Vietnam has potential to expand garment exports to France:
At a seminar to promote textile and garment exports to France and other
EU countries, held in Ho Chi Minh City last week, French experts
affirmed that Vietnam had vast potential and opportunity to expand
exports to France.
The EU market is ranked second after the US for Vietnam’s textile and
garment manufacturing industry, and export turnover to France was
US$202 million in 2011.
Ms. Alice Baey, global purchasing director of the Casino group, one of
the biggest European retailers with about 10,000 stores in nine
countries, said that textile and garment exports from China and
Bangladesh have occupied a large market share in EU countries and in
more at BUSINESS IN BRIEF 23/3:
Garment and textile exports to EU plunge:
The volume of Vietnam’s garment and textile exports to the European
Union (EU) market saw a year-on-year reduction of 30 percent during the
January to mid-March period, said the Vietnam Textile and Garment
more at BUSINESS IN BRIEF 23/3:
Businessmen flock to the countryside to set up workshops:
Instead of spending hundreds of billions of dong to buy land in big
cities and wait for the workers coming from small provinces.
Businessmen now tend to set up production bases in the countryside to
Maxport, a big garment company headquartered at No 88 Ha Dinh Street in
Thanh Xuan district of Hanoi, has also “followed” its workers to go to
Thai Binh province. A representative of the company said that the
company can cut down expenses to run the two factories with thousands
of workers since the day it relocated to Thai Binh province.
Minimum Wage Policy To Have Relatively Marginal Effect On Economy:
The minimum wage policy will have a relatively marginal effect on the
economy in the long term, says Bank Negara Malaysia (BNM) assistant
governor Dr Sukhdave Singh.
Sukhdave said it would not only be good for the economy and ensure
Malaysia achieve its high-income nation goal but would also increase
“If your competitiveness is based on providing wages that are very low
then that’s the wrong economic structure.
“If our agenda is determined by the low value-added industries paying
low wages, we will not achieve the objective of high-income nation
goal,” he said at the question-and-answer session at the Seminar on BNM
Governor’s Address on The Malaysian Economy & Panel Discussion here
Thai, Burmese business leaders to talk deals:
Representatives from 16 Thai companies will arrive in Burma on Thursday
to meet with about 100 Burmese business persons.(..)
Mizzima reported on Monday that some of Thailand’s top garment
companies will move their operations to Burma in the coming year.
Cotton importers look for alternative markets:
Bangladesh scopes out alternative cotton markets as India, one of its
major sources, has imposed a ban on export of the item, which is
hurting the domestic spinning sub-sector, businesspeople said.
Fire safety inspection program for Bangladeshi RMG sector:
PVH Corp. announced that it has entered into a Joint Memorandum of
Understanding with a group of non-governmental organizations consisting
of Clean Clothes Campaign, Worker Rights Consortium, The International
Labor Rights Forum, and Maquila Solidarity Network, as well as a group
of eight international and Bangladeshi trade unions, regarding fire and
building safety in Bangladesh’s apparel factories.
12hr Power Cut a Day-
Industries pushed into big trouble:
The government decision to discontinue power supply to industries for
12 hours a day has irked industry owners, with many saying their
businesses will fold if the situation persists. On Tuesday, the Power
Development Board sent a request letter to industries, asking them to
keep their operations suspended from 6:00am to 6:00pm so that more
electricity could be diverted for irrigation.
India lifts curbs on Assam Comilla cotton exports:
The government of India has removed restrictions on export of the
Assam Comilla variety of cotton [HS Code 52010012] up to a limit of
5,000 bales (1 bale = 170 kg) till September 30, 2012.
This was announced by the government today; vide a notification issued
by the Director General of Foreign Trade (DGFT).
Earlier, during the previous cotton season 2010-11 too, DGFT had
exempted export of Assam Comilla Cotton up to a limit of 5,000 bales
from the cap on export of cotton.
However, such export would require to be registered with DGFT in the
current cotton season also. Secondly, exports against registration
certificates would need to be completed within a period of 30 days.
How can a manager become a leader?
Most managers would like to evolve into leaders, but relatively few do.
For managers to evolve into leaders, they must develop six essential
attributes as enumerated by the motivational guru John Di Frances.
These are creating and sharing a vision, setting high standards, living
those high standards and mentoring those who follow, making hard
choices where necessary, being visible and out front and instilling
hope in those who follow.
These attributes are not inherited, nor are people born with them; they
are battle scars earned from experience and proven in the time of
Managers who go through this trial by fire acquire these attributes and
evolve into effective leaders who have a deep commitment to their cause
and the best interests of others uppermost in their mind.
SIMA chief hails Vision Tamilnadu 2023:
Mr. S. Dinakaran, Chairman, The Southern India Mills’ Association
(SIMA) has haled the Vision Tamilnadu 2023 released by the Hon’ble
Chief Minister of Tamilnadu which sets a target of 11% GSDP and make an
investment of Rs.15 lakh crore for infrastructure and other development
activities by 2023.
He has stated that Tamilnadu textile industry being the backbone of the
State’s economy accounting for 1/3rd of the textile business of the
Nation, providing direct employment to over 50 lakh people, would be
the major beneficiary out of the various schemes announced in the
Vision Tamilnadu 2023. SIMA chief has stated that Coimbatore, Salem,
Madurai, Tirupur were already notable cities for textile business in
the global map and Coimbatore is the hub of the textile business.
Foreign Direct Investments doubled in 2011:
Despite negative predictions made by “Doomsday Pundits” in the
Opposition saying that the economy will collapse and several thousands
in the private sector will face retrenchment, Sri Lanka’s direct
foreign investments doubled last year and employment in the apparel
sector alone increased by 24,826.
Falling rupee may not help Sri Lankan garment exporters:
Any depreciation in the Sri Lankan currency would not be of much help to
the country’s garment exporters, as it would …
Pakistan garment sector to lose some export orders:
Several adversities like energy crisis, withdrawal of incentives and
non-release of refund claims has already caused the Pakistani garment
industry to lose around US$ 800 million worth of export orders during
the current fiscal year which began on July 1, 2011.
The country’s garment sector is further likely to lose another 25
percent of its export orders during the remaining period of the current
fiscal, Pakistan Readymade Garments Manufacturers and Exporters
Association (PRGMEA) Chairman, Shehzad Salim, said during a Gender
Promotion through Skills Development in the Clothing/Garment Sector
(GENPROM) event held to award certificates to master trainers.
Strikers fed up with delays:
Striking workers planned to set tyres aflame today outside a garment
factory that supplies JC Penney in the capital’s Por Sen Chey district,
union officials said yesterday on the sixth day of the strike at Hong
Kong-owned Win Shing-tex Cambodia Co Ltd.
Ath Thorn, head of the Cambodian Labour Confederation, said unionists
had been trying to negotiate a collective agreement with the company
for almost a year, but management had sent only low-level
administrative officials to the talks.
The great land giveaway:
More than 2 million of the Kingdom’s nearly 18 million hectares of land
– roughly 12 per cent – was given out to 225 private companies in
economic concessions last year, according to an annual report released
by rights group Adhoc yesterday.