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THE ETHICAL traits of Sharia-compliant, or Islamic, financing, such as not allowing interest or investments in gambling and tobacco, have made sustainable and responsible investment (SRI) and green funds an obvious extension for the sector. But with Islamic finance already being a niche market, compared to conventional financing, initiatives to diversify into SRIs have struggled over the past several years.…

As farms and agricultural organisations face changing accounting demands from legislatures and financial institutions around the world, accountants face greater pressures to develop specialised agricultural knowledge.

Indeed, accounting services provided to the farming industry within the European Union (EU) are becoming increasingly important, notably because of reforms to the EU Common Agricultural Policy (CAP), experts have told Accounting & Business.…

With less than one-and-a-half years until the Association of Southeast Asian Nations (ASEAN) creates its own European Union (EU)-style single market, the bloc is about to sign off on a ‘mutual recognition arrangement’ (MRA) on accountancy services. This is designed to help the mobility of accounting professionals wanting to work across the 10 member states, and all their governments bar the Philippines (expected to sign in October) have now signed up.…

The Vietnamese textile and garment industry has yet to prepare comprehensively for the onset of the ASEAN (Association of Southeast Asian Nations) Economic Community (AEC) next year. “We are not aware of any AEC impact studies, and I cannot even provide an educated guess,” an otherwise helpful representative of a Vietnamese textile association in Ho Chi Minh City told WTiN.com.…

EXHIBITORS at this week’s trade show in Phnom Penh, the Cambodia International Textile & Garment Industry Exhibition, called on the country to diversify into textile manufacturing, knitwear, finishing and other supporting industries.

Cambodia’s USD5.5 billion garment industry is a mainstay of the country’s economy, accounting for some 80% of exports.…

The livestock sector in Syria has been seriously impacted by the country’s ongoing civil war, with poultry production down by over half compared to pre-conflict levels, cattle herds by 40%, and the number of sheep down by 30%. Meanwhile, veterinary services have almost collapsed.…

CHINA’S technical textile sector – producing everything from protective gear for steel workers to materials used in artificial kidneys – has enjoyed strong growth in recent years, and 2013 was no exception. According to the annual report of the Beijing-based China Nonwovens & Industrial Textiles Association (CNITA), the value of the technical textile sector and the fixed asset investments within it grew in 2013 by 12.9% and 28.7% respectively year-on-year.…

CONSUMERS could face more real-time transaction checks when buying goods by card, leading analytics software firm FICO, USA, has suggested in a study of card fraud levels in 19 European countries. Analysis showed United Kingdom (UK) card fraud hit record levels in 2013, up 15% year-on-year at GBP450 million (USD751.86 million) and beating the previous peak in 2008.…

Taiwan’s main airport, Taiwan Taoyuan International Airport, is to undergo a major expansion, increasing its annual passenger capacity from 32 million to 60 million by 2030. Located halfway between the capital Taipei and the island’s industrial heartland along its western coast, the airport is planned to become the centerpiece of the government’s highly ambitious Taoyuan Aerotropolis project, which with an estimated investment of Taiwan New Dollar TWD600 billion (USD20 billion).…

EDITOR’s NOTE: Proceedings area active and Contempt of Court applies. This version is safe.

A JUDICIAL hearing is scheduled for September 9 in London after the United Kingdom’s Serious Fraud Office (SFO) charged the UK subsidiary of French engineering group Alstom with fraud and conspiracy to corrupt.…