Businessmen in the country’s apparel sector are not happy with the proposed tax at source in the national budget for 2015-16 fiscal.
At a press conference at the office of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) at Karwan Bazar in the city on Friday, they feared increasing tax at source would hinder the natural growth of the country’s readymade sector.
They also alleged that the proposed budget has not been garment-sector-friendly and demanded withdrawal of the proposed tax at source.
In his budget proposal on Thursday, finance minister AMA Muhith proposed an increase of tax at source from 0.3 to 1 per cent in the sector.
BGMEA president Atiqul Islam read out a written statement at the press conference organised jointly by the BGMEA, Bangladesh Kni...
Two garment factories in Bangladesh on Thursday became the first to be declared safe under a scheme set up to prevent a repeat of one of the world’s worst industrial disasters.
The owners of the plants on the outskirts of the capital Dhaka have implemented all the measures needed to make them safe for
workers, according to the Accord on Fire and Building Safety in Bangladesh.
The Accord is a grouping of around 200 European retailers including H&M, Primark and Tesco that got together to try to improve safety after the collapse of the ...
Bangladesh is aiming to achieve an ambitious rise to $3.5 billion of readymade garments (RMG) exports to Canada by 2021. According to Masud Rahman, chief of the Canada Bangladesh Chamber of Commerce and Industry (CanCham Bangladesh), exports to Canada stood at $1.1 billion in the fiscal year to June 2014, $770 million of
which were ready made garments.
Bangladesh has hopes of hitting an overall target of $50 billion of overseas sales by the end of 2021 as they become a middle income country. Canad...
Bangladesh’s apparel exporters are turning to green building initiatives aiming to get more work orders by impressing the eco-friendly retailers across the globe.
As part of the move, 14 garment factories from Bangladesh have already received Leadership in Energy and Environmental Design (LEED) certification from the United States Green Building Council (USGBC) after confirming their practice of good compliance and environmentally safe procedures.
The LEED certification is a rating system that reviews a factory’s green initiatives such a...
A number of reports and events last week to mark the second anniversary of the Rana Plaza disaster all emphasised that while progress has been made towards a safer garment industry in Bangladesh, some major challenges still lie ahead. A special report on just-style looks at the new concerns and frustrations now coming to the fore for industry executives.
Plans by Italian fashion retailer Benetton Group to double the amount of compensation paid into the Rana Plaza Trust Fund to US$1.6m following an independent assessment by PwC have also been slammed a...
The International Labour Organisation (ILO) has called for greater social dialogue among representatives of government, employers and workers in the Bangladesh ready-made garment sector, highlighting the gains this would bring.
“There are considerable benefits to be gained by both businesses
and workers from enhanced social dialogue which also leads to better industrial relations,” an ILO statement quoted its assistant director general and regional director for Asia and the Pacific Ms Tomoko Nishimoto as saying.
“For employers, an engaged workforce is more l...
