Search Results for: Bangladesh

COVID-19 has been a challenge for many industries and the tobacco sector has been no exception, with the disease disrupting consumption and purchasing patterns that underpin profitability and turnover.

Countries where smoking is associated with socialising have been particularly vulnerable and a good example is Bangladesh, where the disease has depressed consumption, temporarily.…

India’s apparel and textile exporters are under huge pressure from their western buyers to meet contracts as the country’s devastating second wave of the Covid-19 pandemic eases. As a result, manufacturers have been flying-in workers who had returned to their home while the virus ravaged India’s cities and towns, depressing production capacity.…

The Bangladesh clothing industry is looking forward to the completion of five state-of-the-art textile factories at the Korean Export Zone (KEPZ) with combined floor space of 2 million square feet as an important expansion of local backward linkages. The factories, three of which are under construction, and two (producing polyester yarn and fabrics) are already open, will produce manmade fibre (MMF) yarn and finished garments, at the KEPZ, located in the south-eastern port of Chattogram.…

Apparel and footwear brands, especially those in the United States, may come under increasing distribution strain as an uptick in Covid-19 cases in the Chinese clothing and textile manufacturing hub of Guangdong exacerbates already fraught global logistics.  The southern Chinese province recorded 135 total infections over the period June 10–23 and a seven-day average of nine new cases as of June 23, according to data from the USA’s Johns Hopkins University.…

MALTA’S only multiple casino operator has been fined over serious AML/CFT failings, with the country’s Financial Intelligence Analysis Unit (FIAU) ordering Tumas Gaming Ltd to undertake AML control reforms.

The company must pay EUR233,156 for breaching the country’s Prevention of Money Laundering and Funding of Terrorism Regulations.…

When the COVID-19 pandemic unfolded in the first half of 2020, China’s textile industry quickly increased its nonwoven-based supply capacity of protective masks, medical protective clothing, isolation clothing and other emergency prevention and control materials.

Data compiled by the China National Textile and Apparel Council show that the country’s output of nonwoven products recorded a robust year-on-year growth of 14.4% in in the first eleven months of 2020.…

THE INDIAN clothing and textile manufacturing sector is facing renewed disruption as India is hit by a brutal second wave of Covid-19.

“Labour has [partially] gone, production is down and demand is falling,” Sanjay Arora, business director at consultancy firm Wazir Advisors told just-style.…

THE WIDE diversity of AML laws worldwide can complicate the enforcement of AML/CFT extradition proceedings.

Financial Action Task Force (FATF) recommendations 37 and 39 say that governments should be prepared to extradite money launderers (and terrorist financiers) to another country if they both criminalise the underlying predicate offence.…

Demand for knitting machines in China has been recovering remarkably fast from the Covid-19 crisis, with Chinese textile factory owners growing bolder in investment decisions, and exports to south Asia growing too.

Chinese knitting machine-makers Suzhou ReHow Machinery Manufacturing and Fujian Taifan Industrial, which supply mainly T-shirt fabrics single jersey circular knitting machines, saw their sales dip in 2020 but not to a dramatically low level.…

COVID-19 has unleashed a significant boom in demand for apparel and other wearables that are anti-viral, cleansing consumers’ bodies of viruses, as well as bacteria.

Companies making fibres and yarns have been quick to tout anti-viral technologies. Examples include HeiQ Materials AG – a Switzerland based textile innovation specialist, which has been selling a new anti-virus textile treatment HeiQ Viroblock NPJ03, added to textile products during final processing and utilising anti-microbial silver, whose charge attracts viruses to spherical liposomes which deplete the virus membrane of cholesterol, allowing the silver to kill them.…