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THE FUTURE of Indonesia’s textile and garment industry could be bright, but it companies must deal with the challenges of high energy costs and competition from regional neighbours to succeed, said Ade Sudrajat the chairman of the Indonesian Textile Association (API – Asosiasi Pertekstilan Indonesia).…

International activity to understand and potentially extract natural gas from methane hydrates has intensified since 2010 with the continuation and launch of new research and development (R&D) projects and field production tests offshore and onshore, as shown in a new overview by Carolyn D Ruppel, chief of the gas hydrates project at the United States Geological Survey (USGS).(1)…

Despite the rise in alternatives, notably prepaid cards and cryptocurrencies, such as Bitcoin, cash remains the instrument of choice for the world’s money launderers, say anti-money laundering experts.

Indeed, they say that a July 2015 report from European police agency Europol ‘Why is cash still king?’…

ARTIFICIAL intelligence (AI)-led candidate screening or simply put, automated recruitment is ready to take off in east and south-east Asia. However, a key challenge in the process is making automated interactions valuable and engaging enough for candidates – so that “they don’t feel like they are talking to a dumb machine,” an industry expert said.…

UK Prime Minister Theresa May has signalled that the British government wants to seek associate membership of the European Chemicals Agency (ECHA) if the country quits the European Union (EU), as planned, on March 29, 2019. In a speech at the Mansion House, London the PM said: “We would, of course, accept that this would mean abiding by the rules of [EASA] and making an appropriate financial contribution.”…

FACED with its anti-money laundering and combating the financing of terrorism (AML/CFT) backlisting and a big USA fine of a major Taiwan bank, this island country has introduced AML/CFT reforms. Whether it has done enough will be assessed later this year when the Asia/Pacific Group on Money Laundering (APG), of which the island is a member – as Chinese Taipei, a nod to China’s insistence that Taiwan not be treated as an independent country – undertakes a third round of APG mutual evaluations.…

A new set of privacy-focused cryptocurrencies could offer criminals an opportunity to conduct illicit financial activities and evade anti-money laundering (AML) protocols, aided by an undeveloped patchwork of fragmented systems of regulation.

AML industry analysts have warned that urgent international action is required to curb cryptocurrency ML, with criminals increasingly switching funds between cryptocurrencies offering anonymity features, hindering the detection and identification of users.…

AUSTRALIA may have been strengthening its anti-money laundering (AML) systems, but an admission last year (2017) by the country’s biggest bank, the Commonwealth Bank of Australia (CBA), about AML failures was a clear reminder that reforms are still needed. The Commonwealth Bank admitted that it had breached Australian AML laws 53,700 times.…

INVESTORS at this year’s Prospectors & Developers Association of Canada (PDAC) convention have been voicing concerns that the supply of key minerals used to make batteries may not be able to keep pace with demand.

At an investors forum dealing with energy materials and technologies, a series of graphite, cobalt and manganese miners highlighted the increasing demand for the minerals, and the lack of sufficient supplies to meet future expectations.…

WHILE United States President Donald Trump’s imposition of import tariffs of 25% on steel and 10% on aluminium on March 8 included a waiver for Canadian and Mexican exporters, his administration continues to stress this relief could be temporary.

In the March 8 presidential proclamation imposing the steel duties, Trump stressed “ongoing discussions with these countries” alongside his decision “to exempt steel articles imports from these countries from the tariff, at least at this time”. …