Tag Archives: BKMEA

BGMEA asks Peacocks to clear payments to 29 Bangladeshi factories

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M.T. Sweater Limited of Bangladesh made sweaters for the British discount clothing chain Peacocks. Last September, they supplied sweaters worth ca. EUR 0.5 million, which the Peacocks received only last month after a long six-month delay. Additionally, EUR 0.55 million worth of ready-made and half-made garments for this buyer are now lying in the warehouse […]

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Bangladesh’s $8 billion credit risk from the global retailers and brands

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Bangladeshi Ready-Made-Garment (RMG) manufacturers are struggling to survive because of a poor cash flow caused by delays in payments by international retailers and brands despite restoration of some orders, widening the payment default risks only further as increasing number of retailers and brands are filing insolvency proceedings by self-administration or bankruptcy protection. This development is […]

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Privatisation of government service hinders FDI in Bangladesh

Apparel makers in Bangladesh have long been opposing foreign direct investment (FDI) in the Ready-Made Garments (RMG) sector outside the Bangladesh’s Export Processing Zones (EPZs) fearing competition by foreign companies. The Vice-president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the apex trade association of the industry, Mr. Faruque Hassan said that allowing FDI in the […]

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Tripartite council to address RMG sector labour issues

The government of Bangladesh has formed a tripartite advisory council to address labour issues that sometimes stimulate volatility in the labour-intensive readymade garment (RMG) industry and hinder it’s further growth, officials said. The 20-member committee, headed by the labour and employment minister, is comprised of six representatives each from the government, workers and factory owners […]

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Another $25m IFC loan to a Bangladeshi company PRAN

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International Finance Corporation (IFC), the private sector development arm of the World Bank Group, has provided yet another $25 million loan […]

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 […]