in the news on-line, 13 Dec. 2013

23:13:35 local time map of viet_nam VIET NAM

* Foreign companies deliver on investment:

Large sums of foreign investment have not only been pledged this year, but also, unlike normal, actually been brought in.

According to the Foreign Investment Agency (FIA), FDI has recovered strongly with nearly US$21 billion committed between January-November. Half of the amount has already been disbursed.
This year work began on many large projects immediately after being licensed, but FIA Head Do Nhat Hoang wants things to speed up even further.

The northern province of Hai Duong has licensed projects worth around US$677 million.
“We believe that next year more FDI capital will arrive in our province because many investors have sent in applications,” said Mai Duc Chon, Head of the province’s industrial parks and processing zones management board.

At the Lai Vu Industrial Park, two major investors, Tinh Loi Garment and Pacific Crystal Textile of Hong Kong, are building plants, and by March next year plan to have 5,000 and 3,000 workers respectively.
Pacific Crystal, with a registered capital of US$425 million, is building a factory that will manufacture 360 million metres of cloth every year.
Tinh Loi Garment has invested US$120 million in a production line to produce 170 million pieces of garments a year. It plans to hire around 17,000 workers eventually.
read more in BUSINESS IN BRIEF 13/12.
VNNet

00:13:35 local time map of malaysia MALAYSIA

* Employers Still Shortchanging Workers – MTUC:

A study by the Malaysian Trades Union Congress (MTUC) has revealed that many employers are still shortchanging workers by lumping all overtime and allowances into the basic salary to make up the statutory RM900 minimum wage.

Its vice-president, A. Balasubramaniam said the study also showed that many companies, especially the smaller ones, were paying less than RM900 per month inclusive of all allowances.

Although the minimum wage regulations came into effect on Jan 1 this year, it was reported that a few hundred companies were given extensions due to cash flow and other problems.
read  more.
BERNAMA

00:13:35 local time map of indonesia INDONESIA

* Businessmen Urged to Explore Fashion and Garment to Myanmar:

Indonesia Trade Ministry encourages small and medium enterprises (UKM) to enter new market in Myanmar in view of the country’s potential which has been widely opened to other countries’ products.

Trade Ministry Director for ASEAN Cooperation Djatmiko Bris Witjaksono said several UKM products with the potential to be sold in Myanmar are fashion and garment products.

“Myanmar becomes a new market with makes all sectors from private companies and state-owned enterprises, including banking, enter the region. Even the UKM may capture the opportunity,” he said in a press conference of Strengthening Financial Access for UKM Businessmen in ASEAN market, Monday (12/9).
read more.
BISNIS

22:13:35 local time map of bangla_desh BANGLADESH

* Bangladesh garment factory crisis is a women’s crisis:

The crisis in the Bangladesh Apparel industry is really a women’s issue and something all advocates of women’s rights and equality should be deeply concerned about.

To be clear, we are not talking here about individual cases of discrimination at work and the need for more equitable labor justice – although there is a need for improving that as well.

Our focus here is on systemic, society-wide discrimination and development strategies that have further entrenched that discrimination.
These issues echo around the world in industry after industry built primarily on women’s labor.
But they have been brought into stark relief in Bangladesh, where more than 1,200 workers – most of them women – have died during the last year due to negligence and disregard for their welfare.

Bangladesh has industrialized at an incredibly rapid rate and its garment industry is the second largest exporter in the world after China. The Bangladesh apparel sector employs 4 million workers and accounts for 80% of the country’s exports; 85% of the workers are women.
read more.
ilrf

* Police nabbed 40-50 attackers on Standard garment: Minister :

Labour and Employment Minister Engineer Khandker Mosharraf today said law enforcement agencies have arrested 40-50 persons in connection with the fire incident in Standard Group garment factory.

“Police arrested 40-50 miscreants in connection with the heinous fire incident of which four gave statements under 164 and inquiry is being conducted in this regard,” he said after a meeting with foreign buyers at his ministry conference room.
The minister urged the foreign buyers to hold patience for2- 3 weeks as the present law and order situation would improve shortly.
“We will assure you 100% security to run business smoothly, which you did during the last five years,” he said.
read more. & to read.
bssIttefaq

* IDRA asks Standard Ins to pay insurance claim soon:

The Insurance Development and Regulatory Authority (IDRA) has asked the Standard Insurance Ltd (SIL) to immediately pay the insurance claim of Standard Group whose garment factory was burnt in a devastating fire on November 29, sources said.

The regulator in a recent letter asked the SIL to appoint a surveyor soon to evaluate the insurance claim properly for making the payment.
Standard Group Managing Director A K M Mosharraf Hussain at a press conference after the fire incident said his company sustained losses amounting to Tk 12 billion due to the fire.

Miscreants set fire to three buildings and two packaging sheds of the Group’s factory complex in Konabari under Gazipur district after vandalising the same. Some 31 vehicles, including seven clothes-laden covered vans, were also torched. The factory employed some 18,000 workers.
read more.
FE bd

* Disruption in RMG transportation to go in 2-3 weeks: Minister:

Expatriates’ Welfare Minister Khandker Mosharraf Hossain on Thursday said the disruption in transportation of readymade garment (RMG) exports caused by ‘violent programmes’ by the opposition is likely to end in two-three weeks’ time.

“The buyers have voiced concern over the security of their investment due to the recent violence, and particularly because of the torching of Standard Group garment factory. We’ve assured them of 100 security to their investment after two-three weeks,” he said.
read more. & to read. & read more.
UNB theindependent bss

* Buyers express concern over present situation: BGMEA :

Bangladesh Garment Manufacturers and Exporters’ Association (BGMEA) president Atiqul Islam today said that foreign buyers expressed their concern over the present situation forcing them to shift RMG order to other countries.

“Foreign buyers are expressing their concern over the present situation that forced them to shift readymade garment order to other countries,” he said after a meeting with the Labour and Employment Minister and Foreign Buyers here.
He said good readymade garment factories are turning into unhealthy factories due to ill politics.
“Around 30 per cent orders would decline due to recent political turmoil,” he apprehended.
read more. & to read. & read more. & read more.
bss Ittefaq newstodayBD theindependent

* RMG buyers sit with govt over shipment, security concerns:

Orders being shifted elsewhere amid restive politics

Representatives of top garment buyers in a meeting expressed their serious concern Thursday about the ongoing volatile political situation that threatens safety, security, smooth production and timely shipment of apparel items.

In the meeting with Labour and Employment Minister Engineer Khandaker Mosharraf Hossain in the city they said many of the buyers already started looking for new destinations of sourcing their products while a good number of them were planning to shift their orders to other competitor countries, meeting sources said.

More than 20 top garment buyers’ representatives including Li & Fund, H & M, Jcpenney and Kappahl and leaders of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) attended the meeting.
read more.
FE bd

* Tk 2,000cr loss in RMG sector in Oct-Nov:

The readymade garments industry, which is considered as lifeblood of the economy, is suffering huge losses due to political instability in the country.

The sector incurred over Tk 2,000 crore loss due to the ongoing street violence, president of Bangladesh Garment Manufacturers and Exporters’ Association (BGMEA) Atiqul Islam said on Thursday.
The foreign buyers are also expressing their concern over the present situation. They are shifting RMG order to other countries, the business leader said after a meeting with the Labour and Employment Minister and Foreign Buyers in the city.
read more.
NEWNATIONnew

* Government buys 3 weeks to protect RMG buyers’ investment:

The buyers have expressed concern over the security of their investment due to the recent violence

Labour and Employment Minister Khandker Mosharraf Hossain yesterday assured international buyers of readymade garments (RMG) that the present disruption in supply chain would come to an end by next two to three weeks.

“I’ve assured the international buyers that the ongoing political turmoil will be over within two to three weeks,” he told a press briefing after a meeting with the global buyers at his office in Dhaka.
He termed the crisis as “temporary” and said developing countries like Bangladesh suffer political turmoil in any election year.
read more.
DHAKATRIBUNE

* Apparel orders fall by 30%:

The apparel buyers have already cut about 30 per cent of their total annual orders citing security concerns in Bangladesh.

Their decision followed incessant violent programmes such as, hartals and blockade that disrupted production a d shipment seriously, according to Bangladesh Garment Manufacturers and Exporters Association.
BGMEA president Atiqul Islam on Thursday said the apparel buyers expressed deep concerns and conveyed their message to labour, employment and expatriates welfare minister Khandker Mosharraf Hossain.
The BGMEA president expressed his worries to the reporters after a scheduled meeting with the minister at Probashi Kalyan Bhaban where BGMEA leaders and the buyers from different countries took part in a closed door meeting with the minister.
Atiqul Islam said the buyers clearly informed that they have started shifting their orders to other countries including India, Vietnam, Cambodia and China because of the ‘unhealthy’ political situation in Bangladesh.
The BGMEA leaders through the media again urged the government and the oppositions to take measures to save the clothing sector that employed about 40 lakh workers in the country.
to read.
BD new age

* India gains from Bangladesh labour unrest:

The labour unrest in the clothing sector in Bangladesh has put Indian apparel exporters in an advantageous position, reports bdnews24.com.

According to a leading Indian business newspaper, the US and EU are diverting orders from Bangladesh to India to meet their apparel requirements for the upcoming summer season.
Indian apparel exporters are making most of the situation. They are scaling up operations and negotiating deals with foreign buyers so that they can enjoy a bigger pie of the overseas markets, the Economic Times reported.
It quoted DK Nair, general secretary, Confederation of Indian Textile Industry (CITI), as saying “Though we do not want to take advantage of any country’s problem, it is true that orders are being diverted to India from US and EU, and this is helping our apparel exports.”
read more. & read more.
BD new age bdnews24

* Apparel exporters to get cash incentive against advanced TT:

The government is set to allow apparel exporters to receive cash incentive against export proceeds realised in advance through telegraphic transfer (TT) soon to help recover their loss caused by the ongoing political turmoil.

After introducing the facility the ready-made garment (RMG) exporters will be allowed to receive cash incentive against advanced TT before shipment of their goods.
read more.
FE bd

* RMG makers rap insurers for demanding extra charges:

Garment manufacturers and insurance companies are locked in a row over extra charges and their stringent payment system. The apparel makers have claimed that the insurers are demanding the charges due to the ‘prevailing political unrest’.

It was alleged that the insurance companies were charging over 30 per cent extra amount on ready-made garment (RMG) makers, and they have slashed their rate of commission on import.

“The insurance companies are charging over 30 per cent in extra costs for their services over the last couple of months which has resulted in an additional burden for the apparel manufacturers,” Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Md. Atiqul Islam said Thursday.
read more.
FE bd

* Labour minister for a committee to attend to apparel buyers’ issues:

Labour minister Khandker Mosharraf Hossain on Thursday proposed to form a steering committee comprising of representatives of buyers, government and exporters to instantly attend to the problems of foreign buyers of readymade apparels.

He mooted the idea at a meeting he had with the foreign buyers of Bangladesh readymade garments.
The minister said that he held the meeting to regain the confidence of international buyers thinking to shift their orders to other countries out of panic over the political instability.
Khandker Mosharraf assured the buyers that the political unrest would come to end in two or three weeks.
read more.
BD new age

* Leather, tannery sector bearing the brunt of political turmoil:

 The country’s leather and tannery sector is bearing the brunt of the ongoing political turmoil as frequent blockades and strikes have badly affected their overseas business.

Expressing their worries over the prevailing situation, the sector insiders said that the future of the industry would be at stake if the violent political programmes continued for long.

The impact of political turmoil on the export of leather and leather goods, which have been among the top three products of Bangladesh’s export basket, has not yet been assessed. But certainly the violence has significantly hurt the export of leather and leather goods, they said.
read more.
FE bd

21:43:35 local time map of india INDIA

* Hike minimum wages: CITU:

Activists of the Centre of Indian Trade Unions (CITU) staged a protest outside the Deputy Commissioner’s office here on Thursday against price rise.

The policies of Union and State governments were responsible for the steep and regular hike in prices of essential commodities, they alleged.
They demanded a hike in minimum wages and universal social security cover for organised and unorganised workers across the country.
“The governments should increase the minimum wages for workers in the unorganised sector to at least Rs. 10,000 a month,” the CITU leaders said.
to read.
Return to frontpage

* Fix minimum wage at Rs. 10,000: trade unions:

The Joint Committee of Trade Unions, affiliated to the Centre of Indian Trade Unions (CITU) and the All-India Trade Union Centre Congress (AITUC) urged the Prime Minister to fix a minimum wage of at least Rs. 10,000 a month for workers in the unorganised and agriculture sectors, besides contract workers serving in various State and Union government services.

Workers from different parts of the district on Thursday took out a procession to the Deputy Commissioner’s office in support of its demands and to oppose “anti-people policies, privatisation of public sector undertakings, price rise, corruption and social evils dogging society.”
read more.
Return to frontpage

* Union demands better facilities for workers:

As part of the Joint Committee of Trade Union’s (JCTU) call for a nation-wide agitation to urge the Central government to take initiatives to curb the soaring prices of essential commodities and to protect the interests of workers of the unorganised, the activists of Centre of Indian Trade Unions (CITU) staged a protest in the city on Thursday.

Addressing the protest meet, Narasimhaiah, a trade union leader said that the essential commodities were becoming pricier due to the flawed economic policies of the government. The frequent upward revisions in the prices of petroleum products have resulted in corresponding hike in the prices of essential commodities due to which people from low and middle income groups were facing hardships, he said.

Demands
He urged the government to fix an amount of Rs. 10,000 as monthly minimum wage for workers. Unorganised sector workers should be given access to social security benefits.
read more.
Return to frontpage

* Trade union leaders meet PM:

Prime Minister Manmohan Singh on Thursday assured a delegation of trade union leaders that he would expedite the implementation of all recommendations of the three-member Committee, headed by Defence Minister A.K. Antony, which was looking into the demands of labour bodies.

The leaders of 11 Central trade unions were led by All-India Trade Union Congress (AITUC) general secretary and CPI MP Gurudas Das Gupta. The leaders called on Dr. Singh here at his office to highlight the plight of the working class in the country after taking out a massive rally in the Capital.

Among other things, the unions, in their 10-point charter of demands, wanted the minimum wage to be fixed at Rs.10,000 per month, increasing the provident fund pension to a minimum of Rs.3,000 per month, and stopping further disinvestments in the public sector undertakings.
read more.
Return to frontpage

* Powerloom scheme to be launched on Dec. 24:

In order to give a new lease of life to the distressed powerloom weavers and modernize the existing powerlooms to produce value added fabric, Union Minister for Textiles Kavuri Sambasiva Rao would formally launch the modernization of the powerlooms in Sircilla town on December 24 tentatively.

The modernization of the existing powerlooms would benefit the weavers of Sircilla and also Garshakurthi and Chegurthi of the Karimnagar cluster.
Each powerloom would be modernized at a cost of Rs.30,000 (Rs.15,000 a Central government subsidy, Rs.10,000 bank loan and Rs. 5,000 contribution by the weavers).
A weaver could modernize at least eight powerlooms under the scheme and avail the benefit of Rs.1.2 lakh Central government subsidy.
read more.
Return to frontpage

* EU ends sops for Indian textile, engineering exports:

In a twin blow to local exporters, the European Union has given special preference for imports from Pakistan, which will allow duty-free access into 27 markets, while withdrawing the concessions for several Indian goods, including textiles and engineering.

And, it’s the Indian government, not EU, to be partly blamed, for creating this disadvantage for exporters.

While India had managed to block similar concessions nearly a decade ago after a challenge at the World Trade Organization, this time the sops have been given to deal with floods that hit Pakistan and have been given after the move was backed by New Delhi. The GSP-plus benefits will kick in from January 1.

The new concessions to Pakistan, known as GSP-plus or those above the Generalized System of Preferences, come at a time when the Indian textile sector was looking up, with exports and employment on the rise.
read more.
TOInew

* Indian Govt unveils schemes to aid textile sector:

The problems faced by the Indian textile industry can be broadly categorised as under:-

– Lack of modernisation
– Paucity of skilled manpower
– Inadequate infrastructure

According to the Report of the Working Group for Textiles and Jute Industry for Twelfth Five Year Plan, the incremental human resources requirement for the textile and clothing sector would be about 11 million during the period 2012 to 2018.
To address the need for trained manpower in textile sector and achieve the target over a period of the next five years, Government has launched:

– Integrated Skill Development Scheme (ISDS)
– Scheme for Integrated Textile Parks
– Technology Upgradation Fund Scheme (TUFS) which would help improve overall health of textile sector and create more employment in textile industry.
to read.
fibre2fashion

21:13:35 local time map of pakistan PAKISTAN

* Call for steps to ensure compliance with labour laws:

The Sindh government’s decision about Rs10,000 as the minimum wage for workers was discussed at a seminar on Wednesday, where representatives of employers said they were not against paying the amount but were unable to do so because of certain difficulties they faced.

“We are not against that amount. In fact, none of the associations has refused to accept it. Two associations even said the minimum wage was still inadequate while four others said there were issues which made it difficult for them to pay it. None of the associations said the minimum wages were inappropriate,” said Ehsanullah Khan of the Workers-Employers Bilateral Coordination of Pakistan (Webcop) at a seminar titled ‘Core labour rights and the compliance gap’, organised by the Pakistan Institute of Labour Education and Research (Piler) in a hotel.

Mr Khan said Webcop had promoted dialogue between workers and employers for the solution of joint problems and formulated 15 policies, including industrial and labour policies.
(…)
Dr Zafar Shaheed, ex-director of the International Labour Organisation (ILO), in his presentation regarding workers conditions all over the world said the ILO had initiated a factory improvement programme, which reduced defects, absenteeism and turnover rate in different countries.
read more.
DAWNnew

* Voicing concerns: ‘Labour laws must be enforced to sustain businesses’:

Traders and businessmen must implement labour laws if they wish to sustain access to the international markets for their products.

This was stressed by trade unionists, politicians and industrialists at a seminar, titled Core Labour Rights and the Compliance Gap, at the Regent Plaza hotel on Wednesday. The seminar was organised by the Pakistan Institute of Labour Education and Research (Piler).

The speakers were of the opinion that traders must comply with international labour laws and standards otherwise their products will be rejected by the international market. They criticised the government for not imposing stricter rules for the implementation of the laws.

“Pakistan is a signatory to many International Labour Organisation conventions but their implementation remains questionable,” lamented Dr Zafar Shaheed, a former director of the ILO. He was of the opinion that, since trade was linked with the compliance of the conventions’ standards, it would be difficult for Pakistani traders to survive in the international market.  In his presentation on the condition of workers across the globe, Zafar pointed out that the ILO’s Factory Improvement Programme had reduced defects, absenteeism, and turnover rate in several countries.
(…)
The minimum wage, set by the government, for unskilled workers at Rs10,000 per month was criticised by the speakers. They demanded the government set the minimum wage keeping in mind the workers’ requirements.  “It is a miracle how a man can support his family with just Rs10,000 per month,” said  Dr Mohammad Ali Shaikh, vice- chancellor of the Sindh Madressatul Islam University. He criticised the media for not giving due coverage to labourers, who comprise one third of the total population.
read more.
tribune

* Gas suspension to render millions jobless:

Calling for an end to discrimination against industry in Punjab, industrial associations have demanded that the distribution of gas must be in accordance with the industry size and not according to the area of a province.

The All Pakistan Textile Mills Association (Aptma) and the Pakistan Steel Re-Rolling Mills Association (PSRMA) were unanimous in apprehending that non-availability of gas for the next three months would render millions of workers jobless and aggravate the law and order situation.

Aptma Punjab Chairman SM Tanveer said, at a news conference here on Wednesday, non-availability of gas would render at least three million people jobless who had been directly or indirectly earning their livelihood from the industry.
read more.
DAWNnew

* APTMA fears unbearable loss to textile industry:

All Pakistan Textile Mills Association (APTMA) Punjab Chairman S M Tanveer has said the industry has rationalised its demand for gas during winter to 100 million cubic feet per day (MMCFD) against actual demand of 450 MMCFD while understanding the compulsion of the government on gas supply.

However, still, he said, the Sui Northern Gas Pipelines Ltd (SNGPL) has suspended gas supply to the textile industry in Punjab, likely to cause $1.3 billion per month export loss, retrenchment of 3.0 million workers and loss of opportunity arising out of much-likely GSP Plus status from the EU. Further, he added, the country would be hit badly be street crime as well as high inflation in case no timely action is taken by the government and textile industry demand for gas supply is not met accordingly.
read more.
PAKOBSERVER

* EU grants GSP plus status to Pakistan:

Pakistan gained a big breakthrough in Brussels on Thursday as European Union granted Generalised System of Preferences Plus (GSP Plus) status allowing duty free access of Pak products, particularly textile to 27 countries.

In a meeting of European Union Parliament, Pakistan got the concession with 406 members in favour against 162 negative votes.

The European Parliament approved the Single Delegated Act under which ten countries including Pakistan are entitled to GSP Plus Scheme. The Act will come into force from 1st January, 2014.
read more. & read more. & read more. & read more. & read more.
& read more. & read more.
PAKOBSERVER NATIONnew tribune tribune DAWNnew
thenewspk thenewspk

* Duty relief: Economy likely to get a big boost from GSP Plus status:

Textile tycoons, government officials and financial analysts all converge on one point that the grant of European Union’s GSP Plus status to Pakistan is going to spark investment, create jobs and give a big boost to Pakistan’s economy in coming years.

A long wait has come to an end as Pakistan has qualified for the generalised scheme of preferences, better known as GSP Plus, of the 28-nation European bloc.
The EU parliament on Thursday approved the preferential status for all the countries that had applied for special concessions on duties.
One of the biggest beneficiaries of the greater market access and duty concessions would be the textile industry of Pakistan that exported over $13 billion of products in the last fiscal year, constituting more than half of total exports worth $24.6 billion.
read more.
tribune

* GSP Plus package is ‘momentous’: Sajjad Karim:

Member European Parliament (MEP) Dr Sajjad Karim on Thursday hailed the outcome of European Parliament’s vote on the Generalised System of Preferences (GSP) Plus trade package as ‘momentous’.

The vote to stop Pakistan from receiving preferential trade tariffs was rejected by a majority of 227 MEPs and Pakistan will now receive GSP Plus status from January 2014. Dr Karim and Punjab Governor Muhammad Sarwar rallied support among members of the influential Friends of Pakistan group including British MEP David Martin, said a message received here from Brussels.
read more.
daily-times-PK

* KCCI, BMG hail EU Parliament’s approval of GSP Plus to Pakistan:

The Office Bearers of the Karachi Chamber of Commerce and Industry (KCCI) and the leadership of Businessmen Group (BMG), while hailing the EU Parliament’s decision to approve GSP Plus status for Pakistan, extended deep gratitude to the Pakistani government for making efforts towards acquiring GSP Status, which has finally been granted.

It is pertinent to mention that 406 parliamentarians expressed their support for Pakistan and the status has been granted till 2017.
In a statement issued, Chairman of Businessmen Group and Former President KCCI, Siraj Kassam Teli, President KCCI, Abdullah Zaki, Senior Vice President KCCI, Muffasar A. Malik, Vice President KCCI, Muhammad Idrees and Managing Committee members have welcomed the approval of GSP Plus status to Pakistan, which will certainly pave way for enhanced exports to Europe.
read more. & read more.
daily-times-PK NATIONnew

* GSP Plus status to boost exports: Dar:

Finance Minister Ishaq Dar on Thursday said the European Union has granted Generalised Scheme of Preferences (GSP) Plus status to Pakistan, which would greatly help the country boost its export.

Addressing the concluding session of three-day 16th Sustainable Development Policy Institute (SDPI) Conference, the minister said to sustain dwindling national economy, the government has taken some unpopular and difficult steps.
Due to these measures and prudent policies of the government economic indicators were showing positive signs where as the foreign investors confidence to invest in Pakistan was also restored.
read more. & read more.
daily-times-PK DAWNnew

* Meeting challenges after GSP Plus status will be real test: APTMA:

All Pakistan Textile Mills Association (APTMA) leadership said meeting challenges after the GSP plus status from the EU Parliament will be the real test of the government.

Addressing a press conference right after the passage of GSP plus status from the EU parliament, the APTMA group leader Gohar Ejaz said the APTMA will unveil its 5 years’ visions before the Prime Minister Nawaz Sharif on 14th December at the Governor House Lahore.

He said a capacity worth $5 billion was lying closed down, which can be revived after the facility. He expressed the hope that the Prime Minister will make announcement of uninterrupted energy supply to Punjab-based textile industry from now onwards.
read more.
BUSINESSRECORDER

* GSP status: ‘textile industry needs incentives to improve performance’:

Textile industry needed basic facilities and incentives to improve performance as the European Parliament (EU) had approved Generalised System of Preference (GSP) plus status for Pakistan, dealers said on the cotton market on Thursday.

The official spot rate was unchanged at Rs 6,450, they added. Prices of seed cotton in Sindh per 40 kg gained Rs 50 to Rs 2350-3150, while in Punjab rates followed the same pattern, picking up same amount to Rs 2750-3350, dealers said.
In the ready session, over 16,000 bales of cotton changed hands between at Rs 6400-6750, they said.
read more.
BUSINESSRECORDER

map of asia ASIA

Toray builds up SE Asia base:

Toray Industries will spend billions of yen to strengthen its fibre and textile business in Southeast Asia, upgrading facilities in Thailand, Indonesia and Malaysia to produce highly functional fibre and adding or building sewing bases in Myanmar, Cambodia and elsewhere, according to Nikkei.

With the push, Toray plans to achieve its long-term goal of generating 1 trillion yen (Bt310 billion) in sales and 70 billion yen in operating profit in the textile segment in 2016, four years ahead of schedule, president Akihiro Nikkaku said.

For this fiscal year, the fibre and textile business is expected to see an 18-per-cent sales gain to 750 billion yen, boosting its operating profit 27 per cent to 55 billion yen and contributing to strong company-wide results.

Toray will upgrade synthetic-fibre facilities in Thailand, Indonesia and Malaysia by fiscal 2016 for the purpose of manufacturing highly functional fibre previously made in Japan. These perspiration-absorbing, quick-drying fabrics are generating “strong demand among major sporting-goods makers in the US and Europe”, Nikkaku said, adding that Toray aimed to mass-produce them in Southeast Asia.
read more in
Briefs. (4th item)
theNATIONnew

NOTICE

 * The next newsletter and news bulletin:

The purpose of this bulletin and newsletter is  to let you know about  (news) articles in the media, online, about workers and their work in the garment and textile industry.

It is not the purpose to publish articles (almost) only about money, economy,
profits in these industries.
Of course there is a relationship. Sure there is a connection

For investors, many companies, banks, only counts the money, profit, and not people, unless there is profit to be made.
(A reflection can be found in the media.)

So until next year, no regular bulletin will be published and no regular newsletter will be send,  ’cause the ‘last time’ almost no articles were found about people, workers, about labour and conditions. (and also, due to some other reasons.)

When there is an event or something happens that requires a publication, or/and there is an article that demands a publication, there will be, and will be announced via twitter: @DressedStripped or/and a newsletter.
(ducs is keeping an eye on the newsmedia:)
 
The regular publication of the bulletin with (news)articles, and sending the newsletter, will resume next year, and hopefully with the new website.
You will be kept informed.

Kind regards and thank you for your interest.
j.
8ducs schaal1

TIME

 

map of Asia

HEADLINES TODAY:

VIET NAM
* Foreign companies deliver on investment

MALAYSIA
* Employers Still Shortchanging Workers – MTUC

INDONESIA
* Businessmen Urged to Explore Fashion and Garment to Myanmar

BANGLADESH
* Bangladesh garment factory crisis is a women’s crisis
* Police nabbed 40-50 attackers on Standard garment: Minister
* IDRA asks Standard Ins to pay insurance claim soon
* Disruption in RMG transportation to go in 2-3 weeks: Minister
* Buyers express concern over present situation: BGMEA
* RMG buyers sit with govt over shipment, security concerns
* Tk 2,000cr loss in RMG sector in Oct-Nov
* Government buys 3 weeks to protect RMG buyers’ investment
* Apparel orders fall by 30%
* India gains from Bangladesh labour unrest
* Apparel exporters to get cash incentive against advanced TT
* RMG makers rap insurers for demanding extra charges
* Labour minister for a committee to attend to apparel buyers’ issues
* Leather, tannery sector bearing the brunt of political turmoil

INDIA
* Hike minimum wages: CITU
* Fix minimum wage at Rs. 10,000: trade unions
* Union demands better facilities for workers
* Trade union leaders meet PM
* Powerloom scheme to be launched on Dec. 24
* EU ends sops for Indian textile, engineering exports
* Indian Govt unveils schemes to aid textile sector

PAKISTAN
* Call for steps to ensure compliance with labour laws
* Voicing concerns: ‘Labour laws must be enforced to sustain businesses’
* Gas suspension to render millions jobless
* APTMA fears unbearable loss to textile industry
* EU grants GSP plus status to Pakistan
* Duty relief: Economy likely to get a big boost from GSP Plus status
* GSP Plus package is ‘momentous’: Sajjad Karim
* KCCI, BMG hail EU Parliament’s approval of GSP Plus to Pakistan
* GSP Plus status to boost exports: Dar
* Meeting challenges after GSP Plus status will be real test: APTMA
* GSP status: ‘textile industry needs incentives to improve performance’

ASIA
* Toray builds up SE Asia base

NOTICE
* The next newsletter and news bulletin

latest tweets (& news)

Convention on the Rights of the Child
Universal Declaration of Human Rights

I wonder who they are
The men who really run this land
And I wonder why they run it
With such a thoughtless hand

What are their names
And on what streets do they live
I'd like to ride right over
This afternoon and give
Them a piece of my mind
About peace for mankind
Peace is not an awful lot to ask
    David Crosby

I wonder who they are
The people who are buying these clothes
I'd like to know what they've paid for it
How much the makers have paid for this
Fairer income is not an awful lot to ask
Better working conditions is not an awful lot to ask
    A. Searcher

For more and other (labour) news you can follow on twitter: @asearcher2