H&M's fair living wage strategy pays off
Proper grading of the skilled workers ensures higher take-home salaries and inspires the workforce to improve productivity in garment factories, according to a recent study of Swedish retail giant H&M.
2 January 2019, 18:00 PM
Garment exporters keen on using Colombo port
Local garment exporters are keen on using the sea port in Colombo as it would save them time and money.
1 January 2019, 18:00 PM
Accord hands over 100 refurbished factories to local agency
The Accord, the inspection agency of more than 200 retailers and brands, has started handing over the remediated factories to the Remediation Coordination Cell (RCC) as they have fully fixed structural, fire and electrical loopholes.
22 December 2018, 18:00 PM
BGMEA ELECTION: Schedule next month
The schedule for the election of the executive committee of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is set to be announced next month as the tenure of the current board will end on April 22. “We will declare the schedule on time,” said Siddiqur Rahman, president of the association.
16 December 2018, 18:00 PM
60 apparel units remain shut amid workers' protest
Production at more than 60 garment factories remained suspended for the fourth consecutive day yesterday as owners kept those shuttered fearing unrest amid protests of workers, who apprehend discrimination in the new wage structure.
13 December 2018, 18:00 PM
Bangladeshi apparel to draw bigger FDI
The ongoing trade war between China and the US will bring more work orders and more foreign direct investment for the garment
12 December 2018, 18:00 PM
Yarn prices slide on supply glut
The fall in yarn prices by at least 12 percent in the last two months has made Bangladesh's 430 local millers uneasy, industry insiders said.
11 December 2018, 18:00 PM
Accord: blessing turns burden?
The call for suspending the operations of the Accord, an inspection and remediation platform of more than 200 global clothing retailers and brands, has been getting louder as garment factory owners are being forced to spend several billion dollars to improve workplace safety.
27 November 2018, 18:00 PM
Lotto bullish on Bangladesh
Lotto, the Italian sportswear brand, plans to double its stores in Bangladesh to 300 within the next two years, spurred by sizeable youth population and rising disposable income.
22 November 2018, 18:00 PM
Cheap labour continues to draw Japanese investment
The devastating terrorist attack in Dhaka in July 2016 that killed seven Japanese citizens could not dampen the Far East nation's
18 November 2018, 18:00 PM
Accord list faulty: BGMEA
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday termed faulty a list of 532 garment factories
14 November 2018, 18:00 PM
Ideas that won hearts
A group of young students have come up with innovative ideas that suggest they would go on to become dynamic leaders in the business world.
12 November 2018, 18:00 PM
Shorter lead time key to RMG export growth
Maintaining a shorter lead time holds the key for Bangladesh's garment exporters as Western customers increasingly become
7 November 2018, 18:00 PM
Export earnings jump 30pc in October
Export earnings climbed 30.53 percent year-on-year to $3.71 billion in October compared to the same month a year ago on the back
6 November 2018, 18:00 PM
Local spinners missing out on cheap supply
Bangladesh could not use the cheap cotton from Uzbekistan over the last 10 years or so because of a restriction imposed by major
5 November 2018, 18:00 PM
Apparel exports to US rise 6pc
Garment exports to the US rose by 5.83 percent year-on-year to $4.17 billion in the nine months to September thanks to the
3 November 2018, 18:00 PM
Sugar import from India to be duty-free
The commerce ministry yesterday agreed to withdraw the 40 percent duty on sugar imports from India, much to the ire of the local refiners.
1 November 2018, 18:00 PM
No FTAs before LDC graduation
The government is approaching the preparations to negate the erosion of trade privileges following graduation to a developing country at a leisurely pace, with no free trade agreement yet to be signed with any of the important trading partners.
29 October 2018, 18:00 PM
Businesses hit hard by strike
Businesses incurred massive losses following the two-day countrywide transport strike that almost stalled the mobility of workers and goods.
29 October 2018, 18:00 PM
Subcontracting loses out to compliance
A drought of fresh investment in opening small enterprises is sweeping across the garment sector, an outcome of stringent conditions set by retailers and brands for subcontracting parts of apparel production mainly to avert industrial accidents.
27 October 2018, 18:00 PM