Budget 2018: Reeling under dwindling exports, AEPC seeks several relief

Reeling from a continued fall in export growth and marginal refunds on the goods and services tax (GST), the Apparel Export Promotion Council (AEPC) has written to the government, seeking 12-15 types of relief. They want the duty drawback and the refund of state levies (ROSL) to be restored to pre-GST levels, and also exemptions … Read more Budget 2018: Reeling under dwindling exports, AEPC seeks several relief

Mozambique govt gauging revival potential of several textile factories

The Mozambique government has been for the past more than two decades trying to revive its textile and garment industry, after its near total collapse in the 1990s. Very few factories are operating there at present, and even those that are functioning has an output much below its capacity, and that too, only when they … Read more Mozambique govt gauging revival potential of several textile factories

Several months and millions of dollars later, New Zealand votes to keep its flag

New Zealand voted on Thursday to retain its national flag, which includes the Union Jack of its former colonial ruler, after a 16-month exercise that cost taxpayers NZ$26 million ($17.44 million). Preliminary results of a referendum showed 56.6 percent of voting Kiwis wanted to keep the flag, which is completed by the Southern Cross constellation, … Read more Several months and millions of dollars later, New Zealand votes to keep its flag