Capital machinery duty to remain unchanged for small industries
The government proposed keeping the import duty for capital machinery unchanged at 1 per cent for the small and medium industries to give a boost to the sector.
9 June 2022, 11:55 AM
Textile sector’s 15% tax to stay
The government has proposed retaining the existing 15 percent tax rate for the textile sector until June 30, 2025 to facilitate the growth of the country's textile and garment sector.
9 June 2022, 10:47 AM
Additional 1% cash incentive on garment exports to continue
The additional 1 per cent cash incentive on the export receipts of readymade garments would continue in the next fiscal year as the government looks to boost the shipment of clothing items.
9 June 2022, 10:14 AM
Source tax may be doubled
The government proposed increasing the source tax on export proceeds to 1 per cent from the existing 0.5 per cent in the next fiscal year.
9 June 2022, 10:00 AM
Govt to review edible oil prices
The Bangladesh Trade and Tariff Commission (BTTC) yesterday suggested the commerce ministry review the price of edible oil in local markets as the product’s price is declining globally.
9 June 2022, 05:30 AM
India lifts anti-dumping duty on import of textile chemical
India has withdrawn its anti-dumping duty on the import of hydrogen peroxide, a chemical used in dyeing and washing plants in the textile industry, from Bangladesh.
8 June 2022, 17:16 PM
Govt to miss inflation targets in FY22, next year
The government has set an inflation target of 5.5 per cent for the next fiscal year although the prices of basic commodities are sitting at elevated levels for higher commodities prices globally amid lingering supply chain disruptions and the Russia-Ukraine war.
5 June 2022, 04:00 AM
Exports slow as raging inflation, uncertainty hit West
Export earnings, the largest source of foreign currencies for Bangladesh, slowed in May reflecting the fall in demand in western economies reeling from the crisis caused by higher inflation, the Russian–Ukraine war and supply chain bottlenecks.
3 June 2022, 03:00 AM
Global clothing retailers turning to Bangladeshi fabrics
Major international clothing retailers and brands are increasing their reliance on the fabrics made in Bangladesh to produce apparel items, owing mainly to shorten lead time and cut the shipping costs that have gone through the roof.
18 May 2022, 03:30 AM
Traders broke their promise
TDS: Do you agree that it is a failure of the commerce ministry to rein in the unstable soybean oil market?
13 May 2022, 18:00 PM
Bangladesh to remain RMG hotspot in future, buyers say
Bangladesh will remain as the preferred sourcing destination for readymade garment (RMG) items well into the future as the country has substantially improved production facilities and on compliance with regulations over the last few years, said international clothing retailers and brands yesterday.
10 May 2022, 18:00 PM
Exports booming despite gloomy global outlook
Earnings from merchandised exports from Bangladesh soared 51.18 per cent year-on-year in April to $4.73 billion helped by higher shipment of garments, home textiles and footwear, official figures showed yesterday.
9 May 2022, 18:00 PM
Soybean oil at Tk 110 a litre for TCB cardholders
The Trading Corporation of Bangladesh (TCB) will resume selling soybean oil at Tk 110 a litre to one crore TCB cardholder families from next month, Senior Commerce Secretary Tapan Kanti Ghosh said yesterday.
7 May 2022, 18:00 PM
'TCB cardholders to get oil at Tk 110 per litre from June'
The Trading Corporation of Bangladesh (TCB) will resume selling edible oil at Tk 110 a litre to one crore TCB cardholder families in June, Senior Commerce Secretary Tapan Kanti Ghosh said today.
7 May 2022, 12:39 PM
Record hike in soybean oil prices
Edible oil prices see the biggest increase in Bangladesh’s history as the government moves to put an end to the unprecedented crunch of the essential cooking item.
5 May 2022, 18:00 PM
Sleeping bags turning into major export item
Bangladesh is becoming a major manufacturer of sleeping bags as China is losing its market share because of worker shortage and higher cost of production.
27 April 2022, 18:00 PM
Most factories yet to clear Eid bonuses
Nearly 57 per cent industrial and manufacturing units in Bangladesh did not pay Eid bonuses to their workers as of yesterday, missing the deadline set by the government.
26 April 2022, 18:00 PM
Ha-Meem Group eyes $1b exports by 2024
Ha-Meem Group, one of the top textile and garment manufacturers in Bangladesh, is eyeing massive expansion to export $1 billion worth of apparel items by 2024, said its owner.
25 April 2022, 18:00 PM
Govt looking for new edible oil sources
The commerce ministry is going to recommend that the National Board of Revenue (NBR) reduce the import duty on canola, sunflower and olive oil to 10 per cent from the existing 32 per cent.
25 April 2022, 18:00 PM
Actions after Rana Plaza tragedy: Time to build on the progress
When the Rana Plaza building came crashing down on April 24, 2013, Bangladesh’s garment sector received a massive jolt and apprehension kicked in that the sector’s growth might slow down.
23 April 2022, 18:00 PM