News Flash

Some news highlights relevant to RMG sector: Finance Division’s Report: In the Finance Division’s report on trade turnover of last four month shows planned Brexit might not effect Bangladesh’s export to Britain. Both woven and knit garment shipment have increased in last quarter to EU market.

Some news highlights relevant to RMG sector: Less Diversification is Risky: BGMEA President Siddiqur Rahman foresees that due to comparatively less diversification of RMG products, Bangladesh runs the risk of being overtaken by India and Vietnam in global competition. ILO’s DG Lauds Progress ...

Some news highlights relevant to RMG sector: IKEA Tops Report on Sustainable Cotton: The Swedish global home furnishing giant, IKEA has unveiled its sustainable report for FY 2016 where in it pledges Euro 1 billion investment in sustainable initiatives in the coming year. The home furnishing retailer claims that it continues to source most cotton from sustainable sources namely Better Cotton Initiative (82 per cent) and uses recycled cotton (18 per cent) for the rest.

Some news highlights relevant to RMG sector: Mandatory e-Export: Under the new e-Export, customs officials in Bangladesh will check the authenticity of export permit form (EXP) issued by the banks with the bills though automated Asycuda World System. The National Board of Revenue (NBR) is making e-Export mandatory from December 26, 2016.

ILO Launches RMG Project: Guy Ryder, Director General of ILO inaugurated the five yearlong $ 8.43 million project titled, “Promoting Social Dialogue and Harmonious Industrial Relations in the Bangladesh RMG” on Sunday in Dhaka. BSTMPIA’s New Executive Committee ...

IPOs of Pacific Denims: The public subscription of IPOs of Pacific Denims begins from today and will continue till December 19 for resident and non-resident Bangladeshis. Textile Issues in DSE ...

Some news highlights relevant to RMG sector: ILO’s New RMG Project: The director general of International Labour Organisation (ILO) Guy Ryder will be arriving today in Bangladesh. He will be inaugurating a co-funded initiative of Sweden and Denmark titled ‘Promoting Social Dialogue and Harmonious Industrial Relations in the Bangladesh Ready-Made Garment Industry’ (2016- 2020).

Some news highlights relevant to RMG sector: Shipment Cost in Hartal: A BIDS research found, the transportation cost for a standardised container shipment of RMG products is US dollar 390 during hartal compared to US dollar 231 in normal days.

Some news highlights relevant to RMG sector: Research Findings on RMG: As per Bangladesh Institute of Development Studies (BIDS) study, the Bangladesh garment industry’s expected need for trained workers will be 1.5 million by 2021.

Some news highlights relevant to RMG sector: Apparel Export Higher: According to the Export Promotion Bureau (EPB), in November the export earnings from apparels were 4.05 per cent higher than that of last year at the same time. The earnings was US dollar 2.31 billion in the previous month from RMG sector.