Manufacturing News

The suspensions have raised fresh concerns about continuity of supply for international apparel buyers that depend on Bangladesh’s garment exports, which form a major part of the global clothing supply chain.

Knitwear exports slipped slightly in the early months of the current fiscal year, while woven garments recorded modest growth, pointing to uneven demand and persistent cost pressures rather than a broad-based recovery.

The central bank has decided to set a uniform provisioning rate of 0.50% against all unclassified loans in the short-term agricultural and Cottage, Micro, Small and Medium Enterprises (CMSME) enterprise sectors.

Representatives from both sides, including BGBA officials and senior executives from UCB’s large corporate banking division, held a meeting that signalled strong mutual interest in formalising cooperation.

More than US $ 23 billion has been invested in spinning, weaving and processing capacity, taking utilisation to over 100% for cotton-based knit yarn and around 80% for woven yarn. However, BTMA said conditions have worsened steadily over the past year, with the situation deteriorating sharply in the last three months.

The IBFB welcomed Bangladesh Bank’s circular, which introduced relief measures for businesses facing financial stress. Under the circular, companies seeking to reschedule their loans are required to submit applications by 31st December 2025.