Search Results for: Bangladesh

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.…

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.…

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.…

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.…

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.…

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.…

THE RANA Plaza tragedy pushed Bangladesh’s USD30-billion clothing industry into making health and safety improvements to reassure brands they would not be tarnished by similar disasters. But now, the industry is going a step further, and seeking to establish a reputation for environmental excellence.…

Egypt is moving ahead with its Vision 2025 strategy to quadruple garment and textile exports, employ a further 1 million people, and attract USD17.5 billion in investment, but the double-digit growth needed to achieve the goals have yet to be reached.…

INDONESIA is seeking to be among the world’s top five textile and apparel producers by 2030, partly by taking advantage of digital technology, a government official has announced.

The adoption of industrial revolution 4.0 technologies will make Indonesia’s textile industry more efficient and competitive globally, said Muhdori, director for textile, leather, footwear and multifarious industries at the industry ministry.…

THE BANGLADESH government has started probing an aborted hijack attempt of its national flag carrier Biman Bangladesh Airlines’ Dubai-bound flight that had taken off from Dhaka’s Hazrat Shahjalal International Airport on Sunday (February 24, 2019).

The suspected hijacker, whose identity was confirmed Monday as Mohammed Polash Ahmed, of Narayanganj, near Dhaka, and police who said had previously been arrested for kidnapping, was shot dead in a commando operation at the Shah Amanat International Airport in Chittagong, the Bangladesh army said in a statement.…