Is the $41b export target a mountain too high amid pandemic?
Aiming high is always a welcome attribute. But, sometimes, in its quest, one ends up setting targets so high that it just seems hopeless.
16 July 2020, 18:00 PM
Orders are finally trickling in, but garment factories are still reaching out for the axe
One has got to feel for the garment workers. Despite the availability of low-cost loans to pay wages, repeated requests from the labour ministry and a recent uptick in work orders from international buyers, they are getting the chop.
13 July 2020, 18:00 PM
Promising Asian markets could revive export earnings, say analysts
The promising growth in export earnings seen at three Asian markets during the previous fiscal year has come to a halt following the coronavirus outbreak.
9 July 2020, 18:00 PM
Garment work orders coming back slowly
With the reopening of outlets of major clothing retailers and brands in the EU and US, the inflow of work orders at local garment factories has been on the rise, albeit on a limited scale.
8 July 2020, 18:00 PM
Shift focus to Asia to boost exports
Apart from the traditional markets like Europe and the US, Bangladesh should focus more on the Asian markets to revive export earnings during the time of the pandemic, said Mustafizur Rahman, a distinguished fellow of the Centre for Policy Dialogue (CPD).
7 July 2020, 18:00 PM
Remodel business plans to revive exports: experts
With a slump in demand for commodities among the Western consumers, Bangladesh needs to remodel its business plans to revive exports in the time of Covid-19, which has severely affected the global economy, economists said.
6 July 2020, 18:00 PM
Merchandise export earnings dip 16.93pc
Earnings from merchandise exports in the immediate past fiscal year fell 16.93 percent year on year to $33.67billion because of Covid-19 that affected production and slowed demand for commodities.
6 July 2020, 05:14 AM
There will be rebound of apparel shipment to US. But it will be slow and steady.
Bangladesh’s garment exporters expect a slow rebound of shipment to the US market, the country’s single largest export destination, this year as American buyers have been consumed by a confidence deficit amid an economic meltdown lurking round the corner.
5 July 2020, 18:00 PM
Primary textile sector still deprived of bailout funds
The primary textile sector is yet to receive funding from the government’s Tk 30,000 crore stimulus package, despite being in dire straits due to the ongoing coronavirus pandemic.
4 July 2020, 18:00 PM
RMG export to US declines by 12.5% in first five months of 2020
Garment exports to the US -- Bangladesh’s single largest apparel export destination -- has declined by 12.50 percent year on year to 2.32 billion USD between January and May in 2020, according to the latest US OTEXA data.
4 July 2020, 17:40 PM
Pandemic downs garment shipments to a decade-low
The unprecedented coronavirus pandemic has put a scar in apparel shipments as earnings from the country’s main export item in the immediate past fiscal year fell significantly compared to anytime in the past decade.
2 July 2020, 18:00 PM
PPE exports bring a glimmer of hope to heavy-hearted garment sector
Personal Protective Equipment (PPE), such as face masks and surgical gowns, has become another major export of Bangladesh’s garment sector as global demand for such products increased exponentially due to the ongoing coronavirus pandemic.
1 July 2020, 18:00 PM
Heavy is the heart of the business community
He did not stop just by reaching the pinnacle of businesses in Bangladesh through unparalleled dedication, hard-work and extraordinary ethics that brought him adulation at home and abroad.
1 July 2020, 18:00 PM
Tanners in a capital crunch, seek Tk 600cr
Tanneries are suffering from a capital shortage following a drop in sales amid the ongoing coronavirus pandemic, and subsequently, the country’s rawhide business has been severely impacted, according to the Bangladesh Tanners Association (BTA).
29 June 2020, 18:00 PM
The elusive quest for VAT automation
Much has been said about the modernisation and automation of the value-added tax system in Bangladesh over the last decade. Yet, the automation of the VAT administration is halfway, although the project’s tenure is supposed to come to its end this year.
29 June 2020, 18:00 PM
Bangladesh seeks extension of EU trade benefits even after LDC graduation
Bangladesh wants the EU to continue providing the current zero duty benefit even after its graduation to a developing country as the Covid-19 pandemic is taking a heavy toll on the south Asian nation’s economy.
28 June 2020, 18:00 PM
Supply chains slowly returning to normal: WTO
Although global trade has been thoroughly battered by the ongoing coronavirus pandemic, the World Trade Organisation (WTO) believes the worst could be over as supply chains are slowly returning to normal due to rising demand.
24 June 2020, 18:00 PM
Stop terminating garment workers amid pandemic: Labour ministry tells owners
The labour ministry has once again asked garment factory owners not to terminate workers amid the Covid-19 pandemic.
22 June 2020, 17:18 PM
Frozen food exporters demand cut in corporate tax
Exporters of frozen food products, especially shrimp, have demanded that the government reduce corporate tax from 32.5 per cent to 15 per cent in the proposed national budget to help the sector recover from a significant fall in international sales.
20 June 2020, 18:00 PM
Bangladesh, Bhutan to sign preferential trade deal
Bangladesh and Bhutan on Tuesday finalised the terms and conditions for signing a preferential trade agreement (PTA) to increase bilateral trade.
17 June 2020, 18:00 PM