Sunday, April 14, 2024

RMG makers want fair price, unified code of conducts

Diplomats for action to ensure workplace safety Diplomats from European countries and USA which are major destinations of the Bangladeshi apparel items on Tuesday said that they wanted to see commitments made by the government and factory owners to ensure workers safety in the readymade garment sector were turned into action to avoid any incidents ... Read more

GSP withdrawal for Bangladesh under consideration: US

Decision on next steps by June The United States on Thursday said withdrawal of Generalised System of Preferences facility for Bangladesh was under consideration and the decision on it would be announced by the end of June. ‘All options remain under consideration, including possible suspension, limitation or withdrawal of GSP benefits,’ said Lewis Karesh, who ... Read more

Export growth to non-traditional markets boost RMG makers

Readymade garment exports to 10 out of 11 non-traditional markets rose significantly in the first half of the current fiscal year, showed Bangladesh Garment Manufacturers and Exporters Association data. The rise in export to new markets like Australia, Japan, Russia and Brazil is an encouraging sign for the entrepreneurs, said manufacturers

H&M boss backs wage hike

H&M, the Swedish retail giant for clothing, yesterday suggested the government should increase wages for garment workers to help improve their living standards. Chief executive of the company Karl-Johan Persson also asked for an annual review of the wages of the workers. He spoke at a press briefing at Radisson Winter Garden Hotel in Dhaka. ... Read more

H&M purchase to double in five years

Swedish retail giant seeks to buy more garments from Bangladesh H&M, the Swedish retail giant for clothing, will double its annual outsourcing volume from Bangladesh to around $3 billion within the next five years. The biggest outsourcing company for Bangladeshi garment items said they get products at competitive prices from the country. Leaders of Bangladesh Garment ... Read more

H&M chief to visit Bangladesh

Karl-Johan Persson, chief executive officer of the Swedish retail chain H&M, is due in Bangladesh tomorrow to attend important meetings with the readymade garment manufacturers and Prime Minister Sheikh Hasina. Three officials from H&M, including the chief financial officer and chief of global marketing, will accompany Persson for the two-day visit, said Siddiqur Rahman, vice-president of ... Read more