Growth in Cambodia is set to ease moderately in 2014 before picking up in 2015 on the back of buoyant exports and robust agriculture and service sectors, a new Asian Development Bank (ADB) report said Tuesday. The ADB Outlook 2014 said Cambodia's economic growth will moderate to 7 percent this year from 7.2 percent last year, with a subsequent edging up to 7.3 percent next year. "Despite political uncertainty and the risk of further labor market tension, Cambodia is expected to exhibit hea

Pakistan Textile Exporters Association (PTEA) has called upon the government to increase gas supply to export-oriented textile sector in Punjab as the domestic consumption has declined significantly due to warm weather. Talking to newsmen, PTEA's chairman and vice chairman, Sheikh Ilyas Mahmood and Adil Tahir, respectively, said that textile industry in Punjab has been facing acute gas shortage since early November as most of gas supplies were diverted to domestic consumers. Currently the ex

For the textile mills in the region, cotton yarn exports have slowed down in February – March because of drop in demand. Industry sources say that on an average 120 million kg of cotton yarn was exported a month from the country for 10 months from April last year. Textile mills say that it reduced in February and March. China had increased purchase in December and January and slowed down in February. Exporters are also facing a drop in price. Further, value of rupee against the dollar i

Garment strikes hit Cambodia in record numbers in 2013, with disgruntled workers taking their calls for an increase in wages to the streets. This year, the protests have been even bigger and demands met with deadly force. Seventeen-year-old Yon Chea had been working at a garment factory on the outskirts of the capital, Phnom Penh, for a little more than a year when government forces found him at the scene of a protest. ‘I heard fighting outside so I went down with my camera phone to see w

Australian Wool Innovation (AWI) has stated that it is in discussions with three Vietnamese companies and six foreign firms about the possibility of establishing a wool weaving factory in the Southeast Asian country. Vietnamese producers are now importing wool yarn from China , India , Italy and Germany . Experts predict that domestic processing will help save import costs and time. AWI is making efforts to intensify connections with Vietnamese businesses to help them access its natural

Taiwan exported textiles and apparel worth US$ 12.545 billion during the period from January 2, 2013 to January 3, 2014, showing a decrease of 1.54 percent year-on-year, according to the data from the Taiwan Textile Federation (TTF). According to the data, Taiwan exported $1.209 billion worth of fibres during the year, which accounted for 9.64 percent of all textile exports from the country. Yarn exports earned $2.273 billion for Taiwan, while fabric exports fetched $7.841 billion, account

The government has offered special incentive for the raw jute exporters allowing them to reschedule their defaulted loans with the state-owned commercial banks at 8 per cent interest rate in next 10 years, officials said. Ministry of finance on Sunday issued a notice in this connection stating that the businessmen who exported raw jute between 2009 and 2013 would enjoy the privileges. First three years of the stipulated 10 years would be regard as grace period, according to the notice, sa

A delegation of the Chinese textile and garment businesses visited Myanmar earlier this month to study and research the transfer of China’s industrial transfer to Myanmar. The 30-member Chinese delegation comprised both entrepreneurs and senior executives from large and medium textile and garment enterprises, including companies engaged in men’s formal wear, womenswear, knitwear, and textile and knitting machinery. During the visit, the Chinese team met Myint Soe and Kyaw Win, president an

THE minimum wage of workers in Shanghai will be raised to 1,820 yuan (US$293) per month starting next month, up 200 yuan from last year. The increase is 30 yuan more compared with last year’s increase of 170 yuan. Meanwhile, the minimum wage per hour will be hiked to 17 yuan from 14 yuan. Officials said the adjustment was made based on many factors such as residents’ living expenditures, consumer price index, average salary and economic development. It also took companies’ business status and

Firefighters were hindered by toxic fumes during the blaze near Puning, eastern Guangdong. SCMP Pictures At least 11 people died and six were injured in a garment factory fire yesterday in an eastern Guangdong city notorious for such accidents. The blaze broke out at about 1.30pm in a four-storey building that housed raw materials, a sewing workshop and a workers' dormitory in Shadui village, Puning city, near Shantou, the Southern Metropolis Daily reported. Seven fire trucks and 45 fir