Beximco's problems are evidence of a number of ongoing problems in the garment industry.
"The imposition of higher tariffs on Chinese goods by the Trump administration could prompt international businesses and investors to turn to Bangladesh," Ahsan Khan Chowdhury, chairman of Pran-RFL Group, said today
The USA's overall apparel imports from the world also fell by 0.33 percent to $67.04 billion during the January-October period, the data showed. China ranked first in apparel shipments to the USA, with Vietnam in second place
Bangladesh's overall exports to the European Union (EU) may fall by as much as 20 percent due to the combined impacts of the nation’s graduation from least developed country (LDC) status and the EU-Vietnam Free Trade Agreement (EVFTA), according to a study..Mohammad Abdur Razzaque, chairma
The US has assured Bangladesh of support in diversifying export products and exploring new markets to boost bilateral trade between the two countries
Bangladesh’s exports are expected to grow by 12.65 percent year-on-year to $50 billion in the current fiscal year
The central bank discovered six types of statistical wrongdoing that inflated export data, a development that led to a multibillion-dollar correction.
The government’s target of earning $110 billion from exports by the fiscal year of 2026-27 would be difficult to attain because of the persisting challenges in the global and local economies, economists and businesspeople said.
Despite the 10 percent growth in March, shipment is still 0.88 percent short of the monthly target at $5.14 billion
In light of the upcoming LDC graduation, exporters need to proactively prepare for changes.
Bangladeshi exporters are apprehending prolonged delays in shipments and a surge in transport costs following recent attacks on commercial vessels on the Red Sea
Bangladesh is very good at making cotton clothes but non-cotton products could be bolstered by foreign investment
Climate change is worsening the situation and the financial and humanitarian costs brought by this calamity are racking up.
In what seems like a story straight out of a Netflix crime drama, a whopping Tk 821 crore has been laundered out of Bangladesh
Fakir Knitwear Limited is set to invest about $45.82 million to set up a knit composite factory at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Mirsarai, Chattogram.
Bangladesh's exports soared 15.26 percent year-on-year in July driven by an acceleration in the shipment of readymade garments, official figures showed today.
To diversify export destinations, Bangladesh needs to take up a comprehensive plan and coordinate efforts focusing on every country that bears potential, said Md Fazlul Hoque, former president of the Bangladesh Knitwear Manufacturers and Exporters Association.
Shipment fetched $52.08 billion in the previous financial year of 2021-22, according to data from the Export Promotion Bureau (EPB).
The shipment of electrical and electronics goods from Bangladesh displayed an impressive growth of 48 per cent in July-May of the outgoing financial year on the back of improving product quality and government support, official figures showed.
