Apparel shipment to US takes a nosedive
Bangladesh’s garment export to the United States fell 23.33 percent year-on-year to $5.77 billion in January-September owing to a demand slowdown in the world’s largest economy and the piling up of stocks.
9 November 2023, 01:02 AM
Building a collective dream
He could have fulfilled the dream of his student life of becoming a civil engineer or a doctor. He had even prepared for it, retaining both mathematics and biology in his array of subjects for the intermediate level of education.
7 November 2023, 18:00 PM
Cotton, yarn imports plunge
Bangladesh’s cotton and yarn imports nosedived in the first nine months of 2023 as falling demand in the global and local markets, erratic gas supply and the US dollar crisis weighed on textile milers.
6 November 2023, 00:53 AM
BGMEA urges owners to keep factories open from November 4
The BGMEA made the call through a letter
2 November 2023, 16:19 PM
Blockade could dent supply chain, economy
The economy, which is already reeling under the pressure owing to persisting volatility in the foreign exchange market and higher inflation, is set to face another major setback as the nationwide blockade could disrupt the smooth operation of the entire supply chain.
31 October 2023, 01:56 AM
WTO extension could yield multiple perks beyond 2026: experts
The World Trade Organisation’s (WTO) decision to continue LDC-linked trade benefits for graduating least-developed countries will not only help Bangladesh avoid potential export losses for several years beyond 2026 but also allow it to attract much-needed investments, experts said.
31 October 2023, 01:56 AM
Garment makers owe spinners more than $376m
In a letter to Bangladesh Bank and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), the Bangladesh Textile Mills Association (BTMA) yesterday said garment exporters owe more than $376 million to its members.
29 October 2023, 18:00 PM
Bangladesh to question India's countervailing duty on jute
Bangladesh is going to defend its position and question India’s logic in imposing countervailing duty (CVD) on jute and jute goods from Bangladesh to India, said Senior Commerce Secretary Tapan Kanti Ghosh yesterday.
28 October 2023, 18:01 PM
Bangladesh to question India’s countervailing duty on jute
Bangladesh is going to defend its position and question India’s logic in imposing countervailing duty (CVD) on jute and jute goods from Bangladesh to India, said Senior Commerce Secretary Tapan Kanti Ghosh yesterday.
28 October 2023, 18:00 PM
Gas shortage taking toll on textile millers
Primary textile millers want adequate gas supply in their factories as nearly 40 percent of their production capacity is currently unutilised due to low pressure of gas, the price of which increased by nearly 100 percent in February this year.
28 October 2023, 18:00 PM
Egg imports held up for paperwork
The import of eggs has been held up because of the delay in getting the negative avian influenza certification from a competent authority.
24 October 2023, 18:00 PM
LDC graduation: Bangladesh to get duty benefits beyond 2026
Bangladesh is set to enjoy duty-free market access beyond its graduation from the least-developed country bracket in November 2026 after the World Trade Organisation yesterday decided to extend support measures for graduating countries.
23 October 2023, 18:00 PM
Small garment units in a tight spot
Small and medium-sized garment factories in Bangladesh are finding it increasingly difficult to keep their heads above water amid the rising cost of production and a fall in work orders from international clothing retailers and brands.
23 October 2023, 18:00 PM
Spinners left in the lurch
Many garment makers in Bangladesh are not honouring their primary contracts for buying yarn from local spinners as work orders from abroad have decreased amid volatility in the global economy.
22 October 2023, 18:00 PM
Nations should liberalise trade: ICC chair
Countries, including Bangladesh, should open up and liberalise their economies as it has been proven with sufficient data that countries which have done so have grown economically.
18 October 2023, 17:39 PM
Export to Russia rebounds on alternative measures
It was thought that the shipment of garment items to Russia would come to a standstill because of the outbreak of the war with neighbouring Ukraine since February 24 in 2022.
16 October 2023, 17:52 PM
Exporters unable to fully benefit from taka devaluation
Exporters in Bangladesh are unable to take the full benefit of the devaluation of the taka against the US dollar amid ongoing inflationary pressure and rising production costs, according to industry people.
9 October 2023, 02:00 AM
Third terminal to open new horizon for overseas trade
The third terminal at the Hazrat Shahjalal International Airport (HSIA) will open a new horizon in handling and air shipment of goods as the new facility is expected to improve the capacity of the cargo village.
7 October 2023, 19:32 PM
No cheer from export and remittance
The strain on dollar stockpile intensified last month after remittance inflows crashed to a 41-month low and export receipts missed target.
1 October 2023, 18:00 PM
Export earnings up over 10% in September
It hit $4.31 billion in September
1 October 2023, 13:10 PM