Fashion
Turkiye raises monthly minimum wage by 27% for 2026
The gross minimum wage will be set at TL 33,030, he said.
Turkiye’s net monthly minimum wage will be raised by 27 per cent YoY to 28,075 Turkish lira (~$655.53) next year, Labour Minister Vedat Isikhan has said.
The gross minimum wage will be set at TL 33,030.
The announcement followed the third meeting of the Minimum Wage Determination Commission.
The talks were held without the participation of Turk-Is, the main labour confederation, which rejected the hike.
The hike will affect close to 9 million workers and is being widely perceived as a benchmark for private-sector pay rises.
“With the new wage, we stand behind our promise of not letting our employees be crushed by inflation,” he was quoted as saying by domestic media reports.
The announcement followed the third meeting of the Minimum Wage Determination Commission, comprising 15 members, five each from the government, employers and workers.
However, this year’s talks were held without the participation of Turk-Is, the main labour confederation, which said it is not accepting the increase as the hiked figure does not meet any of its demands.
Annual inflation in the country cooled to 31.1 per cent in November—the lowest in four years.
Vice President Cevdet Yilmaz recently said the government’s priority for next year is to bring inflation below 20 per cent.
Fibre2Fashion News Desk (DS)
While trends in high frequency indicators for January-February 2026 appear favourable, the heightened uncertainty around the duration of the Middle East conflict casts a shadow on the near-term macroeconomic outlook for India amid high import dependency for items like crude oil, natural gas and fertilisers, it noted.
India’s FY27 GDP growth is likely to slow to 6.5 per cent from the projected 7.5 per cent in FY26 owing to the impact of higher energy prices and concerns around energy availability, ICRA Ratings said.
The heightened uncertainty around the duration of the Iran war casts a shadow on the near-term macroeconomic outlook for India.
If the conflict lasts longer, the adverse effects could widen across sectors.
If the conflict lasts for an extended period, the adverse implications of the same could widen across sectors, amid an uptick in input costs and the consequent impact on profitability of the India corporate sector.
Amid the projected uptrend in the consumer price index-based inflation in FY27 with risks tilted to the upside, ICRA Ratings expects an extended pause on the policy rates by the central bank’s monetary policy committee in the fiscal despite the anticipated softening in the GDP growth. However, it expects the Reserve Bank of India to continue to intervene on the liquidity front during FY27.
The available data for January–February FY2026 indicate a positive trend across most non-agricultural indicators, with the year-on-year performance of 12 out of 18 indicators improving compared to the third quarter of FY26, while the remaining six deteriorated.
Fibre2Fashion News Desk (DS)
Indonesia’s apparel exports rose modestly to $8.705 billion in 2025 from $8.316 billion in 2024, reflecting gradual recovery.
The US remained dominant, accounting for over 56 per cent of shipments, highlighting growing market dependence.
While Japan, South Korea and Europe offered stability, exports stayed concentrated in key products and segments.
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Methanol prices in India have surged nearly 150 per cent from pre-Iran–US tension levels, tracking a sharp rise in crude oil and tightening global energy markets.
Hormuz disruption risks, limited rerouting capacity, rising freight and insurance costs, and constrained imports are fuelling volatility, with prices seen approaching ₹90 per kg.
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