Category Archives: Industrial News

Danish fashion brands are going bankrupt.

Recent reports from Danish financial media have indicated that several popular Danish fashion brands, including BTX Group, are facing significant financial difficulties. One of Denmark’s oldest clothing brands, BTX Group, which was established in 1935 and is the parent company of Brandtex, has filed for bankruptcy due to ongoing financial deficits and substantial debts. In […]

Global fossil fuel consumption and energy industry carbon emissions hit new highs.

The “Statistical Review of World Energy” recently released pointed out that while the proportion of fossil fuels in the global energy mix has slightly decreased, global consumption of fossil fuels and carbon emissions from the energy industry are expected to reach a record high in 2023. As global temperatures rise to 1.5 degrees Celsius, scientists […]

Taiwan become the second largest source for ASEAN.

According to the Ministry of Finance Taiwan, the import market share of Taiwan in ASEAN reached 7.7% in the first quarter, positioning Taiwan as the second largest source. Taiwan and ASEAN have reportedly developed a close division of labor in the electronics, information, and communication industries, leading to deepened trade relations. Data shows that Taiwan’s […]

U.S. surpassed China in Q1 to become the largest export market in ASEAN.

According to recent data, the U.S. has overtaken China in the first quarter to emerge as the leading export market in ASEAN. Statistics indicate that from January to March this year, ASEAN’s exports to the U.S. amounted to US$67.2 billion, surpassing exports to China by US$57 billion. Analysts attribute this shift to the increasing procurement […]

More than five thousand Philippine garment workers lose jobs as exports weaken.

The garment industry in the Philippines has seen a decline in employment, with around 5100 local factory workers laid off or furloughed since the start of the year. The decrease is largely attributed to a drop in exports. Maritess Jocson-Agoncillo, the executive director of the Confederation of Wearable Exports of the Philippines (Conwep), revealed that […]

Dirty cotton – “BCI”

Earthsight, a non-profit organization, has recently published an investigative report revealing the potential dark side of the textile industry. The report indicates that leading fast fashion brands such as H&M and ZARA may be sourcing cotton from lands that have been illegally reclaimed and cultivated, leading to what Earthsight has termed “Dirty Cotton.” The investigation […]

Consumers refuse to buy and protest against retailers.

In recent reports by the media, it has been highlighted that despite a decrease in inflation, prices are still on the rise. This has created financial challenges not only for middle and low-income consumer groups, but also for high-end consumers who are now having to be more cautious with their spending. Sarah Wyeth, managing director […]

The US will strictly scrutinize low price packages

The Wall Street Journal quoted the U.S. Department of Homeland Security as reporting that due to trade loopholes, the number of duty free small parcels entering the country from e-commerce companies such as Shein and Temu has surged, as a result, it will be subject to greater scrutiny, including investigating whether imported goods violate the […]

Africa should not become a dumping ground for fast fashion

In the past, sending second-hand clothes to developing countries used to be considered a charitable action. However, as time has passed, it has become an issue that has both environmental and social implications. France, Sweden, and Denmark have proposed a ban on EU exports of second-hand clothing. This proposal was discussed at the EU Environment […]

Overcapacity is flooding the world and escalating trade confrontation.

The issue of overproduction in China’s manufacturing industry and its global impact has been gaining attention. According to a report, the Chinese government is focusing on supporting manufacturing rather than promoting household consumption. As a result, the Chinese market is slow and surplus products are being exported overseas. Additionally, due to the significant increase in […]