Soybean oil price drops by Tk 14 a litre
The bottled soybean oil price has been reduced by Tk 14 a litre at retail.
17 July 2022, 18:00 PM
Outlook gloomy for small garment makers
Big and green apparel factories are content bagging a constant stream of work orders but small, medium and subcontracting units are suffering amidst volatility in the global garment supply chain stemming from the Russia-Ukraine war.
17 July 2022, 02:15 AM
Rawhide market on road to recovery
Bangladesh’s rawhide market appears to have made a comeback this Eid-ul-Azha on the back of higher demand, better prices and a bar on rawhides arriving in Dhaka.
12 July 2022, 18:00 PM
Rawhide traders upbeat as tanners pay arrears
Rawhide traders are expecting a good season for business this year as tanners have cleared last year’s arrears owed to them, which would in turn enable purchasing skins and hides from seasonal traders during upcoming Eid-ul-Azha.
8 July 2022, 03:15 AM
Gas shortage, power cuts hit factories
A deepening energy crisis is hitting industries in Bangladesh hard, forcing them to cut production by as much as 50 per cent as escalated import bills have forced the country to lower gas purchase from international sources.
7 July 2022, 02:30 AM
Govt allows rawhide export this year as well
Like previous years, the government has been approving applications of different companies seeking to export rawhide to create demand and enable better prices, said Tapan Kanti Ghosh, senior secretary to the commerce ministry, yesterday.
5 July 2022, 05:55 AM
Extra cash incentive planned for non-cotton RMG exports
The government could pay additional incentives to the exporters of non-cotton apparel items in order to help them offset the severe impacts of the Russia-Ukraine war on the shipment of garment items.
5 July 2022, 03:30 AM
Export hits all-time high of $52b
Exports from Bangladesh hit an all-time high of $52.08 billion in the just-concluded fiscal year, giving much-needed breathing space to the country amid ongoing volatility in the foreign exchange regime, official figures showed yesterday.
4 July 2022, 03:00 AM
Cotton price drop may lift garment orders
Local readymade garment exporters are expecting a strong rebound of the inflow of work orders from December onwards as prices of cotton have started to decline in the international markets.
3 July 2022, 02:30 AM
Businesses frown at monetary policy
Businesses have expressed discontent at Bangladesh Bank setting a private sector credit growth target of 14.1 per cent for 2022-23 that is lower than the just-concluded fiscal year.
1 July 2022, 02:00 AM
17 economic zones getting ready for south-west
The government is setting up 17 economic zones in southwestern districts to bring about an industrial revolution in the largely non-industrialised region as it looks to accelerate economic growth of Bangladesh.
29 June 2022, 03:30 AM
Garment export order falls 20pc as inflation, war bite
Work orders to the garment sector in Bangladesh fell by more than 20 per cent for the September and November season as consumers in the western world are tightening their belts owing to blistering inflation and deepening uncertainty caused by the Russia-Ukraine war.
28 June 2022, 02:30 AM
Padma bridge opens: Now time to invest in logistics
Yesterday’s opening of the Padma Bridge gave connectivity a shot in the arm since it is going to cut the time needed to move goods between the southwestern region of Bangladesh and the capital city by two to four hours, thus cutting the cost of doing business.
26 June 2022, 02:30 AM
RMG exports to Russia on decline
The ongoing Russia-Ukraine war has started to have a heavy impact on garment shipments to Russia as export earnings are declining significantly from this promising market for Bangladeshi apparel goods.
23 June 2022, 03:30 AM
WTO confce extended by a day
The ongoing meeting of the World Trade Organisation (WTO) has been extended by one day as countries could not reach a consensus on various issues under discussion within the stipulated time.
15 June 2022, 18:00 PM
No food grain export ban, extend TRIPS waiver
Bangladesh has once again called upon nations not to put any restrictions on their food grain exports and sought the continuation of its TRIPS waiver until December 31, 2032, to save the lives of people and newborns.
14 June 2022, 05:00 AM
US, EU divided over LDC trade benefit extension
Two major economic powers of the world, the US and the European Union, are divided on continuation of trade facilities meant for the least-developed countries (LDCs) once they make the United Nations status graduation to become developing countries.
13 June 2022, 03:30 AM
Budget to help draw investment
The proposed budget placed in parliament yesterday is geared towards attracting private sector investment to create employment and to expand business, but some proposals need to be reconsidered, said economists and businesspeople.
9 June 2022, 18:00 PM
Budget to help draw investment
The budget proposed in parliament yesterday is geared toward attracting private sector investment to create employment and expand businesses, but some proposals need to be reconsidered, said economists and businesspeople.
9 June 2022, 18:00 PM
Corporate tax rates slashed
The government has proposed to cut the tax rate for one-person companies (OPCs) from 25 per cent to 22.5 per cent in order to attract investment in the private sector.
9 June 2022, 11:59 AM