RMG Export
Why RMG exporters chose Maldives shipping route
Bypassing the traditional air shipment routes through India or Bangladesh, garment exporters have found the Maldives to be a cheaper as well as faster route.
Garment exporters prefer cheaper Maldives, bypassing Dhaka, Indian airports
Exporters say the traditional air shipment routes through Dhaka, Kolkata, Colombo or Singapore had either become too expensive or too slow
Bangladesh skips India, reroutes global textile exports through Maldives
Bangladesh, the world’s second-largest garment producer, has opted to bypass India and ship its textiles to global markets through the Maldives, hurting the cargo revenue prospects of India’s airports and ports amid strained bilateral ties, reports Mint.
Exports fell in FY24 for lower woven, knitwear shipments
Bangladesh’s overall exports fell 4.34 percent year-on-year in FY24 due to lower shipments of ready made garments (RMG), reflecting sluggishness in industrial activities and the economy.
Apparel retailers express concern about shipment delay
International clothing retailers and brands yesterday expressed concern about the timely shipment of goods following the latest spell of violence stemming from the quota reform movement, imposition of curfew and five-day internet blackout, which crippled economic activities.
Foreign buyers express concern over timely shipment of RMG
They gave assurance of not seeking any discount or air shipment or cancelling work orders
RMG exporters in a race against time to offset losses
Local apparel exporters are in a frantic race to recover the losses they incurred during the latest spell of violence centring the quota reform movement and nationwide curfew, with international retailers and brands pressuring them to ensure timely delivery of goods.
RMG export to EU rises by 2% in 11 months
$21.64 billion worth of apparels were shipped to the European Union in the Jul-May period this fiscal year
RMG export prices fall up to 16% in last 8 months
International market prices declined mainly because of a fall in demand from end consumers suffering from high inflationary pressure due to the severe fallouts of Covid-19 and Russia-Ukraine war.
Don't let fuel shortage undo RMG success
In recent months, global energy prices have soared, and ready-made garment (RMG) makers in Bangladesh have been feeling its impacts these past few weeks.
Transported via Padma Bridge, garment consignment ships out of Mongla Port
Marking new possibilities, a garment consignment has left Mongla Port. A Panamanian-flagged ship named "Maersk Nesna" left Mongla Port for Poland at 11:30 am today (July 28, 2022).
RMG exports to Russia on decline
The ongoing Russia-Ukraine war has started to have a heavy impact on garment shipments to Russia as export earnings are declining significantly from this promising market for Bangladeshi apparel goods.
Additional 1% cash incentive on garment exports to continue
The additional 1 per cent cash incentive on the export receipts of readymade garments would continue in the next fiscal year as the government looks to boost the shipment of clothing items.
AnonTex riding on BB favours
Bangladesh Bank has given AnonTex, which took more than Tk 5,500 crore from Janata Bank through serious irregularities, a controversial permission to take more loans from other state-owned banks as well, reschedule its loans and valuate its assets afresh to make it look like a healthy company.