Search Results for: South Africa

VIETNAMESE textile manufacturers should invest in new machinery so they can take advantage of the incoming free trade agreement between Vietnam and the European Union (EU) say German trade and industry representatives.

Germany’s Mechanical Engineering Industry Association (Verband Deutscher Maschinen-und Anlagenbau (VDMA) expects the forthcoming EU-Vietnam free trade agreement (EVFTA) to lift Vietnamese garment exports to the EU with the help of more imported machinery to boost textile production.…

SWEEPING tax reforms introduced by The Philippines’ President Rodrigo Duterte designed to raise funds for infrastructure improvements, may cool a protracted vehicle sales boom in the country, experts warn.

The first stage of changes under a Tax Reform for Acceleration and Inclusion Law (TRAIN) came into force in January and the resulting higher excise taxes saw sales of passenger cars and commercial vehicles drop by 9.5% and 8% respectively in the first quarter of the year compared to January-March 2017.…

The Somali National University (SNU) is setting up its first new campus outside the capital Mogadishu, and – moreover – in a semi-autonomous region of a country which is steadily moving towards stable federalism.

Construction is now under way in Abudwaq town, in Galmudug region, central Somalia, following Somalia President Mohamed Abdullahi Mohamed Farmaajo’s laying of a ground breaking stone on January 21 (2018) alongside Galmudug president Ahmed Dualle Gelle Haaf.…

For the first time since Zimbabwe gained independence from Britain in 1980, the African country’s tobacco selling season opened on March 21 this year with long time ruler Robert Mugabe no longer in power.

Former President Mugabe resigned last November (2017), faced with impeachment proceedings from Zimbabwe’s lawmakers, with the country’s generals and his own ZANU-PF party having turned against him.…

India’s petrochemicals industry is preparing to exploit its growth potential and can benefit from lessons learned in Europe. Indeed, India’s intertwined petrochemicals and refining sectors received a significant endorsement of their future potential in April 2018 in the shape of major foreign investment in what will be one of the world’s biggest integrated sites for these twin purposes.…

NORTH Africa is never an easy market in which to do business, and the Arab Spring and its turbulent aftermath has not helped ease trade, but as the paint industry looks to 2018, there is optimism that profits can be made.…

The South Pacific’s Cook Islands (population: 11,700) and Niue (population: 1,600), both largely autonomous jurisdictions in free association with New Zealand, have in the past been accused by international AML experts as being tax havens that facilitate money laundering. But reforms indicate that AML/CFT controls are tightening.…

THE NONWOVEN adult incontinence market in Europe is offering hygiene product manufacturers and brands a chance to profit in a wider sanitary segment that has been and remains highly competitive.

Western Europe has a high per capita consumption in sanitary protection and a fiercely competitive retailing environment, according to Miles Agbanrin, an analyst for market researcher Euromonitor International.…

NEW Caledonia, a Pacific overseas territory governed by France, will need to transpose the new so-called European Union (EU) fifth anti-money laundering directive (AMLD5) reforms agreed in May. This is because the territory will have to follow AML/CFT implementing rules within French law, a spokesperson from the French ministry of economy and finance told the Money Laundering Bulletin.…

THE INTERNATIONAL knitwear sector has found itself at the centre of the ongoing turmoil in global trade relations, with major jurisdictions considering imposing tariffs on knitted products, inputs and related machinery.

One concern focuses on how the USA has proposed imposing 25% duties on a wide-range of China-made manufactured goods over alleged thefts of American intellectual property by Chinese industrialists.…