Qcoom, Foster provides incomplete refund list
E-commerce platform Qcoom and payment gateway Foster Corporation jointly submitted a list at the commerce ministry today detailing a portion of customers who were owed Tk 59.05 crore in refunds.
10 January 2022, 14:17 PM
Dyeing sector can’t keep up with robust apparel
No new dyeing factory was set up in Bangladesh last year although the segment is crucial to supporting the roaring apparel sector looking to double its exports.
8 January 2022, 18:00 PM
Investment Galore in spinning despite Covid
The spinning sector in Bangladesh witnessed a major jump in investment last year as entrepreneurs set up 26 new mills to meet rising demand despite uncertainty in the global apparel supply chain owing to the pandemic.
4 January 2022, 18:00 PM
Export hits fresh peak
Export earnings hit a new record in December as manufacturers fetched almost $5 billion, backed by the surge in demand from international retailers in Europe and the US.
2 January 2022, 18:00 PM
Woven garment export makes a strong comeback
The stunning rebound of woven garment export after one and a half years helped lift merchandise shipment from Bangladesh in the just-concluded year, helped by rising demand and inflow of increased orders.
2 January 2022, 18:00 PM
Businesses look to brighter 2022
Businesses in Bangladesh hope that 2022 would be better than the previous two years as their optimism grew thanks to the ongoing strong recovery from the coronavirus pandemic.
1 January 2022, 18:00 PM
Ministry seeks clients’ list from Qcoom
The commerce ministry yesterday sought the full list of the customers and merchants from Qcoom.com as it looks to refund the victims of e-commerce fraudulent activities from the money stuck up with Foster Payments.
28 December 2021, 18:00 PM
Govt to target 7.5pc GDP growth next year
The government plans to raise its economic growth target to 7.5 per cent for the next fiscal year, banking on the recovery of business activities and rising export earnings.
22 December 2021, 18:00 PM
Bangladesh self-reliant in RMG accessories
In the 1980s, local garment manufacturers used to export garment items in old and used cartons as there was no factory in Bangladesh at that time capable of producing the accessory.
20 December 2021, 18:00 PM
Cotton consumption to climb this year: USDA
Domestic cotton consumption is set to increase in the current marketing year (MY) as many international retailers and brands are shifting their work orders to Bangladesh, according to the United States Department of Agriculture (USDA).
18 December 2021, 18:00 PM
Bangladesh makes a name in suit export
A decade ago, the number of export-oriented suit-making factories in Bangladesh was one or two, and China and Vietnam were the main sourcing destinations for brands and retailers globally.
16 December 2021, 18:00 PM
CEPA negotiations with India start next year
Negotiations for signing a Comprehensive Economic Partnership Agreement (CEPA) with India will begin next year as the related feasibility study has entered its final stage, according to a senior official of the commerce ministry.
14 December 2021, 18:00 PM
Dhaka trade fair begins Jan 1 at new venue
Following a year’s gap, the Dhaka International Trade Fair (DITF) is expected to open as planned on January 1 at its new venue in the capital’s Purbachal.
12 December 2021, 18:00 PM
Bangladesh steps up yarn, fabrics export
Bangladesh has already conquered the international apparel market and is currently the second-largest exporter of garment items worldwide after China with a 6.8 per cent global market share.
12 December 2021, 18:00 PM
Duped Customers, Merchants: They’re to get back stuck money soon
E-commerce customers and merchants waiting for their money stuck in the central bank’s payment gateway can expect their amounts from next week, said the chief of the commerce ministry’s Digital Commerce Cell yesterday.
5 December 2021, 18:00 PM
Exports surge in Nov, fetch another $4b
Bangladesh’s exports surged in November as it raked in $4.04 billion, reflecting the strong demand for apparels from the country following reopening of US and European economies from the severe fallout of Covid-19, official figures showed yesterday.
2 December 2021, 18:00 PM
Exports continue to remain buoyant
Export earnings surged 31 per cent year-on-year to $4 billion in November from a year ago, thanks to the rebound in the apparel shipment in the European and the US markets for increased consumers’ demand following the Covid-19 pandemic fallout.
2 December 2021, 13:18 PM
Unique BINs for e-commerce this month
Every e-commerce and F-commerce company in Bangladesh will soon have to apply for a Unique Business Identification Number (UBIN) from the Digital Commerce Cell (DCC) as the commerce ministry is set to launch the registration from this month.
1 December 2021, 18:00 PM
FBCCI to celebrate 50 years of independence
The country’s apex trade body, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), is going to launch a 16-day event in Dhaka to commemorate the country’s 50 years of independence.
30 November 2021, 18:00 PM
Refiners seek yet another hike of edible oil price
Not even a month has gone by yet edible oil refiners are again proposing hiking prices for the fourth time this year, reasoning it to be a ripple effect of international rates.
28 November 2021, 18:00 PM