Archive / Economy - 2021
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Britain's economy set to outpace every nation in the G7 in 2022Britain’s economy is on track to outpace every other country in the G7 in 2022 for the second year in a row, according to analysts,...UAE pledges to lead disruptive industrial growth at GMIS 2021The UAE pledges to lead disruptive industry advancement at the Global Manufacturing and Industrialisation Summit, positioning industrialisation at the heart of economic recovery from the...MoIAT signs pact with Abu Dhabi’s DED and Adnoc to boost locally made productsThe UAE's Ministry of Industry and Advanced Technology (MoIAT) teamed up with Abu Dhabi's Department of Economic Development and Abu Dhabi National Oil Company on...FII: Drive to find solutions to fund net-zero transition picking up pace, HSBC chief saysThe momentum to find financing solutions for the transition to carbon neutrality has picked up pace but public and private capital flows from the developed...World Bank to donate $80m to boost Palestinian economic opportunitiesThe World Bank’s board has recommended the allocation of $80 million to support the economic welfare and durable opportunities for Palestinians.The funds, in the form...Abu Dhabi unveils 'virtual' business licences to boost foreign direct investmentThe Abu Dhabi Department of Economic Development (Added) unveiled a virtual licence for non-resident foreign investors as part of its efforts to attract new investments...UK retail sales drop for fifth month in a rowBritish retail sales dropped for the fifth month in a row in September, adding to signs of weakness in the economic recovery amid a rise...UAE, Saudi Arabia and Kuwait to continue backing Bahrain's fiscal balance programmeThe finance ministers of Saudi Arabia, the UAE and Kuwait said they will continue to support Bahrain's Fiscal Balance Programme, which aims to achieve a...Migrants and refugees can be an ‘immense source for development’ but face hurdlesMigrants and refugees can be an immense source for development but they face several barriers that bar them from participating effectively in societies in which...John Lewis states that Crocs have defined 2021Department store John Lewis has published its ‘Shop, Live, Look’ report for 2021, which reveals that the work-life balance has shifted towards life, with tents,...Investcorp buys US industrial properties for $380m on back of logistics demandInvestcorp, the alternative asset manager that lists Mubadala Investment Company as its biggest shareholder, has bought industrial properties in the US to boost its real...USDA launches $27m trade facilitation project for BangladeshUS Department of Agriculture (USDA) today launched a $27 million project to support the government to expand cross border trade in agricultural goods by simplifying...New German law may affect trade with BangladeshBangladesh businesses will have to ensure the protection of basic human rights and the environment in production to keep trading with Germany, as the biggest...Federal Plastics Tax Is Not a Good Revenue RaiserOne of the Senate’s proposals to pay for the Build Back Better Act is a federal excise tax on virgin plastics, which are plastics that...Chinese FDI in Bangladesh sees huge jumpForeign direct investment (FDI) from China to Bangladesh has jumped by about 200 per cent year-on-year to $418 million in the past seven months, according...Cambodia, Thailand, Laos, Vietnam, Malaysia, Philippines, Myanmar, Indonesia can follow the ‘Bangladesh Economic Rise Model’Present-day, Bangladesh is one of the developing economies of the world. In 2015, Bangladesh graduated from LDC status and became a low, middle-income country. Many...Exports to Bhutan go up as trade agreement kicks inBangladesh's exports to Bhutan could rise on the back of the bilateral trade pact signed last year after shipment to the South Asian nation has...Apparel export to EU awaits severe competition: expertsBangladesh will face severe competition in garment shipment to the European Union (EU) once it makes the United Nations status graduation from a least developed...Thailand eases curbs on retail, restaurants to spur economyThailand will lift most coronavirus restrictions on retail and dining from next month and permit gatherings of up to 25 people in Bangkok and other...UAE sheltering Afghan refugees may jeopardize Bangladesh's labour exportThe evacuees will travel to the UAE from the Afghan capital of Kabul on US aircraft in the coming daysBangladesh’s export of labour to the...Buckle reports jump in Q2 net sales, incomeUS fashion retailer Buckle has reported a jump in net sales and income in the second quarter of the year.For the three months to July...Fire hazard leads to further product recall for LG residential battery storage systemsA product recall has been announced for around 10,000 units of residential battery energy storage systems (BESS) by manufacturer LG Energy Solution Michigan in the...Furniture maker ACL secures new MEIF capital to expand product rangeA Black Country furniture manufacturer has secured a new £500,000 funding package to help it broaden its product range.Dudley-based ACL designs and makes bespoke fabric...Possibilities of economic cooperation between Nepal and BangladeshAlthough Nepal and Bangladesh are neighboring countries, trade and economic relations between the two are negligible. We are conscious of promoting trade and economic cooperation...HSBC: Consumption propelling growth in Bangladesh‘We think the country is on the cusp of an industrial revolution as incomes rise and technology plays an ever-increasing role in the economy’Bangladesh’s economy...Don’t over-react to temporary jump in inflation: BoE governorBank of England Governor Andrew Bailey said on Thursday it was important not to over-react to a rise in inflation that was likely to prove...Influencers are better regulators than the FDAThe commercial cosmetic market addresses consumer concern and prioritizes safety faster and better than the FDA in recent years.Fear mongering specials by USA Today, CBS,...Bangladeshis among IMF-predicted 80m more hardcore poor worldwideAn additional 80-million people of low-income countries, including Bangladesh, are likely to enter into Covid-induced extreme poverty during 2020-21, the International Monetary Fund (IMF) has...LanzaTech, lululemon Partner to Create First Fabric Made from Recycled Carbon EmissionsBiotech startup LanzaTech has partnered with high-end athletic apparel brand lululemon to create the world’s first yarn and fabric made from captured carbon emissions. LanzaTech...Stitt Solar named authorized dealer of SunPower productsRogers-based renewable energy company Stitt Solar recently announced it’s the first SunPower authorized dealer in Arkansas and will only offer SunPower products to residential customers.SunPower,...How the gas industry is trying to keep crappy heaters on the marketThe American Gas Association, or AGA, the gas industry’s most powerful trade group, says it supports energy efficiency. The AGA frequently advertises how much its...Five Fashion Brands Saving Our Planet One Stitch at a TimeWith record-breaking temperatures across Oregon this week, the need to dramatically decrease our carbon footprint is more vital than ever before. Even though fast fashion...Why a seasoned energy executive sees a bright future in long-duration energy storage from ESSWhen Eric Dresselhuys got a call from the board of directors at ESS earlier this spring asking him to come on as Chief Executive Officer...Some furniture could face 25% duties in Section 301 India investigationA government investigation into India’s taxation of digital services could result in duties of 25% on more than two dozen Indian-sourced products including bedroom furniture...Seizing the opportunities of a circular economy in textilesThe global textiles market is estimated at around $1.4 trillion, and employs over 300 million people, especially in developing countries like Bangladesh, Brazil, China, India,...COVID-19 pandemic contributes to booming business, major delays for furniture industryIf you’ve recently bought new furniture and it seems to be going for a long time to get to you, you’re not by yourself!There are...India may extend anti-dumping duty on Bangladeshi jute goodsRather than lifting anti-dumping duty as requested by Bangladesh repeatedly, India is currently conducting a 'sunset' overview of jute goods imported from Bangladesh.The 'sunset' review,...Bangladesh economy faces a fresh blow: MCCIBangladesh's economy is facing just one more blow due to the resurgence of Covid-19, the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) has said.The...ACI Motors gets 84C in foreign investmentIt really is now eyeing capacity expansion, alongside establishing an assembly plant for Foton commercial vehiclesACI Motors, a subsidiary of Advanced Chemical Industries (ACI) Ltd,...Cargill CEO says plant-based will 'cannibalize' protein businessCargill CEO Dave MacLennan has said that his company is finding its way through a major shake-up in its business over the next couple of...Govt data on economy contradicts realityPrivate sector credit growth has been sluggish, capital machinery imports declined, and industrial production grew slower in the outgoing fiscal year than a year ago.The...Our localized marine megafauna need urgent protectionIt is extremely thought-provoking to see how the growing fascination found in conserving terrestrial megafauna (for example, the Bengal Tiger) is starkly different from the...Speakers: Better negotiation abilities key to accomplishment after LDC graduationAs a developing country, after 2026, readymade garment (RMG) and other key export sectors will have to face different duty and non-duty methods in the...India Falls In back of Bangladesh in Per Capita Profit by $280Once described as a “bottomless basket" simply by US Secretary of Talk about Henry Kissinger, Bangladesh is fast emerging as a bull overall economy, outpacing...Japan power firm JERA to test ammonia petrol at coal-fired plant to slice CO2Power generation enterprise JERA Co. said Mon it will begin using ammonia just as a gasoline at a coal-fired ability plant in central Japan as...What India can study from Bangladesh about closing its gender gapIndia’s eastern neighbour, Bangladesh, has recently garnered worldwide acclaim for its strides in individual advancement. Among the indices that contain revealed improvement in the united...Bangladesh government more likely to finalise Tk 2.25tn development budgetThe government will probably approve a Tk 2.25 trillion worth of twelve-monthly development program (ADP) for another fiscal year with a special priority to medical...Global seaborne coal trade on 2021 to grow more than 5% after 2020 slump: AssocarboniGlobal seaborne coal trade volumes in 2021 are anticipated to grow more than 5% from 2020, with an additional increase seen for 2022 despite decarbonization...Bangladesh requires a clear strategy for GSP+This February, Bangladesh received the endorsement of the US Committee for Development Policy (UNCDP) regarding its final timeline for exiting minimal Developed Countries (LDCs) group....Bangladesh, Indonesia push for early trade dealBangladesh and Indonesia stressed the first signing of the Preferential Trade Agreement (PTA) to improve the duty-free exports of potential commodities of the two nations...Bayer's agriculture business buoyed by higher produce prices in Q1Bayer BAYGn.DE said prospects because of its agriculture business, the world's largest supplier of seeds and pesticides, have brightened through the first quarter as demand...Ray Grant Recalls Early PROPERTY Roots In Severna ParkRay Grant’s heyday due to an agent looks nothing just like the real estate marketplace today. Back the 1950s, possible clients would walk into his...College of Agriculture alumna creates retail, bulk meat businessSierra Day, College of Agriculture alumna, uses the word “opportunity” to describe High Prime, her new custom retail and bulk meat business.Day was born and...Furniture Related Product Production Industry | BizVibe Adds New Manufacturers THAT MAY BE Discovered and TrackedCompanies listed under the NAICS category for furniture-related product manufacturing are defined as being mainly engaged in manufacturing mattresses and/or blinds and shades. BizVibe's thorough...VCI doubles objectives for Germany's chemical substance industry in 2021Germany's chemical industry association VCI (Frankfurt) has doubled its expectations for 2021, telling it now expects chemical substance development to grow by 3% this year...Nordson Electronics Answers to Showcase Printed Circuit Panel Assembly and Semiconductor Product packaging Apparatus at Productronica China and SEMICON China INDUSTRY EVENTSNordson Electronics Alternatives, a global leader in electronics production technologies, is very happy to announce they'll showcase many new dispensing, conformal covering, selective soldering, and...XPeng and Guangdong Provincial Investment Arm Ink Strategic Agreementa leading Chinese smart electric car (“Smart EV”) enterprise, today announced that its subsidiary in China has already reached a strategic cooperation contract with Guangdong...Pilot job to try veterinary wellness products on for sizeThe decision is coming for feed companies attempting to add “health and wellness” products into their lineups.The Canadian Foodstuff Inspection Firm (CFIA) and Wellbeing Canada...India, Bangladesh to indication economic pact over upcoming five years: EIUIndia and Bangladesh are anticipated to sign an economic partnership agreement over another five years that will preserve trade privileges for Bangladesh.Based on the Economist...Improve connectivity to improve NE economySeamless transport connectivity between India and Bangladesh, specially the Northeastern states, gets the potential to increase countrywide income by as many as 17 % in...Agricultural Enterprise Fund Accepting New ApplicationsThe Tennessee Department of Agriculture (TDA) is accepting applications from agricultural, food, and forestry businesses to receive cost-share funding through its Agricultural Enterprise Fund (AEF)...The brand best known for its hydration packs has created a men's and women's running collection.Nathan has been outfitting athletes with hydration packs and other essential equipment for a lot more than three years. Now the company can be branching...Old-fashioned farming in west-central Minnesota showcases 'root of agriculture'The Gatewood family farm in rural Kandiyohi County is similar to an old-fashioned farm from the last century, with from dairy cows to sheep to...Female garment worker numbers in decline: surveyThe percentage of female personnel in the garment industry declined between 2015 and 2000, according to a survey. In 2020, 59.2 per cent of the 4.22...International Fashion Show shared fashion from 6 countries, one continentOn March 6, the International Coordinating Council shared presentations from six countries and one continent: Sri Lanka, Pakistan, Philippines, India, Iran, Thailand and Africa. Barikisu...BIFMA launches registry for compliant furniture productsBIFMA International, the business enterprise & Institutional Furniture Manufacturers Association, has launched the BIFMA Compliant merchandise registry, an industry-huge registry of furniture products conforming to...India pleased with Bangladesh’s graduation from LDC statusIndia today expressed contentment about Bangladesh's graduation from the position of Least Developed Countries (LDC) and promised to keep support to the country's development efforts."We...The commercial property keeps cruisingExperts claim the commercial market in Colorado Springs is poised for continued expansion in 2021 - even as the region recovers from the pandemic-related monetary...Wall Street Journal lauds Bangladesh’s booming economyA massive 80% upsurge in exports in Bangladesh in the last decade has coincided with a dip in neighbouring India and PakistanRenowned US-established business daily...Momen: Huge scope for Japan-Bangladesh private sectors to engage in trade, investmentDhaka intends to summarize Free of charge Trade Agreement with Tokyo, says finance ministerForeign Minister Dr AK Abdul Momen has reported there is an tremendous...Rangs to rev up car assemblyRangs Limited, a problem of Rangs Group, ideas to expand its line of locally assembled vehicles this year to tap into the spiralling demand for ...Costco, Full Foods rise in Greenpeace rankings of grocery chains’ plastic useCostco’s strides to reduce product packaging landed the Issaquah-based wholesale club at No. 6 on Greenpeace’s best-to-worst rating of 20 large grocery chains’ improvement in...Tennessee company pushes its plan for a fresh solar farmNashville-established Silicon Ranch Corp. is continue this week on its strategies to a create a second solar farm in rural Washington County.Company officials are slated...3 Absurdly Cheap Clean Energy StocksSaying "cheap" anywhere close to clean energy stocks seems extremely difficult today. Some companies happen to be trading at over 100 times revenue, and valuations...Bangladesh's handicraft export may make little progress over yearsBangladesh's handicraft export produces little progress over yearsBangladesh's handicraft sector cannot flourish according to the expectations due to a lack of insurance policy support, sector...Engineering Value: Choosing the right Fabric for Proper ShadingCreating a perfect solution is often a team work. Such may be the case in terms of shading alternatives and partnership between Draper® and Phifer,...Very best adjustable desks: Stand or perhaps sit with double-duty business furnitureAll bodies aren't created equal, so any desk where we parkours for a lot of the day should offer some degree of personalization. But most...Omega Seiki Flexibility to set up electronic vehicle production plant in BangladeshOmega Seiki Pvt Ltd, the Electric vehicles manufacturing company of Anglian Omega Group is certainly setting up an Electric vehicle manufacturing unit near Dhaka on...What sort of Howard University senior switched a family clothing organization into his legacyIt was 1966 in the boroughs of Queens, New York. Ortner “Von” Murray had just immigrated from Trinidad and Tobago to provide a better lifestyle...Bangladesh economy starts recovering, but hurdles remain: MCCIBangladesh's overall economy has started dealing with the Covid-19 shocks, even though some major challenges are there in a few areas for maintaining its growth...Why Chemical Organization Dow Is preparing to Put Its Doldrums BehindEverything is breaking ideal for chemical company Dow, but market analysts have didn't notice. This is onetime when investors will get in before Wall Street.It’s...US’s biggest denim distributor in 2020? BangladeshIn 2020, Bangladesh exported denim products worth $561 million to the USBangladesh became the major denim exporter to the US last year, in what may...Little garment factories struggling to stay afloatThe dearth of work orders from international retailers and brands to small and medium-sized garment factories is indeed acute that lots of entrepreneurs are searching...Pandemic realigns consumer furnishing prioritiesThe COVID-19 pandemic has already established a profoundly disruptive influence on consumer lifestyles, impacting everything from how they spend time in their homes to how...Lentil imports increasingLentil imports increasingBangladesh's lentil imports are on the rise because of increased consumption amid inadequate domestic development.Farmers produce 1.75 lakh tonnes of lentils annually while...Meet up with the seniors who crafted these runway-ready collectionsAs New York Vogue Week drew to a close on Feb. 18, editors, buyers and fashion fans surely got to look at firsthand how the...Beyonce's new Ivy Recreation area x Adidas collection drops today-here's where you can buy 'Icy Park' before it sells outActivewear as all-day wear is probably the biggest trends to come out of 2020 and there is no sign of it abating found in 2021...The electrification of the auto industry is speeding up-and shaking up the energy economyOn a sunny day 18 years back this month, I found myself in a Sacramento park, surrounded by tall trees, shiny cars, and green hype....‘All-iron’ flow electric battery maker ESS Inc launches ‘configurable’ megawatt-scale productESS Inc, the US-headquartered manufacturer of a good flow battery using iron and saltwater electrolytes, has launched a fresh range of energy storage systems beginning...Auto restoration fuels optimism for Europe's earnings seasonMore broadly, Germany's vehicle industry association said on Tuesday it was optimistic for a restoration in the next half of 2021 regardless of the closure...Amid industry upheaval, Bangladesh is a safe couple of handsHigh streets all over the world are changing quickly. The coronavirus pandemic provides led to a great number of shop closures and seen an increasing...Secret Textile Factories in Morocco Supply Zara, MangoDespite functioning illegally and subjecting their workers’ to inhumane conditions, clandestine Moroccan textile companies supply distinguished European brands, including Zara and Mango.Spanish current information outlet...Burning wood waste for energy increasing in timber-rich GeorgiaEarly one morning in mid-December, Cheryl Adams got away of bed and peered outside the house. The fog that obstructed her viewpoint of the industrial...10 Years On: Auto Sector Leading Biz Growth into TohokuThe automobile industry is leading a wave of business expansion into the Tohoku northeastern Japan region to aid a revival there following the March 2011...Here's Another Opportunity Department Stores Can't Capitalize OnThe retailing industry may finally be crawling out of its COVID-prompted slump. It's only rebounding, even so, back into a pre-pandemic headwind that's still picking...How Digital Transformation Might Impact The Commercial Real Estate Market In 2021The Biden administration has not outlined its plans for the environmental policy for commercial property yet, however the 46th president of america has pledged to...Chemical Recycling Is No Silver Bullet for Eliminating Plastic material WasteA paper published last fall in Chemical & Engineering Media (CEN) by the American Chemical substance Society (ACS), “Businesses are positioning big bets on plastics...Inside Ikea’s Ambitious Plan To Make Cheap Furniture Last ForeverThe Ikea store in Queens, New York, which opened on Jan. 14, marked a determined departure for the iconic home furnishings brand. Located in the...How to spend less on clothing, without sacrificing your styleWhether you're a vogue maven or about the fundamentals, buying clothes must not be a budget buster.And while you will possibly not be spending very...Dev spending lowest in 5yrsGovernment firms could spend 28.45 % or Tk 61,048 crore allocated for expansion projects in July-January of the existing fiscal year -- the cheapest in...A few bad apples spoiling Bida’s OSS barrelAs the government is fervently checking out new methods to draw investment to improve monetary growth, some state bodies continue steadily to cling on to...Tea gardens choose new pruning method while harvest beginsWith winter arriving at a finish, farmers have begun to harvest their tea trees. Therefore, longer rows of leafless shrubs can be seen from a...Zero cheer for flower growers, traders because of coronaFlower growers and florists in the united states are passing an idle time with gloomy faces seeing as the sale of blossoms hasn't gathered pace...Post-LDG export loss may create latest poorAt least 66,622 persons would fall below the poverty line as a result of decline in exports following Bangladesh's graduation to a developing nation from...Pandemic caused a bigger blow to Bangladesh’s exports than its competitorsBangladesh's export video game was much slower than its closest competition amid the Covid-19 pandemic, said the US Conference on Trade and Production (UNCTAD) on...Between two superpowersThe core message of President Joe Biden’s first big speech on foreign policy was that America is back.“America cannot afford to be absent any more...China's auto revenue surged thirty percent in January, the tenth straight monthly gainAuto sales found in China, the world's biggest market, surged in January with a thirty percent jump from the equal month a time earlier, the...Whirlpool Corp, Transcom Group form making joint ventureWhirlpool Company, world's leading home and laundry appliance organization, and Transcom Group, among the renowned business houses in Bangladesh, yesterday announced a great agreement to...Commerce Minister: DITF to be held if Covid-19 situation improvesLikely date has been fixed after seeing Export Promotion BureauDhaka International Trade Fair (DIFT) 2021 will be arranged if the coronavirus situation improves, Commerce Minister...Turkey to substantially rise trade with BangladeshTurkey’s envoy on Dhaka said Sunday that his region really wants to “substantially increase trade volume and investments” on Bangladesh.Mustafa Osman Turan spoke throughout a...World Bank approves $40m to greatly help Bangladesh increase insurance coverage of e-GPThe World Lender on Saturday approved $40 million to help Bangladesh boost the coverage of electronic government procurement (e-GP) with new features to react to...Bangladesh to get new commercial features post-LDC graduation: FBCCIThe Federation of Bangladesh Chambers of Commerce and Sector (FBCCI) president Sheikh Fazle Fahim on Saturday said there would be new facilities in trade and...Bangladesh shrugs off personal debt trap fear, lauds Chinese ODIAmid infrastructure boost, minister says bilateral relations are win-winChinese investment on Bangladesh increased significantly from 2016 to 2020, especially in large infrastructure projects. In the...Integrate women into int'l trade, biz and policy making: ExpertsIntegration of ladies in international trade and organization and to ensure gender equality while crafting trade guidelines would further raise trade and organization and accelerate...BB brings changes in MPS for FY21Bangladesh Lender (BB) has taken some changes in funds and credit line of its Monetary Plan Declaration (MPS) for the fiscal 2020-21, taking into account...eBay boosted by Holiday surge in online orderseBay has reported a good jump in sales over the festive season, seeing that coronavirus lockdowns spurred extra shoppers to get presents online.The web marketplace...Bangladesh to receive $500mn from World Bank to boost connectivityThe Bangladesh government has signed a $500 million dollar financing agreement with the World Bank to greatly help upgrade a highway and enhance connection of...India looks to strengthen connectivity with BangladeshThe coronavirus pandemic has rattled the economies, nonetheless it has also brought some lessons: the world must cooperate and collaborate to develop resilient systems. Consequently...Britain to apply to become listed on Asia-Pacific free trade blocBritain will apply to join an enormous 11-country free-trade bloc of Asia-Pacific countries, it announced Saturday, weeks after leaving the European sole market using its...96pc small enterprises suffer fall in income: studySome 96 percent of Bangladesh's micro, small and medium enterprises (MSMEs) witnessed a fall in income with the median loss in business reaching 82 per...China's financing to Bangladesh surgesChina has emerged among the leading bilateral creation partners of Bangladesh since it disbursed US$460.41 million loans in the first 50 percent of the existing...Malaysia’s external trade likely to remain modest in 2021Malaysia’s exterior trade for 2021 is likely to remain modest with exports projected to rebound by 2.7 %, the Ministry of International Trade and Industry...96% MSMEs in Bangladesh lost income in Covid-19 pandemic'42% of MSMEs and smaller businesses are in direct threat of failure in the next six months and regardless of an economy's level of development'An...Restructuring export basket on lines of Bangladesh need to boost growthIndia must restructure its export basket if it really wants to achieve high growth found in exports, the Economic Survey has said. It contributes that...Bangladesh to outperform Asian peers on economic recoveryBangladesh will probably recover faster than its Asian peers from the Covid-19 fallout because of bettering exports, growth in domestic intake and remittance inflow, according...Bangladesh garment sector struggles as pandemic empties order booksBangladesh’s huge export-oriented readymade garment industry is fighting for its survival after fresh coronavirus curbs in Europe and North America shrivelled already-weakened order books, industry...Economy will go back to high growth path next fiscal year: UNBangladesh's economy will return to the high growth trajectory in the next fiscal season overcoming the scarring impacts of the coronavirus pandemic, according to a...UN report: Bangladesh’s economic growth dropped to 0.5% in 2020Bangladesh has seen a good dramatic drop in it is monetary growth in the 2020 twelve months as the country’s monetary growth fell to 0.5%...‘Trade, expense should dominate Bangladesh-US ties’Bangladesh diplomacy should be more proactive to get period from Biden administration, which is pre-occupied by Covid-19 pandemic, for gains from Dhaka-Washington relationship, eminent personalities...Social distancing proves a boon for bicycle exportersThe necessity to maintain social distancing to avoid infection amid the ongoing coronavirus pandemic has buoyed the global demand for bicycles.And with Bangladesh being an...Bangladesh the favored option in an uncertain worldAmong the main characteristics which brands look for when getting into a sourcing destination are political balance. Stability brings confidence and certainty and permits makes...Rules need further reforms for steady global trade financeThe main modes of international trade are export and import plus they involve four common ways of payment: profit advance, open account or supplier credit,...Wrong actions ruin Bangladesh sugar industryThe liberalisation of sugar import possesses subjected the ailing state-possessed sugar mills to an uneven competition, delivering them to the brink of collapse with the...Bangladesh an emerging big monetary force, says Iranian ambassadorIranian ambassador to Bangladesh Mohammad Reza Nafar reported that Iran wished to engage deeply with Bangladesh in the energy sector and make the bilateral trade...Trade contract with Nepal soon: ministerThe federal government will sign a preferential trade agreement (PTA) with Nepal within a short time so that you can improve bilateral trade, said Commerce...Dhaka, Delhi conducting analysis to sign trade dealDhaka and New Delhi are preparing a good joint study report to sign a comprehensive economic partnership arrangement (CEPA) to improve bilateral trade and expenditure...SME Foundation to create business incubation centresSME Foundation will probably set up a Organization Incubation Centre (BIC), 1 found in Dhaka and another found in Chattogram, to facilitate entrepreneurship development and...Russia Plans to Raise Wheat Export Tax From March 1, Global Prices Rise* Russian government has but to sign off proposal* Russia could keep taxing wheat exports found in the 2021/22 season* Plans a formula-based taxes for...Turkey seeks to improve South Asia tiesIn August 2019, Turkey launched its “Asia Anew” initiative, that was inaugurated by Foreign Minister Mevlut Cavusoglu in a bid to boost the country’s cooperation...Looking in advance retrospectively: A Bangladeshi perspectiveBIMSTEC was founded on 6 June 1997, at first as BIST-EC (Bangladesh, India, Sri Lanka and Thailand Economic Cooperation). Myanmar’s becoming involved December 1997, renamed...Mega assignments transforming Bangladesh economy It is often explained that infrastructure-megaprojects are necessary drivers for accelerating economical progress in a developing region like Bangladesh where ordinary GDP growth within the...First rice, now wheat: India rides on global grain trade bandwagonAfter rice, India is set to turn a major exporter of wheat aswell - because of surging international prices from Chinese stockpiling and ultra-low interest...Pakistan looks to improve bilateral tradePakistan is considering resuming direct flights with Bangladesh and establishing maritime connectivity between the two nations to improve bilateral trade."Bangladesh is well-positioned in a variety...BGMEA to start automation of UD issuance Jan 16The Bangladesh Garment Makers and Exporters Association is certainly going to start automation of Utilisation Declaration issuance on January 16 to get efficiency and transparency...Bangladesh Bank, BRAC Lender carry workshop on SME financingThe Bangladesh Lender and BRAC Lender jointly organised a virtual workshop broadcast from the BRAC Lender head office at Tejgaon in the capital on January...More SME research to diversify exports: commerce ministerMore research is necessary for export diversification leveraging small and medium enterprises, which will be the lifeline of Bangladesh's economy contributing about 26 per cent...More talks had a need to boost trade with IndiaCommerce Minister Tipu Munshi yesterday needed even more discussions between Bangladesh and India on removing various non-tariff barriers to improve bilateral trade."Steps will be taken...$150b export opportunity awaits BangladeshBangladesh needs to utilize the growing e-commerce marketplace and increase the operational efficiency of open public and personal sectors to seize the opportunities on the...Bangladesh an inspiration for South Asian peersWith rising financial growth during the last few decades, Bangladesh has turned into a start-up hub where businesses reach a new height, according to Binod...If China no more really wants to be the world’s factory, who will take its place?China’s transformation into the world’s making powerhouse offers been remarkable. When it joined up with the World Trade Group (WTO) in 2001, it had been...