Bangladesh Textile Mills Association (BTMA) urged the government to set value-added tax (VAT) on all kinds of yarn at Tk3 per kilogram in the next national budget for the fiscal year 2022-23.In the current budget, a miller has to pay Tk6 as VAT for a kilogram yarn made of manmade fiber and other fiber, where there is a higher presence of artificial fiber.Figure: BTMA urged the government to set VAT on all kinds of yarn at Tk3 per kg.Meanwhile, the platform also wanted an extension of 15% income

Leather, which is used for its permanence and versatility, has long been associated with grandeur brands. The production process of the glamourous leather product is involving with huge amounts of energy and exposes workers to a sea of toxic chemicals.We can turn to sustainable vegan-based alternatives that imitate leather’s appearance, strength and touch also.Here are some recent vegan-based alternatives that shows tremendous prospect.Pinatex from pineapple leavesFigure 1: Shoe brand Camper and

Trade amongeconomies in Asia and the Pacific (APAC)rose to the highest level in three decades, bolstering the region’s economic resilience amid the COVID-19 pandemic even as mobility restrictions and supply-chain disruptions hampered global trade, according to a report by theAsian Development Bank (ADB).APAC trade grew by 29.6 per cent in the first three quarters of 2021 compared with global trade growth of 27.8 per cent.Trade within the region rebounded by 31.2 per cent during the same period,

LA Fashion Week (LAFW), the Official Fashion Week for the city ofLos Angeles, is set to return onApril 1, 2022under the umbrella of N4XT Experiences, a premier and global event experience company. The joint forces will elevate LAFW’s presence in the preeminent trend-setting city, creating greater opportunity for established and emerging brands.N4XT Experiences is a live events platform launched in 2022 by brand guruCiarra Pardo, former chief creative officer of Fenty, Imad Izemrane, president an

Though the impact of the Omicron variant remains highly uncertain, future business expectations also remained largely unchanged, as any concerns over disruptions caused by rising case numbers were largely offset by the improving supply situation and growing hopes that any disruptions would be modest compared to prior waves, London-based IHS Markit said.An unchanged JPMorgan global manufacturing purchasing managers’ index (PMI) reading in December 2021 masked improvements in various sub-indices:

Decathlon, the French retail bigwig, has seen its UK revenue drop by 4.5 per cent to £225.7 million in the year that ended 31 December 2020.The online revenue in retailer’s UK business too rose by a whopping 122.4 per cent. However, it is imperative that it made an overall loss before tax of £5 million during the said period.What’s notable is that the loss is narrower than what Decathlon had made a year before (£7.5 million). The retailer, reportedly, also said that it still sees the UK as a str

Rent the Runway (RTR), US-based designer clothes rental business has announced that it will enter the fast-growing resale market in an effort to attract new consumers.Shoppers may now peruse the company's selection of designer items for purchase, however, the company's rental service will remain available.The business announced that all consumers may now get a discount on secondhand designer clothes on its platform. Previously, this option was only available to customers who paid a month

Online coupons provider Wethrift released its Inclusive Index, disclosing the most and least size-inclusive retailers available in the UK, from fast fashion brands to luxury labels. The winner? Online retailer SheIn.A one-size-for-all approach is often witnessed in the fashion industry, all retailers and prices included. However, many brands have committed to being more inclusive and have developed their plus-size offering over the last few years. The UK’s average national size being a UK16 - EU

Model and actress Rosie Huntington-Whiteley can add another title to her impressive resumé, founder and chief creative officer of her own beauty line, Rose Inc, which launches make-up and skincare products this week in the UK, the US, Canada and Australia.Billed as “effortless and effective, clean and clinically proven, sensual and sustainable,” Rose Inc is a clean colour cosmetics brand that is vegan, cruelty-free and utilises refillable, sustainable packaging.Huntington-Whiteley isn’t new to t

Shoe Carnival, Inc. reported net sales of 332.2 million dollars for the second quarter of fiscal 2021, a 10.5 percent increase compared to the second quarter of fiscal 2020.The company attributed the sales increase to continued broad-based demand for the product offerings, a more normalized beginning to the back-to-school season, improving macroeconomic factors in the U.S. and the easing of Covid-19 restrictions.Gross profit margin for the quarter increased 13.4 percentage points to 40.9 percent