FBCCI for Swiss investment in ICT, RMG, Pharma sectors

President of Federation of Bangladesh Chambers of Commerce and Industry Annisul Huq has called upon the business community of Switzerland to invest in Bangladesh’s potential sectors especially ICT, RMG and Pharmaceuticals. The chief of the country’s apex trade body made this call while speaking at a meeting with business leaders of Switzerland at the conference room of Chamber of Commerce, Industry and Services of Geneva (CCISG) yesterday, said a FBCCI press release on Sunday.

Key RMG players shift to automated systems

Leading readymade garment (RMG) manufacturers are shifting to automated production systems from the traditional ones to be more competitive in global apparel business, said industry insiders.

Impact of global recession to continue throughout 2009 in BD: BGMEA

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) leaders said the global financial crisis has already started to impact apparel industry and the very gloomy forecast for the apparel market will continue at least for the year 2009.

Many apparel makers keen to join foreign partners despite BGMEA opposition

An increasing number of Bangladeshi garment manufacturers are joining hands with foreign textile groups to introduce new management technique and a high-value growth strategy.

Move to get tariff cut on RMG export to Russia

A move is continuing to get tariff concession in readymade garment export to Russia with a view to increasing export in these days of tough global economic stringency.

Government fears militant attacks on RMG factories

New Age: The government has alerted its intelligence agencies and local administrations against possible attacks on garment factories, said a junior minister.

RMG training fund remains unused for 4 years

The government is yet to begin providing training to garment workers for improving their skill, utilising an endowment fund, four years after it had been pledged to face the challenge of quota-free textile regime.

RMG businessmen demand bailout

The trade body for readymade garment sector has demanded a government financial support package for the survival of the industry, as foreign buyers now offer at least 17 percent less price for Bangladesh's RMG products because of the ongoing global recession.

BGMEA President Anwa-Ul-Alam Chowdhury Parvez raised this demand at an impromptu press conference in Dhaka yesterday.

Recession starts affecting local economy though slowly

Knitwear exporters oppose devaluation of Taka, seek cash incentive

The global recession has lately started affecting the country's economy though slowly leaving signals that it would continue to hammer at least for sometime.

Road crashes kill 5, injure 50 RMG workers

At least five people were killed and 50 garment workers injured in separate road accidents in Chittagong and Laxmipur yesterday.