Bangladesh’s dependence on US soybeans growing
Bangladesh’s dependence on the US for soybeans has been increasing, particularly after the outbreak of the Russia-Ukraine war, with local traders, millers and conglomerates diversifying their sourcing for uninterrupted supply of edible oil and animal feed.
20 August 2024, 18:00 PM
Economists outline top priorities for new finance adviser
The priorities of newly appointed finance adviser Salehuddin Ahmed should be to make key financial institutions functional immediately, control inflation, and present accurate data on exports, imports, GDP and important economic indicators, economists said.
10 August 2024, 18:00 PM
Almost all RMG factories reopen
Almost all garment and textile mills have reopened after staying in limbo for four days as fears of vandalism and arson gripped the nation, industry leaders said yesterday.
8 August 2024, 18:00 PM
200 members call for reshuffle of BGMEA board
More than 200 garment exporters yesterday submitted a memorandum to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), seeking significant reforms within the trade body.
7 August 2024, 18:00 PM
Garment factories to reopen today
Garment factory owners yesterday decided to reopen their production units from today to ensure timely shipments as they are facing pressure from international clothing retailers and brands.
6 August 2024, 18:00 PM
RMG exporters expect new vigour in business
Garment exporters are expecting a strong recovery in exports and business as normalcy is being gradually restored with the changing political scenario.
5 August 2024, 18:00 PM
BGMEA to sit at 7.30pm to decide on factory reopening
The executive committee members of the trade body will took part in the meeting
5 August 2024, 12:50 PM
Garment factories shut down for indefinite period
Out of fear of vandalism and subsequent losses amid the current spell of violence, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday instructed all the factory owners to keep their units shut until further notice.
4 August 2024, 18:00 PM
Deepening political crisis adds to RMG woes
The deepening political crisis in the country has exacerbated the woes of apparel industry, with exporters facing difficulties in operating factories, shipping goods, and booking work orders.
3 August 2024, 18:00 PM
EU halts Dhaka talks. Is it a bad omen?
The European Union’s (EU) postponement of the first round of negotiations with Bangladesh on a new agreement will impact trade, investment and development cooperation with the country’s largest trading partner..“In light of the prevailing situation, the first round of negotiations on the P
1 August 2024, 16:32 PM
RMG factories resort to weekend production to minimise loss
The garment and textile millers kept factories open on last Friday in an effort to meet the sharp deadline set by their international retailers, as the latest weeklong countrywide violence ate up four vital days of their peak production season.
27 July 2024, 18:00 PM
RMG exporters in a race against time to offset losses
Local apparel exporters are in a frantic race to recover the losses they incurred during the latest spell of violence centring the quota reform movement and nationwide curfew, with international retailers and brands pressuring them to ensure timely delivery of goods.
25 July 2024, 18:00 PM
Garment sector reeling from shutdown
DBL Group, a leading garment exporter, usually ships apparel worth around $50 million each month.
24 July 2024, 18:00 PM
Let factories run, restore internet
Production and shipments are dependent on strict lead times set by international clothing retailers and brands, yet the factories have had to be kept shut for the past three days
23 July 2024, 15:05 PM
Garment sector's losses piling up as factories remain shut
Garment factories kept production suspended on July 20 and decided to keep the units closed on July 21 as well considering the safety of the workers and the factories amid ongoing countrywide violence and curfew imposed by the government
23 July 2024, 14:57 PM
Let factories run, restore internet
Garment exporters yesterday demanded that the government keep the sector out of the purview of the ongoing curfew and fast restore internet services for the resumption of production as soon as possible.
21 July 2024, 18:00 PM
Cargo piles up at HSIA as C&F agents observe strike for 3 days
Nearly 1,500 tonnes of cargo have been stockpiled at the Hazrat Shahjalal International Airport (HSIA) in Dhaka over the past three days due to a strike called by clearing and forwarding (C&F) agents.
16 July 2024, 18:00 PM
Will there be any uptick in investment after PM’s China visit?
There was an expectation that investment inflows from China to Bangladesh would increase substantially following the Covid-19 pandemic as investors in China were looking for an alternative manufacturing hub.
13 July 2024, 18:00 PM
Bangladesh moves to put export data system in order
The government has initiated moves to correct the system to calculate national data in oder to avoid the repetition of the shock after the central bank reported a massive statistical mismatch linked to exports.
8 July 2024, 18:00 PM
EPB delays releasing export data after mismatch shock
The Export Promotion Bureau (EPB) is taking more time than it usually does to release the export data for June apparently because of the shock following the central bank’s correction of overseas sales figures.
6 July 2024, 18:00 PM