National,Back Page
The highest remittance earning countries, mainly Bangladesh, India, Sri lanka and Nepal, have sought a work programme on facilitating the cross border remittance. The countries have jointly submitted a communication at the ongoing 13th Ministerial Conference (MC13) of WTO in Abu Dhabi UAE on We...
National,Front Page
A total of 123 World Trade Organization (WTO) members have agreed to move the plurilateral agreement on investment facilitation forward, while a few are opposing the move.The ministers representing 123 WTO members issued a Joint Ministerial Declaration marking the finalisation of the Investment Faci...
Bangladesh State Minister for Commerce, Ahsanul Islam Titu in a statement stressed the need for necessary support for graduating LDCs towards sustainable graduation and their smooth transition plans.The state minister, now visiting UAE, in his statement expressed his firm belief that MC13 of the WTO...
With a focus on enhancing the access of developing countries and Least Developed Countries (LDCs) to the global trading system, intellectual property, and WTO dispute resolution mechanisms, the 13th Ministerial Conference (MC13) of the World Trade Organisation (WTO) commenced in Abu Dhabi on Monday....
Business & Commerce
Bangladeshi exporters should mull over exploring the market of Kuwait as part of the diversification process as the oil-rich Gulf country has emerged as an important destination for finished products like RMG, newsprints, Pharmaceuticals, and Ceramic products. Ambassador of the State of K...
Economists and experts on Thursday said that Bangladesh should negotiate issues related to trade benefits in the 13 th ministerial conference of the World Trade Organization not as an least developed country but as a future non-LDC developing country in an aim to make the graduation sustainable. At ...
Hailing the landslide victory of Awami League and its alliance partners in the just ended 12th national parliament elections, the country's top business leaders opine that the victory was essential for continuation of the ongoing development process and economic stability. Passin...
An advanced and eco-friendly transportation system needs to be established to ensure the smooth movement of people, also for the sustainable development of Bangladesh, and Rangs Motors is working relentlessly to play its part in this regard, said the CEO of Rangs Motors Limited, Ahmed Shahriar Anwar...
The labor unrest, which allegedly sparked around the minimum wage issues, interrupted the industry and export in the final week of October, causing decline in RMG export in October and the consequential impact on overall export performance, said sector insiders. As per the export data, R...
Special Supplement
“It is always challenging to initiate a cost control or cost reduction measures in an entity for many reasons. Because it may induce labor unrest, unavailability of raw materials, risk of losing market share etc., said Abul Bashir Khan FCMA, Chief Financial Officer (CFO) of SMC Enterprise Limi...
Readymade Garments (RMG) industry will undergo a significant transformation in its trade benefit regime by 2029 as the GSP moratorium ends, coinciding with Bangladesh’s exit from its Least Developed Country (LDC) status in 2026, according to a report. LightCastle Partners, a prominent national...
"The success of Islamic Banking in Bangladesh indicates that people here are passionate about the philosophy of Islamic economy and success of Islamic banking has led to increased interest in Islamic insurance institutions," said Abul Kalam Azad, Chief Executive Officer (Current Charg...
The manpower export to the Gulf countries is feared to drop this year compared to the previous year, sources said.According to the Arab News, the Oman government under the employment and replacement plan, has taken move to increase job opportunities for Omani citizens and replace overseas workers wi...
The apparel import of EU from the world has declined by 9.61% during the first eight months of 2023, means, EU’s import from the world decreased to US$ 61.15 billion in January-August 2023 from US$ 67.66 billion during the corresponding period of 2022, according to the latest data of EUROSTAT&...
The companies applying for cash incentives in the frozen shrimp and other fish export sector must be a member of BFFEA or a member of the BMFA for the export of frozen shrimp and other fish extracted from the deep sea and then processed, according to a new guideline of the central bank.Bangladesh Ba...
Digital banking in Bangladesh would make banking more secured, convenient and sustainable, experts in the sector said.Exclusively sharing their views, experts welcomed the latest decision of the central bank to allow digital banking in the country. They stressed building trust and proper security me...
The country's hospitality industry is likely to witness new investment worth some Taka 10-15 billion in the next couple of years, hopes sector insiders mentioning at least 8- 10 new 5-star hotels are entering into market within the next 5-6 years, as the economy has been growing by over 7.50 per...
The Insurance Development and Regulatory Authority (IDRA) has issued a guideline in a bid to ensuring good governance, accountability, transparency and increasing financial discipline.The regulatory authority’s Chairman, Mohammad Joinul Bari, issued the guideline signed on October 19, stressin...
It’s manmade fiber that will play a pivotal role in the journey of reaching our target of US$ 100 billion export by 2030, said Abdullah Hil Rakib, Managing Director of Team Group and also a Director of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) in an exclusive interview...
Country’s readymade garment (RMG) export reached US$ 11.61 billion during the period of July-September of fiscal year 2023-24 up from US$ 10.27 billion in July- September of FY 2022-23 indicating 13.07% year over year growth, according to an official statistics. A category-wise disaggrega...
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