Production in the textile mills in some areas in Savar, Narayanganj, Dhamrai, Manikganj, Gazipur and Chattogram areas has been affecting severely due to shortage of gas supply in the industrial units.

Around 84 per cent of garment workers are concerned about the current situation of Covid-19 in Bangladesh, according to a survey by the South Asian Network on Economic Modeling (Sanem) released yesterday.

Around 84 per cent of the garment workers are concerned about the current state of Covid-19 in Bangladesh, according to a survey revealed today.

Local  apparel makers have sought fair prices from their US buyers and urged  the US government to cut tariffs on garment items sourced from  Bangladesh.

The garment makers have urged the US buyers for fair prices and reduction in tariff for apparel products from Bangladesh.

The Insurance Development and Regulatory Authority (IDRA) has taken up an initiative to make all industries and factories adopt group insurance, made mandatory in the Bangladesh labour law, against the backdrop of recent tragedies in the industrial sector.

Industries Minister Nurul Majid Mahmud Humayun has called upon the Russian entrepreneurs to invest in different sectors, including fertilizer, cement, leather and shipbuilding industries, in the country.

Small jute mills of Rangpur division in the country’s northwest have resumed production after remaining shut for several months as raw jute prices soared after last year’s harvests and for the pandemic-induced business losses.

Structural reforms are needed for easy loan disbursement for the Cottage, Micro, Small and Medium Enterprises (CMSMEs), speakers said at a webinar today.

The flow of work orders to the garment industry is rebounding strongly on the back of the reopening of stores of retailers and brands in Europe and the US, the two main export destinations for the apparel manufacturers in Bangladesh.

The spinning industry in Bangladesh is witnessing massive investment as local entrepreneurs are either expanding their production capacities or setting up new units as the demand for garment raw materials is rising.

The SME Foundation will disburse 30 per cent of the Tk 200-crore incentive package to the small and medium entrepreneurs run by women to recoup the losses of Covid-induced fallout.

US factory activity continued to expand in August but manufacturers struggled with ongoing supply chain snarls while employment contracted again, according to an industry survey released Wednesday.

Nasir Glass Industries has been accused of evading Tk 11.22 crore in value-added tax payment in a case filed by the VAT Audit, Intelligence and Investigation Directorate (VAIID).

Mitsubishi Motors yesterday signed a memorandum of understanding (MoU) to conduct a feasibility study on establishing a production unit in Bangladesh by 2025 as the Japanese multinational automotive manufacturer looks to expand its footprint in South Asia.

Mitsubishi Motors Corporation (MMC), a renowned automotive manufacturer of Japan, has taken steps to conduct a feasibility study to establish an automobile assembly plant in Bangladesh.

Bangladesh will face severe competition in garment shipment to the European Union (EU) once it makes the United Nations status graduation from a least developed to a developing nation, a noted economist said yesterday.

The government has allocated less incentive than India, Thailand, and Malaysia in the Small and Medium Enterprises (SMEs) sector to help them overcome the losses caused by the Covid-19 pandemic, according to a report of SME Foundation revealed today.

The Bangladesh Small and Cottage Industries Corporation (BSCIC) has sought a Tk 1,000 crore stimulus package from the government to disburse loans for the development and expansion of the cottage industry and SMEs.

Two decades past its establishment, the Jamdani industrial estate is plagued with multifaceted problems and is nowhere near living up to expectations.