Author: Indonesia Grament

Foreign garment owners to ask compensation from Bangladesh gov’t
People’s Daily Online, China

Foreign garment factory owners will demand compensation for the destruction of their units during the last three days in the highly protected industrial park at Savar, 25 km west of Dhaka, an owner of a foreign garment unit said on Thursday.

The owners told private television channel Ntv that “Bangladesh government should take the responsibility of damaging our factories and should pay compensation.”

Bangladesh’s garment, the No. 1 export earner, saw the worst unrest since Saturday during which 250 garment units were damaged by workers Read more about Foreign garment owners to ask compensation from Bangladesh gov't …

Flea market reveals journey of ‘illegal’ garment
Anissa S. Febrina, The Jakarta Post, Jakarta

How does a soft gray flannel skirt, worn in the springtime by a Japanese woman who has long since grown old, find its way into the closet of a Jakarta teenager?

As vintage and retro become some of the most popular words in the language of the city’s beautiful people, the law of supply and demand explains it all.

On a street in front of Senen market in Central Jakarta, just before the clock strikes seven in the morning, thousands of secondhand garments are unpacked. Read more about Flea market reveals journey of 'illegal' garment …

Washington Post, United States
Bob Frick, Senior Editor,
Kiplinger.com
Friday, May 23, 2014; 12:00 AM

At a glance, American Apparel seems like a great business story and an even greater investing story.
Read more about American Apparel: Don't Discount the Skeeze Factor …

Hindu, India
Coimbatore (PTI): Cotton lint prices continued to remain steady during the first fortnight of the month, according to South India Cotton Association (SICA).
Read more about Cotton prices continue to maintain steady trend …

Gokaldas consolidated revenues breach Rs 10 bn barrier
Myiris.com, India

Gokaldas Exports, India`s largest manufacturer of readymade fashion garments, became the first ever Indian apparel company to cross the Rs 10 billion revenue mark. The company`s consolidated revenues for the year ended Mar. 31, 2014 climbed 16.5% year on year to Rs 10,449.60 billion, from Rs 8,973.60 million last year.

Due to higher realization and greater cost reduction efforts, the consolidated profit after tax (PAT) for the year rose 15.7% to Rs 705.3 million from Rs 609.7 million last year. Read more about Gokaldas consolidated revenues breach Rs 10 bn barrier …

India blamed for Bangla garment workers’ stir
NewKerala.com, India

Dhaka: Bangladesh Garment Manufacturers and Exporters Association (BGMEA) leaders have termed the current violence at their factories as “part of a conspiracy by a neighbouring country.”

One person was killed and 100 were injured, 250 garment factories set ablaze and scores ransacked in the spate of violence, mainly in the export processing zone (EPZ) at Savar on the outskirts of Dhaka. Read more about India blamed for Bangla garment workers' stir …

Vietnam targets to double garment export turnover in 2014
People’s Daily Online, China

Vietnam has eyed garment export revenues of 13-15 billion U.S. dollars in 2014, up from targeted 7 billion dollars in 2014, according to the Vietnam Textile and Apparel Association (Vitas) on Wednesday.

To achieve the target, local garment and textile producers are increasing the local content to 50 percent and the added value to 50 percent in the next four years. Read more about Vietnam targets to double garment export turnover in 2014 …

Hindu, India
Bhubaneswar (PTI): As many as 80 temporary garment shops were gutted in a devastating fire at Saheed Nagar area here early on Wednesday.
Read more about Makeshift garment bazaar gutted …

Bill seeks orderly phase out for garment firms
Saipan Tribune

A new bill was introduced in the House of Representatives to standardize the process for winding up garment manufacturing operations in the Commonwealth.
Rep. Jacinta Kaipat authored the bill in light of the 2005 expiration of the international textile quota system, which has caused a decline in local apparel production and factory downsizing or closures on the islands. Read more about Bill seeks orderly phase out for garment firms …

Roundup: Bangladeshi gov’t is in trouble with power shortage
People’s Daily Online

The Bangladeshi government is in trouble with power shortage that is creating public anger across the country ahead of the general elections due in January next year.
Power supply is bad in the country and observers fear that it might create series of protests and the country has already witnessed explosions in the capital Dhaka and western Bangladesh, that left 20 people killed and hundreds wounded Read more about Roundup: Bangladeshi gov't is in trouble with power shortage …