Gas crisis hampers garments production in 6 areas
Production in the textile mills in some areas in Savar, Narayanganj, Dhamrai, Manikganj, Gazipur and Chattogram areas has been affecting severely due to shortage of gas supply in the industrial units.
15 September 2021, 12:38 PM
Govt hopeful of 12-year duty benefit
Bangladesh is hopeful that it will enjoy the duty-free export benefit for a more extended period after graduating from the grouping of the least-developed countries (LDCs) as the negotiation with the World Trade Organisation is underway.
11 September 2021, 18:00 PM
Govt goes all out to sign FTAs
Bangladesh is gearing up to sign free trade agreements (FTAs) and amend labour laws to continue to avail duty benefits on merchandise export once it comes out of the least developed country (LDC) status, said Commerce Secretary Tapan Kanti Ghosh yesterday.
9 September 2021, 18:00 PM
Prospects brighten for cotton import from Uzbekistan
The prospects to resume buying cotton from Uzbekistan have improved for Bangladesh after the United States lifted the ban on sourcing the key textile raw material from the country following significant progress in ending forced labour.
8 September 2021, 18:00 PM
Govt mulls policy on food delivery
With the demand for food delivery through online purchase growing fast, the government is planning to frame a policy in order to streamline the business and protect interests of all the actors in the chain, including customers and suppliers.
7 September 2021, 18:00 PM
Apparel orders staging a strong comeback
The flow of work orders to the garment industry is rebounding strongly on the back of the reopening of stores of retailers and brands in Europe and the US, the two main export destinations for the apparel manufacturers in Bangladesh.
6 September 2021, 18:00 PM
Spinners on an expansion spree
The spinning industry in Bangladesh is witnessing massive investment as local entrepreneurs are either expanding their production capacities or setting up new units as the demand for garment raw materials is rising.
6 September 2021, 18:00 PM
Exports rebound strongly in Aug
Earnings from merchandise exports significantly rebounded in August by 14 per cent year-on- year to reach $3.38 billion, buoyed by garment shipments, particularly knitwear items.
2 September 2021, 18:00 PM
Garment export weighed down by high production costs
Garment exporters have been feeling the pinch of an unusual rise in the cost of production fuelled by hikes in yarn prices and freight charges in the wake of a recovery in export during this time of Covid-19.
1 September 2021, 18:00 PM
Accord signatories enter new pact
The former signatories of the Accord Bangladesh have joined together to continue their legally binding commitments to workplace safety in Bangladesh and expand the programme to other countries.
25 August 2021, 18:00 PM
Yarn run-in ends
The dispute between spinners and garment manufacturers was resolved after the two sides fixed the price of the widely consumed 30-carded yarn at a maximum of $4.20 per kilogram.
22 August 2021, 18:00 PM
High transport costs bear down on RMG exporters
Garment exporters are feeling the pinch of exorbitant transport fares as the rebound in the shipment of goods thanks to the reopening global economy has raised the demand for trucks and covered vans.
21 August 2021, 18:00 PM
Evaly’s liabilities Tk 543cr, higher than BB finding
Beleaguered e-commerce platform Evaly, which faces inquiries by the government, said its liabilities to customers and merchants stood at Tk 543 crore as of mid-July, which is 35 per cent higher than the amount found by an initial probe of Bangladesh Bank.
19 August 2021, 18:00 PM
‘Evaly has Tk 544 crore in liabilities'
Evaly has a liability of Tk 542 crore to its customers and merchants, a top official of the commerce ministry said today.
19 August 2021, 13:06 PM
Anwar Hossain departs but his fame lives on
After the partition of India and Pakistan in 1947, then East Pakistan was not an ideal place for local entrepreneurs to do business as non-Bangalees from West Pakistan were in complete control.
18 August 2021, 18:00 PM
Spinners won’t cut yarn price
Spinners are unwilling to reduce the prices of yarn in local markets even though apparel and terry towel exporters have demanded as much in order to remain competitive at the international level.
17 August 2021, 18:00 PM
Afghan changeover won’t affect trade: local businesspeople
The changeover of state power in Afghanistan may not affect business with Bangladesh as the bilateral trade volume is not that significant, said local businesspeople yesterday.
17 August 2021, 18:00 PM
Ease conditions for raw material import: BGMEA
Local garment manufacturers have demanded that the government ease conditions for importing yarn, cotton and fabrics as work orders were pouring in from international clothing retailers and brands.
15 August 2021, 18:00 PM
RMG exports rise from the rubble
Garment exports to non-traditional markets have been showing an encouraging trend amid the ongoing Covid-19 pandemic as shipments grew 6.36 per cent to $5.08 billion in fiscal year 2020-21.
14 August 2021, 18:00 PM
Dispute over yarn price to be settled amicably
The dispute between garment and spinners over the prices of yarn could be resolved amicably after both sides softened their stances, in relief for Bangladesh’s apparel industry rebounding from the pandemic-induced shipment collapse.
10 August 2021, 18:00 PM