Beximco incurs losses amid banking crisis, factory halt
The Bangladesh Export Import Company Limited incurred a loss of Tk 243 crore in the second quarter (October-December) of the financial year 2024-25, losing Tk 2.58 per share....
Tags : export
External trade cost high
The cost of import and export in Bangladesh is significantly higher than India, Malaysia, Vietnam and Singapore due to inefficient customs clearance and uncompetitive logistics services.
BEPZA attracts 29pc of total FDI in FY24
The Bangladesh Export Processing Zone Authority drew 29 per cent of the total foreign direct investment of the country in the 2023-24 financial year, claimed the BEPZA...
鈥楤angladesh Single Window鈥� effective within March: Lutfey
Professor Lutfey Siddiqi, Special Envoy on International Affairs to the chief adviser, on Sunday said the 鈥楤angladesh Single Window鈥� will be effective within the month of March to ease the import and export processes for businesses...
RMG exports to EU soar by 24pc in Nov
Bangladesh鈥檚 apparel exports to the European Union increased by 24 per cent in November 2024 compared with those in the same month of the previous year...
Yarn-fabric show begins
The 23rd Dhaka International Yarn and Fabric Show 2025 (Winter Edition) organised jointly by CEMS-Global USA and CCPIT-Tex China began on Wednesday at the International Convention City Bashundhara in the capital Dhaka, said a press release...
Use of BSW made mandatory for import-export clearance聽
Import and export customs clearance in Bangladesh will require the mandatory submission of certificates, licences and permits, or CLP, through the Bangladesh Single Window or BSW system for seven government entities from February 1...
IPAs to come under one umbrella
Bangladesh interim government chief adviser Muhammad Yunus on Tuesday asked the authorities to bring all the investment promotion agencies under one umbrella to attract more foreign investment in the country...
BPGMEA places 5 proposals
The Bangladesh Plastic Goods Manufacturers and Exporters Association has placed five proposals to address the energy crisis...
Apparel exports to US declines slightly
Bangladesh鈥檚 apparel exports to the United States experienced a slight decline of 0.44 per cent during the January-November period of 2024, compared to the same period of 2023...
Professor Yunus asks BEPZA to promote Bangladesh abroad
Chief adviser Professor Muhammad Yunus on Monday asked the Bangladesh Export Processing Zones Authority to create a team for economic diplomacy and help promote Bangladesh abroad...
Export earnings rise by 12.84pc in H1 of FY25
Bangladesh鈥檚 export earnings in the first half of the current financial year 2024-25 stood at $24.53 billion, up 12.84 per cent compared to $21.74 billion in the same period of FY24, riding on the increased shipment of readymade garment products...
Beximco now Tk 1,424 crore loan defaulter at Sonali Bank
Bangladesh Export Import Company Limited, commonly known as Beximco Limited, and GMG Airlines Limited, both entities of Beximco Group, have defaulted on loans amounting to Tk聽1,544 crore with Sonali Bank PLC...
Prime Leaf to invest $8.84m in BEPZA EZ
Prime Leaf Processing, a company jointly owned by Singapore, UAE, and India, is set to invest $8.84 million to establish a tobacco processing industry in the BEPZA Economic Zone...
LOOKING BACK 2024: Exports follow RMG-dependent, low diversification patterns
Bangladesh鈥檚 export sector in 2024 has reflected a mixed bag of performance, marked by fluctuations, but the sector has largely followed its traditional patterns 鈥� heavy dependency on the readymade garment sector and very limited diversification...
EPL Accessories to set up plant at BEPZA EZ
The Bangladesh Export Processing Zones Authority (BEPZA) has signed a lease agreement with EPL (Export Link) Accessories Limited, a Bangladeshi company, to establish an accessories manufacturing industry in the BEPZA Economic Zone. The company plans to invest US$ 8 million in the project, creating employment opportunities for 610 Bangladeshi nationals...
No growth in RMG exports to non-traditional markets
Bangladesh鈥檚 readymade garment exports to non-traditional markets slightly declined in the July-November period of FY2024-25 due to reduced knitwear shipments, while earnings from...
Apparel exports to EU rise by 33.78pc in Oct
Bangladesh鈥檚 apparel exports to the European Union in October recorded highest growth of 33.78 per cent year-on-year, marking the strongest performance in the first 10 months of 2024...
Health, wellness toolkit for RMG workforce launched
AYAT Education, in partnership with聽the Bangladesh Garment Manufacturers and Exporters Association, John C Martin Foundation and Integral Global, officially launched a health and wellness digital toolkit for Bangladesh鈥檚 ready-made garment workforce on Thursday at BGMEA head office in the capital鈥檚 Uttara...
Netherlands envoy meets BGMEA administrator
Andre Carstens, ambassador of the Netherlands to Bangladesh,聽on Thursday met Anwar Hossain, administrator of the Bangladesh Garment Manufacturers and Exporters Association at BGMEA Complex,聽Uttara...
BEPZA invites Chinese cos to invest in Bangladesh
Major General Abul Kalam Mohammad Ziaur Rahman, executive chairman of the Bangladesh Export Processing Zones Authority, has invited Chinese investors to invest in Bangladesh...
Chinese envoy meets BGMEA administrator
Chinese Ambassador to Bangladesh Yao Wen today met Anwar Hossain, administrator of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), at the BGMEA Complex in the city...
German exports fall more than expected in October
German exports fell more than expected in October as demand from the United States slowed sharply, official data showed Friday, in more bad news for Europe鈥檚 biggest聽economy...
US Trade Representative, BGMEA discuss RMG issues
US Trade Representative Brendan Lynch and Trade Policy Analyst for South and Central Asia Emily Ashby met with the leadership of the Bangladesh Garment Manufacturers and Exporters Association at a hotel in Dhaka on Tuesday...
Govt should make United Power pay legal gas prices, review deal
UNITED Power Generation and Distribution Co Ltd, which owns two commercial independent power plants, set up with a combined capacity of 164MW in 2008 and 2009 that supply power to the export processing zones in Dhaka and Chattogram, is reported to have been raking up an abnormal amount of money in profit, more so since 2018, when it began...
US clean energy, defence to be impacted by China export curbs
China鈥檚 retaliatory export controls could take a toll on the growing US clean energy sector and its defence industry, analysts say, as a trade tussle escalates between the world鈥檚 two biggest economies...
RMG exports to US surge in Oct
Bangladesh鈥檚 readymade garment exports to the United States in October 2024 recorded the highest growth marking a 25-per cent increase in quantity and a 26-per cent rise in value compared with those in the same month of 2023.
CEPZ factory catches fire
A fire broke out at a carton factory in the Chattogram Export Processing Zone on Saturday evening. Eight units of the Fire Service and two units of the navy contained the blaze after about four hours.聽
Exporters to get incentive for shoe, bag made of synthetic-fabric mix under bond facility
Exporters will enjoy cash incentive for shoes and bags made of a mixture of synthetic materials and fabrics under the bond and duty drawback facilities, said the Bangladesh Bank...
Apparel exports up 12.34pc in July-Nov
Bangladesh鈥檚 readymade garment exports increased by 12.34 per cent year-on-year to $16.12 billion in July-November of the current financial year 2024-25 compared with those of $14.35 billion in the same period of FY24, driven by a pre-holiday rush for Christmas, Black Friday and Thanksgiving, as well as the clearing of the backlog...