Impact of 15 Months on Garment Factories
Bangladesh's exportfocused readymade garment industry continues to attract new investments in spite of the country's economic crises, political unrest, and student upheavals.Even though this has led to the creation of new job prospects, many factories have closed simultaneously, which has caused many workers to lose their jobs.
In the 15 months between January of last year and March of this year, 128 factories became new members of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), an association of owners of the ready-made garment industry, according to a trustworthy source. When these factories reach full output, an estimated 74,000 additional employment will be generated.
During this timeframe, 113 member factories of BGMEA have ceased operations, leading to the loss of 96,104 jobs for workers. Notably, since last...
Slow pace of RMG expots to small & new markets
B Mirror Desk: Bangladesh's ready-made garment exports to non-traditional or new markets are increasing. However, the growth rate of ready-made garment exports in new...
BGMEA advocates for a 12% corporate tax rate
B Mirror Desk : The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has demanded that the corporate tax rate for the export-oriented ready-made garment...
Workers’ salary arrears: warns Premier Bank to take strict action
B Mirror Desk: Labour and Employment Adviser M Sakhawat Hossain cautioned Premier Bank yesterday, suggesting that the bank could encounter serious repercussions if it...
RMG exports, which rose by 61% to €1.91 billion in January
BM Desk: Bangladesh's apparel exports to the European Union commenced 2025 with an impressive increase of 60.9%, reaching €1.91 billion in January, compared to...