Industrial shares retreat in US
Major US equity indices retreated from records early Tuesday after shares of several large industrial companies fell following earnings reports...
Tags : Industrial
Looming e-waste catastrophe in the age of 4IR
THE Fourth Industrial Revolution promises a dazzling future: hyper-connected cities, intelligent automation, ubiquitous sensors and AI-driven efficiency. For Bangladesh, embracing these technologies is not merely aspirational; it is considered essential for economic leapfrogging, enhanced governance and improved quality of life for millions. Yet, as we rush headlong into...
SME Foundation, UNIDO to work on circular economy
The Small and Medium Enterprise Foundation and the United Nations Industrial Development Organisation have planned to collaborate on fostering environmentally friendly initiatives, promoting circular industries, and supporting circular economy-based startups and micro, small and medium enterprises in Bangladesh...
When trade becomes trap
IN THE grand narrative of Bangladesh鈥檚 rise from a war-torn country to a development model for the global south, trade has always played a pivotal role. With exports crossing the $60 billion mark in the 2023 financial year, up from just $6.5 billion two decades ago, Bangladesh has showed how the strategic use of comparative advantage and an export-oriented...
Eco-Industrial Parks light touch activities launched in Bangladesh thru workshop
Eco-Industrial Parks light touch activities in Bangladesh was launched on Wednesday, says a press release.
Industrial term loan disbursements fall
Industrial term loan disbursements declined notably in the January鈥揗arch quarter of 2025 comparing with the same period in the previous year, reflecting the deepening economic crisis stemming from persistent political unrest, a volatile business climate, and ongoing distress in the banking sector...
4,242 factories clear festival allowances
So far, a total of 4,242 factory units of various industrial hubs and export processing zones have paid their festival allowances as of Sunday ahead of Eid-ul-Azha, one of the biggest festivals for the Muslims, according to the Industrial Police data...
Research in the age of 4IR
BANGLADESH鈥橲 economic growth has largely relied on low-cost labour and export-oriented manufacturing. Built mostly on unskilled or semi-skilled work, this model has long overlooked the importance of research and innovation. Even today, in a fast-changing and technology-driven world, the legacy of this approach continues. But the Fourth Industrial Revolution (4IR)...
Businesses offer Tk聽550cr for LNG import: Hatem
Bangladesh Knitwear Manufacturers and Exporters Association president Mohammad Hatem said that the industrialist have proposed the government to provide Tk聽550 crore to import liquefied natural gas to address the ongoing gas issues in the country鈥檚 garment and textile sector...
Industrial failures rooted in past misrule: Sakhawat
Labour and employment adviser Brig Gen (retd) M Sakhawat Hossain on Saturday blamed past misgovernance and political abuse for the failure of the country鈥檚 industrial sector, stating that factory owners used to hold political power and parliamentary positions, leading to exploitation rather than fair governance...
Call for trial completion, redress renewed
Different political parties and labour rights organisations specially the garment worker rights bodies on Thursday observed the 12th year of the Rana Plaza collapse, the deadliest industrial accident in the country, with the demand for completing the trial of the owners of the factory responsible for the accident...
Safety condition improves, challenges remain
Bangladesh鈥檚 readymade garment industry has undergone a significant change in the aftermath of the Rana Plaza collapse, one of the deadliest industrial accidents in the country, but there are still in the sector many issues to be addressed...
Degrees that deliver
UNIVERSITIES in Bangladesh have recently begun shifting towards outcome-based education, a framework that prioritises student competencies, application-oriented learning and accountability in educational outcomes. While this change signals an encouraging response to the demands of the global economy and the fourth industrial revolution, a mismanaged...
A sign that authorities should not overlook
A persistent decline in private-sector credit growth is concerning. A sluggish private sector credit growth has a direct negative impact on industrial expansion, new investment and employment opportunities. The private sector credit growth fell to 6.82 per cent in February, hitting its lowest in the past two decades, according to available Bangladesh Bank data. A...
Diversification of export products, markets necessary
DESPITE a remarkable advancement in the industrial sector, with its contribution now standing at more than a third of the gross domestic product, it has failed to diversify export-oriented industries, products and markets. A lack of comprehensive and consistent policies and the failure to effectively implement the few that are there are said to have led to such a state. An...
Industrial term loan release drops
Industrial term loan disbursements declined in the October-December period of 2024 compared with the same period of the previous year, reflecting the ongoing economic distress driven by political unrest and sharp depreciation of the local currency.
2,282 apparel units yet to pay March wages
According to the latest report of Industrial Police, 2,282 readymade garment and textile factories are yet to clear half or full wages for March...
China Exim Bank to support relocation of industrial plants to Bangladesh
Chairman of China Export-Import Bank Chen Huaiyu on Thursday said that his bank would support the relocation of Chinese manufacturing plants to Bangladesh to make the country a platform for export to other nations...
Bank branches at industrial areas to remain open in Mar 28-29
Branches of the scheduled banks in the readymade garments industrial areas will remain open in March 28-29 to facilitate payment of garment workers鈥� salary, Eid聽bonus, allowances and export-import activities...
Beximco workers鈥� arrears to be paid by Mar 25
According to the Ministry of Labour and Employment, the arrears of laid-off workers of 14 closed factories of the Beximco Industrial Park are being paid...
WAGES, ALLOWANCES BEFORE EID: Industrial Police says 200 RMG units may not pay
Uncertainty loomed over the payment of wages and bonuses of readymade garment workers in 200 factories ahead of Eid-ul-Fitr, one of the biggest religious festivals of the Muslims to be held at the end of March, according to the Industrial Police...
Beximco continues paying arrears to workers
According to the Ministry of Labour and Employment, the arrears of laid-off workers in 14 closed factories of the Beximco Industrial Park are being paid...
Workers of nine closed Beximco units get arrears
According to the Ministry of Labour and Employment, arrears of laid-off workers of 9 out of 14 closed factories of the Beximco Industrial Park have been cleared as of Monday...
LAID-OFF BEXIMCO WORKERS: Govt hands over Tk 525cr to pay dues
The government on Thursday handed over a cheque for Tk 525.46 crore to pay all arrears of laid-off workers and staff of 14 closed factories of Beximco Industrial Park...
Beximco workers to get arrears from March 9
Labour and employment adviser Brigadier General (retd) M Sakhawat Hossain on Thursday said that the government would pay the dues of the laid-off workers of 14 industrial units at the Beximco Industrial Park in phases from March 9...
Cabinet body decision on Beximco Industrial Park today
According to a statement from the labour and employment ministry, the advisory council committee for reviewing the Beximco Industrial Park鈥檚 labour and business situation will give a briefing at noon today at the Bangladesh Secretariat...
BCSIR鈥檚 Science and Industrial Technology Fair concludes
Bangladesh Council of Scientific and Industrial Research concluded the three-day Science and Industrial Technology Fair-2025 on the BCSIR premises in Dhaka on Wednesday...
Four-day int鈥檒 plastic fair begins
Commerce adviser Sk Bashir Uddin on Wednesday said that the plastic products could play an important role in tapping the potentials for diversifying further the country鈥檚 exportable items...
BITAC holds seminar on AI
The Bangladesh Industrial and Technical Assistance Center, with the supports of GOTT SDN BHD, Malaysia and MICRO MAX Technologies Limited Bangladesh, held a seminar on Artificial Intelligence to face the Fourth Industrial Revolution at the BITAC building in Dhaka on Saturday...
Current business policy discourages investment, industrial growth: Hatem
Bangladesh Knitwear Manufacturers and Exporters Association president Mohammad Hatem urged the interim government to implement policies discussing with business people and other stakeholders to attract more investment, grow industries, and generate more employment...