Archive / Economy - 2019
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Bangladesh Textile Chemicals Market, 2013-2019 & 2024The "Bangladesh Textile Chemicals Market By Product Type (Colorants and Auxiliaries), By Cluster (Dhaka, Chittagong and Rest of Bangladesh), By Application (Apparel, Technical Textile and...Bangladesh suppliers to H&M, Next lay off workers after wage protestsAt least three garment manufacturers in Bangladesh that supply European brands such as H&M and Next have laid off thousands of workers weeks after they...BSEC approves First Security Islami Bank’s Subordinated Bond of Tk700 croreThe Bangladesh Securities and Exchange Commission (BSEC) on Tuesday approved a fully redeemable non-convertible mudaraba subordinated bond of Tk 700 crore in favour of First...A Week Of Deep Diving Into Mobile, Internet and Ride-hailing Trends In BangladeshI can’t believe it is February already. 2019 started with a lot of activities on the part of tech companies in Dhaka. For the first...Industries minister: Action against illegal drinking water tradersHe asked the industry leaders to submit the list of unauthorized and low quality water producing companies to the Industries MinistryIndustries Minister Nurul Majid Mahmud...Thousands of Bangladeshi garment workers jobless after protestMore than 7,000 garment workers in Bangladesh lost their jobs after they protested for higher wages, a leading trade union said Monday.Bangladesh supplies famous brands...Roundup: Bangladeshi experts, officials call for environment-friendly management of e-wasteThe total waste generated by obsolete or broken down electronic devices specially mobile phone, battery and charger in Bangladesh was estimated to be 400,000 tonnes...Global Bangladesh Market 2019 Bangladesh Petroleum Corporation, Petrobangla, Chevron CorporationThe report on global Bangladesh Market studies the market size (value and volume) by players, regions, product types and end industries, previous data 2014-2018 and...Indian, Thai rice markets quiet; Bangladesh clamps down on hoardersTop Asian rice exporters India and Thailand saw muted activity this week, while a government clampdown on hoarding pushed down local prices of the staple...Cambodia vs Vietnam: winners and losers of the global tensionsThe global map of fashion sourcing could take another turn due to political tensions. The trade war between China and the United States, the pressure...5,000 workers protesting low wages in Bangladeshi garment factories have been firedBangladesh’s giant garment industry, which supplies a number of brands including H&M, Walmart, Gap, and others, is notorious for its low wages. But for countless...PM seeks int’l community’s support again to send back RohingyasPrime Minister Sheikh Hasina on Wednesday renewed her call to the international community to force Myanmar to take back its over one million Rohingya nationals...Bangladesh CCCI bats for reducing USD 1 bn trade deficit with IndiaThe Chittagong Chamber of Commerce and Industry (CCCI) Wednesday said the huge trade deficit between Bangladesh and India needed to be bridged for which more...Bangladesh to sue Manila bank over $81 million cyber heist: central bank governorBangladesh will file a lawsuit in a U.S. court on Wednesday against Philippine bank Rizal Commercial Banking Corp (RCBC) over its role in one of...34 Bangladeshi companies to join consumer goods fair in GermanyIt is one of the most renowned trade fairs in the world for the consumer goods industry34 Bangladesh manufacturing companies which manufacture handicrafts, ceramics, jute...Businesses alarmed at 25% quota rise in state-owned vessels' cargo carryingThe cabinet has approved the Bangladesh Flag Vessels (Protection) Bill 2019 and Bangladesh EPZ Labour Bill 2019 The cabinet has approved in principle the draft of...Making Vietnam’s textile industry sustainableThe Vietnam Textile and Apparel Association (VITAS) and World Wildlife Fund (WWF) Vietnam are collaborating to transform Vietnam’s bourgeoning textile and apparel industry into a...Half of industrial loan defaulted in BangladeshThe recovery of default industrial loan would be a big challenge for the banking sector because the lion share of the non-performing loans (NPLs) amount...Brexit anxiety weighs on Bangladesh exports to UKThe growth prospect in the third largest market for Bangladeshi goods could weaken further as the uncertainty of a no-deal prospect still clouds the Brexit...UK praises Bangladesh’s achievements, amazing development storiesBritish High Commissioner in Dhaka Alison Blake has appreciated Bangladesh's achievements and amazing development stories, saying the United Kingdom will remain a partner in the...Nepalese envoy calls for exploring prospects in bilateral tradeActing Nepalese ambassador to Bangladesh Dhan Bahadur Oli on Saturday called upon the business leaders of Bangladesh and Nepal to explore enormous prospects in bilateral...Tripura guv calls for cordial relations with BangladeshTripura Governor Kaptan Singh Solanki today stressed on the need for cordial relations with the neighbouring Bangladesh for development of transport routes that would benefit...India-Bangladesh to finalise new waterway: Tripura CMTripura Chief Minister Biplab Kumar Deb said on Thursday that Indian and Bangladesh officials will finalise various aspects of a proposed waterway between the two...Bangladesh calls for fair prices for garment itemsBangladesh has said its readymade garment (RMG) industry that complied with the international standard set by the buyers now needs fair pricing to meet any...Smart borders to boost trade in South AsiaThe world trading system has become increasingly open textured over the last few decades. The triggering factors for this have been the reduction of tariff...Afghan envoy urges PM to reopen Bangladesh mission in KabulRecalling the long history and close relations between the two countries, Malikzad said his country is keen to promote trade and business relations with Bangladesh Newly...Protein for Fowls: Poultry industry wants ban liftedPoultry industry people want the government to lift the ban on import and sale of meat and bone meal (MBM), a protein concentrate for chicken.They...Everything we (think we) know about the Samsung Galaxy S10Samsung is expected to unveil its Galaxy S10 smartphones just weeks from now at an event on February 20, ahead of tech conference MWC, but...Why are wages so low for garment workers in Bangladesh?How can a charity-backed T-shirt come from a dismal factory where staff are abused and do gruelling work for low pay?The Spice Girls and Comic...Cut from cloth, a nationLast week, hundreds of garment workers in Bangladesh took to the streets of Dhaka demanding wage hikes and protesting pay disparity. More than 50 factories...How Sheikh Hasina changed Bangladesh from a basket case to a middle income countrySheikh Hasina’s unprecedented electoral success that brought her to power for a record fourth time will not only continue to ensure stability along India’s eastern...2 Reasons To Sell Tesla: $920M And $26,250A little more than two months from now, Tesla -- in which I have no financial interest -- could have a considerably lower cash balance.How...Bangladeshi delegation visits EU ahead of national shrimp plan talksA Bangladeshi shrimp delegation is due to meet with European sector representatives late in February, ahead of forming its "shrimp national action plan".The Netherlands Enterprise...Vegetable prices still highPrices of different varieties of vegetables have remained mostly high over the past week in the kitchen markets, with supplies of winter items flooding the...Honda launches new bikes in BangladeshBangladesh Honda Private Limited (BHL) on Friday launched two new models of motorcycle for the country’s market at a ceremony in the city.The company's managing...What plagues our ship-breaking industry?The ship dismantling process in Bangladesh started in 1974 but was not recognized as an industry until 2006. The Labour Act 2006 recognized it as...BAPI congratulates PM’s new adviser Salman F RahmanThe Bangladesh Association of Pharmaceutical Industries (BAPI) has congratulated Salman F Rahman on his appointed as the prime minister’s adviser for private industry and investment.Beximco’s...Workers' wages rise in 6 gradesAfter eight days of labour unrest, the government yesterday announced a revised pay structure for the garment sector, with a slight increase in both basic...Golam Dastagir Gazi new Bangladesh textiles & jute minGolam Dastagir Gazi has taken charge as the new textiles and jute minister of Bangladesh. Dastagir, who is also the president of Bangladesh-China Chamber of...Migrant workers' jobs at stakeA huge number of Bangladeshi expatriates employed in blue-collar jobs might have to return home as two billion jobs will be displaced by 2030 because...Pharmas should adopt innovation through alliance with academiaThe pharmaceutical industry in Bangladesh has done remarkably well, growing at more than 15 percent a year, with sales of approximately $2.4 billion in 2017....https://www.thedailystar.net/business/news/dhaka-intl-trade-fair-begins-1685140Garment President M Abdul Hamid yesterday urged the business community to come forward to create more job opportunities for the country's youths.“Thousands of meritorious youths...Bangladesh police, garment workers clash in protestsBangladesh police fired tear gas and swung batons as thousands of garment workers demonstrated for better wages for a fourth day Wednesday, shutting down factories...Bangladesh clashes prompt garment industry wage reviewBangladesh, the world's second biggest garment exporter behind China, will consider demands for an increase in the minimum wage, a minister said, after a third...Why trade policy is inhibiting export diversificationExport diversification must be a formidable challenge: we have been talking about it for over two decades without nearing a solution, with dependency on garment...Liaquat Hossain Moghul appointed chairman of EU Trustee BoardLiaquat, also one of the pioneers of the ready-made garments (RMG) industry in Bangladesh, is engaged in social, cultural, and other philanthropic activitiesLiaquat Hossain Moghul,...Sheikh Hasina to be sworn in as Bangladesh PMSheikh Hasina will be sworn in as Bangladesh’s prime minister for a record fourth term on Monday after her Awami League’s landslide victory in the...Dhaka Bank signs MoU with Unifill GroupDhaka Bank has signed Memorandum of Understanding (MoUs) with Unifill Group for providing Payroll Banking Services and Cash Management Services to the group at the...GEF: Bangladesh economy to enjoy prosperous 2019The revenue collection will face short of target due to poor business gain and slow growth in the private sector The Global Economist Forum (GEF) has...Sarojganj Bazar in Chuadanga goes upscale with ‘quality’ molassesSarojganj Bazar, the country’s largest date molasses market in the district, is abuzz with huge buyers with the dip in mercury.Buyers from across the country...As international factory safety group ordered to leave Bangladesh, garment workers fear return to deadly work conditionsIn April 2013, a garments factory collapse at the Rana Plaza building in Savar, Bangladesh, left 1,134 people dead. The tragedy exposed the lack of...Speakers demand improving ease of doing businessSpeakers at a dialogue on Thursday called for effective and essential reforms to attract investment and improve the ease of doing business in Bangladesh.The calls...Facing mid-year slump, Bangladesh shrimp industry again pushes for vannameiIn the midst of a mid-fiscal-year slump, the Bangladeshi shrimp industry is again urging its federal government to allow vannamei cultivation in the country, The...In Conversation with RAFIQUL ALAMCelebrated musician and revered Shadhin Bangla Betar Kendra artiste, Rafiqul Alam has been making waves in the Bangladeshi music industry through his playback and 'adhunik'...Study cites Bangladesh progress amid political uncertaintyFollowing on from December which saw yet another delay in proceedings regarding the future of the Accord on Fire and Building Safety in Bangladesh, new...Asia shares mixed, Shanghai gains after Apple sales warningAsian markets were mixed on Thursday after tumbling more than 1 percent on the first trading day of 2019. Apple downgraded its sales projections, citing...Disney hauls in $7.325 billion at box office in 2018Disney posted its second best year at the box office ever, raking in $7.325 billion worldwide for everything from "Black Panther" and "Avengers: Infinity War"...227 MW of solar green lit for BangladeshWhile approving the proposals, the cabinet committee on public procurement, chaired by finance minister AMA Muhith, agreed to buy electricity from the plants at the...Bangladesh PM Wins 3rd Term After Violent Election, Accusations Of RiggingPrime Minister Sheikh Hasina and her ruling alliance have secured another term in power following Bangladesh's general election Sunday, during which the military was deployed...