Search Results for: International business

Despite low domestic demand and transportation challenges posed by poor cold storage facilities, Bangladesh’s nascent cheese industry is showing potential for growth.

Consumers are eating more of this dairy product than ever before, spurring growth in imports. According to data from United States-based export-import trade intelligence firm Volza, there were 4,464 import shipments of cheese into Bangladesh, imported by 524 Bangladesh traders, as of from last January 1 (2023) to October 31 (1).…

Predictions that a post-pandemic surge in nearshoring would follow clothing brand fears about volatile supply chains have only been partly realised. Inadequate advances in automation, limited raw material supplies, lack of appropriate infrastructure and persistent high costs have limited the ability of many near-sourcing industrial hubs close to Europe and north America to grab market share from Asia.…

An executive of an unregistered university in Malawi has been convicted and fined, the first legal fruit of a government crackdown launched in 2022.

Tuweh Gusto Gadama, 55, on January 17 (2024) was ordered by Principal Resident Magistrate Rodrick Michongwe, sitting in the capital Lilongwe, to pay Malawi Kwacha MWK3.4 million (USD2,000) for operating higher education institutions illegally.…

The seizure of criminal proceeds has been a policy priority of the current Singaporean presidency of FATF (the Financial Action Task Force) (1). But while it and jurisdictions such as the European Union (EU) are developing reforms to boost asset recovery, more change is needed for this tactic to become a truly effective weapon against organised crime.…

A major India-based apparel manufacturer and exporter, Matrix Clothing, has told WTiN how it is testing and developing AI-based technology solutions to optimise quality control, fabric checking and detection of flaws in its finished products. The company is looking to detect stains, broken stitches and uncut threads with this innovative technology, which it can then remove from its production stream, for example.…

3D printing technology has been fuelling innovative designs, performance enhancements and sustainability credentials in the sports footwear industry. Customer personalisation is an increasingly popular innovation, using data from foot scans to calibrate the printing machines.

Also, sustainability benefits claimed for 3D printed shoes are growing in effectiveness for marketing as brands seek to reduce their environmental footprint.…

Iraq’s paint and coating sector is benefitting from a surge in construction as the country rebuilds its infrastructure, resumes stalled projects, and embarks on newbuild and expansion projects.

The country is experiencing its most politically stable period since 2003 and amidst this transformation, construction is booming.…

A Tunisia-based higher education institution is seeking to fill an artificial intelligence (AI) skills gap in this north African country, which has hosted some successful AI-based startups, but who have struggled to recruit AI-proficient workers.

The Pristini School of AI launched quietly in 2023 and has since been building its student base, now teaching 130 students across its undergraduate and masters’ courses, said its dean, Mohamed Jaoua.…

Nearly two years since Russia invaded Ukraine, the global sunflower oil and seeds sector is still under pressure from supply-side shocks, restricting short-term growth of the sector. Despite an overall growth in global production of sunflower oilseeds, experts warn of difficult conditions for crushers and growers faced with decreased profitability and stiff Russian competition.…

AML experts are increasingly concerned that jurisdictions worldwide are still failing to act against key enablers of money laundering, such as lawyers, trust and company service providers (TCSPs), accountants, estate agents, casinos and luxury goods traders, who ask no questions or ignore money laundering (ML).…