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UAE HALAL FAST-FOOD BRAND CHICKING TO OPEN 30 OUTLETS IN CANADA BY 2023
United Arab Emirates (UAE)-based halal fast-food chain Chicking is planning to expand its geographic footprint with up to 30 new outlets across Canada by 2023.
The company opened its first ChickQueen branch in the multi-cultural city of Mississauga, Ontario, in May 2021, as part of a plan to expand to all major Canadian cities, AK Mansoor, founder and chairman of Chicking, told Salaam Gateway.…
MUSLIM COUNTRIES MAINTAIN AWKWARD NEUTRALITY OVER RUSSIAN INVASION OF UKRAINE
Many Muslim countries, their governments and businesses, have adopted an uneasy neutrality towards Russia, as it continues its invasion of Ukraine.
Malaysia is a case in point – its close relations with European, north American and Asian countries (such as Japan and South Korea) means it will not want to breach their sanctions on Russia.…
AUSTRALIA TARGETS MALAYSIA’S HALAL FOOD SECTOR
The Australian food export sector is targeting Malaysia’s rapidly growing certified halal food market. A new memorandum of understanding (MoU) signed by the Australian Trade and Investment Commission (Austrade) and Malaysia’s Halal Development Corporation in February should benefit Australian exporters. Both organisations have agreed to share information and collaborate actively in developing commercial partnerships between Malaysian and Australian companies.…
RUSSIAN INVASION OF UKRAINE MAKES EMERGING ML RISK LESS PREDICTABLE
The invasion of Ukraine by Russia risks undermining AML/CFT, said FATF in its post-plenary communiqué issued in March. (1) But how this unprovoked military action will disrupt the policing and detection of dirty money remains to be seen, noted Carol Van Cleef, chair of the blockchain and digital assets practice, at Bradley Arant Boult Cummings, Washington DC.…
UNDERCOVER AML AND CLOSER POLICE/FINANCIAL INSTITUTION CAN DISRUPT ML, SAY EXPERTS
To go after the money launderers, should law enforcement efforts be more oriented towards intervention in laundering networks to disrupt the movement and hiding of dirty money? Many AML specialists say yes – absolutely.
There is so much money to target.…
TURKEY’S CLOTHING MANUFACTURING INDUSTRY
Turkey’s clothing manufacturing sector, the world’s fifth largest garment exporter, after China, the European Union, Vietnam and Bangladesh has (1) rebounded from the Covid-19 pandemic and has set its sights on overtaking its rivals. The industry has been investing in new machinery and capitalising on the trend for near-shoring.…
COUNTRY PROFILE: VIETNAM
The Vietnamese apparel sector is a great success story, but to maintain its strong position, the country will have to build backward linkages, while mitigating some deep-rooted cost and labour challenges. Data from the World Trade Organisation (WTO) shows that from the 1990s, the country’s garment industry has risen from a low base to overtaking Bangladesh’s exports’ sales in 2020, with USD29 billion overseas sales revenues, ranking second worldwide.…
SECRETIVE SHEIN WAS UNEXPECTED BENEFICIARY OF TRUMP’S TRADE WAR AND INNOVATIVE MOBILE-BASED ORDERING
China’s fast fashion cross-border e-commerce fashion retailer Shein is little known within China but its profile overseas continues to rise, with Reuters reports estimating the company may have generated about Chinese Yuan Renminbi CNY100 billion (USD15.7 billion) in revenue in 2021 as the Covid-19 pandemic shifted global consumption online.…
CHINA GOVERNMENT BACKS LOCAL OVER FOREIGN INFANT FORMULA BRANDS, BUT BIRTH RATE FALLS THREATEN REVENUES FOR ALL
The Chinese government has been hindering international infant formula brands by encouraging the growth of domestic manufacturers while failing in its attempt to boost the birth rate, reducing overall demand.
The government has been rolling out its Action Plan for the Promotion of Domestic Infant Milk Formula published in May 2019, involving stricter manufacturing quality standards to improve faith in Chinese brands such as Feihe.…
UK LAW TO FORCE INTERNET GIANTS TO ACT AGAINST ONLINE SCAMMERS
Social media platforms and search engines are facing tough new sanctions after a new legal duty was added to the UK government’s Online Safety Bill to clamp down on fraudulent paid for adverts. The original draft provisions of the bill said search engines and platforms which host user-generated content, including text, video-sharing and live streams, were to have a duty of care to protect people from fraud, such as romance scams and fake stock market tips.…