Progress slow in signing preferential trade deals with trading partners
There has been little progress regarding the signing of preferential trade deals by Bangladesh with major trading partners amidst the change in government following the anti-discrimination movement in July.
28 September 2024, 18:00 PM
Apparel exporters go into overdrive to meet deadlines
Garment exporters have gone into manufacturing overdrive to recover from continual production disruptions over the past three months due to nationwide protests and curfews, the fallout from the ouster of the previous government, and the recent spell of labour unrest at major industrial belts.
26 September 2024, 18:00 PM
Unrest emerges as a new threat to RMG recovery
The number of apparel work orders received by Bangladeshi companies from international retailers and brands for the autumn and winter seasons of 2025 dropped by nearly 10 percent compared to the past due to major shocks from the nationwide student movement and labour unrest in major industrial belts over the past two and half months.
20 September 2024, 18:00 PM
Bangladesh not exporting hilsa to India this year
Bangladesh will not export hilsa fish to India on the occasion of Durga Puja in October, according to a top commerce ministry official, discontinuing a long-standing tradition of the country as a “goodwill gesture” to its neighbour.
19 September 2024, 18:00 PM
American trade platforms demand reforms to protect labour rights
The American Apparel & Footwear Association (AAFA) and Fair Labor Association (FLA) have urged the interim government of Bangladesh to take critical and long-lasting steps towards reforms for furthering worker rights of international standards. .The AAFA is an American trade association re
18 September 2024, 18:01 PM
30 RMG factories still closed
A total of 30 garment factories in different industrial zones across Bangladesh, especially Ashulia, stayed closed yesterday as safety concerns remained following the recent unrest.
18 September 2024, 18:00 PM
Most RMG units return to normalcy
Normalcy returned to most factories on the outskirts of Dhaka as labour unrest eased and most workers returned to their factories yesterday. .Garment factories in the Ashulia, Zirabo and Zirani areas have been reopening since Sunday..Of the 407 garment factories in these areas, 392
17 September 2024, 18:14 PM
Almost all Savar, Gazipur garment factories resume
Nearly all of the roughly 407 garment factories situated in the Ashulia area under Savar upazila and Zirabo and Zirani areas under Gazipur were operational yesterday after security measures were beefed up centring labour unrests.
15 September 2024, 18:00 PM
Deeper crisis feared as 219 factories shut
With 219 garment factories shut in Ashulia yesterday amid worker unrest along the industrial belts, Bangladesh’s apparel sector is feared to get into a deeper crisis if production does not resume on Saturday after the weekend.
12 September 2024, 18:00 PM
Workers’ minimum wage to be reviewed
In an effort to bring normalcy back to the industries, the government will review the workers’ wage through the minimum wage board, the interim government has decided.
12 September 2024, 01:00 AM
Safety fear jolts foreign investors’ confidence
A lack of safety in foreign manufacturing and industrial units in Bangladesh, stemming from the debilitating law and order situation and labour unrest, has become a cause of major concern for foreign investors, denting their confidence.
11 September 2024, 18:00 PM
Export target set at $57.5b for FY25
Bangladesh aims to increase its merchandise and service exports by about 12.74 percent year-on-year to $57.5 billion in the fiscal year 2024-25, according to Finance and Commerce Adviser Salehuddin Ahmed.
8 September 2024, 18:00 PM
Unrest to hit RMG exports
The latest spell of unrest in the garment industry of Bangladesh will negatively impact its apparel exports as many international buyers are cancelling their trips to the country to finalise work orders for the coming seasons.
7 September 2024, 18:00 PM
The long, dark past of UCB
The central bank has just reconstituted the board of United Commercial Bank (UCB) for financial wrongdoings, but it has a darker past – a takeover at gunpoint by a politically influential family over a quarter of a century ago.
28 August 2024, 18:00 PM
Bangladesh to become major soybean export market
Bangladesh will become a major export market for soybean products as the changing dietary habits of its growing middle-income population are boosting demand, according to an expert on the industry.
22 August 2024, 18:00 PM
Bangladesh’s dependence on US soybeans growing
Bangladesh’s dependence on the US for soybeans has been increasing, particularly after the outbreak of the Russia-Ukraine war, with local traders, millers and conglomerates diversifying their sourcing for uninterrupted supply of edible oil and animal feed.
20 August 2024, 18:00 PM
Economists outline top priorities for new finance adviser
The priorities of newly appointed finance adviser Salehuddin Ahmed should be to make key financial institutions functional immediately, control inflation, and present accurate data on exports, imports, GDP and important economic indicators, economists said.
10 August 2024, 18:00 PM
Almost all RMG factories reopen
Almost all garment and textile mills have reopened after staying in limbo for four days as fears of vandalism and arson gripped the nation, industry leaders said yesterday.
8 August 2024, 18:00 PM
200 members call for reshuffle of BGMEA board
More than 200 garment exporters yesterday submitted a memorandum to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), seeking significant reforms within the trade body.
7 August 2024, 18:00 PM
Garment factories to reopen today
Garment factory owners yesterday decided to reopen their production units from today to ensure timely shipments as they are facing pressure from international clothing retailers and brands.
6 August 2024, 18:00 PM