BSEC offers exit plan for poor performers
The Bangladesh Securities and Exchange Commission (BSEC) recently issued a directive offering companies not performing well an exit plan that would help protect small investors in case of delisting.
30 January 2021
Garment makers turning to artificial fibres
Import of man-made fibre (MMF) as well as investment in its business is increasing in Bangladesh because of higher demand for polyester and viscose-made garment items worldwide.
28 January 2021
Cash crunch makes survival harder for garment exporters
Pandemic-struck local garment suppliers are struggling to survive because of a poor cash flow caused by delays in payments by international retailers and brands despite the restoration of the orders.
25 January 2021
Export potential in China market remains untapped for pandemic
Despite the duty-free market access for 97 per cent goods, Bangladesh could not seize the opportunity for most of last year because of a lack of diversified goods and the fallouts of the coronavirus pandemic.
19 January 2021
Dhaka, Delhi conducting study to sign trade deal
Dhaka and New Delhi are preparing a joint study report to sign a comprehensive economic partnership agreement (CEPA) to boost bilateral trade and investment once Bangladesh becomes a developing nation.
17 January 2021
Amid pandemic, HK-based apparel maker trying to sell EPZ unit
With production suspended amid the fallouts of Covid-19, the management of Hong Kong-based woven garments maker Kwun Tong Apparels is trying to sell off the unit inside Adamjee Export Processing Zone.
14 January 2021
Air cargo charges double in fresh blow to RMG exporters
Readymade garment exporters in Bangladesh have been dealt a fresh blow by a doubling of air shipment rates for cargoes flying out of Hazrat Shahjalal International Airport (HSIA).
14 January 2021
Longer home stays raise use of casual wear
People limiting movements to their homes for social distancing needs apparently proved a boon for local knitwear manufacturers, as their shipments have fared relatively well in 2020 on the back of increased demand globally.
12 January 2021
Rising cotton prices take toll on apparel makers
A rise in international cotton prices has had a ripple effect on local yarn, affecting garment shipments, especially of knitwear, during the ongoing coronavirus pandemic.
11 January 2021
Exporters seek extension of loan moratorium, repayment periods
Exporters are seeking extensions on both moratorium and repayment period for loans accrued from a government sponsored stimulus package aimed at helping them cope with the pandemic’s fallouts.
10 January 2021
Focus on issues that’ll help you get GSP Plus
The European Union is moving from a development partner of Bangladesh to trade partner as Bangladesh is graduating to a developing country by 2024.
9 January 2021
EU trade privilege hinges on human rights record
Bangladesh will have to meet the European Union’s new criteria on human rights to retain its duty-free market access to the bloc as the EU looks to increase accountability and fight impunity, said a top diplomat.
9 January 2021
Bangladesh an inspiration for South Asian peers
With rising economic growth over the last few decades, Bangladesh has become a start-up hub where businesses have reached a new height, according to Binod Chaudhary, founder of CG Corp Global.
9 January 2021
BGMEA to avail law firm’s advice on GSP extension
The BGMEA has signed an agreement with Sidley Austin LLP to receive advisory services in efforts to get duty-free trade benefits to the European Union extended once Bangladesh leaves the group of least developed countries (LDCs).
6 January 2021
Knitwear makers want 2-yr suspension of raise
Union leaders want the continuation of a 5 per cent annual increment of wages for garment workers while knitters demand that the government let them suspend it for the next two years for mitigating the Covid-19 fallout.
3 January 2021
Cotton import grows despite pandemic
Bangladesh’s cotton imports grew by about 9 per cent to 75 lakh bales in the 2019-20 marketing year (MY) despite the ongoing coronavirus pandemic, according to data from the United States Department of Agriculture (USDA).
2 January 2021
Digital wage pays off for workers: WB
Wage disbursements through digital payment methods is beneficial for employees as it helps increase savings and improves their ability to mitigate unanticipated financial shocks, according to a recent World Bank (WB) study.
2 January 2021
Business leaders expect recovery by mid-2021
Several business leaders and entrepreneurs have expressed their hope that Bangladesh’s economy will start to recover from mid-2021 after the Covid-19 vaccine arrives.
31 December 2020
2020: a turbulent year for apparel
For many, 2020 has been a year of despair. The unprecedented effects of Covid-19 have jolted economies and supply chains worldwide with Bangladesh being no exception.
28 December 2020
Covid poses challenges for LDC graduation
Bangladesh is set to graduate from the group of the least-developed countries but will face some challenges during the transition period because of the devastating impacts of the coronavirus pandemic, said a United Nations agency.
26 December 2020