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25 March 2017 08:13AM

Hong Kong Fashion Week for Fall/Winter Closes Tremendous Opportunities Seen in Fashion E-tailing

30 Jan 17 ,  Trade Fair
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19 January 2017 – The 48th edition of Hong Kong Fashion Week for Fall/Winter ended today at the Hong Kong Convention and Exhibition Centre. The four-day fashion fair (16 to 19 January), organised by the Hong Kong Trade Development Council (HKTDC), welcomed some 15,000 buyers from 77 countries and regions.   HKTDC Deputy Executive Director Benjamin Chau noted that the fashion industry is facing immense challenges amidst economic and political uncertainties and lacklustre retail sales. “In spite of that, Hong Kong companies are versatile and with e-commerce developing steadily, companies can capture the opportunities to turn the situation around. At…

Economy
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    14 Aug 14 ,  Economy
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    Ready made garment industry is highly labour intensive. Hence labour cost per hour is an important factor in this sector to remain competitive. As per the global Statistics & data available, it reveals that labour cost per hour in India is substantially lower than the developed and developing countries in the world.

  • Sri Lanka to achieve apparel export target of US$10 billion by 2016

    10 Apr 14 ,  Economy
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    Sri Lanka is heading towards achieving the apparel export target of US$10 billion by 2016, set by President Mahinda Rajapaksa, according to the official government news portal Sri Lanka NEWS.LK’s report.

  • World Bank Report

    13 Mar 14 ,  Economy
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    Five years after the global financial crisis triggered the worst downturn since the Great Depression, the world economy may have finally turned the corner, at least according to the World Bank. Indeed, the World Bank has raised its forecast for global growth this year, its first upgrade in three years. Furthermore, the poverty-fighting institution also predicted a faster pace of expansion for both 2015 and 2016. With the International Monetary Fund also expected to revise its growth projections upwards, the Asia-Pacific region appears set to benefit.

  • China moves to world top spot in trade competitiveness

    10 Feb 14 ,  Economy
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    Xinhuanet reports that China has moved to the world top spot in trade competitiveness in terms of the number of export items, according a report from South Korea’s International Trade Association.

  • Vietnam’s garments and textiles exports to South Korea surge by 53.5%

    10 Feb 14 ,  Economy
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    The figures released by the General Department of Customs of Vietnam showed that the bilateral trade between the country and South Korea hit a record level of US$27.3 billion in 2013, a 29.5% increase over the previous year. Vietnamese exporters earned 18.9% more from the South Korean market, with garments and textiles (US$1.6 billion, up 53.5 %) as the biggest exports.

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    07 Feb 14 ,  Economy
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    Retail demand for clothing in South Africa has expanded significantly since the world recession, according to a report in Issue No 166 of Textile Outlook International from the global business information company Textiles Intelligence. But the main beneficiaries have been foreign suppliers rather than the industry in South Africa itself.

  • Index of Economic Freedom 2013

    11 Mar 13 ,  Economy
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    The Heritage Foundation, together with the Wall Street Journal, has released its annual Index of Economic Freedom, which covers 185 countries and scores countries on 10 freedoms identified by the foundation: labor freedom, business freedom, trade freedom, fiscal freedom, government spending, monetary freedom, investment freedom, financial freedom, property rights and freedom from corruption. The Index measures ten components, using a scale from 0 to 100, where 100 represents the maximum freedom. "For analytical understanding and presentational clarity, the 10 economic freedoms are grouped into four broad categories or pillars of economic freedom:

  • Index of Economic Freedom 2013

    11 Mar 13 ,  Economy
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    The Heritage Foundation, together with the Wall Street Journal, has released its annual Index of Economic Freedom, which covers 185 countries and scores countries on 10 freedoms identified by the foundation: labor freedom, business freedom, trade freedom, fiscal freedom, government spending, monetary freedom, investment freedom, financial freedom, property rights and freedom from corruption. The Index measures ten components, using a scale from 0 to 100, where 100 represents the maximum freedom. "For analytical understanding and presentational clarity, the 10 economic freedoms are grouped into four broad categories or pillars of economic freedom:

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    24 Aug 12 ,  Economy
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    In a year of several key sporting events, most notably the London 2012 Olympic Games, the major brands in the summer sportswear industry are battling for market share, according to the latest issue of Performance Apparel Markets from the business information company Textiles Intelligence.

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    09 May 12 ,  Economy
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    During the first round of wage negotiations with the various South African clothing, textile, leather and related sectors, employers, on average, have tabled first wage increase offers ranging between 2.5% to 6%, according to the Southern African Clothing and Textile Workers’ Union (SACTWU).