The National Board of Revenue (NBR) has announced a revision of the Value Added Tax (VAT) on ready-made garments (RMG) in response to widespread public outcry, as per reports.
Business News
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Trade Data
Summit urges Petrobangla to reconsider cancellation of third LNG project amid energy supply concerns
In a significant plea, Summit Group has called on Petrobangla to reconsider its decision to terminate Bangladesh's third floating storage and regasification unit (FSRU) project, citing potential exacerbation of energy insecurity in the country, as per reports.
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Bangladesh Garment Manufacturers and Exporters Association (BGMEA) representatives reportedly met with a high-profile delegation from the American Apparel & Footwear Association (AAFA) and the Fair Labour Association (FLA) to discuss important issues pertaining to workers' rights in the nation's ready-made garment (RMG) industry.
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Manufacturing
Garmon Chemicals and Zaitex forge strategic alliance to enhance denim and garment sector offerings
Kemin Industries' textile auxiliaries company, Garmon Chemicals, has established a strategic alliance with Zaitex, a well-known international supplier that specialises in customised R&D and innovation for the textile sector.
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It has been reported that the owner of Style Craft, a clothing business in Gazipur, has been given seven days to reveal the precise number of workers who were let go and the unpaid salaries they owed.
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Md. Mushfiqur Rahman has been appointed as the new Chairperson of the Small and Medium Enterprises (SME) Foundation, as per reports.
