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South Korea’s paint and coatings market is readying itself for a sustained rebound after 2021 saw it recover from declining sales in 2020 prompted by the Covid-19 pandemic. UK-based market researcher Euromonitor International’s Paints and Varnishes in South Korea report published in December 2021 showed that the country’s paints and varnishes production value declined by 0.9% year on year in 2020, to USD6.8 billion, but Euromonitor predicts the industry’s turnover will have fully recovered in 2021 to 2019 levels or beyond. …

The International Labour Organisation (ILO) has signed a memorandum of understanding (MoU) with the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) to cooperate on boosting the occupational health and safety of workers in the country’s knitwear factories. The work will focus on the 50 member factories of the BKMEA in this globally important knitwear hub.…

Bulgaria’s new government has promised to fight corruption and challenge the country’s reputation as the European Union’s (EU) worst blackspot for graft. The new Bulgarian Prime Minister Kiril Petkov defeated former PM Boyko Borissov last November amidst demonstrations against government corruption.…

In an age when competitiveness in the textile and garment manufacturing sector is increasingly measured by sustainability and on-demand production, efficiency in laundering finishing processes plays an important role for production companies. The textile sector has significant improvements it can make in sustainability – a 2017 report from the Ellen MacArthur Foundation, said the textiles industry’s share of the carbon budget, which is the amount of CO2 that humanity can emit while still having a chance to contain global warming, will grow from 2 per cent in 2015 to 26 per cent in 2050 if it failed to make environmental reforms [1].…

Financial professionals involved in AML/CFT are facing a growing set of professional, regulatory and technical pressures, from top AMLO managers to the front-facing staff onboarding customers, and backroom technical staff screening transactions. AML/CFT regulations in most jurisdictions are becoming increasingly broad and detailed, with implementation and enforcement ramping up.…

Businesses and government agencies continue to face a barrage of attacks from cyber-criminals, which have continued unabated in the past year, keeping up the pressure of frauds and hacks that have increased since Covid-19 spread worldwide in March 2020.

Organisations around the world faced more cyberattacks than ever before in 2021, say some data collectors.…

While a projected boom in renewable diesel production is expected to disrupt the American bio-based oils and fats market, a swifter adoption of electric transport technology in Europe is likely to reduce this impact in the European Union (EU), the European Commission has projected.…

India’s large and diverse clothing and textile industry is flourishing through sustained domestic sales growth and lucrative government incentives.

Its increased reliance on man-made fibres (MMF), a sharper focus on technical textiles and the construction of mega production units have been major features defining the progress of India’s clothing and textile industry.…

The importance of ensuring auditors and accountants have good self-esteem is perhaps higher today than before, with Covid-19 loading on stress in a tough profession. It has been highlighted by new research from Nyenrode Business University, the Netherlands.

Nyenrode research conducted by Professor Herman van Brenk and co-authors assessed more than 100 audit partners and managers.…

AS the one-year anniversary (January 31, 2022) (WRONG) following the end of UK commitments to follow European Union (EU) law and treaties has just passed, food and drink companies have little positive to say about the extra red tape that has followed.…