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
Apparel Imports Drop for Second Consecutive Month
U.S. apparel imports fell in July for the second straight month, once again swimming against the tide of overall imports, which increased by more than 5 percent in the month, Sourcing Journal reported.
Stubborn price deflation and shifting consumer tastes in favor of experiences like travel and dining over shopping, have been pressuring demand despite healthy job growth and strong economic indicators, the report added.
Bangladesh does digital RMG factory mapping
Bangladesh is digitally mapping its readymade garment sector. It marks a transformative industry shift towards greater transparency, Fashionating World reported.
Jica offers low-cost funds to businesses
Local as well as foreign entrepreneurs can get low-cost credit from the Japan International Cooperation Agency (Jica) in a scheme of the Bangladesh Bank designed to boost foreign direct investment in the country, the Daily Star reported.
The central bank has already formed a fund worth about Tk 457 crore, which is equivalent to 7,033 million yen, for this purpose and invited all banks last week to participate in the programme, the report added.
