Category: General

14 JUL

More tax evasion cases Now its a garment export unit

More tax evasion cases Now its a garment export unit
Express News Service
Ludhiana Newsline, India

Ludhiana, July 13: After the detection of tax evasion to the tune of Rs 15 crore this April by Vishvkarma Alloys, the Central Excise Department has detected yet another fraud—involving another Rs 15 crore.

In a comprehensive investigation against a garment export house based in industrial area A, the department found it has claimed rebates worth Rs 15 crore over last three years. Duty invoices of Rs 12 crore were found bogus and further investigations are on, revealed VK Garg, Chief Commissioner, Central Excise Commissionerate, Ludhiana. Read more about More tax evasion cases Now its a garment export unit …

13 JUL

Growing garment exports flirt with quotas

Growing garment exports flirt with quotas
(12-07-2014)
Viet Nam News

HA NOI — Garment exports grew 33 per cent year-on-year in the first six months of this year, earning a total of US$2.7 billion, $1.4 billion of which came from the US market, reported the Viet Nam Textile and Apparel Association (Vitas).The majority of exports to the US fell under quotas, suggesting a likely quota shortage in later months of the year, according to Vitas chairman Le Quoc An. Read more about Growing garment exports flirt with quotas …

13 JUL

INDUSTRY & EXPORTS PRESSURE FROM STRONG BAHT

INDUSTRY & EXPORTS PRESSURE FROM STRONG BAHT
Bangkok Post, Thailand

‘300,000 garment jobs could be lost’
Exporters must lift competitiveness

PHUSADEE ARUNMAS DARANA CHUDASRI

Up to 300,000 jobs in the apparel industry could be lost if Thailand’s currency continues to strengthen, according to local exporters. Phongsak Assakul, president of the Thai Textile Manufacturing Association, said the apparel industry was facing a genuine crisis that would affect the 1.06 million people who work in the weaving, textile and garment sectors.

”The impact [of a stronger baht] could spread to working families as well as upstream industries like yarn and dyeing,” said Mr Phongsak, who is also a vice-chairman of the Thai Chamber of Commerce. Read more about INDUSTRY & EXPORTS PRESSURE FROM STRONG BAHT …

12 JUL

Garment industry hunts for new plant sites in other Asian nations

Garment industry hunts for new plant sites in other Asian nations
Nation Multimedia, Thailand

To stay one step ahead of stiff international competition, Thai garment manufacturers are hedging their bets through foreign expansions, to take avantage of lower costs and market access India, China and Vietnam have a high potential to become sites for Thailand’s next offshore garment-manufacturing plants, following the uncertain outcome of the Thai-US free-trade agreement, reports Achara Pongvutitham Read more about Garment industry hunts for new plant sites in other Asian nations …

12 JUL

Garment, textile sector short on growth

Garment, textile sector short on growth
Vietnam Economic Times, Vietnam
VNECONOMY updated: 11/07/2014

The garment and textile sector has not grown as expected despite the fact that limits on exports were removed when Viet Nam joined the World Trade Organisation, according to industry experts.

They said Vietnamese businesses aren’t taking advantage of opportunities to make Free on Board (FOB) goods– items that Vietnamese companies are no longer responsible for after they are loaded onto transport ships or planes. These contracts can be more lucrative for export businesses because they do not have to insure the cargo or pay import duties when the items reach their destination. Read more about Garment, textile sector short on growth …

11 JUL

CNMI: 10th Garment Factory To Shut Down

CNMI: 10th Garment Factory To Shut Down
Sunday: July 9, 2014
Pacific Magazine, HI

(Marianas Variety Online) – The remaining workers of Handsome (Saipan) Inc. have started cleaning up the facility of the Tanapag garment factory, which is closing its business operations on Sunday after 10 years of operating here.

Former employees, as well as some employees of its sister factory, Top Fashion Corp., were cleaning up the area yesterday and hauling office furniture, equipment and other items either for disposal or transfer to another facility.

“I was surprised that the factory is closing — I have been working here for about a year,” said one of the employees, 28-year-old Jaime Reyes, in an interview at the site. Read more about CNMI: 10th Garment Factory To Shut Down …

11 JUL

Germany firm starts up garment plant

Germany firm starts up garment plant
Saigon Times Daily, Vietnam
By QUOC HUNG

(SGT-HCMC) Germany’s S4 Fashion Partner (Vietnam) Co. Ltd. yesterday commissioned a garment factory in the southern province of Binh Duong.

Helmut Sasse, general director of the company, said it had invested some US$1 million in the facility covering more than 1.1 hectares in My Phuoc II Industrial Park. Read more about Germany firm starts up garment plant …