The Indonesian textile industry growth prospects are estimated to remain sluggish during the 2014 year, owing to the planned increase in electricity power next year, said Benny Soestrisno, chairman of the advisory board of the Indonesian Textile Association (API). Mr. Soestrisno said the rise in electricity tariffs goes against the Government’s aim to improve competitiveness in domestic industries, especially during the phase of ASEAN Economic Community (AEC), which will take effect from 2015

PHNOM PENH (The Cambodia Herald) -- Around 40 Labor Unions in Cambodia have all agreed to pursue the third formula given by the Ministry of Labor, of a one time hike in minimum wage for footwear and garment factory employees in 2014. The Labor Unions agreed to pursue the hike in salary during a two-day meeting held on December 17-18. Ath thon, President of the Coalition of Cambodian Apparel Workers’s Democratic Union (C.CAWDU), said that the union leaders have chosen the one time hike in s

Owners of tannery, leather and leather goods industries demanded interest waiver on bank loans for the next two years in order to recover the business-losses during the past few months due to the political violence in the name of frequent hartal and blockade across the country. In addition, they also demanded fresh loans with a view to making payments of salaries and wages of the employees and workers during the period of political standoff. Engr M Abu Taher, chairman of Bangladesh Finished Leat

- File Photo The Economic Coordination Committee (ECC) of the cabinet on Tuesday formally approved a prime minister’s directive for diversion of 85 million cubic feet of natural gas from electricity to textile units. A senior government official said the withdrawal of gas from power sector would have an adverse impact on electricity tariff because of resultant reliance on furnace oil when hydropower generation would come to almost negligible level in the wake of winter canal closure. Ho

It may be the financial capital of Madhya Pradesh, but when it comes to technology, garment manufacturers have not yet developed a liking for the same. There are two main reasons for their inhibitions for not embracing modern technology. There is cheap labour available in the city and the labourers employed are not skilled in the art of garment manufacturing. Those who have been in this business for years, feel that it is better and cheaper to employ a large number of workers. Their thinki

The entirely foreign-owned plant is expected to have an annual production capacity of 19,000 tonnes of yarn and 6,000 yards of fabrics. China will invest US$22m towards setting up a spinning and textile factory named “Asia Spinning and Textile Mills Limited” in Ishwardi EPZ in Pabna. An agreement in this regard has been signed between Bangladesh Export Processing Zones Authority (BEPZA) and Asia Spinning and Textile Mills Limited in Dhaka on Tuesday at the BEPZA Complex, said a press relea

Bangladesh has slowly emerged as the world’s second largest exporter of ready-made clothes and has been able to slowly close the gap with China, the once ‘leading dragon’ of the global economy. According to the reports, Bangladesh’s garment industry is expected to scale new heights and reach USD 30 billion by 2015. The country boasts of approximately 5,000 garment factories which sell their clothes to western brands like H&M, Gap, Marks and Spencer. With China losing its ‘low cost’ ad

Younus Bashir stressed upon the need of self-sustainable special economic zones for the purpose of producing exportable commodities on a 24-hours basis. PHOTO: AFP/FILE SITE Association of Industry Chairman Younus Bashir said that the government should prepare a comprehensive strategy for the textile sector to ensure that the country benefits from the grant of GSP Plus status which is very important under the current circumstances. He stressed upon the need of self-sustainable special eco

Vietnam’s garment and textile industry is able to earn 8.5 billion USD from selling its products to the US by the year-end, up 10.4 percent from 2012. According to the US Chamber of Commerce (AmCham) in Vietnam, the sector is likely to post a gradual growth in its apparel exports to the market due to a moderate increase in labour costs estimate for next year. The Southeast Asian nation is expected to enjoy the strongest growth among the largest clothing exporters to the US, namely China, I

The export orders for finished leather, leather goods and footwear have drastically declined by around 60 per cent following the political standoff, frequent long spells of nationwide hartal and blockade in the last one month, making a heavy blow to the sectors. The industry insiders said the foreign buyers of Bangladeshi finished and crust leather and leather goods were refraining themselves from making new export orders in the last month as they were skeptical of timely delivery of their impor