British fashion enthusiasts are helping to offload cancelled stock, paying laid-off Bangladeshi garment workers and getting a good deal into the bargain.
After lockdown measures were imposed across the world and all but essential stores closed by coronavirus measures, international retailers including Asos and New Look said they cancelled orders with garment makers.
Factory owners in Bangladesh, the biggest garment producer in the world after China, shut down thousands of factories and sent home up to one million workers with little or no pay.
But a new partnership between a Bangladeshi NGO and a British shopping app is enabling UK shoppers to buy a box of clothes personalised to them, for half the retail value, allowing wages to be paid to workers.
Mallzee, which lists clothes from 180 retailers on its app, is selling fashion boxes for £35 (Dh156.40) containing clothing worth twice that sum through its Lost Stock website. The sale of each box, which can be personalised by size and sex, feeds a family in Bangladesh for one week.
Bangladesh NGO the SAJIDA Foundation is overseeing the income from Lost Stock and ensuring the money goes straight to those who need it most.
The SAJIDA Foundation estimates more than $2 billion in orders were cancelled, leaving mountains of leftover stock. The Bangladesh Garment Manufacturers and Exporters Association said about 75,000 workers have not been paid for March and estimates tens of thousands more will not be paid wages owed to them.
The government has announced a $588 million aid package for its export sector to help pay employees. Garment manufacturers, which estimate they have lost almost $3 billion in exports since the start of April, said the funds were not enough. Foreign-owned firms and joint ventures are not eligible for payments.
“Cancelled orders have affected more than 1,000 factories and the lives of 2.27 million workers and their families,” said Muhymin Chowdhury, head of Challenge Fund and fundraising for SAJIDA, said.
“We are very pleased to partner with Lost Stock, whose approach helps redress the unfortunate failures of global brands to practise responsible sourcing. Every Lost Stock box sold will provide a food and hygiene package to support a family for a week.
“Additionally, Lost Stock purchases garment products at a fair price from Bangladeshi factories helping support them longer term.
The initiative has proved extremely popular since its launch last Monday, selling more than 30,000 boxes of clothing to British consumers. The team is hoping to sell 100,000 boxes by the end of 2020.
“With no safety net available for some of the poorest workers in the fashion supply chain we couldn’t sit back and do nothing – leaving families to starve and new clothing heading to landfill,” said Mallzee Chief Executive Cally Russell.
“Through Mallzee we have a relationship with more than 1.5 million UK shoppers, so we have come up with a way to enable them to save lives as they shop.”
The International Labour Organisation issued guidance on Saturday for the return of employees to workplaces, stating that appropriate measures should be taken to ensure employee safety.
“Unsafe work practices anywhere are a threat to both health and sustainable business, everywhere. So, before returning to work, workers must be confident that they will not be exposed to undue risks,” said Deborah Greenfield, ILO’s Deputy Director-General for Policy.
Workers and NGOs have expressed fear that some of Bangladesh’s clothing factories are not protecting staff after deciding to reopen earlier this month, which could lead to an explosion in coronavirus cases.
"Its impact could be worse than Rana Plaza," activist Kalpona Akter told AFP in April, referring to the collapse of a garment factory complex in 2013 that killed 1,130 workers.
The country has 32,078 cases of coronavirus, and 452 have died.
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Stormy seas
Weather warnings show that Storm Eunice is soon to make landfall. The videographer and I are scrambling to return to the other side of the Channel before it does. As we race to the port of Calais, I see miles of wire fencing topped with barbed wire all around it, a silent ‘Keep Out’ sign for those who, unlike us, aren’t lucky enough to have the right to move freely and safely across borders.
We set sail on a giant ferry whose length dwarfs the dinghies migrants use by nearly a 100 times. Despite the windy rain lashing at the portholes, we arrive safely in Dover; grateful but acutely aware of the miserable conditions the people we’ve left behind are in and of the privilege of choice.
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Madrid Open schedule
Men's semi-finals
Novak Djokovic (1) v Dominic Thiem (5) from 6pm
Stefanos Tsitsipas (8) v Rafael Nadal (2) from 11pm
Women's final
Simona Halep (3) v Kiki Bertens (7) from 8.30pm
MATCH INFO
What: 2006 World Cup quarter-final
When: July 1
Where: Gelsenkirchen Stadium, Gelsenkirchen, Germany
Result:
England 0 Portugal 0
(Portugal win 3-1 on penalties)
Results:
5pm: Conditions (PA) Dh80,000 1,400m | Winner: AF Tahoonah, Richard Mullen (jockey), Ernst Oertel (trainer)
5.30pm: Handicap (TB) Dh90,000 1,400m | Winner: Ajwad, Gerald Avranche, Rashed Bouresly
6pm: Maiden (PA) Dh80,000 1,600m | Winner: RB Lam Tara, Fabrice Veron, Eric Lemartinel
6.30pm: Handicap (PA) Dh80,000 1,600m | Winner: Duc De Faust, Szczepan Mazur, Younis Al Kalbani
7pm: Wathba Stallions Cup (PA) Dh70,000 2,200m | Winner: Shareef KB, Fabrice Veron, Ernst Oertel
7.30pm: Handicap (PA) Dh90,000 1,500m | Winner: Bainoona, Pat Cosgrave, Eric Lemartinel
Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EMaly%20Tech%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Mo%20Ibrahim%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%20International%20Financial%20Centre%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%3C%2Fstrong%3E%20%241.6%20million%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2015%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%2C%20planning%20first%20seed%20round%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20GCC-based%20angel%20investors%3C%2Fp%3E%0A
Various Artists
Habibi Funk: An Eclectic Selection Of Music From The Arab World (Habibi Funk)
TV: World Cup Qualifier 2018 matches will be aired on on OSN Sports HD Cricket channel
Bert van Marwijk factfile
Born: May 19 1952
Place of birth: Deventer, Netherlands
Playing position: Midfielder
Teams managed:
1998-2000 Fortuna Sittard
2000-2004 Feyenoord
2004-2006 Borussia Dortmund
2007-2008 Feyenoord
2008-2012 Netherlands
2013-2014 Hamburg
2015-2017 Saudi Arabia
2018 Australia
Major honours (manager):
2001/02 Uefa Cup, Feyenoord
2007/08 KNVB Cup, Feyenoord
World Cup runner-up, Netherlands
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
Specs
Engine: Dual-motor all-wheel-drive electric
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Torque: 985Nm
Price: From Dh439,000
Available: Now
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