Search Results for: Bangladesh
10 results out of 631 results found for 'Bangladesh'.
TRADE DATA ANALYSIS INDICATES WIDE SCOPE FOR TRADE-BASED MONEY LAUNDERING MAY INVOLVE THE SHIFT OF BILLIONS OF DOLLARS IN VALUE
GIVEN the hundreds of billions of dollars spent by banks on fighting money laundering, fears that trade-based money laundering (TBML) remains widespread, as stressed by FATF, the APG (http://www.fatf-gafi.org/publications/methodsandtrends/documents/trade-basedmoneylaunderingtypologies.html), and most recently, the European Commission (https://ec.europa.eu/info/sites/info/files/supranational_risk_assessment_of_the_money_laundering_and_terrorist_financing_risks_affecting_the_union_-_annex.pdf), are of serous concern. The World Trade Organisation (WTO) said that in 2018, global merchandise exports were worth USD19.48 trillion, so there is plenty of place for laundered money to hide.…
BANGLADESH ORDERS GARMENT FACTORIES TO OPERATE DESPITE COVID-19 LOCKDOWN
Bangladesh has ordered thousands of clothing factories to continue production throughout a 10-day countrywide lockdown in force since Thursday (March 26) aimed at slowing the spread of new coronavirus that causes Covid-19. In a letter to the president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) issued on March 27, the state-run Department of Inspection for Factories and Establishments (DIFE) – part of the ministry of labour and employment -.…
PERU GOVERNMENT LAUNCHES ROUNDTABLE GROUP TO BOOST DOMESTIC BACKWARD LINKAGES, FOCUSING ON ALPACA
THE PERUVIAN government has created a textile and clothing industry roundtable group that has been charged with forging backward linkages delivering a comprehensive domestic supply chain from fibre to fabric, that will reduce costs for the country’s apparel sector. Currently imports significant volumes of yarn and cotton, increasing expenses for the clothing sector.…
RESEARCHERS PUSH THE POTENTIAL OF DIGITAL TEXTILE PRINTING THROUGH CREATING NEW NANOPARTICLE INFUSED DYES
DIGITAL textile printers continue to seek for technological ways by which they can leverage the innate advantages their equipment has over conventional printing, and one is exploring the use of nanoparticles in finishing chemicals – delivering innovation that can sharpen the existing competitive advantage in design and sustainability enjoyed by digital printers.…
PAKISTAN TEXTILE SECTOR WANTS GOVERNMENT SUPPORT FOR INNOVATIONS AND TECHNOLOGY UPGRADE
PAKISTAN’S textile sector is in dire need of additional investment for modernisation and innovation in order to keep pace with its main regional competitors, industry insiders have warned.
They claim investment has been slashed in the past five years and the industry has been hit with high import tariffs on raw materials meaning programmes to upgrade machinery and other innovation projects have only continued at a sluggish rate.…
PERU GOVERNMENT LAUNCHES ROUNDTABLE GROUP TO BOOST DOMESTIC BACKWARD LINKAGES, FOCUSING ON ALPACA
THE PERUVIAN government has created a textile and clothing industry roundtable group that has been charged with forging backward linkages delivering a comprehensive domestic supply chain from fibre to fabric, that will reduce costs for the country’s apparel sector. Currently imports significant volumes of yarn and cotton, increasing expenses for the clothing sector.…
CAMBODIAN TEXTILE SOFTWARE INNOVATION COULD CUT FABRIC DEFECTS IN HALF SAY PROMOTERS
IN a bid to modernise Cambodia’s textile and garment sectors through digitalisation, the industry is introducing innovative new software next month (February) that will help improve efficiency by improving fabric handling and cutting down repeat clothing defects by almost half – in addition to making overall gains on factory productivity.…
INDIA CLOTHING AND TEXTILE SECTOR WELCOMES SUPPORT FOR INDUSTRY IN NEW CENTRAL GOVERNMENT BUDGET
Indian clothing and textile manufacturers have welcomed a series of policy changes announced in the central government’s national budget that was released on Saturday (February 1). Reforms highlighted by industry representatives include abolition of anti-dumping duty on key polyester raw material PTA (purified terephthalic acid), cheaper loans to small manufacturing units and exporters, a USD200 million investment into developing India’s technical textile industry and a review of principles underpinning future negotiations on free trade agreements (FTA), responding mainly to concerns about cheap imports from Bangladesh.…
CHINESE INVESTORS INTEREST IN PAKISTAN TEXTILE INDUSTRY GROWING
PAKISTAN’s clothing and textile sector hopes that 2020 will be a big year for Chinese investment – as Chinese companies look to move production to outsourcing centres, such as Pakistan, that have lower labour costs than China, but nonetheless a skilled workforce, and government incentives through reduced taxes and duties.…
INDIAN CLOTHING EXPORTERS CLAIM GOVERNMENT’S FAILURE TO DELIVER PROMISED TAX BREAKS ARE HITTING OVERSEAS SALES
Indian apparel exporters fear losing business, maybe forcing some to close units, over the Failure of the government to pay promised tax benefits since March (2019), which according to the Apparel Export Promotion Council of India (AEPC), now amount to more than USD 710 million.…