Search Results for: Bangladesh

BY RAGHAVENDRA VERMA

AN INDIAN textile mills federation is demanding an immediate ban on cotton exports as weak production in the country is leading to a "grave situation" for industry supplies. The Southern India Mill Association says a delayed monsoon and heavy floods in many cotton growing areas may lead to a 10% lower output in the world’s second largest producer of cotton.…

BY RAGHAVENDRA VERMA

STREET protests are wracking Bangladesh’s urban centres as its 2.5 million knitwear and garment workers protest against closure of factories and demand a raise in their minimum hourly wages from US$0.11 to US$0.35. Last week, (October 31) four people including a policewoman were killed and over 100 injured in clashes with police at Tongi, 20 km north of capital Dhaka.…

BY MARK GODFREY

THE NUCLEAR power authorities of Bangladesh deny they have reached terms with Russia’s Rosatom atomic energy corporation, despite Russian claims that it had secured the deal to build Bangladesh’s long-planned nuclear plant. Mohammed Muzammel Haque, chief engineer at the Bangladesh Atomic Energy Commission (BAEC), claims Bangladesh has opted to build a 1,100 MW plant.…

BY KEITH NUTHALL

CORRUPTION begets fraud and fraud begets corruption, and there are few harder crimes to tackle than complex frauds rooted in institutionalised and culturally tolerated corruption. As a result, the work of international organisation Transparency International has been key in fighting fraud worldwide, especially that linked to corruption.…

BY MARK GODFREY

AUTOMOBILE sales are down slightly this year in Bangladesh, after a decade of dramatic growth in vehicle ownership. Fluctuating orders for the country’s export-dependent garments industry is depressing sales of vehicles, commented Shah Khaled Pavel, assistant manager for sales at Navana Ltd, Bangladesh’s largest dealership for new Toyota cars.…

BY RAGHAVENDRA VERMA

THE INDIAN paint and coating industry is currently passing through a significant transitional phase – being forced to shift its production from solvent-based to water-based products. The high crude oil prices in 2008 so increased the cost of raw materials that despite the fall in prices from last summer, many paint manufacturers have had little option but to move away from oil-based coatings.…

BY MARK GODFREY

THE EMPTINESS of the Giordano store in the departures terminal at massive Baiyun International Airport outside the southern Chinese megapolis of Guangzhou suggests hard times for Hong Kong’s most vaunted and ambitious apparel retailer. This is the capital of wealthy Guangzhou province after all, the manufacturing base for most of Hong Kong’s garment firms.…

BY RAGHAVENDRA VERMA

INDIA’S cosmetics industry appears to have taken the international economic downturn in its stride as the US$950 million market grew by more than 15% in 2008-09, according to the Confederation of Indian Industries (CII).

All the major brands speaking to Soap Perfumery & Cosmetics are registering a positive growth and companies remain confident about the future prospects.…

BY MARK GODFREY

WITH the global recession raging across most of the world, Bangladesh’s knitwear sector is maintaining a strong commercial position and looks better geared to survive the economic downturn than some of its regional competitors. Orders have only dipped marginally say local knitwear producers.…

BY MARK GODFREY

INVESTMENT in Bangladeshi dyeing capacity appears stalled as growth in the country’s garment exports slows. Prices for imported dyes are also dipping. Yet given long-term steady growth expected in the country’s apparel industry, there are opportunities for dye importers.…