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WITH Europe’s economy still struggling to deal with the fall-out of the global financial crisis, its co-generation sector has had to fight to expand, or in some cases hold its position. Tightening national government budgets have meant that the co-gen industry has had to argue persuasively for public subsidies and tax breaks, or even the right to have equal treatment with renewable energies.…

THERE was much fanfare in Managua in June when Nicaraguan officials granted a concession to build a USD40 billion canal, which would challenge the great Panama Canal. The unlikely builder: a Chinese businessman, Wang Jing, chairman of China-based Xinwei Telecom Enterprise Group and president of the newly established Hong Kong Nicaragua Canal Development Investment Co.…

IN signing up to the Organisation for Economic Cooperation & Development’s (OECD) multilateral agreement on tax information transparency, Singapore has moved to address a major paradox that applies to its banking, business and financial operations.

Singapore scores exceptionally highly in global anti-corruption indexes – in 2012 it was ranked fifth by Transparency International out of 176 nations, behind only Denmark, Finland, New Zealand and Finland, for its lack of perceived corruption.…

THE ORGANISATION for Economic Cooperation & Development (OECD) has advised the G8 group of nations on improving their tax information transparency. They include four steps: broad laws helping governments expand their network of partner jurisdictions sharing tax data; clarifying the legal basis for swapping such information; refining reporting and due diligence requirements; and developing common or compatible IT standards to facilitate information swaps.…

IT is common sense that for really fast fashion, sourcing should be made as close to a home market as costs will allow. And for the world’s two largest fast fashion markets – the European Union (EU) and the United States – geography does provide some useful neighbours able to offer lower cost out-sourcing, albeit not as cheap as in east and south Asia.…

APPAREL and textile manufacturers looking to streamline their supply chains can benefit from product lifecycle management software, which can make communications and risk management processes linking suppliers and retailers more efficient and accurate.

“There’s a lot of new technology that’s been introduced in the last few years that helps manage that supply chain – everything from the finances, the logistics, quality, design, right through into merchandising,” said Robert Cammilleri, senior account executive of business development at US-based safety consulting company, UL (Underwriters Laboratories Inc).…

THE MANAGEMENT of fast fashion retail supply chains is not just about maximising speed to market, it is about flexibility too. Retailers have had to make their supply chains and decision-making sufficiently quick and flexible to cater to consumers shopping with a ‘buy now, wear now’ mentality.…

The European Union and Bangladesh concluded a new “compact” today (Monday, July 8) on addressing labour abuses in the Bangladeshi garments industry, with EU trade Commissioner Karel de Gucht warning it risks losing duty-free access to the EU market if reneges on its commitments.…

The China National Textile and Apparel Council has told just-style that it is looking to implement the government’s ‘Going Out’ strategy of external investment by shifting some production overseas to lower cost jurisdictions, especially in south-east Asia.

A spokesman from the textile and apparel council said his organisation would focus its ‘Going Out’ efforts on ASEAN (Association of Southeast Asian Nations) countries, as a tactic to keep Chinese influence over the lowest cost clothing and textile manufacturing.…

EUROPEAN Union (EU) ministers have agreed reforms to the EU’s VAT directive 2006/112/EC enabling member states to swiftly impose reversed charge VAT mechanisms to fight tax fraud. They would act when faced with a sudden onset of large-scale VAT fraud, forcing suppliers to pay the tax, rather than final consumers.…