News in the Media

Bangladesh sees decline in export to Australia


Published in the Financial Express 14, June 2017 Merchandise export to Australia declined by 6.33 per cent in the 11 months of the current fiscal year (FY17). The value of export to Australia stood at $603 million in July-May period of the current fiscal year, according to the latest statistics of the Export Promotion Bureau. In the same period of FY16, ...

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Epz Labour Act: Draft to be placed in House soon

Published in the Daily Star on 15, June 2017 Bangladesh will soon place the draft law of the proposed Export-Processing Zones (EPZ) Labour Act, 2016, to the Parliament after a review in August to bring the necessary amendment as per the requirement of the ILO. Bangladesh submitted this commitment to the Conference Committee on the Application of Standards at the ...

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Govt submits to ILC time-bound action plan on labour rights

Published in the New Age on 13, June 2017 Moinul Haque The government has promised to produce the draft of the revised EPZ law before an International Labour Organisation committee by the end of November and that of the revised labour law by the end of December this year with necessary changes in the laws in line with the recommendations ...

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Moody’s: Bangladesh’s sovereign credit profile supported by strong garment exports


Published on on June 12, 2017 Bangladesh’s Ba3 stable sovereign credit profile is supported by the robust growth of an economy that is bolstered by garment exports, Moody’s Investors Service has said in a new report. However, weakening inflows of remittances from overseas-based workers could hurt consumption, according to the report. The garment industry makes up about 70 percent ...

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IMF identifies future risks for Bangladesh

Published in the Daily Star on 12, June 2017 Considering the fast approaching general election in Bangladesh and a likely post-Brexit economic slowdown in Europe, the International Monetary Fund has identified seven risk areas where Dhaka needs to take policy measures. Most importantly, political turmoil may return and security conditions could worsen, adversely affecting confidence, investment and growth, the IMF ...

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Bangladesh to stand for labour rights in ILC meet


Published in the Daily Star on 11, June 2017 Bangladesh will stand for implementation of the International Labour Organisation (ILO) convention and protection of labour rights before the ongoing 106th International Labour Conference (ILC) at Geneva in Switzerland. The position of Bangladesh over this issue will be discussed at the ILC on June 14 where Law Minister Anisul Huq will ...

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Indian Knitwear garment exporters keen to develop & market wool-based products

Published in the Financial Express on 11, June 2017 With huge potential for wool products globally, knitwear garment exporters from nearby Tirupur are keen on doing business in the sector, a senior official in Woolmark Company, producing Merino wool, has said. The company had conducted a workshop to educate manufacturers and exporters on the natural properties of the fiber and ...

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Scientists for expanding cotton farming in Barind region to boost production


Published in the Financial Express on 5, June 2017 Agricultural scientists and researchers at a day-long discussion urged the farmers and others concerned to expand cotton farming in the vast barind tract for boosting up its production to meet up the country’s demand. They viewed prospect of boosting cotton production in the drought-prone barind region is bright as its topography ...

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Eight RMGs submit plea to PFIs for low-cost fund

Low cost fund

Published in the Financial Express on 5, June 2017 Eight garment owners have submitted applications to the participating financial institutions (PFIs), seeking low-cost fund under Urban Building Safety Project (UBSP) for improving their working conditions. Public Works Department (PWD) under Ministry of Housing and Public Works is now assessing technical aspects of the applications, a senior official of Bangladesh Bank ...

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Bangladesh ranks 4th in clothing export to OIC countries


Published in the Financial Express on 4, June 2017 Bangladesh is the fourth largest exporter of clothing to the member countries of the Organisation of Islamic Cooperation (OIC), according to a report prepared by the answer company of Thomson Reuters. The report titled State of the Global Islamic Economy Report 2016-17 showed that Bangladeshi clothing export to the OIC countries ...

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