Search Results for: United Nations

A potential bonanza of new projects may be offered to Chinese construction companies following the set-up of a new development bank with lots of cash for infrastructure projects. This July marked the launch of the so-called ‘BRICS Bank’, a new multilateral development bank, operated by Brazil, Russia, India, China, and South Africa.…

Chinese construction firms have cornered plenty of business in Africa and Latin America, but they need upskilling to consolidate their position. Anyone who observes the queues of nervous young men lining up in the early morning in Beijing’s tree-lined Sanlitun diplomatic district will be in no doubt of the intensity of Chinese activity in Africa and Latin America.…

SKIN whitening and anti-ageing products represent key growth segments for cosmetic manufacturers targeting expanding and increasingly integrated markets in the Association of South East Asian Nations (ASEAN) region. Indeed, producers of these products are set to benefit from a single ASEAN port of entry when the fully integrated ASEAN Economic Community (AEC) is launched next year (2015).…

AFTER upgrading its laws against money laundering, Bangladesh has earned praise from anti-money laundering (AML) watchdogs however implementing this legislation remains an uphill challenge. Satisfied with the progress Bangladesh made toward plugging “strategic deficiencies” in its AML and combating the financing of terrorism (CFT) regime, the Financial Action Task Force (FATF) removed the country from its special watchlist.…

INDIAN confectionery and sweet bakery producers are struggling to gain lucrative export markets due to the lack of proper domestic food regulations, the country’s poor infrastructure and the high cost of borrowing money. 

“Not much is exported to the developed world from India because our laws are not harmonised with that of other countries,” said Harsh Arora, president of the Indian Confectionery Manufacturers’ Association.…

VIETNAM’S production of powder coatings and liquid protective coatings has in the past been a small part of the country’s paint and coatings output – but foreign investment maybe about to change that. The country has around 80 coatings manufacturers, who have together manufactured a relatively meagre 30,870 tonnes of these specialist products, generating USD91 million’s worth of revenue in 2012, according to the most recent data made available by market researcher Frost & Sullivan.…

PRODUCTION at Venezuela state oil company Petróleos de Venezuela SA (PDVSA) has slumped under mounting financial pressures, building during the past 15 years when revenues have been tapped by its socialist government to fund social programmes, diplomatic initiatives and other non-commercial policies.…

Novartis Vaccines is now selling the United States’ first cell-culture influenza vaccine, after the US Food and Drug Administration (FDA) licensed Novartis’ manufacturing facility in Holly Springs, North Carolina in June.
The company’s technology uses mammalian animal cells – a method called cell-culture technology – to produce the vaccine, rather than the traditional method that takes place in chickens’ eggs.…

INDIAN knitwear manufacturers are hoping for a major growth impetus because of industry-friendly policies being rolled out by the new Bharatiya Janata Party (BJP)-led government. “We are very optimistic about the new government,” Naval Saraf, proprietor of Super Knit Industries, a sock manufacturing company in Mumbai told Knitting International.…

Li & Fung Ltd may have been unwilling to discuss claims that it was considering investing in the country’s planned Athi River export processing zone ‘textile city’ but the truth is that Africa is increasingly a focus of foreign clothing and textile investment.…