RMG exporters to go all out for fair prices
In a desperate move for better prices, Bangladeshi garment exporters are planning to hold rallies and human chains in major European cities to create awareness among the end consumers.
12 November 2019, 18:00 PM
Arrears worsen leather sector’s woes
The crisis in the leather and leather goods industry has deepened further as the tanners are yet to pay Tk 350 crore in arrears fully to the rawhide merchants.
4 November 2019, 18:00 PM
Tanners long way off LWG certification
The Savar Tannery Industrial Estate (STIE) and the tanners are still a long way off from meeting the requirements of the vital Leather Working Group (LWG) certification although the audit team of the global compliance certification body is scheduled to visit Bangladesh within two months.
3 November 2019, 18:00 PM
$5b in leather exports possible by 2022
Leather and leather good exporters are gung-ho about hitting $5 billion in export receipts by 2022 if the government manages the Leather Working Group’s certification at the earliest, according to industry insiders.
2 November 2019, 18:00 PM
Bangladesh turning into a hotspot for leather, leather goods
With great hopes, Yih Hang, a Taiwanese shoemaking machinery manufacturer, is participating in the 7th International Leathertech Show at the three-day International Convention City Bashundhara in Dhaka.
31 October 2019, 18:00 PM
Tough times for the apparel industry: BGMEA president
Fifty-nine garment factories have been shut and 25,900 workers have lost jobs in the last seven months, BGMEA President Rubana Huq said.
26 October 2019, 18:00 PM
Cotton import from USA to soar American traders predict
Bangladesh’s cotton consumption will continue to grow in the near future because of higher shipment of garment items stemming from the US-China trade war and for higher demand for natural fibre by Western consumers, said a top official of Cotton USA, an association of American cotton growers and traders.
23 October 2019, 18:00 PM
Korean company keen to build industrial park in Bangladesh
South Korean industrial infrastructure developer Korea Industrial Complex Corporation (KICC) wants to develop an industrial park for housing 100 Korean companies operating in Bangladesh.
17 October 2019, 18:00 PM
Sanofi to leave Bangladesh, confirms MD
Sanofi is now packing its bags to leave Bangladesh for strategic reasons, said the managing director of its local operations, bringing an end to weeks of speculation and denial.
15 October 2019, 18:00 PM
58pc Asia-Pacific trade affected by non-tariff measures: UN bodies
Non-tariff measures or NTMs are now affecting around 58 percent of trade in Asia and the Pacific because of their growing popularity as weapons of trade policy in regional and global trade tensions, according to a new report yesterday.
14 October 2019, 18:00 PM
Traders oppose double fumigation of US cotton
control method on US cotton at its ports as the raw material is fumigated at warehouses prior to shipment, allowing the country to save on import costs and time, importers and suppliers said.
12 October 2019, 18:00 PM
Huge tax lost for illegal foreign employees: Bida
The government is losing millions of dollars a year in taxes from the foreign nationals who are working without taking any work permit in Bangladesh, according to Bangladesh Investment Development Authority (Bida).
9 October 2019, 18:00 PM
Sanofi employees hand in demands for compensation
Sanofi employees have demanded compensation package from the country chair of the drug-maker as the French pharma giant’s repeated claims of not leaving Bangladesh fail to convince them.
8 October 2019, 18:00 PM
Exports fall for slow apparel
Receipts from merchandise export declined 7.3 percent year-on-year to $2.91 billion in September for a slowdown in shipment of garments and other major products.
6 October 2019, 18:00 PM
Exports to India remain dismal
Despite sharing a long border, Bangladesh is still a very tiny source for merchandise for India due to a lack of diversification of products and non-tariff barriers.
3 October 2019, 18:00 PM
Sanofi says no plan to exit, employees state otherwise
Sanofi has sent out a letter to medical professionals reassuring them that the French pharma giant was not leaving Bangladesh -- a move that its 1,000 employees say is nothing more than an eyewash.
3 October 2019, 18:00 PM
Yarn consumption doubles in six years
Yarn consumption doubled over the last six years because of high demand from domestic garment manufacturers and high volume of
29 September 2019, 18:00 PM
RMG exporters in a fix as US buyer rejects $2.6m cargo
A US buyer has dealt a serious blow to 11 Bangladeshi garment exporters as it refused to accept goods worth $2.6 million (more than Tk 22 crore) although the shipment reached the port on time.
26 September 2019, 18:00 PM
Sanofi’s exit plan baffles employees
French pharma giant Sanofi’s intent to leave Bangladesh after 60 years despite being a profitable company has left its 1,000
24 September 2019, 18:00 PM
50 small RMG units shut in six months
About 50,000 workers have lost their jobs as 50 small and medium-sized garment factories have shuttered their operations since April.
21 September 2019, 18:00 PM