The government has sought to allay fears of traders over "complexities" of the Goods and Services Tax (GST) with finance minister Arun Jaitley saying that the proposed taxation system will end the cobweb of various taxes and "miseries" ...
Tags: textile manufacture, GST
The Victorian government banned the sale of powdered alcohol with effect from 1 July 2015, and is urging other States to follow suit, in the wake of a new powdered-alcohol product ‘Palcohol’. The Victorian Minister for ...
Having equipment that lets you remain competitive is just as important to manufacturers as being innovative with your products. Having reliable coding and labelling equipment that doesn’t cause downtime (read “losing ...
Tags: innovative products
Vietnam’s textile and garment industry attracted a majority of the biggest foreign direct investment (FDI) projects approved in the first six months of this year though many provinces had earlier announced they would keep away from ...
Tags: textile fashion, FDY project, garment
Textile mill owners in Pakistan’s Punjab province who had announced a voluntary closure of their mills a few days ago, have now called for a ‘forced closure’ after Eid, the Pakistani media has reported. The millers ...
US-based Niagara Bottling has chosen a site at Seguin in Texas to construct its new water bottling factory. Construction of the 557,000 ft2 facility is scheduled to commence in near future and be completed by early 2016. The factory ...
Tags: Niagara Bottling, water bottling
Scottish craft brewery BrewDog will build its first production facility outside the UK in Canal Winchester in Columbus, US. The company plans to invest a total of $30.4m for the construction of a 100,000ft2 facility spread over 42 ...
Tags: craft brewery, Overseas Brewery
Bangladeshi exporters, including apparel makers, will now have to pay 0.6 per cent tax at source on their income from export from the upcoming financial year, as the government slashed the rate from the proposed 1 per cent, according to ...
Tags: Bangla Apparel, Apparel
DS Smith is expanding its market share in Spain after agreeing to buy Spanish company Grupo Lantero's corrugated products business. The recyclable corrugated packaging provider said the €190 million purchase, including assumed debt, ...
Tags: DS Smith, corrugated packaging
Plastic packaging giant RPC Group is surging ahead with more acquisitions to boost growth. Speaking at a media event in central London this week, chief executive Pim Vervaat said that the company was becoming a leader in plastic products ...
Tags: Plastic packaging, RPC Group, plastic products, packaging
Driven by gross margin expansion and a lower tax rate, earnings per share surged 25 per cent, year over year at sports good and sportswear marketer Nike Inc for the fiscal ending May 31, 2015. A Nike press release informed that fiscal ...
Tags: Nike, comfortable footwear, fashionable sports shoes, sports footwear
The Chinese government is considering reform of the individual income tax system this year, finance minister Lou Jiwei said Sunday. China grossed 443 billion yuan (71 billion U.S. dollars) in 2014 from individual income tax, 3.2 percent ...
China's net imports of LPG fell to 729,789 mt in May after rising for four months in a row. The imports fell 23% from 944,603 mt in April, data released Thursday by the General Administration of Customs showed. Net imports of LPG, ...
Tags: LPG Imports, Net butane
For the first fiscal quarter ended April 30, 2015, net revenue at Egyptian apparel retailer Arafa Holding climbed 9 per cent over the same period of previous fiscal. Arafa Holding reported net revenues of $62.0 million during the first ...
Tags: apparel, Arafa Holding
Finance minister Arun Jaitley who is on a visit to the US, has said that economic reforms in the legislative pipeline can push India's growth rate above the current range of 7 to 7.5 per cent. India's economy, Asia's third largest, is ...
Tags: Arun Jaitley, economic reforms