Search Results for: Bangladesh

Banking security chiefs and their opponents in their opponents in the underworld of cybercrime are fighting a “cold war arms race” with no long-term solution in sight, fraud specialist academics have told Fraud Intelligence.

And if anyone should doubt that this threat is not just profound, but global in scope, witness that Russia’s Federal Security Service (FSB – Federalnaya Sluzhba Bezopasnosti) announced last month that it had arrested 50 members of a gang believed to have been responsible for a Russian Roubles RUB1.7 billion (USD 26.6 million) bank cyberhack using the Trojan programme ‘Lurk’ to collect customer data.…

THE INDIAN geosynthetics market will double in next four years even though domestic manufacturers are struggling to build awareness about their products, a major conference has been told. A ‘Second Global Geosynthetics Summit, Enhancing Application in the Infrastructure Sector’, held in New Delhi on May 19-20, was jointly organised by Confederation of Indian Industry (CII) and the country’s national ministry of textiles.…

Indian garment exporters have widely welcomed a series of financial and labour reforms announced by the government on Wednesday (22 June) designed to make their industry more efficient, although it is being resisted by unions. The cabinet has earmarked additional funding of USD880 million for a duty drawback scheme and to also refund state government levies paid by the garment exporters.…

A SENIOR official at the Istanbul Apparel Exporters’ Association has told WTiN.com that Turkey’s textile sector is increasingly being guaranteed business by the country’s emergence as a fast fashion supply hub, selling to Europe and beyond. Turkish suppliers, as well as well-known retailers such as LC Waikiki, Colin’s, Koton, Collezione and Mavi, are increasingly strong players in the world’s fast fashion markets, boosting their performance in short development cycles, rapid prototyping and small batches.…

Bangladesh’s knitwear manufacturers see sunny prospects ahead, pinning their hopes on the transformation of the factories and equipment within their industry. But infrastructure gaps could undercut their ability to expand, making it difficult for the industry to fully capitalise on opportunities created by China’s rising costs and loss of business.…

Bangladesh’s garment makers have failed to complete a mandatory workers’ electronic database, breaching the June 15 deadline for compliance.

Knitwear factories, the worst performers in this task, will now start installing a biometric database for an estimated 2 million workers in around 2,000 factories from early next month.…

BANGLADESH’S knitwear makers have claimed to just-style that they are on track to establish a workers’ database by a government June 15 deadline, despite delays.

The Bangladesh Knitwear Manufacturers & Exporters Association has now refreshed its plan to electronically log an estimated 2 million workers employed at more than 2,000 factories, with details such as their employment history noted.…

Deciding where to source sustainable fibres and finding ethical manufacturers can be an overwhelming challenge for clothing companies entering the sustainable product market for the first time.

Many experts suggest that sourcing closer to home is the key to a sustainable practice, but Jason Kibbey, CEO of the US-based Sustainable Apparel Coalition, stressed that where materials are sourced from and where manufacturing occurs has no determination on sustainability.…

UNCERTAINTY might sound like a rather nebulous concern for international clothing brands considering their sourcing, but it can be a very tough problem that undermines operational efficiency up and downstream. It is an especially large challenge for brands who are venturing out to source apparel from emerging sources such as sub-Saharan Africa or Myanmar among others, Dr Patrick J Conway, department chair of economics at the University of North Carolina, USA, told just-style.…

Birla Spunshades, Aditya Birla’s vibrant, heavy metal-free, coloured spun-dyed viscose fibre, is helping Indian spinner score new orders linked to major international buyers. Fabric made out of Spunshades is being supplied to clients such as British retailer Marks & Spencer (M&S) and Sweden’s Hennes & Mauritz (H&M), to name two big names.…