Fashion
Bangladesh allows partial exporters to import raw materials duty free
Exporters who cannot obtain a bonded warehouse licence under existing bond management conditions can now import raw materials or goods without paying customs duties, according to domestic media reports.
To avail of this benefit, importing companies must submit a bank guarantee equivalent to the customs duties assessed by the authorities on the imported items.
Bangladesh’s National Board of Revenue has allowed partial export-oriented industrial units to import raw materials free of duty against a bank guarantee.
Exporters who cannot obtain a bonded warehouse licence can now import raw materials or goods without paying customs duties.
The decision will help export-oriented industries maximise production capacity, diversify exportable products and expand exports.
NBR expects the decision will help export-oriented industries maximise their production capacity, diversify exportable products and expand exports.
Fibre2Fashion News Desk (DS)
At SPGPrints, innovation is part of our DNA. Since inventing rotary screen printing in 1963, we’ve continued to shape the textile printing industry — from pioneering high-speed rotary printing to leading today’s digital transformation. With decades of experience and a strong customer-first approach, SPGPrints empowers businesses worldwide to achieve more through reliable, sustainable, and high-quality printing solutions.
SPGPrints will showcase innovation at ITMA Asia 2025 (October 28–31, Singapore).
Highlights include the launch of its new digital textile printer for faster, sustainable production, plus rotary systems Teak and Eucalyptus for quality, flexibility, and efficiency.
The eco-friendly Larch CO₂ laser engraver enables precise, water-free screen production.
A New Digital Milestone
At ITMA Asia 2025, we will unveil our newest digital textile printer, designed to meet the evolving needs of modern textile production. As the market shifts toward digital printing — demanding shorter runs, faster turnaround, and more sustainable workflows — our new solution combines high resolution, speed, and efficiency to help printers stay ahead.
SPGPrints’ complete digital ecosystem — including advanced printers, tailored inks, and global service — enables cost-effective production without the need for engraved screens, while reducing ink, water, and energy consumption.
Rotary Printing: Proven Technology, Future-Ready
Rotary screen printing remains the benchmark for consistency, versatility, and return on investment. At ITMA Asia, we proudly present two highlights from our rotary portfolio:
- Teak – The latest generation of our Pegasus system, offering top-quality output with unmatched flexibility for fine lines, half tones, and special effects. Sustainable features such as eco-paste and a water-saving package minimize waste.
- Eucalyptus – Built for wider-width applications, delivering robust performance, high registration accuracy, and flexibility for shorter runs.
Together, they represent the heritage, innovation, and future of rotary textile printing.
Sustainable Engraving with Larch
Also on display is the Larch CO2 direct laser engraver — a cost-efficient, eco-friendly gateway to high-precision rotary screen production. Using a single-step dry process, Larch eliminates water usage, consumables, and wet processes, enabling fast, sustainable, and accurate engraving.
Discover SPGPrints at ITMA Asia
Visit booth H6-C301 at ITMA Asia 2025 in Singapore (October 28–31) to explore our full portfolio. See our new digital printer unveiled live, experience the power of Teak and Eucalyptus, and learn how Larch can transform your workflow. Experience the difference with SPGPrints — where heritage meets innovation.
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (HU)
By
Bloomberg
Published
September 30, 2025
On Holding AG appointed a new chief operating officer (COO) as the Swiss brand looks to scale up innovations like its Lightspray shoemaking robots and take more market share from rivals Nike Inc. and Adidas AG.
Scott Maguire, who joined as On’s chief innovation officer in March after stints at Specialized Bicycle Components and Dyson, will now have a dual role to “oversee the integration of innovation and operations,” the company told Bloomberg Tuesday. He will take over as COO in January.
His task will likely involve efforts to scale up the Lightspray robots that On has used to make high-end marathon sneakers and talked of expanding for the production of other footwear. The project is already overseen by Maguire.
The current COO, Samuel Wenger, is leaving to pursue other opportunities in the startup world, according to an internal memo he wrote seen by Bloomberg.
Wenger joined On in 2017 and helped steer it through a period of hyper growth. He helped build On’s sourcing office in Vietnam, set up its first retail stores and oversaw the finance division following its initial public offering in 2021.
Founded in 2010, Zurich-based On has achieved rapid growth by winning fans in the running world with its light and comfortable footwear and expanding its business into tennis, outdoors and apparel. The company is entering the final year of its three-year strategy outlined in October 2023, which called for a doubling of net sales and achieving high profitability.
Going forward, On will need to keep expanding into new markets, especially in Asia, to maintain growth. Its sneakers are among the most expensive in the industry, with the popular Cloudsurfer Max model selling for 180 dollars. That’s helped it stay highly profitable despite the turmoil caused by President Donald Trump’s trade tariffs and other macroeconomic uncertainty.
Even so, shares of On have dropped 20 % this year, slightly less than Adidas but more than Nike, which is recovering after a series of recent stumbles.
The Philippine economy is expanding steadily, supported by strong domestic consumption and a resilient labour market, though growth is slower than pre-COVID levels, the ASEAN+3 Macroeconomic Research Office (AMRO) said after its September 2–19, 2025 consultation.
The mission was led by principal economist Jinho Choi, with policy discussions involving AMRO director Yasuto Watanabe and chief economist Dong He. Discussions focused on the Philippines’ recent macroeconomic developments, outlook, risks and vulnerabilities, and policy priorities for sustaining growth and maintaining financial stability.
Inflation is projected to rise moderately from 1.8 per cent in 2025 to 3.2 per cent in 2026, remaining within the BSP’s target.
The current account will remain in deficit, but net inflows in the financial account and a robust banking sector—characterised by low non-performing loans (NPL), strong profitability, and ample liquidity—support overall stability. Fiscal consolidation continues but at a slower pace to prioritise growth-enhancing measures. Monetary policy has shifted to easing, with the BSP advised to proceed cautiously given potential supply shocks and a near-zero output gap.
Downside risks include aggressive US protectionist measures, weaker demand from trading partners, tighter global financial conditions, and renewed inflationary pressures. Persistent challenges—such as pandemic scarring, weak infrastructure, and limited manufacturing capacity—are weighing on potential growth, AMRO said.
AMRO urged balancing fiscal consolidation with investments in infrastructure and human capital, upgrading the financial stability framework, and improving monetary policy transmission through deeper liquidity and bond market development. The report also highlighted the need to prepare for climate shocks, enhance competitiveness, and embrace AI through workforce upskilling and private sector investment.
The near-term outlook remains stable, driven by domestic demand, but sustaining medium-term growth will require strategic policy refinements and structural reforms.
“Despite external headwinds, the Philippine economy is expected to continue growing at 5.6 per cent in 2025 and 5.5 per cent in 2026. Growth will be driven mainly by robust private consumption, while private investment and exports will face challenges from US tariff policies. If sustained, the tariff impact—partly offset by front-loaded export orders this year—could weigh more heavily in 2026,” said Dr. Choi.
AMRO expects the Philippine economy to grow 5.6 per cent in 2025 and 5.5 per cent in 2026, driven by strong consumption despite external headwinds.
Inflation will stay within BSP’s target.
Fiscal consolidation, easing monetary policy, and reforms in infrastructure, AI-driven upskilling, and financial stability are key to sustaining medium-term growth.
Fibre2Fashion News Desk (HU)
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