Bangladesh is struggling to move beyond low-end readymade garment (RMG) products while exporting to the United States (US) and European markets. The situation has turned so acute that the country now ranks third on the list of low-cost RMG product exporting countries, following China and Pakistan. Now, Bangladesh is the world’s second-largest exporter of RMG…
Read Article
15 candidates from Sammilito Baboshayee Parishad panel and eight candidates from Baboshayee Oikyo Parishad panel were elected directors of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI). The 23 candidates were elected directors from association group for 2023-25 tenure during the biennial election of the apex trade body held on Monday, according to…
The Infrastructure Development Company Limited (IDCOL) has extended $20 million long-term loan to Dhaka RAD Elevated Expressway Company Limited (DREECL), an SPV (Special Purpose Vehicle) formed to implement a PPP project, says a press release. The project is designed to improve Hatirjheel (Rampura Bridge)-Shekherjaiga-Amulia-Demra Road (with link to Tarabo and Chittagong Road). A loan agreement…
Non-basmati white rice, which India has banned for export, is mainly purchased by Senegal, Benin, Togo, Bangladesh, and Cote d’Ivoire. Labourers unload rice bags from a supply truck at India’s main rice port at Kakinada Anchorage in the southern state of Andhra Pradesh, India, on 2 September 2021. PHOTO: REUTERS Indian rice exporters have been…
Chinese Special Envoy for Asian Affairs Deng Xijun held two separate meetings in Dhaka and discussed issues of mutual interest, including the thorny issue of Rohingya repatriation. This is his second visit within less then four months and he had meetings with Foreign Minister Dr AK Abdul Momen and Foreign Secretary Masud Bin Momen separately…