Latest Emerging Markets News


Philippine audit commission voids textile firms’ tax credits

The Commission on Audit has invalidated almost PHP1.

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Sewing factory for anti-allergy bedcovers in Bulgaria

Germany’s Allergo Healthcare, which produces anti-allergy bedcovers, is building a sewing factory in Pleven, with the recently registered Bulgarian company AllergoTex Medical Textile already hiring...

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Baltic retail

Estonia's Tallink Grupp sells onshore fashion retail business

Estonian shipping company Tallink Grupp has announced an agreement to sell its onshore fashion retail business Baltic Retail to Talwest Grupp.

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Singapore scientists develop chain mail fabric that stiffens on demand

Scientists from Nanyang Technological University in Singapore and the California Institute of Technology have developed a fabric-like material “chain mail” material that is flexible like...

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Nakhon Sawan Biocomplex

Authorisation for Ingeo PLA manufacturing plant in Thailand

NatureWorks, a manufacturer of low-carbon polylactic acid biopolymers made from renewable resources, has obtained authorisation from parent companies GC International, a subsidiary of PTT Global...

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More than 30% of Vietnam’s textile and clothing operations on hold

The proportion of textile and clothing factories that have closed owing to the coronavirus (Covid-19) pandemic has reached 30–35%, according to the Vietnam Textile and...

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India recommends anti-dumping duty on Indonesian polyester yarn

India’s Directorate General of Trade Remedies has recommended the imposition of anti-dumping duty on polyester yarn from China, Indonesia and Vietnam for five years.

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Kyrgyz apparel factory expands with USAID help

The Sedep Apparel Factory in Tengi village of Kyrgyzstan’s Jalal-Abad region has opened a new workshop with support from the US Agency for International Development.

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12 storeez

Baring Vostok buys shares in Russian fashion brand

Baring Vostok, an investment firm having shares in the Russian low-priced Familia chain, has purchased a 12% stake in women’s clothing brand 12 Storeez.

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Investment fund acquires controlling stake in Latvian glass fibre producer

The Preiss-Daimler Group has sold a majority share of Latvian glass fibre producer Valmieras Stikla Šķiedra (Valmiera Glass) for €11m to Luxembourg-based Duke I, a...

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