Half of the autumn cotton harvest in northwest China's Xinjiang region remains unsold as demand from textile and garment makers has weakened amid the global slowdown, state media said Thursday. 
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Global retailer giant Tesco has started outsourcing jute-made shopping bags from Bangladesh as part of its move to promote environment-friendly products worldwide, said an official of a local company yesterday.
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Bangladesh received spot orders for garments worth $59.47 million from foreign buyers at the just-concluded Bangladesh Apparel and Textile Exposition (Batexpo).
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Textile experts yesterday advised Bangladeshi entrepreneurs to take initiatives to enhance productivity and the quality of goods if they want to exploit potential for the garment industry.
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As the election euphoria from Senator Barack Obama's historic United States presidential election victory subsides, more sober questions are emerging.
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To the victor goes the mess. Barack Obama's presidential election victory comes with an albatross of a prize - an economy beset by a stubborn housing slump and the worst financial crisis in 70 years in the US.
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Repeat orders for fashionable knitwear items recorded a drop last month as the global economic meltdown hit retail sales in the US and Europe, said a representative of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) yesterday.
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The exports of knitwear items posted 52.84 percent growth in July-August of fiscal 2008-09 from the same period a year ago, according to data released by the Export Promotion Bureau (EPB) yesterday.
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Driving away the fear of any adverse impact of the global economic crisis on garment exports, the BGMEA chief yesterday unveiled schedules for the country's biggest apparel exposition, BATEXPO-2008.
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The U.S. International Trade Commission (ITC) will monitor certain textile and apparel imports from China at the request of the U.S. House of Representatives' Committee on Ways and Means, the agency announced.
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Global financial crisis has created havoc on the world economy, impact of which is evident in almost all aspects of life.
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Textile industry, one of the major pillars of the Pakistan economy, is now crumbling under the pressure of erroneous policies of the Government.
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Jamuna Future Park, which is said to be the biggest shopping mall and entertainment complex in Asia, will kick off its sales campaign in December with a plan to open it for public by July 2010.
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