PPE exports bring a glimmer of hope to heavy-hearted garment sector
Personal Protective Equipment (PPE), such as face masks and surgical gowns, has become another major export of Bangladesh’s garment sector as global demand for such products increased exponentially due to the ongoing coronavirus pandemic.
1 July 2020, 18:00 PM
Heavy is the heart of the business community
He did not stop just by reaching the pinnacle of businesses in Bangladesh through unparalleled dedication, hard-work and extraordinary ethics that brought him adulation at home and abroad.
1 July 2020, 18:00 PM
Tanners in a capital crunch, seek Tk 600cr
Tanneries are suffering from a capital shortage following a drop in sales amid the ongoing coronavirus pandemic, and subsequently, the country’s rawhide business has been severely impacted, according to the Bangladesh Tanners Association (BTA).
29 June 2020, 18:00 PM
The elusive quest for VAT automation
Much has been said about the modernisation and automation of the value-added tax system in Bangladesh over the last decade. Yet, the automation of the VAT administration is halfway, although the project’s tenure is supposed to come to its end this year.
29 June 2020, 18:00 PM
Bangladesh seeks extension of EU trade benefits even after LDC graduation
Bangladesh wants the EU to continue providing the current zero duty benefit even after its graduation to a developing country as the Covid-19 pandemic is taking a heavy toll on the south Asian nation’s economy.
28 June 2020, 18:00 PM
Supply chains slowly returning to normal: WTO
Although global trade has been thoroughly battered by the ongoing coronavirus pandemic, the World Trade Organisation (WTO) believes the worst could be over as supply chains are slowly returning to normal due to rising demand.
24 June 2020, 18:00 PM
Stop terminating garment workers amid pandemic: Labour ministry tells owners
The labour ministry has once again asked garment factory owners not to terminate workers amid the Covid-19 pandemic.
22 June 2020, 17:18 PM
Frozen food exporters demand cut in corporate tax
Exporters of frozen food products, especially shrimp, have demanded that the government reduce corporate tax from 32.5 per cent to 15 per cent in the proposed national budget to help the sector recover from a significant fall in international sales.
20 June 2020, 18:00 PM
Bangladesh, Bhutan to sign preferential trade deal
Bangladesh and Bhutan on Tuesday finalised the terms and conditions for signing a preferential trade agreement (PTA) to increase bilateral trade.
17 June 2020, 18:00 PM
Perishable goods exporters urge Biman to introduce cargo flights
Vegetable and fruit exporters have demanded the national flag carrier Biman introduce special cargo flights to reduce fares and increase the quantity of goods transported.
16 June 2020, 18:00 PM
Govt needs to rally behind the leather goods manufacturers, too
Leather goods manufacturers and tanners called for another emergency stimulus package for export-oriented sectors and demanded reduction in source tax to survive the economic fallout of the pandemic.
15 June 2020, 18:00 PM
Apparel exporters need more support to stay the course
Apparel exporters and textile millers demanded the government accommodate more measures in the proposed budget to recuperate exports and buck up job creation such that the sector can weather the looming economic storm unleashed by the pandemic.
14 June 2020, 18:00 PM
FICCI calls for higher health allocation; BCI for measure for recovery from downturn
A higher allocation could have been made for the healthcare sector considering the risks posed and inadequacies in infrastructure which became very much evident during the Covid-19 pandemic, according to the FICCI.
13 June 2020, 18:00 PM
Businesses worried at huge bank borrowing
The government’s ambitious revenue collection target and the plan to borrow a huge sum from the banking sector to finance the budget deficit may leave the private sector and individual taxpayers in dire straits, business leaders said yesterday.
12 June 2020, 18:00 PM
Bailout package bottleneck still a concern
Trade body and business chamber leaders said the economic recovery from the coronavirus pandemic is largely dependent on prompt implementation of the stimulus package.
11 June 2020, 18:00 PM
Inadequate measures for exporters
The stimulus packages and measures announced by the government are inadequate to revive exports from the fallouts of the ongoing coronavirus pandemic, according to industry leaders.
11 June 2020, 18:00 PM
RMG export: 1pc additional cash incentive to continue, source tax hiked to 0.5pc
Finance Minister AHM Mustafa Kamal has proposed continuation of 1 percent additional cash incentive for the country’s garment export in 2020-21 fiscal year too, considering the economic fallout from Covid-19 pandemic.
11 June 2020, 13:16 PM
Exports to Canada grew 15pc in 2019
Bangladesh’s exports to Canada grew 14.53 per cent year-on-year to CAN$1.97 billion last year, riding on the trade privilege extended by the North American nation.
10 June 2020, 18:00 PM
Fresh orders for apparel plunge 45pc
The inflow of new work orders to Bangladesh’s garment sector from international retailers and brands for June is 45 per cent lower than that a year ago as demand is yet to pick up in the western markets because of the coronavirus pandemic.
9 June 2020, 18:00 PM
Exports’ rally has begun
A glimmer of hope just appeared for the bruised and battered economy: exports seem to be looking up.
8 June 2020, 18:00 PM