Search Results for: Bangladesh

BY KEITH NUTHALL

THE TOWN of Asbestos in French-speaking Québec, Canada – named after the mineral that underpins its economy – is waiting to see whether its provincial government will approve a Canadian dollar CAD58 million (US dollar USD56 million) loan enabling an underground mine to tap an immense deposit.…

BY RAGHAVENDRA VERMA

BANGLADESH’S knitwear industry owners have worked with police to quell violent strikes by workers who had been demanding higher wages in the country’s key clothing sector. The protests started June 19, spreading across four districts, and two days later 10,000s of workers pelted stones and set vehicles on fire while police used rubber bullets and tear gas in Ashulia, a clothing manufacturing centre about 30 kilometres from Dhaka.…

BY EMMA JACKSON

PAINT companies looking for an edge may very well find themselves turning to robots, as the industry in the Asia-Pacific region increasingly embraces automation. Cost effective, efficient and consistent, robots are indeed replacing employees in paint manufacturing processes and applications of coatings to products such as cars and machinery.…

BY RAGHAVENDRA VERMA

WITH an aim to moderate the domestic prices of cotton yarn, last week the Indian government said it would suspend a 7.5% duty concession for exporters – essentially raising the price of Indian cotton by 3.5% on world markets (because of a complex formula framing these tariffs).…

BY KEITH NUTHALL

MAJOR emerging markets Brazil and India have told the World Trade Organisation (WTO) they are fulfilling commitments to open their markets duty-free to the 49 poorest countries worldwide (called ‘least developed countries’ of LDC) mostly sub-Saharan African, Asian and Pacific islands.…

BY RAGHAVENDRA VERMA

THE BANGLADESHI demand for textile dyes and finishing chemicals such as sodium sulphate, oxalic acid and ferrous sulphate – imported from the UK, Asia and India – could deflate as the country’s US$10 billion apparel industry is facing a sudden rise in input costs.…

BY RAGHAVENDRA VERMA

A SWIFT rise in the price of south Asian cotton yarn has forced closures in Bangladesh’s US$6.43 billion knitwear export sector and pushed some manufacturers to the brink as the whole industry struggles to overcome the costing problem.…

BY RAGHAVENDRA VERMA

THE PRICE of yarn in Bangladesh has risen 20%-30% within the last month, affecting knitwear exporters. Fazlul Hoque, president of the Bangladesh Knitwear Manufacturers and Exporters Association, said this would harm the sector and hit 150 to 200 factories.…

By Alan Osborn, International News Services

Nature has dealt a string of savage blows to the world’s hungry and poor over the past year or so but just when we might have hoped for rich countries and individuals to help out by digging a bit deeper into their pockets, along comes the economic recession. The crunch may or may not have imposed genuine limits on the cash available to alleviate drought and famine but it has certainly given cautious people a wonderful excuse for doing less, especially after the record food aid donations of 2008.

BY RAGHAVENDRA VERMA

BANGLADESH knitwear companies such as Ambia Fashion Wear and Knitex International are looking forward to further relief following their government’s announcement last week of a second economic stimulus package within one year. It will funnel US$150 million to Bangladeshi export industries – mainly in the knitwear, garments and textiles sector – through direct export subsidies, fiscal policy support and assistance to lower input costs.…