Category: General

Bank consortium offers new loans to garment factory
Thai News Agency MCOT, Thailand

BANGKOK, July 21 (TNA) – Several banks which had earlier provided loans to the Thai Silp South East Import Export Co. have offered to extend additional funds to the debt-ridden garment factory which recently declared its intention to go out of business early next month.

Kasikorn Bank vice president Boonthak Wangcharoen said executives of the Thai Silp garment factory’s creditor banks, namely Bangkok Bank, Bank of Ayudhya, Siam Commercial Bank, HSBC and the Kasikornbank, had met together and agreed to give more loans for the factory, despite its management’s decision to go out of business in the face of a Bt1.4 billion loss. Read more about Bank consortium offers new loans to garment factory …

India offers to buy 8 mn garment items from Bangladesh
Hindu, India

Dhaka, July. 22 (PTI): India has offered to buy eight million items of garments every year, which are currently in the sensitive list, from Bangladesh to deepen trade ties.

“An MoU to give effect to these imports by India is now awaiting final approval by Bangladesh and I hope it can be signed very soon,” Minister of State for Commerce Jairam Ramesh said here at the launch of the India-Bangladesh Chamber of Commerce and Industry. Read more about India offers to buy 8 mn garment items from Bangladesh …

Nhan Dan, Vietnam
Nhan Dan – State-owned commercial banks and the Joint Stock Bank for Foreign Trade of Vietnam are requested to provide loans in foreign currencies to members of the Vietnam Garment and Textile Group according to the foreign currencies quotas that these banks have pledged.
Read more about Foreign currency loan quotas granted to garment and textile group …

Manila Bulletin, Philippines
By BERNIE C. MAGKILAT
A strategic plan for the rehabilitation of the domestic garment industry has called for the industry to piggy back on the country’s booming business processing sector by providing a special set of incentives to attract the huge foreign garment and textile manufacturers to put up their back office support operations here to support their own manufacturing processes.
Read more about Rehab plan for garments industry up spacer …

Stopping the hemorrhaging by touching the hem of the garment
The Tidings, CA
By Rev. Ronald Rolheiser, OMI

Several years ago in Germany, while giving the sacrament of confirmation, a bishop was questioning the children who were about to be confirmed: “Who can administer the sacrament of confirmation?” he asked. A young girl answered: “Any bishop, once he’s attained the age of reason!”

Our old catechisms used to tell us that we reach the age of reason at, roughly, age seven. At one level, that’s true, we can be responsible for ourselves then in a way we couldn’t when we were toddlers or in kindergarten. But it takes a lot longer than age seven, a lifetime really, to be in full ownership of ourselves. Read more about Stopping the hemorrhaging by touching the hem of the garment …

Bahrain : Garment makers demand swift execution of FTA
July 20, 2014/Fibre2fashion.com, India

Garment manufacturers of the country have requested to implement Free Trade Agreement (FTA) soon because any delay may result in 4,000 job loss.

Under FTA, manufacturers get duty concessions, which will support speedy revival of the ailing factories, informed Harinder Singh Lamba, Vice-Chairman, Bahrain Chamber of Commerce and Industry Readymade Garments and Textiles Committee. Read more about Bahrain : Garment makers demand swift execution of FTA …

Thai garment makers eye U.S. market via bases in Vietnam
People’s Daily Online, China

Thai textile and garment producers have shown interest in establishing production facilities in Vietnam to serve their exports to the United States, local newspaper Vietnam News reported Thursday.

Thailand has encountered difficulties in reaching a free trade agreement with the United States, so lower labor costs in Vietnam and the country’s imminent entry into the World Trade Organization will help Thai-invested enterprises to boost their exports to the U.S. market, the newspaper quoted sources from the Vietnamese Trade Office in Thailand as saying. Read more about Thai garment makers eye U.S. market via bases in Vietnam …

For the Summer Fashionista
KPLC TV

By Daisy Whitney
At long last, the time is nearing to shed the tights and turtlenecks, the sweaters and socks.
Warm weather is just around the bend and that means bare feet, swirling skirts, cool tees, Bermuda shorts and lots of white, white, white. Read more about For the Summer Fashionista …

Sweatshops In Los Angeles
NBC 4

LOS ANGELES — One of the biggest sectors of the Los Angeles economy is the garment industry, but that industry continues to be plagued by sweatshop conditions, according to a new book written by a group of University of California Los Angeles students. NBC4’s Kelly Mack took an inside look at the sweatshop conditions in Los Angeles. Read more about Sweatshops In Los Angeles …

Garment factory closed, severance pay for employees
Thai News Agency MCOT, Thailand

SAMUT PRAKAN, July 19 (TNA) – A garment firm, Thai Silp South East Import Export Co, will shut down its factory on August 7 due to heavy loss and offer severance pay to about 6,000 employees, Labour Minister Apai Chandanachulaka said Thursday.

About 200 policemen were on guard as employees peacefully rallied outside the factory in Bang Phli district of the Bangkok’s outlying province.

Sakda Thepcharoenniran, chief of the Samut Prakan branch of the Labour Protection and Welfare Deparment, said the company would hand out a portion of the total severance payment while the rest would be paid after it manages to sell its properties. Read more about Garment factory closed, severance pay for employees …