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The government of India is modernising and expanding airports located in the remote north eastern part of the country. They generally generate low levels of civilian passenger traffic, but the region considered extremely sensitive politically and strategically due to several armed insurgencies and its proximity to international borders with China, Bangladesh, Myanmar, Bhutan and Nepal.…

ADDITIONAL pressure is being placed on Macao anti-money laundering (AML) authorities to reduce the illicit flow of money between the Chinese special administrative region (SAR) and mainland China. This month (February 2015), officials from mainland China’s ministry of public security (effectively the police force) have this month been meeting Monetary Authority of Macao (AMCM) officials to set up a system that monitors transactions through UnionPay (China’s state-owned card payment clearing company) in Macao.…

QUALITY suspicious transaction reports (STRs) and suspicious activity reports (SARs) around the world are crucial to identifying and combatting money laundering – but a lack of feedback from law enforcement and financial intelligence units (FIUs) can discourage reporting entities from working to improve their reports.…

THERE is growing international demand for Cambodia’s traditional ‘krama’ scarves from Europe – especially from Germany and Italy.  And the bulk of the country’s nearly 50,000-60,000 annual ‘krama’ exports go to these two countries, the Cambodian Craft Corporation executive director Seung Kimyonn told WTiN.com.…

THE INDONESIAN batik industry may be set for record profits in 2015, on the back of strong growth of both the domestic and export market in recent years, according to an industry insider. “Our turnover trade has approximately doubled in the last five years,” Dewanto Santosa, director of Batik Danar Hadi, said.…

AN INTERNATIONAL regulatory cooperation pilot involving medicine regulators sharing real time assessments about generic medicines is now in full flow. The European Medicines Agency (EMA) is leading the initiative, building on the European Union’s (EU) experience of cooperation between national regulators.…

PLASTIC banknotes have been in circulation since their introduction in Australia in 1988 and their use is expanding. Counterfeiters beware. Alan Osborn, in London; Kitty So, in Ottawa; and Lee Adendorff, in Byron Bay, Australia, report.

FAKING banknotes is considerably more difficult on plastic than on cotton-based paper, and while printing technology improvements may aid forgers, central banks seem happy to avail themselves of the competitive advantage.

With 685 million wet pounds of coatings sold for USD730 million in 2013, the Vietnam market consumed only a tiny fraction of Asia-Pacific region’s total of 36 billion wet pounds sold for USD50 billion that year, according to Kusumgar, Nerlfi & Growney, Inc, a New Jersey, USA-based consulting firm for the polymer and chemical industries.…

THE HONG Kong government has proposed a 75% reduction of profits tax, salaries tax and tax under personal assessment for the 2014-15 assessment year, up to Hong Kong dollars HKD20,000 (USD2,578) per case. Announced in the government’s budget, the tax cut will cost HKD17.7 billion (USD2.2 billion), benefitting about 1.95 million taxpayers.…

A MAJOR Bangladesh knitwear company has launched an innovation that may inspire a new segment in this key outsourcing industry – ‘fake’ heavy knitwear.

DBL Group, based north of Dhaka, has developed this fabric for jerseys made from cotton or a blend of cotton and synthetic fibres. …