Search Results for: Bangladesh

BY MARK GODFREY

INVESTMENT in Bangladeshi dyeing capacity appears stalled as growth in the country’s garment exports slows. Prices for imported dyes are also dipping. Yet given long-term steady growth expected in the country’s apparel industry, there are opportunities for dye importers.…

BY MARK GODFREY

WITH the global recession raging across most of the world, Bangladesh’s knitwear sector is maintaining a strong commercial position and looks better geared to survive the economic downturn than some of its regional competitors. Orders have only dipped marginally say local knitwear producers.…

BY MARK GODFREY

THE EMPTINESS of the Giordano store in the departures terminal at massive Baiyun International Airport outside the southern Chinese megapolis of Guangzhou suggests hard times for Hong Kong’s most vaunted and ambitious apparel retailer. This is the capital of wealthy Guangzhou province after all, the manufacturing base for most of Hong Kong’s garment firms.…

BY RAGHAVENDRA VERMA

THE INDIAN paint and coating industry is currently passing through a significant transitional phase – being forced to shift its production from solvent-based to water-based products. The high crude oil prices in 2008 so increased the cost of raw materials that despite the fall in prices from last summer, many paint manufacturers have had little option but to move away from oil-based coatings.…

BY KEITH NUTHALL

POTATOES have become a lucrative cash crop for many developing countries, but this boom may shudder to a halt because of the credit crunch and its spawn, the global recession. UN Food & Agriculture Organisation (FAO) statistics in a report ‘New light on a hidden treasure’ claim the potato has become the world’s number one non-cereal food crop, with global production reaching a record 325 million tonnes in 2007: more than half in developing countries.…

BY RAGHAVENDRA VERMA

THE INDIAN textile and clothing industry is striving to make its own at least 10% of China’s annual garment export hail of US$115 billion: "This is not difficult to achieve because of cost factor and various other reasons", said Darshan Lal Sharma, managing director of Vardhman Yarns & Threads and a member of the Confederation of Indian Industry’s (CII) national committee on textiles.…

BY RAGHAVENDRA VERMA, in New Delhi; and KEITH NUTHALL

AN INTERNATIONAL conference took place this month in Hong Kong (May 11-15) and adopted a new International Maritime Organisation (IMO) convention on globally applicable ship recycling regulations for international shipping, including oil and gas tankers.…

By Paul Cochrane, in Dhaka, Bangladesh

Bangladesh is one of the unexpected gainers, especially as 75.83% of its national exports come from knitwear (39.21%) and woven goods (36.62%), primarily to the European Union (EU) and US markets. The expectation might be that exports of Bangladeshi ready made garments would slide in accordance with the drop in global stock markets and plummeting retail sales.…

BY PAUL COCHRANE

BANGLADESH’S knitwear sector is undergoing unprecedented growth: averaging 24% per year over the past 12 years, and an astonishing 45% in the first three months of this fiscal year, with exports projected to reach US$10 billion by 2011.…

BY PAUL COCHRANE

BANGLADESH’S fledgling anti money laundering and counter terrorist financing regime faces an uphill struggle, with the country ranked as one of the most corrupt on earth and money laundering equivalent to 13% of the country’s GDP. Furthermore, Abul Barkat, Professor of Economics at Dhaka University told the Money Laundering Bulletin, an estimated US$7 billion flows into Bangladesh through illegal alternative remittance systems, and there is an ‘economy within an economy’ generating some US$300 million in profits every year for Islamist political parties linked to fundamentalist and terrorist activities.…