Vietnam earned $2.6 billion from exports of textiles and garments in January 2021, up by 3.3 per cent year on year, according to the ministry of industry and trade, which.
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Pic: Shutterstock The South African retail-clothing, textile, footwear and leather (R-CTFL) value chain masterplan has brought optimism to many women in rural Keates Drift in Msinga, KwaZulu-Natal, the government claimed recently. The area, one the poorest in South Africa since its shoe factory closed 26 years ago leaving 3,000 families without any source of income, is slowly building its way up in the clothing and textile sector. To reduce unemployment and poverty in the area, Lelly Mntungwa, 42, started empowering the community through job creation and skills capacitation and established Msinga Clothing Factory in 2016 to further her ambition, according to the country’s department of trade, industry and competition.
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H&M Sergel Torg, Stockholm. Pic: DAVID THUNANDER / THUNANDER AT GMAIL.COM The €500 million sustainability-linked bond with a maturity of 8.5 years, issued by the H&M Group, has generated great interest and has been 7.6 times oversubscribed. The bond will be listed on the regulated market Euronext Dublin and has been placed with the assistance of BNP Paribas, Commerzbank, Danske Bank, SEB and Standard Chartered.
SEB also acted as advisor for the Sustainability-Linked Bond Framework. The annual coupon rate for the bond is 0.25 per cent.
Sustainability-linked bonds are something new on the bond market. In contrast to green bonds, where the funds are linked to specific projects, sustainability-linked bonds are coupled to the company meeting a number of defined sustainability targets.
The US Centers for Disease Control and Prevention has announced guidelines that include wearing well-fitting face masks or two masks at a time to help curb COVID-19. The guidance.
Heavy rains flooded a garment factory on February 8 in the northern Moroccan city of Tangier, killing at least 28 workers due to a short circuit. The sweatshop ran in the.