Prime Textile News Today

Listed apparel companies in Bangladesh struggled to capitalise on the massive devaluation of the local currency against the US dollar in fiscal year (FY) 2022-23 due to a hike in gas and electricity prices, and fuel and raw material costs.

India: Andhra Pradesh port workers protest privatisation; Bangladeshi garment workers protest retrenchment and unpaid wages; Australia: Thales military manufacturing workers for higher pay.

Most listed apparel makers log profit despite sluggish sales Spinning companies were in a better position in the July-December period. Star/file Two-thirds listed apparel companies either made a higher profit or managed to stay in the black in July to December despite sluggish sales, reflecting the recovery for the most export-earning sector in Bangladesh. Of the 44 garment companies listed with the Dhaka Stock Exchange, 14 firms took home more profit in the first half of the fiscal year compa...