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Build an effective business-friendly environment, garments makers urge BIDA


Build an effective business-friendly environment, garments makers urge BIDA
The leaders of BGMEA and the high-ups of BIDA pose after a meeting today in Dhaka.
Star Business Report
Star Business Report
Garment makers today demanded creating an effective business-friendly environment and improving the ease of doing business to attract more investment in the country, especially in non-cotton or manmade fibre (MMF) based textiles.
Faruque Hassan, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), placed the demand to Md Sirazul Islam, executive chairman of Bangladesh Investment Development Authority (BIDA).
Hassan was leading a delegation of the association in a meeting with the high-ups of BIDA in Dhaka. ....

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25pc garment factories shed jobs despite receiving stimulus: CPD


25pc garment factories shed jobs despite receiving stimulus: CPD
This is breach of conditions as owners agreed while taking the funds that they won’t lay off workers
Star Business Report
Star Business Report
Twenty-five per cent of garment factories that received loans from the taxpayer-backed stimulus package retrenched workers in a breach of conditions, according to a study of the Centre for Policy Dialogue (CPD).
The retrenchment indicates that the stimulus package could not guarantee jobs as many factories terminated workers. The factories had agreed that they would not lay off anybody while availing the stimulus fund.
The government has allocated Tk 10,500 crore to the garment industry as the stimulus package to help them pay wages and allowances to their workers since the crisis hit the country in March last year. ....

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