Commerce Minister GM Quader, BGMEA President Shafiul Islam and Spanish Ambassador in Dhaka Luis Tejada Chacon seen,among others, visiting the testing lab for garment industry after its inauguration in the city Wednesday Country's first ever testing lab for garment industry was formally inaugurated Wednesday with a view to providing better services to the exporters at a lower cost. The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has set up it. Commerce Minister GM Quade

The return of Italian buyers has given a boost to the local wool market, with prices rising steadily at this week's Newcastle sales. The Europeans bought more than 40 per cent of yesterday's offering. Elders Wool spokesman Craig Brennan says it is good news to have the Italian buyers back in the mix. "They have been pretty steady going actually," he said. "There's just very little stock overseas in Europe." Wool brokers say the boost is even more surprising considering the economic tur

Chinese textile producer Texhong plans to invest USD 70 million in a yarn production plant in Balikesir province in western Turkey. “The Chinese company chose Balikesir as an investment location for its logistic and strategic advantages,” according to Mustafa Gundogan, Secretary General of the South Marmara Development Agency, the regional investment office for Balikesir and Canakkale provinces. “The yarn manufacturing facility will cost USD 70 million and is scheduled to commence production w

The 7th edition of IGATEX Pakistan will take place at Lahore International Expo Centre from October 11 to 14, 2012, local media reported Wednesday. IGATEX Pakistan is aimed to highlight the immense potential and investment opportunities of textile industry in Pakistan. IGATEX Pakistan 2012 will witness more than 550 companies from over 30 countries and is committed to creating strong business alliances between Pakistan and the rest of the world by putting the local industry in the forefront,

UK retail sales values were up 1.5% on a like-for-like basis from September 2011, when they were up 0.3% on the preceding year. On a total basis, sales were up 3.4%, against a 2.5% rise in September 2011. The recovery from last month was mainly driven by Clothing and Footwear, which saw its best growth since last Christmas, partly helped by the favourable weather. There were also some signs of revival in the Home and Furniture market. Online sales picked up from August's record low ending

Lady Gaga is no stranger to wearing designer wears, and it looks as though she couldn’t even wait a week to try on some of Hedi Slimane’s debut creations for Saint Laurent Paris. The designer showed his much talked about Spring 2013collection last Monday during Paris Fashion Week, and although it’s received much flak in the industry, Lady Gaga seems to be on Team Hedi, as the first to have worn pieces from his collection literally straight off the runway. Lady Gaga was in London on Monday

Amid other analysts' somewhat gloomy forecasts, Dan Steinbock of the India, China and America Institute said China's GDP growth is likely to gain strength in the second half of 2012. Growth in China's GDP has slowed for six consecutive quarters, hitting a three-year low of 7.6 percent in the three months ended June 30. UK-based Barclays PLC recently cut its forecast for Chinese GDP growth in 2012 to 7.5 percent from an earlier projection of 7.9 percent. That followed lowered expectations f

Bangladesh’s exports rose in September for the third month in a row thanks to improving garment orders, official data showed on Tuesday. Exports jumped 31.3 percent in September from a year earlier to $1.9 billion, the Export Promotion Bureau said. Total exports for July-September, the first quarter of Bangladesh’s financial year, were up 2.1 percent to $6.29 billion. From March through June, Bangladesh’s monthly exports were lower than the previous year. In September, exports of ready-made garm

The textile industry has called on its members to work harder to achieve its US$18 billion dollar export target this year. This was announced yesterday by the secretary of the Viet Nam Textile and Apparel Association (Vitas), Le Tien Truong, who is also deputy CEO of the Viet Nam National Textile and Garment Group (Vinatex). The call came after garment export turnover reached only about $10 billion in the first nine months of the year as demands of major markets declined. "Vinatex is now s