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Malaysia’s finance ministry has released a comprehensive plan to boost the strength of the accountancy profession in the country. Drafted by a special committee to strengthen the accountancy profession (CSAP), the policy is designed to ensure Malaysia has sufficient numbers of professional accountants and reform the profession’s governance.…

BEEF producers in Uruguay are emerging as the most progressive and successful in Latin America with a universal system for electronically tracking cattle and a continued surge in exports.

The country’s accumulated exports of beef products for 2014 (up to December 6) reached 229,907 tonnes – an increase of 5,750 tonnes compared to the same period in 2013, according to the National Meat Institute (Instituto Nacional de Carnes – INAC), which monitors and promotes the meat industry.…

US meat exporters are to launch inexpensive cuts of American corn-fed beef in the Taiwanese market, with demand for premium products being depressed by soaring prices for American beef, accompanied by lacklustre consumer spending power on the island. The US Meat Export Federation (USMEF) recently partnered with a Taipei five-star hotel to promote plate fingers, petite tenders, and clod hearts, which with prices between Taiwan New Dollars TWD250 (USD7.91) to TWD550 (USD17.41) per kilogramme would roughly cost half the price of the currently popular rib eye, fillet, and boneless ribs.…

CHINA’S huge cosmetics market remains a battleground for the world’s multinational personal care product players and they are still more than holding their own against local manufacturers and brands, especially in higher end segments.

The country’s overall cosmetics and personal care product market was worth Chinese Yuan Renminbi CNY274 billion (USD44 billion) in 2013, according to data provided by market analysts Euromonitor International.…

The Japan Dairy Association has welcomed a combined Japan government and dairy industry move to tackle a national butter shortage ahead of the Christmas and New Year holiday period. Megmilk Snow Brand Co, Meiji C, Morinaga Milk Industry Co, and Yotsuba Milk Products Co – Japan’s four major domestic dairy companies – are cutting back on drinking milk and cream production to make more butter.…

ADAPTIVE licensing methods such as that proposed by the European Medicines Agency (EMA) are indeed useful in the development of medicines for rare diseases, Martin Andrews, the senior vice-president at GSK Rare Diseases, has told the World Orphan Drugs Congress 2014.…

The Middle East and North African nonwovens sector is in flux. At the same time as extra capacity has come online, regional demand has been affected by political instability, forcing manufacturers to focus on exports and diversify their offerings.

“It is showing clearly now that the Arab Spring and political consequences have definitely delayed investment decisions by potential customers.…

The mainland Chinese bathroom product market has in 2013 grown in value and volume at healthy year-on-year rates of 12.8% and 8.6% to USD2.7 billion and 3.06 billion units respectively. Canadean, the market research company producing these figures, attributes growing per capita consumption to rising incomes as well as the increased availability of products.…

Consumers in Japan are notoriously fickle and constantly in search of the next greatest product – and in a nation that takes its food very seriously, that applies doubly to the confectionery sector.

Sales of ice cream have been strong in recent years and continue to grow, although chocolate confectionery sales came to Japanese Yen JPY342 billion (USD2.95 billion) in the calendar year 2013, a minor contraction on the previous year – blamed on poor weather during the traditionally busy summer months.…

DOCUMENTS obtained by Confectionery Production from the European Union (EU) indicate that Ukraine has lost up to USD126 million’s worth of confectionery export sales to Russia this year, because of Russian trade restrictions.
EU briefing papers note that Ukraine has been complaining to the World Trade Organisation (WTO) since October 2013 about alleged “unjustified barriers to trade caused by the measures of the Russian Federation, in particular, on Ukrainian confectionery products.”…