Search Results for: Indonesia
10 results out of 811 results found for 'Indonesia'.
TOBACCO COMPANIES BID TO REDUCE THEIR CLIMATE CHANGE IMPACT
EVERY manufacturing and agricultural industry has an impact on climate change – and the tobacco sector is no different. Faced with long-standing criticism of the health impact of its products, the tobacco industry is now facing attacks that its work generates carbon emissions and hence climate change.…
JAPAN CLOTHING BRANDS’ PAST SOURCING DIVERSIFICATION HAS PROTECTED THEM FROM US-CHINA TRADE WAR
JAPAN clothing brands have protected themselves in advance against exposure from the US-China trade war by decreasing their reliance on China-based manufacturing outposts in recent years. This sourcing diversification has occurred initially because of rising costs in China.
According to the Japan Apparel Fashion Industry Council (JAFIC), this movement away from Japan means the impact on Japanese textile and apparel companies from US tariffs imposed by the Trump administration on China-made exports would be “slight”.…
ANTI-FRAUD AWARENESS AND TRAINING IS A LYNCHPIN OF CORPORATE POLICIES FIGHTING GRAFT AND FINANCIAL SCAMS
ANTI-fraud experts understand that managers always need to be aware of the potential for their organisations to lose money to fraud and corruption. But the fact that the Association of Certified Fraud Examiners (ACFE) https://s3-us-west-2.amazonaws.com/acfepublic/2018-report-to-the-nations.pdf
estimates an average 5% of public and private revenues are lost to fraud indicates that more awareness is needed.…
ANTI-FRAUD AWARENESS AND TRAINING IS A LYNCHPIN OF CORPORATE POLICIES FIGHTING GRAFT AND FINANCIAL SCAMS
ANTI-fraud experts understand that managers always need to be aware of the potential for their organisations to lose money to fraud and corruption. But the fact that the Association of Certified Fraud Examiners (ACFE) https://s3-us-west-2.amazonaws.com/acfepublic/2018-report-to-the-nations.pdf
estimates an average 5% of public and private revenues are lost to fraud indicates that more awareness is needed.…
AUSTRALIA’S PAINT AND COATING SECTOR IS CONTRACTING WHILE COUNTRY’S OVERALL ECONOMY STRIDES AHEAD
THE AUSTRALIAN coating and paint market has experienced volatility over the past five years, with mergers and acquisitions consolidating the industry, whilst consumer demand and legislation have boosted the sale of more environment-friendly products. Across the Tasman Sea, meanwhile, New Zealand has seen growth due to innovation in high-performance and green coatings.…
GLOBAL AML/CFT REGIME’S EFFECTIVENESS IN DOUBT AS ITS 30TH BIRTHDAY APPROACHES
This July is the 30th anniversary of the Financial Action Task Force (FATF), which developed its 40 recommendations on anti-money laundering (AML) and nine special recommendations on combating the financing of terrorism (CFT) – but the jury is still out on whether the AML/CFT system it has created is really working.…
CHINA REMAINS SOURCE OF MAJORITY OF DANGEROUS CLOTHING AND ACCESSORIES SOLD IN EUROPE
CHINA continues to be the largest source of clothing and accessories detected as being unsafe for consumers in the European Union (EU), according to data analysed by just-style from the EU Safety Gate database.
Formerly the EU Rapid Alert System (RAPEX), the database shows that of the 221 safety warnings issued by the system about apparel and accessory products in 2018, 102 of these lines were supplied from China.…
INTERNATIONAL INITIATIVES AIM TO HELP AIRPORTS RESPOND TO DISASTER EMERGENCY RELIEF EFFORTS
INTERNATIONAL efforts are under way to improve how airports can serve as effective humanitarian logistics hubs, reducing the risk that they become bottlenecks in disaster relief efforts. These moves follow research and a growing consensus in the air and aid sectors that while airports are undoubtedly a lifeline during crises, they can also hamper the efficient delivery of aid to victims.…
ASIAN REGULATORY ROUND UP – MALAYSIA EXTENDS UNPAID TAX AMNESTY
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.…
BANGLADESH – A CASE STUDY IN THE CHALLENGES OF IMPOSING TRANSFER PRICING IN TAX COLLECTION
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.…