Month: July 2018

Footwear piques Chinese firms

Chinese companies are keen on exploring Bangladesh’s leather and footwear market, seeking to draw investors and have a share of the flourishing sector. A total of 40 Chinese companies are showcasing leather and footwear manufacturing machinery, accessories and various kinds of intermediate products and ornamental accessories at a fair that kicked off in the capital…

Stocks close week down

Stocks finished the week down on Thursday with falling trend of all major price indices at Dhaka and Chittagong Stock Exchanges due to lower demand. The broader DSEX of the DSE finished the week with 32.25 points down at 5,305.17.The blue-chip DS30 and the Shariah DSES also followed the same trend with 13.96 points down…

Obey the laws to prevent child labour

State Minister for Labour and Employment Mujibul Haque Chunnu yesterday urged people to abide by laws and policies related to eradicating child labour and protecting the rights of domestic workers. “Many are not interested in learning about the laws and obeying them,” said Mujibul, urging people to change such mind-set. The government formulated Domestic Workers…

Leather exports dip as Savar facilities found wanting

Exports of leather and leather products fell significantly in the financial year 2017–18 (July–June) compared to the previous fiscal year (2016–17) due to forced relocation of tanneries to the Savar Tannery Complex, which is not yet fully functional, say tannery owners. According to the Export Promotion Bureau (EPB), the sector registered a slightly negative growth…

Toxic tanneries forced to move pollute new Bangladesh site

Bangladesh tanneries prepping leather for shoes, belts, wallets and purses are dumping toxic chemicals into a river at a new industrial complex more than a year after the government shut them down for poisoning a different river and using child labor.…

Leather export earnings suffer 12% drop

Of the total earnings from leather in FY18, the Export Promotion Bureau (EPB) calculated that leather products earned $336.8 million – a year-on-year fall of 27% – even if leather footwear bucked the downward trend, growing by over 5% to $565.6 million in the last fiscal year. Bangladesh’s export earnings from leather suffered a huge…

Bay’s leather park eyes $25m Chinese fund

Chinese companies are likely to invest Tk 200 crore ($25 million) at the Bay’s planned leather and footwear industrial park in the Mirsarai Economic Zone in Chittagong. According to Bay Group, 18 leather and footwear makers based in China are interested to make the investment in order to produce leather goods and footwear. The investment…