Search Results for: Mauritius

THE CLOTHING and textile industry and government officials within the Indian Ocean archipelago nation of Mauritius, say they are hopeful that a trade deal will be struck with India this year and that it will help build sales and capacity in this important African outsourcing hub.…

AFRICA is commonly hailed as the world’s next big focus of economic growth, but for the civil aviation industry, this prospect will require significant investment in new intra-African routes and related airport and ATC infrastructure. It will also require governments to remove immigration barriers preventing African air travellers flying to other countries on their home continent.…

THE FINANCIAL Action Task Force (FATF) has said that Iran’s failure to implement AML/CFT controls means that member countries and their financial institutions should consider taking all the precautions mandated by its guidance for high risk ML states.

Its February 19-21 plenary said that Iran still needed to remove an exemption for controls on designated terror groups’ financing when such organisations are “attempting to end foreign occupation, colonialism and racism” – which is taken to include groups opposing Israel.…

THE MALAYSIAN government has issued a Domestic Systemically Important Banks (D-SIB) Framework, which tells financial institutions of importance to Malaysia’s wider economy to hold minimum levels of reserves to protect themselves against troubled times. Mandatory ‘higher loss absorbency’ (HLA) requirements for listed systemic banks, ranging between 0.5% to 1.0% of risk-weighted assets, will come into force from January 31, 2021.…

The US-China trade war that has been hindering commerce since 2018 has hit the Chinese clothing and textile export sector severely, but companies that have invested in manufacturing sites outside China have been better protected, Esquel CEO John Cheh has told just-style.…

COMPANIES using offshore tax jurisdictions need to assess whether their strategies can be branded unethical, as well as illegal, causing them reputational as well as financial damage. They need to assess whether the risk is worth taking. Poorna Rodrigo reports.

The series of data dumps, such as the Panama Papers, and the recent Mauritius Leaks have continued to tarnish the reputation of offshore tax havens, but experts stress that properly used, a positive case can be made for offshore tax policies.…

THE GOVERNMENTS of Mauritius and Madagascar are intensifying their efforts to improve cooperation between the respective textile and clothing sectors of these Indian Ocean island states.

Mauritius officials stressed to just-style how nine major Mauritian textile and clothing enterprises have set up production units in Madagascar, helping boost the economy of this relatively less developed country.…

Just four months before Italy’s much-anticipated Formula One (F1) Grand Prix was set to roar through the Monza racetrack on September 6-8, (2019), a major arrest involving money laundering within FI was made in Dubai. Luigi Provini was handcuffed in the United Arab Emirates (UAE) emirate and placed on a direct flight to Rome, for questioning by Italy’s Financial Police (Guardia di Finanza – GdF).…

Gosego Motsamai, the new managing partner and country manager at KPMG Botswana, has blazed a trail by being the first woman to secure such a post in a Big Four firm within this dynamic emerging market country.

With 23 years’ experience, Motsamai still brims with passion for the profession and often works late into the evening to ensure deadlines are met, a tidy habit she has developed from her early days as an accountant.…

It is hard to avoid either a cosmetics store or an advertisement for one in Chinese cities today. A mind-boggling wave of new retailers set up by investment firms to cash in on the cosmetics and personal care boom are eagerly seeking franchisees around the country.…