Economic pressure deepens as export, remittance dip
Exports and remittances, two major sources of foreign currencies for Bangladesh, plunged in April, a bad omen for the economy as it deals with multiple challenges, including a dollar crisis, an elevated level of import costs and falling reserves.
3 May 2023, 02:00 AM
Sudan conflict won’t impact cotton import
An ongoing conflict in Sudan will not have any major impact on Bangladesh’s import of cotton from the country as it accounts for a very small part of the import and there are some alternative African sources for local importers, spinners and millers.
28 April 2023, 02:30 AM
Export diversification still in slow lane
Bangladesh’s plans aimed at diversifying export baskets are yet to bring about the expected results as the priority sectors are not enjoying most of the benefits promised in the Export Policy for 2021-24, according to entrepreneurs.
27 April 2023, 02:00 AM
Safety compliances still a far cry
Workplace safety in the RMG sector improved to a great extent. However, the safety and compliance in the non-RMG sectors are yet to improve as per the standards of the garment sector.
25 April 2023, 18:00 PM
Capital machinery imports keep falling
Bangladesh’s import of capital machinery has continued its falling trend as banks have remained cautious in financing purchases amid the dollar crisis while entrepreneurs showed reluctance to expand owing to slowing domestic and export sales.
18 April 2023, 02:00 AM
BTMA demands drives against sales of illegally imported yarn
Bangladesh Textile Mills Association (BTMA), a platform of primary textile millers, yesterday urged the National Board of Revenue (NBR) to enhance monitoring in markets across the country against the sale of illegally imported yarn.
10 April 2023, 02:30 AM
Shop smarter this Eid
Looking to make the most of your Eid travel experience while also keeping costs in check?
8 April 2023, 18:00 PM
Two panels formed to start Cepa talks with India
The commerce ministry has formed two separate committees to start negotiations with India over signing a proposed Comprehensive Economic Partnership Agreement (Cepa) to boost bilateral trade and investment in the post-LDC period.
7 April 2023, 04:00 AM
An inspiration like none other
It is said that a successful South Asian entrepreneur is able to run business anywhere in the world as they have the skills to overcome multifaceted barriers in almost every step of the entrepreneurial journey.
6 April 2023, 02:00 AM
A mentor of women entrepreneurs: business leaders
Humility was her other name
5 April 2023, 11:59 AM
Rokia Afzal Rahman was a visionary business leader: MCCI chief
The foresightedness of Rokia Afzal Rahman was unparallel
5 April 2023, 09:54 AM
Bangladesh yet to utilise Japan’s China Plus One policy
In 2008, the Japanese government announced the “China Plus One” policy, focusing on relocating its sunset industries from China to other countries.
5 April 2023, 02:30 AM
Export earnings drop after four months
Export earnings dropped for the first time in five months in March because of a slowdown in the global economy following the severe impacts of the Russia-Ukraine war and Covid-19, official figures showed yesterday.
3 April 2023, 02:00 AM
Bangladesh reiterates demand for extension of benefits
Bangladesh has again demanded that the European Union (EU) extend its trade facilities meant for least developed countries (LDC) for six more years instead of three years to ensure the country’s smooth graduation to a developing nation.
31 March 2023, 03:00 AM
RMG export orders fall up to 40%
The inflow of work orders from international clothing retailers and brands to Bangladesh has slowed because of the persistently higher cost of living in the western world and a pile-up of apparel stocks at stores.
29 March 2023, 02:00 AM
Yarn sale falls despite Eid and Pahela Baishakh
The sale of yarn for making the fabrics for domestic market has fallen in the peak season of Eid-ul-Fitr and Pahela Baishakh because of high prices of some basic commodities and for the high cost of living for consumers.
28 March 2023, 02:00 AM
BGMEA again calls for duty-free access
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) recently relaunched an initiative seeking duty-free access to the US market for apparels made from American cotton.
26 March 2023, 02:30 AM
Bangladesh now a hub for making winter jackets
Bangladesh has gradually turned into a major manufacturing hub for winter jackets as work orders are mainly shifting away from China due to higher production costs and a shortage of skilled workers in the country.
22 March 2023, 02:00 AM
Bangladesh looking to stay competitive after LDC graduation
The government will soon find an alternative for cash subsidies on export so that local exporters can remain competitive even after Bangladesh graduates from the list of least developed countries (LDCs) in 2026, according to experts.
21 March 2023, 03:30 AM
67% RMG export earnings come from 10 items
About 68 per cent of Bangladesh’s annual export earnings from apparels is still confined to just 10 items, indicating that product diversification in the industry is yet to reach expected levels even after a journey of four-and-a-half decades.
20 March 2023, 02:30 AM