Search Results for: Indonesian

The New Zealand Environmental Protection Authority (EPA) has called for comments on planned reductions to allowable lead levels in paints, and in art materials such as chalk, crayons, and felt-tip pens.

The country’s current lead level limit for paint is 0.1% (1,000 parts per million/ppm) and the proposed changes would reduce this to 0.009% (90ppm), in line with countries including Australia, Canada and the United States, the EPA said in a note.…

Indonesia’s tobacco farmers are enjoying a good harvest this year, but they are also facing uncertainty over new health regulations that could affect their livelihoods.

The tobacco industry is a major contributor to the Indonesian economy, generating about 10% of the state revenue from excise taxes, according to the country’s finance ministry.…

The Indonesian government is looking to actively support the country’s textile and clothing industry as it faces a downturn in exports, depressed by soft economies in overseas markets facing high inflation and interest rates.

Trade has indeed fallen, said the Indonesia industry ministry, which told Just Style of a decline in both exports and imports in the first half of this year (2023), with clothing and textile exports dropping by 18.7% and imports by 19.8%.…

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.…