Fabric makers in Bangladesh have embarked on a massive expansion to capture more share of the fast-growing global denim market keeping pace with the changing fashion and styles.

Bangladesh has to shift from preferential market access-driven competitiveness to skills and productivity-driven competitiveness as there will be no preference after 2026, experts said.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has signed a memorandum of understanding (MoU) with the American Apparel and Footwear Association (AAFA) to reinstate GSP status in the American market for local merchandise.

Incoming orders to German industry increased again in January, official figures published Monday showed, as the government warned of economic disruption from the war in Ukraine.

Sajeeb Wazed Joy, ICT affairs adviser to the prime minister, was awarded the Nation Brand Award at the “4th Bangladesh Innovation Award-2022” for his outstanding contribution to turning Digital Bangladesh into a reality.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) yesterday demanded that the government withdraw a 15 per cent VAT on edible oil import to rein in skyrocketing prices.

Self-confidence, determination and an unperturbed endeavour of sailing against the wind are propelling women into success in the technology, startup and online-based businesses in Bangladesh.

People should gather enough knowledge and do more research before investing in the stock market such that their funds do not go to waste, analysts said.

A three-day exhibition on the diversified use of jute began in Dhaka yesterday with the objective of encouraging people to use products made out of the environmentally-friendly fibre.

The Burimari land port has long been suffering from space shortage and traffic congestion, preventing businesses from Bangladesh from elevating trade with India, Bhutan and Nepal as its capacity has not expanded in line with rising commerce.

ReportGarment exporters should focus on high-value apparel items to bolster the industry’s export growth, said Md Jashim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), yesterday

The telecom regulator is set to hold the spectrum auction for fifth-generation (5G) connectivity on March 31 as the government looks to roll out the service by this year. 

The Bangladesh Telecommunication Regulatory Commission (BTRC) will hold the spectrum auction for fifth-generation (5G) mobile and internet connectivity on March 31 and give the telecom operators 6 months to roll out the service from the day of the auction.

Rising  freight rates globally for demand recovery and supply disruptions as  well as an increase in transport costs locally owing to a hike in diesel  prices have made it difficult for small-scale cement manufacturers to  compete in Bangladesh.

The Bangladesh Investment Development Authority (Bida) will recommend formulating adequate policy measures for non-performing loan (NPL) resolution and NPL market creation to the government as it would lead to more foreign direct investment.

Bangladesh will lose one of the most promising apparel export destinations if various Russian lenders are excluded from the SWIFT messaging system in response to the country’s invasion of Ukraine, entrepreneurs warned.

The implementation of the government’s plan to bring about large-scale industrialisation is in the slow lane as only two state-run economic zones are currently ready for setting up factories although Bangladesh set out nearly seven years ago to establish them.

The construction of the cargo vehicles terminal at the Benapole Port has begun as the government looks to improve the capacity of the largest land port in South Asia.

Mobile users in Bangladesh are suffering from slower data speed despite the launch of fourth-generation (4G) technology four years ago, as operators have failed to ensure the minimum internet speed set by the regulator.

Although five years have passed since the Bangladesh Small and Cottage Industries Corporation (BSCIC) made plans to establish an industrial park for automobile and light engineering industries in Jashore, the agency is yet to finalise the exact location for the project.