The country’s trade deficit widened by more than 6.0 percent to $4.56 billion in July-August period from a year ago, according to data from Bangladesh Bank. The trend was also reflected in the current account balance, which fell further into the red, from $439 million in July to $1.5 billion by
Tag: export
CEPZ to get $9.58m Chinese investment in RMG industry
Ms Intex Link Garments (BD) Limited is going to set up a Garments industry in Chattogram Export Processing Zone (CEPZ) with an investment of US$ 9.58 million. Fully foreign owned this Chinese company will produce annually 61 million pieces of T-shirt, woven pants and jacket, ladies bra and panty, mans' boxer
India to get 3,000 MT hilsha during Durga Puja
Bangladesh will export around 3,000 tonnes of hilsha to India marking the upcoming holy Durga Puja, the biggest religious festival of the Hindu community, scheduled to be held next month. “We have been exporting hilsha continuously for the last three years to India as a mark of gesture and relief for
EU carbon policy may hit exports badly
The European Union's Carbon Border Adjustment Mechanism (CBAM) through supply chain regulations and trade measures would be a game changer in tackling emissions, experts said. The EU is set to introduce the CBAM, which in effect will make use of trade policy in an unprecedented manner to tackle carbon emissions, they
EDF loans can be repaid in installments: BB
Bangladesh Bank (BB) has introduced a facility for the exporters to repay the loans taken from its Export Development Fund (EDF) in installments. From now, the entire loan liability can be repaid in three installments. The Foreign Exchange Policy Department (FEPD) of BB issued a guideline in this regard on Thursday and
Ananda Shipyard hands over 6100 DWT container ship to UK buyer
Bangladesh-built 6100 DWT, a high-speed multi-purpose container ship, has completed its technical handover export process to the United Kingdom buyer "Enzian Shipping Company Ltd." The ship has a built-in Ananda Shipyard located at Meghna Ghat of Sonargaon Upazila of Narayanganj, said a press release. The handing-over ceremony was held today in the
Walton TV expands its business to Georgia
Walton has expanded its business in the market of Eastern European country Georgia through exporting Smart TV under its own brand name, a press release said. Through the market expansion of its TV export in Georgia, Walton achieved another milestone towards its vision to become a top global consumers electronics brands. Walton
Legal notice seeks to stop Hilsa export
Lynpers to set up $ 5.7m textile chemical plant in Ishwardi EPZ
Lynpers Chemical Industries Ltd., a Bangladeshi company, will invest US$ 5.7 million to set up a textile chemical industry in Ishwardi Export Processing Zone (IEPZ), a press release said Sunday. Member (Investment promotion) of BEPZA Ali Reza Mazid and Chairman of Lynpers Chemical Industries Ltd. Md. Rofiqul Islam Mondal signed an
PM urges youths to set up fish processing plants
Prime Minister Sheikh Hasina on Sunday urged the youths to set up export-oriented fish processing industries to help boost the country's foreign exchange earnings. "We can process the fish or we can produce various types of products from fish and export those," she said while launching the National Fisheries Week