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AS China’s retreat from mass market clothing production continues, Bangladesh knitters are eyeing another added value knitwear niche – sportswear. Following the industry’s success in boosting sales within the profitable lingerie segment, Bangladesh manufacturers are ramping up production in sports apparels, although some experts say that work is needed on boosting its supply chain, particularly of manmade fibres.…

India’s new Goods and Services Tax (GST) system has severely disrupted tax refund payments and duty drawbacks to exporters, leading to higher production costs and a 30% dip in knitwear exports, experts have warned.

Since its adoption in July 2017, the new value added tax system has been criticised for its complexity – with the knitwear sector having to deal with four separate tax brackets – and forcing small business to invest in online accounting infrastructure that they cannot afford and are ill equipped to manage.…

PAKISTAN’S government is considering a fresh package of incentives for the country’s exporters, including the key textile and clothing sector, which is particularly interested in the fact officials are examining reducing energy bills. Industry insiders have long argued high energy costs in Pakistan are one of the key factors for increasing production expenses, reducing competitivity and hence overseas sales.…

Vietnamese textile and garment industry officials have capped a bumper 2017 with forecasts for further robust export growth this year if it can overcome challenges from neighbouring country textile sectors by investing in skills, equipment and automation. 

Le Tien Truong, general director of the Vietnam National Garment and Textile Group (Vinatex), predicting a year-on-year increase of 10% in export value, to USD34 billion, from 10.23% annual growth in 2017 when exports totalled USD31 billion.…

WITH full supply chains and innovative products, Thailand’s knitwear industry is thriving, making the country a nucleus for fashion manufacturing in the Association of Southeast Asian Nations (ASEAN) region. Thai Garment Manufacturers Association (TGMA) executive director Chartchai Singhadeja said: “Thailand’s strength lies in our full-value supply chains, starting from fibres to yarns and fabrics, then apparel and clothing within the fashion industry.”…

LURED by a shifting global market and better margins, Bangladesh’s apparel producers are rushing into the lingerie space, predicting Chinese manufacturers will secure fewer export orders for these lines as their costs rise.

This new niche opportunity for the Bangladesh industry is fortuitous, as it dovetails with the country’s textiles and clothing makers’ core strategy of moving from their traditional low-cost growth pillars, such as t-shirts, shirts, trousers, jackets and sweaters.…

HOW will the Indian food industry evolve in the next decade? If the last decade was about India opening up to the global palate, the next decade is definitely about health and wellness, industry executives said at the India Food Forum 2018, held at Mumbai from January 17 to 19.…

High on the agenda of Dr Oetker India managing director and chief executive officer Oliver Mirza is making India a major production hub, not just for manufacturing packaged foods scoring sales in India’s growing markets, but also for exports.

In a wide-ranging interview with just-food on the sidelines of the India Food Forum, staged in Mumbai last month (January 17-19), Mirza said that by 2020, Dr Oetker India was targeting sales of Indian Rupees INR10 billion (USD155 million) of which its sub-brand FunFoods will account for INR5 billion (USD 77.50 million).…

SINGAPORE’S Accounting Standards Council (ASC) has issued the Singapore Financial Reporting Standards (International) (SFRS(I)s), the city state’s equivalent of International Financial Reporting Standards (IFRSs). This new set of rules will cover Singapore-incorporated listed company accounts for annual periods beginning January 1, 2018, and onwards.…

THE SECURITIES Commission Malaysia (SC) has issued Guidelines on Sustainable and Responsible Investment (SRI) Funds to boost the growth of green investments in the country. The advice follows Malaysia issuing in July the world’s first green sukuk (Islamic bond).

The new advice applies to conventional as well as Islamic sustainable finance, including unit trust funds, real estate trust funds, exchange-traded funds, and venture capital and private equity funds.…