Category: General

14 MAY

Bangladesh mulls garment export pact with India

Bangladesh mulls garment export pact with India
Hindu, India

Dhaka, May 14 (PTI): Bangladesh may sign a pact with India to export ready made garments to its giant neighbour and take advantage of New Delhi’s zero-duty offer for poorer SAARC nations, a news report has said.

The caretaker government is seriously considering India’s proposal to sign a memorandum of understanding (MoU) for duty-free import of eight million pieces of ready made garments annually from Dhaka apart from New Delhi’s zero-duty offer for poorer SAARC nations, including Bangladesh Read more about Bangladesh mulls garment export pact with India …

14 MAY

Pak can earn forex upto 80 bln dollars by developing garment sector

Pak can earn forex upto 80 bln dollars by developing garment sector
Associated Press of Pakistan, Pakistan

FAISALABAD, May 13 (APP): Pakistan can earn foreign exchange upto $ 80 billion by developing its garment sector on modern scientific lines, said Mukhtar Ahmad Sheikh, Chairman, Faisalabad Garment City Company (FGCC).Talking to APP here Sunday, he said that being a major cotton producing country, Pakistan had to switch over to garments by completing its value addition chain in textile sector at least 20 years ago. Read more about Pak can earn forex upto 80 bln dollars by developing garment sector …

12 MAY

Cambodia's economy grows by 13% in 2005: IMF

Cambodia’s economy grows by 13% in 2005: IMF
Channel NewsAsia

PHNOM PENH : Cambodia’s economy in 2005 grew twice as quickly as in the previous year on the back of booming tourism and strong garment exports, the International Monetary Fund said.
However, growth is expected to slow substantially over the current calendar year with record oil prices partially to blame.

For 2005 the IMF projected the kingdom’s gross domestic product (GDP) grew by 13 percent, against 6.0 percent in 2004, saying Cambodia was one of the fastest growing economies in the region. Read more about Cambodia's economy grows by 13% in 2005: IMF …

11 MAY

Federal agents raid El Paso garment plant

Federal agents raid El Paso garment plant
ASSOCIATED PRESS/Financial Express
05/10/2014

EL PASO – Federal authorities raided an El Paso garment plant Tuesday, seizing truckloads of documents and computerized records.
About 65 federal agents served a sealed search warrant at a National Center for the Employment of the Disabled clothing company, which makes military uniforms, said Andrea Simmons, an FBI spokeswoman in El Paso.
Simmons would not discuss what prompted the warrant or what investigators from the FBI, the IRS Criminal Investigation Division, the U.S. Army Criminal Investigation Command-Major Fraud Unit and the U.S. Read more about Federal agents raid El Paso garment plant …

10 MAY

CAMBODIA: Strike threat over wages cut to garment workers

CAMBODIA: Strike threat over wages cut to garment workers
Radio Australia, Australia

A plan by the Cambodian Government to update the country’s labour law is being applauded by employers and condemned by a major union. The first change to be legislated is likely to affect the garment making industry by cutting the wages paid to night shift workers. The union is threatening a nationwide strike, while the government says the move will create many more jobs.

Presenter/Interviewer: Karon Snowdon Read more about CAMBODIA: Strike threat over wages cut to garment workers …