Economy of Bangladesh

Barred by Wal-Mart, Bangladeshi clothes suppliers feel left on the shelf

Bangladesh relies on garments for 80 per cent of its exports. The country is second only to China in apparel exports. Photo: AFP

The day after Wal-Mart Stores published Simco's name on its list of banned Bangladesh suppliers, the garment maker learned it had lost an order from US retailer J.C. Penney for 500,000 pairs of pyjamas.

Friday, 7 June, 2013, 3:46am

Industrial profits in first fall since 2009

The mainland's industrial sector saw profits fall in the first two months of the year, marking its worst performance since the world's second-biggest economy was still feeling the impact of the global financial crisis.

28 Mar 2012 - 12:00am

China eyes emerging markets for exports

China will focus on boosting exports to emerging economies next year in the face of 'severe challenges' from sluggish demand in Europe and the US and rising costs at home, a senior trade official said yesterday.

8 Dec 2011 - 12:00am

Snakeheads wait at journey's end

After almost a year without news of her husband, Morzina Akhtar believed he was dead, one of the hundreds of Rohingya boatpeople who perished at sea.

Helaluddin Ahmed had joined a boatload of men for the perilous voyage to Malaysia, one day after their marriage. He was among about 100 men who left the Khutakhali village cluster between November 2008 and January last year.

7 Feb 2010 - 12:00am

Guangdong to help foreign firms

Guangdong will set up a co-ordinating group to assist foreign investors in resolving land problems after the province saw 271 foreign-invested companies shut down or relocate in the first two months of this year, affecting some 406,000 employees.

7 Apr 2009 - 12:00am

Mainland trade surplus rises to record as import growth slows

Mainland import growth lagged the expansion in exports for the first time in six months last month, fuelling a record trade surplus and concerns that domestic consumption is slumping.

The country imported US$107.1 billion worth of goods last month, 21.3 per cent more than a year earlier but below August's 23.1 per cent rise, China Customs said yesterday.

14 Oct 2008 - 12:00am

Rebate cuts bite into textiles and paper exports growth

Sales rise to slow to 16pc as stronger yuan also erodes gains

The sharp growth in mainland exports of textiles and paper is to slow down in the second half of this year due to the combined effect of steep cuts in tax rebates and a more expensive yuan, the state's economic planning agency has warned.

17 Jul 2007 - 12:00am

Economy tipped to cool down this year

Foreign investment in manufacturing to weaken as Beijing readjusts policy

China's annual economic growth is forecast to slow to roughly 10 per cent this year as the central government tries to enforce policies aimed at curbing investment, Xinhua yesterday quoted an influential government think-tank as saying.

3 Jan 2007 - 12:00am

China investment boosts Bangladesh textile exporters

Bangladesh has not lost ground to a flood of Chinese textiles into export markets, thanks in part to China's growing involvement in the South Asian nation, Bangladesh government ministers said yesterday in Beijing.

20 Aug 2005 - 12:00am

You can't pull the wool over the world's eyes with quotas, Mr Tang

'But as quotas imposed by the US on Chinese textile exports do not cover Hong Kong, local manufacturers can circumvent the restriction by moving their production facilities back to the city'

South China Morning Post

June 7

8 Jun 2005 - 12:00am

Loan curbs slow industry growth

Tighter bank lending, anxiety over US 'safeguard' quotas restrain investment

The blistering growth of China's textile industry has slowed significantly due to the central government's efforts to cool the economy and fears of future quotas in the United States, industry representatives say.

11 Aug 2004 - 12:00am

Textile shares soar on solid growth view

Stock prices of Hong Kong textile exporters rose yesterday as focus on strong earnings growth coupled with prospects of increased international market share ahead of the planned scrapping of export quota restrictions boosted their investor appeal.

17 May 2003 - 12:00am

Investment in Shanghai surges despite global uncertainty

Foreign investment in Shanghai rose nearly 32 per cent in the first two months of this year, despite the threat of a war in Iraq.

13 Mar 2003 - 12:00am

Slow export growth hits surplus

China's trade surplus plunged 32.4 per cent year on year to US$11.45 billion in the first eight months as imports continued to outpace exports.

Chinese exports rose 7.3 per cent over the previous year to US$170.99 billion, down from 8.4 per cent in the first seven months, Xinhua reported yesterday.

15 Sep 2001 - 12:00am

Declining exports to US hit Asian growth estimates

Asian exports to the United States will contribute only 0.4 per cent to the region's nominal gross domestic product growth this year, compared with 1.5 per cent last year, Macquarie Bank forecasts.

In a research report released yesterday, Macquarie said the factors that supported Asian export growth to the US at the beginning of last year had largely been unwound.

19 May 2001 - 12:00am