More than 300 new apparel factories were set up in the last two years while 450 factories were closed down in Bangladesh. Of the total new factories, new entrepreneurs established some 137 while the rest emerged as part of expansion of the existing ones, said the association of the readymade garment (RMG) in Bangladesh. It said that non-compliance, western […]
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Foreign companies bared from the commercial service sector
A long-pending legal petition has been hindering foreign companies entering into the Bangladesh’s Commercial Service sector, including the areas of freight forwarding and logistic services, shipping agencies, airlines GSA, distribution and travel agencies alike. The Bangladesh High Court on September 26, 2012 imposed an injunction on granting registration, licence, permission or work permit to any new foreign […]
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Boosting export by devaluating currency in Bangladesh
Bangladesh Taka (BDT) is likely to lose its value against major currencies as the relevant authorities are mulling appropriate measures to prop up falling exports. The local currency remained strong over nearly two years as country’s imports plunged. By official count, the export earnings fell 7.63 per cent in October against its corresponding period a year […]
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Consolidation in the Bangladesh textile industry unavoidable
Bangladeshi ready-made garment (RMG) manufacturers are increasingly sourcing fabrics from abroad due to high price and quality concerns of the local fabrics. Some RMG manufacturers, which used to prefer local fabrics and yarn, mainly taking advantage of purchase on credit, have also been increasingly turning to other destinations, such as China, India and Pakistan for […]
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Beximco’s severe cash crunch may be eased by Sonali Bank
Bangladesh’s state-owned Sonali Bank (SB) has decided to reschedule Tk 982.44 crore of Bangladesh Export Import Company (BEXIMCO) Limited’s loans and extend the repayment period to 2026 to help the conglomerate ride out its severe cash crunch and continue commercial operations. Beximco’s loan rescheduling proposal was approved in entirety last week by the Sonali bank’s […]
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Inspectors suggest partial evacuation of five RMG factories
After identifying safety risks at two more buildings housing five ready-made garment (RMG) factories inspectors of the Bangladesh University of Engineering and Technology (BUET) recommended immediate partial evacuation. They said that the evacuation, starting with the top two floors of the buildings, and to remove materials from the rooftop must begin immediately to reduce substantial weight […]
Fast Reading
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300 new garment factories spring up in 2 yrs as 450 down shutters
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Foreign companies bared from the commercial service sector
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Boosting export by devaluating currency in Bangladesh
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Consolidation in the Bangladesh textile industry unavoidable
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Beximco’s severe cash crunch may be eased by Sonali Bank
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Black-hooded Oriole (Oriolus xanthornus)
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Cinereous Tit (Parus cinereus)
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