Trouble brewing for RMG exporters as orders fall
Apparel exporters in Bangladesh are feeling the pinch of a looming global recession, persisting higher inflation and dragging severe fallout of the Russia-Ukraine war as orders from international buyers have fallen.
24 August 2022, 02:15 AM
Exports to Saarc countries reach new heights
Bangladesh’s exports to South Asian nations reached a new high in the last fiscal year of 2021-22 for having grown steadily over the past three years, according to Export Promotion Bureau (EPB).
21 August 2022, 02:15 AM
Small export basket failing Chinese trade benefit
Bangladesh can make little use of the generous duty benefits offered by China simply because of its narrow export basket, with the situation compounded by the fact that the products are low in demand in the East Asian country.
9 August 2022, 02:45 AM
Industries fear severe impacts of fuel price hike
The cost of fuels for Plummy Fashions Ltd, the world’s greenest knitwear factory located in Narayanganj, will go up by 25 per cent owing to Saturday’s more than 50 per cent hike in the price of petroleum products.
6 August 2022, 18:00 PM
Industries fear severe impacts of fuel price hike
The cost of fuels for Plummy Fashions Ltd, the world's greenest knitwear factory located in Narayanganj, will go up by 25 per cent owing to Saturday’s more than 50 per cent hike in the price of petroleum products.
6 August 2022, 16:10 PM
Businesses for using multiple currencies
Bangladesh should cut its over-reliance on the US dollar and increase the use of other currencies such as the Chinese renminbi (RMB) in international trade to ease pressure in the foreign currency market, businesses said.
4 August 2022, 03:30 AM
How dollar became global reserve currency
The Second World War changed almost everything in the world. Or in short, we can also say that after WWII, the world changed in a way it had not changed for many years.
4 August 2022, 03:00 AM
July delivers more good news as exports rise
Merchandise exports from Bangladesh grew 15 per cent year-on-year to $3.98 billion in July, giving a much-needed breather to the country amid global uncertainty and foreign exchange crisis, official figures showed yesterday.
3 August 2022, 02:00 AM
Look for alternatives to dollar in trade
Use of multiple currencies instead of being overly dependent on the US dollar in international trade may ease the pressure on foreign exchange reserves and help overcome the current crisis, said the chief of a leading chamber yesterday.
1 August 2022, 02:45 AM
Import of apparel raw materials surges
The import of basic raw materials used to produce garment items in Bangladesh surged in the first six months of 2022 on the back of a rise in demand in the export markets, even contributing to the dollar crisis in the country.
31 July 2022, 02:00 AM
Forex market volatility: FBCCI wants action against wrongdoers
The country’s apex trade body yesterday called on the central bank to beef up its monitoring of private commercial banks, financial institutions and money changers to check the anomalies in the international currency exchange business.
29 July 2022, 02:00 AM
Bangladesh wants cheap cotton from Uzbekistan: Ghosh
Bangladesh wants easy and cheap cotton from Uzbekistan to boost trade relations between the two countries, Senior Commerce Secretary Tapan Kanti Ghosh said today.
28 July 2022, 14:24 PM
Bangladesh moves to join RCEP
Bangladesh has taken up the initiative to join Regional Comprehensive Economic Partnership (RCEP) to retain duty benefits once it makes the United Nations status graduation from a least developed country to a developing one in 2026.
27 July 2022, 18:00 PM
CEPA with India should be partially reciprocal
The proposed comprehensive economic Partnership agreement (CEPA) with India should be partially reciprocal, not fully, as India has a big economy and a huge basket of diversified products for export, said economists and businesses.
27 July 2022, 03:00 AM
Ministries agree to sign CEPA with India
Senior officials of ministries concerned yesterday reached consensus on signing a much-needed Comprehensive Economic Partnership Agreement (CEPA)
26 July 2022, 02:15 AM
Taka slide brings a little cheer for major exporters
A falling local currency usually translates into higher earnings for exporters since their products become more competitive in the global markets.
26 July 2022, 02:00 AM
Govt one step closer to sign CEPA with India
The inter-ministerial meeting on CEPA was attended by the officials of some important ministries, including foreign, labour, commerce, home affairs, along with different departments of agencies of the government at the commerce ministry in Dhaka.
25 July 2022, 15:03 PM
Load-shedding: SMEs outside EPZs, industrial belts bear the brunt
The ongoing regular power cuts are eating away at the profits of small and medium enterprises (SMEs) in Bangladesh since they need to rely on costly diesel to keep their operation up and running, which is raising the cost of production.
25 July 2022, 02:00 AM
Govt targets lower export growth for global turmoil
Bangladesh is targeting a lower export growth in 2022-23 despite raking in a record $52.08 billion in the last fiscal year largely because of insignificant strides in products and markets diversification and ongoing global turmoil.
21 July 2022, 02:00 AM
Withdraw export threshold in new GSP
Garment exporters are demanding the European Union (EU) remove the 7.4 per cent threshold on apparel imports from any given country in the proposed Generalised System of Preferences (GSP) to ensure smooth continuation of exports to the world’s largest trade bloc.
19 July 2022, 03:00 AM