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 ...

China’s new ethylene capacity would likely grow 82% to 17.84m tonnes/year over the next three years with the help of the fiscal stimulus package dedicated to the petrochemical sector, industry sources said on Tuesday. The additional capacity will come from five new crackers and six cracker expansions projects that would be ...

Terry towel makers yesterday demanded the government raise cash incentive to 15 percent from the existing five percent to offset losses from global recession. The leaders of Bangladesh Terry Towel and Linen Manufacturers and Exporters Association also sought that the government release arrear incentives from April as the industry is reeling ...

The domestic starch makers are witnessing a rise in demand for their finished products. This upsurge can be attributed to the textile sector which players say will sustain. According to them, growth in demand will help firm up starch prices. The starch prices have increased to Rs 800 for a bag ...

Domestic sales of textiles and textile products made in Indonesia in the last three months increased by about 15 to 20 per cent as a result of the government's policy to tighten import of five manufactured commodities, including textile products, an industry official said. "The trade ministry's efforts to regulate the ...

Textile exports are set to languish this year with no signs of a quick pick up, notwithstanding the increase in tax rebates. China on Wednesday raised the tax rebate rates on exports of certain textile and apparel products from 15 percent to 16 percent. It is the fourth time the government ...

The FTC has approved the publication of a Federal Register notice amending Commission Rule 7(c) of the Rules and Regulations under the Textile Fiber Products Identification Act, commonly known as the Textile Rules, to establish a new generic fiber subclass name and definition. The new name and definition, for a ...

The new chairman of Bangladesh Jute Mills Corporation, T D Mitra, has emphasised a halt to wastage of money and raising productivity to sustain the jute industry. Mitra was speaking at a meeting with project directors of all the state-owned jute mills in Khulna-Jessore industrial at the BJMC's Khulna zonal office ...

The United Nations Industrial Development Organisation (UNIDO) yesterday, observed that Nigeria's textile sector was rapidly shrinking with only few currently companies in operation. The observation was contained in a UNIDO Critical Situation Report on the Nigerian Textile Industry, made available to the News Agency of Nigeria (NAN) in Abuja. UNIDO therefore, ...

The weakening global economy is taking its toll on the textile industry, and the U.S. will continue losing market share in the global cotton market, said agricultural economists in Texas Tech University’s Cotton Economics Research Institute (CERI). Annual forecasts released by the institute show a substantial decline in Chinese mill use, ...