Bangladesh to benefit from coronavirus fallout: survey
Bangladesh will benefit from the fallout of the coronavirus as most of the globally renowned companies are planning to shift work orders from China to other Asian countries, including Bangladesh, according to a new survey.
11 March 2020, 18:00 PM
Yarn prices soar as virus fear triggers panic buying
Prices of yarn marked a sharp rise in the domestic market over the last one month as the coronavirus fear has triggered panic buying, according to industry insiders.
9 March 2020, 18:00 PM
Exporters on the ropes
Export earnings in February edged down 1.80 per cent year-on-year to $3.32 billion mainly because of a slowdown in apparel shipment, according to data from the Export Promotion Bureau (EPB).
5 March 2020, 18:00 PM
Bangladesh’s rise in global apparel business
Just after the Independence War of 1971, Bangladesh had to put up a fresh fight to get rid of the scars that the nine-month battle left on its economy.
26 January 2020, 18:00 PM
No prior notice from India, says commerce minister on the onion debacle
When misfortune strikes, it comes in waves, it is often said. And this perfectly sums up Tipu Munshi’s brief tenure as the commerce minister thus far.
26 January 2020, 18:00 PM
Small garment factories feeling the heat
Rowshan Ali had everything going for him: a small sweater factory he set up in Demra on the outskirts of Dhaka in 2011 was raking in $2 million in export receipts every year.
23 January 2020, 18:00 PM
Foreign brands want easy tariff rules to expand in Bangladesh
Many multinational clothing brands, which source billions of dollars of garment items from Bangladesh, have recently expressed their willingness to open their outlets in the country with a burgeoning economy.
18 January 2020, 18:00 PM
Accord to finally pack bags in May
The Accord on Fire and Building Safety in Bangladesh, the platform of more than 190 mostly Europe-based retailers formed after the Rana Plaza building collapse, is finally leaving the country this May.
15 January 2020, 18:00 PM
US provides silver lining for garment exporters
Bangladesh’s apparel shipments to the US, its main export destination, edged up in the first 11 months of 2019 -- a heartening development given the inclement condition on the export front.
13 January 2020, 18:00 PM
84 RMG units lose right to duty-free import of fabrics
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday cut the right of 84 garment factories to duty-free import of fabrics due to poor compliance and safety standards.
8 January 2020, 18:00 PM
Exports still in choppy waters
Export earnings fell 5.84 percent year-on-year to $19.3 billion in the first six months of the fiscal year mainly because of lower shipment of apparel items.
5 January 2020, 18:00 PM
Debonair Group to turn plastics into jackets
Debonair Group is set to establish a recycling facility to turn discarded plastic into yarn and fibres for manufacturing jackets, paddings and quilts, keeping in tune with rising global demand for manmade fibres and growing environmental awareness.
1 January 2020, 18:00 PM
Garment sector lashed by giant waves
A tale of two halves sums up best how the garment sector, Bangladesh’s main export earner, fared in 2019.
30 December 2019, 18:00 PM
Bangladesh lags for want of investment
Bangladesh is lagging behind its global peers due to lack of investment and adequate government support to set up mills to produce manmade fibres (MMFs), which are gaining popularity worldwide as biodegradable raw material for apparel manufacturing.
29 December 2019, 18:00 PM
Double trouble for RMG
The garment sector is facing a double whammy as more and more factories are closing at a time when apparel shipments are falling.
25 December 2019, 18:00 PM
Look beyond traditional regional trading blocs
Bangladesh needs to look beyond traditional regional trading blocs in order to widen business opportunities and avoid squeezing of preferential trade benefit once the country becomes a developing nation, the country’s top business leader said.
24 December 2019, 18:00 PM
Export growth may slow to 7.3pc next year
Bangladesh’s exports will grow 7.3 percent next year, down 1.8 percentage points from that in 2019, as the ongoing global trade tension continues to hurt business in Asia and the Pacific, a new United Nations report said.
19 December 2019, 18:00 PM
Use tech to boost productivity, create jobs
More application-based startups can be a game changer for creating jobs for the unemployed and educated youth in Bangladesh, according to a top official of the United Nations.
16 December 2019, 18:00 PM
Apparel items continue to become cheaper
The prices of Bangladeshi made apparel items continued to fall since the Rana Plaza building collapse in April 2013 although the prices of cotton, the main raw material for fabrics, increased during the time to some extent.
8 December 2019, 18:00 PM
Exports fall 10pc in November
Exports declined in the month of November mainly because of poor performance of apparel shipment, in an ominous sign that can thwart Bangladesh’s target to earn $45.50 billion from merchandise shipment in the current fiscal year.
5 December 2019, 18:00 PM