Approximately 1,150 small, non-bonded garment factories in Bangladesh are facing potential closure as they struggle to secure back-to-back letters of credit (LCs) and access raw materials.
Business News
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A recent value-added tax (VAT) rise on apparel, which was a component of a larger tax hike impacting a number of goods and services, has apparently been reversed by the Government in response to massive protests.
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Envoy Textiles Limited, a prominent denim manufacturer from Bangladesh and the first company in the world to achieve LEED certification for denim production is set to open a business office in the United States.
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In order to propose changes to the current labour laws, leaders of labour unions met and argued for lowering the threshold for union formation from 20 per cent of workers to simply 20 per cent of signatories.
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To improve cooperation in education, research, and professional development, Blucheez Outfitters, a cutting-edge fashion company, and the Asian University for Women (AUW) have signed a Memorandum of Understanding (MoU).
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Five individuals were injured during a violent confrontation between two factions of the Bangladesh Nationalist Party (BNP) over jhut trading at Windy Apparels Limited in Gazipur on Thursday.
