- Bangladesh also walks out during Israeli speech at Global Ministerial Conference
- Early wicket loss against India an accident: Razzak
- Attempts being made to hijack revolution to come to power: Amir Khasru
- Zelensky 'not ready' to sign minerals deal with US: source
- BNP’s goal is to establish government of the people: Mintoo
- Hamas hands over 6 hostages to Red Cross
- England makes highest team total as Duckett hits 151 in Champions Trophy
- EC suspends six employees over NID fraud
- CEC wants to hold elections like the Eid festival
- None can survive by means of corruption: Shafiqur Rahman
- AP sues three Trump administration officials
- Environmental protection will shape our future: Rizwana
- Israeli forces kill two Palestinian teenagers
- Disney’s 'Snow White' live-action remake drops motion poster
- Vietnam govt approves $8.36B railway project to China
- Creatinine levels: the silent indicator of kidney health
- No load shedding during Ramadan, summer, says energy advisor
- Robbery and molestation in bus: 3 arrested in Tangail
- Fakhrul urges democratic forces to build livable Bangladesh
- 'History will not forgive' failure to seal pandemic deal: WHO
Country’s RMG sector regains momentum
The countrys ready-made garments sector (RMG) has seen a surge in exports despite various challenges. Last year, the sector struggled with multiple crises, including labour protests, factory closures in the face of demonstrations, and wage-related movements. However, the industry has now begun...
US plans to cut Iran’s oil exports by over 90% in renewed pressure campaign
The United States has announced plans to slash Irans oil exports by more than 90 per cent as part of former President Donald Trumps renewed maximum pressure campaign, Treasury Secretary Scott Bessent stated on Friday. Speaking to Fox Business, Bessent said, We are committed to bringing the...
Import-export strategy between Bangladesh, Saudi Arabia stressed
Saudi Arabian Trade Minister Majid bin Abdullah Al-Qasabi on Tuesday underlined the need for formulating an import-export strategy for Bangladesh and the oil-rich nation to advance the economic ties between the two countries. He made the suggestion when Bangladesh Ambassador to Saudi Arabia Md....
NBR imposes 25% regulatory duty on rice bran oil exports
The National Board of Revenue (NBR) has introduced a 25% regulatory duty on the export of both crude and refined rice bran oil to boost domestic supply and stabilize prices. The new tax measure, announced in a notification on Sunday, aims to discourage exports of rice bran oil, reports BSS. This...
Bangladeshi apparel exports to US grow slightly amid global pressure
The latest data on annual US apparel imports, covering 2024, show the performance of major supplying countries in the global apparel market. Despite a modest overall growth in US apparel imports, with a 1.82 percent increase in value and a 5.88 percent rise in volume, there was a notable 3.83...
NBR set to launch full bond automation to enhance trade efficiency
The National Board of Revenue (NBR) is set to fully operationalise its Bond Automation system this month to enhance efficiency, transparency, and accountability in Bangladeshs trade operations. The rollout, initially planned for last month, was delayed due to businesses lack of readiness, according...
Turkey eyes $6B defense deal with Saudi Arabia, expanding military cooperation
Turkey is reportedly aiming to secure a $6 billion defense deal with Saudi Arabia, which would encompass warships, tanks, and missile systems, according to a Monday report. The agreement, which may also see Saudi Arabia participating in Turkeys fighter jet development program, could be finalized...
US’s Argent LNG sets deal with Bangladesh govt to supply 5m tons of LNG annually
Argent LNG, developing a 25 million metric tons per annum (MTPA) LNG facility in Louisiana, has signed a non-binding agreement with the government of Bangladesh to supply up to 5 million metric tons of liquefied natural gas (LNG) annually, the company announced on Friday, reports Reuters. This...
Building a skilled workforce is the core challenge
While global demand for skilled workers continues to rise, Bangladesh faces a significant challenge in developing and exporting skilled labor. Currently, half of the countrys workforce remains unemployed, and 30 percent lack the education and training needed to secure jobs. Over the past four...
Bangladesh exports some $38.5 bn in RMG last year
In 2024, Bangladesh earned a total of $38.48 billion from ready-made garment (RMG) exports. As usual, the European Union (EU) beat the list with 50.34 per cent of the total export earnings, which is $19.37 billion. During the month of January to December the previous year, RMG products worth...
Fears of collapse in the export sector
The countrys export sector is grappling with mounting concerns over a potential collapse, as traders warn that the interim governments target of $57 billion in export revenue for the current fiscal year could be unattainable. The target includes $50 billion from goods exports, but industry...
Over 50,000 garment workers unemployed in a year
The garment sector, which played a key role in driving Bangladesh into large-scale exports, is now facing multiple crises. At least 76 garment factories have closed in the past year, and over a hundred others are on the brink of closure. Industry insiders attribute the closures to various...
Billion-dollar earnings expected from agricultural exports
Following a decline in the past two years, exports of agricultural and food products have picked up pace. Consequently, agricultural export earnings are expected to hit the billion-dollar mark by the end of the 2024-25 fiscal year. This positive outlook comes from industry stakeholders after...
US announces new restrictions on AI chip exports
The United States introduced new export rules for advanced AI computing chips on Monday, aimed at boosting sales to allied nations and limiting access to countries such as China, reports AFP. The restrictions, which also include rules on weights for closed AI models, build on curbs announced in...
Overvaluation of taka threatens exports & remittances
Economists and business leaders have raised concerns that the overvaluation of the taka, compared to the currencies of Bangladeshs trade partners, may negatively impact the countrys key foreign exchange sourcesexports and remittances. While these sectors have contributed to foreign currency...
Maldives strengthens ties with China; FTA set to take effect on January 1
The China-Maldives Free Trade Agreement (FTA) is set to come into effect on January 1, 2025, signaling a new chapter in the strategic partnership between the two nations. This milestone was announced during a special ceremony attended in person by Maldives Minister of Economic Development and Trade...
Bangladesh garment exports to EU grew 34% in Oct: Eurostat
The exports of Bangladeshi garment products to the European Union (EU) saw a significant increase of 34 percent in October compared to the same month last year, according to data from the European statistics agency. This growth highlights the continued strong demand for Bangladeshs apparel in...
Qatar vows to halt EU gas sales over due diligence law
Qatar will cease gas exports to the European Union if the bloc enforces its new corporate due diligence law, Reuters said, the energy minister of the country Saad al-Kaabi warned in an interview with the Financial Times published on Sunday. The Corporate Sustainability Due Diligence Directive,...
Recession not easing, raw material imports fall
Countrys trade has ground to a halt as the raw material imports fell to $5.27 billion in November, a sharp decline from $5.6 billion in the same month last year. This marks a troubling sign for the economy, as a reduction in imports is expected to fuel inflation and push up commodity prices....
Experts call for diversified exports, investment in human capital to boost global competitiveness
Political and social stability, along with diversified export markets, are key to attracting foreign direct investments (FDI) and ensuring Bangladeshs global competitiveness, experts said on Tuesday at a public lecture at Dhaka. From his extensive experience with the Asian Development Bank...
Annual expenditure totals $14 billion with India
Bangladesh has emerged as Indias largest trading partner in South Asia, primarily due to its growing import dependence. In return, India stands as Bangladeshs second-largest trading partner in Asia. However, despite this robust bilateral trade, Dhaka has struggled to capitalize fully on the...
Traders face escalated risk of default once again
Industrial production has sharply declined, and export income has been severely disrupted, bringing business and trade to a near standstill. Multiple pressures, including political instability, have contributed to this economic downturn. Among these challenges, a key factor is the reduction in the...