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The Financial Express

Search results for: RMG

One-sixth of factories fix flaws, finds Accord

One-sixth of factories fix flaws, finds Accord

MONIRA MUNNI 2020-02-02 10:18:35

Only 273 garment factories out of 1,600 inspected by the western retailers' platform, Accord, have managed to fix the safety hazards found in initial inspection. The Accord on Fire and Building Safet...

Over 500 RMG units get listed as green factories

Over 500 RMG units get listed as green factories

FE REPORT 2020-01-26 10:40:31

More than 500 garment factories in the country have registered themselves for opting green or environment-friendly production facilities, and these units are proceeding towards ensuring long-term sust...

RMG exporters face costly air shipment, discount on bills

RMG exporters face costly air shipment, discount on bills

FE REPORT 2019-12-26 10:44:55

The country's textile and clothing exporters are allegedly facing delays in releasing the imported raw materials from the Chattogram Customs House (CCH) by up to 46 days on different excuses. As a...

Digital frauds target RMG export payments

Digital frauds target RMG export payments

MONIRA MUNNI 2019-12-24 10:35:56

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has asked its member factories to remain alert against fraud emails, seeking transfer of export payments from the buyers. After bein...

Boiler inspection at RMG units may start middle of next year

Boiler inspection at RMG units may start middle of next year

MONIRA MUNNI 2019-12-15 10:50:49

Boiler safety inspection in the country's readymade garment (RMG) factories would start in the middle of next year under the supervision of brands, trade unions and manufacturers, sources said. Earli...

Jhut export on the rise, recycled yarn producers feel the pinch

Jhut export on the rise, recycled yarn producers feel the pinch

ISMAIL HOSSAIN 2019-12-14 10:44:34

Increasing export of jhut or leftover scraps of fabric, a by-product of ready-made garment (RMG) sector has hit the local recycled yarn producers. Earlier, there was a big local market for recycled...

BTMA urges PM to stop duty-free benefit misuse

BTMA urges PM to stop duty-free benefit misuse

Monira Munni 2019-12-11 10:31:32

The country's textile millers have recently sought the Prime Minister's (PM) intervention to stop importing yarn, fabric and other materials through misuse and misdeclaration of duty-free benefit. Th...

Artificial fibre import doubles in five years

Artificial fibre import doubles in five years

MONIRA MUNNI 2019-11-27 11:05:50

Import of manmade fibre (MMF), especially polyester and viscose, has doubled since 2014, showing gradual shifting of the country's RMG industry to use of non-cotton fibre in manufacturing apparel item...

Ralph Lauren resumes sourcing from BD

Ralph Lauren resumes sourcing from BD

MONIRA MUNNI 2019-11-18 10:51:17

Ralph Lauren, one of the world's largest fashion brands, has resumed sourcing from Bangladesh with reopening its office here in Dhaka, sources said. The American company stopped sourcing garment item...

BGMEA seeks slew of measures to remain competitive

BGMEA seeks slew of measures to remain competitive

MONIRA MUNNI 2019-10-27 10:28:03

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has sought at least an additional Tk 2.0 on top of the market-based exchange rate per US dollar. It also demanded several other meas...

Going green to woo foreign buyers

Going green to woo foreign buyers

Monira Munni 2017-11-29 12:00:00

Local apparel makers are banking on green technology heavily in running their factory operation to brighten the image of the readymade garment sector and the country abroad after the recent industrial...

The glooming and booming apparel retailing markets

The glooming and booming apparel retailing markets

Olivier Zieschank 2017-11-29 02:19:58

The world largest companies by market capitalisation in 2006 lost their leading position to the benefit on IT giants in 2017. The traditional industrial heavy weights, such as Exxon Mobile, General...

The link between investor and customer value for RMG companies

The link between investor and customer value for RMG companies

Bill Humphries 2017-11-29 02:12:29

The RMG industry has made a very significant contribution to Bangladesh's national economy by generating foreign exchange earnings and creating employment opportunities that reduce poverty. Various re...

RMG export to the EU: The challenges ahead of Bangladesh

RMG export to the EU: The challenges ahead of Bangladesh

Zillul Hye Razi 2017-11-29 02:05:42

About two years ago, Bangladesh Garments Manufacturers and Exporters Association (BGMEA) had set a goal to increase annual export of readymade garments to 50 billion US dollars by 2021. There is also...

New markets for Bangladesh garments

New markets for Bangladesh garments

Forrest Cookson 2017-11-29 01:54:46

This article describes the unfortunate situation facing Bangladesh garment exporters in gaining access to markets in two key economic allies, India and China. Both countries have very important econo...

Role and importance of efficient accountants in RMG sector

Role and importance of efficient accountants in RMG sector

Fauzia Haque 2017-11-29 01:40:46

Generally, we all say, finance is the heart of any company, but do we believe it wholeheartedly? Maybe the answer is "No". Why? As an argument for such an answer, it may be mentioned that in our count...

A unique platform for the global textile value-chain

A unique platform for the global textile value-chain

Christian Schindler 2017-10-30 00:00:00

The International Textile Manufacturers Federation (ITMF) is one of the oldest non-governmental and non-profit international trade organisations. It was founded in 1904 and comprises members from the...

Ethiopia: A new competitor for Bangladesh RMG export?

Ethiopia: A new competitor for Bangladesh RMG export?

Zillul Hye Razi 2017-10-30 00:00:00

During last few years, a lot of positive reports and studies were published showing Ethiopia becoming a major clothing or apparel source for the EU and US importers. In 2014, one Bangladeshi corporate...

Labour rights better now: BGMEA chief

Labour rights better now: BGMEA chief

Monira Munni 2017-10-30 00:00:00

Labour rights situation in the country's readymade garment sector has improved in recent years thanks to the mid-level managements and workers for reducing their gap, according to BGMEA president Sidd...

Stakeholder mapping, engagement  strategies crucial for RMG industry

Stakeholder mapping, engagement strategies crucial for RMG industry

Shaharbanu Ahmed 2017-10-30 00:00:00

The readymade garment (RMG) industry is the leading sector in Bangladesh in terms of foreign exchange earnings. The sector witnessed on average 16 per cent year-on-year growth since 1990 up to fiscal...

Bangladesh RMG industry needs innovation, but the risks must be managed

Bangladesh RMG industry needs innovation, but the risks must be managed

Bill Humphries 2017-10-30 00:00:00

Bangladesh's position in the RMG industry is based on its bountiful supply of cheap labour and the relatively simple technology needed to establish an RMG enterprise. Foreign investment has been impor...

Are enough actions being taken to ensure safe working conditions in RMG industry?

Are enough actions being taken to ensure safe working conditions in RMG industry?

Labiba Fairooz 2017-10-30 00:00:00

The Readymade Garments (RMG) industry in Bangladesh has been under considerable scrutiny owing to a range of high-profile disasters over the last decade. Overview of RMG Industry in Bangladesh: The h...

The American market for Bangladesh garments

The American market for Bangladesh garments

Forrest Cookson 2017-10-30 00:00:00

The single largest market for "Made in Bangladesh" garments is the United States of America. In 2016, Bangladesh exported US$5.5 billion worth of garments to the US market slightly less than the $5.6...

Inclusive business: Ladder for higher  productivity, better working condition

Inclusive business: Ladder for higher productivity, better working condition

Mehdi Mahbub 2017-10-30 00:00:00

People with special abilities, generally known as persons with disabilities, who constitute 10 per cent of the total population, are very much part of our society. Unfortunately, this huge number of p...

Apparel exports to China, Japan fall

Apparel exports to China, Japan fall

Monira Munni 2017-10-11 10:15:07

Bangladesh's apparel exports to China and Japan -- world's second-and third-largest economies -- fell significantly this fiscal so far as businesses failed to reap benefit of duty-free market access....

The evolution of Bangladesh readymade garment sector

The evolution of Bangladesh readymade garment sector

Forrest Cookson 2017-09-28 00:00:00

The readymade garment sector emerged through the establishment of several thousand factories. The following table gives the distribution of factories according to the employment size. There were 5,000...

Ensuring transparency and accountability

Ensuring transparency and accountability

Zillul Hye Razi 2017-09-28 00:00:00

The launch of a pilot phase for a four-year project in April this year to map the readymade garment (RMG) factories in Bangladesh ushered in a new chapter of accountability and transparency in the cou...

Enterprise-based training: The need of the hour of RMG industry

Enterprise-based training: The need of the hour of RMG industry

Mehdi Mahbub 2017-09-28 00:00:00

The readymade garment (RMG) sector is one of the economic lifelines of the country, but a bottleneck hampers the efficiency and productivity of the industry significantly. It is a hard fact that the i...

Effective communication -- a vital tool for building positive image of RMG sector

Effective communication -- a vital tool for building positive image of RMG sector

Riaz Khan 2017-09-28 00:00:00

The readymade garment (RMG) industry is the leading sector in Bangladesh in terms of foreign exchange earnings. It accounts for 80 per cent of total export earnings. In Bangladesh, 4.4 million people...

Encouraging investment thru' economic zones for rapid economic growth

Encouraging investment thru' economic zones for rapid economic growth

A Z M Azizur Rahman 2017-09-28 00:00:00

Investment is the prime vehicle for a country's overall development and progress, especially in the developing countries like Bangladesh. The contribution of Foreign Direct Investment (FDI) and local...