Bangladesh’s LDC Graduation — Key risks & recommended actions
Bangladesh is scheduled to graduate from Least Developed Country (LDC) status on 24 November 2026, pursuant to the UN General Assembly resolution …
Preparedness for the German Supply Chain Act
On the 11th June 2021 German Parliament (Bundestag) passed a new law, the “Gesetz über die unternehmerischen “Sorgfaltspflichten zur Vermeidung von Menschenrechtsverletzungen in Lieferketten” (Supply Chain Act), which requires large companies to conduct due diligence activities through out entire supply chain, regardless where the products and services originate from. The law obliges these companies to […]
Delays and delivery default risks unavoidable
Sustainability Compact achievements may be categorised in Technical and Legislative achievements. Technical Achievements: Out of more than 7,000 factories, as of March 2017 approximately 1,580 factories have been inspected and 55 terminated by the Accord on Fire and Building Safety in Bangladesh for reasons of workplace safety. The Government of Bangladesh, in collaboration with the ILO […]
Compliant factories in Bangladesh – Intl. collaboration welcome
While constantly reviewing and updating our extensive internal database about Bangladeshi factories, not only in the ready-made garments (RMG) sector but also …
Bangladeshi RMG manufacturers chocking as orders fell by 30%
($1 = 0.7325 pounds; $1 = 0.8315 euros) Bangladeshi Ready-Made-Garment (RMG) manufacturers and related industries are chocking from poor cash flow mainly …
Production at risk as AnnonTex fails rescheduling EUR 374 million default loans
AnonTex Group fails to reschedule it’s defaulted loans amounting BDT 3,742 crore or ca. EUR 374 million as the central bank of …
Top 20 loan defaulters in Bangladesh named
one crore =10 million one EUR = BDT 94.53 The honourable Finance Minister of Bangladesh Mr. AHM Mustafa Kamal informed the parliament …
Workers’ anger in the strategy of the owner
Workers’ lowest grade or 7 grade wages increased to Tk. 2,700 The basic wage is Tk 1,100 Wages for all other grades …
Sourcing from Bangladesh is expected to be 9% higher
Bangladesh is likely to lose about $2.7 billion in export earnings every year once it graduates from the Least Developed Country (LDC) …
Privatisation of government service hinders FDI in Bangladesh
Apparel makers in Bangladesh have long been opposing foreign direct investment (FDI) in the Ready-Made Garments (RMG) sector outside the Bangladesh’s …