* Innovation boosts China’s textile industry:
In recent years, due to difficulties and challenges such as market
downturn and increase of trade frictions resulted by the international
financial crisis, with continued cost rise of the labor, raw materials
and energy, the foreign-trade clothing enterprises in China generally
meet a high development pressure and some even become unsustainable.
However, some foreign-trade clothing enterprises stick to innovation in
a pioneering spirit, constantly develop international market, create
famous brands and achieve significant economic benefits. Jiangsu Dongdu
Textile Group is such an innovative enterprise.
* BPO workers opt for jobs overseas:
Health and work-quality issues are pushing Filipino workers to leave
call centers in the Philippines for locations abroad in an apparent
exodus that may hobble the business-process outsourcing (BPO) industry
to meet its jobs target by 2016.
The night shift contributes to the attrition rate, since call-center
agents look for countries nearer to time zones of clients in order to
avoid working late in the evening and into early dawn, according to
Executive Director Joselito Uligan of the Contact Center Association of
the Philippines Inc. (CCAP).
* Vietnamese income lags far behind regional average:
Vietnam’s average income per capita is still far behind that of China
and several ASEAN nations, needless to say the gap is widening, though
local people’s wealth has increased much since the country’s reform and
The hope for Vietnam to catch up with the regional economies is vague
without further reform, said the report of the State-level scientific
research project. “The economic growth model of Vietnam in the period
2011-2020: from awareness to action” conducted by the National Economic
* Business optimism declines in Vietnam despite global uplift:
Vietnam’s business optimism dropped to a low 6 percent in the first
quarter. Business optimism in Vietnam fell dramatically in the first
quarter even as improving optimism in major economies offers hope for
global recovery, according to accounting and advisory firm Grant
There was an increase in optimisim in the Asia-Pacific region, from -9
percent to 2 percent, but the improvement is not reflective of Vietnam,
according to the company’s quarterly survey of 3,000 businesses in 40
* Garments And Textiles Lead Exports In Q1:
In March alone, garment exports earned US$1.15 billion, which was more
than in the previous month and the only item fetching more than US$1
billion in export revenue.
According to Dang Phuong Dung, Vice Chairwoman and Secretary General of
the Vietnam Textile and Apparel Association (VITAS), the garment and
textile sector is still likely to face challenges in next quarters due
to economic difficulties that have lowered demand in major markets.
However, she said, the sector’s export growth will be still high in the
second and third quarters of this year as this period is the peak
season for garment exports.
Last year, garment businesses received plenty of export orders during
that time, Dung added.
* Vinatexmart opens 2 clothes supermarkets in Ha Noi:
The Viet Nam Textile Fashion Trading Co Ltd has inaugurated two clothing
supermarkets in Ha Noi, one in Ha Dong Vinatexmart and the other in
Ba Trieu Vinatexmart.
The three-storey Ha Dong Vinatexmart, located in Van Phuc Ward, Ha Dong
District, is built on a 4,500-sq.m area with an investment capital of
over VND10 billion (US$476,000). The seven-storey Ba Trieu Vinatexmart
covers an area of more than 5,000sq.m on Ba Trieu Street, with a total
capital of VND15 billion ($714,000).
* Govt plans help for firms hit by wage rise:
The minimum daily wage rise to 300 baht will affect 99% of businesses
in the country, Labour Minister Somkiat Chayasriwong says.
The government will introduce measures to ease the transition, he said
* SMEs lament minimum wage hike Up to 100,000 firms may go under:
The increase in the minimum wage may force 100,000 small and
medium-sized enterprises (SMEs) out of business or force them to
relocate their factories, according to industry representatives.
* Wage rise will sink 10% of SMEs : TCC:
CC At least 10 per cent of the 2.2 million SMEs in the country – about
200,000 – would be forced to shut down or move out to other countries
within half a year after the minimum wage was bumped up to Bt300 this
month, a leading businessman has claimed.
“About 98 per cent of all companies will suffer from the higher wage as
they are SMEs. Construction and security will be hurt the most since
they have made advanced contracts for a job, but they have to increase
their spending on staff,” Bhumindr Harinsult, vice chairman of the Thai
Chamber of Commerce, said yesterday.
* Output rise key to keep pace with costs:
Complaints over the minimum-wage policy that came into effect on Sunday
seem endless, but if there is any associated benefit it is the acute
recognition that the productivity of business operators and Thailand as
a whole must keep pace with the higher cost.
And the private sector should not be left to its own devices in this
regard, as it requires a revolution in basic education, and not just
more training for the existing workforce.
* Wage rise forces Thailand garment firms to relocate:
The implementation of increase in minimum wages by up to xx percent in
seven provinces of Thailand is forcing …
* Cambodia gives region ‘export’ advice:
Cambodia’s garment sector yesterday looked more like a teacher to
regional economies such as Myanmar than a student of China and other
With more than 500 garment and shoe factories – adding a new one every
10 days, according to the Garment Manufacturers Association of Cambodia
– the Kingdom drew the attention of officials from Myanmar and Laos
yesterday at a business-to-business dialogue hosted by the ASEAN-EU
“I always give Cambodia as an example to people in my country.
The garment sector here has made so much progress in the past 10 years,”
Khine Khine Nwe, secretary general of the Myanmar Garment Manufacturers
Association, told the Post on the sidelines of the meeting.
“To be frank, we have to learn from many countries, not just Cambodia.
We’re still at the first stage of development.”
* Indonesian Worker Faces Murder Conviction, Death Sentence in Malaysia:
Another Indonesian migrant worker could be sentenced to death in
Malaysia after a West Lombok man was jailed for allegedly killing his
supervisor, his family said on Monday.
The family of the worker, whose name is Safi’i, said they received the
news from one of his friends, Mustiah, who was also working in
Safi’i’s mother Sitah, a 57-year old blind woman, wondered why
authorities hadn’t told her about her son. She begged the government to
“I can’t cry, I’m just devastated. Mr. President, please help me,” she
told the Jakarta Globe.
* Indo InterTex to start on April 19:
Peraga Nusantara Jaya Sakti PT and Expostar Global Event Ltd will
organize Indo InterTex 2012. Indo InterTex 2012 (The 10th Indonesia
International Textile and Garment Machinery & Accessories Exhibition),
in conjunction with INATEX 2012 (The 10th International Textile,
Fibres, Yarns, Fabrics, Garments, Home Textiles, and Textile
Accessories Exhibition) will be held on 19-22 April 2012 covering more
than 14,000 square meters at Jakarta International Expo, Kemayoran.
* Journos’ 6-hour work abstention begins:
Journalists began a six-hour work abstention from 10:00 am Tuesday to
press home their demand for formation of the 8th wage board.
* Asia Pacific chambers oppose trade protectionism:
Asia-Pacific chambers have opposed trade protectionism and pledged to
keep up the spirit of free trade advocated by the International Chamber
of Commerce (ICC). The need to create a sound environment for
international trade was on agenda at the fourth meeting of the ICC
Regional Consultative Group (RCG) for Asia Pacific and task force
meetings and first Asia Pacific Chambers Congress, held in China on
March 29-30. The China Chamber of International Commerce and ICC China
jointly hosted the meetings, ICCB said in a statement yesterday.
*KARL MAYER’s success at DTG in Bangladesh:
Bangladesh is offering KARL MAYER plenty of prospects for success, and
the DTG event in Bangladesh was a good opportunity for the company to
make its presence felt. The Warp Knitting Business Unit was exhibiting
in conjunction with its agent, Pacific Associates.
* Trade associations write to PM:
Independent trade associations, representing more than 2.50 lakh
companies engaged in a wide spectrum of industries throughout the
world, have expressed deep concerns about many of the tax provisions
proposed in the Finance Bill 2012.
In a letter to the Prime Minister and Finance Minister, the
associations said: “If [provisions of the Finance Bill 2012 are]
enacted, they would significantly alter the Indian taxation of the
member companies, with retroactive effect extending back for as much as
half a century, and reverse many decided cases.
* Global trade bodies slam India’s new tax proposal:
At least seven global trade bodies, which represent more than 250,000
companies, have slammed India’s new tax proposal under which
authorities can scrutinize 50- year-old corporate deals and threaten to
reconsider their decision to do business in this country, according to
a letter by them which was revealed on Monday.
In a letter to India Prime Minister Manmohan Singh, that was signed by
seven leading industry associations from the United States, Britain,
Japan, Canada and China’s Hong Kong have warned that firms they
represent could reconsider their business ventures in India.
* Britain warns India tax plan may hurt investment:
British finance minister George Osborne on Monday criticised an Indian
plan to retroactively tax business deals, saying it could damage
foreign investment in the fast-developing country.
* Exports post 4.2 p.c. growth in February:
India’s exports recorded the slowest pace of growth in three months,
4.2 per cent year-on- year, at $ 24.6 billion in February due to the
In sharp contrast, imports grew at a faster rate of 20.6 per cent
year-on-year to $ 39.7 billion in February, translating into a trade
deficit of $ 15.1 billion.
Commerce Secretary Rahul Khullar has expressed concerns over the
ballooning trade deficit, saying that since October exports are
decelerating faster than imports.
* Centre to mull setting up mega handloom cluster in Orissa:
Union Textiles Minister Anand Sharma has stated that the Central
Government would consider Orissa government’s proposal for setting up
mega handloom clusters in the state, including one in Bargarh district.
* Law prevents women from working in BPO sector:
The Business Process Outsourcing (BPO) sector, one of the fastest
growing industries in Sri Lanka, is now in peril due to certain laws
and legislations, particularly the Shop and Office Employees
(Regualtion of Employments and Remuneration) Act that prevents women to
be employed during the night.
“The BPO sector creates huge opportunities for both men and women to
obtain gainful employment but most of these entities function at night,
preventing women from being employed under the Shop and Office
Employment Act,” Director General Employers, Federation of Ceylon (EFC)
Ravi Peiris told a recent forum.
* Transparency And Foreign Direct Investment (FDI):
A skilled cheap work force is an important determinant of FDI flows and
in Sri Lanka’s under employed labour market there exists an excess
supply of this.
Also, favourable tax regimes along with enterprise zones in which
foreign investors are granted large incentives have the propensity to
Sri Lanka has all of these including, on the face of it, peace which
eluded it for over thirty years. Sri Lanka should be a beacon for FDI.
* Workers threaten march on Islamabad:
Wapda employees took to the street on Monday to press the government to
withdraw the unprecedented increase in POL products prices. Activists
of the Pakistan Wapda Hydro-Electric Central Labour Union from all over
the country gathered outside Bakhtiar Labour Hall on Nisbet Road.
Led by union Secretary-General Khurshid Ahmad, workers marched on
adjoining roads while raising slogans against the government before
holding a demonstration outside the Labour Hall.
Speaking to the protesters, Mr Ahmad termed the increase exorbitant and
uncalled for and urged the government to immediately withdraw it.
The hike would lead to economic massacre of the poor and the working
class, already victim of abject poverty owing to aggravating
unemployment, he said.