Search Results for: Colombia

Colombia’s bio-based oils and fats sector is seeing industry profits siphoned off by criminal networks thanks to a contraband smuggling boom linked to illegal armed groups, organised crime and money laundering.
Contraband smuggling in Colombia has evolved into a sophisticated criminal business worth USD6 billion a year, according to the estimates of the Colombian National Tax and Customs Directorate (DIAN – Dirección de Impuestos y Aduanas Nacionales), and has become one of the principal threats facing national industries.…

THE EUROPEAN Commission may block or impose conditions on a planned acquisition by US-based Cargill of the industrial chocolate business of its American rival Archer Daniels Midland (ADM). The European Union (EU) executive’s directorate general for competition has opened an in-depth investigation into the deal, to assess whether it could damage the availability of reasonably priced supplies of this key confectionery input.…

THE LATIN American paint and coatings sector has been facing tough times in the past year, with sluggish overall economic performance depressing demand for the industry. Even, last summer’s World Cup football fiesta in Brazil, did not give the region’s largest market any motive to celebrate.…

SOUTH America’s personal care product sector has been is facing tougher times than usual – with some countries experiencing weaker sales last year and others faltering this year.
The region’s largest market Brazil is facing a rocky 2015, with a general slowdown in Brazil’s economy, expected to shrink by 1% in 2015.…

THE EUROPEAN Committee of Sugar Manufacturers (CEFS) has called on the European Union (EU) and US negotiators for a Transatlantic Trade & Investment Partnership (TTIP) to exclude sugar and high sugar products from this planned trade agreement.

“The US market is a mature and saturated market, not attractive for the EU,” Marie-Christine Ribera, CEFS director general, told TTIP negotiators during an event dedicated to interest groups affected by the agreement, held in Brussels on February 4.…

WHILE the global nonwovens industry maybe booming through investments, acquisition of new sites, expansion of capacity, more customers and exhibitions all over, the same optimism cannot be applied to emerging market former starlet Brazil. Despite its huge market with 200 million inhabitants, the nonwovens sector of South America’s economic powerhouse is looking for another deep loss of steam in 2015.…

Colombia’s paint and coatings sector is continuing on a path of steady growth fuelled by the country’s construction boom even as it struggles to ward off the threat posed by a thriving informal sector.
Between 2011 and 2012, the country’s paints, varnishes, inks and mastics sector saw gross production rise from USD566 million to USD715 million according to figures collated by Acoplasticos, a trade body covering the plastics, chemicals, petrochemicals, rubber, paints, inks, coatings and fibres sectors, based on information from the Colombian national statistics administration (DANE – Departamento Administrativo Nacional de Estadística).…

Central America’s increasing exposure to money laundering is at least being recognised by the governments on the region, who are working both individually and collectively to combat the problem.

The region has strengthened cooperation, for instance. A key initiative is the Central American Integration System (SICA), a regional political organisation which coordinates government actions for Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Belize and the Dominican Republic regarding certain policy development and programmes, notably improving law enforcement.…

ADAPTIVE licensing methods such as that proposed by the European Medicines Agency (EMA) are indeed useful in the development of medicines for rare diseases, Martin Andrews, the senior vice-president at GSK Rare Diseases, has told the World Orphan Drugs Congress 2014.…

Given today’s uncertain global economic environment, it is up to CFOs to manage expectations and push for their companies’ long-term growth through clear planning and a responsible corporate culture. Business leaders from across the globe discussed how to navigate these issues at the seventh ACCA Poland CFO European Summit, staged in Warsaw, on November 19.…