Search Results for: Mauritius

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.…

A MEETING of the European Parliament’s special committee on tax rulings has grilled multinationals over European Union (EU) member state tax rulings. The European Commission fears they have been abused by governments giving companies low tax rates in return for registering businesses in their jurisdictions.…

Regardless of the debate about whether China is losing its shine as a clothing source, brands will always be looking for a competitive edge in new manufacturing hubs.

Myanmar’s low wage garments sector, for instance, is poised for rapid growth. The country’s first democratically elected government in 50 years is set to assume power in April and several reforms have already been made to bolster the country’s appeal as a sourcing destination for international clothing brands.…

ONCE clothing sourcing was all about China. No longer. Recent years have seen a continuous decline in China’s export industry, especially in labour-intensive sectors such as clothing and shoe manufacturing, because of rising labour costs and an appreciating Chinese Yuan Renminbi (CNY or RMB).…

While many economies in Africa are growing fast, there is a consensus amongst accountants that the continent has to build its business reporting and administration to make sure this growth is sustainable. Indeed, the third African Congress of Accountants (ACOA), staged in Port Louis, Mauritius, from May 11 to 14, heard that this essential work is needed now, even as some countries remain marred by severe socio-political unrest, economic instability, poverty, famine and disease.…

Although Morocco’s garment production industry is well established, supplying giants such as Inditex, it is investing in capacity to compete with Asian rivals and new African competition, such as from Ethiopia and Mauritius.
As part of the 2014-2020 Accelerated Industrial Plan, the Moroccan government has assigned Moroccan Dirham MAD3 billion (USD304 million) for grants between these years for industrial small-and-medium sized enterprises (SMEs) with established supply chains and sales networks.…

Delhi International Airport (P) Ltd (DIAL), the private operator of the New Delhi’s Indira Gandhi International Airport has exited from the airport’s cargo business by selling its entire 26% equity stake in Delhi Cargo Service Centre Pvt. Limited.
“DIAL on 16th March 2015 has sold and transferred its entire holding…to India Infrastructure Fund-II [a private international investment vehicle]…and has received the total consideration of USD4.6 million,” GMR Infrastructure Limited, DIAL’s parent company has informed the Bombay Stock Exchange.…

The United States’ African Growth & Opportunity Act (AGOA) has helped boost many African countries’ apparel and textile sector, giving them duty-free and quota-free access to the US market. And while many are keen to see the act renewed before its expiration this September 30, some countries have benefited more than others.…

PLASTIC banknotes have been in circulation since their introduction in Australia in 1988 and their use is expanding. Counterfeiters beware. Alan Osborn, in London; Kitty So, in Ottawa; and Lee Adendorff, in Byron Bay, Australia, report.

FAKING banknotes is considerably more difficult on plastic than on cotton-based paper, and while printing technology improvements may aid forgers, central banks seem happy to avail themselves of the competitive advantage.

Plastic banknotes have been in circulation since their introduction in Australia in 1988 and the consensus so far seems to be that they do an excellent job of a key requirement – reducing counterfeiting. It may be that forgers will gain more expertise in time – faking is considerably more difficult on plastic than on cotton-based paper – but the initial reports from larger countries that have taken this route, such as Canada, Australia and New Zealand, have persuaded the UK’s Bank of England to follow them.