Stocks continued the losing streak for the second day in a row on Monday as shaky investors continued binge selling on sector-wise shares. Market analysts said the financial sector remained volatile with liquidity crisis, rising interest rate, huge non-performing loans and pressure on the exchange rate that...
Uzbekistan is highly keen to develop the bilateral trade relation with Bangladesh. It has emphasized on utilising probable ways and means to expand the trade between the brotherly two countries. The existing trade might be diversified by active steps of business community of both the countries, it...
Sri Lanka’s apparel industry, with an export target of $8 billion by 2025, is keen on expanding its global footprint by aggressively competing in emerging markets and widening its presence in non-traditional countries, according to Tuli Cooray, secretary general of the Joint Apparel Association Forum (JAAF). Last...
ZimTrade, Zimbabwe’s export promotion body, has urged Zimbabwean tanners to upgrade their tanning processes in order to improve the quality of the finished leather they are supplying to the industry. In the organisation’s latest report, it said the sector — which once employed as many as 5,600...
Taiwan’s export orders fell at a slower price than expected in April, but the government says May will bring a seventh straight month of contraction as slowing global tech demand continued to hurt the island’s trade-reliant economy. Orders in April dropped 3.7% from a year earlier to...
Key producers in Opec signalled their intention to keep oil supplies constrained for the rest of the year, while pledging to prevent any genuine shortages. It was less clear how far Russia, their main partner in the wider Opec+ producers’ coalition, shared that view. While most nations...
The US Consumer Product Safety Commission (CPSC) is requesting information about possible changes to the Commission's Standard for the Flammability of Clothing Textiles to expand the list of fabrics that are exempt from testing under the standard. CPSC is also seeking possible ways to update provisions under...
Vietnam’s garment and textile exports exceeded $36 billion last year and is expected to top $40 billion this year, according to the Vietnam Textile and Apparel Association (VITAS), whose chairman Vu Duc Giang recently said 7,000 enterprises in the sector provide jobs to 3 million. The growth...
The inclusion of chapters 50-60 in the recently imposed additional tariff on Chinese imports by the US has put India in an advantageous position, according to the Confederation of Indian Textiles Industry (CITI). Indian textile industry has an opportunity to increase its exports to US, particularly cotton...