Reposted from The Financial Express
By Nizam Ahmed
Bangladeshi garment manufacturers and exporters believe that the overseas buyers should pay higher prices for their products, so that the apparel sector can hike wages for workers and upgrade safety measures in the industry.
They also claim that with the present level of payment realised from foreign buyers, it may be too difficult to give enhanced salaries to workers and make all factories compliant with safety rules. More…
Dhaka Stock Exchange, Bangladesh
The Dhaka Stock Exchange will sit with its stakeholders — stock dealers, bankers and bank owners, the insurance association and the apex trade body — to find ways to rejuvenate the bearish stockmarket.
The move is part of a series of meetings that the premier bourse started last week, with the first discussion being held with merchant bankers on Monday. More…
Reposted from The Daily Star
By Suman Saha
The leather industry aims to cross the $1-billion mark in export earnings this fiscal year as the sector is witnessing a robust demand for leather and leather goods in the global market.
The manufacturers said they will reach the export target at $1.04 billion set by the government for this year. More…
Reposted from Fox Business
By Constance Gustke
Powerhouse economies such as China are slowing lately. So where should you invest in equities? How about frontier economies such as Nigeria or Vietnam?
These and other countries, such as Sri Lanka, Bangladesh and even Iraq, are expected to sport rising gross domestic products, and some are even resource-rich. Citibank economist William Buiter forecast on BusinessInsider.com in 2011 that world GDP would grow by $300 trillion by 2050, largely propelled by these fast-growing frontier countries. More…
Reposted from Mastercard’s Payments Perspectives Blog
By Sabrina Tharani
The frontiers of civilization as traditionally characterized – like the Wild West or Arctic poles – occupy a position not unlike that of the global economy’s frontier markets today: not only do they inspire excitement and symbolize novelty, they also represent a wealth of unexplored opportunity. More…
Reposted from The Daily Star
By Rejaul Karim Byron
Trade deficit in the first five months of fiscal 2012-13 narrowed by 22 percent on the back of falling imports.
In July-November, imports fell by 4.31 percent year-on-year to $13.47 billion. In the month of November itself, imports fell by 5.25 percent.
On the other hand, exports increased by 3.96 percent during that period. More…
A stall attendant demonstrates the functions of a garment machine at a four-day exhibition on apparel accessories, packaging and technology at Bangabandhu International Conference Centre. A total of 350 companies are showcasing their products at 560 booths.
Merchants from Europe and Asia try to jump on the bandwagon of the garment industry in Bangladesh, which already secured its position as the second largest apparel exporter.
At Gapexpo-2013, the four-day exhibition on garments accessories, packaging and related machinery in Dhaka, they try to introduce automatic gears to Bangladeshi factories.
The Turkish businessmen, Hüseyin Akar and Burak Uysal, were handing out their business cards to the crowd of the Bangladeshi garment experts passing by. More…
Workers iron clothes at a garment factory in Gazipur, Bangladesh.
Bangladesh’s woven garment exports grew by nearly 12% in the first half of the current fiscal year, helped by a shift in orders from China, exporters said.
Woven garment exports rose to US$4.971bn during the six months from July to December, up from $4.457bn in the same period of the previous year. More…
Russia to Lend Bangladesh $500 Million for NPP Construction
Russia will allocate a $500 million loan to Bangladesh to finance the first phases of a joint project to build the country’s first nuclear power plant (NPP), Russian President Vladimir Putin said on Tuesday.
“We will not only provide up-to-date technologies…but will also render financial assistance at the initial stage of the NPP construction by issuing a $500 million loan,” Putin said after talks with Bangladesh’s Prime Minister Sheikh Hasina. More…
Reposted from The Daily Star
The government should fast track its work now to implement the “Digital Bangladesh” vision, said HT Imam, an adviser to the Prime Minister.
Allocation for the information and communication technology (ICT) sector reduced when the ICT ministry was separated from the science and technology ministry, he said yesterday. More…
