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The 2016 outlook for the US paints and coatings industry remains positive, with experts predicting growth thanks to a resilient US economy, a strong performance by the manufacturing industry, and notable new trade agreements.

According to IBISWorld, a global market research company, the US paints and coatings industry bounced back quickly from the financial economic crisis beginning in 2008.…

THE UNITED Arab Emirates’ (UAE) fragrance retail market (unisex and those targeted at female and male consumers) experienced healthy growth in 2015 compared to 2014, increasing 8% in value terms to reach Emirati Dirham AED2.23 billion (USD607.2 million), according to market researchers Euromonitor International.…

CAPITAL markets and their traders within Malaysia may be forced to forge defences against cyber-crime amidst growing concern that hackers could damage the country’s financial services. The Securities Commission Malaysia (SC) is seeking comments from accountants and other financial specialists about planned regulations saying capital market participants should have cyber-security programmes and policies, including contingency plans for dealing with associated risks.…

China’s leaders are fond of aphorisms and extended metaphors, the pithier the better. Witness Mao Zedong’s ‘Hundred Flowers’ movement in 1956, which encouraged citizens to express their criticism of the communist party, and Deng Xiaoping’s much-quoted ‘To Get Rich is Glorious’.…

A group of non-governmental organisations (NGOs) is calling on the Organisation for Economic Cooperation & Development (OECD) to draw up global standards for deferred prosecution agreements (DPAs) based on best practice. Corruption Watch UK, Global Witness, Transparency International and the United Nations Convention against Corruption Coalition warn in a letter to OECD secretary general Angel Gurría that their current use to resolve 69% of foreign bribery cases may not offer the “effective, proportionate and dissuasive” sanctions the Convention requires.…

Regardless of the debate about whether China is losing its shine as a clothing source, brands will always be looking for a competitive edge in new manufacturing hubs.

Myanmar’s low wage garments sector, for instance, is poised for rapid growth. The country’s first democratically elected government in 50 years is set to assume power in April and several reforms have already been made to bolster the country’s appeal as a sourcing destination for international clothing brands.…

Experts predict artificial intelligence-based technology may underpin anti-money laundering (AML) measures within the next decade. With artificial intelligence (AI), or cognitive computing, services already providing significant applications in the financial crime prevention industry, several companies have begun developing and commercialising AI-based technology for AML.…

AT a time when the world is regularly sickened by the web-cast beheadings and civilian bombings by Islamic State (IS), it is perhaps hard to recall when Lebanon Shia militant Hizbullah group was regarded as maybe the world’s most notorious international terror group.…

THE ONGOING legalisation of marijuana in the United States and Canada offers the tobacco industry some significant opportunities. This includes both increased consumption and also investment in tobacco sector suppliers such as vaporiser manufacturers.

As of this March, the US states of Colombia, Washington and Alaska had also legalised recreational use of marijuana and Oregon is well on its way to full legalisation.…

The Islamic Republic of Iran has had to deal with financial sanctions imposed by the United States following the revolution in 1979, and then ramped up during the Bill Clinton and George W Bush administrations. But it was the multilateral financial sanctions imposed by United Nations Security Council resolutions (UNSCRs) and the European Union (EU) from 2007 onwards, and particularly in 2011, that hit Iran even harder, further narrowing an already limited window to operate financially in international terms.…