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RMG drove $*.** billion (+**.**% YoY), with knitwear at $*.** billion and woven at $*.** billion (EPB). But unit economics are tightening. The Tk **,*** minimum wage, in force since December **** with a mandated * per cent annual increment, has lifted the floor wage ** per cent from the **** base. BERC’s April **** industrial gas decision left existing users at Tk **/cm but raised new-connection industrial tariffs ** per cent to Tk **/cm and new captive power to Tk **/cm, a capex deterrent for greenfield capacity. Bangladesh Bank’s gross reserves stood near $**.** billion (BPM*: $**.** billion) on April **, ****, supported by record March remittances of $*.** billion, but the central bank had to publicly reject taka-devaluation speculation on April *. With roughly *,*** audited active BGMEA members and about *.* million workers, marginal-cost competitiveness against Vietnam and Cambodia is narrowing.

