Export makes a stunning rally in July
July, it seems, will go down the annals as the month in which the Bangladesh economy lifted the pall of gloom brought on by the global coronavirus pandemic.
4 August 2020, 18:00 PM
Bad news for rawhide trade this year too
The rawhide business at the retail level across the country faces a major blow this year as well because of the low demand despite government's efforts.
2 August 2020, 05:54 AM
Economy in a limbo
The economy, it seems, is in a sort of limbo, neither fully on recess nor roaring ahead.
30 July 2020, 18:00 PM
Most garment workers got full bonus and salary
Almost all the garment and knitwear factories have paid their workers Eid festival bonus and salaries for July yesterday, in a refreshing departure from previous years, where the days leading up the religious festivals are almost always marred by demonstrations.
30 July 2020, 18:00 PM
Bonus disbursement not up to the mark
The owners of many companies in Bangladesh’s 42 various industrial, manufacturing and service sectors failed to provide their workers with festival bonuses for Eid-ul-Azha by yesterday, the stipulated deadline to disburse the annual allowance.
27 July 2020, 18:00 PM
Exporters get yet another shot in the arm from govt
The government yesterday gave yet another stimulus package worth Tk 3,000 crore for the export-oriented industries to help them provide wages and salaries to their workers for July.
23 July 2020, 18:00 PM
Eid-ul-Azha primed to flood the country with rawhide
Risk looms large of a recurrence of last year’s discarding of rawhides en masse during Eid-ul-Azha in Bangladesh this year for a low injection of funds in the sector and a lack of preparedness of both the government and traders.
23 July 2020, 18:00 PM
Pandemic Redemption: Recent sales spike for local weavers soothing missed Eid, Baishakh sales
The coronavirus pandemic continues to bring surprises, this time around in the form of booming sales for spinners, weavers and finishers who serve the local markets.
18 July 2020, 18:00 PM
Apparel-makers pursue another round of low-cost loans
Pandemic-hit apparel exporters have sought continuation of low-cost loans from the government for three more months to help them pay wages to workers as the sector is struggling to stay afloat.
16 July 2020, 18:00 PM
Is the $41b export target a mountain too high amid pandemic?
Aiming high is always a welcome attribute. But, sometimes, in its quest, one ends up setting targets so high that it just seems hopeless.
16 July 2020, 18:00 PM
Orders are finally trickling in, but garment factories are still reaching out for the axe
One has got to feel for the garment workers. Despite the availability of low-cost loans to pay wages, repeated requests from the labour ministry and a recent uptick in work orders from international buyers, they are getting the chop.
13 July 2020, 18:00 PM
Promising Asian markets could revive export earnings, say analysts
The promising growth in export earnings seen at three Asian markets during the previous fiscal year has come to a halt following the coronavirus outbreak.
9 July 2020, 18:00 PM
Garment work orders coming back slowly
With the reopening of outlets of major clothing retailers and brands in the EU and US, the inflow of work orders at local garment factories has been on the rise, albeit on a limited scale.
8 July 2020, 18:00 PM
Shift focus to Asia to boost exports
Apart from the traditional markets like Europe and the US, Bangladesh should focus more on the Asian markets to revive export earnings during the time of the pandemic, said Mustafizur Rahman, a distinguished fellow of the Centre for Policy Dialogue (CPD).
7 July 2020, 18:00 PM
Remodel business plans to revive exports: experts
With a slump in demand for commodities among the Western consumers, Bangladesh needs to remodel its business plans to revive exports in the time of Covid-19, which has severely affected the global economy, economists said.
6 July 2020, 18:00 PM
Merchandise export earnings dip 16.93pc
Earnings from merchandise exports in the immediate past fiscal year fell 16.93 percent year on year to $33.67billion because of Covid-19 that affected production and slowed demand for commodities.
6 July 2020, 05:14 AM
There will be rebound of apparel shipment to US. But it will be slow and steady.
Bangladesh’s garment exporters expect a slow rebound of shipment to the US market, the country’s single largest export destination, this year as American buyers have been consumed by a confidence deficit amid an economic meltdown lurking round the corner.
5 July 2020, 18:00 PM
Primary textile sector still deprived of bailout funds
The primary textile sector is yet to receive funding from the government’s Tk 30,000 crore stimulus package, despite being in dire straits due to the ongoing coronavirus pandemic.
4 July 2020, 18:00 PM
RMG export to US declines by 12.5% in first five months of 2020
Garment exports to the US -- Bangladesh’s single largest apparel export destination -- has declined by 12.50 percent year on year to 2.32 billion USD between January and May in 2020, according to the latest US OTEXA data.
4 July 2020, 17:40 PM
Pandemic downs garment shipments to a decade-low
The unprecedented coronavirus pandemic has put a scar in apparel shipments as earnings from the country’s main export item in the immediate past fiscal year fell significantly compared to anytime in the past decade.
2 July 2020, 18:00 PM