Bangladesh cuts export tax on RMG manufacturers

2018/09 17 03:09

Following hectic lobbying by apparel manufacturers, the Bangladesh Government recently reduced source tax on export earnings for readymade garments (RMG) and other export sectors to 0.6 per cent from the existing 1 per cent. The corporate income tax rate for RMG manufacturers and exporters was also reduced to 12 per cent from 15 per cent. […]

Philippine fabric expo explores growth prospects

2018/09 17 03:09

Courtesy: Philippine Information Agency The recent Philippine Garment and Leather Goods Industries & Fabric Expo showcased export-quality products and helped connect with investors to discuss business opportunities. As many as 11 local and 70 foreign companies presented their innovations at the first-ever trade event in the Philippines focused on promoting wearables, textile, and leather sectors. […]

Parents most demanding about product safety: Oeko-Tex

2018/09 17 03:09

Courtesy: Oeko-Tex Parents represent the most demanding consumer segment of all with regard to product safety and responsible production of textiles, according to an Oeko-Tex consumer study which also shows what consumers think about textile sustainability and how certifications and labels can help them make informed buying decisions with a clear conscience. The findings of […]

Inditex sees strong sales & operation performance in H1

2018/09 17 03:09

Courtesy: Inditex Inditex has witnessed strong sales and operation performance in the first half of fiscal 2018. The net sales rose 3 per cent in the first half to mark a new record for the period of €12.03 billion, underpinned by growth across all of its geographical markets. This was in spite of the strength […]

Loepfe to show quality control solutions at ITMA Asia

2018/09 17 03:09

Courtesy: Loepfe Brothers Loepfe Brothers, a specialist for integral quality control systems, will present a comprehensive portfolio of quality control solutions for the textile industry at ITMA Asia beginning October 15, 2018 in Shanghai. The display will also include the company's YarnMaster Zenit+ for winding and the WeftMaster Falcon-i for quality control of high-tech materials. […]

US imports rising, threatened by tariffs: NRF

2018/09 17 03:09

The total imports at major US retail container ports for 2018 are likely to reach 21.4 million Twenty-Foot Equivalent Units (TEU), but increasing tariffs pose a threat, according to a recent report. A TEU is one 20-foot-long cargo container or its equivalent. Imports in the first half of 2018 were 10.3 million TEU, rise of […]

Indo-US trade deal talks at initial stages: White House

2018/09 17 03:09

Talks for better US-India trade deals that meet the requirements of both the nations are at the initial stages, White House press secretary Sarah Sanders said recently. A number of US government officials, who just returned after attending the maiden 2+2 dialogue in New Delhi, have expressed willingness for such deals, she said at her […]

BGMEA wants tax cuts to cope with wage hike in Bangladesh

2018/09 17 03:09

Bangladesh garment factory owners will negotiate with the government for benefits like cash incentives or tax waivers to tackle rise in workers’ wages and have also suggested adjusting salaries in line with inflation instead of forming annual wage boards, said Siddiqur Rahman, president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA). Rahman was addressing […]

Huddersfield to host ‘Make it British Forum’ on Nov 2

2018/09 17 03:09

The historic textile town of Huddersfield in West Yorkshire will on November 2 host the ‘Make it British Forum’, a gathering of fashion and textile industry professionals, offering presentations, panel discussions, networking opportunities and the chance to learn how to make the most of a UK label. This year’s theme is ‘Building a Made in […]

Logistics costs turn Vietnam’s garment firms uncompetitive

2018/09 17 03:09

High logistics costs for exports have made Vietnamese garment and textile firms uncompetitive, experts caution. Textile and garments export value in 2017 was $31 billion, an increase of 19.2 per cent compared to 2016 figures, according to statistics from the Vietnam Textile and Apparel Association (VITAS), which is also lamenting over the high logistics costs. […]

India sets up secretaries panel to look into e-com issues

2018/09 17 03:09

India has set up a group of secretaries to be chaired by the secretary in the Department of Industrial Policy and Promotion (DIPP) to look into the issues raised on some proposals of the draft e-commerce policy. The first meeting of the group is likely to be held this week. DIPP has reportedly ruled out […]