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Furniture makers eye 20% sales growth malaya.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaya.com.ph Daily Mail and Mail on Sunday newspapers.
Garment exporters forecast as much as 12 percent increase in exports this year with minimum 8 percent growth contribution from countries under the Regional Comprehensive Economic Partnership (RCEP).
Photo credit: (Philexport News and Features) Foreign Buyers Association of the Philippines (FOBAP) President Robert Young said the group has been securing relocated garment and apparel production export orders and inquiries on a fresh buying import program in the past week from buyers like Zeeman Europe, Walmart, TJ MAx USA, and Hudsons Canada, among others. “Rough estimates totaling to $200 million to date have been booked and FOBAP projects double in quantity in the coming three to four months,” said Young, who said the new orders provide great relief to the pandemic hit industry. Young said orders received by FOBAP mostly comprise simpler and basic babies’ playwear, men’s athletic and sporting outfit, ladies’ dresses, and intimate apparel. ....