Tuesday , 15 June 2021
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Category Archives: Industry

US-BD working group dialogue begins

The US and Bangladesh working group meeting of the bilateral dialogue began at the state guesthouse Meghna at 10am on Thursday. Senior officials from both sides, including Foreign Ministry Director General (DG) Mahfuzur Rahman, are taking part in the discussion The partnership dialogue is the premier forum for further expanding and deepening bilateral cooperation on the full range of bilateral ... Read More »

Japan to make RMG factories quake-resistant

businessnews24bd.com Japan government has taken an initiative to make vulnerable building of the country’s garments factories safe for the RMG workers through conducting retrofitting, a technology to make vulnerable building jolt resistant. “Japanese technology and experience to make building earthquake resistance can help Bangladesh to strengthen its vulnerable RMG buildings for avoiding any tragic incident like Rana plaza in future,” ... Read More »

First-ever global cotton summit in Dhaka

businessnews24bd.com A two-day international cotton summit will begin tomorrow at Radisson Hotel in Dhaka in a bid to improve relations between buyers and suppliers of the product. Styled as “Global Cotton Summit Bangladesh  -2015,” the event is first of its kind in the country, being organised jointly by Bangladesh Cotton Association (BCA) and Bangladesh Textile Mills Association (BTMA). Textiles and ... Read More »

Memo to Khaleda : BGMEA demands withdrawal of the ongoing blockade

businessnews24bd.com Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Md Atiqul Islam said we want to survive and run our business. The BGMEA chief said this after submitting a memorandum to BNP chairperson Khaleda Zia seeking withdrawal of the ongoing countrywide blockade. “Country’s economy has been affected due to the blockade, as a result the workers are being unemployed,’ Atiqul ... Read More »

RMG sector in trouble as political unrest continues

businessnews24bd.com Bangladesh’s garment manufacturers and exporters yesterday said the industry is in a deep trouble again due to latest spate of political unrest. The pain had no sooner come than fading away effect of Rana Plaza tragedy and political unrest in 2013. “The blockade that began on January 4 has already wiped off Tk4,50 crore of readymade garment sector,” Atiqul ... Read More »

Find alternative to hartal, blockade: BGMEA

businessnews24bd.com Voicing deep concern over the country’s ongoing political situation, BGMEA on Thursday urged the political parties to find out alternatives to hartal and blockade for the sake of national economy. “The enforcement of hartal on two days and a non-stop blockade for three days out of the last nine days caused a deep frustration among the entrepreneurs,” said a ... Read More »

Pharmaceutical industry being made prime export sector: Tofail

businessnews24bd.com Commerce Minister Tofail Ahmed today said government is working relentlessly to make the pharmaceutical industry country’s prime export sector. “Many nations have expressed interest to import medicine made in Bangladesh. Bangladesh is now registered to export medicine to 90 countries of the world. Government is now working to provide policy and infrastructural support to the exporters to take this ... Read More »

Samsung forecast 37.4% profit

businessnews24bd.com Samsung Electronics has forecast a 37.4% fall in quarterly operating profit from a year earlier. In its pre-earnings guidance, the firm forecast an operating profit of 5.2tn Korean won ($4.74bn; £3.14bn) for the three months to December. Analysts had expected an operating profit guidance of about 5tn won. Shares in the firm, which is the world’s largest TV and ... Read More »

Tazreen owner Delwar sent to jail

Chittagong  Bureau A court here on Sunday ordered to send Tazreen Fashion owner Delwar Hossain to jail in a fraud case. Chittagong Metropolitan Magistrate Syed Mashfiqul Islam passed the order as Delwar appeared before his court with bail prayer. Court sources said Tazreen Fashion purchased garment accessories worth about Tk 34.74 lakh from KDS Accessories during 2010-11 period. But, Delwar ... Read More »

Ashulia RMG factory closed sine die

Savar Correspondent Authorities of a ready-made garment factory in Ashulia have declared the factory closed for an indefinite period following a clash between two groups of workers. Pradac Jeans Limited authorities hung a notice on the factory gate in the old Dhaka Export Processing Zone on Tuesday morning. The workers of the factory staged a demonstration in front of the ... Read More »