News

Bangladesh received $2.56 billion FDI in 2020

The industry has been reeling from two lockdowns during peak sales season

CHATTOGRAM: The newly-elected leadership of BGMEA in Chattogram sought the Chattogram Metropolitan Police (CMP) cooperation to maintain law and order just before Eid in Chattogram. BGMEA leaders and CMP officials held a meeting in this regard on Tuesday.

The county’s apparel and textile makers have urged the government to allow duty-free import of all raw materials, including different types of fibres for the clothing sector.

The government has opened up the submarine cable licensing regime for private companies in apprehension that the country may fall into bandwidth scarcity by the year 2024 when the country’s demand would reach 6 terabyte per second.

The pandemic is showing no signs of abating but still 41.8 per cent of Japanese companies in Bangladesh during 2020 wanted to expand business in the next two years, according to a survey by Japan External Trade Organization (Jetro).

‘The RMG sector, which accounts for approximately 80% of Bangladesh’s total exports, has suffered in various ways due to the pandemic’

ADB is establishing a secretariat to operationalize the hub

When the country’s economy is going through a tough ride due to the Covid-19 pandemic, SM Group, a leading conglomerate of ready-made garment (RMG) and textile sector in the country, is showing some sort of hope by opening an export-oriented accessories factory.

The National Board of Revenue has taken a move to resolve the problem related to 30,000 unsettled export consignments with short shipment to facilitate exporters getting cash incentives and other services from the Bangladesh Bank.