Search Results for: South Africa

A case detected last May (2015) at Lisbon international airport, Portugal, says much for the worrying scale of the laundering of illicit funds from Europe into mainland China. A nondescript Chinese couple travelling from Lisbon to Shanghai via the United Arab Emirates’ (UAE) Dubai was stopped carrying more than EUR1 million in large denomination notes found elaborately wrapped in ‘danger, chemicals’ packaging within packets marked ‘FRAGILE’.…

Tanzania is gearing-up for new international public accounting system as it prepares asset assessment policies for all government ministries, agencies and other organisations to promote consolidated public sector bookkeeping. East Africa’s second largest economy has been working on these reforms having adopted International Public Sector Accounting Standards (IPSAS) from July 1, 2004, both for local and central governments.…

AMERICAN meat major Tyson Foods is expanding within the Russian poultry breeding sector through the planned signing a deal with Samuel Lipman, a former board member of Cherkizovo Group, one of Russia’s largest meat and poultry producers and processors. Tyson plans to buy his 48.25% stake at the Broiler Budushego (Broiler of the Future), which controls about 40% of the Russian poultry breeding market. …

EUROPEAN Union (EU) pig meat producers were big winners in boosting export sales over between last March (2016) and February (2017), according to the European Commission, with receipts rising by more than 33% compared to the same period last year. The EU pigmeat sector earned EUR5.4 billion in export earnings from March 2016 to February 2017, EUR1.35 billion more than the same period in the previous year, leading the United States and Canada as the second and third most important pigmeat exporters, reported EU statistical agency Eurostat.…

Japan’s NH Foods Ltd is to buy Uruguayan major meat processing company Breeders & Packers Uruguay SA (BPU) to increase its meat supply capacity in emerging markets, notably in Asia, and to tap the major mature beef consumption markets in North America and Europe.…

THE NEW Global Aviation Security Plan (GASeP) needs to be flexible and strategic, avoiding mandating detailed specific solutions that risk becoming outdated, the director general and CEO of the International Air Transport Association (IATA) has said. Commenting on the development of this plan by the International Civil Aviation Organisation (ICAO) in an exclusive interview with Jane’s Airport Review, IATA’s Alexandre de Juniac said We would like to see a plan that has clear strategic goals, backed up by ambitious and measurable targets.…

THE USA’s Federal Aviation Administration (FAA) has begun an environmental impact assessment on plans to build a new parallel runway and associated projects at Charlotte Douglas International Airport (CLT), in North Carolina. The airport’s capacity enhancement plan recommends a 12,000-foot-long runway be completed by 2023, 1,480 feet west of the existing Runway 18/36 centreline. …

Political uncertainty over US trade deals sparked by the ascension of President Donald Trump to power should be eased to avoid stifling innovation in the country’s technical textiles industry which could see it marginalised on the world stage, insiders have warned.…

Japan’s cosmetics and personal care market is holding steady, although there are concerns that stability is being supported by strong consumption by the burgeoning number of tourists visiting the country combined with a weak yen. USD1 bought Japanese Yen JPY117 in December compared JPY100 in July, although it has since recovered to JPY110 (April).…

EUROPEAN Union (EU) cosmetics and soaps companies are awaiting with interest the results of the World Trade Organisation (WTO)’s appellate body’s decision on Indonesia’s claim that the EU’s anti-dumping duties have been unfairly placed on imported fatty alcohols from the south-east Asian economic giant.…