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Category Archives: RMG Industry

Budget to raise tax at source to 1.50 pc to shut industries: BGMEA

The BGMEA has urged the government not to raise the tax at source in the apparel sector arguing that it is already ‘plagued by crises’. businessnews24bd.com Siddiqur Rahman, President of the export-focused readymade garment industry lobby, says they will sit with the commerce minister, finance minister and the prime minister over this issue. His call came at a press briefing ... Read More »

20pc tax reduction in RMG sector proposed

 businessnews24bd.com Aiming to foster the growth of readymade garment (RMG) sector, the government has proposed to reduce the tax rate on RMG sector to 20 percent from the existing 30 percent. “Acknowledging this (contribution), Bangladesh Government is providing substantial tax benefits to this (RMG) sector. As part of our continued support, I propose to reduce the tax rate of the ... Read More »

Demolition awaits for BGMEA Bhaban

businessnews24bd.com The Appellate Division of Supreme Court has upheld the High Court verdict that ordered to demolish the BGMEA Bhaban at the capital’s Hatirjheel project area as it was constructed violating the Wetlands Protection Act. A four-member bench of Appellate Division headed by Chief Justice Surendra Kumar Sinha delivered the verdict on Thursday noon. With the SC judgment, there is ... Read More »

Garment workers declare deadline for Eid bonus

The government has urged the owners of readymade garment factories across Bangladesh to pay the workers their Eid bonuses by the 21st day of Ramadan, reports bdnews24.com Like past years, the business houses have been asked to pay workers their June salaries before the Eid-ul-Fitr holidays and send them on festival vacation in phases, State Minister for Labour Mujibul Haque ... Read More »

Progress in RMG working environment slow: CPD

businessnews24bd.com Centre for Policy Dialogue (CPD), a civil society think tank, on Saturday said there has been some sort of improvement in the country’s RMG sector working environment after the Rana Plaza tragedy, but the progress is slow. The CPD came up with its observation at a dialogue, titled ‘Re-emerging from the Rana Plaza Tragedy: An Account on the Third ... Read More »

13 countries to join Bangladesh Denim Expo from Apr 25

The curtain will go up on fourth Bangladesh Denim Expo at Dhaka’s International Convention City Bashundhara on April 25, reports bdnews24.com According to a media statement issued by the organisers on Friday, an array of latest technologies and trends of entire Denim value chain will be displayed at the two-day expo. Products of 49 exhibitors from 13 countries including Bangladesh, ... Read More »

Compensation of Tazrin Garments victims demanded

  businessnews24bd.com   Leaders of National Garment Workers Federation observed a token strike demanding due compensation of the affected employees of Tazrin Garments in front of National Press Club yesterday. Presided over by President of the organization Amirul Haq Amin, the programme was addressed by Joint Coordinator of National Workers Federation Kamrul Ahasan, President M Delwar Hossain, General Secretary of ... Read More »

GSP facilities give no extra benefit to any country exporting RMG: Bernicat

US ambassador in Dhaka Marcia Bernicat has said the GSP (Generalised System of Preferences) does not give any extra benefit to ready-made garments from any country, even as Bangladesh presses for the restoration of the privilege, reports bdnews24.com “All GSP countries pay the same duties,” she said on Sunday in a Facebook chat marking a year of her term in ... Read More »

US envoy calls to improve working conditions in BD’s RMG sector

The US ambassador in Dhaka has advised Bangladesh to further improve the working environment and safety of its workers in the apparel sector to attain higher export growth and regain GSP privilege, reports bdnews24.com Marcia Stephens Bloom Bernicat made the suggestions at a discussion on Bangladesh’s target to raise readymade garment exports to $50 billion in the next five years, ... Read More »

BGMEA rejects TIB report on RMG sector

businessnews24bd.com Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has rejected the report on the RMG sector by Transparency International Bangladesh (TIB).BGMEA, an association of owners of Ready Made Garment rejected the report at a press conference at the BGMEA office on Friday afternoon. The association also terms the report baseless and motivated. BGMEA president Siddiqur Rahman said the RMG sector ... Read More »

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