Connect with us
Loading...

Business News

State agency officials under probe over standardisation marks :: Kenya

Published

on


Contraband sugar found hidden in warehouses in Eastleigh, Ruiru and Nairobi’s Industrial Area is withheld at CID headquarters on Wednesday, June 13, 2018. [David Njaaga, Standard]

An Indian firm contracted by the Kenya Bureau of Standards (Kebs) to supply secure import standardisation mark stickers and stamps has denied reports of engaging in shoddy work leading to the proliferation of fake products in the market.

Madras Security Printers now says fake standardisation strickers allegedly being used in the market did not originate from them.

ALSO READ:

Kebs to test imports in the sea

Reacting to reports of a scheme by unscrupulous traders to evade quality checks by Kebs, the firm maintained stickers it manufactures are in line with tender specifications.

In a press statement yesterday, the company said it is ready to work with investigative agencies to identify perpetrators of copied marks.

“All Import Standardisation Marks (ISM) are made as per the specifications in the tender. Fakes may be present in the market but they do not originate from us. Consumers should authenticate the overt security features on the marks,” said Madras Senior Manager Ramachandran Natarajan. “We fully deny the allegations.”

The firm maintained it had provided additional security features on product stickers above the tender requirements and that the source of the fake stickers should be investigated and prompt action taken.

Three weeks ago, Director of Public Prosecutions (DPP) Noordin Haji ordered for the arrest of nine directors of the firm as investigations intensified over alleged unfit standardisation marks.

“In our opinion, rather than target the genuine manufacturer, the DCI and DPP should focus on identifying the perpetrators of the fake marks. The real culprits are roaming free,” said Madras.

MUST READ!  Sensex: Six of top-10 firms add Rs 61,386 crore in m-cap

Kebs floated the stickers tender in January 2015. Madras Security Printers Private, Systemedia Technologies, Sintel Security Printers Solutions, Pinnacore Printers, SICPA Security Solutions SA and De La Rue were the bidders.

ALSO READ:

Long day for KEBS managers accused of attempted murder

Would you like to get published on Standard Media websites? You can now email us breaking news, story ideas, human interest articles or interesting videos on:





Source link

Comments

comments

Continue Reading
Advertisement
Loading...

Business News

Canada PM says informal NAFTA talks likely in next few days at U.N.

Published

on


MONTREAL (Reuters) – U.S. and Canadian officials trying to reach a deal on NAFTA are “very likely” to hold informal talks on the sidelines of a major U.N. meeting in the next few days, Canadian Prime Minister Justin Trudeau said on Sunday.

Prime Minister of Canada Justin Trudeau waits for the Prime Minister of Spain Pedro Sanchez before a military welcoming ceremony at The Royal Canadian Hussars Armoury in Montreal, Quebec, Canada September 23, 2018. REUTERS/Dario Ayala

With time running out ahead of a U.S.-imposed deadline of the end of September, negotiators are making slow progress on updating the North American Free Trade Agreement.

U.S. President Donald Trump struck a side deal on NAFTA with Mexico last month and has threatened to exclude Canada if necessary. He also said he might impose a 25 percent tariff on Canadian autos exports, which would badly hurt Canada’s economy.

Trump took office last year vowing to tear up NAFTA unless major changes were made to a pact he blames for the loss of U.S. manufacturing jobs.

Canadian Foreign Minister Chrystia Freeland and U.S. Trade Representative Robert Lighthizer – the two top officials at the talks – are due to be in New York on Monday and Tuesday for the U.N. General Assembly.

“Certainly the fact that many of our negotiators, many of our teams, will be in New York at the same time (means) it’s very likely that conversations continue in a constructive but less formal way,” Trudeau told reporters.

Trudeau, speaking after talks with Spanish Prime Minister Pedro Sanchez, said nothing had formally been arranged. A Freeland spokesman declined to comment.

MUST READ!  Buy Jindal Steel, Bajaj Auto and Kotak Bank, says Prabhudas Liladher

The United States and Canada are divided over the best way to resolve trade disputes and a U.S. demand for more access to Canada’s protected dairy market.

Markets are reacting nervously to uncertainty over the future of the 1994 pact, which underpins $1.2 trillion in annual trade. Over the past 25 years, the three countries’ economies have become increasingly integrated, especially the auto industry.

Canadian negotiators have said they will not be rushed and Trudeau reiterated on Sunday that he would not sign a bad NAFTA deal.

Freeland and Lighthizer met in Washington last Thursday and made little progress. Canada also made clear the United States needed to withdraw the threat of auto tariffs for a deal to be possible.

Reporting by Allison Lampert; Writing by David Ljunggren; Editing by Peter Cooney

Comments

comments

Continue Reading

Business News

WPP preparing to merge Young & Rubicam and digital ad firm VML: WSJ

Published

on


(Reuters) – The world’s largest advertising company WPP Plc’s (WPP.L) is preparing to consolidate some of its businesses in a bid to keep pace with the industry’s digital shift, the Wall Street Journal reported on Sunday.

FILE PHOTO: A logo hangs on the wall outside the WPP offices in London, Britain April 30, 2018. REUTERS/Simon Dawson/File Photo

The company, under its new boss Mark Read, is considering a merger between Young & Rubicam and WPP’s digital-ad firm VML, putting the combined group under the leadership of VML CEO Jon Cook, WSJ reported, citing sources.

There are talks about having the group’s direct-marketing company Wunderman work with its creative firms to provide access to consumer data to help them craft more relevant ads, the WSJ reported, citing a source.

The market leader has been hit hard in the last year as clients have increasingly turn to online platforms such as Google and Facebook to reach consumers.

The group is also recovering from the departure of its founder and veteran CEO Martin Sorrell who left in April after complaint about personal misconduct, which he denied.

WPP was not immediately available to comment on the report.

Reporting by Mekhla Raina in Bengaluru; Editing by Edmund Blair

Comments

comments

MUST READ!  Anguish of farmers stuck with 300,000 bags of last year’s maize :: Kenya
Continue Reading

Business News

European Banking Authority is asked to investigate oversight of Danske Bank

Published

on


COPENHAGEN (Reuters) – The European Commisssion has asked the European Banking Authority (EBA) to investigate what went wrong in the oversight of Danske Bank’s (DANSKE.CO) Estonian branch, which is at the center of a major money laundering scandal, it said on Sunday, confirming a report in Financial Times.

FILE PHOTO: Danske Bank sign is seen at the bank’s Estonian branch in Tallinn, Estonia August 3, 2018. REUTERS/Ints Kalnins/File Photo

The Commission has also sent letters, written at the request of justice commissioner Vera Jourova, to the Danish and Estonian governments to ask about the case and its supervision, the spokesman said.

Reporting by Foo Yun Chee; Writing by Teis Jensen; Editing by David Goodman

Comments

comments

MUST READ!  KBA report attributes sluggish performance to current political stalemate and credit crunch in the sector :: Kenya
Continue Reading

From Around the Web

Loading...
Entertainment2 weeks ago

Photos: Nudes of Migori Governor Okoth Obado Are Here

General News4 days ago

Uhuru Kenyatta Suffering Stage One Lung Cancer

General News4 weeks ago

WATCH: Athlete Asbel Kiprop behaving badly in car as drug cheat ban looms – Nairobi News

General News1 week ago

Obado: “Sharon Refused a Ksh. 10 Million House Offer From Me, Wanted a Ksh. 35 Million House”

General News4 days ago

Okiya Omtata Saves Kenyans: Court declares Finance Bill illegal

Entertainment2 weeks ago

EXPOSED: Why Governor Obado suspected Sharon was having affair with his son

General News4 weeks ago

The Standard – Kenya: Video of Kenyan athlete Asbel Kiprop caressing an unidentified half-naked woman inside car leaks | The Standard

General News2 weeks ago

Cyprian Nyakundi: “Jahmby Koikai MUST Account For The Money She’s Raised”

Entertainment2 weeks ago

Was Sharon Otieno gang-raped before murder? Condoms found – PHOTOS

General News3 weeks ago

Egesa FM presenter Joseph Atandi hangs himself

Sports3 weeks ago

Manchester United 254: Meet This Group Using Football To Give Back To The Community

General News3 weeks ago

Kodera: The 'forest of death' where Sharon Otieno was found

General News3 weeks ago

Egesa FM Radio Presenter Commits Suicide

General News3 weeks ago

RMS presenter Okebiro O’ Mose dies in unclear circumstances

General News4 days ago

15 Chinese nationals arrested in South C for operating brothels To Be Deported

General News5 days ago

Jubilee MPs Bribed in Statehouse to endorse President’s proposal to reduce VAT on petroleum products to 8 per cent

General News3 days ago

Cyprian Nyakundi: ” Kanze Dena Is A Thief Just like Her Benefactors”

General News6 days ago

The mess at ERC

Entertainment1 week ago

Janet Mwaluda loses fiancé, Ian Mukuria – Entertainment – Pulselive.co.ke

General News3 weeks ago

Governor Muriithi discourages mothers from giving birth at home

General News7 mins ago

Report on Kemsa calls for thorough shake-up

General News7 mins ago

Why capital city needs leaders with more substance than style

Trending Videos19 mins ago

CS Henry Rotich responds to the Presidential memorandum before Finance Committee of N.A

Trending Videos21 mins ago

KIZUNGUMKUTI CHA USHURU MPYA: Baadhi ya wabunge watishia kufika mahakamani Jumatatu

Trending Videos22 mins ago

SMART FARM | Focus on Aquaponics Farming

Entertainment32 mins ago

Packers coach Mike McCarthy freaks out at referees after Clay Matthews called for another questionable roughing-the-passer penalty

Business News33 mins ago

Canada PM says informal NAFTA talks likely in next few days at U.N.

Trending Videos44 mins ago

Uganda popstar cum politician Bobby Wine back home

Trending Videos46 mins ago

Shughuli ya kuitafuta miili iliyokwama kwenye mabaki ya MV Nyerere yaendelea

Trending Videos47 mins ago

Omieri returns to Kisumu

Entertainment56 mins ago

49ers fear Jimmy Garoppolo suffered a season-ending knee injury – Sports – Pulselive.co.ke

General News1 hour ago

Murang’a woman commits suicide after daughter’s death :: Kenya

General News1 hour ago

Tale of misery, hopelessness of the landless Kibwezi Ngulia :: Kenya

Entertainment1 hour ago

Politics: Step aboard the USS Kearsarge, the US Navy workhorse that takes Marines to war

Trending Videos1 hour ago

CS Rotich tells MPs that higher taxes to aid in funding growth

Trending Videos1 hour ago

K24Wikendi. (22.09.2018)

Trending Videos1 hour ago

Ripoti ya Seneti kuhusu hospitali ya Pumwani #SemaNaCitizen

General News2 hours ago

THE CUTTING EDGE

General News2 hours ago

Samurai rule show: Nzomo’s team bounce back to win title as Ngugi is voted the best player

Trending Videos2 hours ago

Kalonzo awataka wabunge wa Wiper kuunga mkono mapendekezo ya rais ya ushuru

Facebook

Tag Cloud

Dont Miss!

General News7 mins ago

Report on Kemsa calls for thorough shake-up

By EDITORIALMore by this Author The latest audit report on the Kenya Medical Supplies Agency is alarming. Its drug management...

General News7 mins ago

Why capital city needs leaders with more substance than style

By KALTUM GUYOMore by this Author In the latest United Nations survey on human development, Kenya ranks 142nd out of...

Trending Videos19 mins ago

CS Henry Rotich responds to the Presidential memorandum before Finance Committee of N.A

Cabinet Secretary, Henry Rotich responds to the Presidential memorandum of the proposed 8% VAT tax in Parliament. The Cabinet Secretary...

Trending Videos21 mins ago

KIZUNGUMKUTI CHA USHURU MPYA: Baadhi ya wabunge watishia kufika mahakamani Jumatatu

Baadhi ya Wabunge wametishia kuelekea mahakamani Jumatatu, kusaka mwelekeo wa mahakama kuhusiana na kuidhinishwa kuwa sheria kwa mswada tata …...

Trending Videos22 mins ago

SMART FARM | Focus on Aquaponics Farming

The size of arable land in the country continues to diminish and farmers are now turning to sustainable ways of...

Entertainment32 mins ago

Packers coach Mike McCarthy freaks out at referees after Clay Matthews called for another questionable roughing-the-passer penalty

news Clay Matthews was flagged for roughing the passer on a questionable call for the third straight week. Packers head...

Business News33 mins ago

Canada PM says informal NAFTA talks likely in next few days at U.N.

MONTREAL (Reuters) – U.S. and Canadian officials trying to reach a deal on NAFTA are “very likely” to hold informal...

Trending Videos44 mins ago

Uganda popstar cum politician Bobby Wine back home

Ugandan pop star turned opposition MP, Robert Kyagulanyi, was taken away by security officers upon arrival at the country’s international...

Trending Videos46 mins ago

Shughuli ya kuitafuta miili iliyokwama kwenye mabaki ya MV Nyerere yaendelea

Baadhi ya mili ya waliofariki katika mkasa ya MV Nyerere, iliyouwa watu zaidi ya mia mbili hadi kufikia Jumapili nchini...

Trending Videos47 mins ago

Omieri returns to Kisumu

If you don’t like reptiles, this next story is not for you. Residents of Kisumu had a rare opportunity early...

Entertainment56 mins ago

49ers fear Jimmy Garoppolo suffered a season-ending knee injury – Sports – Pulselive.co.ke

news The San Francisco 49ers fear that quarterback Jimmy Garoppolo tore his ACL. The injury came on Sunday after Garoppolo...

General News1 hour ago

Murang’a woman commits suicide after daughter’s death :: Kenya

A woman has committed suicide two days after the burial of her daughter. ALSO READ: Nairobi most dangerous county for babies The...

General News1 hour ago

Tale of misery, hopelessness of the landless Kibwezi Ngulia :: Kenya

Kioko Mutua stands next to his ‘house’. He is taller than the house that he squeezes self in to sleep....

Entertainment1 hour ago

Politics: Step aboard the USS Kearsarge, the US Navy workhorse that takes Marines to war

The USS Kearsarge docked in Manhattan for Fleet Week 2017, opening its decks to the public. Now you can see...

Trending Videos1 hour ago

CS Rotich tells MPs that higher taxes to aid in funding growth

We must grow the economy, and we can only do this through additional taxes, so Kenyans must dig deeper into...

Advertisement
Loading...

Categories

Trending