Garment exports to rebound in May as global economy on the mend
Garment export from Bangladesh may witness a strong rebound from May as suppliers are receiving a lot of inquiries from international buyers as the global economy recovers from the severe fallout of the Covid-19 pandemic and the Russia-Ukraine war.
14 February 2024, 01:00 AM
Bangladesh’s major trade bodies join global call for Red Sea safety
Three of Bangladesh’s major trade bodies have joined a global initiative calling on governments to collaborate in ensuring safe passage of commercial vessels over the Red Sea and deter a repeat of last December’s attacks.
11 February 2024, 16:59 PM
Garment exports to US dropped 25% last year
Garment exports to the US, the biggest market for Bangladeshi products, declined by around 25 percent year-on-year to $7.28 billion last year for a slowdown in imports by American fashion retailers and brands due to high inflationary pressure.
10 February 2024, 19:48 PM
Poland saves the day for Bangladesh's garment shipment to Russia
Bangladesh shipped apparel goods worth $650 million to Russia in the financial year of 2020-21 and was tipped soon to be crossing the $1-billion mark in the promising market.
8 February 2024, 01:25 AM
Home textile exports hit by currency volatility, gas crisis
The highly promising home textile sector of Bangladesh is losing its lustre in the export market as the lingering gas crisis, the volatile exchange rate and the higher production cost are forcing many factories to go out of business.
8 February 2024, 01:00 AM
Textile millers seek a way out as gas crisis worsens
Faced with a chronic gas crisis and volatile exchange rates, a number of ailing textile millers are putting their factories up for sale as they are no longer able to contend with losses stemming from dwindling production.
6 February 2024, 00:10 AM
Exports hit record $5.7b in January
The merchandise exports rebounded strongly in January as manufacturers shipped goods worth $5.72 billion, the highest in a single month, which, coupled with a rise in remittances and a fall in imports, could ease pressure on the economy.
4 February 2024, 21:14 PM
Textile machinery sellers expect higher sales in 2024
International textile and garment machinery sellers are optimistic about a rebound in their business in Bangladesh this year as the global clothing supply chain is recovering from the sluggish trend.
2 February 2024, 00:21 AM
Incentive cuts will hurt exports. That’s for the time being
Exporters have expressed disappointment about the government’s sudden cut in cash incentives on the shipment of garments and other export-oriented products
1 February 2024, 01:30 AM
‘India agrees to export sugar, onion’
India has agreed to export 50,000 tonnes of sugar and 20,000 tonnes of onion to Bangladesh before Ramadan, said Ahsanul Islam (Titu), the state minister for commerce.
30 January 2024, 18:00 PM
RMG shipping cost climbs for Red Sea diversion
International clothing retailers and brands are still choosing seaways, instead of air, to carry goods from Bangladesh to Europe although the rerouting of ships away from the Red Sea has increased the freight charge by more than 30 percent and added 15 days to the sailing time.
28 January 2024, 00:14 AM
BGMEA Election: forum panel complains about 429 voters
The Forum panel taking part in the election of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday demanded cancellation of the preliminary voter list and publishing a new one as the tax files of 429 voters could not be found.
24 January 2024, 21:00 PM
Economy to take a beating for acute gas crisis
With industries suffering from the gas crisis, it might cause the consumers higher price concerns
24 January 2024, 01:00 AM
New Development Bank open to financing projects in Bangladesh
NDB has various development projects in consideration depending on the execution capacity of Bangladesh, says vice president Vladimir Kazbekov
23 January 2024, 01:30 AM
Garment exports to US double in five years
Overall apparel shipment rose 3.67% to $47.39 billion in 2023
22 January 2024, 15:27 PM
Lingering Red Sea crisis pushes up trade costs for Bangladesh
The Red Sea crisis is affecting Bangladesh's international trade as costs have increased
17 January 2024, 01:45 AM
Investment rises as Bangladesh conquers the world of denim
Being the top supplier of denim in both the EU and US, local investors are continuing to pour funds to capitalize growth
14 January 2024, 00:45 AM
RMG exports to US continue to decline
Apparel shipments from Bangladesh to the United States have continued its downward trend for the past several months due to slowdown in the sourcing of garment items by American retailers and brands because of higher inflationary pressure.
11 January 2024, 01:00 AM
Who will be new finance, commerce and planning ministers?
Although many ministers in the outgoing cabinet have been able to keep their place in the upcoming one, some big names have been left out.
10 January 2024, 17:15 PM
Bangladesh retains top position in RMG export to UK by volume
While Bangladesh retained top position in garment export to UK, prices still remain one of the lowest
9 January 2024, 18:30 PM