Search Results for: India

The government of the Himalayan republic of Nepal, squeezed between Asian giants India and China, has passed amendments to 20 laws affecting AML/CFT, as it seeks to avoid a re-grey-listing by FATF (1).

Nepal left the FATF grey list in 2014, after a six-year-stay, but a critical mutual evaluation report (MER) from the Asia/Pacific Group on Money Laundering (APG) called for more action (2).…

Food and drink industry regulators worldwide are tightening rules and guidance on reducing the use of per- and polyfluoroalkyl substances (PFAS), pushing food manufacturers to develop alternatives to this non-stick chemical used notably in microwave popcorn bags, grease-proof paper and plastic sandwich bags.…

Bangladesh’s accounting professionals have faced a challenging two months as political unrest toppled the country’s former government, which had imposed an internet blackout, hindering mobile and broadband communications with international clients and head offices.

Kowsar Ahmed, a Dhaka-based senior associate accountant working for a Big Four accounting firm (NOTE TO EDITOR – IT IS PWC – BUT HE COULD NOT SAY SO – OR HE WOULD HAVE TO GET PERMISSION, WHICH WOULD HAVE BEEN REFUSED) said: “Most of our clients are from abroad.…

As intensifying international trade frictions highlight the need for Chinese textile companies to spread their risk by investing in production capacity within diverse global markets, Chinese textile companies are indeed expanding their global footprint. That includes downstream as well as upstream segments.…

Major Indian apparel exporters are awaiting sudden increase in orders expected to move from Bangladesh because of that country’s recent political turmoil. However, a significant sourcing shift by western brands will be limited by constraints in Indian manufacturing infrastructure, Just Style has been told.…

Vietnam’s clothing and textile industry may benefit from the accession to power of a former security minister, industry experts have told Just Style – although his closeness to Russia has raised concerns about weakening vital western trade links. To Lam was appointed President of Vietnam in April (2024) and general secretary of the ruling communist party earlier this month (August 3), the most powerful job in this south-east Asia sourcing hub.…

The Indian clothing and textile industry is gearing up to adopt artificial intelligence (AI) powered technologies and other high-tech innovative manufacturing processes to remain competitive, a major industry gathering in Delhi saw last week.

Gartex Texprocess India, a textile industry exhibition with 170 exhibitors and about 15,000 visitors, held from August 1 to 3, also highlighted innovations in sustainable fabrics, eco-friendly trims and high-performance accessories.…

Bangladesh’s clothing and textile manufacturers have called on the country’s incoming interim government to protect their factories, as violence still wracks the country following the downfall of former Prime Minister Sheikh Hasina.

She fled the country on Monday (August 5) after resigning amidst cascading political demonstrations against an earlier brutal crackdown on protesters upset about government job quotas.…

The Japanese yen’s slide of more than 10% against the dollar in the past 12 months to reach a 38-year low may be propping up profits for Japan’s export-driven automakers but the resulting rising production input import costs are causing pain for Japanese auto parts suppliers businesses.…