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Listed textile, apparel makers struggle despite taka's fall

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. ....

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Global fashion factories in Bangladesh resigned to slimmer margins ahead of wage hike

Several clothing factory owners in global fashion manufacturing hub Bangladesh are asking clients that include H&M to help them pay for an almost 60% government-mandated hike in wages, well aware that weaker sales might stymie their efforts. Following a week of deadly clashes between garment industry workers and police over… ....

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One killed as Bangladesh garment workers clash with police despite pay raise

Deal includes 56.25pc minimum wage hike, 5pc annual increment, welfare and ration cards ....

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Global fashion factories in Bangladesh resigned to slimmer margins ahead of wage hike

Several clothing factory owners in global fashion manufacturing hub Bangladesh are asking clients that include H&M to help them pay for an almost 60% government-mandated hike in wages, well aware that weaker sales might stymie their efforts. Following a week of deadly clashes between garment industry workers and police over pay, the government on Tuesday said the minimum wage would rise by 56.25% to 12,500 taka ($114) a month from Dec. 1, the first increase in five years. A panel of factory owners, union leaders and officials agreed to the increase unanimously, said Siddiqur Rahman, the owners' representative. ....

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Global fashion factories in Bangladesh resigned to slimmer margins ahead of wage hike - World

DHAKA/NEW DELHI: Several clothing factory owners in global fashion manufacturing hub Bangladesh are asking clients. ....

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