Beximco Limited has sought Tk400 crore in cash credit (CC) – short-term financing – from state-owned Janata Bank to cover operating expenses, along with the opportunity to open back-to-back letters of ...
Tens of thousands of workers from 16 apparel factories lost their jobs in December after Beximco's crushing debt left it unable to open new lines of credit or fulfill orders.
Keya Cosmetics has announced the permanent closure of four factories under its textile division, effective from 1 May this year, citing severe financial difficulties. As a result, around 8,000 workers ...