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Category Archives: Industry

JETRO to cooperate with DCCI

Japan External Trade Organization (JETRO) wants to cooperate with Dhaka Chamber of Commerce & Industry (DCCI) in promotion of trade and investment between Dhaka and Tokyo. JETRO Country Director Kei Kawla spoke of this cooperation  when he met DCCI president Mohammad Shahjahan Khan at the DCCI office on Wednesday. DCCI Vice President Kh. Shahidul Islam was present, reports UNB. JETRO ... Read More »

RMG exporters quite happy as buyers are back

Ready-made garment (RMG) exporters are now breathing easy as foreign buyers are beginning to return, with Bangladesh getting down to business after a spell of political upheaval. Upset over deadly factory fires, collapsing buildings, raging worker unrest over wages, and relentless political violence, many buyers had turned their backs on the country`s RMG industry, factory owners say. But now they ... Read More »

Rana Plaza survivor commits suicide

‘Salma’, a woman worker who was miraculously found alive beneath the debris several days after the horrific Rana Plaza building collapse at Savar, has committed suicide. Police said the readymade garment worker, who was just 27, hanged herself on Friday morning. Her body was recovered around 11am from her home in the Bamnar Tek area, at Turag, in Dhaka. She ... Read More »

RMG buyers are beginning to return

Garment exporters are now breathing easy as foreign buyers are beginning to return, with Bangladesh getting down to business after a spell of political upheaval. Upset over deadly factory fires, collapsing buildings, raging workers’ unrest over wages, and relentless political violence, many buyers had turned their backs on the country’s garment industry, factory owners say. But now they have resumed ... Read More »

40pc garment factories failing to pay minimum wage

Nearly 40 per cent of garment factories in the Bangladesh capital were failing to pay a new minimum wage announced last year for workers stitching clothes for Western retailers, an industry head said Thursday. Bangladesh‘s government agreed last November to raise the minimum monthly wage for the country‘s four million garment workers to $68, an increase of 77 per cent, ... Read More »

3 more export cloths get aid

Three more export cloths –woven, knit and terry towels- will get five percent cash incentive from the government even for transactions through telephonic transfer. The finance ministry has decided on this. So far, only cloth made from native yarns used to get the incentive against Letters of Credit. The government has asked Bangladesh Bank to take the necessary steps to ... Read More »

28 more human bones retrieved from Rana Plaza debris

businessnews24bd.com Police on Friday retrieved 28 human bones, including a broken skull, from the debris of Rana Plaza at Savar. Locals, former workers of the garment factories housed in Rana Plaza recovered the human remains and informed the police. However, after receiving the human bones, officer-in-charge of Savar Model Police Station, Mostafa Kamal, told reporters that ‘some miscreants’ have staged ... Read More »

Fire at RMG factory

A readymade garment’s factory in Savar’s Ashula is engulfed by fire. Dhaka Export Processing Zone’s (DEPZ) fire station official Abdul Hamid Mia said the fire broke out at the 7-storey building around 8am on Thursday. Two units of the fire service are trying to put out the fire. He said they suspect an electrical malfunction at the store-room on the ... Read More »

Standard Group to get US$ 25mn from BBas loan to recover losses

businessnews24bd.com Bangladesh Bank will provide US$ 25 million to Standard Group as loan assistance to recover the losses in recent arson attacks on the group’s readymade garment (RMG) factory at Gazipur industrial belt. The decision was taken at a multipartite meeting among BB officials, Standard Group management, CEOs of five commercial banks and BGMEA representatives at Bangladesh Bank Bhaban. BB ... Read More »

Apparel export orders diverting to India for B’desh labour unrest

The labour unrest in the readymade garments sector in Bangladesh has put Indian apparel exporters in an advantageous position. The US and EU are diverting orders from Bangladesh to India to meet their apparel requirements for the upcoming summer season, reports The Economic Times. Indian apparel exporters are making most of the situation. They are scaling up operations and negotiating ... Read More »

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