Tag: Popular BusinessEconomy News
Export-oriented apparel factories to run as usual from Sunday
By complying with the instructions of the Directorate General of Health Services (DGHS) and Institute of Epidemiology, Disease Control and Research (IEDCR) effectively, factory...
Survey: 91% buyers refuse to pay production costs
Suppliers in the survey reported that 98.1% of buyers refused to contribute to the cost of paying the partial wages to temporarily suspended workers
Over...
Coronavirus deals leather sector a hammer blow
Leather goods and footwear exporters have faced export order cancellation of $200 million, while the crushed leather exporters have seen another $53 million cancellation
Exporters...
Covid-19: Sanem proposes 2-yr recovery plan
The recovery plan is aimed at taking the economy back to the December 2019 state
Dr Selim Raihan, executive director of South Asian Network on...
BUILD: Create Tk50,000cr fund
This fund will extend loans with no interest with extended installment payment with a starting grace period of 3 months
The Business Initiative Leading Development...
Coronavirus: $4.45bn apparel export orders cancelled
According to the BGMEA, a total of 1,082 apparel makers have faced order cancellations of 932.63 million pieces worth $2.95 billion as of Wednesday
Bangladesh,...
Local fashion industry fears Tk2,000cr loss
Typically, 25% of the yearly turnover comes from the sale of Pohela Boishakh, but this year the occasion was suspended due to the outbreak...
Exporters may seek another bailout
Tk5,000cr stimulus barely enough to pay one month’s salaries of workers, employees in export-focused industries
The bailout package of Tk5,000 crore can meet only one...
Increase tax on tobacco, says ATMA
The organization made the calls in its budget proposals for the upcoming 2020-2021 fiscal year
The Anti-Tobacco Media Alliance (ATMA) on Sunday urged the government...
Coronavirus fallout: H&M suspends sourcing apparel goods
Given the constantly changing situation and the uncertainty, the brand said they wanted to be clear and transparent towards their garment suppliers
H&M, a Swedish...