Search Results for: united nations

The Kingdom of Saudi Arabia and the United Arab Emirates (UAE) are political and economic heavy-weights in the Middle East, but while they have much in common, their anti-money laundering/combating the financing of terrorism (AML/CFT) regimes and the risks they face significantly differ, primarily due to the UAE’s greater exposure to the international financial system.…

INCREASES in minimum wage rates are likely to be of significant concern to brands sourcing from south-east Asia in 2019, with pay on an upward trajectory – although governments’ approaches vary.

For some governments in the Association of Southeast Asian Nations (ASEAN) region, raising minimum wage serves as a populist measure (for instance by Thailand’s military government, whose supporters will face an election this year), while for others, an annual review is a statutory requirement, for example, in the Philippines.…

MYANMAR is counting on investors from Taiwan to support the country with capacity building and technical assistance, including in textile and garment production, even as its trade access privileges to the European Union (EU) are under review.

Reflecting this, the Union of Myanmar Federation of Commerce and Industry (UMFCCI) and Taiwan’s Chinese National Federation of Industries have signed two memorandums of understanding facilitating technology transfers and training programmes for workers, supervisors and technical staff at factories across the country – the agreements were signed in mid-2018 and are now being implemented. …

JORDAN garment exporters maybe growing their export sales, but high costs and declining local purchases could weaken their ability to take advantage of robust growth in overseas demand, industry experts have told just-style.

Jordan’s garments exports are expected to have generated receipts of USD1.8 billion in 2018, and their value is expected to grow by at least 8% in 2019, a source at the Jordan Enterprise Development Corporation told the Jordan Times newspaper this week.…

The African Union’s African Continental Free Trade Area (AfCFTA) agreement is expected to provide a boost to Egypt’s garments industry and enable it to better compete in the global market, but logistics and Egyptian export red tape will pose a major challenge, say industry executives.…

BRITAIN was among a handful of European nations that fell down in Transparency International’s latest Corruption Perception Index, dropping out of the top-10 of the most honest jurisdictions in the 2018 rankings. The UK is now joint 11^th with Germany, dropping two points to 80 on the scale where 100 is seen as cleanest and 0 highly corrupt among experts and business people surveyed.…

AUDITORS have not received a good press in the area of combating financial fraud. Financial disasters involving fraudulent practices include the notorious collapses of Lehman Brothers and the HBOS bank. A New York attorney concluded in 2007 that “EY substantially assisted Lehman Brothers… to engage in a massive accounting fraud”.…

A TECHNOLOGY entwined with fossil fuels that, by the of 2018, boasted 43 large-scale facilities, (18 in commercial operation, five in construction and 20 in development), and which processed almost 40 million tonnes per annum (mtpa) of CO2, is clearly more than a passing fad.…

THE EUROPEAN and global energy landscape is changing fast – and the biggest winners are renewable energies, Dr Fatih Birol, executive director of the International Energy Agency (IEA), has argued – even as green subsidies decline. Dr Birol told the November 27 Brussels launch of the ‘World Energy Outlook 2018’ report.…

Considerable investments continue to be made in Italy’s beauty and personal care market continue despite this being a stagnant market, according to sector-specific and general economic data and forecasts,

Despite this, global retailers in the beauty and personal care (BPC) industry continue to eye up what remains one of continental Europe’s largest domestic BPC markets, knowing that consumer demand remains solid, even if not growing.…