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Category Archives: RMG Industry

China, Japan provide new hope for RMG makers

RMG Desk Garment exports to China and Japan, two new markets, soared in fiscal 2015-16 — the strongest sign yet of the growing stature of Bangladesh’s apparel sector in global trade. Last fiscal year, garment exports to Japan stood at $774.47 million, up 18.68 percent year-on-year, according to data from the Export Promotion Bureau. Some $341.22 million of garment items ... Read More »

Poor labour rights : BD once again left out of GSP

businessnews24bd.com Bangladesh has once again been left out of the American list of beneficiary countries for trade privileges from the US on grounds of poor labour rights. The list of beneficiaries for the Generalised System of Preferences scheme was updated last month by the United States Trade Representative, the chief trade negotiation body for the US government. Ecuador, Fiji, Georgia, ... Read More »

Workers of almost all RMG factories get eid bonus : BGMEA

Apparel business owners claimed that almost all of the factories have cleared their workers’ festival allowances ahead of the Eid-ul-Fitr, reports bdnews24.com “Almost 99.95 percent factories paid festival allowances to their workers,” Siddiqur Rahman, president of Bangladesh Garment Manufacturer and Exporters Association (BGMEA). At a media briefing on Monday, he said that they had formed nine monitoring bodies responsible of ... Read More »

RMG industry trembles after Dhaka attack

          Some leaders of Bangladesh’s $26 billion garment industry expect Western fashion retailers to review their ties with the world’s second-largest garment exporter after Islamist militants killed at least 17 foreigners in an attack on a Dhaka restaurant. Bangladesh, one of the world’s poorest countries, relies on garments for around 80 percent of its exports and ... Read More »

Tax at source for exports at 0.7 pc in FY 2016-17 : Minister

Tax at source for readymade garment exports will be revised to 0.7 percent, down from 1.5 percent in the proposed budget for the upcoming fiscal year, Finance Minister AMA Muhith tells Parliament, reports bdnews24.com The decision comes after Prime Minister Sheikh Hasina suggested the revision among others while speaking in the House during discussion on the budget proposal. Muhith said ... Read More »

Govt to reduce tax at source on RMG

businessnews24bd.com The government has taken a decision to reduce tax at source imposed on the export-oriented garment industry in the proposed budget for 2016-17. But how much reduction will be given in source tax has not been finalized yet. A source in the NBR said that tax at source may be reduced from 1. 50 per cent to 1.00 per ... Read More »

Salary, bonus for RMG workers before Eid demanded

businessnews24bd.com Leaders of different organisations of garment workers have demanded salaries, allowances and overtime payment of garment workers within Ramadan 20.   The demand was made with the banner of 25 garment workers organisations holding a rally in front of National Press Club on Friday.   Speakers said in the rally that Ministry of Labour Employment directed all industries including ... Read More »

High interest rate barriers to RMG remediation: Study

    businessnews24bd.com  High interest rates and a lack of financial literacy are highlighted as major obstacles to factories in the Bangladesh Readymade Garment (RMG) sector from obtaining remediation financing, according to a latest report. The International Finance Corporation (IFC) and International Labour Organisation (ILO) launched the report in the city on Monday. According to the report, interest rates that ... Read More »

BD export earnings rise on apparel sales to US, Europ

Bangladesh have earned $30.66 billion in the first 11 months of outgoing 2015-16 fiscal year, reports bdnews24.com The earnings in this July-May period were 8.95 percent more than those were in the same period last fiscal. Commerce Minister Tofail Ahmed hopes that the export earnings will cross $34 billion by the end of the ongoing financial year ending on June ... Read More »

Invest in skills to stay competitive, British envoy tells BD garment industry

The British High Commissioner in Dhaka has said Bangladesh’s clothing factories should invest in skills development to remain competitive in the global market. reports bdnews24.com Alison Blake visited two readymade garment factories on Monday in Gazipur on the outskirts of Dhaka, where the British agencies finance skills development training. The High Commission on Tuesday said during the visit, Blake reaffirmed ... Read More »

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