Refayet Ullah Mirdha

Senior Staff Reporter of The Daily Star.

Stock of unsold yarn piles up as demand drops

Stocks of unsold yarn of local millers have grown to over one million tonnes over the past five months or so for a drop in demand for garments from the domestic and international consumers.

12h ago

Bangladesh leaps to top position in RMG export to EU in volume

Bangladesh secured the top position in garment shipments to the European Union during the January-March period, overtaking China in terms of quantity, as retailers in the trade bloc have started diversifying their sources to reduce overdependence.

4d ago

USTR inquires about labour situation

Visiting officials of the United States Trade Representative (USTR) yesterday sought the views of union leaders from different economic sectors on the labour situation in Bangladesh across six major areas.

6d ago

GE plans big for Bangladesh

US industrial giant General Electric has been doing business in Bangladesh since 1970 and plans to go for bigger investments to tap immense business potential as demand for electricity is on the rise in the country. Jeffrey Goldmeer, global hydrogen value chain leader for GE Power, talked about his company’s journey in Bangladesh, current business, and future plans during an interview with The Daily Star in Dhaka recently.

1w ago

Import of manmade fibre surges amid rising demand

Imports of manmade fibre (MMF), such as polyester staple fibre (PSF) and viscose staple fibre (VSF), are surging in Bangladesh due to higher demand from local garment makers and exporters.

1w ago

Share responsibility in ensuring sustainability

Water consumption for manufacturing denim fabrics has reduced significantly in Bangladesh as local producers now use highly efficient technology, according to market players.

1w ago

Govt gets down to signing trade pact with Japan

Both Bangladesh and Japan have begun negotiating the terms and conditions of a joint feasibility study in order to prepare the ground for signing a free trade agreement by 2025, officials said.  

2w ago

Unions for Tk 23,000 minimum wage for RMG sector

The first meeting of a newly formed wage board for garment workers is scheduled to be held on May 24 on a proposal of major trade unions for offering workers a minimum monthly payment of Tk 23,000.

2w ago

Incentives planned for 12 sectors

The government will continue to provide incentives to 12 sectors as an alternative to direct cash support on export receipts with a view to helping exporters tackle potential challenges in the post-LDC era, a top official said yesterday.

3w ago

Bangladesh retains second position in RMG export to EU

Bangladesh retained second position in apparel shipments to the European Union (EU) in the first two months of the current year with a 22.75 per cent share of the trade bloc’s overall garment imports, according to data from EUROSTAT.

3w ago

Merchandise export earnings dip 16.52% in April

Export earnings declined 16.52 per cent year-on-year to $3.95 billion in April as the shipment of garments, the key export item, dipped owing to a reduced purchasing capacity of consumers in the western countries amid persistently higher inflation.

3w ago

Economic pressure deepens as export, remittance dip

Exports and remittances, two major sources of foreign currencies for Bangladesh, plunged in April, a bad omen for the economy as it deals with multiple challenges, including a dollar crisis, an elevated level of import costs and falling reserves. 

3w ago

Sudan conflict won’t impact cotton import

An ongoing conflict in Sudan will not have any major impact on Bangladesh’s import of cotton from the country as it accounts for a very small part of the import and there are some alternative African sources for local importers, spinners and millers.

Export diversification still in slow lane

Bangladesh’s plans aimed at diversifying export baskets are yet to bring about the expected results as the priority sectors are not enjoying most of the benefits promised in the Export Policy for 2021-24, according to entrepreneurs. 

Safety compliances still a far cry

Workplace safety in the RMG sector improved to a great extent. However, the safety and compliance in the non-RMG sectors are yet to improve as per the standards of the garment sector.

Capital machinery imports keep falling

Bangladesh’s import of capital machinery has continued its falling trend as banks have remained cautious in financing purchases amid the dollar crisis while entrepreneurs showed reluctance to expand owing to slowing domestic and export sales. 

BTMA demands drives against sales of illegally imported yarn

Bangladesh Textile Mills Association (BTMA), a platform of primary textile millers, yesterday urged the National Board of Revenue (NBR) to enhance monitoring in markets across the country against the sale of illegally imported yarn. 

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Two panels formed to start Cepa talks with India

The commerce ministry has formed two separate committees to start negotiations with India over signing a proposed Comprehensive Economic Partnership Agreement (Cepa) to boost bilateral trade and investment in the post-LDC period. 

An inspiration like none other

It is said that a successful South Asian entrepreneur is able to run business anywhere in the world as they have the skills to overcome multifaceted barriers in almost every step of the entrepreneurial journey. 

Rokia Afzal Rahman was a visionary business leader: MCCI chief

The foresightedness of Rokia Afzal Rahman was unparallel

Bangladesh yet to utilise Japan’s China Plus One policy

In 2008, the Japanese government announced the “China Plus One” policy, focusing on relocating its sunset industries from China to other countries.

Export earnings drop after four months

Export earnings dropped for the first time in five months in March because of a slowdown in the global economy following the severe impacts of the Russia-Ukraine war and Covid-19, official figures showed yesterday.

Bangladesh reiterates demand for extension of benefits

Bangladesh has again demanded that the European Union (EU) extend its trade facilities meant for least developed countries (LDC) for six more years instead of three years to ensure the country’s smooth graduation to a developing nation.  

RMG export orders fall up to 40%

The inflow of work orders from international clothing retailers and brands to Bangladesh has slowed because of the persistently higher cost of living in the western world and a pile-up of apparel stocks at stores.

Yarn sale falls despite Eid and Pahela Baishakh

The sale of yarn for making the fabrics for domestic market has fallen in the peak season of Eid-ul-Fitr and Pahela Baishakh because of high prices of some basic commodities and for the high cost of living for consumers.

BGMEA again calls for duty-free access

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) recently relaunched an initiative seeking duty-free access to the US market for apparels made from American cotton.

Bangladesh now a hub for making winter jackets

Bangladesh has gradually turned into a major manufacturing hub for winter jackets as work orders are mainly shifting away from China due to higher production costs and a shortage of skilled workers in the country.

Bangladesh looking to stay competitive after LDC graduation

The government will soon find an alternative for cash subsidies on export so that local exporters can remain competitive even after Bangladesh graduates from the list of least developed countries (LDCs) in 2026, according to experts.

67% RMG export earnings come from 10 items

About 68 per cent of Bangladesh’s annual export earnings from apparels is still confined to just 10 items, indicating that product diversification in the industry is yet to reach expected levels even after a journey of four-and-a-half decades.

World’s best green factory now in Bangladesh

Bangladesh now not only has the most green garment factories but yesterday also became home to a textile factory which scored the highest rating of United Stated Green Building Council. 

Bangladesh now home to world’s best green factory

Green Textile Limited Unit 4, a joint concern of Epic Group and Envoy Legacy of Bangladesh, scored 104 out of 110, highest in the globe

Fabrics market swells on rising consumption

Rising per capita income, stricter anti-smuggling measures and the production of value-added apparel items have catapulted Bangladesh’s annual yarn and fabrics sales to $9 billion

Textile, machinery market growing fast in Bangladesh

Bangladesh has become one of the important hotspots for textile and garment machinery amidst the quest of entrepreneurs to improve productivity and cater to orders of apparel shifting from other countries.

Green factories brighten image of apparel sector

Bangladesh’s apparel industry has witnessed numerous ups and downs ever since the deadly fire at the Tazreen Fashions factory in Ashulia and collapse of Rana Plaza in Savar about a decade ago.

Export earnings defy hard times

Despite the persisting volatility in the global economy and higher  consumer prices in the western markets, Bangladesh’s merchandise shipment grew 5.89 per cent year-on-year to $5.13 billion in January, official data showed yesterday.

Dollar crisis puts textile millers in a tight spot

The ongoing dollar shortage in the banking sector is posing a threat to local textile millers and spinners as they are in trouble in opening letters of credit (LCs) to import raw materials and cotton to feed the country’s readymade garment industry. 

Import of Ramadan essentials: If needed, use forex reserves

The commerce ministry has asked Bangladesh Bank to take all necessary measures to ensure smooth import of six essentials ahead of the coming Ramadan.

Can Bangladesh overtake China to be EU’s biggest apparel source?

Bangladesh is poised to become the source of most of the European Union’s (EU) apparel as China, the largest apparel supplier worldwide, is witnessing a decrease in its share of trade with the bloc. 

RMG export to Russia drops sharply

Even a year ago before the start of the Russia-Ukraine war, Rajiv Chowdhury, managing director of Young4ever Textiles, used to ship T-shirts and polo shirts worth $1 million to Russia as the market was opening up for local exporters. 

Bangladesh wants MIGA-backed loans at 4% max

Bangladesh plans to pay a maximum of 4 per cent in the interest rate and commissions against the loans to be guaranteed by the Multilateral Investment Guarantee Agency (MIGA), said officials of the commerce ministry yesterday.

Bangladesh retains 2nd place in RMG export to EU

Apparel shipments to the European Union (EU) grew 41.76 per cent year-on-year to hit $19.40 billion in the January-October period of 2022, according to data from Eurostat, the statistics department of the EU.

Asia comes to RMG exporters’ aid amid slowdown in EU, US

Amidst the slowdown in garment shipment to the European Union and the United States owing to persistently higher inflation, the Asian markets are emerging as the saviour for the apparel exporters from Bangladesh.  

Bangladesh misses out on using textile scraps in full

Spinners in Bangladesh are facing a shortage of waste cotton and textile scraps since a major portion of them is shipped abroad amid higher demand for recycled yarns and fabrics worldwide. 

RMG export growth slows in US, EU for global uncertainty

The growth of garment shipment to the US and the European Union declined in July-December as consumers in the two largest export destinations of Bangladesh have remained concerned about the persisting economic uncertainty for the raging Russia-Ukraine war.  

Investment in RMG accessories slows

The flow of fresh investments in the garment accessories segment slowed in the last two years mainly for the severe fallout of Covid-19, the Russia-Ukraine war, and the US dollar crisis. 

Narrow gap in dollar buy- sale rates

Apparel exporters have demanded that the government fast narrow down the gap between the rates at which the US dollar is bought and sold, citing that they were incurring losses for volatility in the exchange rate. 

May 29, 2023
May 29, 2023

Stock of unsold yarn piles up as demand drops

Stocks of unsold yarn of local millers have grown to over one million tonnes over the past five months or so for a drop in demand for garments from the domestic and international consumers.

May 25, 2023
May 25, 2023

Bangladesh leaps to top position in RMG export to EU in volume

Bangladesh secured the top position in garment shipments to the European Union during the January-March period, overtaking China in terms of quantity, as retailers in the trade bloc have started diversifying their sources to reduce overdependence.

May 23, 2023
May 23, 2023

USTR inquires about labour situation

Visiting officials of the United States Trade Representative (USTR) yesterday sought the views of union leaders from different economic sectors on the labour situation in Bangladesh across six major areas.

May 21, 2023
May 21, 2023

GE plans big for Bangladesh

US industrial giant General Electric has been doing business in Bangladesh since 1970 and plans to go for bigger investments to tap immense business potential as demand for electricity is on the rise in the country. Jeffrey Goldmeer, global hydrogen value chain leader for GE Power, talked about his company’s journey in Bangladesh, current business, and future plans during an interview with The Daily Star in Dhaka recently.

May 18, 2023
May 18, 2023

Import of manmade fibre surges amid rising demand

Imports of manmade fibre (MMF), such as polyester staple fibre (PSF) and viscose staple fibre (VSF), are surging in Bangladesh due to higher demand from local garment makers and exporters.

May 17, 2023
May 17, 2023

Share responsibility in ensuring sustainability

Water consumption for manufacturing denim fabrics has reduced significantly in Bangladesh as local producers now use highly efficient technology, according to market players.

May 15, 2023
May 15, 2023

Govt gets down to signing trade pact with Japan

Both Bangladesh and Japan have begun negotiating the terms and conditions of a joint feasibility study in order to prepare the ground for signing a free trade agreement by 2025, officials said.  

May 9, 2023
May 9, 2023

Unions for Tk 23,000 minimum wage for RMG sector

The first meeting of a newly formed wage board for garment workers is scheduled to be held on May 24 on a proposal of major trade unions for offering workers a minimum monthly payment of Tk 23,000.

May 8, 2023
May 8, 2023

Incentives planned for 12 sectors

The government will continue to provide incentives to 12 sectors as an alternative to direct cash support on export receipts with a view to helping exporters tackle potential challenges in the post-LDC era, a top official said yesterday.

May 4, 2023
May 4, 2023

Bangladesh retains second position in RMG export to EU

Bangladesh retained second position in apparel shipments to the European Union (EU) in the first two months of the current year with a 22.75 per cent share of the trade bloc’s overall garment imports, according to data from EUROSTAT.