PGIL reported consolidated revenue of Rs. 1,228 crore (US $ 140 million) for Q1 FY '26, up 16.6% year-on-year, marking its fifth consecutive quarter of delivering over Rs. 1,000 crore (US $ 114 million) in revenue.
Business News
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In addition to raising prices, 57% of companies plan to cut expenses elsewhere in response to tariff concerns, and 45% are thinking about reducing their operations or leaving high-tariff areas completely.
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Bangladesh’s readymade garment (RMG) sector recorded a 15% decrease in net exports during the April-June quarter of FY '25, primarily due to uncertainties stemming from US tariff announcements, a nationwide strike by the National Board of Revenue (NBR), India’s restrictions on land-port RMG imports, and sluggish global demand.
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Bangladesh’s economic activity accelerated in July, with the country's Purchasing Managers' Index (PMI) reaching a high of 61.5, an increase of 8.4 points from the previous month, according to recent data released on 7th August.
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Chittagong port, Bangladesh’s primary gateway for international trade, is facing severe congestion caused by an excessive accumulation of empty containers, surpassing its storage capacity and disrupting port operations.
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Bangladesh’s ready-made garment (RMG) sector is poised to benefit from recent US trade policies, as the United States imposes significant tariffs on Indian and Chinese goods, opening new avenues for Bangladeshi exporters and investors.
