No visible progress in signing Cepa with India
Bangladesh and India are yet to begin the formal negotiation to sign the Comprehensive Economic Partnership Agreement (Cepa) although nearly two years have passed since both countries agreed to kick off the talks.
30 June 2024, 18:00 PM
Too much reliance on one export item is a major risk: ADB
Bangladesh’s earnings from exports, excluding apparel, grew at a compound annual rate of 7.6 percent over the past three decades or so whereas garments witnessed 14.6 percent growth, which highlights a lack of product diversity, according to a new study yesterday.
29 June 2024, 18:00 PM
LDC exit: A win for the nation, but a loss for trade
Bangladesh’s graduation from the group of least-developed countries (LDCs) to a developing nation in 2026 has become a point of national pride, underlining the substantial economic strides that the country has made.
28 June 2024, 18:00 PM
Ratio of female workers in RMG on the wane
The ratio of female workers in the garments sector is falling rapidly due to automation, lower wages and opportunities than in other sectors and a reluctance among the younger generation to take up the profession.
27 June 2024, 18:00 PM
Leather losing its shine in exports
Rising local value addition, poor compliance with international standards, and buyers shifting to other countries have thwarted exports of leather, which was once among Bangladesh’s three main export items.
20 June 2024, 18:00 PM
Full-scale rawhide trade yet to start
Full-scale rawhide procurement across the country has yet to begin due to rainfall and subsequent delays in animal sacrifices.
19 June 2024, 18:00 PM
Rawhides being sold at low prices
Hide of Tk 1 lakh cow sold at Tk 400
17 June 2024, 12:09 PM
Import duty cut for LDC graduation: Long way to go for readiness
The government has proposed removing and reducing import duties and supplementary duties on 282 products in fiscal year 2024-25 as it continues its efforts to prepare the nation for its graduation out of the Least Developed Country grouping.
9 June 2024, 18:00 PM
Exports slide 16% in May
However, overall shipments grew 2.01 percent to $51.54 billion in July-May, according to data from the Export Promotion Bureau (EPB).
6 June 2024, 00:42 AM
Low gas pressure cuts textile production by 65%
Factories in industrial belts need 15 PSI (pounds per square inch) of gas pressure, but are getting a maximum of 3 PSI
5 June 2024, 12:29 PM
Exports fall 16% in May
Shipments hit $4.07 billion in May, 23.75% lower than the monthly target of $5.33 billion
5 June 2024, 06:17 AM
No end in sight: low-income families reel from stubborn inflation
The Consumer Price Index grew by an average of 9.73 percent in the first 11 months of the current financial year, which was 8.64 percent during the identical period a year prior, data from the Bangladesh Bureau of Statistics showed.
5 June 2024, 00:40 AM
Investment in artificial fibre still low
Investment in manmade fibres in Bangladesh is low as the country has mainly focused on the trade and production of cotton fibre garments over the past five decades.
31 May 2024, 18:00 PM
Manmade Fibre: Bangladesh’s best bet to become top apparel exporter
Having become the world’s second largest source for apparel items after China, Bangladesh is now pushing for the top spot by adding more value-added products to its export basket.
31 May 2024, 18:00 PM
Buyers shift to Delhi airport as higher expenses make Dhaka unattractive
The tariff at the largest airport in Bangladesh is so high that buyers stay competitive even when their goods travel a distance of nearly 1,900 kilometres in trucks from the country to Delhi via Benapole and Petrapole.
31 May 2024, 00:08 AM
Bangladesh, Japan begin formal talks to sign trade deal
Three rounds of meetings of the joint study group were held last year to pave the way for last week’s formal launch of the negotiation.
28 May 2024, 00:45 AM
Shipping cost keeps upward trend as Red Sea Crisis lingers
Shafiur Rahman, regional operations manager of G-Star in Bangladesh, needs to send 6,146 pieces of denim trousers weighing 4,404 kilogrammes from a Gazipur-based garment factory to Amsterdam of the Netherlands.
22 May 2024, 15:57 PM
Local digital marketplace for garments to boost exports
Tech giants like Amazon and Alibaba are generating millions of dollars in revenue from Bangladesh selling garments made locally in the absence of a homegrown digital marketplace capable of engaging in international trade.
20 May 2024, 18:07 PM
Achieving $110b export target by FY27 is difficult
The government’s target of earning $110 billion from exports by the fiscal year of 2026-27 would be difficult to attain because of the persisting challenges in the global and local economies, economists and businesspeople said.
20 May 2024, 01:30 AM
Cash subsidy for exports surges. Only garment yields expected results
The government’s cash incentive against export receipts has soared over the years although many sectors could not make their mark in the global market, bringing in limited results for the government’s diversification initiative.
17 May 2024, 00:00 AM