Search Results for: South Africa

MAJOR universities from six African countries will next year (2019) be able to develop their services through each receiving USD20 million grants from the World Bank, via a regional rural development research initiative, with the money designed to turn these institutions into regional hubs for agricultural learning.…

NEGOTIATIONS for a free trade agreement between Indonesia and the European Union (EU), which will pave the way for greater opportunities for the textile and garment sectors, are entering a final phase, the head of Indonesia’s textile industry association said.

“Negotiations are entering the sixth round.…

SUPPORTERS of the European Union (EU) as a political concept stress how it has the vision, and the money, to promote energy projects of common interest (PCIs) between its (for now) 28 member states. Their goal is to promote an effective continent-wide energy market that offers European citizens more security in their supply of gas, electricity and to a lesser extent oil.…

CONSUMERS in Nordic countries commonly prefer quality environment-friendly products and the paint and coatings sector is no exception.

Denmark is a case in point, being home to major Hempel A/S, which launched its advanced water-based technology range of decorative paints under the Crown Trades brand in January 2017, group president and CEO Henrik Andersen told PPCJ.…

AML compliance departments are having to take an increasingly close look at any transactions involving Venezuela, as its authoritarian government attracts increasingly large numbers of international sanctions.

The European Union (EU) in June sanctioned 11 senior Venezuelan officials following the May re-election of President Nicolas Maduro in polls that the EU said were “neither free nor fair and…lacked any credibility…”

The sanctions – see https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32018D0901&from=EN…

NEW European Union (EU) rules on whistleblower protection proposed by the European Commission will help the fight against money laundering and terrorist financing, EU experts have told Money Laundering Bulletin.

The proposals unveiled on April 23 for a directive ‘on the protection of persons reporting on breaches of Union law[*], “will strengthen the enforcement of the fourth anti-money laundering directive [4AMLD], complementing the directive’s existing rules [Article 61] on whistleblower protection, aligning them with the common high standards of protection,” a Commission official said.…

THE INDIAN government has been sending out conflicting signals about its trading policy for its important knitwear sector. While it last month (July 18) announced it was increasing import duties for some key knitted apparel and knitwear inputs, talks are moving ahead to forge a Regional Comprehensive Economic Partnership (RCEP) with 16 Asian counties.…

THE MALAYSIAN government has approved a new minimum wage of Malaysian Ringgit MYR1,500 (USD368) for the private sector, but the new wages floor will be phased in gradually.

“If we push for higher minimum wages, cost of production will go up and we will not be competitive,” Malaysia’s Prime Minister Dr Mahathir Mohamad told the country’s national news agency, Bernama, today.…

Signs of an accelerating relocation of garment investment from China to the Philippines are emerging, amidst the US imposing an additional 10% duty on textile and some clothing products from China. The Chinese government retaliation of an additional 25% duty on US cotton imports making raw material sourcing for China-based manufacturers more expensive has also raised the cost of doing business in China.…

GARMENT manufacturing industry insiders in Haiti are optimistic that their sector can continue expanding in size, as long as the Caribbean country’s government delivers economic and social stability. This is not a given in Haiti, which has suffered from serious political instability since the dictatorial regime of former President Jean-Claude Duvalier (called ‘Baby Doc) was overthrown in 1986.…