Search Results for: Dominican Republic

Egypt’s anti-money laundering AML regime is being undermined by the lack of an independent judiciary and the economically-active military increasingly above the law, despite reforms to the law governing an Administrative Control Authority charged with curbing corruption.

Another concern voiced by AML experts is the weakening of Central Bank of Egypt’ independence under the government of strongman President Abdel-Fattah Al Sisi, a former field marshal.…

The latest edition of the biannual China International Trade Fair for Technical Textiles and Nonwovens (Cinte Techtextil China), held September 4-6, in Shanghai, showed how Chinese manufacturers are more than holding their own in these technically demanding markets.

The fair, a spin-off from the Techtextil show in Germany, attracted a diverse range of some 500 exhibitors from around 20 countries, covering 12 different application areas with protech, mobiltech and geotech, spanning wovens, knits and nonwovens, arguably being most prominent. …

A new report from Transparency International has found that only 11 major exporting countries in the world significantly punish companies that pay bribes abroad. The report, called ‘Exporting Corruption’, also found that more than half of world exports come from at least 33 jurisdictions, including several European Union (EU) member states, where companies that export corruption along with their goods and services face weak consequences. …

Egypt’s attempts to crack down on corruption, commercial crime and money laundering are real. But they are being undermined by low existing standards, government authoritarianism and blind-eyes turned to military wrong-doing, anti-crime experts argue. Paul Cochrane reports.

The Egyptian government talks a good game when it comes to fighting financial crime.…

EASTERN Europe is always a tough market for major paint and coating manufacturers to crack, containing multiple national markets, some in the European Union (EU), some outside, and all with differing cultural and language requirements for marketers to master.

Poland, with its 38 million population and robust economy (projected by the World Bank to grow at 4.2% this year – 2018), remains the region’s most important market, with researcher Euromonitor International saying that Polish paint and coatings sales were worth Polish Zloty PLN1.29 billion (USD352.7 billion) in 2017, up slightly compared to the PLN1.25 billion (USD342.5 billion) sold in 2016.…

THE HONDURAS clothing sector industry association has welcomed the expansion of the Central American Customs Union into a three-country bloc, with El Salvador joining Guatemala and Honduras to forge a light border trading zone of more than 32 million people. El Salvador will officially accede to the union (see below for more information) in November, allowing 95% of products manufactured in its members to freely circulate in the region duty free through common customs, security, and other rules, strengthening local supply chains.…

With a historic heat wave plaguing the Korean peninsula since the middle of July, killing at least 29 people and hospitalizing 2,300 others with heat-related illnesses, it is little surprising that suncare product sales have been booming in South Korea.

And while traditional sun protection products such as parasols and straw hats have sold well – July sales up 83% and 37% year-on-year respectively, according to local e-commerce website Auction, (www.auction.co.kr),…

EUROPE can meet its goal of cleaning up the power sector several years earlier than by the European Union’s (EU) self-imposed deadline of 2050, according to Kristian Ruby, secretary general of the Union of the Electricity Industry – Eurelectric, the sector association representing the industry at pan-European level.…

LARGE motorway service areas have become a recent feature of the Irish landscape, with plaza-type facilities incorporating fuel, food and grocery retailers under one roof.  However, the key players in the forecourt market, which is increasingly held by Irish firms Maxol and Applegreen, along with Canadian newcomer Couche-Tard – are now racing to reposition themselves given the Irish government plans by 2030 to end sales of petrol and diesel vehicles.…

PLAIN packaging rules, or approximations, are growing around the world, but the tobacco sector still argues that these controls are over-reaches that do not reduce smoking and instead encourage counterfeiting and smuggling.

Since January 2017, French smokers have been buying non-branded packs of cigarettes, seeing only a warning picture with text about how tobacco consumption affects people’s health, along with the name of the manufacturer in a simple typeface.…