US continues to be key export market for Bangladeshi apparels
America will continue to be a major export destination for apparel items made in Bangladesh as Washington is working with Dhaka to improve the condition at the factories in the country, said a senior official of the US.
6 November 2022, 03:10 AM
Industries buckle under mounting diesel bills
Plummy Fashions, a Narayanganj-based export-oriented knitwear factory, used to spend Tk 65,000 per month on diesel even two months ago. But the same factory now has to consume one month’s worth of fuel in a single day owing to rolling blackouts.
2 November 2022, 02:50 AM
‘Ready to pay more’
Businesses yesterday reiterated their demand for uninterrupted gas and power supplies to industrial units as they are having to operate at half capacity because of the ongoing energy crisis.
26 October 2022, 18:00 PM
Time to remove barriers weighing businesses down
Post-pandemic, the speed in planning and execution will be the determining factor for businesses to survive amid changing behaviour of consumers and the volatility in the global supply chain.
19 October 2022, 02:40 AM
Exports to Russia returning to normalcy
Many thought exports from Bangladesh to Russia would come to a halt after the Russia-Ukraine war began in February as the transcontinental nation was slapped with numerous sanctions and embargoes that restrained its import activities.
18 October 2022, 02:20 AM
Steps for FTA with Japan underway
Bangladesh is working on getting either a free trade agreement (FTA) or economic partnership agreement (EPA) signed with Japan, the most promising export market in Asia, with the commerce ministry having already prepared a relevant memorandum of cooperation (MoC).
17 October 2022, 02:50 AM
Rise of electrical cable business shows big export potential
Rapid urbanisation, industrialisation and electrification in rural areas of Bangladesh has led to a boom in the country’s electrical cable industry over the past few years.
15 October 2022, 18:00 PM
Bangladesh gets up to 83% lower price than rivals
International buyers are consistently paying lower than the global average price to apparel suppliers in Bangladesh but higher to some of the country’s competitors, according to the International Trade Centre (ITC).
13 October 2022, 02:10 AM
Knitwear continues dominance in export
The knitwear segment has retained its position as the country’s biggest export earner in the readymade garment industry and among all the sectors of Bangladesh.
9 October 2022, 02:10 AM
Further studies underway on joining RCEP
The Bangladesh Trade and Tariff Commission (BTTC) is conducting further studies on possible outcomes of the country joining the world’s largest China-led trade deal, Regional Comprehensive Economic Partnership (RCEP), Senior Commerce Secretary Tapan Kanti Ghosh said yesterday.
7 October 2022, 02:40 AM
Exporters expand capacity to make technical garments
Local garment manufacturers are pumping money to expand their capacity to produce technical garment items such as activewear and workwear since their demand is rising in the western markets.
6 October 2022, 02:10 AM
Apparel export can hit $95 billion by 2030 riding on manmade fibre
Apparel exports from Bangladesh will cross $95 billion by 2030 if the country can expand its share in the global market for manmade fibre (MMF) to 12 per cent from less than 5 per cent at present, according to a recent study.
5 October 2022, 02:30 AM
Businesses dealt a blow
Business and industrial activities were disrupted for several hours since yesterday afternoon as the national power grid failed, plunging half of the country into darkness.
5 October 2022, 02:20 AM
Cheaper cotton raises hopes of higher RMG work orders
The slowdown in demand and stronger US dollar worldwide has pushed down cotton prices in the international market, raising hopes of increased work orders from global brands and retailers among local garment makers.
4 October 2022, 03:10 AM
Govt getting ready for CEPA talks with India
Bangladesh has started the groundwork to begin negotiations for signing a Comprehensive Economic Partnership Agreement (CEPA) with India, as has been agreed upon by top leaders of both countries last month.
4 October 2022, 02:50 AM
Two more RMG units get global green recognition
The number of green garment factories in Bangladesh has reached 173 as two more units received the Leadership in Energy and Environmental Design (LEED) certification from the US Green Building Council (USGBC) yesterday.
3 October 2022, 18:00 PM
Exports slip after 13 months
Export earnings dropped 6.25 per cent year-on-year to $3.9 billion in September, the first fall in 14 months, as the cost-of-living crisis in the western countries took its toll on Bangladesh’s main foreign currency earning sector.
3 October 2022, 02:30 AM
Apparel export to EU: Bangladesh poised to overtake China
Bangladesh is poised to overtake China in garment exports to Europe, the world’s largest market, anytime in the near future for work orders shifting its way and its price competitiveness.
2 October 2022, 02:20 AM
Progress moderate in ending child labour
Bangladesh made moderate advancements last year in efforts to eliminate the worst forms of child labour, according to a report of the US Department of Labor published on Wednesday.
30 September 2022, 02:20 AM
US trade bodies want GSP reinstatement
The American Apparel and Footwear Association (AAFA) along with 270 other trade bodies has urged the US Congress to reinstate the Generalised System of Preferences (GSP) for the convenience of American traders.
27 September 2022, 02:45 AM