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THE RESPONSIBILITIES of Singapore accountants to report suspicions that their clients maybe involved in money laundering or terrorist finance have become tougher since November 1. New guidelines released by the Institute of Singapore Chartered Accountants (ISCA) have strengthened requirements for accounting firms to establish anti-money laundering (AML) and combating the financing of terrorism (CFT) controls.…

AROUND 140 billion cubic metres of associated natural gas from oil production is still burned off annually, according to World Bank analysis of satellite images from the United States’ (US) National Oceanic and Atmospheric Administration.
Flares light up the night sky in regions such as the Arabian Desert and America’s Bakken formation in North Dakota, where shale oil production is booming.…

A FREE trade deal struck between the European Union (EU) and Ecuador should benefit European auto manufacturers with increased market access in Ecuador, the European Automobile Manufacturers Association (ACEA) has told wardsauto. In a statement, ACEA welcomed the inclusion of Ecuador into the Andean free trade agreement previously concluded by the EU with Peru and Colombia.…

AUTOMOTIVE dealers in east Africa have welcomed a comprehensive trade deal, finalised earlier this month (Thursday Oct 16), between the European Union (EU) and the East African Community (EAC) as demand in EAC countries grows for European vehicles.

The deal is designed to boost trade, including automobiles and parts, between the two regions.…

United Kingdom commercial insurance brokers are still struggling to assess and manage anti-bribery and corruption (ABC) risk, a review by the national industry watchdog has found.
More than half of 10 intermediaries surveyed by the UK Financial Conduct
Authority (FCA) over eight months to June 2014 had taken some steps to assess and manage such risks.…

One of the biggest expanding markets for cosmetics and personal care products is sub-Saharan Africa. A key exporter to the region, L’Oréal has estimated that the overall African beauty and personal care market generated EUR6.93 billion (USD8.61 billion) in 2012, growing at between 8% and 10% annually, compared to a global market growth rate near 4%.…

INNOVATIONS in bottles and jar manufacture, from using waste food as feedstock to creating gas bubbles in traditional materials to lighten packages and reduce material inputs, are helping personal care product companies reduce costs and their environmental footprint simultaneously.

And where companies are really smart, they can use these innovations to improve aesthetics, and add functionality features.…

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.…

Oil and gas companies are facing increasing risks related to corruption. However, there are numerous ways in which a business in the sector can avoid being exposed to graft. And new laws are tackling such problems more effectively. Jonathan Dyson reports.…