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THE UNITED Arab Emirates (UAE) may hold an enviable portion of the world’s oil and gas reserves, at 4% and 3.5% respectively. But this has not stopped the country diversifying its long-term energy sources through developing nuclear power. With generation imminent, nuclear energy regulators and companies are watching closely how this rare event – a country embarking on a new civilian nuclear programme – rolls out.…

AMERICAN and European regulators are forcing Swedish telecoms firm Telia and its Uzbek subsidiary Coscom together to pay out USD965,773,949 in penalties worldwide for corrupt payments made in Uzbekistan. The payout includes USD548.6 million for breaching the United States Foreign Corrupt Practices Act (FCPA), with the rest linked to proceedings by Dutch and Swedish prosecutors, the Openbaar Ministerie and Åklagarmyndigheten respectively.…

IN a cutting-edge area of the textile sector such as digital manufacturing, planning and distribution, it is always helpful to know what the gold standard is for performance. But with technologies still developing and innovation taking hardware and software in directions that are untested – with implications that are as yet unknown – companies may not want to follow the crowd.…

The European Union (EU) has become the largest importer of Myanmar garments, purchasing almost as much from the country in 2016 as the next two largest destinations combined, according to United Nations trade data.

“It’s been quite a swift development, but we had to work hard to earn it,” said Khine Khine Nwe, general secretary of the Myanmar Garment Manufacturers Association, noting that the EU was the third largest buyer in 2014 and second in 2015.…

A FEDERAL US government review has been ordered into the potential link between talc and ovarian cancer following “the continuing influx of adverse event reports”, as the minerals and cosmetics sector considers implications of a high-profile ruling over the issue. A jury in the Los Angeles Superior Court ordered personal care product manufacturers Johnson & Johnson to pay USD417 million to Eva Echeverria who claimed she developed the disease after using their talc-based products for feminine hygiene purposes.…

THE IMPOVERISHED south-east Asian kingdom of Cambodia shares porous borders with the significantly more dynamic economies of Thailand and Vietnam, is notorious for corruption, has a large casino sector and generates significant earnings from illegal exports.

This precarious mixture of factors has since 2012 consecutively earned Cambodia a spot in the Basel Anti-Money Laundering (AML) Index (from the Basel Institute on Governance) top-10 risk jurisdictions for money laundering.…

MOST of East Asia’s dynamic economies have traditionally relied on expats and there are no readily discernible signs that this is decreasing.

In Vietnam, which has been benefitting from production lines migrating from China amid rapidly rising labour and land costs there, increasing the number of expats six-fold since 2004 to almost 100,000 in 2016, the shortage of engineers and managers can be seen throughout most sectors.…

A MAJOR international anti-counterfeiting action ‘Operation Renegade’ did not just seize more than 70,000 counterfeit auto spare parts, oil and air filters, grills, and fuel pumps, and nearly 600 cylinders of chlorofluorocarbon (CFC) refrigerants, it yielded valuable anti-smuggling and counterfeiting information.…

JAPAN’S paint and coatings sector is putting on a positive face and playing up overseas expansion efforts, as well as its traditional strength in innovation, but analysts are concerned about the longer-term outlook for domestic companies.

Sales of paint in Japan came to Japanese Yen JPY 675 billion (USD6.10 billion) in 2016, a marginal increase of around 1% on the previous year’s figure, according to the Japan Paint Manufacturers Association.…

CONFECTIONARY manufacturers in India are having to grapple with their products and ingredients attracting a wide range of tax rates under the country’s new goods and services tax (GST), which started to be levied from July 1.

India’s GST Council, a body representing the central and state governments, has been deciding which goods will be covered by the zero, 5%, 12%, 18% and 28% tax rates allowed under India’s GST legislation. …