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ASIAN PAINT AND COATING REGULATORY ROUNDUP - INDONESIAN INITIATIVE FOCUSES ON REMOVING LEAD FROM PAINTS



Indonesia’s industry ministry launched an initiative in February (2020) aimed at eliminating lead used in paint made and sold in the country. It involves the Indonesian paint industry, is part of the United Nations Environment Programme’s (UNEP) Strategic Approach to International Chemicals Management (SAICM) project and is funded by the Global Environment Facility (GEF), an international investment body.…

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AFRICA’S CIVIL AVIATION SECTOR GROWS, BUT FACES CHALLENGES TO BUILD SUSTAINABLE REGIONAL MARKET



AFRICA is commonly hailed as the world’s next big focus of economic growth, but for the civil aviation industry, this prospect will require significant investment in new intra-African routes and related airport and ATC infrastructure. It will also require governments to remove immigration barriers preventing African air travellers flying to other countries on their home continent.…

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INDIA: BANKNOTES FOR VOTES CORRUPTS BUSINESS ENVIRONMENT

INDIAN authorities have seized more than US$120 million worth of unaccounted cash during the six-week long general election that concluded in May. Law enforcers have warned that this could be for vote buying, making a future government susceptible to corruption, promoting graft in business. Raghavendra Verma reports from New Delhi.

AS the afternoon heat ebbs in the middle of this Indian summer, a police team block a major highway outside the city of Nashik, in the western state of Maharashtra, rolling in wheeled yellow-coloured barricades. Soon a traffic jam builds up and policemen move from one car to another in search for cash, often hidden in door cavities or spare wheels.With…

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GULF REGION BEAUTY CONSUMERS ON THE LOOKOUT FOR AFFORDABLE LUXURY WHILE LEVANT MARKETS STRUGGLE



In a market long dominated by well-established players, the success of ‘masstige’ beauty brands, which combine elements of mass and luxury products, is creating fierce competition in the Gulf Cooperation Council (GCC) region. Consumers in the United Arab Emirates (UAE), Saudi Arabia, Qatar, Kuwait, Bahrain and Oman looking for skincare and cosmetics are increasingly shopping from South Korean brands such as Etude House, which opened a branch in Dubai Mall in 2018 and is known for its quirky kitsch products, and The Face Shop, which arrived in Dubai in 2008 and recently renovated its four concept stores in the city.…

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NORTH AFRICA’S HOME-GROWN BEAUTY BUSINESSES CHALLENGE MAJORS FOR MARKET SHARE



NORTH Africa is a region where care for appearance, grooming and personal hygiene is integral to its cultural DNA, so while personal care product majors have a strong presence, it is maybe no surprise that local beauty manufacturers continue to bubble up with fresh ideas and products that capture the imagination of consumers.…

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GERMANY’S PERSONAL CARE PRODUCT SECTOR’S INCREASING WELLNESS ORIENTATION IS UNDERPINNING FUTURE GROWTH



 

THE GERMAN personal care products market turned out to be an “element of stability” in an otherwise sluggish economy in 2019, according to the country’s cosmetics industry association Industrieverband Köperpflege- und Waschmittel (IKW). German consumers spent EUR14.04 billion (USD15.55 billion) on personal care products, including shampoo and decorative cosmetics in the past year, 1.8% more than in 2018.…

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SAUDI PAINT SECTOR AWAITS POTENTIAL FUTURE GROWTH FROM GOVERNMENT-BACKED DEVELOPMENT MEGA-PROJECTS



THE SAUDI Arabian paint industry’s output grew comparatively slowly in 2019 according to some market data but is expected to experience more robust growth over the next few years as the government invests heavily in new development projects and infrastructure. India-based market researcher Mordor Intelligence said that the Saudi Arabia paints and coatings market generated USD1.164 billion in sales last year (2019), up from USD 1.142 billion in 2018 and USD1.120 in 2017.…

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AML AI FACING RFEGULATORY APPROVAL PROBLEMS. BUT IF THESE ARE OVERCOME, THE TECHNOLOGY COULD BECOME WIDESPREAD



Artificial Intelligence (AI) and machine learning are being touted as game-changing solutions to improve the detection of financial crimes, including AML/CFT, but despite some promising results there are obstacles to roll-out, not least regulators’ ability to green-light new technologies as well as effectively utilise the data they produce.…

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AIRBUS HIT WITH EUR3.6 BILLION IN COMBINED UK, US AND FRENCH FINES



Airbus is to pay out EUR3.6 billion (USD4 billion) under a trio of deferred prosecution agreements (DPAs) with British, French and United States authorities that were simultaneously agreed by national courts January 31 as part of a global resolution over bribes to clinch civil and military aircraft sales.…

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MIDDLE EAST DAIRY MARKET GROWS AND BECOMES MORE SOPHISTICATED AND PRODUCERS MUST RESPOND, CONFERENCE TOLD



WITH Middle East dairy sales expanding steadily, dairy suppliers from around the world are targeting its consumers, hoping to gain a foothold in an increasingly diverse marketplace that is often open to innovation.

Dairy Industries International attended the 4th Global Dairy Innovation Congress MENA 2020, held in Dubai, the United Arab Emirates (UAE), from January 20-21, where participants were encouraged by sales projections as from market researcher Euromonitor International that the Middle East (and Africa) dairy market should expand at a compound annual growth rate (CAGR) of more than 3% between 2019 and 2023.…

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