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In nearly three decades of public service in politics and accounting, Bermuda’s Patricia Gordon-Pamplin, FCCA, has earned a reputation as a warrior for fairness and good governance.

“I got actively involved in politics to fight a cause,” she says. “My personal approach to life is if you have the ability to do something you have the responsibility to do it.…

The economic crisis, anti-smoking legislation, increased product taxation and new tax regimes for producers are taking their toll on the Greek manufactured tobacco market.

A surge in cigarette prices has depressed cigarette sales and increased fine cut tobacco sales, according to market researchers Euromonitor International.…

WITH tobacco being a key driver of Zambia’s agriculture sector and a past reliable source of export earnings, a recent decline in leaf production has taken a heavy toll on this southern African country’s economy. Indeed, Zambia saw its agricultural foreign exchange earnings (of all farm-based products) fall by USD100 million in 2017, according to Zambia’s agriculture ministry.…

THE GLOBAL speciality chemical market has been showing steady gains over the past few years and is set to continue in its growth trajectory, according to latest data. According to data from Pune, India-based global research company Allied Market Research, the global industry was worth USD175.4 billion in 2014 and has since shown promising growth to USD184 billion in 2015, USD193 billion in 2016 and USD202.5 billion in 2017.…

EXPANSION within the paint and coatings industry and market in the United States managed to outpace the US economy in 2017, growing at about 3% in volume (regarding production) and over 3.3% in value (sales), ahead of the most recently recorded GDP growth rate of 2.6% as of Q4 of 2017.…

THE GULF paint and coatings market has had another year of stagnant growth, with sales impacted by stalled infrastructure projects, government policies and regional turbulence. Sales in 2017 were further impacted by the economic siege of Qatar, now into its seventh month, by its Gulf Cooperation Council (GCC) neighbours Saudi Arabia, the United Arab Emirates (UAE), and Bahrain.…

THE NONWOVENS market in the Middle East and Africa (MEA) is increasingly important to the global nonwovens industry, with rising consumer demand being generated by middle classes that are growing in size. Countries in the region are also comparatively young, with high birth rates, boosting demand for diapers and wipes.…

A SENIOR UK-based think tank has made detailed proposals to ensure Britain’s booming money services business (MSB) sector is better protected from abuse by money launderers and terrorist financers.

The Centre for Financial Crime and Security Studies, of the Royal United Services Institute (RUSI) highlighted National Crime Agency (NCA) claims that the 2,000 non-bank money remitters, currency exchange or cheque-cashing services registered in the UK help launder GBP1.5 billion (USD2 billion) of criminal proceeds annually.…

WITH full supply chains and innovative products, Thailand’s knitwear industry is thriving, making the country a nucleus for fashion manufacturing in the Association of Southeast Asian Nations (ASEAN) region. Thai Garment Manufacturers Association (TGMA) executive director Chartchai Singhadeja said: “Thailand’s strength lies in our full-value supply chains, starting from fibres to yarns and fabrics, then apparel and clothing within the fashion industry.”…

THE EUROPEAN Union’s (EU) financial watchdog, the Court of Auditors, has highlighted concerns about how Chinese knitwear exporters maybe exploiting loopholes in EU customs and VAT controls to evade paying proper amounts of these taxes.

In a report on shortcomings in EU import procedures, the court noted how Chinese traders were abusing EU customs procedure CP42, which allows an importer to bring goods into one EU member state without paying VAT, because they will be sold in another EU country.…