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Bangladesh year-end review 2024: On a ‘political correction’ course

Bangladesh’s textile industry faced severe setbacks in 2024 due to political unrest, floods, and an LNG shortage.
Political protests disrupted operations and exports, while the LNG crisis caused factories to operate below capacity.
These issues led to significant export shortfalls and increased costs, putting the sector at risk.
The government is pushing for reforms to stabilise the industry.Read More

26.12.2024Comments Off,
Sumitomo Chemical transfers LCD business in China for restructuring

Sumitomo Chemical will transfer its large-size LCD polarizing film business in China to a local manufacturer, with subsidiaries Sumika Huabei and XUYOU Electronic Materials being excluded from the company’s consolidation.
This restructuring, effective March 31, 2025, aligns with Sumitomo’s shift towards high-growth areas like OLED and automotive polarizing films.Read More

26.12.2024Comments Off,
US holiday sales up 4.8% YoY; clothing-accessories see 5% rise: Visa

The overall US holiday retail spending this year increased by 4.8 per cent YoY, according to Visa Consulting & Analytics’ (VCA) first Retail Spend Monitor, which reveals that US consumers headed back to stores and online retail shopping continues to grow.
This holiday season saw a 5-per cent rise in sales for clothing and accessories compared to 2.4 per cent in the last year’s season.Read More

26.12.2024Comments Off,