Yarn imports rise, India dominates supply
Bangladesh imported more yarn in 2024 than in the previous year, with the lion’s share of the key raw material for readymade garments (RMG) coming from India.
30 January 2025, 18:00 PM
Workers bear the brunt of political fallout
Tens of thousands of workers and officials have lost their jobs over the last six months following the closure of dozens of mills and factories mainly because of the owners’ political affiliations.
27 January 2025, 18:01 PM
Bangladesh faces tough time in global apparel game
Bangladesh is likely to face more hurdles in the race to grab a bigger share of the global apparel market as the Indian government plans to step up its financial assistance to garment exporters.
24 January 2025, 18:00 PM
Why Bangladesh is falling behind in RMG export to US
Bangladesh’s garment shipments to the USA, the South Asian country’s single largest export destination, have been falling over the past two years due to a market correction although other major countries have already adjusted to the scenario.
22 January 2025, 18:00 PM
Advisory council undecided on Beximco factory sale
A state advisory council yesterday remained undecided on whether to sell 16 textile and garment factories of Beximco Group, citing that further scrutiny of bank statements was required.
20 January 2025, 18:00 PM
Beximco workers want jobs back
The 40,000 laid-off workers and officials of the 16 textile and garment units of Beximco Group want the factories to remain operational so that they can be reinstated.
19 January 2025, 18:00 PM
Bangladesh sees window of opportunity in Trump’s trade war
US President-elect Donald Trump’s trade policies towards China and Mexico could ultimately benefit Bangladesh, according to local apparel exporters.
18 January 2025, 18:00 PM
Labour leaders call for easier union rules
Labour union leaders yesterday suggested that the government amend the labour law, easing the condition of a 20 percent workers’ participation threshold to only 20 workers to facilitate freedom of association.
16 January 2025, 18:00 PM
Govt to find jobs for 40,000 workers laid off by Beximco
The government is trying to find jobs for 40,000 laid-off workers of Beximco Group in factories within the Bangladesh Export Processing Zone Authority (Bepza) and the Bangladesh Export Zones Authority (Beza), a senior labour ministry official said.
14 January 2025, 18:00 PM
Major trade bodies miss election deadline as reforms take centre stage
Elections at major trade bodies have missed the 90-day deadline as new administrators of the business organisations seek amendments to the governing rules.
9 January 2025, 18:00 PM
RMG exports grew moderately in 2024 despite headwinds
In spite of turbulent times prevailing both at home and abroad, garment exports from Bangladesh grew in 2024 by 7.23 percent year-on-year to $38.48 billion, according to the Export Promotion Bureau (EPB)..This is due to an increasing demand for clothing with the fall of inflation in major
6 January 2025, 16:28 PM
Home textile exports bounce back
The export of home textiles is on the path to recovery after nearly one year because of the devaluation of the local currency, increased production capacity and improvement in gas supplies to some extent.
5 January 2025, 18:00 PM
Businesses’ 2025 wish list is long, but political stability tops all
Businesses hope for the year 2025 to bring about stability as normalcy has started to be restored in businesses following turbulent times both at home and abroad.
1 January 2025, 18:00 PM
Can apparel industry weather any storm? 2024 offers clues
For the local apparel industry, 2024 was a year marked by challenges, recoveries and a renewed sense of hope as the global market began to brighten -- proving once again the resilience of Bangladesh’s apparel might.
29 December 2024, 18:00 PM
Beximco lays off 40,000 workers at 15 apparel units
The Beximco Group has laid off nearly 40,000 workers across its 15 apparel units, citing a lack of work orders for its export-oriented garment and textile factories in Dhaka’s outskirts of Gazipur.
18 December 2024, 18:00 PM
Election to boost business confidence: entrepreneurs
Business leaders, economists and professionals have emphasised that an elected government is essential for restoring confidence in the business community, stabilising law and order, and revitalising the business and investment climate.
16 December 2024, 18:00 PM
Price of garments exported to the US fall
The prices of major garment items exported to the US declined year-on-year in the January-October period this year as American consumers are yet to recover from heightened inflationary pressures..During the 10 months, the price of men’s cotton woven trousers declined by 7.7 percent, accor
14 December 2024, 18:03 PM
The trials and tribulations of preparing the white paper
After three months of rigorous work, a white paper panel on the state of the economy revealed all the fault lines that had formed across Bangladesh during the 15 years of rule under the Awami League government, which held power from 2009 until it was ousted by a mass uprising on August 5 this year.
13 December 2024, 18:00 PM
Financial strains: Govt to sell or lease some Beximco units
The government has decided either to sell the ownership of a good number of Beximco Group companies or find entrepreneurs to lease these units out.
5 December 2024, 18:42 PM
Continue reforms to retain trade after LDC graduation
The reform initiatives taken by the interim government should be continued as these reforms may pave the way towards a more modern, equal and inclusive Bangladesh, said a top official of the International Labour Organization (ILO).
3 December 2024, 18:00 PM