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THE UK’s vote last Thursday (June 23) to quit the European Union (EU) creates deep uncertainty over the shape of future nuclear industry regulations in Britain. The same applies to EU market access for British nuclear fuel and component companies or exporters from the rest of the EU wanting to target British nuclear operators.…

JAPAN’S probiotic product specialist Yakult Honsha Co Ltd has told just-food that it plans to launch a production facility by 2017 on the outskirts of Myanmar’s commercial capital Yangon.

The company has already set up a subsidiary to operate Myanmar work (in 2015), where it wants to tap into growing local demand for dairy products.…

THE SINGAPORE Stock Exchange (SGX) has started negotiations with London’s Baltic Exchange, which could see Singapore Exchange Ltd obtain full ownership of The Baltic Exchange Ltd, which operates this UK-based international freight derivatives market.

The Baltic Exchange and SGX will now meet with Baltic shareholders and business partners to explain and discuss the offer.…

The boom in tourism in Myanmar has inflated local demand for international food brands, as the local branded food manufacturing base remains very limited in scope. Tourism is expected to continue to grow due to the country’s first democratically elected government coming into power last month (April).…

BANGLADESH’S knitwear makers have claimed to just-style that they are on track to establish a workers’ database by a government June 15 deadline, despite delays.

The Bangladesh Knitwear Manufacturers & Exporters Association has now refreshed its plan to electronically log an estimated 2 million workers employed at more than 2,000 factories, with details such as their employment history noted.…

THE UNITED States Trade Representative (USTR) has highlighted its continuing concern about intellectual property rights violations in the pharma sector, citing claims that 20% of medicines sold in India are fakes.

In its annual ‘Special 301 Report’, the USTR said it notes “its particular concern with the proliferation of counterfeit pharmaceuticals that are manufactured, sold, and distributed in trading partners such as Brazil, China, Guatemala, India, Indonesia, Lebanon, Peru, and Russia.”…

Pakistan’s largest multi-industry conglomerate, the Fauji Group, has launched the country’s biggest and state-of-the-art halal abattoir and meat processing and exporting unit near Port Qasim, Karachi. The Fauji Meat Ltd (FML) subsidiary-run facility, which has been fully operational since April (2016), has a daily production capacity of 100 tonnes of meat (85 tonnes of beef and 15 tonnes of mutton, according to a company note) in both frozen and chilled categories per day for worldwide export, and cost an estimated USD75 million to build.…

SHOULD the United Kingdom (UK) elect to exit the European Union (EU) in the referendum on June 23rd [CHECKED], the tax impact on Ireland would be considerable, claimed managing director at Hughes Blake, a leading chartered accountants firm in Dublin.…

Pakistan remains a source of concern to global anti-money laundering (ML) authorities even though the Financial Action Task Force (FATF), the world’s leading AML organisation, removed the country from its monitoring process last February (2015). Then, FATF cited Pakistan as having made “significant progress” in improving its AML and CFT (combating the financing of terrorism) regime.…

THE EUROPEAN Parliament is calling on the European Union (EU) to set up a watchdog to oversee transactions with virtual currencies such as Bitcoin to prevent their use to fund terrorism. The call, in a May 26 resolution, comes as the bloc goes all out to close off funding sources for terrorists, notably Islamic State (IS), following the Paris and Brussels terror attacks:

*A draft EU directive on combating terrorism – currently on the negotiating table – would make it a crime across the EU to fund terrorism directly or indirectly, including paying for fighters to travel;

*A November 2015 decision at the EU Council of Ministers for justice and home affairs ordered the establishment of a European Counter Terrorism Centre (ECTC) at Europol on January 1, to be “an enhanced central information hub” where member states car share information for operational coordination.…