Garment owners yesterday threatened to close their factories in the trouble-torn Gazipur district for an indefinite period if the government fails to provide security for the industry by September 25. 
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Bangladeshi readymade garments (RMG) may face a setback in its effort to win duty- and quota-free access to the American market as US authorities have responded positively to the appeal of few African countries to exclude the country's RMG from New Partnership Act (NPDA) 2007.
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The Japanese clothing giant behind the Uniqlo brand unveiled plans Wednesday for new stores in Russia and India, aiming to triple its overseas sales over two years.
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Businesspeople believe normalcy will return to the garment industry after the government's announcement on Tuesday that it will deal with unlawful activities in any factory with a firm hand.
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The euro and the pound fell against the dollar in Asia Tuesday on expectations of lower interest rates in Europe to stave off the threat of recession, dealers said.
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Eight leading financial institutions of the country have signed a Paripassu Security Agreement with Malek Spinning Mills Ltd for an amount of Tk 352 crore loan recently for business expansion, says a press release.
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The trade bodies for woven and knitwear, two sub-sectors of the readymade garments (RMG) sector, announced yesterday the launch of its rationing programmes to reach out some essential commodities to workers countrywide at a subsidised rate from today.
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