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Three new readymade garment (RMG) industrial units in Bangladesh received US Green Building Council’s (USGBC)-approved leadership in energy and environmental design (Leed) certificates. On April 12, Trust Knitwear Garments Building and Trust Knitwear Washing and Dying Building of Bhabanipur in Gazipur received gold certificates from the USGBC, while also receiving …
Read More »Jatri raises Series A investment led by SBK Tech
Jatri, the preeminent platform for mass mobility in Bangladesh, has successfully raised an oversubscribed Series A investment round led by SBK Tech, a Singapore-based Venture capital fund along with participation from notable global investors, including ALSA, Genting Ventures, DVC, and Doha Tech Angels, among others. In addition, existing investors such …
Read More »61,554 tonnes of wheat produced in Rangpur region
Farmers have produced 61,554 tonnes of wheat after completing harvest in Rangpur agriculture region during the 2022-2023 Rabi season. Meanwhile, farmers are very happy getting all-time high market price of their newly-harvested wheat between Taka 1,750 and Taka 1,850 per mound (every 40- kg) this season. Officials of the Department …
Read More »Buyers continue to exploit RMG factories despite improving safety: Report
Safety in large export-oriented garment factories in Bangladesh has improved but global apparel brands and retailers continue to put exploitative economic pressure on the factory owners, according to a global report. FE It also showed that the low-paid workers are the worst sufferers of such practices as factory owners are …
Read More »3,161 factories yet to pay March wages
Workers of 3,161 industrial units out of the 9,616 in eight areas under the jurisdiction of the Industrial Police across the country are yet to be paid wages for March. The factories are located in Ashulia, Gazipur, Chattogram, Narayanganj, Mymensingh, Khulna Comilla and Sylhet. Highest 1,015 factories in Ashulia Zone …
Read More »Sugar price hike an effect of global market
Sugar prices have reached a record high internationally, which has had a ripple effect on Bangladesh’s wholesale markets, including those in Dhaka and Chattogram. In a span of a week, the price of each maund (around 37 kilogrammes) has increased by Tk 200 to Tk 250. At the retail level, …
Read More »Lanka gets more time to pay back
Bangladesh has extended the repayment period of the loan it had given to Sri Lanka by six more months as the Island nation continues to struggle to fix its debt crisis, officials say. Earlier, the central bank of Sri Lanka had sought time from Bangladesh to make the first instalment …
Read More »A perfect storm for SMEs
The business sector in Bangladesh has been going through severe challenges for the past four years, which, for many, have been the toughest period in decades, with the coronavirus pandemic being the dominant factor in the early part before the Russia-Ukraine war broke out. Today, we are running the fifth …
Read More »Sales at neighbouring clothes hubs take a hit
Yesterday’s blaze at Dhaka New Super Market has severely affected trade of nearby markets, that too with just a week to go before Eid-ul-Fitr. Eid-ul-Fitr is one of the biggest religious festivals in Muslim-majority Bangladesh and the volume of clothing sales increases severalfold ahead of the festival. Housing thousands of …
Read More »Silk shopping gains momentum in Rajshahi
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 …
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