News Flash

Some news highlights relevant to RMG sector: President DCCI at a press conference identified following key impediments for attaining projected GDP growth: inadequate infrastructure, higher cost of doing business and frequent changes in policy.

Some news highlights relevant to RMG sector: Transport Intelligence (Ti), a leader in market research, in its publication Agility Emerging Markets Logistics Index ranked Bangladesh among the least attractive logistics markets among emerging economies. It identified corruption and poor infrastructure as the major reasons. Read the report: http://bit.ly/2l9jCEU

Some news highlights relevant to RMG sector: Mary Lynn Landgraf, senior international trade specialist with OTEXA reported the result of the Boston Consulting Group consumer mind-set survey. Conducted on more than 5,000 consumers in the U.S., China, Germany and France, more than 65 percent of the European participants prefer products made in their home countries, and more than 80 percent in the U.S. A surprising 61 percent in China said they would pay a premium for American-made goods in comparison to products made in China.

Some news highlights relevant to RMG sector: BGMEA at press conference cited that it is unlawful to display photos of terminated or suspended RMG workers and therefore the photos should be taken down from factory walls. In response to government’s Monetary Policy, FBCCI demands stricter position on loan defaulters and proper guidance on non-performing loans (NPLs).

Some news highlights relevant to RMG sector: Executives from bank and financial institutions participated in a training programme on “Financing Apparel Industry: Risks, Threats and Mitigation” organised by FinExcel.

January 30, 2017 Some news highlights relevant to RMG sector: Director at Bangladesh Foreign Trade Institute (BFTI) Amitava Chakraverty said, Bangladesh Accreditation Board (BAB) is not fully capable of providing accreditation to all certifying institutes. In addition, all the existing labs are not adequately equipped for testing and inspection.

Some news highlights relevant to RMG sector: Bangladesh Ambassador to the US Mohammad Ziauddin requested Senator Roger Wicker to give duty-free access to Bangladeshi products to USA last week.

Some news highlights relevant to RMG sector: Read the letter to Sheikh Hasina from American Apparel & Footwear Association (AAFA) for timely resolution of those arrested in Ashulia unrest and implementation of wage board for RMG sector. https://www.wewear.org/assets/1/7/bangladeshaafaltr1701-final170123.pdf

Some news highlights relevant to RMG sector: Read the letter to international brands sourcing from Bangladesh from 22 rights groups to release imprisoned union leaders and reinstatement of 1,500 suspended workers ...

Some news highlights relevant to RMG sector: Bangladesh Cotton Association (BCA) targets to produce 10 per cent of Bangladesh’s annual demand from domestic growers by 2025. Currently Bangladesh grows only 1 per cent of total cotton demand in a year. Ispahani, Amber and Square have started contracting farmers to grow cotton.