Tag: BKMEA
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EU trade regulations: risks of sanctions and fines for non-compliance in Bangladesh
The International Business Forum of Bangladesh (IBFB) organized the roundtable, which was attended by Charles Whiteley, EU Ambassador and Head of Delegation to Bangladesh, as the chief guest. The meeting was presided over by IBFB President Humayun Rashid. EU Deputy Chief of Mission, Bernd Spanier delivered the keynote address, while Bangladesh Garment Manufacturers and Exporters…
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Votes for government insiders ‘disappeared’ in leadership year after year
There was no voting in several commodity-based organizations including knitwear industry owners’ organization BKMEA, real estate agents’ organization REHAB and plastic products manufacturers and exporters’ organization BPGME. Even in FBCCI, the apex body of businessmen, no voting took place twice in a row. The last elections were held in July last year. People associated with…
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Government believes in mandate, not conspiracy: Asaduzzaman
Highlighting the efforts of the present government to change the fortunes of the people, he said, “When we took over, the poverty rate was 28 per cent. At present, it is 5 per cent. Insha Allah, it will become zero in 2040. Significant success Will get.” To be achieved in 2030. The literacy rate will…
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Bangladesh’s apparel makers consider rare, expensive airlift for exports
The garment manufacturers, which employ millions of Bangladeshis directly and indirectly, export finished garments to regions including Europe, North America, Japan and Australia. According to industry players, air freight usually costs $8 to $10 per kg. A large European buyer has asked an apparel maker to slash delivery prices by 5% because of delays, an…
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Garment factory not renovated even after 10 years
A decade has passed since Rana Plaza was razed. However, the renovation of the garment factories is not over yet. The work started slowing down after the alliances formed at the initiative of the European buyers left Bangladesh. Accord, a consortium formed at the initiative of the European buyers, left Bangladesh in June 2020. Since…
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With threat of US review looming, Bangladesh scrambling to explain alleged exports of knock-off brand clothing
Hatem, executive president of BKMEA, who attended the meeting, said, “So far, we have not received any complaint from our buyers that Bangladeshi companies are producing and exporting garments with copycat logos of famous brands. ” Hatem said the US trade body had made allegations against some countries, including Bangladesh, last year. Bangladesh is the…
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Big business brings danger to small people
The gas tariff was increased on 18 January. Prime Minister Sheikh Hasina told the national parliament the same day, “If they (businessmen) want uninterrupted gas supply, they will have to pay the price at which the government is buying gas. There is no point in giving subsidies.” Disappointment prevailed among the business leaders after the…
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Bangladesh’s apparel industry fears ‘fall in orders’ after record exports
BGMEA seeks support of buyers Citing high gas, electricity and production costs, the BGMEA sent a letter to foreign buyers and brands seeking assistance. A group of apparel exporters has asked them to relax the conditions for buying clothes and other items from specific companies in their orders. The gas price was last week fixed…
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Recession hits exports hard; destiny grim
Local manufacturers have foresee low expansion in a country’s sell export, together with a attire as great as weave sector, to go upon compartment half a year 2012, as there is no evident pointer of liberation from a second spell of tellurian mercantile downturn which already proposed inspiring traffic of building economies, courtesy insiders say. …