News Flash

Some news highlights relevant to RMG sector: State Minister for Labour and Employment Mujibul Haque mentioned that the RMG workers who were dismissed in Ashulia incident will be taken back by their employers, their arrears will be paid and the Apparel Workers Summit will be scheduled at a later date.

Some news highlights relevant to RMG sector: Five leading RMG buyers i.e. H&M, Inditex (Zara), C&A, Next and Tchibo and Ethical Trading Initiative have withdrawn from the upcoming Dhaka Apparel Summit over deterioration of labour rights in Bangladesh garment industry.

Some news highlights relevant to RMG sector: Presently after advance income tax, excise duty and bank’s service charge the interest rate (of zero to 4 per cent) on saving deposits have negative returns for most banks in Bangladesh.

Some news highlights relevant to RMG sector: Taka will soon to depreciate against US dollar, predicts Standard Chartered Bank. Read: http://www.thedailystar.net/business/takas-depreciation-the-horizon-stanchart-says-1364641

Some news highlights relevant to RMG sector: Tapan Chowdhury, President of Bangladesh Textile Mills Association (BTMA) identified challenges of producing value-added products. He mentioned constraint in electricity, gas and infrastructure as major obstacles.

Some news highlights relevant to RMG sector: President of BGMEA Md Siddiqur Rahman mentioned that over 95 per cent of investors in the apparels industry are Bangladeshi.

Some news highlights relevant to RMG sector: Human Rights Watch (HRW), a US-based advocacy group suggested that global brands who will be meeting at the Dhaka Apparel Summit in February should urge government of Bangladesh to stop all persecution of union leaders related to Ashulia incident.

February 17, 2017 Some news highlights relevant to RMG sector: CuteCircuit, a company based in USA are making graphene based wearable technology. Watch: https://cutecircuit.com/

Some news highlights relevant to RMG sector: State Minister for Textile and Jute Mirza Azam mentioned the proposed Textile Industries Establishment Act 2015 will be enacted soon at an event in capital.

Some news highlights relevant to RMG sector: Mutual Trust Bank Limited (MTB) has signed agreement with Bangladesh Bank to facilitating and disbursement of Green Transformation Fund (GTF) for RMG and leather sectors.