Trade war turning out to be a boon for Bangladesh


  • Business
  • Wednesday, 10 Jul 2019

DHAKA: For the first time in 30 years, Newage Group, a Bangladesh-based garment manufacturer, is sensing an opportunity to sell in the US. And it has President Donald Trump’s battle with China to thank.

Newage, a supplier to Hennes & Mauritz AB, has been doing business with European companies for three decades but is now getting inquiries from Macy’s Inc and Gap Inc, Asif Ibrahim, vice-chairman of Newage Group, said in an interview.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Ringgit ends lower on firmer US dollar index
Artroniq sells Penang property for RM1.8mil
Digital banks will not affect traditional banks in Malaysia
Dufu sees rise in global semiconductor sales and memory sector
MICCI, Penang work together to boost competitiveness in semiconductors, ports, trade
VSTECS appointed as the first Amazon Web Services distributor in Malaysia
Apple’s China iPhone shipments soar 12% in March after discounts
KLCI dips on profit taking, stays firmly above 1,600 level
Contentious content
Swedish central bank lowers key rate, sees two more cuts this year

Others Also Read