IPO of Kattali Textile in Bangladesh gets approval

2018/07 05 05:07

The Bangladesh Securities and Exchange Commission (BSEC) recently approved Kattali Textile Limited’s (KTL’s) initial public offering (IPO) prospectus to raise Tk 34 crore. KTL will offload 34 million ordinary shares at a fixed price of Tk 10 each. The money will be utilised to purchase capital machinery, repay bank loans, install an electric transformer and […]

Dhaka seeks help from developed nations to expand exports

2018/07 05 05:07

Bangladesh is looking for new markets to boost its exports, according to commerce minister Tofail Ahmed, who is hopeful of developed countries continuing their cooperation in that regard as the country graduates from the least developed countries (LDC) group. Ahmed was speaking at a workshop on garment and footwear products of Bangladesh in Brussels recently. […]

US wants Bangladesh to diversify export base: Envoy

2018/07 05 05:07

The United States wants to see Bangladesh diversify its export base and capture more global market share, said US ambassador to the latter Marcia Bernicat. Urging Dhaka to boost the agri-business, pharmaceuticals and information technology sectors, she said no economy should depend on one commodity. She was interacting with diplomatic correspondents in Dhaka. To tap […]

Minimum wage board for Bangla RMG sector going slow

2018/07 05 05:07

The minimum wage board in Bangladesh for reviewing wages in the readymade garments (RMG) industry has met only once in four and a half months since it was formed and is slow in making recommendations. While the workers’ representative on the board has blamed owners for the delay, the owners’ representative has attributed the delay […]

Intertek introduces training courses for textile sector

2018/06 07 14:06

Courtesy: Intertek Intertek, a leading total quality assurance provider to industries, jointly with the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), has introduced the fifth collection of training courses under the Skills for Employment Investment Programme (SEIP), designed by the Bangladesh government to support the apparel and textile sector. The apparel and textile sector is […]

Bangladesh’s RMG sector much safer now: US ambassador

2018/06 07 14:06

Bangladesh’s RMG sector is much safer than in 2013 when the Rana Plaza disaster occurred, said US ambassador Marcia Bernicat. She added that Bangladesh has made progress on workplace safety, especially with the support of buyer-led initiatives like the Accord and the Alliance, and it must do a better job at marketing the dramatic improvements. […]

Resource centre to enhance Bangladesh RMG’s union capacity

2018/06 07 14:06

A Workers Resource Centre (WRC) which aims to build the capacity of trade unions in the Bangladesh RMG sector was recently launched in Dhaka. A joint platform between the National Coordination Committee on Workers Education (NCCWE) and the IndustriALL Bangladesh Council (IBC), it will help unions operate effectively and provide better services to members. The […]

Better Buying & ETI support responsible buying of garments

2018/06 07 14:06

Courtesy: Ethical Trade Initiative Better Buying and the Ethical Trading Initiative (ETI), a leading alliance of companies, trade unions, and NGOs that promotes respect for workers’ rights, have joined hands to promote responsible buying practices within garment industry supply chains. Better Buying is a unique system for suppliers to communicate with their buyers about purchasing […]

BIDA’s Europe trip to showcase a different Bangladesh

2018/04 22 05:04

The Bangladesh Investment Development Authority (BIDA) is taking a large delegation of businessmen and officials to Brussels and the Netherlands to showcase what the country can offer to the Europe. The focus has changed from telling other countries what we need to conveying what our country can offer, according to BIDA executive chairman Kazi M […]