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 Australia’s cotton industry is anticipating a significantly reduced yield in the 2014/15 harvest if the ongoing drought in the country’s cotton-growing regions does not ease.

Adam Kay, CEO of peak industry body Cotton Australia, told just-style.com that if the very dry conditions continued, preliminary forecasts were for a total harvest of around 2.5 million bales in the 2014/15 season, compared to the nearly 4 million bales harvested in 2013/14.…

THE ASSOCIATION of Southeast Asian Nations – ASEAN Capital Markets Forum (ACMF) has announced that the ASEAN framework for cross-border offerings of collective investment schemes (CIS) is now operational in Malaysia, Singapore and Thailand. The regulatory system allows fund managers working from these member jurisdictions to offer locally constituted schemes, such as unit trust funds, to retail investors in other member jurisdictions, using a streamlined authorisation process.…

Indian accountants are once again preparing to adopt International Financial Reporting Standards (IFRS) after announcement by the new Bharatiya Janata Party (BJP)-led government. But major corporations and their accountants are wary, having wasted resources five years ago when the previous Indian National Congress Party-led government abandoned similar plans at the last moment.…

Two new textile machinery exhibitions due to be held in Turkey in October are expected to provide a significant boost to the country’s textile industry as it seeks to expand its range of machinery across its long textile and clothing supply chain.…

PAKISTAN’S ministry of textile industry has claimed that textile and clothing exports to the European Union (EU) has increased by 18% from January-June 2014 increased by 18% compared to last year following its membership of the revised EU Generalised Scheme of Preferences Plus (GSP+) for low tariffs.…

Researchers in Hong Kong have developed a thin coating made of nano-particles that when applied to fibres and exposed to sunlight creates charges that cleans them of contamination. Furthermore, they have developed a system allowing these particles to be applied through wet processing, without damaging cashmere’s notoriously delicate structure.…

The livestock sector in Syria has been seriously impacted by the country’s ongoing civil war, with poultry production down by over half compared to pre-conflict levels, cattle herds by 40%, and the number of sheep down by 30%. Meanwhile, veterinary services have almost collapsed.…

CHINA’S technical textile sector – producing everything from protective gear for steel workers to materials used in artificial kidneys – has enjoyed strong growth in recent years, and 2013 was no exception. According to the annual report of the Beijing-based China Nonwovens & Industrial Textiles Association (CNITA), the value of the technical textile sector and the fixed asset investments within it grew in 2013 by 12.9% and 28.7% respectively year-on-year.…

Chinese construction firms have cornered plenty of business in Africa and Latin America, but they need upskilling to consolidate their position. Anyone who observes the queues of nervous young men lining up in the early morning in Beijing’s tree-lined Sanlitun diplomatic district will be in no doubt of the intensity of Chinese activity in Africa and Latin America.…

AFTER upgrading its laws against money laundering, Bangladesh has earned praise from anti-money laundering (AML) watchdogs however implementing this legislation remains an uphill challenge. Satisfied with the progress Bangladesh made toward plugging “strategic deficiencies” in its AML and combating the financing of terrorism (CFT) regime, the Financial Action Task Force (FATF) removed the country from its special watchlist.…