- BB cuts reverse repo rate by 50 percent
- 14 NBR officials suspended for ‘publicly defying transfer orders’
- Dollar rebounds against taka after BB intervention
- Shanti's hattrick hands 3rd win for Bangladesh after venue change
- Canada keen to expand trade, investment in Bangladesh
- State Mourning declared on July 16
- Ukrainians unimpressed by Trump's 50-day ultimatum to Putin
- Trump reportedly asked Zelensky if Ukraine could strike Moscow
- BSB Global Network chairman Bashar placed on 10-day remand
- Consensus reached on holding referendum for amending caretaker government provision: Ali Riaz
- Archbishop invites Prof Yunus to attend interfaith dialogue in Sept
- BNP firmly opposes PR system of elections
- Govt is prioritizing efforts to prevent erosion along the Teesta: Adviser Rizwana
- Rain halts Bangladesh-Bhutan clash after first half
- Proud to stand with Bangladesh in empowering youth through skills: EU
- E-sports get as official 'Sport' recognition
- 51 EC officials transferred at a time
- None of 144 parties 'passed', get another 15 days
- Dr Yunus doesn’t intend to be declared as "national reformer": Govt
- Palestinian MP killed in Israeli airstrike on Gaza City
Garment sector at big risk
Bangladeshs ready-made garment (RMG) sector faces a serious crisis following the re-imposition of 35% countervailing duties by the United States, putting billions in export revenue at risk and prompting major buyers like Walmart to suspend or postpone orders. More than 80 percent of the countrys...
Bangladesh holds 2nd spot in apparel export as Vietnam gains ground
Despite holding its position as the worlds second-largest apparel exporter, Bangladesh faces growing competition from Vietnam, which is emerging as a formidable rival in the global market, reports UNB. According to the World Trade Organization (WTO) data for 2024, Bangladesh secured $38.48...
Exporters hope for US tariff waiver amid negotiations
Bangladeshi exporters are hopeful that the United States will grant a tariff waiver amid ongoing negotiations between the two countries, as fears grow over the potential economic impact of a steep hike in reciprocal duties. Bangladesh currently pays an average 15.5% duty on exports to the US....
US-Vietnam trade deal sows new China uncertainty
Vietnams trade deal with the United States averts the most punishing of Donald Trumps reciprocal levies but analysts warned it could provoke a fresh standoff between Washington and Beijing. The Southeast Asian nation has the third-biggest trade surplus with the United States of any country after...
Export sector grappling with multifaceted crisis
Bangladeshs export sector is grappling with a multifaceted crisis driven by both external pressures and internal disruptions, threatening the countrys economic stability and future trade prospects. On the external front, neighboring India has tightened restrictions on Bangladeshi exports via...
Import-export activities partially resume at Ctg customs
After a two-day suspension, import-export operations at Custom House, Chattogram restarted on a limited scale on Sunday evening. Cargo handling at the port has also begun to return to normal. However, full-scale operations at the port are expected to resume from today (Monday). According to...
Chattogram port paralysed
Export-import activities through the Chattogram port came to a halt on Saturday due to the complete shutdown programme enforced by the officials of the National Board of Revenue (NBR). The sector insiders described it as unprecedented in the countrys history, warning that it could cause...
Streamlined tax policies, FTAs vital to boost SME export capacity
Bangladeshs economy is expected to face a multitude of challenges following its graduation from Least Developed Country (LDC) status. In light of this, experts and industry insiders stress the importance of nurturing small and medium-sized enterprises (SMEs) to diversify exports, generate...
Bangladesh's apparel exports to EU surge to $8.07 billion
Bangladeshs apparel exports to the European Union (EU) have surged to $8.07 billion during the January-April period of 2025 up from $6.51 billion during the same period in 2024, reports BSS. The countrys readymade garment exports in the same period grew by 23.98%, supported by a strong 19.71%...
Garment exports to non-traditional markets mark 6.79pc increase in July-May
Bangladeshs garment industry is seeing promising shifts in its export landscape, with a notable surge in shipments to non-traditional markets. According to data from the Export Promotion Bureau, compiled by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), garment exports...
Global alarm grows as China’s mineral export curbs disrupt industry
Concerns over Chinas grip on critical minerals intensified Tuesday as automakers and industry leaders worldwide warned that new export curbs could stall production and disrupt supply chains. Germanys auto lobby joined a growing chorus of voices, following an Indian EV makers similar warning,...
Exports rebound in May
Exports picked up pace in May after a slight slowdown in April growing by more than 11% compared with the same month last year. The rebound in May also ensured the outgoing fiscal year 2024-25 beats last years earnings with one month in hand, according to data released by the Export Promotion...
Bangladesh begins mango exports to China today
The first consignment of Bangladeshi mangoes will be exported to China today (Wednesday) and will soon become available in the Chinese market, marking a significant step in agricultural trade between the two countries. Commerce Adviser Sk Bashir Uddin and Chinese Ambassador to Bangladesh Yao Wen...
Nvidia to launch cheaper AI chip for China after US export curbs
Nvidia will launch a new artificial intelligence (AI) chipset for China at a significantly lower price than its recently restricted H20 model and plans to start mass production as early as June, sources familiar with the matter said. The GPU or graphics processing unit will be part of Nvidias...
Nvidia says US export controls on AI chips to China were 'a failure'
U.S. export controls on artificial intelligence (AI) chips to China were a failure, Nvidia Chief Executive Jensen Huang said on Wednesday. All in all, the export control was a failure, Huang said adding, The fundamental assumptions that led to the AI diffusion rule in the beginning, in the first...
NBR keeps customs open during holidays to support RMG exports
The National Board of Revenue (NBR) has declared that all Customs Houses and Stations will remain open on public and weekly holidays from June 5 to June 14, excluding Eid day to facilitate uninterrupted import-export trade ahead of Eid-ul-Azha. The decision follows a formal request from the...
Forced to destroy: US rejects 15 mango shipments from India, exporters face $500,000 loss
In a major blow to Indian mango exporters, the United States has rejected 15 mango consignments due to documentation errors, compelling destruction or re-export and leading to estimated losses of nearly $500,000, reports TOI. According to official communication from the U.S. Department of...
India-Pakistan war puts country’s economy in crossfire
As tensions escalate between India and Pakistantwo powerful countries in South AsiaBangladeshs economy is being exposed to several challenges, experts have warned. According to experts, while Bangladeshs security is likely to be the most affected in this conflict, the economy, exports, imports,...
Exports rise nearly 10% in July-April
Bangladeshs overall exports grew by 9.83 percent in the first 10 months (July-April) of the 2024-25 fiscal year, driven by rising global demand for Bangladeshi products. However, April alone recorded the lowest export earnings in the past 10 months, industry sources said. According to data...
Lack of diversification puts country's export at risk
Despite the governments efforts to diversify the export sector, the country still relies only on the ready-made garments (RMG) sector. Currently, the sector brings over 80 per cent of the export earnings home. The reliance on a single product and a few markets poses potential risks in the...
Yemen bans US crude oil exports through Red Sea
Yemen has announced a sweeping ban on US crude oil in response to Washingtons continued aggression on the Arab countrys soil and targeting of civilians and civilian infrastructure. Yemens Humanitarian Operations Coordination Center (HOCC) said in a press statement on Saturday that the anti-US...
South Korea posts April exports gain driven by chips
South Koreas exports rose in April, driven by strong semiconductor sales, trade data showed Thursday, as trade tensions over US tariffs persist. The country, Asias fourth largest economy, remains one of Washingtons key trading partners and home to powerhouse chip and auto industries, reports...
China’s export orders dip in April as Trump’s tariffs begin to bite
Higher tariffs on U.S. imports of products from China are taking a toll on the worlds second-largest economy as export orders sink, according to monthly surveys of Chinese factory managers released Wednesday, reports AP. The official survey by the China Federation of Logistics and Purchasing...
US diplomat optimistic on increasing cotton export to Bangladesh
US Ambassador (Chargé daffaires) Tracey Ann Jacobson has expressed her optimism regarding Bangladeshi textile sector saying that the industry will grow further in near future. Bangladesh is now number five in the world as an importer of cotton. We project that it will be the biggest importer in...
Sylhet airport to launch 1st air cargo operation Sunday to boost exports
Bangladesh is set to launch its first cargo flight from Sylhets Osmani International Airport on Sunday, bolstering export logistics after Indias abrupt suspension of third-country transshipment. We are all set to launch the first freighter flight from Sylhet tomorrow, making it the second...
80% of medicine ingredients need to be imported
Medicine production relies on 400 different Active Pharmaceutical Ingredients (APIs), but currently, only 21 companies in the country manufacture 41 of these essential components. As a result, pharmaceutical firms are forced to import approximately 80 percent of the APIs needed for drug production....
Bangladesh’s apparel exports climb despite adversity
In spite of challenges like labor unrest, factory shutdowns, canceled orders, absconding factory owners, and tariffs imposed by the U.S., Bangladeshs garment exports are continuing to grow. During the July-March period of the 202425 fiscal year, Bangladeshs Ready-Made Garment (RMG) exports...