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Ethiopia’s new government is liberalising the country’s politics and economy, with growth projected to be a frothy 8.5% this year. But increased wealth and freedom is increasing the risks posted by commercial crime. Elias Gebreselassie reports from Addis Ababa.

Kiya Tsegaye, a partner at SKY and Associates law office, based in Addis Ababa, Ethiopia’s capital, is used to dealing with local and foreign firms who come to his office frustrated by the increasing numbers and sophistication of commercial crimes in Ethiopia.  …

THE MANUFACTURE, distribution and use of leaded paints in projects funded by Japan’s public sector has been banned from March (2019), at the end of the 2018-19 fiscal year. For instance, Japan’s ministry of education, culture, sports, science and technology revised its building construction standards for educational facilities in April (2019), requiring manufacturers to use a non-leaded primer or sealer before applying antibacterial paint on surfaces such as gypsum board.…

MALAYSIA has extended its grace period for taxpayers who have under-paid in the past, allowing for low penalties should undeclared income be filed on returns this year. This even covers taxpayers who have yet to register with the Inland Revenue Board of Malaysia, and those who have registered but have not submitted ITRF/PRF/RPGTRF returns.…

IN a country where tax collection remains weak, Bangladesh accounting experts now hope that a 2012 transfer pricing (TP) law is finally starting to increase revenues, although progress is slow. Demonstrating the difficulties involved in rolling out complex tax legislation in emerging market states that targets powerful multinationals, the country’s National Board of Revenue (NBR) says that it collected just USD1.2 million’s worth more taxes from 10 multinationals (which it would not name) in the financial year to last June (2018) than without taking TP into account.…

PAKISTAN’S textile manufacturers and exporters appear divided over the possible negative impact on the country’s textile sector arising from prevailing tensions on the Indian border.

According to exporters, concern cause by air strikes by India in Balakot – in Pakistan’s Khayber Pakhtunkhwa province – on February 26 – will affect export volumes as some foreign buyers may have diverted new orders to other countries like Bangladesh and China.…

CANDIDATES in next month’s presidential election in Indonesia have pledged to bolster the country’s textile industry but remain tight-lipped about specific details for improvement. 

Industry association leaders have said incumbent President Joko Widodo’s infrastructure investment drive has yet to result in lower logistics costs for the sector – but still favour his plans over those of his presidential rival.…

BODY artists in Europe may have to reconsider the pigments that they use in future, with the European Union (EU) drafting new rules that could regulate what chemicals can be used in tattoo inks. While today 12 out of every 100 Europeans are tattooed or have some sort of permanent cosmetic treatment, experts are increasingly concerned that these skin colouring agents may contain hazardous substances, known or suspected to have adverse health effects causing cancer, allergies or mutations.…

China and India as the world’s two most populous nations share a handful of similarities in their AML policies, but there are important contrasts, many springing from the fact that China is an authoritarian one-party state and India a sometimes chaotic multi-party democracy.…

THE REDUCTION of transport costs for the mineral sector through high-capacity marine cargo handling solutions was a key topic of the annual Prospectors & Developers Association of Canada (PDAC) convention held in Toronto, this month (March 3-6). The CSL Group Inc (CSL), a privately-owned shipping company based in Montréal, Québec, and the world’s largest owner and operator of self-unloading vessels, explained how its systems can improve the logistics chain and better integrate cargo loading with mining operations.…

THE PASSING of the USD5 billion annual clothing export milestone by Sri Lanka is especially significant, says its industry association, because it has been achieved while maintaining an “ethical and reliable brand”.

The country’s total clothing exports reached USD5.05 billion last year (2018 calendar year), posting an annual gain of 4.97% year-on-year, Joint Apparel Association Forum Sri Lanka (JAAFSL) secretary general, Tuly Cooray told just-style.…