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THE HUMAN resources sector has been urged to put pressure on governments and investment fund managers in Asia to strengthen pension provisions as they deal with the consequences of rapidly aging populations.

And HR and economics experts have warned that corporate HR teams have a critical role to play in educating the workforce about the extent, however limited, of their pension provision and working with company bosses to strengthen policies within their organisations to compensate for the lack of robust schemes in existence.…

Ethiopia airlines, the largest cargo carrier in Africa, is close to completing its cargo terminal expansion as part of a major infrastructure upgrade at Addis Ababa Bole International Airport, serving the Ethiopian capital.

Ethiopian Airlines, with its fleet of two Boeing 757Fs and six Boeing 777Fs, requested the new facility to accommodate increased volume growth and transit traffic.…

While South Korea has not yet ratified the UN’s Paris Agreement dealing with greenhouse gas emissions, its important automobile industry has been making serious commitments to green practices, including the transition from solvent-based to waterborne coatings.

According to New Jersey, US-based coatings consulting firm Kusumgar, Nerlfi & Growney, the South Korean passenger car and light vehicle coating market involved supplies of 60,000 tonnes in 2016, and these are becoming increasingly environment-friendly: about one-quarter of basecoats sold are now waterborne.…

THE PLANNED introduction of mandatory audit firm rotation (MAFR) by the South African Independent Regulatory Board for Auditors (IRBA) has sparked widespread dissention within the country’s business and accounting communities This is despite that the reform’s goal is to strengthen auditor independence and audit quality and that there are some calls for the move to be brought forward from the current introduction date of April 1, 2023.…

The old guard of the United States apparel and footwear industries better wise up to changes occurring all along the supply chain if they want to see their companies survive, the head of a leading Asian research center told a room of industry representatives in New York.…

Securities Commission Malaysia (SC) has released a new Malaysian Code on Corporate Governance (MCCG). This revised guidance encourages the development of corporate governance culture, not just within listed companies, but also state-owned enterprises, small-and-medium sized enterprises (SMEs) and licensed intermediaries. This code includes 36 practices to support strong board leadership; effective audit, risk management, and internal controls; and solid corporate reporting.…

THE INDONESIAN government must do better in controlling illegal imports of textile and textile products, Anies Soengkar, chairman of the Indonesian Textile Association (API – Asosiasi Pertekstilan Indonesia) branch Pekalongan, Central Java told WTiN.com.

This representative of a key textile production zone in Indonesia said that illicit imports are entering the country for distribution by door-to-door delivery networks.…

GOVERNMENTS in east Africa may have been passing legislation and regulation to control the tobacco sector, but these laws’ effectiveness is being weakened by lax implementation.

Kenya has been leading the local pack with controls, in 2007 enacted its first Tobacco Control Act, and in 2014 ratifying the World Health Organization Framework Convention on Tobacco Control (WHO-FCTC).…

A case detected last May (2015) at Lisbon international airport, Portugal, says much for the worrying scale of the laundering of illicit funds from Europe into mainland China. A nondescript Chinese couple travelling from Lisbon to Shanghai via the United Arab Emirates’ (UAE) Dubai was stopped carrying more than EUR1 million in large denomination notes found elaborately wrapped in ‘danger, chemicals’ packaging within packets marked ‘FRAGILE’.…

Japanese food giant Nissin Food Holdings is to start manufacturing potato crisps at its China factory, aiming to leverage the popularity of its instant noodles range to score sales in this snacks segment.

The Osaka-based company already operates an instant noodles production facility in the southern province of Guangdong and is installing a new potato crisp line.…