Search Results for: Bangladesh

Eric Dorchies was appointed Mauritius’ Ciel Textile Ltd’s CEO last July (2020) at a moment when his country’s important clothing and textile sector was struggling hard against the impact of the Covid-19. It has not been an easy start to his job (he was previously the company’s COO) given the risk of the third wave of the virus hitting Europe, the company’s main market.…

Egypt’s plans to attract significant foreign investment in its garment and textile manufacturing sectors have been delayed due to the fallout from the Covid-19 pandemic, with exports down 20% last year. The government’s Vision 2025 strategy had targeted attracting some USD17.5 billion in foreign investment to quadruple textile and garment exports.…

WHILE Covid-19 dealt body blows to Bangladesh’s apparel industry last year, one fast-expanding segment fared surprisingly well: denim. While the south Asian country has been the largest exporter of jeans clothing to the European Union (including the UK) for the past few years, as per Eurostat data, last year (2020) it was the largest overseas source of denim to the USA, elbowing out Mexico, according to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).…

A new Transparency International (TI) survey has reported significant concern in 17 Asian countries (1) that corruption continues to be a problem or is getting worse, undermining equitable access to public services and trust in government. TI’s ‘Global Corruption Barometer – Asia’ (2) found 74% of the 20,000 people surveyed believe that government corruption is a major problem in their country, with 19% of citizens surveyed admitting to paying a bribe and 22% using personal connections when accessing public services in the previous year.…

INDIAN garment exporters with manufacturing units based in the war-ravaged Tigray region of Ethiopia are hoping for an early revival of operations and in the interim say they are finding alternate production centres to honour their supply commitments.

“We are making the products [that were to be supplied from Ethiopian] in our Indian factories,” Arul Saravanan, chief marketing officer of SCM Garments Pvt Ltd, in Tirupur, south India, told just-style.…

China’s recycled polyethylene terephthalate (PET) materials market is heading for another distortion with repercussions for apparel and footwear brands. While the likes of Adidas, Nike and Decathlon continue shifting from virgin fibre to recycled fibre to improve their environmental impact standings, China’s PET market is heading for another distortion, raising the spectre for supply bottlenecks and price increases.  …

Jordanian garment manufacturers are hoping a newly formed government will help the country’s clothing sector rebound from the impact of the Covid-19 pandemic, calling for exemption from income tax and delaying requirements to increase the number of Jordanian employees.

The new government of Prime Minister Bisher al-Khaswaneh, appointed in October ahead of parliamentary elections this month, has put economic recovery from the pandemic at the centre of its programme, with GDP forecast to drop by some 5% this year, according to International Monetary Fund (IMF) figures.…

Data released by the Department of Statistics Malaysia on September 11 shows that while the country’s industrial production growth returned to positive territory in July for the first time since February by booking 1.2%, the textiles, apparel, leather and footwear sectors were still suffering.…

THE Bangladesh leather and footwear sector says it can afford to pay new minimum wages for the leather sector, with the industry association being upbeat about implementing the new system and remaining “compliant”.

The ministry of labour and employment on September 8 issued a gazette fixing a minimum monthly pay of USD84 for the leather and footwear sector workers, just short of USD95 rate for garment industry employees.…

TRADE-based money laundering (TBML) is often hard to spot – that is why criminal networks use this typology. But a careful analysis of detailed trade data can reveal anomalous pricing flagging the possible presence of TBML. This is the key goal of a trade database created by a business professor at the USA’s Florida International University.…