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
RMG accessories industry demands cut in corporate tax to 15pc
Manufacturers of the country’s garment accessories demanded 15 percent corporate tax for the next fiscal year 2017-18 to remain competitive in global market, Daily Sun reported
The report said that garment accessories are considered as the backward linkage industry of the county’s clothing industry contributes substantially to the RMG export earnings.
Indian Knitwear garment exporters keen to develop & market wool-based products
With huge potential for wool products globally, knitwear garment exporters from nearby Tirupur are keen on doing business in the sector, Indian English daily the Financial Express quoted Woolmark company Country Manager India, Arti Gudal, as saying.
The report said that the company had conducted a workshop to educate manufacturers and exporters on the natural properties of the fiber and up-skill their technical expertise in June last year and a few companies had successfully developed samples of garments made by wool.
Bangladesh must be ready for the ‘One Belt One Road’ initiative
The ‘One Belt One Road’ (OBOR) initiative will spell seamless connectivity for Bangladesh and the rest of the region, and beyond, discussants at a roundtable said. The daily Prothom Alo reported. The report said that it is imperative for Bangladesh to prepare from now to reap the full benefit of this initiative.
Titled ‘One Belt One Road’ termed it as a win-win initiative for all. The roundtable, held on Sunday at the Prothom Alo office in Karwan Bazar, was organised by Prothom Alo with support from Standard Chartered Bank.
Speaking as chief guest on the occasion, Minister for Planning AHM Mustafa Kamal said that China’s OBOR initiative was not exactly new, it could be seen as an extension of the trade route set up 2000 years ago by the Han dynasty of China. It was a purely trade route then, but now would be seen from the development perspective too.
IMF identifies future risks for Bangladesh
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, the Daily Start reported.
The report said that IMF fears political turmoil may return and security conditions could worsen, adversely affecting confidence, investment and growth.
