February exports hit another milestone
Earnings from merchandise shipments continued to soar in February, registering growth of 34.54 per cent year-on-year to reach $4.29 billion on the back of increased garment exports.
2 March 2022, 18:00 PM
Local textile sales double in five years
The textile market in Bangladesh is growing at a faster clip as annual sales have nearly doubled to $9 billion in a span of five years riding on the production of diversified fabrics and the growing consumption of middle-income people.
1 March 2022, 18:00 PM
Over $600m garment exports to Russia at risk
Bangladesh will lose one of the most promising apparel export destinations if various Russian lenders are excluded from the SWIFT messaging system in response to the country’s invasion of Ukraine, entrepreneurs warned.
28 February 2022, 18:00 PM
Businesses fear ripple effect of Russian invasion of Ukraine
With oil prices hitting above $100 in the wake of Russia’s invasion of Ukraine, local businesses yesterday feared that the war would have a ripple effect on their domestic and international operations as both countries are major suppliers of agricultural commodities.
24 February 2022, 18:00 PM
Apparel exports to China dwindle
Although Bangladesh’s overall export earnings from China increased 9.81 per cent year-on-year to $426.14 million in the last seven months, apparel shipments to the East Asian nation failed to meet expectations despite enjoying duty benefits.
22 February 2022, 18:00 PM
Uneven recovery in garment industry
Bangladesh’s garment industry might be brimming with export orders from international buyers thanks to the ongoing turnaround of the global apparel supply chain, but it is the larger units that are running in full swing while smaller ones have been pushed into corners.
19 February 2022, 18:00 PM
Govt to amend procurement rules
A high-level government committee yesterday suggested 11 proposals for amending the procurement rules, including making it mandatory for foreign firms to form joint ventures with local bidders when it comes to fulfilling government procurement rules.
16 February 2022, 18:00 PM
Uniform export fetches half a billion dollars
Bangladesh has turned into a major sourcing hub for uniforms for the military, navy, air force, fire brigade and police for countries around the world as local garment manufacturers have enhanced their capacity and diversified products.
14 February 2022, 18:00 PM
Apparel export to India rising fast
Riding on the zero-duty trade benefit and competitive prices, the shipment of apparel items to India is growing fast, a development that would help Bangladesh narrow its trade gap with the neighbouring country.
10 February 2022, 18:00 PM
Team Group targets $1b export by 2026 Ships garments, medicines
Team Group, a leading garment exporter, has targeted to export goods worth $1 billion by 2026, when Bangladesh is scheduled to officially make the United Nations status graduation from a least developed to a developing country.
7 February 2022, 18:00 PM
Cotton production scanty despite huge market
Cotton production in Bangladesh has been low as farmers prefer other cash crops to the white fibre, completely missing out on at least a $3 billion domestic market.
6 February 2022, 18:00 PM
Exports surge 41pc in Jan
Earnings from merchandise exports from Bangladesh surged 41.13 per cent year-on-year to $4.85 billion in January, the second-highest single month receipts, on the back of rebounding garment shipments.
2 February 2022, 18:00 PM
Power tariff hike to hit apparel
Any power tariff hike will have a serious impact on the garment industry as it will scuttle its recovery from the coronavirus pandemic and erode competitiveness, said Faruque Hassan, president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
29 January 2022, 18:00 PM
Qcoom refund begins today
Foster Corporation from today will start providing refunds to Qcoom customers whose advance payments got stuck with the payment gateway for non-delivery of products by the e-commerce platform.
23 January 2022, 18:00 PM
Exporters enjoying US sales bonanza
Spending behind apparel and footwear in the US exceeded pre-pandemic levels in every month of 2021, says a new study by online personal styling service Stitch Fix. And this translates as good fortunes for Bangladeshi exporters.
18 January 2022, 18:00 PM
Garment exports to EU soar 24pc in Jul-Dec
Garment shipments to the European Union, including the UK, Bangladesh’s single largest export destination, rose 23.83 per cent year-on-year to $12 billion in the current fiscal year’s first half.
15 January 2022, 18:00 PM
Bangladesh to be 24th largest economy by 2030
Bangladesh is expected to become the 24th largest economy in the world by 2030 despite a rise in poverty, unemployment and income losses because of the severe impacts of the Covid-19 pandemic, according to a government report.
13 January 2022, 18:00 PM
More perks to lift export to record level
The government is set to extend more policy and fiscal support, rationalise corporate tax, offer bonded warehouse facility and explore new markets and products as it looks to give a much-needed boost to export earnings.
12 January 2022, 18:00 PM
Some RMG suppliers struggling for export payments
Some local garment suppliers are struggling to avail payments from troubled Western clothing retailers and brands even nearly two years past making shipments while Covid-19 was initially running riot.
10 January 2022, 18:00 PM
Qcoom, Foster provide incomplete refund list
E-commerce platform Qcoom and payment gateway Foster Corporation jointly submitted a list at the commerce ministry yesterday detailing a portion of customers who were owed Tk 59.05 crore in refunds.
10 January 2022, 18:00 PM