The American Apparel & Footwear Association (AAFA) recently sent letters to Bangladesh Prime Minister Sheikh Hasina Wazed and its main garment trade association expressing concern over criminal charges against labour leaders, mass firing of workers and the future of worker safety. The letter urged Dhaka to withdraw...
Mayor of Dhaka North City Corporation (DNCC) Md Atiqul Islam on Tuesday underscored the need for sustainability plans for a good and prosperous apparel industry, UNB says. “In the 35-year journey of our industry, Bangladesh has become the second largest RMG exporting country in the world. The...
Denim production has high growth potential in Vietnam and is attracting more investors, but eco-friendly production in the textile and garment industry is essential to protect the environment, experts noted at a conference in Ho Chi Minh City recently. Denim products account for around 10-20 per...
২০১৯-২০ অর্থবছরের প্রস্তাবিত বাজেটে দেশি সুতার ওপর ৫ শতাংশ মূল্য সংযোজন কর (মূসক) আরোপ করায় দেশের বস্ত্র খাত (কাপড় ও সুতা) আমদানিনির্ভর হয়ে পড়বে বলে আশঙ্কা করছে বাংলাদেশ টেক্সটাইল মিলস অ্যাসোসিয়েশন (বিটিএমএ)। গতকাল বুধবার রাজধানীর সোনারগাঁও হোটেলে বিটিএমএর বাজেট-পরবর্তী সংবাদ সম্মেলনে এমন আশঙ্কার কথা জানিয়ে দেশি সুতার...
Some 300 goods are likely to enjoy preferential tariffs in Vietnam under a pending decree detailing tariff cuts under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Its draft has been submitted by the finance ministry to the government for approval as firms await procedural changes...
Tata Group's retail arm Trent Ltd is planning to raise up to ₹1,550 crore ($222.9 million) during the current fiscal to fund its expansion plans in India. About ₹950 crore will be raised from issuance of shares to promoter Tata Sons on a preferential basis, while the...
The promising growth in export earnings seen at three Asian markets during the previous fiscal year has come to a halt following the coronavirus outbreak. Exports to China, India and Japan, three economic giants, were growing steadily over the last five years. During fiscal 2019-20 as well,...
With a slump in demand for commodities among the Western consumers, Bangladesh needs to remodel its business plans to revive exports in the time of Covid-19, which has severely affected the global economy, economists said. Maybe the traditional fast fashion garment items or basic apparel products are...
The European Union (EU) is unlikely to fully withdraw Cambodia’s Everything-But-Arms (EBA) trade status, the Garment Manufacturers Association of Cambodia said after meeting visiting EU representatives recently. Labour trends are positive and speculations about EBA are alarmist and affect investor confidence, Kaing Monika, GMAC deputy secretary general...
Commerce Minister Tipu Munshi on Wednesday said the garment industry will get loan on two percent interest as the government declared Tk 5,000 crore stimulus package for the export-oriented industries. “It isn’t a grant. The loan will have to be repaid within a certain period,” the minister...