Trump’s high tariffs on China may lower edible oil prices globally: importers
The Trump Administration’s imposition of high tariffs on goods made in China may help to reduce the price of soybean seeds and edible oil in Bangladesh, traders and importers said..China’s retaliatory tariffs may also discourage Chinese importers from buying US goods, they added. .If
1w ago
With Trump’s win, Bangladesh gets more investment queries from China
Chinese entrepreneurs are increasingly inquiring with Bangladeshi businesses over scope for factory relocations, joint ventures and fresh investments, apprehending that the new Trump administration might further hike tariffs on their exports to the US.
1w ago
Why does labour unrest drag on?
Following the political changeover on August 5, the country’s main export-earnings sector, the garments industry, witnessed a large-scale and drawn-out spell of labour unrest in industrial belts such as Savar, Gazipur, Ashulia, Zirabo and Zirani.
1w ago
Wage arrears a bane for RMG protesters
Delayed salary payment from a handful of RMG factory owners triggered the latest bout of labour unrest
1w ago
Bangladesh to amend labour law by March next year
Bangladesh has committed to amending its labour law by March next year to align it with international standards and meet the 18-point demand raised by workers in September this year.
2w ago
‘Business-friendly environment remains elusive’
A congenial business environment is yet to be restored under the interim government, said Tapan Chowdhury, managing director of Square Pharmaceuticals.
2w ago
What does Trump 2.0 mean for businesses in Bangladesh?
For local business communities, Donald Trump’s victory in the presidential race has been shorthand for the expectation that Western apparel orders and some foreign investments would shift to Bangladesh, with global fashion powerhouse China possibly facing higher import tariffs from the US.
2w ago
Denim demand rebounds gradually: experts
The demand outlook for locally made denim garments is gradually improving as Western economies rebound, local and foreign businessmen said yesterday.
2w ago
September 29, 2024
Progress slow in signing preferential trade deals with trading partners
There has been little progress regarding the signing of preferential trade deals by Bangladesh with major trading partners amidst the change in government following the anti-discrimination movement in July.
September 27, 2024
Apparel exporters go into overdrive to meet deadlines
Garment exporters have gone into manufacturing overdrive to recover from continual production disruptions over the past three months due to nationwide protests and curfews, the fallout from the ouster of the previous government, and the recent spell of labour unrest at major industrial belts.
September 21, 2024
Unrest emerges as a new threat to RMG recovery
The number of apparel work orders received by Bangladeshi companies from international retailers and brands for the autumn and winter seasons of 2025 dropped by nearly 10 percent compared to the past due to major shocks from the nationwide student movement and labour unrest in major industrial belts over the past two and half months.
September 20, 2024
Bangladesh not exporting hilsa to India this year
Bangladesh will not export hilsa fish to India on the occasion of Durga Puja in October, according to a top commerce ministry official, discontinuing a long-standing tradition of the country as a “goodwill gesture” to its neighbour.
September 19, 2024
American trade platforms demand reforms to protect labour rights
The American Apparel & Footwear Association (AAFA) and Fair Labor Association (FLA) have urged the interim government of Bangladesh to take critical and long-lasting steps towards reforms for furthering worker rights of international standards. .The AAFA is an American trade association re
September 19, 2024
30 RMG factories still closed
A total of 30 garment factories in different industrial zones across Bangladesh, especially Ashulia, stayed closed yesterday as safety concerns remained following the recent unrest.
September 18, 2024
Most RMG units return to normalcy
Normalcy returned to most factories on the outskirts of Dhaka as labour unrest eased and most workers returned to their factories yesterday. .Garment factories in the Ashulia, Zirabo and Zirani areas have been reopening since Sunday..Of the 407 garment factories in these areas, 392
September 16, 2024
Almost all Savar, Gazipur garment factories resume
Nearly all of the roughly 407 garment factories situated in the Ashulia area under Savar upazila and Zirabo and Zirani areas under Gazipur were operational yesterday after security measures were beefed up centring labour unrests.
September 13, 2024
Deeper crisis feared as 219 factories shut
With 219 garment factories shut in Ashulia yesterday amid worker unrest along the industrial belts, Bangladesh’s apparel sector is feared to get into a deeper crisis if production does not resume on Saturday after the weekend.
September 12, 2024
Workers’ minimum wage to be reviewed
In an effort to bring normalcy back to the industries, the government will review the workers’ wage through the minimum wage board, the interim government has decided.
X