The promising growth in export earnings seen at three Asian markets during the previous fiscal year has come to a halt following the coronavirus outbreak. Exports to China, India and Japan, three economic giants, were growing steadily over the last five years. During fiscal 2019-20 as well,...
With a slump in demand for commodities among the Western consumers, Bangladesh needs to remodel its business plans to revive exports in the time of Covid-19, which has severely affected the global economy, economists said. Maybe the traditional fast fashion garment items or basic apparel products are...
Root Group of Companies has launched a Swiss technology-based health protective gear ‘Corona Killer’ fabrics in Bangladesh. The unveiling of the new technology for the textile sector was announced at a Zoom online event, said a press release on Saturday. At the event, speakers said in the...
Bangladesh expects a bigger inflow of foreign direct investment in the days to come as different nations plan to relocate their factories to countries like Bangladesh to bring down cost amid a cash crunch caused by the pandemic, said Commerce Minister Tipu Munshi yesterday. In 2019, the...
Some 125 publicly-traded companies in the manufacturing and service sectors have expressed fears of heavy losses due to the ongoing coronavirus outbreak. Among them, 116 companies are in the manufacturing sector, such as RMG, cement, ceramics, engineering, and tannery sector. The other nine are in the real estate and service sector. These companies are...
COVID-19 continues to spread on a global scale, and it’s now clear the virus’ symptoms reach beyond its unpredictable illness. The pandemic is both accelerating and exacerbating economic problems that already existed before the outbreak. For example, the US and China’s ongoing tit-for-tat trade war had already weakened...
Commerce Minister Tipu Munshi on Wednesday said the garment industry will get loan on two percent interest as the government declared Tk 5,000 crore stimulus package for the export-oriented industries. “It isn’t a grant. The loan will have to be repaid within a certain period,” the minister...
চীন থেকে শিল্পের কাঁচামাল ও বাণিজ্যিক পণ্য আমদানিতে করোনাভাইরাসের প্রভাব পড়তে শুরু করেছে বাংলাদেশে। ইতিমধ্যে চীনের বন্দরগুলো থেকে বাংলাদেশমুখী জাহাজে পণ্য পরিবহন কমে যাচ্ছে। কোনো কোনো জাহাজে চীনের পণ্য পরিবহন ৫০ শতাংশে নেমেছে। করোনাভাইরাসের প্রভাবে নববর্ষের ছুটির আগে চীনের বন্দর থেকে জাহাজে তোলা পণ্যও হাতে পেতে দেরি...
চলমান চতুর্থ শিল্পবিপ্লব উপযোগী করে নিজেদের প্রস্তুত করে নিয়েছে প্রযুক্তিতে এগিয়ে থাকা দেশগুলো। স্থানীয় ও আন্তর্জাতিক বাজারে প্রতিযোগিতায় টিকে থাকতে হলে চতুর্থ শিল্পবিপ্লবের উপযোগী করে নিজেদের তৈরি করতে হবে। একই সঙ্গে এ ইস্যুর সঙ্গে সাযুজ্যপূর্ণ শিক্ষাব্যবস্থাও তৈরি করতে হবে। সম্প্রতি ঢাকা স্কুল অব ইকোনমিক্সের উদ্যোক্তা অর্থনীতি বিভাগ আয়োজিত এক সম্মেলনে বক্তারা এসব...
Mayor of Dhaka North City Corporation (DNCC) Md Atiqul Islam on Tuesday underscored the need for sustainability plans for a good and prosperous apparel industry, UNB says. “In the 35-year journey of our industry, Bangladesh has become the second largest RMG exporting country in the world. The...