A rising number of entrepreneurs are joining the queue to establish private economic zones, tempted by the tax breaks and a host of other benefits offered by the government. Some 43 entrepreneurs have so far applied to the Bangladesh Economic Zones Authority (Beza) for licences to set up economic enclaves on their land. The Beza…
Leather and footwear makers based in China are interested to make the investment in order to produce leather goods and footwear. Assumably, the Chinese investors are keen to establish their production units out of China in order to lower production cost. Recently, a visiting foreign business delegation from China explored avenues and ways to invest…
In May 2018, the volume of Pakistan’s exported footwear increased by 17.0% compared to similar period in 2017; 806 thousand pairs rising to 943 thousand pairs. In terms of value, exported footwear grew from 80.1 million US dollars in May 2017 to 9.25 million US dollars in May 2018 (+15.5%), according to data released by…
Consumers may be spending more, but they’re focused on things beyond what they wear. U.S. personal income increased 0.4%, or $47.8 billion, in March, primarily driven by gains in wages and salaries, social security benefits and dividend income, according to estimates released Monday by the Bureau of Economic Analysis (BEA). Disposable personal income (DPI) also…
As sourcing costs rise along with trade tensions, the appeal of affordable labor costs and relatively tension-free trade relations has footwear companies increasingly turning their attention to Vietnam. Pulling from the data compiled for its World Footwear Yearbook, World Footwear said Vietnam produced 1.18 billion pairs of shoes in 2017, giving it a 5.2% share…
This study reflects on the main global consumer trends with special attention to the key changes for the footwear industry and the foreseeable impacts on companies, brands, and consumers by 2030. In a society with an economy characterized by change and volatility, the researcher team engaged on a reflection based on the trends that will…
On behalf of the Leathergoods And Footwear Manufacturers & Exporters Association of Bangladesh (LFMEAB), on the eve of Eid, we would like to wish all of you with a warm “Eid Mubarak!” May God showers His blessings upon us and brings more wonderful opportunities to work together! Wishing you a happy celebration day of Eid-ul-Fitr…
Bangladesh should stop sending domestic workers to Saudi Arabia considering pervasive workplace abuse there, speakers at a programme said on Monday.Rather, job opportunities should be created for less-skilled women in the country, they said. Different sectors such as apparel, knitwear and leather can employ the women willing to go abroad for jobs, they added. The…
President Abdul Hamid of Bangladesh handed out a series of awards to some of the country’s most innovative and fastest growing textile producers on Tuesday. As part of the ceremony at Osmani Memorial Auditorium in Dhaka, President Hamid will present six textile firms with the President’s Award for Industrial Development The awards mark the companies’…
Bangladesh’s exports of leather reached 81 million US dollars in the first six months of the current financial year (July to December 2017). This represents a decline of 29% from similar period in the previous year and the achievement of 87% of the strategic target fixed for the first semester. Exports of leather products almost…