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
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