Asia News

Hong Kong: Crystal automates for manufacturing excellence

Crystal International Group has enhanced its digital capabilities and automation solutions to achieve manufacturing excellence. To streamline its operations along the entire manufacturing process, Crystal has been investing in the latest digita...

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Vietnam among most preferred emerging markets in Asia-Pacific

The recently released 2024 Asia-Pacific investor intentions survey by CBRE shows that the real estate market of Vietnam ranks second among the top three preferred emerging markets, following India and preceding Thailand, in the region.
This ...

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Bangladesh to venture into Asian markets

Traditionally reliant on Western markets, notably the United States and European countries, Bangladesh now plans to venture into the Asian markets once dominated by formidable competitors like India and China.
This strategic pivot coincides ...

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China: Textile sector sees 7.2% increase in profits in 2023

China’s major textile enterprises witnessed a notable 7.2 per cent year-on-year increase in the total profits last year, official data has revealed.
As per the Ministry of Industry and Information Technology reports, these enterprises coll...

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Pakistan: Textile exports hit $1.41 billion in Feb

Pakistan’s textile sector showed a remarkable recovery in February, as its exports increased by nearly 20% year-on-year, reaching $1.41 billion, according to the provisional data released by the All Pakistan Textile Mills Association (APTMA)....

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Vietnam: Garment sector eyes 44 billion USD in export this year

The garment and textile sector has set a target of 44 billion USD in export turnover this year, up 10% year-on-year.
According to the Vietnam Textile & Apparel Association (VITAS), garment and textile exports last year reached 39.5 billi...

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China: Economic activity rebounds in 2023

China’s activity rebounded in 2023 following the post-COVID reopening with real GDP estimated to have grown broadly in line with the authorities’ growth target of around 5 percent, the executive board of the International Monetary Fund (I...

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Pakistan: Escalating production costs threaten sustainability of textile sector

Pakistan’s textile industry, vital to the nation’s economy, faces a daunting challenge of soaring production costs despite stable cotton prices, raising concerns about the sector’s sustainability if corrective measures are not taken promp...

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Bangladesh: BGMEA and MAQI Technology to jointly boost RMG industry competitiveness

Through the integration of cutting-edge technology and advanced equipment as well as the development of worker skills, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and MAQI Technology Group Co Ltd. have formed a strate...

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Bangladesh: To venture into Asian markets

Traditionally reliant on Western markets, notably the United States and European countries, Bangladesh now plans to venture into the Asian markets once dominated by formidable competitors like India and China.
This strategic pivot coincides ...

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Bangladesh: BGMEA strives for diversifying exports with heritage clothing

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has taken an initiative to promote local heritage fashion apparels in the global market as part of its efforts to diversify the export basket. Local apparel makers hope tha...

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Bangladesh: Apparel makers demand HS code for imports, tax cuts

During a recent pre-budget discussion for the forthcoming fiscal 2025 at the National Board of Revenue’s headquarters in Agargaon, in Bangladesh’s capital Dhaka, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), which ...

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Bangladesh: Injecting $18b more into non-cotton apparel may fetch $42b by 2032

Bangladesh’s non-cotton apparel exports have the potential to surge to $42 billion by 2032 through developing a comprehensive value chain and reducing reliance on imports with an additional investment of $18 billion, according to a study.
...

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Inspectorio Launches Supply Chain Management Platform Powered By AI

Inspectorio, creators of an AI-powered platform for quality, responsible sourcing, traceability, and production management for the supply chain, announced the release of the Inspectorio Supply Chain Management Platform. This end-to-end supply c...

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Bangladesh: RMG export in February one of the highest

Bangladesh exported garments worth $4.49 billion in February 2024, one of the highest for any single month, undergoing a year-on-year growth of 13.93 percent, according to data from the Export Promotion Bureau (EPB).
The garment export durin...

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