Search Results for: Indonesia
10 results out of 811 results found for 'Indonesia'.
MEASURES TO SHORE UP INDONESIA’S WEAK AML/CT REGIME BEING INTRODUCED TO REDUCE VULNERABILITY TO ATTACK
FINANCIAL crime experts are urging Indonesia to step up its war on terror financing and money laundering highlighting the south-east Asian nation’s vulnerability to these threats. The USA state department’s 2017 International Narcotics Control Strategy Report (INCSR) noted these threats are significant despite Indonesia neither being a regional financial centre nor an offshore financial haven.…
INDONESIAN TEXTILE EXPORTS RISE AFTER YEARS OF STAGNATION
INDONESIA’S textile and garment exports rebounded strongly in 2017, rising about 5% to USD12.4 billion after four years of stagnation, the head of the country’s textile industry association has revealed.
Factory relocation, political stability and less labour unrest contributed to the growth, said the chairman of the Indonesian Textile Association (API – Asosiasi Pertekstilan Indonesia), Ade Sudrajat.…
SPECIALIST CHEMICALS SECTOR IS GLOBAL GROWTH AREA, AS DEMAND FOR SMART MATERIALS GROWS
THE GLOBAL speciality chemical market has been showing steady gains over the past few years and is set to continue in its growth trajectory, according to latest data. According to data from Pune, India-based global research company Allied Market Research, the global industry was worth USD175.4 billion in 2014 and has since shown promising growth to USD184 billion in 2015, USD193 billion in 2016 and USD202.5 billion in 2017.…
THAILAND HAS POTENTIAL TO BE NEW SE ASIA REGIONAL KNITWEAR MANUFACTURING HUB
WITH full supply chains and innovative products, Thailand’s knitwear industry is thriving, making the country a nucleus for fashion manufacturing in the Association of Southeast Asian Nations (ASEAN) region. Thai Garment Manufacturers Association (TGMA) executive director Chartchai Singhadeja said: “Thailand’s strength lies in our full-value supply chains, starting from fibres to yarns and fabrics, then apparel and clothing within the fashion industry.”…
BANGLADESH MAKING INROADS INTO LINGERIE AS CHINA SHIFTS GEAR
LURED by a shifting global market and better margins, Bangladesh’s apparel producers are rushing into the lingerie space, predicting Chinese manufacturers will secure fewer export orders for these lines as their costs rise.
This new niche opportunity for the Bangladesh industry is fortuitous, as it dovetails with the country’s textiles and clothing makers’ core strategy of moving from their traditional low-cost growth pillars, such as t-shirts, shirts, trousers, jackets and sweaters.…
WESTERN COUNTRIES INTRODUCING DPAS 25 YEARS AFTER USA – BUT CAUTION ABOUNDS IN ROLL-OUT
DEFERRED Prosecution Agreements (DPAs), that allow companies and individuals that admit to wrongdoing and cooperate with investigators to pay a fine and avoid prosecution, are becoming increasingly common worldwide. Enabling wrongdoers to avoid being debarred from bidding for many contracts and providing law enforcers with a commitment that companies and individual fraudsters will avoid fraud in future, DPAs offer benefits for police and suspects.…
INDONESIA SEEKS GREATER ACCESS TO EU, US FOR ITS TEXTILE PRODUCTS
THE EXECUTIVE secretary of the Indonesian Textile Association (API – Asosiasi Pertekstilan Indonesia) has said that he hopes his government will make progress next year in forging trade deals with the USA and European Union (EU), boosting textile exports to these key markets.…
CHALLENGES OUTLINED FOR HR TEAMS TO HELP TACKLE WEAK PENSION SCHEMES ACROSS ASIA
THE HUMAN resources sector has been urged to put pressure on governments and investment fund managers in Asia to strengthen pension provisions as they deal with the consequences of rapidly aging populations.
And HR and economics experts have warned that corporate HR teams have a critical role to play in educating the workforce about the extent, however limited, of their pension provision and working with company bosses to strengthen policies within their organisations to compensate for the lack of robust schemes in existence.…
ASIA REGULATORY ROUND UP – HK REGULATORS INSIST ON EFFECTIVE CYBERSECURITY MANAGEMENT
HONG Kong regulators have laid down binding rules on financial institutions insisting that they practice effective cybersecurity management. The special administrative region’s (SAR) Securities and Futures Commission (SFC) has issued ‘Guidelines for Reducing and Mitigating Hacking Risks Associated with Internet Trading’ requiring all licensed or registered internet traders to implement 20 steps to reduce cyber-attack vulnerabilities.…
INDONESIA TOLD BY WTO TO LIBERALISE ITS MEAT IMPORT CONTROLS
TOUGH Indonesian import restrictions on meat and meat products have been declared in breach of international commerce rules by the World Trade Organisation (WTO) appellate body. It is the highest tribunal within the global trade body and it today (Wednesday, Nov 9) rejected Indonesia’s claims that its barriers complied with the WTO general agreement on tariffs and trade (GATT) and its agreement on agriculture.…