Category: General

Cambodian PM underlines necessity to strengthen agriculture
2014-12-06 11:04:55
Xinhua, China 

    PHNOM PENH, Dec. 6 (Xinhua) — Cambodia must strengthen its agricultural sector as the nation’s pillar industries of garments and tourism are too vulnerable to events abroad, local media on Thursday quoted Prime Minister Hun Sen as saying.

    Diversification of trade is the greatest challenge facing Cambodia, as the nation is relying too heavily on textiles and tourism which are vulnerable to recession and terrorism, Hun Sen said at a government workshop on trade in Phnom Penh on Wednesday. Read more about Cambodian PM underlines necessity to strengthen agriculture …

INDIA: Presto provides complete textile testing labs for garment exporters
BharatTextile.com (subscription), India

MUMBAI: Presto® is India’s first ISO 9001:2000 certified company and is the only company that has supplied its instruments to all major commercial labs viz. Bureau Veritas, SGS, ITS & Texan Lab besides setting up complete textile testing labs for most leading garment exporters, buying houses & textile mills.

The company, promoted by a team of qualified Instrumentation & Textile Engineers manufacturing & marketing world Class Quality Textile Testing Instruments adhering to all International Standards Viz. AATCC, ASTM, BS, DIN, JIS & ISO introduces themselves as a leading TEXTILE TESTING INSTRUMENTS MFG. CO. Read more about INDIA: Presto provides complete textile testing labs for garment exporters …

Four-year wage revision in garment industry
Hindu, India

Coimbatore, Dec. 5 (PTI): The garment industry and trade unions in Tirupur have agreed for wage revision once in four years, thus ending the six-month long stalemate over the issue.

The employers wanted a five-year period for revision, as against three years demanded by the trade unions. The present agreement took place at a tripartite meeting held yesterday before the Joint Commissioner of Labour, they said. Read more about Four-year wage revision in garment industry …

Alibaba News Channel, NEW YORK
Editor: Zhou Luying
American Apparel Inc announced its financial results for the third quarter of 2014 and for the nine month period ended September 30, 2014.
Read more about American Apparel to finish 2014 with 80 new store openings …

Alibaba News Channel, NEW YORK
Editor: Zhou Luying

Impact of recession is quite visible on all the economies of the world. Countries, those were booming in the past few years are now badly disrupted because of global financial downturn.
Read more about India: Long term future of textile & apparels industry is bright – GHCL …

Alibaba News Channel, NEW YORK
Editor: Zhou Luying

Indian textile industry now donning a green colour, join hands with a global industry group, led by retail major Marks and Spencer and the University of Leeds called Reducing the Impact of Textiles on Environment (RITE)—which aims at reducing the negative environmental impact from the production of textiles and apparel throughout its supply chain.
Read more about Indian textile sector dons green colour …

Inteletex, UK

Pacific Textiles, Fast Retailing, Crystal International and Trendit Corporation are partnering to invest US$80 million in fabric and garment manufacturing facilities in Bangladesh.
Read more about US$80 million fabric and garment joint venture set for Bangladesh …

Xinhua, China –

DHAKA, Dec. 4 (Xinhua) — World financial crisis has provided an opportunity for Bangladesh’s garment industry to get more orders, an exporter said here Thursday.
Read more about Bangladesh's garment industry gets more orders despite world economic recession …

South Africa: Geekonomics
AllAfrica.com, Washington

OPINION
4 December 2014
Posted to the web 4 December 2014
Frank Walters And Matthew Stern
Johannesburg

THE ministers of finance and of trade and industry have started a surprisingly and refreshingly public discussion about trade and industrial policy.

In his budget presentation to Parliament Finance Minister Trevor Manuel cut to the heart of the issue by posing the key question: how can trade and industrial policies best promote the global competitiveness of South African companies, thereby increasing overall economic growth and job creation? Read more about South Africa: Geekonomics …

Macau : Textile & garment exports grow up 6.4%
December 4, 2014
Fibre2fashion.com, India

Information from the Statistics and Census Service indicated that, in October 2014, Macao’s total value of exports amounted to MOP1.57 billion, down 26.6% over the same month of 2005.

Among this, the value of domestic exports dropped 35.5% to MOP1.04 billion, while the value of re-exports remained unchanged, at MOP537 million. Total value of imports amounted to MOP2.92 billion, down 5.9% over the same period of 2005. A trade deficit of MOP1.34 billion was recorded. Read more about Macau : Textile & garment exports grow up 6.4% …