Search Results for: Bangladesh

Ethiopia’s government is promoting what it says is Africa’s largest eco-industrial park dedicated to textile and garment production. The Hawassa Industrial Park (HIP), boasting state-of-the-art water recycling facilities, has attracted major textile producers from Asia and the US including American clothing giant Phillips-Van Heusen (PVH).…

THE ASIA Pacific region remains the workshop of the world in terms of nonwovens production, and it is not only China’s producers who are growing, local suppliers are feeding growing domestic markets for nonwovens products elsewhere in east and southeast Asia.…

BANGLADESH has secured a strategic financial reserve to build its first nuclear power plant after Russia lent the south Asian country USD11.38 billion to push ahead with the project. But experts have warned Fuel Cycle Week that progress on the project could be “long and winding” and, unsurprisingly, “expensive”.…

The Philippines has been standing accused of passively aiding money launderers and terrorist financers ever since its Anti-Money Laundering Act in 2001 exempted local casinos from the duty of submitting suspicious transaction reports on their operations.. But pressures to revise that decision have been growing markedly since earlier this year Chinese cyber hackers managed to launder USD81 million through banks and casinos in Manila, with only approximately USD6 million of the booty recovered so far.…

India is pushing neighbouring Bangladesh to scrap its recent increase in billet import duties, saying it breaks commitments made under the regional free trade accord, the South Asian Free Trade Area (SAFTA). The Indian government acted after Bangladesh imposed two types of tariffs on steel billets imported from India in its budget for the 2016-17 financial year, announced in July.…

Bangladesh is mulling controls over foreign investors in the country’s growing poultry industry after local rivals have said they fear being swallowed by overseas companies.  

The country’s state minister for fisheries and livestock Narayon Chandra Chanda said that there was concern that Bangladesh poultry farmers could lose trade if competition was unchecked: “We’re still observing … There should be a guideline,” he told GlobalMeatNews without giving further details.…

THE INDONESIAN knitwear sector stands to boost its access to European Union (EU) markets should new talks to forge an EU-Indonesia trade deal prove successful. Trade is already significant – Indonesian exports to the EU of knitted or crocheted men’s and boys’ shirts generated receipts of USD35.1 million in 2014, for instance; for knitted and crocheted fabrics the figure was USD14.1 million in 2014, according to international trade data.…

The emergence of Brazil as a major economic power and highly promising market of 200 million inhabitants is luring Mauritian textile producers to foray further in Latin America’s largest national market. Indeed, despite Brazil’s ongoing economic recession, Mauritian textile and clothing exports to the country have more than quadrupled since 2012, according to trade promotion body Enterprise Mauritius.…

MOBILE money transactions surged in 2015 across the world – increasing by 31% to reach 411 million mobile money accounts, and this is a critical platform for expanding financial inclusion globally, according to GSMA, a UK-based global mobile industry association, in its February 2016 annual report on the ‘State of the Industry Report on Mobile Money’. …

PRICES of beef in Bangladesh increased more than 7% after the Friday’s terror attack on a Dhaka café, causing India to seal its border, throttling cattle supplies to Bangladesh at the time of maximum demand during the end of Ramadan, traders have said.…