BGMEA DAILY DIGEST
News published in media related to RMG: Today’s RMG News

Textile Focus
Made in Bangladesh Week to convene global stakeholders for fostering industry collaboration BGMEA President Faruque Hassan said, “The RMG industry of Bangladesh has come a long way and positioned the country as a preferred choice of global buyers as a safe, green, and ethical hub of apparel sourcing. Building on the success achieved so far, the industry aims to pursue its growth in a sustainable manner to positively impact the environment and make a difference in the lives of people. The Made in Bangladesh Week will be a unique platform to showcase the impressive stories behind the ‘Made in Bangladesh’ tagline while forging collaborations among the stakeholders to ensure Bangladesh remains a preferred destination for global apparel sourcing.”

The Business Insider
Bangladesh negotiating FTAs, PTAs with 5 countries As Bangladesh transits from its least developing status into a developing one, its export sectors would be hit hard because importing nations will charge higher duties and home products will lose competitiveness in the international market. To overcome this challenge, the government is hurrying to ink the Free Trade Agreement (FTA) with as many countries as possible, but currently paperwork and negotiations with five nations, including India are underway, a commerce ministry official said.

The Business Post
‘Bangladesh has made impressive achievements in development, economic growth’ World Bank Vice President for the South Asia Region, Martin Raiser arrives in Dhaka on Monday on his maiden visit to Bangladesh. “Bangladesh has made impressive achievements in development and economic growth. The World Bank is proud to be a partner in this remarkable journey for the past 50 years,” said Raiser on Saturday ahead of his visit to Bangladesh. “As the countries in South Asia grapple with a multitude of shocks from Covid to climate change and rising global inflation, I look forward to learning about Bangladesh’s experience in building resilience,” he added.

The Daily Star
Bangladesh needs to rely less on EU, US markets: Mostafiz Uddin, managing director of Denim Expert Limited. In the coming months and years, I see a huge opportunity for Bangladesh to extend its export reach way beyond the US and EU. By limiting ourselves to these two markets, we are missing out on a whole world of opportunities. We are also leaving ourselves hugely exposed to economic shocks in the Western world. This is an unhealthy situation. As the last few years and the pandemic have shown, nobody can ever be quite sure of how global events might unfold in the future. It pays to hedge your bets as an exporter.

The Financial Express
Drastic production fall of textiles amid gas shortage Production in the country's export-oriented textile mills has drastically fallen due to the ongoing gas supply shortage, the millers said, fearing that it might result in failure to achieve the $60 billion export earnings target set for the current fiscal. On a note of concern, Bangladesh Textile Mills Association (BTMA) said the millers would not be able to meet their administrative costs, including workers' wage and bank-loan installments, if such a situation persists for a longer period.

The Dhaka Tribune
Import bills go down in August The country's import bills dropped to $5.38 billion in August from $6.79 billion a month before, thanks to lower fuel and capital equipment procurement. Fuel oil and capital machinery contributed more than 65% to the $1.41 billion import fall in August, as shown in Bangladesh Bank data.

সমকাল
সেবা রপ্তানিতেও উচ্চ প্রবৃদ্ধি পণ্যের মতো সেবা রপ্তানিও উল্লেখযোগ্য হারে বেড়েছে গত ২০২১-২২ অর্থবছর। আগের অর্থবছরের চেয়ে সেবা খাতে রপ্তানি আয় বেড়েছে প্রায় ৩৫ শতাংশ। লক্ষ্যমাত্রা ছাড়িয়ে রপ্তানি বেশি হয়েছে ১৯ শতাংশের মতো। রপ্তানি হয়েছে মোট ৮৮৯ কোটি ডলারে বিভিন্ন ধরনের সেবা। রপ্তানি উন্নয়ন ব্যুরোর (ইপিবি) হালনাগাদ প্রতিবেদন থেকে এ তথ্য জানা গেছে। সেবা রপ্তানিকারক উদ্যোক্তা ও বাণিজ্য বিশ্নেষকরা মনে করেন, সক্ষমতা ও সম্ভাবনা বিবেচনায় রপ্তানি আরও অনেক বাড়ানোর সুযোগ রয়েছে।

The New Nation
DEPZ to get $25.62m investment in RMG sector Hong Kong-Sri Lanka-Switzerland owned company Ms Gava Private Limited is going to establish a garments manufacturing industry in Dhaka EPZ. This fully foreign-owned company will invest $25.62 million where 3,086 Bangladeshi nationals will get employment opportunities, said a press release. The tri-nation company will produce annually 4.4 million pcs of Jacket, Fleece Jacket, T-Shirt, Polo Shirt, Sweater, Trousers, Coverall, Stretch Pant, Denim Pant, Shorts, Shirt, Sweat-Shirt, Hi-Vis Shirt, and Vest.

বাংলাদেশ প্রতিদিন
বড় ক্ষতির মুখে উন্নয়নশীল দেশ ২০২৩ সালে বৈশ্বিক অর্থনীতি সংকুচিত হবে অন্তত দশমিক ৪ শতাংশ। ১৯৭০ সাল থেকে মন্দা-পরবর্তী পুনরুদ্ধারের পর বৈশ্বিক অর্থনীতি এখন সবচেয়ে মন্থর অবস্থায় রয়েছে বলে তথ্য প্রকাশ করেছে বিশ্বব্যাংক। অর্থাৎ ১৯৭০ সালের পর বৈশ্বিক অর্থনীতি এতটা ধাক্কার সম্মুখীন হয়নি। আগামী বছর যার মুখোমুখি হতে যাচ্ছে বিশ্ব। আসছে বছরের সম্ভাব্য ওই অর্থনৈতিক মন্দায় সবচেয়ে বেশি ক্ষতিগ্রস্ত হবে বিশ্বের উন্নয়নশীল দেশগুলো। এর মধ্যে বাংলাদেশের নামও রয়েছে। বৃহস্পতিবার ‘বিশ্বে কি মন্দা আসন্ন’ শীর্ষক একটি গবেষণা প্রতিবেদন প্রকাশ করেছে বিশ্বব্যাংক।