Now more buyers assure garment suppliers of taking goods
Many international clothing retailers are coming up with assurances to help garment suppliers by taking the shipment of goods that have already been manufactured or ordered, in a relief to the exporters reeling from the coronavirus fallout.
31 March 2020, 18:00 PM
Soft loans, wages to come from stimulus package
The government will disburse interest-free soft loans for two years among the export-oriented sectors from the Tk 5,000 crore stimulus package the prime minister unveiled to cope with the fallout from COVID-19.
30 March 2020, 18:00 PM
H&M comes to its garment suppliers’ rescue
Swedish retail giant H&M yesterday assured its garment suppliers of taking shipment of goods that have already been manufactured, much to the relief of some Bangladeshi exporters.
29 March 2020, 18:00 PM
Garment factories start PPE distribution
Two of the garment factories that are producing the critical personal protective equipment (PPE) yesterday started distributing the safety gear to doctors and nurses in various hospitals, helping them in their fight against the coronavirus.
28 March 2020, 18:00 PM
Factories can run but must ensure safety of workers
The government yesterday said the factories making protective equipment against coronavirus or working on previous orders can remain open.
27 March 2020, 18:00 PM
BGMEA asks members to consider shutdown of factories
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday said its members can consider shutting factories to avoid the spread of the coronavirus.
26 March 2020, 18:00 PM
Germany assures support to Bangladesh’s garment exporters
Gerd Muller, Germany’s federal minister of economic cooperation and development, on Tuesday assured that Bangladesh’s garment sector will have his country’s full support in coping with the coronavirus fallout.
25 March 2020, 18:00 PM
Factories rise to the occasion, join hands to make PPE
Local production of personal protective equipment (PPE) gained momentum yesterday after a joint initiative got approval from the government about the design and fabrics in a development that would boost morale of the health professionals fighting the coronavirus.
25 March 2020, 18:00 PM
Business as usual in garment factories but with heightened hygiene measures
Garment workers have continued to manufacture apparel items for Western buyers despite growing fears of coronavirus contagion in the factories given the close proximity of the workstations.
24 March 2020, 18:00 PM
Garment order cancellations coming thick and fast
Work order cancellations by international retailers due to the ongoing coronavirus pandemic have cost Bangladesh’s garment sector $1.98 billion in revenues as of yesterday, exporters said.
23 March 2020, 18:00 PM
Bangladesh to gain more trade benefits from China as an LDC
Bangladesh wants to secure more trade benefits from China as a least developed country (LDC) instead of signing a free trade agreement with the Asian economic giant, according to commerce ministry officials.
17 March 2020, 18:00 PM
Trade war proves a boon for apparel
Bangladesh’s apparel exports to the US grew 16.09 per cent year-on-year to $637 million in January amid the US-China trade war.
15 March 2020, 18:00 PM
All is well on the apparel export front
Major Western clothing retailers said they are yet to cut back on their work orders from Bangladesh for the coronavirus outbreak in Europe and the US -- where most of the country’s apparel products are headed -- in a reassuring development for the sector that rakes in 84 per cent of the exports receipts and employs about 4 million.
14 March 2020, 18:00 PM
Could Thailand be an alternative to India for consumer goods?
The import of Thai products is growing in Bangladesh on the back of higher demand and good quality in a country where the consumer class is fast-expanding.
12 March 2020, 18:00 PM
Bangladesh to benefit from coronavirus fallout: survey
Bangladesh will benefit from the fallout of the coronavirus as most of the globally renowned companies are planning to shift work orders from China to other Asian countries, including Bangladesh, according to a new survey.
11 March 2020, 18:00 PM
Yarn prices soar as virus fear triggers panic buying
Prices of yarn marked a sharp rise in the domestic market over the last one month as the coronavirus fear has triggered panic buying, according to industry insiders.
9 March 2020, 18:00 PM
Exporters on the ropes
Export earnings in February edged down 1.80 per cent year-on-year to $3.32 billion mainly because of a slowdown in apparel shipment, according to data from the Export Promotion Bureau (EPB).
5 March 2020, 18:00 PM
Bangladesh’s rise in global apparel business
Just after the Independence War of 1971, Bangladesh had to put up a fresh fight to get rid of the scars that the nine-month battle left on its economy.
26 January 2020, 18:00 PM
No prior notice from India, says commerce minister on the onion debacle
When misfortune strikes, it comes in waves, it is often said. And this perfectly sums up Tipu Munshi’s brief tenure as the commerce minister thus far.
26 January 2020, 18:00 PM
Small garment factories feeling the heat
Rowshan Ali had everything going for him: a small sweater factory he set up in Demra on the outskirts of Dhaka in 2011 was raking in $2 million in export receipts every year.
23 January 2020, 18:00 PM