*China’s cotton yarn output dips in Jan & Feb:
Average monthly Chinese cotton yarn output fell in the first two months
of 2012, when compared with monthly averages in 2010 and 2011.
Chinese cotton yarn output registered 2.074 million tons and 2.369
million tons, respectively, in January and February, 2012.
Compared to this, cotton yarn average monthly production stood at
2.434 million tons in 2010 and 2.281 million tons in 2011.
* Exceed resolves dispute with DB Research:
Exceed Company Ltd, the owner and operator of “Xidelong” brand – one of
the leading domestic sportswear brands in China announced that it has
reached settlement with D.B. Research LLC, an independent research firm
based in Chesapeake, Virginia, and its principal Michael Joseph
Ritinski, in connection with the reports issued by D.B. Research in
August 2011 and on March 14, 2012.
* Apple, Foxconn Revamp China Work Conditions:
In a landmark development for the way Western companies do business in
China, Apple Inc said on Thursday it had agreed to work with partner
Foxconn to tackle wage and working condition violations.
* Caterpillar eyes huge growth in China
Caterpillar Inc, the world’s largest construction machinery
manufacturer, plans to double its 11,000-strong workforce in China by
2015, in a sign of its continued confidence in the sector
* Bibica leader reassures shareholders:
Bibica Joint Stock Company’s general director, speaking to the press,
said he would seek to protect the interests of Bibica as news has
emerged that the confectionery producer is facing the risk of being
taken over by its foreign partner Lotte.
more at/BUSINESS IN BRIEF 31/3:
* KARL MAYER to show latest textile designs at Saigontex:
Vietnam is making a name for itself as another south-east Asian
country with far-reaching prospects for the international textile
industry. According to an analysis carried out by the National
Development and Reform Commission in Peking during last year,
work-intensive Chinese export companies were transferring their
production to Vietnam and Indonesia in particular because of the
increasing cost of wages and materials in the People’s Republic. It
is reported that the competitiveness in these countries increased
further in 2011.
* Lost Opportunities as Cambodian Labor Goes Abroad: Advocate:
Even with an improved domestic job market, many Cambodian workers
are:seeking jobs overseas, despite the risks.
This is mainly due to the government’s failure to get the word out,
Moeun Tola, a labor advocate at the Community Legal Education Center,
told “Hello VOA” Thursday.
“We see a lot of job opportunity in Cambodia these days,” he said.
“The problem is, how many people know about the jobs?”
+ATTACHED from BetterFacories:
Two SEZ shooting victims questioned yesterday.gif
* Is there really a need for Singapore to reduce inflow of foreign
Does the policy guarantee that Singaporeans will be preferred over
* Equal wage for women agricultural labour demanded:
Speakers at a view-sharing meeting with journalists in Rajshahi on
Saturday demanded equal wage for the women agricultural labours as
their contribution to the agricultural sector is same to their male
In this regard, they mentioned that the employers always deprive them
from due payment and other facilities after working them in same span
of time side by side with the men.
Karmajibi Nari organized the meeting at Chilies Party Zone putting
forward the demand.
With District Unit President of Karmajibi Nari Shahin Akter in the
chair, Assistant Programme Officer Hurmat Ali, Fatema Sarker, Tahera
Khatun, Krishna, Dr FMA Zahid and District Coordinator Partha Pal
Chowdhury spoke on the occasion, among others.
The speakers emphasized the need for implementation of the integrated
agricultural reform programme for sustainable food security and
boosting employment opportunities.
Besides, they laid stress on providing need-based training to the
agricultural women labours together with equipping them with updated
agricultural information and communications so that they could
contribute to the country’s thrust sector more.
* Bangladesh: a role model in poverty battle:
WTO chief says at Dhaka
Bangladesh is a role model for the least developing countries (LDCs)
in reducing poverty through increased global trade under the rules of
the multilateral forum, World Trade Organisation, its Director
General Pascal Lamy said yesterday.
He particularly mentioned the growth of Bangladesh’s readymade
garment, which created more than three million jobs, and enhanced
growth of the pharmaceutical industry.
* CCCI president calls for uninterrupted gas supply:
The president of Chitta-gong Chamber of Commerce and Industry
yesterday urged the Prime Minister to ensure uninterrupted supply of
gas and electricity to local industrial and export-oriented
enterprises. Industries in the port city get only 220 cubic feet gas
a day against a daily demand of 385 CFT, said Morshed Murad Ibrahim
in his letter to Sheikh Hasina. The gas crisis is affecting local
garment industries worst, along with refuelling stations, steel and
re-rolling mills, he said. He said the previous embargo imposed by
the Power Development Board on power supply from 6am to 6pm to large
and middle entrepreneurs brought industrial disaster to the city.
Ibrahim sought special interference of the premier to relieve the
woes of the entrepreneurs.
* Three-day 11th SAARC Trade Fair & Tourism Mart ’12 kicks off in
Finance Minister AMA Muhith on Friday stressed the need for
greater cooperation in trade and investment among the SAARC countries
to boost intra-regional trade and investment.
* Bangladesh’s Beximco to acquire four Group subsidiaries:
Bangladesh Export Import Company Ltd. or Beximco, the flagship
company of Beximco Group, the largest private sector employer in
Bangladesh, has received approval from the country’s Securities and
Exchange Commission (SEC), to acquire four non-listed subsidiaries of
Beximco Group. Beximco will buy all shares of the four textile and
garment companies – Crescent Fashion and Design Ltd., International
Knitwear and Apparels Ltd., Freshtex Bangladesh (Pvt) Ltd. and
Beximco Fashions Ltd.
* Kids designer wear label Coochhie Coo eyes huge growth:
Coochhie Coo, an India-based premium designer wear brand for
children, is eyeing huge growth in its revenues this year. The only
designer wear brand at the moment in the Indian market offering
custom-made special occasion wear for kids is also planning to offer
its products through online medium by next year.
* Power tariff hike hurts Tamilnadu’s ailing textile sector:
Tamilnadu textile industry, which accounts for 47% of the spinning
capacity, 1/3rd of the textile size, fetching over Rs.50,000 crores
forex earnings and providing direct jobs to over 50 lakhs people, is
currently passing through the worst ever crisis in its history.
* Flexible labor laws vital to increase investment from 32% to 35% –
Employers Federation :
“It is absolutely necessary to have in place flexible labor laws to
increase investment from 32 percent to 35 percent of the GDP this
year, Director General, Employers Federation of Ceylon (EFC) Ravi
* Apparel Sector to get a further boost from the US:
The United States has expressed keenness to further promote trade and
investments in Sri Lanka, and has said that “Sri Lanka Expo 2012” is
a great idea.
This has been stated by the Assistant US Trade Representative of
South and Central Asia Michael J Delaney when he made a courtesy call
on Minister of Industry and Commerce Rishad Bathiudeen.
The US Trade Representative who is leading a US business delegation
to the Expo 2012 exhibition has said that the US is Sri Lanka’s
topmost customer, and the US consumers of Sri Lankan apparels are
probably the largest single employer of Sri Lanka’s workforce…
* Home-based workers Task force to remove lacunas from bill:
A task force will soon be formed to help remove lacunas from the
‘Home-Based Workers Bill’ within three months so that it could be
tabled in the provincial assembly again. Once passed the bill would
ensure rights to thousands of home-based workers in the province.
* Trade or aid?:
The WTO’s Council for Trade in Goods on Wednesday approved a European
Union (EU) waiver on customs duties for 75 items which are expected
to boost Pakistan’s exports to the EU by an approximate €900 Million
for products which include, non-value added textiles, textile
garments, home textiles, value added leather, footwear, raw leather,
ethanol and vegetables.
While the package still has to go to WTO’s General Council for formal
approval later this month, this is a big achievement for the current
government, as not only were they able to block the opposition from
all member countries, but on formal approval this will also set them
on the path to attaining GSP-Plus status with effect from 2014.
* Textile body APTMA concerned over decline in exports:
Mr Mohsin Aziz, Chairman of All Pakistan Textile Mills Association
(APTMA) has expressed concern over continuing decline in exports
since last two quarters of current fiscal. He said textile exports in
quantity terms have dropped by over 30% in the month of February
comparing with corresponding period.