Tag Archives: Budget

BGMEA says proposed budget not RMG sector friendly


Published in the New Age on 4, June 2017 The Bangladesh Garment Manufacturers and Exporters Association on Sunday said that the proposed budget was not RMG sector friendly, reiterating its demand for revoking tax at source for the sector for the next two years. RMG exporters now pay tax at source at 0.7 per cent on their export proceeds as ...

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Budget to get 26pc bigger, new VAT system might affect businesses

This year budget is likely to be Tk four lakh crore in size — which is 26 percent bigger than the one for the outgoing fiscal year, English language Daily Star reported. The Finance Minister AMA Muhith will present the budget in parliament tomorrow. The report said that the main challenge of the budget implementation will be the sourcing the ...

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May 31, 2017: Inclusive workforce, local value addition in RMG, New VAT rate, budget and foreign donation  

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 Call to build inclusive workforce to boost RMG sector State Minister for Labour and Employment M Mujibul Haque Chunnu on Tuesday said a diverse workforce and inclusive workplace can play a ...

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BGMEA seeks 5pc cash incentive for next 2-yrs

BGMEA press briefing

Published in the Daily Star on 27, May 2017 Bangladesh Garment Manufacturers and Exporters Association (BGMEA)  sought additional five percent cash incentive on apparel export for the next two years. BGMEA President M Siddiqur Rahman placed the demand of the apparel sector to the government at a press conference at BGMEA office. “Apart from the existing facilities, we want additional ...

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