A German apparel company, United Bridal Factory, is relocating one of its successful factories from Poland to Bangladesh by investing about $12 million. The factory, which would be located in the Adamjee Export Processing Zone in Narayanganj, will manufacture high-end bridal wear as well as accessories for...
The government has so far announced a set of stimulus packages worth around $11.90 billion (Taka 1.011 trillion to offset the COVID-19 shock on various sectors of the country and minimise the sufferings of the people hit hard by the nationwide shutdown enforced to fend off 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...
করোনা প্রাদুর্ভাবের নেতিবাচক প্রভাব পড়তে শুরু করেছে বাংলাদেশের অর্থনীতিতে। এরই মধ্যে দেশের অন্তত ১৪টি খাতে সমস্যা তৈরি হয়েছে। ট্যারিফ কমিশনের প্রাথমিক হিসাব বলছে, আমদানি-রফতানি সংকুচিত হওয়ায় কয়েকটি খাতে অন্তত ৬০০০ কোটি টাকার ক্ষতির আশঙ্কা রয়েছে। বিশেষ করে কাঁচামালের অভাবে দেশের বিভিন্ন শিল্প-কারখানার উৎপাদন সংকুচিত হওয়ার পাশাপাশি অনেক...
কেবল একটি বছর শেষ হয়ে যাচ্ছে তা কিন্তু নয়, একটি দশকও শেষ হচ্ছে। ২০১০ সালে এই দশকের শুরু, আর শেষ ২০১৯ দিয়ে। আমরা যেমন নতুন বছরে প্রবেশ করছি, একই সঙ্গে শুরু হচ্ছে নতুন একটি দশক। কেমন গেল ২০১০–এর এই দশক। ২০০৮ সালের বিশ্ব মন্দার পরে যথেষ্ট অনিশ্চয়তার...
The 3rd edition of Denimsandjeans India, held recently in Bangalore, witnessed the highest buyers’ turnout in its all 3 seasons. With over 40 exhibiting companies from over 7 countries, the show brought all the leading retailers, brands, buying houses and factories from India as well as overseas...
Indian high commissioner to Bangladesh Riva Ganguly Das recently met Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Rubana Huq at the latter’s office to discuss ways to further move forward existing trade relations between the two countries. Ganguly Das said the duty-free export of Bangladeshi apparel...
Bangladesh Bank (BB) on Tuesday signed participation agreements with five banks and two non-bank financial institutions (NBFIs) to strengthen economic sustainability of the readymade garment (RMG) sector. Under the agreements, the central bank has enlisted the banks and FIs as the Participating Financial Institutions (PFIs) under the...
Bangladesh garment exporters facing trouble in operations recently demanded a faster and efficient service from the customs houses of Dhaka, Chattogram and Benapole ports. There is a trust deficit regarding services between customs officials and bond facility users, said Rubana Huq, president of the Bangladesh Garment Manufacturers...
Vietnamese garment manufacturers have so far received less order than 2018 and the shortage of orders is becoming more common, according to the Vietnam Textile and Apparel Association (VITAS), whose vice president Truong Van Cam recently said the number of orders in the first half of 2019...