News Flash

Some news highlights relevant to RMG sector: Bangladesh Economic Zone Authority (BEZA) organised a seminar today in Chittagong to promote economic zones of Chittagong and Cox’s Bazar. It especially highlighted Mirsarai and Feni economic zones for manufacturing and processing industries.

Some news highlights relevant to RMG sector: Nordstrom created a new position, chief innovation officer and named long time company executive Geevy Thomas, president of Nordstrom Rack for the position. Read on: http://www.seattletimes.com

Some news highlights relevant to RMG sector: India to inaugurate its Assistant High Commission in Khulna to assist in business and immigration, announced Indian High Commissioner Harsh Vardhan Shringla at an event organised by Khulna Chamber of Commerce and Industry. Marks & Spencer chief executive Steve Rowe announced ...

Most Business Identification Number (BIN) –holders do not submit VAT return in Bangladesh. Approximately 40 thousand VAT returns are submitted annually while there are eight hundred and forty thousand BIN –holders are registered. A joint initiative by Income Tax and VAT wings are coordinating a drive to identify these anomalies. World Bank cites two reasons ...

Some news highlights relevant to RMG sector: GAP unveiled an app that gives customers a new way to try on their favorite Gap styles anywhere...

Some news highlights relevant to RMG sector: “Creating RMG Palli (Village) can raise exports by around Tk 312 billion while generating eight times higher return on investment” – reported by Copenhagen Consensus Center and BRAC. This a finding from a study titled, Benefits and Costs of Building an Industrial Zone for RMG and Ensuring Compliance of all Factories in Bangladesh.

Some news highlights relevant to RMG sector: Combat sports apparels sector growth is expected to be estimated USD 85 billion in 2020. Mr Ray Qudos of RDX Sports, a leading combat sports apparel company based in UK, says that the company experienced growth due to its market penetration using e-commerce as platform.

Some news highlights relevant to RMG sector: Bangladesh government should consider including RMG workers under the food-friendly programme (for ultra-poor), recommended Distinguished Fellow of CPD, Dr Debapriya Bhattacharya.

Some news highlights relevant to RMG sector: IndustriALL Global Union is calling for an immediate end to the persecution of garment workers, trade union leaders and worker activists in Bangladesh in light of a sinister crackdown by government authorities. Read more

Some news highlights relevant to RMG sector: Trade Facilitation Agreement (TFA): When six more countries will ratify TFA, it will reduce time to export and import as well as reduce cost of doing business substantially. Professor Mustafizur Rahman of CPD recommended that Bangladesh should prepare itself to reap the benefits of TFA. Bangladesh has approved to join TFA in October 2015.