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Sri Lanka’s clothing sector is banking on newly elected left-wing President Anura Kumara Dissanayake’s commitment to strengthen the country’s support from the International Monetary Fund (IMF) and fast track debt restructuring to bring stability to the country.

For the country’s export-heavy apparel sector “stability is essential to retain global competitiveness, attract new investment, and sustain jobs,” Sri Lanka’s apparel industry body Joint Apparel Association Forum (JAAF) secretary general Yohan Lawrence, told Just Style.…

Auditors can play a major role in fighting fraud, with the onset of sustainability reporting creating a new opportunity to sniff out swindles. Keith Nuthall reports.

While the initial goal of audits is not to detect fraud, rather to say whether financial statements (and latterly, sustainability reports) are accurate, these assessments do often uncover crime.…

Cape Verde’s Atlantic Technical University (Universidade Técnica do Atlântico – UTA) is next month (October 1) opening a new travel industry-focused institute, offering new degrees in tourism management and promotion and civil aviation management.

This new Higher Institute of Aeronautics and Tourism (Instituto Superior de Aeronáutica e Turismo – ISAT) will operate within the public university in premises on the island of Sal, one of the smallest of this archipelago country.…

The Ghanaian government has welcomed an “unprecedented increase” in cocoa prices in the 2023/24 season of 129.36% year-on-year as the market responded to production declines worldwide – costing chocolate manufacturers dear. Ghana’s food and agriculture minister Bryan Acheampong said Ghanaian cocoa prices had risen from Ghanaian Cedi GHS20,928/tonne (USD1,325) and GHS1,308 (USD82.80) per 64kg bag in September 2023 to GHS48,000/tonne (USD3,030) or GH3,000 (USD190) per 64kg bag as the season wrapped last month (September 2024).…

In a “scary” world that is moving faster, adhesive businesses should assess opportunities to innovate, focusing on their “your sense of timing”, innovation expert Peter Hinssen told participants in the FEICA 2024 European Adhesive & Sealant Conference. Speaking in Noordwijkerhout, the Netherlands, Hinssen, partner at consultancy nexxworks, told members of the Association of the European Adhesive and Sealant Industry (FEICA) companies should not wait until they are at their peak or past it, to reinvent themselves: “That doesn’t work anymore.…

The Chinese auditing unit of accounting giant PwC has been fined a record Chinese Yuan Renminbi CNY441 million (USD62.7 million) and banned from auditing in mainland China for six months after a regulator concluded it had “covered up and even condoned” fraud at Evergrande Real Estate Group, including at its Hong Kong subsidiary Hengda.…

Autonomous Chinese gambling centre Macao has been responding to pressure from Beijing to tighten controls on gaming, amidst ongoing concerns that the special administrative region (SAR) is a hub for dirty money, washing through its casinos.

The Macanese government expects its tiny peninsular and associated islands of 33.3 square kilometres to generate gross gaming revenues of Macao Patacas MOP216 billion (USD27 billion) in 2024, up from MOP183.1billion (USD22.8 billion), recovering from a Covid-19 induced slump (1).…

Portuguese textile and garment industry executives have told Just Style how they can attract more international buyers and export sales at a tough time for the sector, through its sustainability, quality, innovations and proximity to main markets.
They were speaking at the 60+4 edition of Modtissimo, the oldest international textile fair in the Iberian Peninsula, in Matosinhos, northern Portugal, on September 12-13 (1).…

A Transparency International UK review of 5,000 British government contracts awarded during the Covid 19 pandemic, has found at least three red flags for corruption in 135 high-risk projects, together worth some GBP15.3 billion (USD20.2 billion), mainly for personal protective equipment (PPE) and other medical supplies.…

The shifts and volatility of the Malaysian Ringgit (MYR) against USD dollar has remained an important challenge for the Malaysian Textile Manufacturers Association and its clothing and textile manufacturing members.

Between July and September this year, the USD1/Ringgit fluctuated significantly, underpinned by both global and domestic factors, with the MYR/USD1 rate moving between July and early August between MYR4.55 and MYR4.69, making profit margin assessments a challenge for imported inputs and overseas sales.…