Search Results for: united nations⊂mit=Search
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UK SUPREME COURT SAYS BANKS HAVE NO DUTY TO BLOCK TRANSACTIONS OVER FRAUD FEARS
Britain’s Barclays Bank has won a UK Supreme Court appeal, with justices saying that UK banks must act on all customer instructions and not be liable should a payment be fraudulent, such as being an authorised push payment fraud (APP) (1).…
BANGLADESH’S FINISHING SECTOR SPREADS WINGS
Against the backdrop of a still growing apparel manufacturing industry, with a diversifying export portfolio and a billion-dollar local apparel market, the Bangladesh textile chemical industry is thriving. Indeed, locally-owned and international companies in this south Asian outsourcing hub are increasingly setting up plants to reduce their import-dependence for finishing chemicals.…
EU/WTO ROUND UP – EU PROPOSES NEW GENETICALLY-ALTERED FOOD REGIME
The European Commission has proposed new legislation offering more flexibility to food technologists creating new foods based on altering the genetic structure of plants. A new suggested EU regulation would create streamlined controls for plants created by ‘new genetic techniques’ or NGTs, that are less rigorous than the existing assessments and restrictions undertaken for genetically modified (GM) foodstuffs.…
ASIA PACIFIC PAINT AND COATING MARKET PROJECTS GROWTH, PAINT BRAND SWITCHING ROLES TO SOLUTION PROVIDER
The bounce back from Covid-19 lockdowns to the key south-east Asian economies of Malaysia and Singapore have seen robust growth in both countries, boosting paint and coatings sales, although the Malaysian market has some fragility this year.
Economic growth in both ASEAN (Association of Southeast Asian Nations) members have been robust with data from the World Bank showing Malaysia’s GDP expanding from USD337.34 billion in 2020 to USD406.31 in 2022 (1) – its population being 33.5 million people.…
THAILAND PAINT SECTOR FACES EXPORT DECLINE BUT INDUSTRY STEADY AS ECONOMY GAINS TRACTION
The Thailand paint and coatings sector is expanding faster than general economic growth in Thailand, expanding sales as the country transitions from military-dominated to democratic rule.
This southeast Asian powerhouse economy is projected to grow GDP by 3.9% in 2023, up from 2.6% last year due to stronger-than-expected export demand from China, Europe, and the United States, according to the World Bank (1).…

THAILAND PAINT SECTOR FACES EXPORT DECLINE BUT INDUSTRY STEADY AS ECONOMY GAINS TRACTION
This southeast Asian powerhouse economy is projected to grow GDP by 3.9% in 2023, up from 2.6% last year due to stronger-than-expected export demand from China, Europe, and the United States, according to the World Bank (1).
Thailand’s ministry of commerce has maintained a targeted year-on-year growth for exports this year of 1%-2%, after a 5.5% gain in 2022 (2).…
FOR CHINA’S SPORTWEAR-MAKERS, IT’S DOMESTIC BOOM AND EXPORT DOLDRUMS
China’s sportswear brands have witnessed significant growth in sales during the Covid-19 pandemic, especially on domestic markets where consumers have embraced athleisure trends. Prominent examples include Beijing-based Li-Ning and Jinjiang-based Anta, which reported Chinese Yuan Renminbi-denominated sales growth of 14.3% (1) and 15.5% (2) respectively in 2022.…
‘STUDY IN GREECE’ VIEWS STRONGER GLOBAL ROLE AS A NATIONAL GOVERNMENT AGENCY
The establishment of Study in Greece (SiG) as a national agency supported by Greek state is the latest step in an ongoing process to unlock a world of educational possibilities and deepen international collaboration to revitalise higher education in the country.…
EU MEMBER STATES BACK TARGETING THIRD COUNTRY CIRCUMVENTION OF RUSSIAN SANCTIONS
The European Union (EU) today (June 21) struck political agreement on its 11th set of sanctions against Russia, that will – crucially – include new powers to block flows of goods to third countries, suspected of being rerouted to Russia.
Sweden, which currently holds the EU’s rotating presidency, Tweeted: “Today, the EU Ambassadors agreed on the 11th package of sanctions against Russia.…
DIGITAL PRINTING SUCCESS SET TO CONTINUE IN FOOD AND BEVERAGE LABELLING, ESPECIALLY FOR SHORT RUNS, SAY EXPERTS
Increased automation in label production will result in increased efficiencies, especially for major food and beverage companies, industry experts have told Packaging Gateway. “We see automation making real progress in the labels market and expect to see investments in the technology growing,” said Simon Mitchell, head of the British Printing Industries Federation (BPIF) Labels Special Interest Group.…