February 2023

Local apparel manufacturers have demanded additional 2% cash incentives on export of RMG products to Sweden and Poland as such export is being deprived of the facility. Currently, RMG exporters enjoy 4% cash incentives if they export goods to non-traditional markets, excluding the EU, the UK, Canada and the US, sources said. Besides, they enjoy […]

Bangladesh has been enjoying significant investment in the primary textile and readymade garment (RMG) sectors in recent years, thanks to tremendous export growth, which has attracted the attention of global capital machinery suppliers. The Bangladesh Bank data shows the country saw 41.4 per cent growth in capital machinery imports in the first seven months of

Bangladesh’s RMG exports to the European Union (EU) market have increased and achieved the highest growth in garment exports to these European markets. However, China is the top exporter in this market, followed by Bangladesh. These data have emerged in the report published by the European statistical agency Eurostat. From January to November 2022, a

Industry stakeholders say the United States’ anti-China position may have also played a role in Bangladesh’s shift towards India for man-made fibre, the import volume of which is likely to double in the next five years from the neighbouring ally. Businesses said the move towards alternative sources for raw materials will help support the growth

The brand also wants to strengthen partnerships with suppliers in Bangladesh to create a robust backward linkage aiming to make a “double transformation” in the value chain. The globally-renowned clothing brand made this disclosure when a delegation of Primark and the Associated British Foods (ABF) met with Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President

According to the Office for National Statistics (ONS), in UK retail sales values decreased by 1.2 percent in December 2022 after increasing by 0.5 percent in November 2022. Compared with the pre-COVID-19 level in February 2020, total retail sales were 13.6 percent higher in value terms, but volumes were 1.7 percent lower. And in the

Officials reported that the government has taken steps to evaluate the minimum monthly salaries for the nation’s ready-made garment (RMG) employees. In this regard, the Ministry of Labour and Employment’s Department of Labour (DoL) has requested the names of representatives from the employers’ trade associations, the BGMEA and BKMEA, to serve on the pay board