will be pushing fraud out of the European Union (EU). It is still a huge problem, with in 2018, 1,152 frauds detected and reported.…

THE INLAND Revenue Authority of Singapore (IRAS) has for the first time used powers of arrest, in October and November raids, holding 10 suspected members of a crime syndicate, suspected of operating a GST carousel fraud. Chains of sales and purchases have ended in goods disappearing or being exported, with dishonest participants claiming input tax for GST, which is ultimately never paid to the government.…

MALAYSIA’S Pakatan Harapan government has released its 2020 budget, its second since gaining power in 2018, and one that aims to consolidate reforms undertaken by an administration headed by veteran Prime Minister Dr Mahathir Mohamad. This was not a budget bringing major change, indeed finance minister YB Tuan Lim Guan Eng stressed when delivering his budget speech to the Malaysian parliament on October 11 how the government has been tying up earlier major reforms, such as scrapping the unpopular goods and services tax (GST).…

Digital textile printing is growing in Egypt with companies acquiring new machines and a major new player entering the market to take advantage of low labour costs and the country’s geographical proximity to buyers in Africa and Europe. Domestic demand for digitally printed textile products, however, has been sluggish, while exporters are struggling to remain price competitive compared to Chinese competitors.…

AN INCREASING reliance on using nanotechnology is giving Malaysian textile manufacturers a competitive edge over rival producers in south east Asia, experts claim.

According to Seow Hon Cheong, president of the Malaysian Textile Manufacturers Association, since the US–China trade war began, opportunities for exports by and investments in the Malaysian textile sector have opened.…

THE GERMAN government has signalled that it could encourage its luxury carmakers to establish plants in Bangladesh, especially if the south Asian country invests in its energy, power and transport infrastructure.

“We agreed it would be great if a German carmaker would invest in Bangladesh,” Peter Fahrenholtz, German ambassador to Bangladesh tweeted, after a meeting with Bangladeshi finance minister AHM Mustafa Kamal in the capital Dhaka on September 9 (2019).…

UNDER the current Chinese presidency, global anti-money laundering body FATF has had strong support for its desire to boost the implementation of the AML/CFT policies and laws included in its recommendations. Money Laundering Bulletin interviewed FATF’s executive secretary David Lewis to explore how his organisation and been pushing improvements to supervision of AML/CFT to ensure its expert advice delivers on stemming dirty and terror money flows.…