The profitability of Bangladesh's readymade garments (RMG) is now hit hard by the persistent pressure from international buyers to lower the item's price, say industry insiders. Read More »

The garment factories in Ashulia, around 50, which remained closed on Friday following a series of clashes between police and garment workers, resumed production yesterday amid deployment of police. Read More »

The dollar jumped to a two-month high against the euro Friday as positive US economic data increased speculation on a rate hike by the US Federal Reserve. Read More »

A Bangladesh delegation left Dhaka for London on Sunday to take part in a road show on December 15-16, aiming to attract up to $5 billion investment in the country, especially for the energy and power sector. Read More »

The three-day 2nd Knit+Tex Bangladesh 2009 exposition will begin on December 10 (Thursday) at the Bangabandhu International Conference Centre in the city. Read More »

BKMEA president Fazlul Haque has said gas crisis is seriously affecting production in the knitwear industry. Read More »

Dubai remains a regional hub for finance and tourism but must build up those sectors to replace the construction industry, as the emirate's economic growth grinds to a halt amid the global economic crisis, analysts said. Read More »

The working committee of national taskforce on recession on Tuesday recommended the government for giving 5 percent cash incentive to the ready-made garment exporters and its backward integration only for new export destinations to revive the export growth. Read More »

German company Cancun Food Produces Limited is going to establish a high tech food processing industry in the Adamjee Export Processing Zone. Read More »

Fresh unrest is again simmering in the readymade garments (RMG) sector. Three precious lives were lost and over a hundred wounded in the recent deadly violence in Tongi. An apparently disturbed Prime Minister, Sheikh Hasina, categorically said that the government would not tolerate chaotic situation any more in the garment sector. The garment workers must get all types of facilities as they, with their low paid salaries, find it difficult to make both ends meet, she said. Read More »

The 20th Bangladesh Apparel and Textile Exposition will begin in the capital on Thursday presenting more value added local garments to the international importers. Read More »

Ocean Containers Limited, a fully-owned subsidiary of Summit Alliance Port Ltd, has got approval from the Chittagong Stock Exchange to be listed directly with the bourse. Read More »