Search Results for: Indonesian

Since economic liberalisation and globalisation kicked in major economic growth in China since 1990, China’s food and beverage industry has expanded exponentially, boosting the country’s metal packaging industry (1).
London-based market researcher GlobalData (NOTE TO EDITOR – NO SPACE BETWEEN WORDS IN THIS COMPANY NAME) has forecast that China’s market will purchase more than 1 trillion units in 2024, with rigid metal packaging taking a 10.5% volume share of this vast financial cake (2).…

Tightening de-forestation regulations in major oils and fats markets are having an increasing impact on palm oil producers, who say they are being targeted unfairly.

The European Union (EU)’s deforestation-free regulation (EUDR) (1) that entered into force June 29 (2023), and will become binding from December 30, 2024, will lead to higher prices and supply difficulties for palm oil importers, EU and supplier country experts argue.  …

The Indonesian government is drafting a regulation to ban lead-based paints in the country, Markus Winarto, the secretary-general of the Indonesian Paint Manufacturers Association (APCI) has told PPCJ. The government has been under pressure from environmental health activists to take this step – one already taken in the Philippines, for example, but is facing some difficulties in finding alternatives for certain applications such as road markings and anti-corrosion coatings, said Winarto.…

The International Organization of Securities Commissions (IOSCO) has updated its Principles for the Regulation and Supervision of Commodity Derivatives Markets, the first major overhaul of this core guidance since 2011. IOSCO said the changes were designed “to provide a resilient framework for the regulation and oversight of the commodity derivatives markets”, taking account of recent market developments and international events, such as the Covid-19 pandemic and Russia’s invasion of Ukraine.…

South-east Asia has long appreciated the need to improve efficiency and sustainability in its finishing, especially as it seeks to compete with China, whose rising costs and supply chain disruption caused by Covid-19 has created openings for neighbouring manufacturing hubs.

Vietnam is a case in point, having long been a major textile production centre, and one that is expanding said data from the Vietnam Textile and Apparel Association (VITAS) showing a 12% year-on-year turnover rise in 2022 to USD44 billion.…

The tobacco industry is a global sector, with supply chains spanning the world. Muslim consumers – and there are 1.97 billion if them – are an important part of any tobacco major’s market portfolio, not to mention local Muslim companies. But a key challenge for tobacco companies targeting Muslim smokers, vapers and other consumers is religion – some Muslim scholars say tobacco is haram, and not in keeping with Islamic guidance, because of mental and physical impact on smokers.…

The exchange of intelligence is a key element of AML/CFT, with FATF’s recommendations 36 to 40 focusing on international cooperation. The Egmont Group of FIUs also continues to hone how it securely delivers exchanges of sensitive AML/CFT information between its 167 members.…

The Indonesian government is ramping up its requirement for government-funded construction to use locally-made products by insisting paint and coatings manufacturers seeking to supply such projects use national standardisation and certifications.

This, said the chairman of the Indonesian Paint and Coatings Association, Markus Winarto, is part of a trade ministry directorate general of chemical, pharmaceutical and textile industries campaign to reduce imported products.…

Tobacco manufacturers and retailers have expressed concerns about a crackdown on cigarette advertising in the Indonesian capital, Jakarta, which has been well-known for an unusually liberal approach towards tobacco marketing. However, it remains unclear whether the policy, launched last September (2021) has had any impact on sales.   …

Indonesia, which holds the presidency of the G20 group of major economies this year, wants to us this position to increase the role of Islamic finance worldwide, to boost consumer access to affordable financial products and services.

Financial inclusion is one of the goals of the G20, made more important by the Covid-19 pandemic widening inequality for the most financially vulnerable and underserved groups, said Dian Triansyah Djani, Indonesia’s ‘co-sherpa’ (diplomatic coordinator) for the G20.…