The Trump administration again refrained from labelling China a currency manipulator on Tuesday, a decision that leaves one of the president’s campaign promises unfulfilled but avoids further escalation in the trade war between the world’s two largest economies. The Treasury Department issued its semi-annual foreign-exchange report to...
Leaders of the textiles and apparel sector trade bodies in Bangladesh recently sought 5 per cent cash incentive for export of apparel products to both traditional and non-traditional markets for the next five years to sustain production and maintain the industry’s edge in the global arena. They...
The American Apparel & Footwear Association (AAFA) recently sent letters to Bangladesh Prime Minister Sheikh Hasina Wazed and its main garment trade association expressing concern over criminal charges against labour leaders, mass firing of workers and the future of worker safety. The letter urged Dhaka to withdraw...
Pakistan’s five export-oriented manufacturers’ bodies, primarily based in Sialkot, have urged the government to continue the zero-rating sales tax regime in the budget 2019-20, fearing the country’s export might drop further to $21 billion from $23.7 billion now. Such a step would have adverse effect on the...
Mali, a land-locked country in west Africa, is expecting record cotton output of around 800,000 tonnes during the ongoing season 2019-20, according to the ministry of agriculture. This would be about 22 per cent higher than 656,548 tonnes produced in the previous season that ended March this...
Starting from Milan, PG Denim is set to enter the premium market focusing on research and ancient tradition to shape an avant-garde denim concept with a 100 per cent Italian integrated supply chain and outstanding quality of materials and processes. It is currently participating in ‘Ciao Milano’...
Bangladesh and Japan yesterday signed their 40th ODA deal involving $2.5 billion to implement four projects to boost ties between the two countries. Economic Relations Division Secretary Monowar Ahmed and Japanese Ambassador to Bangladesh Hiroyasu Izumi signed the deal on behalf of their respective sides. Prime Minister...
Turkey’s leather industry achieved export revenues of US$585 million in the first four months of 2019, showing signs of a small increase compared to recent years. In 2016, 2017 and 2018, the sector’s total export revenues were between US$1.5 billion and US$1.6 billion per year. Annualised, the...
Eurozone equities were held down yesterday as investors tracked a brewing political fight between Brussels and Rome, and continued to digest the outcome of elections for the European Parliament, dealers said. Milan, Frankfurt and Paris all retreated as Italian debt concerns returned to the fore. London, where...