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NY private equity firm to invest $200m in RMG in Bangladesh

TAU Investment Management LLC, a New York-based growth-equity venture investment firm is currently in the process of raising a US$1.0 billion for modernisation of the garment and textiles industries in Bangladesh, Indonesia, Cambodia, Vietnam China and, to lesser extend, in Turkey. The fund is backed by the Soros family, Yahoo co-founder Jerry Yang and the Global […]

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Bangladesh Govt. draft policy for RMG sub-contracting

The government of Bangladesh has drafted a new policy to bar non-compliant sub-contracting readymade garment (RMG) factories from doing business with exporters, official sources said. The government, after consulting local and international stakeholders, is framing the new ‘sub-contracting policy 2013’ with a view to ensuring a positive working environment in the sub-contracting business. The policy […]

Yawning gap between pledges and delivery to Rana Plaza victims

Many Rana Plaza victims are yet to receive the promised compensation from the government and retailers, nine months after the Bangladesh’s worst industrial disaster on 24th April 2013. To date, families of 777 of the 1,135 dead workers have received from EUR 1,000 to 5,000 thousands Euro each from the Prime Minister’s Fund, while the […]

Recent News

Sourcing from Bangladesh is expected to be 9% higher

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Bangladesh is likely to lose about $2.7 billion in export earnings every year once it graduates from the Least Developed Country (LDC) bracket. Upon graduation from the LDC status, exports will be subjected to 6.7 percent additional tariff as duty-free and quota-free benefits from different countries and trading partners will be withdrawn, according to a […]

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Explosives screening mandatory for direct cargo services to the EU

The European Union (EU) authorities include Bangladesh to the high-risk countries in terms of operating direct cargo services to the EU, according to the Civil Aviation Authority of Bangladesh (CAAB). The EU Ambassador to Bangladesh Pierre Mayaudon informed this decision at a meeting with CAAB Chairman Air Vice-Marshal Ehsanul Gani Chowdhury at the latter’s office yesterday, meeting sources […]

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Bangladesh workplace deaths double in 2016

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Bangladesh has been struggling for repairing it’s damaged reputation as unsafe workplace, particularly after the collapse of the Rana Plaza factory building on the 24th April 2013 killing 1,135 innocent people. It has experienced 1,402 casualties in the workplace last year, according to a report published by the Bangladesh Institute of Labour Studies (BILS). Last year 699 […]

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Sustainability Compact – Achievements and Challenges

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In response to the collapse of the Rana Plaza factory in April 2013, the Government of Bangladesh (GoB), the International Labour Organisation (ILO), the European Union (EU) and the United States (joined later) engaged in a joint initiative known as “Compact for Continuous Improvements in Labour Rights and Factory Safety in the Ready-Made Garment and […]

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Korean Export Processing Zone at serious risk

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Instead of handing over the Korean Export Processing Zone (KEPZ) to the investor, the government of Bangladesh plans to take back […]

Dhaka needs to remove its rocky anti-FDI atmosphere

Korean Ambassador to Bangladesh Lee Yun-young

Korean Ambassador to Bangladesh Mr. Lee Yun-young has said Bangladesh should come out from protectionism and open up its market […]

‘Welfare Associations’ to negotiate for rights at Bangladesh EPZ

The Government of Bangladesh today approved, in principle, draft of a labour law for Export Processing Zones (EPZ) with the provision […]

Return of GSP seems far off – a lot more must be done

Bangladesh’s progress in implementation of the National Tripartite Plan of Action on Fire Safety and Structural Integrity (the Action Plan) which provides a […]

Bangladesh halts shutdown of “unsafe” factories

The Bangladeshi government is refusing to shut down garment factories declared unsafe, following a row with independent inspectors over the […]