RMG exporters expect new vigour in business
Garment exporters are expecting a strong recovery in exports and business as normalcy is being gradually restored with the changing political scenario.
5 August 2024, 18:00 PM
BGMEA to sit at 7.30pm to decide on factory reopening
The executive committee members of the trade body will took part in the meeting
5 August 2024, 12:50 PM
Garment factories shut down for indefinite period
Out of fear of vandalism and subsequent losses amid the current spell of violence, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday instructed all the factory owners to keep their units shut until further notice.
4 August 2024, 18:00 PM
Deepening political crisis adds to RMG woes
The deepening political crisis in the country has exacerbated the woes of apparel industry, with exporters facing difficulties in operating factories, shipping goods, and booking work orders.
3 August 2024, 18:00 PM
EU halts Dhaka talks. Is it a bad omen?
The European Union’s (EU) postponement of the first round of negotiations with Bangladesh on a new agreement will impact trade, investment and development cooperation with the country’s largest trading partner..“In light of the prevailing situation, the first round of negotiations on the P
1 August 2024, 16:32 PM
RMG factories resort to weekend production to minimise loss
The garment and textile millers kept factories open on last Friday in an effort to meet the sharp deadline set by their international retailers, as the latest weeklong countrywide violence ate up four vital days of their peak production season.
27 July 2024, 18:00 PM
RMG exporters in a race against time to offset losses
Local apparel exporters are in a frantic race to recover the losses they incurred during the latest spell of violence centring the quota reform movement and nationwide curfew, with international retailers and brands pressuring them to ensure timely delivery of goods.
25 July 2024, 18:00 PM
Garment sector reeling from shutdown
DBL Group, a leading garment exporter, usually ships apparel worth around $50 million each month.
24 July 2024, 18:00 PM
Let factories run, restore internet
Production and shipments are dependent on strict lead times set by international clothing retailers and brands, yet the factories have had to be kept shut for the past three days
23 July 2024, 15:05 PM
Garment sector's losses piling up as factories remain shut
Garment factories kept production suspended on July 20 and decided to keep the units closed on July 21 as well considering the safety of the workers and the factories amid ongoing countrywide violence and curfew imposed by the government
23 July 2024, 14:57 PM
Let factories run, restore internet
Garment exporters yesterday demanded that the government keep the sector out of the purview of the ongoing curfew and fast restore internet services for the resumption of production as soon as possible.
21 July 2024, 18:00 PM
Cargo piles up at HSIA as C&F agents observe strike for 3 days
Nearly 1,500 tonnes of cargo have been stockpiled at the Hazrat Shahjalal International Airport (HSIA) in Dhaka over the past three days due to a strike called by clearing and forwarding (C&F) agents.
16 July 2024, 18:00 PM
Will there be any uptick in investment after PM’s China visit?
There was an expectation that investment inflows from China to Bangladesh would increase substantially following the Covid-19 pandemic as investors in China were looking for an alternative manufacturing hub.
13 July 2024, 18:00 PM
Bangladesh moves to put export data system in order
The government has initiated moves to correct the system to calculate national data in oder to avoid the repetition of the shock after the central bank reported a massive statistical mismatch linked to exports.
8 July 2024, 18:00 PM
EPB delays releasing export data after mismatch shock
The Export Promotion Bureau (EPB) is taking more time than it usually does to release the export data for June apparently because of the shock following the central bank’s correction of overseas sales figures.
6 July 2024, 18:00 PM
Inflated export figure leaves businesses upset
The adjustment of export figures that saw shipment values plummet by nearly a staggering $14 billion in the first 10 months of 2023-24 from a year ago has left several businessmen disappointed.
4 July 2024, 18:00 PM
China yet to turn into big export destination
China could not become a potential export destination for Bangladesh despite offering generous preferential trade benefits for the past decade or so.
3 July 2024, 18:00 PM
Expedite negotiations for trade deals: expert
Bangladesh should expedite talks for trade deals with major partners like Canada, India, Japan and China to retain duty benefits after graduating from the Least Developed Country (LDC) status in 2026..This is because following graduation, the country’s garment exports will face duty of 11.
1 July 2024, 18:00 PM
Hasina’s visit may open FTA talks with China: Titu
Bangladesh is expecting a formal declaration of the beginning of a negotiation of a free trade agreement (FTA) with China during Prime Minister Sheikh Hasina’s visit to China next week, State Minister for Commerce Ahasanul Islam Titu said.
1 July 2024, 18:00 PM
PM’s visit may open door for FTA with China: Titu
Prime Minister Sheikh Hasina’s four-day China visit begins on July 8
1 July 2024, 13:44 PM