Search Results for: Portuguese

Three out of four people polled for a European Parliament-commissioned survey have said they wanted the European Union (EU) to do more to tackle tax fraud. Asked whether they would like the EU to intervene less than at present or more in “the fight against tax fraud” 75% said more, 14% said they wanted no change, 5% less and 6% answered they did not know.…

FOOD and drink manufacturers based in Britain face a risk that their exports to the European Union (EU) will attract duties now the UK government has confirmed it will push ahead with leaving the EU following the June 23 Brexit referendum result.…

The Philippines has been standing accused of passively aiding money launderers and terrorist financers ever since its Anti-Money Laundering Act in 2001 exempted local casinos from the duty of submitting suspicious transaction reports on their operations.. But pressures to revise that decision have been growing markedly since earlier this year Chinese cyber hackers managed to launder USD81 million through banks and casinos in Manila, with only approximately USD6 million of the booty recovered so far.…

Back in March 2014, a Hong Kong businessman named Joseph Lau Luen-hung was sentenced in absentia to five years and three months in prison by Macau’s Court of First Instance.

Lau had been found guilty, along with along with fellow businessman Steven Lo Kit-sing, of money laundering and paying a Hong Kong dollars HKD20 million (USD2.5 million) bribe to Macau’s former secretary of public works, Ao Man Long, who is himself serving a 27-year jail term (for bribery charges).…

AFTER a difficult few years brought about by a global economic recession, Portugal’s footwear and clothing industries is growing and underpinning the country’s business recovery.
Last year (2014) the country’s shoe exports hit a record high of around 89 million pairs sold overseas, bringing in EUR1.8 billion (USD2.06 billion) in receipts according to the Portuguese Association of Industrial Footwear, Accessories, Leather Goods and Substitutes (APICCAPS), helping a country still recovering from crippling government austerity measures.…

ADDITIONAL pressure is being placed on Macao anti-money laundering (AML) authorities to reduce the illicit flow of money between the Chinese special administrative region (SAR) and mainland China. This month (February 2015), officials from mainland China’s ministry of public security (effectively the police force) have this month been meeting Monetary Authority of Macao (AMCM) officials to set up a system that monitors transactions through UnionPay (China’s state-owned card payment clearing company) in Macao.…

Climbing the career ladder in finance and accounting takes a willingness to take on new, difficult challenges, acquiring varied experience and clear long-term goals. No one knows this better than Grzegorz Mączyński, an ACCA fellow and the financial director and member of the board of Alstom Konstal, Alstom Transport’s branch in Poland.…

A EUROPEAN Commission report has indicated a fall in patent settlements between researching pharma companies and generic manufacturers in 2013, with 146 such deals struck in the European Economic Area (EEA) that year. This compares with 183 settlements in 2012

The EEA is the European Union (EU), plus Norway, Iceland and Liechtenstein.  …

The Open University of Tanzania (OUT) is reaching out to higher education institutions in other neighbouring countries to establish collaborations that will encourage more foreign students to enroll for distance learning.
University vice chancellor Professor Tolly Mbwette said the institution’s board hoped to spread its influence regionally: “We are now the largest distance learning university in the region and our plan is to take distance learning to most countries in East Africa and those under the Southern African Development Community [SADC] by 2016.”…

THE PLASTICS industry will be especially influenced over the next five years by four new European Union (EU) commissioners who have been nominated to serve in the new European Commission of its incoming president Jean-Claude Juncker. Assuming they are confirmed in their positions and begin work on November 1, a key figure will be new health Commissioner Vytenis Andriukaitis, a former Lithuanian health minister who will be responsible for food contact materials and the European Food Safety Authority (EFSA).…