Textile industry forecast exports rebound

Textile exports plunged since the 2008 financial crisis
Textile exports plunged since the 2008 financial crisis

Local textile and clothing manufacturers are expecting a change of fortunes in the forthcoming financial year since the country’s economy is showing signs of recovery from the global financial meltdown.

As one of the largest employers in the country, the textile and clothing industry has been seriously hit by the financial crisis, which led to exports dropping at a high rate and closure of some firms hence loss of jobs.

In an effort to breathe some life into the industry, the government budgeted over P20 million last year, to provide temporary assistance to support 34 textile companies, employing 2,912 workers.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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