The cost of transporting goods via lighter vessels is expected to rise following the re-establishment of a controlling structure by the Department of Shipping, raising concerns among ship owners and importers about potential syndicate dominance, as per reports.
Latest News
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A group of garment workers staged a demonstration on the Dhaka-Aricha highway in Ashulia, blocking the road for over two hours in a call for a wage increase and other demands, as per reports.
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Trade Data
Mosaic Brands leaves 22 Bangladeshi RMG exporters in financial bind over US $ 20 million dues
Bangladeshi apparel exporters are facing significant financial distress as Australian retailer Mosaic Brands Ltd has failed to settle dues amounting to nearly US $ 20 million for apparel products, reports claim.
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In a pivotal move to combat rising inflation, the central bank of Bangladesh has raised its policy interest rate by 50 basis points, bringing it to 10 per cent effective 27th October 2024, as per reports.
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Sustainability
Fashion brands reportedly under fire for failing to protect workers’ rights in Bangladesh
Major fashion brands, including H&M and Zara, are facing mounting criticism for their inaction in safeguarding the basic rights of garment workers in Bangladesh, according to the Clean Clothes Campaign (CCC).
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Faruque Hassan has been officially appointed as the new Chairman of the Board of Trustees at the BGMEA University of Fashion & Technology (BUFT), reports claim.