The Asian Development Bank (ADB) has approved a $60 million loan to boost the skills and competitiveness of Cambodia’s growing labour force. Currently, Cambodia’s technical and vocational education and training (TVET) programmes are not meeting the needs of the labour market, with most diploma programmes focusing on jobs in the service sector.Pic: Shutterstock.comThe ADB’s loan will help theof Cambodia’s plan to transition its economy from a low-skilled, labour-intensive growth model to a skills

The board of directors of Kontoor Brands, a global lifestyle apparel company with a portfolio of some of the world’s most iconic denim brands includingWrangler,LeeandRock & Republic,has named Rich Williams, CEO of Groupon, as a director, effective June 19, 2019. Williams will serve on the Talent and Compensation Committee of Kontoor’s board of directors.Pic: Kontoor Brands“We’re pleased to welcome Williams to Kontoor’s board of directors,” said Bob Shearer, chairman of the board, at Kontoor

Durkopp Adler has made the automatic eyelet buttonholer 581 that delivers the necessary speed, with the compact Festo solenoid valves, VUVG. With Festo valves, it takes just under four seconds to create a buttonhole. Durkopp Adler is a leader in the sewing machine and automatic sewing machine. Festo is a leader inautomation technology.Dürkopp Adler’s automatic sewing machines are much more than just sewing machines. The high-tech automatic machines feature state-of-the-art control technology, mu

Filpucci is set to present its woollen collections during the next edition of Pitti Filati in booth D14/16. Pitti Immagine Filati is an event that presents world-scale excellence in the field of yarn and knitting industry, which will be held from June 26-28, 2019, in Italy. Filpucci is a leader in the manufacture of creative yarns for quality knitwear.Filpucci yarn collections represent the perfect combination of the best raw materials (high-tech and natural), the know-how in spinning and finish

The BangladeshMills Association (BTMA) recently urged the government to withdraw 5 per cent advance tax on import of textile machinery, spare parts and some raw materials like polyester, tencel fibre andproposed in the 2019-2020 budget, saying the move would discourage investment in the sector and halt expansion of textile mills in the.Import of textile machinery is subject to only 1 per cent customs duty now.The budget also proposed another 5 per cent value added tax (VAT) on manufacturing of y

Pakistan has to pay Rs 200 billion as pendingsector refunds, according to Zubair Motiwalla, chairman counsel of All Pakistan Textile Association, who recently briefed the senate standing committee on finance, revenue and economic affairs. He said kids’ fabrics are being imported from abroad and smuggling and under-invoicing should be stopped.Textile manufacturers are already paying 16 different taxes, but 17 per cent additional sales tax was imposed on the industry in the Finance Bill 2019, Moti

Amazon India recently launched its largest delivery station in Telangana covering over 20,000 sq ft in Hyderabad to speed up last-mile deliveries for customers in the neighbouring Ranga Reddy district. The company has around 90 delivery stations in the state—over 12 in Hyderabad, three fulfilment centres in the city and two sorting centres.The company is expanding its network in Telangana over the last two to three months, said Prakash Rochlani, director, last mile transportation, Amazon India.I

Wells Fargo Capital Finance, part of Wells Fargo Company, has financed the taking over of Haggar Clothing, a leading apparel company, by Randa Accessories, one of the leading accessories companies. Randa, a privately held company founded in 1910, produces belts, wallets, headwear, slippers, luggage, neckwear, jewelry, and other accessories under 50 brands.“The acquisition of Haggar is an important waypoint on our strategic journey,” said Jeffrey Spiegel, CEO of Randa. “This transaction brings to

Saurer is presenting the intelligent, fully-fledged embroidery solution that offers a wide range of customisation options for customers, the Epoca 7 shuttle embroidery machine, at ITMA 2019 expo, in hall 6, booth B201, from June 20-26, 2019, in Barcelona. The embroidery machine features enhanced automation technology and a new application device.Epoca 7 also incorporates modernised CAD/CAM design software and a new mill management system. It sets new standards in terms of productivity, with an i

As of now, Bangladesh is able to meet 80% demand for fabrics for the export-oriented knitwear sector. While the local fabrics manufacturers are meeting 50% demand of the woven sector. As a result, the country’s $30 billion apparel sector is witnessing double digits growth.Figure: If the government implement the proposed 5% VAT on yarn, the manufacturers have to pay minimum Tk9.40 and maximum Tk23.50 per kilogram.But the proposed budget for the fiscal year 2019-20 poses a great threat for the cou