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HUNGARY continues to be an attractive market for tobacco majors, with its populist government seemingly determined to fight the European Union (EU) for the right to keep excise duties below EU mandated  minimums, and the fact that, according to the OECD Country Health Profile 2019 official data (https://read.oecd-ilibrary.org/social-issues-migration-health/hungary-country-health-profile-2019_4b7ba48c-en#page1…

EAST Asia’s auto-making hubs may have been making a better fist of dealing with the Covid-19 crisis than manufacturing centres in Europe and north America, but the pandemic has been harming the industry in the region.

Government responses have varied, however, with no major scrappage packages being announced.…

AUSTRALIA’S existing regulatory framework for importing and manufacturing industrial chemicals, the National Industrial Chemicals Notification and Assessment Scheme (NICNAS) will be replaced by a new system called the Australian Industrial Chemicals Introduction Scheme (AICIS), starting July 1. The AICIS covers a broad range of chemicals and polymers used in adhesives, paints and solvents among many others. …

New aspiring entrants to the AML/CFT and other compliance sectors will be hard hit regarding available jobs and related pay and conditions by the ongoing Covid-19 pandemic, according to international recruitment agency Randstad. Its Hong Kong director banking and financial services Rick Chung warned: “Similar to what we have witnessed during the global financial crisis, it will be challenging for fresh graduates to secure jobs during these extraordinary times.”…

WHEN a crisis such as the Covid-19 pandemic hits a supply chain as complex as the clothing sector, financing problems can gum up commercial relationships, so in the short term, governments, along with regional and international organisations, need to step in.…

IF there was a sub-Saharan African country expected to steer a middle course between World Health Organisation (WHO) demands on smoking and protecting a stable and prosperous tobacco industry and market, it would surely be relatively wealthy Botswana – with an average per capital income in 2018 USD7,750.…

In the seven years since the International Olympic Committee (IOC) announced that Tokyo would be the host city of the summer Olympic Games and the Paralympics in the summer of 2020, companies in the paint and coatings sector have enjoyed a steady uptick in demand for products linked to the construction of venues and facilities for the Games, as well as for connected infrastructure, such as new hotels and transport facilities. …

QUANTUM computers are now being developed that may offer accounting practices computing power to strengthen audits, but which also pose some serious cybersecurity concerns.

After decades of theorising, quantum computing is here. Google last October (2019) announced it had developed a device which it claimed took 200 seconds to sample data showing how a quantum computer works one million times (1), a task it claimed would take a standard digital super-computer 10,000 years.…

With low labour costs and stable local demand, Ukraine has long been one of the favoured bases for major tobacco companies. However, even without taking into account before the disruption caused by the Covid-19 crisis, the market has been in flux in recent months as the new Ukrainian government has made efforts to change tobacco taxation while ramping up its fight against tobacco smuggling.…

• 1MDB SCANDAL IN MALAYSIA SEES USD BILLIONS STOLEN AND HIDDEN

Malaysia 1MDB scandal is one of the largest money laundering cases ever, worldwide, with Malaysian courts considering charges over how at least USD4.5 billion was stolen and then spent or laundered from Malaysian sovereign wealth fund 1Malaysia Development Berhad by former Prime Minister Najib Razak and his associates.…