Three of Bangladesh’s major trade bodies have joined a global initiative calling on governments to collaborate in ensuring safe passage of commercial vessels over the Red Sea and deter a repeat of last December’s attacks.

Armed robberies of domestic and foreign vessels coming into the Chattogram port decreased sharply in the concluding year, according to two international organisations.

They also sought policy support

EU Ambassador Charles Whiteley meets Finance Minister Abul Hassan Mahmood Ali

Bangladesh Furniture Industries Owners Association will organise the six-day event

However, the amount, $5.72b, is 0.69% lower than the monthly target

It made Tk 24.83 crore in Oct-Dec of FY24, Tk 18.07 in the same period FY23

Govt guidelines issued for ships using the route

Shasha Denims, a leading denim manufacturer and exporter, recorded a 15 percent year-on-year decrease in profit for the second quarter of the financial year 2023-24

Its losses per share hit Tk 0.28 in Oct-Dec of 2023

Its earnings per share dropped to Tk 0.02 in Q2 of FY24, from Tk 0.13 in Q2 of FY23

The government has cut the export subsidy for almost all sectors to reduce the pressures on Bangladesh's coffers and bring down the rates gradually

Some 79.1 percent of the apparel factory owners said international buyers are yet to increase prices of Bangladeshi goods, which they earlier promised to do after the new garment wage comes into effect in December last year, a survey found.

The government has cut the export subsidy for almost all sectors to reduce the pressures on Bangladesh’s coffers and bring down rates gradually since the country can’t provide such subsidies once it becomes a developing nation. 

A survey conducted by BGMEA election’s opposition group Forum panel finds

Chinese Ambassador Wen Yao meets Foreign Minister Hasan Mahmud

A section of lighter vessel operators and cargo agents in Bangladesh are not accepting the interim solution for allocating ships to transport import cargo from Chattogram port via inland waterways, citing preferential treatment in the selection process.

The company's sales dropped 6% in Oct-Dec period, but profit rose by Tk 12.57 crore

FBCCI president meets his counterpart in Dubai Chamber of Commerce in Dubai

Bangladesh can gain additional garment business worth $489 million by 2027 from virtual markets in the US, EU and Africa