Textile & Garments

Bourses to continue trading if banks remain open

70 candidates from two panels – Sammilita Parishad and Forum- will vie for the posts of 35 directors of the BGMEA

Nine major apparel manufacturing countries, including Bangladesh, have joined hands to improve prices paid by international retailers and brands, prompted into action by bad experiences since the pandemic’s emergence.

The country’s readymade garment factories will run their operations as usual but the units will have to follow the Bangladesh Garment Manufacturers and Exporters Association’s health safety protocol strictly amid the recent surge in COVID-19 infection cases, BGMEA president Rubana Huq said.

Bangladesh’s attractiveness as an apparel-sourcing destination has remained potent despite increased competition in recent years, according to a new survey of management consulting firm McKinsey & Company.

International retailers and brands are again demanding unusual deferral payment from local apparel suppliers, the second time in a year, saying sales have dropped after Western nations reimposed lockdowns and tougher restrictions because of a surge in coronavirus infections.

M/s Shasha Garments Limited, a Bangladeshi company, is going to establish a garments manufacturing industry in Dhaka Export Processing Zone (EPZ) with an investment of US$ 5 million. This will be their fourth industry in EPZs. In presence of the Executive Chairman of BEPZA Major General Md Nazrul Islam, an …

A total of 1,042 readymade garment factories, which gave discounts up to 10 per cent on export value for buyers amid the COVID-19 outbreak, would have to get approval by March 31 from the Bangladesh Bank’s discount committee for non-repatriation of the proceeds.

The panel will also work closely with the government and the EU to retain duty-free market access in the region till 2031

Sixteen major global fashion brands, including H&M, Nike and Levi’s, recorded profits of at least $10 billion in July-December of 2020 alone while millions of garment workers of their supply chain were denied full wages for the work already completed due to order cancellations and non-payment by the brands during the COVID-19 pandemic, according …