BGMEA leaders pledge $50 billion garment export target
BGMEA leaders pledge $50 billion garment export target

Leaders of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), representing a joint council contesting the upcoming election, have pledged to increase Bangladeshs garment exports to $50 billion over the next five years if elected. Speaking at an iftar event hosted by...

New default loan policy to jeopardise businesses
New default loan policy to jeopardise businesses

Bangladeshs defaulted loans are expected to exceed Tk 5 lakh crore, surpassing 30 per cent of total disbursed loans, if new regulations take effect in March. Businesspeople are urging the authorities to defer the implementation of the new default regulations by at least a year. According to the...

Acute gas crisis cripples industries
Acute gas crisis cripples industries

Years of disrupted gas supply have brought export-oriented industries and other factories to a severe production crisis. In key sectors such as textiles, ceramics, and ready-made garments, the captive power plants require a gas pressure of 15 PSI (pounds per square inch), but they are typically...