December 2023

Apparel shipment to the European Union (EU) will not be affected if the EU adopts the proposed corporate sustainability due diligence as Bangladesh has already improved the required conditions, said the industry leaders. Bangladesh has been improving the basic conditions which have been enclosed in the proposed directives of the corporate sustainability due diligence adopted […]

Attacks by Yemen’s Houthi rebels on cargo ships in the Red Sea have increased the cost of shipping cargo through South Africa’s Cape of Good Hope. It takes two weeks longer to ship goods from Asia to Europe and the East Coast of the United States. So the shipping companies have announced to charge the

BGMEA advised the member factories to increase the price of the product and collect the additional cost of increased labor wages from the buyers. At least under no circumstances should export orders be taken below the cost of production. These things have been said in the letter sent to the media by BGMEA on 26

During the initial ten months of 2023, South Korea saw a 12.9 percent increase in apparel imports from Cambodia, constituting 1.79 percent of its overall $10.259 billion imports. In comparison, Cambodia held a 1.57 percent share of South Korea’s $12.189 billion imports in 2022. Trousers and shorts dominated the 2023 South Korean apparel imports, accounting

Coats Digital has recently launched a new AI Assistant, aiming to enhance customer service and unlock innovative opportunities throughout the fashion supply chain. Developed within a rapid six-week timeframe using Microsoft’s Azure AI solutions, the advanced features incorporated by Coats Digital enable robust natural language queries across their extensive knowledge repositories. This development allows customers

A long-anticipated agreement with a Saudi firm to operate the newly constructed Patenga Container Terminal (PCT) at the Chattogram port is scheduled to be signed tomorrow, 6th December. The signing ceremony between Chittagong Port Authority (CPA) and Red Sea Gateway Terminal International (RSGTI) will take place at the Prime Minister’s Office, with Prime Minister Sheikh Hasina

According to recent data from the Pakistan Cotton Ginner’s Association (PCGA), Cotton’s arrival in Pakistan witnessed an increase of 3.5% in the first two weeks on December 15 compared to November 30. The report reveals that the overall cotton arrival in Pakistan reached 8.024 million bales, exhibiting growth from the 7.753 million bales recorded on

Bangladesh has been ranked as the top source of knitwear, one of the two major for the European Union markets for the first time. The robust performance can be attributed, in part, to strategic investments in higher value-added items, particularly in the active-wear segment. Recent data from the European Union’s statistics agency, Eurostat, showed that

BGMEA has requested foreign brands and buyers to ensure fair prices of garments for the sake of living wages and sustainable development of the industry. The request was made in separate letters sent to all such brands and buyer representatives that source garments from Bangladesh. The letter made a special request to implement the increased

Textile millers of Bangladesh have asked for policy support from the central bank, including concessions on loan installments, extensions on repayment periods, and an increase in the Letter of Credit (LC) limit. A letter was sent to the Bangladesh Bank on 6 December by the Bangladesh Textile Mills Association (BTMA). The letter sought a two-year