Dhaka | Dhaka City | Bangladeshi News
Dhaka | Dhaka City | Bangladeshi News
The major sources of foreign exchange earnings are exports, remittances and foreign investments or loans. A strong inflow of export earnings and remittances helps ease the crisis of foreign exchange reserves. In December, inward remittances reached US$2.63 billion, an increase of 32.54 percent compared to December 2023. Bangladesh has been grappling with the dollar crisis […]
The report described the death of Shahidul Islam, president of the Bangladesh Garment and Industrial Workers Federation (BGIWF) in the Ghazipur district committee, as an example of repression. In June 2023, he was murdered while trying to secure unpaid wages for workers. That same year, at least four garment workers have died during protests around […]
RMG workers demonstrated in Jorun area of Konabari in Ghazipur city on Monday morning demanding payment of dues, Eid bonus and annual earned leave money. Workers of Keya Knit Composite Limited started protesting by blocking the Konabari-Kashimpur regional road at around 6 in the morning. The spinning factory named Keya Knit Composite Limited is located […]
Bangladesh is the third largest exporter after China and Vietnam. China exported finished garments worth $1.41 billion in January 2024 – down 2 percent from the same period last year. Exports from Vietnam fell 4.76 percent to $1.20 billion. After Bangladesh, India and Indonesia come next. India exported $350 million worth of RMG products to […]
One of the USITC commissioners asked whether the average work efficiency and production power of Bangladeshi workers was higher than that of Cambodia. He asked whether workers could produce comparatively more products despite having lower wages than Cambodian workers. Farooq Hasan replied, “It is not possible for me to say whether Bangladeshi workers are more […]
Sheikh HM Mustafiz, managing director of Cute Dress Industries, informed Prothom Alo that purchase orders from the United States are increasing along with an increase in orders from Canada and South America. Last year, demand for readymade garments declined, leading to fewer purchase orders due to high stocks of goods in various US warehouses. However, […]
Exporters say the global economy is going through stress due to the coronavirus pandemic, followed by the Russia-Ukraine war and the Hamas-Israel war. Demand for various products including readymade garments has decreased. In these difficult times, the size of the Export Development Fund (EDF) was reduced last year. The cost of business is continuously increasing. […]
“The achievement of new markets is a positive side, but it is limited to two or three markets,” Khondaker Golam Moazzam, research director at the Center for Policy Dialogue (CPD), told Prothom Alo. We highlighted data and statistics on 15 potential markets in a research in 2010, and we are performing better in the markets […]
Since the issue of denial of fair wages and benefits to readymade garment workers of Bangladesh is widely discussed at the international level, it is extremely important to look into the matter as to why workers are not paid as per the new pay scale and make adjustments. But why are they dissatisfied? Of grade. […]
China remains the top apparel exporter to the US market. In 11 months of last year, China’s textile exports declined by 25.85 percent to $15.22 billion. Vietnam, the second top exporter, exported textiles worth $13.18 billion, a decline of 22.68 percent. Bangladesh is the third top exporter in this market, with a market share of […]
Before the initial proposal, leaders of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) held a meeting where the ordinary members expressed their ability to pay minimum wage of Taka 12,000. There would have been a different scenario if the apex body of apparel exporters had proposed the same figure during initial talks with workers. However, […]
The letter said, “We urge you to help stop exploitation against the Bangladeshi workers who have fueled the growth and profits of your businesses, and in support of the democratic, inclusive values that we share as a nation. I cherish.” The letter was signed by Ilhan Omar, James P. McGovern, Jan Schakowsky, Raul M. Grijalva, […]
Somewhat echoing the voice of factory owners on labor rights issues, Amirul Haq, president of labor coalition body Industrial Bangladesh Council (IBC), said there have been several talks on restrictions recently. “However, we want to make it clear that the country is not in such a bad position to face sanctions. Labor standards have improved […]
