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 export shines in Jul-Aug on strong euro
Bangladesh’s readymade garment export to its major destinations including the European countries, United States and Canada achieved significant growth in the first two months of the current financial year 2017-18, New Age reported.
But the export earnings from the Asian countries including Japan, China and India declined in the period, the report added.
Govt launches OMS in wake of rice price hike
The government started open market sales of coarse varieties of rice at the rate of Tk 30 per kg across the divisional towns in the awake of recent surge in prices of the staple food, New Age reported.
The government also asked the district administrations for launching drives into warehouses of rice mills across the country and to sell the hoarded items in the market at reasonable prices and if necessary, arrest hoarders, the report added.
Govt’s bank borrowing rises in Jul-Sept
The government’s borrowing from the banking sources suddenly increased in July-September of the current fiscal year 2017-18, New Age reported.
Bangladesh Bank officials say the government is now being forced to borrow from banks against the backdrop of a surge in its expenditure, the report added.
Responsibility starts with the buyers
Responsibility for Bangladeshi workers is equally the concern of the buyers as it is for their employers, Dhaka Tribune reported.
Which is why it needs to come to note that when global buyers cut prices of clothing products, it is ultimately the workers who bear the brunt, the report added.
