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,...
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...
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...
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...
Yarn Expo Autumn will be held during September 25–27 in Shanghai. The fair will be held concurrently with the 25th Autumn Edition of Intertextile Shanghai Apparel Fabrics, to maximise exposure in the textile supply chain. It will bring high-quality yarn and fibre suppliers from all over the...
Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association (BGAPMEA) recently demanded reduction of corporate tax to 10-12 per cent from the proposed 35 per cent to ensure the sector’s growth as the National Export Policy had instructed to ensure same facilities for both direct and deemed...
Local firms are increasingly embracing robots to increase productivity and competitiveness -- a development that is poised to displace workers in the labour-abundant country. Industrial robots are mainly in use in plastic, apparel and automobiles plants and printing firms to make products, according to import data and...
Bangladesh is formulating a national productivity masterplan to improve the industrial productivity in the country.
As per media reports, Industries Minister Nurul Majid Mahmud Humayun, during discussion with regional experts recently, underlined that the Government targets to improve the productivity in all industrial sectors...
Transform Holdco, a leading retailer, has entered into new strategic supply chain partnerships with Li & Fung and Triburg. The associations will provide the company's apparel business unit with innovative global sourcing practices that are expected to result in reduced lead times and greater efficiencies for bringing...