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SINGAPORE ADOPTS WHOLE-GOVERNMENT APPROACH TO FIGHT MONEY LAUNDERING
IT is no surprise that Singapore has a significant exposure to money laundering and terrorist finance. It is one of the world’s largest financial centres, a major free-trade hub and has neighbours where corruption and Islamic extremist insurgent groups remain are real threats.…
ECHA WARNS BRITISH FINISHING COMPANIES OF MAJOR TRADING RULE CHANGES FOLLOWING BREXIT
THE EUROPEAN Chemicals Agency (ECHA) has warned of the major impact on British finishing chemical companies and their trading partners in Europe, should the UK push ahead with quitting the European Union (EU) as planned, on March 29, 2019.
It has released a database seeking to advise chemical producers of how their legal obligations will change.…
HOW KNIT CONCERN IS CEMENTING BANGLADESH’S DIGITAL FUTURE
AFTER introducing digital printing and leading Bangladesh’s knitwear sector by example, the country’s knitting major, the Knit Concern Group, has said it will ramp up its capacity to digitally print 1 million metres of fabric monthly by 2022. Presently, the knitter, based in Narayanganj, near Dhaka, can digitally print 260,000 metres of fabric a month.…
PERSONAL CARE PRODUCT SECTOR GETS AHEAD OF PARIS AGREEMENT CLIMATE DEMANDS, DESPITE TRUMP WITHDRAWAL
Multinationals and suppliers in the personal care product sector are unilaterally implementing measures to reduce their carbon footprint in the wake of the 2015 Paris climate treaty, taking steps to reduce energy use, their impact on forests and cutting water use and pollution.…
EU/JAPAN EPA WILL BOOST EU DAIRY INDUSTRY, SAY EXPERTS, BUT JAPANESE PRODUCERS ARE WORRIED
THE EUROPEAN Union (EU) planned trade deal with Japan – its sixth most important trading partner – struck in principle at the July 6 EU-Japan Summit in Brussels and set to be operational in 2019, will benefit the EU dairy industry greatly, experts say.…
VEGAN MAKEUP BECOMING MAINSTREAM IN THE UAE
THE UNITED Arab Emirates (UAE) has long been a fertile ground for colour cosmetics brands thanks to its large young population (its median age is just over 30) and the presence of image conscious consumers. Despite the pressure of rising costs and fierce competition among brands, the country’s colour cosmetics market experienced moderate growth in 2017 compared to 2016, increasing an estimated 4% in value terms to reach Emirati Dirham AED1.1 billion (USD299.4 million), according to market researcher Euromonitor International.…
EGYPT – YOUNG CONSUMER BASE KEEPS COSMETICS SAKES VIBRANT AMIDST WEAK ECONOMY AND STIFLING RED TAPE
The Egyptian Pounds EGP1.6 billion (USD90.5 million) Egyptian colour cosmetics market has had steady growth over the past year despite the downturn in the economy, the depreciation of the Egyptian pound and some serious regulatory challenges.
According to market researcher Euromonitor International, in 2016, this market grew by 18% in value terms, year-on-year, mainly influenced by the positive performance of lip care products, primarily lipsticks.…
JIGNESH SANGHVI – AWARD WINNING GOVERNMENT CFO OF THE UAE’S LARGEST FREE ZONE
IT is a spectacular sight from the top of Dubai’s 68-storey Almas Tower, with the sea on one side and the massive development of Jumeirah Lake Towers (JLT) on the other. For Jignesh Sanghvi, chief financial officer of the Dubai Multi Commodities Centre (DMCC), the panoramic views from the skyscraper are a constant reminder of the magnitude of development the government-sponsored free zone has witnessed over the years.…
ROYAL SEAL OF APPROVAL FOR AUTHENTIC THAI SILK TRADITIONS TO BE UPHELD TO BOOST ECONOMY
THE PRODUCTION of Thai silk is rising fast as demand for this luxury fabric increases worldwide. Thailand is the fourth largest producer of silk in the world, having produced 202,073 tonnes in 2015, as reported by the International Sericultural Commission. Thai silk output has increased from 2011’s 130, 286 tonnes; rising to 2012’s 152,910 tonnes; 159,737 tonnes in 2013; and 178,058 tonnes in 2014.…
BRAZILIAN NANOTECHNOLOGY PROGRESS HELPS BUILD TEXTILE SECTOR REVENUES
BRAZIL may be the source of just 1.6% of all nanotechnology research papers across the world according to UNESCO (the United Nations Educational, Scientific and Cultural Organisation), but it remains a leader among its Latin American neighbours due to its National Nanotechnology Programme.…