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85% Bangladeshi workers sans minimum wage laws, rights experts claim

Labour rights experts, labour leaders pointed out Bangladesh has no legal framework to set minimum wages for more than 85 per cent of workers, employees across various sectors,. ....

Bangladesh , Bangladesh-bureau-of-statistics , Bangladesh-bureau , News-desk , Latest-textile-news , Extile-industry-news , Extile-business-updates , Extile-accessories-news , Extile-association-organization-news , Lobal-carpet-news , Hemical-dyes-news

Bangladesh Bank mulls ditching SMART formula, in line with IMF advice

The central bank plans to ditch SMART formula used currently to fix interest rate on loans, in line with prescription of International Monetary Fund (IMF) that has proposed. ....

Dhaka , Bangladesh , International-monetary-fund , World-bank , Bangladesh-bank , Six-months-moving-average-rate , News-desk , Latest-textile-news , Extile-industry-news , Extile-business-updates , Extile-accessories-news

China's logistics sector grows 5.9% in Q1 2024

China s logistics sector grew by 5.9 per cent to 88 trillion yuan ($12.4 trillion) in Q1, according to the China Federation of Logistics and Purchasing.
The growth, which. ....

China , Chinese , China-federation-of-logistics , China-federation , News-desk , Latest-textile-news , Extile-industry-news , Extile-business-updates , Extile-accessories-news , Extile-association-organization-news , Lobal-carpet-news

Euro area seasonally-adjusted Mar unemployment rate 6.5%; 6% for EU

The euro area seasonally-adjusted March unemployment rate was 6.5 per cent stable compared with the February figure and down from 6.6 per cent in March 2023.
The EU rate. ....

European-union , News-desk , Latest-textile-news , Extile-industry-news , Extile-business-updates , Extile-accessories-news , Extile-association-organization-news , Lobal-carpet-news , Hemical-dyes-news , Lothing-industry-news , Lothing-company-news

Global GDP to grow 3.1% in 2024: OECD

The global economy is projected to grow at a steady pace of 3.1 per cent in 2024 and 3.2 per cent in 2025, as per the OECD.
Challenges like tight monetary conditions impact. ....

Japan , China , Mathias-cormann , Organization-for-economic-cooperation , Economic-cooperation , General-mathias , News-desk , Latest-textile-news , Extile-industry-news , Extile-business-updates , Extile-accessories-news , Extile-association-organization-news