Search Results for: South Africa
10 results out of 4361 results found for 'South Africa'.
INDONESIAN GOVERNMENT LOOKS TO BOOST CLOTHING AND TEXTIE SECTOR UNDERMINED BY WEAK GLOBAL ECONOMY
The Indonesian government is looking to actively support the country’s textile and clothing industry as it faces a downturn in exports, depressed by soft economies in overseas markets facing high inflation and interest rates.
Trade has indeed fallen, said the Indonesia industry ministry, which told Just Style of a decline in both exports and imports in the first half of this year (2023), with clothing and textile exports dropping by 18.7% and imports by 19.8%.…
INNOVATIVE ESTONIAN DAIRY INDUSTRY FORGES DIVERSE PRODUCT RANGE, SOLD WORLDWIDE
The dairy industry if Baltic State Estonia may be small, but it has seen continuous growth, with 2022 marking the 22nd consecutive year of increased milk production in a country blessed with abundant natural grassland.
“Estonia is among the best in Europe in terms of cow milk production,” Aire Pentjärv, head of the dairy animals performance testing department, of Estonian Livestock Performance Recording Ltd (EPJ – Eesti Põllumajandusloomade Jõudluskontrolli AS), told Dairy Industries International.…
SRI LANKA STRUGGLING TO BOOST SALES IN SOFT GLOBAL CLOTHING EXPORT MARKETS
Sri Lanka’s inflation may be slowing compared to last year (4% in August, down from 64.3% year-on-year), (1) but the country’s clothing sector is still being hit by a lack of orders, the country’s industry body the Joint Apparel Association Forum (JAAF) has told Just Style.…
CHINA ADDRESSES DIVERSIFICATION OF CLOTHING SOURCING AWAY FROM ITS OWN SHORES
The China National Garment Association (CNGA) in a new briefing (1) on China’s clothing industry economic operations for H1 2023 warned that China’s clothing industry is under serious pressure. Insufficient post-Covid demand recovery in international markets due to inflation and central banks’ tight monetary policies have been exacerbated by overseas customers transferring orders to other countries.…
FALLING DEMAND, FORCED LABOR REGULATIONS HAMMER VIETNAM’S FOOTWEAR INDUSTRY
This year, tens of thousands of workers have been laid off by footwear production factories in and around Ho Chi Minh City, the centre of Vietnam’s USD24 billion footwear export industry.
Fo example, Pou Yuen Vietnam, a Taiwanese supplier for global giants including Adidas and Reebok, let go 5,744 employees through June and July, following a round of layoffs impacting 2,358 workers in February. …
PORTUGAL TRIES TO ATTRACT FOOTWEAR CLIENTS AS A NEAR-SOURCING ALTERNATIVE TO ASIA
Portugal’s footwear industry is trying to maintain its near-shoring position as a western production hub, while attracting more business as a reliable alternative to Asian manufacturing hubs, investing in innovation, quality and sustainability.
Portugal comprises an important part of the remaining European footwear sector, which according to the World Footwear Yearbook 2023 produced just 2.7% of global output in 2022 (1).…
NIGER COUP PROMPTS CONCERN IN HIGHER EDUCATION INSTITUTIONS ALREADY LACKING FUNDS AND PERSONNEL
Higher education leaders in Niger have raised concerns about how last week’s (July 26) military coup my home and already fragile higher education system in this Francophone Sahel country.
As the Economic Community of West African States (ECOWAS) considers force to restore the democratically elected government of President Mohamed Bazoum, elected in April 2021 in the country’s first peaceful transfer of power, students and academics have warned of potential disarray in Niger universities.…
TUNISIA TEAMS UP WITH CHINA IN CREATING FUSION ENERGY RESEARCH LABOIRATOTY
A groundbreaking collaboration between Tunisia and China has yielded plans to develop a pioneering laboratory, solely dedicated to the realm of plasma physics, a key element of nuclear fusion research. The lab would be established in Tunisia’s prestigious National Engineering School of Tunis, within the University of Tunis – El Manar, in central Tunis, Tunisia’s capital.…
ASIA REGULATORY ROUND UP – CHINA IMPOSES NEW LIMITS ON IRON OXIDE PIGMENT AND TITANIUM DIOXIDE USE
China’s key government economic body has released restrictions on the use of iron oxide pigments and titanium dioxide, the most important white pigment used in the coatings industry. In July (2023), China’s National Development and Reform Commission and related departments issued an updated Notice on Issuing the Energy Efficiency Benchmark Levels and Baseline Levels in Key Industrial Fields, with 11 additional controls, including 11 key areas including titanium dioxide (TiO2).…
DEVELOPING DEFI SHOULD BE ASSESSED FOR AML POTENTIAL, SAY EXPERTS
As decentralised finance (DeFI), non-fungible tokens (NFT) and associated crypto-currency based technologies expand in scope, regulators are playing whack-a-mole to try and ensure services are covered by AML/CFT legislation. It is sometimes not fit-for-purpose, with a US Treasury risk assessment (1) released in April (2023) stressing that some DeFI services could legitimately be exempt from Bank Secrecy Act (BSA) AML/CFT rules.…