Export

Country’s merchandise trade deficit with its trading partners declined to $12.07 billion in the first nine months of the current fiscal year, thanks to the decreasing trend of import and export activities owing to the global coronavirus pandemic. The deficit dropped by $130 million or 1.07 %...

The country’s vegetable exporters fear that they may lose the Middle East market to Indian exporters as the shipment of vegetables from Bangladesh has remained halted for more than two months due to lack of air communications amid the coronavirus pandemic. They said that...

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...

Resurgent Bangladesh, an initiative to help private sector of the country in the context of COVID-19-led economic shocks, was jointly launched today by four leading business organisations and a private sector economic policy think tank. These institutions are Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka Chamber...

While Vietnam, India, Indonesia – and some other countries – are racing to get their share of the pie from the probable exodus of factories from China, Bangladesh does not seem particularly active to get its share. Japan, the US and Europe have announced they will relocate...

Bangladesh’s export earnings in April declined by 82.85 per cent year-on-year as the demand for goods shrank on the global market and the production remained suspended in the country in the month due to the global coronavirus outbreak. The country’s single month export earnings in April this...

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...

Google defines “globalization” as follows- Globalization is a process by which businesses or other organizations develop influence or start operating on an international scale. People have been trading across continents for centuries. The concept of globalization is nothing new. From time...

Foreign direct investment (FDI) in developing countries has a bad reputation. In some discussions, it is presented as tantamount to postcolonial exploitation of raw materials and cheap labour. However, recent data shows that FDI in developing countries increasingly flows to medium and high-skilled manufacturing sectors, involving elevated...

Negative oil prices, ships dawdling at sea with unwanted cargoes, and traders getting creative about where to stash oil. The next chapter in the oil crisis is now inevitable: great swathes of the petroleum industry are about to start shutting down. The economic impact of the coronavirus has ripped through...