Search Results for: Bangladesh

BY RAGHAVENDRA VERMA

Bangladesh’s knitwear industry has welcomed India’s easing import restrictions for border clothing trades. "We are hoping for an increase in knitwear exports and an expanding trade relations between the two countries", said A.K.M. Salim Osman, president of the Bangladesh Knitwear Manufacturers & Exporters Association.…

BY KEITH NUTHALL

THE INTERNATIONAL Maritime Bureau (IMB) has warned scrap buyers to beware of fraudsters selling phantom waste metal cargoes that never arrive at port. The IMB – part of the International Chamber of Commerce (ICC) – says the scam involves a sophisticated abuse of bills of lading, letters of credit and associated documents.…

BY RAGHAVENDRA VERMA

Violent labour protests forced Bangladesh’s Grameen Knitwear to close its factory in the Dhaka Export Processing Zone last Wednesday (July 20), however company’s top official has told just-style that the work will resume in next two to three days.…

BY KEITH NUTHALL

THE INTERNATIONAL Maritime Bureau (IMB) has warned heavy melting scrap buyers to beware of fraudsters selling phantom waste metal cargoes from Trieste, Italy, that never arrive. The IMB has reported 13 such scams (one involving aluminium profiles) involving a sophisticated abuse of bills of lading, letters of credit and associated documents.…

BY RAGHAVENDRA VERMA

INDIA is known for its rich history of garment making traditions; however, its knitwear manufacturing centres have been facing serious labour shortages of late – leading to the underutilisation of capacity, spiralling costs and even relocation of some factories to more rural areas.…

BY MJ DESCHAMPS

THE POOREST countries in the world have an unprecedented opportunity to attract investment in the pharmaceutical sector, according to a new report by the United Nations Conference on Trade and Development (UNCTAD).

The study stressed how large research and development-based pharmaceutical transnational corporations facing the expiration of blockbuster drug patents are entering into partnerships with profitable generic manufacturers in developing countries as a survival strategy.…

By WANG FANGQING

FACING soaring wages and an appreciating local currency in the Yuan, Chinese clothing makers are being forced to make a hard choice – keep clients or make profits. So far, the answer seems to be clients.

According to China’s Ministry of Commerce, profits in the export sector (for all industries) fell to 1.44% in February 2011 from 1.47% in 2010.…

BY RAGHAVENDRA VERMA

ENVIRONMENTAL concerns and the health hazards faced by the workers engaged in the ship and tanker breaking industry of Bangladesh have forced its government to reform controls of this most dangerous service. Dhaka has made administrative changes and proposed a new law that could force the international oil companies to share the costs of cleaning up the chemical and other waste left by this beach-based industry.…

BY KEITH NUTHALL

THE WORLD Bank is spending US dollars USD195 million on helping Bangladesh squeeze fraud from government assistance programmes through the creation of a secure, accurate and reliable national ID system. A bank statement said the project, covering all Bangladeshi adults, would boost "transparent service delivery".…

BY LEE ADENDORFF

For some it was a total disaster, for others a bump in the road, but the recession left no part of the clothing and textile retail sector unscathed. World Trade Organisation (WTO) statistics from 2009 show that while globally important manufacturing jurisdictions such as China and the European Union (EU) suffered 11% and 15% drops respectively in clothing exports, countries such as India, Vietnam and Bangladesh lost just a couple of percentage points and in India’s case, exports remained stable.…