CPD RMG Study Stitching a better future for Bangladesh
Every day, CPD RMG Study team reveals what’s on our economic and apparel radar and curates a selection of the best reports, opinion, and analysis you may have missed
Accord’s extension unexpected: Tofail
The extension of the Accord on Fire and Building Safety in Bangladesh by three more years was unexpected as the decision was taken unilaterally by the trade unions, retailers and global brands, Commerce Minister Tofail Ahmed said yesterday, the Daily Star reported.
“The signatories could have discussed (it) with the stakeholders before taking such an important decision,” the report quoted the minister as saying.
Cottage industry to get Tk 1.0 million single loan
A single client of the country’s cottage industry is eligible to get maximum Tk 1.0 million loans from the bank, according to a latest instruction of the central bank, the Financial Express reported.
Bangladesh Bank (BB) has updated its definition of micro, cottage, small and medium enterprises in line with the National Industrial Policy 2016 and set a limit to the amount of credit they can avail, the daily Star reported.
