February 5, 2021 Share
The military coup in Myanmar is unlikely to do the country’s struggling economy, once considered a promising “last frontier,” any good at all.
Myanmar’s economy has languished as the pandemic added to its challenges and the prospect of fresh Western sanctions in the wake of this week’s army takeover will only make things tougher for those on the ground, economists say.
It’s unclear if China might help make up for lost business due to the increased political risks and potential for turmoil if public anger over the ouster of massively popular Aung San Suu Kyi and fellow civilian leaders erupts in mass protests.
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The volume of Cambodian garment, footwear and travel goods exports dipped 10 per cent in the first 10 months of 2020 over the corresponding period in the previous year. POST STAFF
Asia apparel groups push for better buyers
Thu, 21 January 2021
In a show of solidarity, the Garment Manufacturers Association in Cambodia (GMAC) joined forces with eight competing Asian textile and garment lobby groups to demand better purchasing practices in an industry wrestling with Covid-19 production and supply chain disruptions.
The Sustainable Textile of the Asian Region (STAR) Network is the first inter-Asian network of producer associations of the textile and garment industry, which came together on January 12, marking the start of a new initiative, STAR Network said in a January 18 press statement.
Textile bodies join hands across Asia
Collaboration aimed at better purchasing practices in textile, garment industry
PHOTO: AFP
Major textile exporters of Pakistan have formed an association with their counterparts from other Asian nations in an effort to remove the obstacles hindering swift export of textile.
“Asian producer associations are joining forces for better purchasing practices in the textile and garment industry,” said a statement issued by the Sustainable Textile of Asian Region (STAR) Network, the first intra-Asian network of producer associations of textile and garment industry.
Pakistan Hosiery Manufacturers and Exporters Association (PHMA), Pakistan Towel Manufacturers Association (PTMA) and Pakistan Textile Exporters Association (PTEA) are collaborating with textile exporters from Bangladesh, Cambodia, China, Myanmar and Vietnam.