A 2019-20 action plan to implement the memorandum of understanding (MoU) between the Belarusian state light industry concern Bellegprom and Uztekstilprom Association was agreed to during the recent Global Textile Days-Tashkent 2019 event. The plan stipulates measures to invigorate cooperation in textile, apparel and knitwear enterprises between...
Bangladesh has emerged as one of the countries in the World Bank’s ‘Top-20 improvers in Doing Business 2020’ list. The global lender yesterday issued a statement in this regard acknowledging that the country has implemented various reform initiatives to make a business-friendly environment in recent times. The...
The customs authority has issued a rule to allow duty-free import of products without insurance and freight charges valued lower than Tk 2,000. The similar facility will be applicable to a product whose import duty is below Tk 2,000. The 'Customs (Deminimis) Rule-2019' will clear the way...
Profits at China’s industrial firms contracted in August, reversing the previous month’s brief gain, as weak domestic demand and the trade war with the United States weighed on corporate balance sheets. Industrial profits fell 2 percent in August from a year earlier to 517.8 billion yuan ($72.59...
The Investment Corporation of Bangladesh has sought Tk 1,000 crore in financial support from Bangladesh Bank on an “emergency basis” to inject liquidity into the ailing capital market as part of its concerted efforts to bring back investor confidence. The largest financial investor in the capital market...
The Bangladesh economy will grow at 8 percent this fiscal
year, which would be the highest in Asia, as per the latest forecast of the
Asian Development Bank. The forecast is close to the government target of 8.2
percent growth in fiscal 2019-20. Last fiscal year, Bangladesh pulled off 8.13
percent...
INDUSTRIES around the world are facing a skills crisis. The
introduction of automation and shortage of skilled personnel in the era of the
digital economy is rendering the services of long-serving employees irrelevant.
Managements are in a dilemma about whether to forcibly preserve old jobs, or to
embrace emerging technologies. Upskilling...
Japan is likely to reduce the interest rate on its lending to Bangladesh by 0.30 percentage points to 0.65 per cent from next month (October), officials said on Monday. In October 2017, the Japan International Cooperation Agency (JICA) increased its loan interest rate to 0.95 per cent...
