Asia News

Pakistan: Textile millers seek wide cooperation in fibre recycling

All Pakistan Textile Mills Association (APTMA) Central Chairman Kamran Arshad has underlined the need for cooperation on a wider scale in fibre recycling and renewable energy, aimed at boosting the country’s textile exports, creating jobs and...

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Bangladesh: Two broad sectors’ bad going squeezes GDP growth to 3.91%

Bangladesh’s economic growth slowed to 3.91 per cent in the last quarter of the past fiscal as two broad sectors’ bad going compared to the previous three quarters downgraded the rate, official data showed.In the third quarter (January-Marc...

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Pakistan: IMF asks to end preferential treatment to textile sectors

The International Monetary Fund has asked Pakistan to swiftly end preferential treatment, tax exemptions and other protections for the agriculture and textile sectors, which it says, have stifled the country’s growth potential for decades. Th...

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Bangladesh: Post-revolution protests cost heavy to garment industry

Bangladesh’s vital garment industry lost $400 million due to unrest following the student-led revolution that ousted the country’s autocratic premier, industry leaders said, insisting the situation was now “stable”.
The South Asian...

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Bangladesh: Garment export to US falls 6.29% in Jan-Sep

Ban gladesh’s garment shipments to the US declined 6.29 percent year-on-year to $5.41 billion in the January-September period this year, according to the Office of Textiles and Apparel (OTEXA).
The US is Bangladesh’s largest export desti...

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Bangladesh: ADB forecast lowers GDP growth to 5.1% for downside risks

Asian Development Bank’s revised outlook of Bangladesh’s economy projects a dip in the GDP growth by 1.50-percentage points to 5.1 per cent in the current fiscal for a slew of downside risks.The wellspring of risks mostly comprises continui...

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Bangladesh: Government dissolves BGMEA board

Bangladesh’s interim government has dissolved the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) board of directors, appointing Md Anwar Hossain from the Export Promotion Bureau as administrator.
The decision, based on...

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Bangladesh: Skips India, reroutes textile exports through Maldives

Bangladesh, the world’s second largest garment producer, has opted to bypass India to ship its textile exports through the Maldives for onward distribution to global markets, affecting the cargo revenue prospects of India’s airports and sea...

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