In anticipation of the two big festivals, Eid-ul-Fitr and the Bengali New Year, shops stocked up on more apparel than they did the previous year, but apparel sales dropped 25-30 per cent, say Chattogram traders.
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The shoe sector in Brahmanbaria is having a dismal Eid season because factories have been having trouble importing polyurethane (PU) chemicals from China, as per reports.
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Bangladesh will ask the World Bank (WB) to continue its technical assistance in export diversification, competitiveness building, investment growth, and trade logistics, report claims.
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In recent months, air exports through Dhaka had increased several-fold, freight rates had doubled and, in some cases, even tripled, to the main destinations for Bangladeshi apparel exports.
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Sustainability
Around 99 per cent garment factories have paid salaries and Eid bonuses to workers, says BGMEA
Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the official trade body of Bangladesh RMG industry said that 99.56 per cent, or 2,220 RMG factories, have already paid Eid-ul-Fitr bonuses to workers.
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Ahead of Eid-ul Fitr, e-commerce payments surge 26 per cent, as per reports.