Search Results for: Ireland

A report released yesterday (Mar 10) by the Organisation for Economic Co-operation & Development (OECD) has advised textile manufacturers to support government efforts to tighten environmental rules, saying they are unlikely to cause a loss of business.

The report is an attempt to dispel the widely-held view that tighter environmental rules increase costs and damages business – especially in emerging market manufacturing hubs.…

CHINA’S central bank, the People’s Bank of China (PBC), has issued a new anti-money laundering and terror finance reporting requirements for all financial institutions inside the country. The rules come into force July 1. They cover banks, brokers, foreign exchange, online and mobile payment systems and insurance companies, who will have to file reports to the central bank, via their headquarters or via representative institutions, if a client requires daily cash transactions exceeding Chinese Yuan Renminbi CNY50,000 (USD7,261) or a larger amount of USD10,000’s worth in foreign currency.…

If the 2013 and 2014 were all about the rise of South Korean personal care product brands in China, then 2015 was the year that regional currency wars and weaker economic sentiment at home dictated how Chinese consumers spent on cosmetics and toiletries.…

Financial experts struck off for misconduct from professional bodies, such as the Association of Chartered Certified Accountants (ACCA), should be actively barred from working as accountants, a Brussels conference on ‘Fighting Money Laundering and Terrorist Financing: The Role of Accountants and Finance Professionals’ has heard.…

THE EUROPEAN Parliament has given its political support for strong action by the European Commission in the coming year to propose and implement concrete actions to create an ambitious Energy Union. Its goal is to freely trading power between the European Union’s (EU) 28 member states.…

The European Commission has launched a review of whether subsidies promoting electricity generating and distributing capacity breaks European Union (EU) state aid rules. These are designed to make sure member states do not give their industries an unfair advantage in the EU’s single market.…

European Union (EU) beef farmers have called for help finding new markets to make up for the loss of exports to Russia in the wake of the crisis over Ukraine.
Jean Pierre Fleury, chairman of EU farm and livestock producer association Copa-Cogeca’s beef working party, has issued a plea to the European Commission, calling on it “to take urgent action to improve the EU beef market situation.”…

IN a fast-growing emerging economy such as Bangladesh, companies and consumers alike can sometimes play fast-and-loose with the truth to hide financial wrongdoing and commit frauds, but they will have to reckon with Bangladesh’s Comptroller and Auditor General Masud Ahmed and his staff.…

THE IRISH government has predicted to globalmeatnews.com that American beef exports to the European Union (EU) will be limited by quotas in future, even if the EU and USA successfully negotiate a Transatlantic Trade & Investment Partnership deal.
An official for Ireland’s department of jobs, enterprise and innovation explained: “The position of beef as a sensitive sector for Ireland is well known by the government and the EU Commission.…

Hangzhou, China-based infant formula manufacturer Beingmate is to buy 65% of stocks in the Meilijian Group’s subsidiary in Dunhua, Jilin province, northeast China. According to an announcement, the deal will costs about Chinese Yuan Renminbi CNY117 million (USD18.7 million). The Meilijian Group, also based in Hangzhou, has its own dairy farms, and manufactures infant formula as well as other dairy products, including milk and condensed milk.…