Search Results for: Bangladesh

The ongoing conflict in Myanmar, as its military government loses control over territory to rebel groups, is severely affecting the country’s clothing and textile industry. This is especially in the central Burman region, where a majority of the sector’s factories are located.…

The ongoing political unrest in Bangladesh has proved a blessing for Pakistan’s clothing and textile sector, enabling many Pakistani exporters to secure international orders ahead of Christmas most by their Bangladeshi competitors. However, weaknesses in the Pakistani industry have prevented it from taking full advantage.…

New members of the European Commission have been proposed for the next 2024-29 term, starting November 1, with knitwear lobbyists facing experienced hands in the key trade and economy/de-regulation portfolios. Re-appointed Commission president Ursula von der Leyen has nominated Maroš Šefčovič, of Slovakia, as trade and economic security; interinstitutional relations and transparency Commissioner, for example.…

The shifts and volatility of the Malaysian Ringgit (MYR) against USD dollar has remained an important challenge for the Malaysian Textile Manufacturers Association and its clothing and textile manufacturing members.

Between July and September this year, the USD1/Ringgit fluctuated significantly, underpinned by both global and domestic factors, with the MYR/USD1 rate moving between July and early August between MYR4.55 and MYR4.69, making profit margin assessments a challenge for imported inputs and overseas sales.…

Vietnam’s clothing and textile industry may benefit from the accession to power of a former security minister, industry experts have told Just Style – although his closeness to Russia has raised concerns about weakening vital western trade links. To Lam was appointed President of Vietnam in April (2024) and general secretary of the ruling communist party earlier this month (August 3), the most powerful job in this south-east Asia sourcing hub.…

Major Indian apparel exporters are awaiting sudden increase in orders expected to move from Bangladesh because of that country’s recent political turmoil. However, a significant sourcing shift by western brands will be limited by constraints in Indian manufacturing infrastructure, Just Style has been told.…

Bangladesh’s accounting professionals have faced a challenging two months as political unrest toppled the country’s former government, which had imposed an internet blackout, hindering mobile and broadband communications with international clients and head offices.

Kowsar Ahmed, a Dhaka-based senior associate accountant working for a Big Four accounting firm (NOTE TO EDITOR – IT IS PWC – BUT HE COULD NOT SAY SO – OR HE WOULD HAVE TO GET PERMISSION, WHICH WOULD HAVE BEEN REFUSED) said: “Most of our clients are from abroad.…

As intensifying international trade frictions highlight the need for Chinese textile companies to spread their risk by investing in production capacity within diverse global markets, Chinese textile companies are indeed expanding their global footprint. That includes downstream as well as upstream segments.…

Bangladesh’s clothing and textile manufacturers have called on the country’s incoming interim government to protect their factories, as violence still wracks the country following the downfall of former Prime Minister Sheikh Hasina.

She fled the country on Monday (August 5) after resigning amidst cascading political demonstrations against an earlier brutal crackdown on protesters upset about government job quotas.…

Pakistan’s Punjab province government is set to establish its first ‘plug and play’ garment city with an estimated cost of Pakistan Rupees PKR3 billion (USD10.78 million) in the industrial zone of Sheikhupura, 38 kilometres north-west of Lahore. All facilities and infrastructure needed by clothing manufacturers will be provided.…