On the eve of holy Eid-ul-Fitr, one of the largest religious festivals for the Muslims, shopping in the silk shops and showrooms has gained momentum. The fashion passionate people use silk wear during Eid festival in this region which is famous for quality silk production. Silk fabrics, weaved and designed …
Read More »Textile millers request temporary ban on commercial import of cotton yard
To retain forex reserves and to boost garment value addition, the textile millers of the country requested a temporary halt on the import of cotton yarn used in readymade garment (RMG) industry. In a letter to the Bangladesh Bank governor on April 3, Bangladesh Textile Mills Association (BTMA) President Mohammad …
Read More »Govt forms RMG wage board
The government on Sunday formed minimum wage board to review the wages of the readymade garment workers through appointment of owners’ and workers’ representatives of the RMG sector to the board. The government took the initiative to review the minimum monthly wages of workers and employees five years after the …
Read More »Export competitiveness project still in slow lane after 6 years
The commerce ministry’s Export Competitiveness for Jobs (EC4J) project, which aims to expand Bangladesh’s export basket, has once again failed to meet its deadline and become costlier due to slow implementation. The Tk 941 crore project has seen only 25 per cent progress following its previous six-year completion schedule, according …
Read More »Handloom clothing traders, weavers worried by poor demand
Sales of handloom clothing, such as saris and lungis, usually peak during the shopping season centring Eid-ul-Fitr, the biggest religious festival for Muslims in Bangladesh. However, weavers and traders of handloom clothing in Pabna and Sirajganj, the two biggest producing regions, are been left disappointed by poor demand this year. …
Read More »Bangabazar fire also affects its suppliers
The fire at Bangabazar on Tuesday morning not only affected shop owners at the apparel shopping complex in Dhaka’s Gulistan, but also other players in the supply chain. For example, many traders accepted deferred payments for supplying goods to retail outlets at the market, much of which was razed by …
Read More »EU’s RMG import from Bangladesh saw 35.69% growth in 2022
Apparel import to the European Union (EU) – the largest destination for Bangladesh’s readymade garment (RMG) – witnessed an encouraging growth of 35.69% to $22.89 billion in the last calendar year, up from $16.87 billion in 2021. The European Statistical Office (Eurostat) published their latest import statistics compiled by the …
Read More »Fashion retailer H&M surprises with profit
Fashion retailer H&M reported a surprise operating profit for the December to February period as cost-cutting measures started to bear fruit despite consumers curbing spending, but said a cold spell was holding back sales in March. While H&M showed signs of bringing its costs under control, it still struggled to …
Read More »BGMEA: EPZ Labour Act should be amended
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) wants to amend the Bangladesh EPZ Labour Act to allow for trade unions and other worker rights, which is also favored by US and European Union (EU) officials. The garment industry’s governing organization believes that all sectors should have equal rights and …
Read More »Export earnings to drop as buyers change sourcing strategy
The Bangladesh Garment Manufacturers and Exporters Association has apprehended that the export earnings’ growth might decline in March as global buyers changed their sourcing strategy due to geopolitical tensions and production plan in apparel factories were being disrupted. BGMEA president Faruque Hassan at a press conference on Saturday held at …
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