Bangladesh is the world’s second-largest apparel producer after China, but its industry leaders say international retailers are either refraining from placing orders, delaying buying decisions or demanding steep price cuts
Read More »GDP more of a ‘black box’ to common man: Economists
Some leading economists on Saturday suggested exploring ‘exceptional indicators’ that would help make the economic development visible and easily understandable to the common man.
Read More »Faruque Hassan to vie for top BGMEA post
Sammilita Parishad, a panel of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) registered members, started taking preparation for the trade body’s next election with formally announcing its panel leader, sources said.
Read More »Govt’s bank borrowing dips amid slow spending
The government’s bank borrowing plunged 90 per cent to Tk 3,033 crore in the first quarter of the fiscal year because of the slower development activities and lower than expected spending on subsidies and paddy and rice procurement.
Read More »How the hub of country’s trade stayed open through the pandemic
Customs House Chittagong plays a crucial role in the country’s international trade
Read More »BSTI includes 43 new products under mandatory quality certificate
Considering the growing demand among the general public on different products, including low fat milk, flavored milk, ice lolly, natural mehdi, dishwashing liquid, liquid toilet cleaner, nail polish, gold, cotton sari made in power loom, passenger car tires and rims and power transformer, Bangladesh Standards and Testing Institution (BSTI) has …
Read More »Asian markets mixed as US stimulus remains elusive
Asian markets were mixed Monday with traders increasingly pessimistic that US lawmakers will pass a new stimulus package before next week’s election, while spiking virus cases fanned worries about the economic impact of new containment measures.
Read More »Vietnam’s economy to grow by 3pc in 2020: Standard Chartered
Vietnam’s economy is expected to grow by 3.0 per cent in 2020, with rising consumption on improving sentiments and faster manufacturing driving the growth in the last quarter of this year, Vietnam News Agency cited a recent report by Standard Chartered Bank (SCB) as saying on Friday.
Read More »Outbound remittances remain largely untraceable
Foreign nationals working legally and illegally in the local, foreign and multinational companies in Bangladesh send home billions of dollars every year, but there is no reliable data that can capture the true extent of the outbound remittance.
Read More »Call money rate drops below 3pc
The weighted average call money rate in the country’s banking system has remained below 3 per cent for the last one-and-a-half months mainly due to the Bangladesh Bank’s expansionary monetary policy coupled with its measures to tackle the coronavirus outbreak, resulting in an excess cash flow in the banking system.
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