Numerous proposals on duties, taxes, VAT put forward in pre-budget consultations Like every year, the government held pre-budget consultations this year with trade bodies, NGOs and think-tanks before preparing the national budget for 2009-10 fiscal year that is being announced today. In course of those pre-budget parleys that staggered for nearly two ...

ndia's garment exports stood at $10.13 billion in 2008-09, growing by a moderate 4.6 per cent over the previous fiscal despite demand erosion in the US and European economies, reeling under recession. Apparel exports were $9.68 billion in 2007-08. The business confidence would continue to remain low key during the first quarter ...

At least $2 million would need to be kept in Wool Equities Ltd (WEL) for the Wool Advancement Group (WAG) of shareholders to be interested in taking it on to invest in commercial businesses. WAG executive Michael Mellon said everything hinges on how much the WEL directors pay out in a ...

Gokaldas Exports Ltd., India’s biggest garment exporter, says the rupee’s slide to a record low helped to win orders from rivals in China, where the yuan gained against the dollar in the past year. “The yuan’s stability and the rupee’s ...

The Dubai Cotton Centre (DCC) plans to start operations during the third week of April, following a three-month delay due to economic uncertainty, an executive said. The centre will be a redistribution and trading post for cotton from Uzbekistan en route to Asia. Storing large quantities of cotton in Dubai will ...

Trade analysts advise govt on recession risks Trade experts yesterday advised the government to aggressively negotiate with the Obama administration to obtain duty-free and quota-free access for Bangladeshi goods to the US. “This is the time to chalk out details with the Obama administration,” Dr Debapriya Bhattacharya, a distinguished fellow ...

New, Exclusive Brand Builds on JCPenney’s Leadership in Home Brand Brings Cindy Crawford’s Style Expertise to JCPenney Continuing to build its leading home business, J. C. Penney Company, Inc. (NYSE: JCP) today announced the launch of Cindy Crawford Style, a new brand of home furnishings and accessories by renowned ...

Bangladesh fetched $1.217 billion from exports in February against the $1.264 billion target, registering a 3.75 percent shortfall in expected earnings. The state-run promotional agency for exports says international buyers placed fewer orders in the month because of the global economic crisis. In January, exports went 4.38 percent higher than the target, ...

An Indian company named Geebee Garments Industries Limited will set up a garments manufacturing industry by investing 9.5 million US dollar in the Karnaphuli Export Processing Zone. The fully foreign owned company will produce shirt, t- shirt, blouse, jackets, trousers and shorts and create employment opportunity for 2,278 Bangladeshi and 22 ...

A local spinner will set up the country's first ever petrochemical plant to produce polyester chips by investing Tk 5.5 billion mainly to give a fresh boost to the apparel sector, the yarn manufacturer said Wednesday. Polyester chips, which are intermediate goods, are utilised for manufacturing synthetic fibre, fabrics and pet ...