Highest ever export earnings in May
Bangladesh raked in $3.81 billion in exports in May, the highest single month receipts in history, riding on the higher shipment of apparels, official data showed yesterday.
10 June 2019, 18:00 PM
Tk 100cr fund for budding entrepreneurs
The government is set to create a Tk 100 crore fund for start-ups as it looks to alleviate youth unemployment, which is progressively becoming an albatross for the country.
10 June 2019, 18:00 PM
Gloom looms over Dhaka for lack of foresight
Tougher competition in global trade awaits Bangladesh from next year when a mega trade deal among countries accounting for over 39 percent of the global GDP is scheduled to come into effect, sans Dhaka.
9 June 2019, 18:00 PM
Cash incentive inadequate
The government’s proposal to increase cash incentive by one percentage point for exporters is insufficient to jumpstart shipments from many sectors, said leaders of different trade bodies.
8 June 2019, 18:00 PM
Import of knitted fabrics on the rise
Import of knitted fabrics is spiralling thanks to the growing tendency of the Western retailers to demand the use of fabric from a
3 June 2019, 18:00 PM
Most garment workers get bonus, salary
All BGMEA member factories have given Eid bonuses to their workers, while about 90 percent have paid the salary for the month of
2 June 2019, 18:00 PM
China RMG factories may shift to Bangladesh
Some Chinese garment makers want to set up factories under joint venture in Bangladesh as they see the country as a competitive destination to relocate plants amid raging US-China trade war and the rising cost in the world’s second largest economy.
1 June 2019, 18:00 PM
Capital market, real estate to get a shot in the arm
The government is likely to take several steps for reviving the capital market and the real estate sector, including a cut in tax for flat purchase, in next fiscal year’s budget.
30 May 2019, 18:00 PM
Japanese investors call for easing trade barriers
Japanese investors have called for removal of trade barriers to Bangladesh as they ponder over parking in more funds in the country, according to a leader of the Japan-Bangladesh chamber.
29 May 2019, 18:00 PM
Bangladesh has highest number of green garment factories
Ten more garment factories received the top billing from the United States Green Building Council (USGBC) to take the total to 24, the highest in the world, in a heartening development for Bangladesh’s apparel sector, whose image has been battered by incidents of industrial accidents.
25 May 2019, 18:00 PM
Bangladeshi apparel makers paid one of the lowest prices in the world
Bangladeshi garment makers received one of the lowest prices in the world last year due to a lack of value-added apparel items, lack of negotiation skills, and image crisis.
Among the garment trading nations in the world, Bangladeshi garment items were paid $2.79 per unit or per square metre equivalent
22 May 2019, 18:00 PM
14 mega projects to get Tk 45,140cr in new dev budget
The government has allocated almost one-fourth of the development budget for fiscal 2019-20 to 14 mega projects with a view to
21 May 2019, 18:00 PM
Apparel export to US thrives on trade war
Apparel exports to the US, Bangladesh’s single largest export destination, jumped 15.57 percent to $1.63 billion in the first three months of the year, which the exporters and experts attributed to the ongoing trade war between the US and China.
Ready made garments was not in the list of the items
18 May 2019, 18:00 PM
Bangladesh now depends less on India for cotton
African nations have surpassed India to become the largest source of cotton for Bangladesh as local spinners and millers look to cut down their dependence on a single source for their vital raw material.
13 May 2019, 18:00 PM
Denim prospects brighten
Global consumption of denim fabric increased at a compound annual growth rate of 4.77 percent between 2012 and 2016 because of
11 May 2019, 18:00 PM
Exports fetch $3b in April
Exports grew 2.69 percent year-on-year to $3.03 billion in April riding mainly on the higher shipment of apparel items, official data showed yesterday.
Last month’s receipts, however, fell short of the government’s monthly target of $3.08 billion by 1.52 percent.
9 May 2019, 18:18 PM
Garment exports to US up 10pc
Garment exports to the US increased 10.10 percent year-on-year to $1.08 billion in the first two months of the year, with the shipments expected to grow exponentially if 25 percent duty on Chinese imports comes into effect.
7 May 2019, 18:00 PM
RMG notably safer now: ILO
Bangladesh has made impressive strides in making workplace safe in the garment sector in recent years as factory owners strengthened safety as per proposals of international brands and retailers, said union leaders, analysts, the ILO, and entrepreneurs.
23 April 2019, 18:00 PM
Apparel should have minimum price
Bangladesh needs to set a base price for garment items to ensure proper rates from international retailers and brands for all
20 April 2019, 18:00 PM
BGMEA seeks more time to relocate HQ
The Bangladesh Garment Manufac-turers and Exporters Association (BGMEA) has sought more time from courts to relocate its
13 April 2019, 18:00 PM