Cotton imports to fall, could send yarn output lower
Bangladesh may import a lower volume of cotton in the current marketing year of 2023-24 owing to a fall in orders from buyers for garments
Reserves remain under pressure
Pressure on the foreign exchange reserves remains high as the deficit in the financial account continues to widen despite the narrowing trade gap and a
New LC clause by US apparel buyer raises concern
Garment factory owners are concerned as a US clothing retailer recently said it will not “process transactions involving any country, region, party” sanctioned by the
Workers’ woes deepen as inflation outpaces wage growth for 22nd straight month
Average wage growth remained well below the inflation rate in Bangladesh for the 22nd month straight, as per the Bangladesh Bureau of Statistics (BBS), indicating
Exports up 27% in Nov as peak festival sales begin in West
Exports grew 27% in November compared to October on the back of higher demands for apparels in the West as the festival season has already
BGMEA calls for speeding up customs clearance for RMG sector
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has called for speeding up customs-related procedures more, particularly the faster clearance of export-import goods, to enhance