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Search Results for: Bangladesh

10 results out of 563 results found for 'Bangladesh'.

NEW BJP GOVERNMENT EXPECTED TO REVIEW INDIA’S MINIMUM WAGE



India’s new Bharatiya Janata Party (BJP)-led government, that took office on May 30 following its April and May election victory, is planning to increase the country’s minimum wage rates, which could damage the current cost advantages enjoyed of Indian apparel exporters, warned an industry body.…

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BANGLADESH PLOTS DIGITAL PRINTING EXPANSION, AS TRAINED PERSONNEL BECOME MORE AVAILABLE



BANGLADESH’S major textile and clothing manufacturers are pumping millions of dollars into digital printing, encouraged by the lure of better margins, cost savings and shorter lead times, industry watchers say.

With conventional textile printing losing its prominence, the country’s top textile producers have spent around USD30 million buying European and Asian digital printing machinery in the past three to four years, industry experts have told Digital Textile.…

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INDIAN CLOTHING AND TEXTILE TAX BREAKS SHOULD BOOST GLOBAL COMPETITIVENESS, SAY INDUSTRY LEADERS



THE INDIAN clothing and textile industry thinks it is better able to score export orders internationally since March when the central government announced new tax benefits for the country’s garment exporters. Rahul Mehta, president of Clothing Manufacturing Association of India, told just-style, that the combined reduction in costs delivered by a refund of the central and state taxes, new benefits under the Merchandise Exports from India Scheme (MEIS), and renewed 2% duty drawbacks, is 9% to 10%, and that “makes us more competitive”.…

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PAKISTAN CLOTHING INDUSTRY CALLS ON GOVERNMENT TO REDUCE COMPLEXITY OF INPUT IMPORT RULES



PAKISTAN’s apparel and garment exporters have called on the country’s new government to simplify what it regards as overly complex trading red-tape impeding the import of key inputs, vital for diversifying export-oriented production.

“To increase our exports, we will have to enhance our product lines and relax the existing import policy for import of raw materials,” Muhammad Ijaz Khokhar, coordinator of the Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) told just-style.…

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BANGLADESH LEATHER INDUSTRY NEEDS MORE HEALTH AND SAFETY ATTENTION SAY EXPERTS



WITH decent working conditions eluding Bangladesh’s booming leather industry, an advocacy group has suggested forming a tripartite body involving the government, manufacturers and unions to help improve the sector’s health and environmental safety standards. Modelled after the efforts that have been made in the country’s textile and fabric-based garment industry, such a tri-party consultation committee would discuss the development of a leather sector whose safety and environmental records remain patchy, except for export-oriented units.…

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CHINA REMAINS SOURCE OF MAJORITY OF DANGEROUS CLOTHING AND ACCESSORIES SOLD IN EUROPE



CHINA continues to be the largest source of clothing and accessories detected as being unsafe for consumers in the European Union (EU), according to data analysed by just-style from the EU Safety Gate database.

Formerly the EU Rapid Alert System (RAPEX), the database shows that of the 221 safety warnings issued by the system about apparel and accessory products in 2018, 102 of these lines were supplied from China.…

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BANGLADESH – A CASE STUDY IN THE CHALLENGES OF IMPOSING TRANSFER PRICING IN TAX COLLECTION



IN a country where tax collection remains weak, Bangladesh accounting experts now hope that a 2012 transfer pricing (TP) law is finally starting to increase revenues, although progress is slow. Demonstrating the difficulties involved in rolling out complex tax legislation in emerging market states that targets powerful multinationals, the country’s National Board of Revenue (NBR) says that it collected just USD1.2 million’s worth more taxes from 10 multinationals (which it would not name) in the financial year to last June (2018) than without taking TP into account.…

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CHIEF OF NEW BANGLADESH FINANCIAL REPORTING REGULATOR RELISHES NEW ROLE



 

THE CHIEF of an incoming regulator charged with ensuring quality financial reporting and corporate governance in Bangladesh’s major companies is looking forward to the challenge.

CQK Mustaq Ahmed is chairman of the three-year-old Financial Reporting Council (FRC), an agency still being built and should start effective operations by September 30.…

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PAKISTAN TEXTILE EXPORTERS UPSET OVER TENSE SITUATION ON BORDER WITH INDIA



PAKISTAN’S textile manufacturers and exporters appear divided over the possible negative impact on the country’s textile sector arising from prevailing tensions on the Indian border.

According to exporters, concern cause by air strikes by India in Balakot – in Pakistan’s Khayber Pakhtunkhwa province – on February 26 – will affect export volumes as some foreign buyers may have diverted new orders to other countries like Bangladesh and China.…

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SRI LANKA BOOSTS CLOTHING EXPORTS WHILE MAINTAINING REPUTATION FOR ETHICAL AND RELIABLE PRODUCTION



THE PASSING of the USD5 billion annual clothing export milestone by Sri Lanka is especially significant, says its industry association, because it has been achieved while maintaining an “ethical and reliable brand”.

The country’s total clothing exports reached USD5.05 billion last year (2018 calendar year), posting an annual gain of 4.97% year-on-year, Joint Apparel Association Forum Sri Lanka (JAAFSL) secretary general, Tuly Cooray told just-style.…

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