Latest Emerging Markets News

27.05.2015-15.47.18009a68d95b2b8cdeaa28517c8bf94b48

Belarus to raise Chinese loan to upgrade Orsha Linen Mill

Belarus is planning to raise a preferential consumer loan worth US$51.

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Aglika to open two new textile factories in 2016

With three factories – in Tvarditsa and Veliko Turnovo in Bulgaria, and in Largo, Florida, USA – textile producer Aglika will open two new factories...

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Aster Textile buys El Cegar plant in Serbia

Turkish investor Aster Textile, which recently bought EI Cegar at auction for €1. 5m (US$1. 6m), will develop the textile plant in Nis.

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EBRD supports Bosnian sock producer

Under its Women in Business Programme, designed to provide women with the finance and know-how to grow their business, the European Bank for Reconstruction and...

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Clothing workers facing tough conditions in Myanmar, says Oxfam report

The clothing sector in Myanmar is booming owing to an upsurge in investment by international brands, but workers are facing tough conditions.

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Apparel brands urged to pay living wage in Cambodia

The Clean Clothes Campaign (CCC) has called on brands such as H&M, Gap, Levi’s and Inditex to ensure Cambodian clothing manufacturing workers receive US$177 a...

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Tax cuts proposed for Indonesian textile and footwear companies

Indonesia’s Investment Coordinating Board (BKPM) has proposed income tax cuts to support the country’s textile and footwear industry.

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Prolexus to construct new knitted fabric plant in Malaysia

Apparel producer Prolexus Group is to start construction of a new knitted fabric plant as a part of its plans to become a vertically integrated...

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Lee clothing now sold in vending machines in Thailand

The Lee jeans brand is exploring new opportunities from foreign tourists and vending machines in Thailand.

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Russia may formally ban Turkish textile products

Vadim Solovyov, deputy chairman of the Duma Committee on constitutional legislation and state construction and a member of the Communist Party, has written to Prime...

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