Textile firms tap into bailout package

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Players in the textile industry were last week cobbling together formal applications to access the P38-million bailout the government is extending to the troubled sector over a two-year period.

A committee has been established in the Ministry of Trade and Industry's Industrial Affairs Department to vet an anticipated deluge of applications from an industry among the hardest hit by the recession last year.

Workers estimated in their thousands lost their jobs as many companies in the textile sector went to the wall last year.

Editor's Comment
Let justice, not politics determine Salakae’s fate

“Justice should not only be done, but should manifestly and undoubtedly be seen to be done.”-Lord HewartHis decision was the correct one.The move neither proves guilt nor settles the serious allegations that have brought him to the doorstep of the Regional Magistrate’s Court.It does, however, recognise a basic principle of accountable government, that a minister facing criminal charges should not remain in a position that could create even...

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