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Japan’s US$1.20b development aid package to Bangladesh facing delay

Japan’s nearly US$1.2 billion soft loan for five development projects is facing delay despite Bangladesh government’s efforts for confirming the assistance, officials said Wednesday. The loans are arranged under the Tokyo-assured 36th development aid package. Gloomy business and political environment as well as increased dependence on a certain bilateral donor country are cited as major reasons […]

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Japan wins over China beyond South China Sea – for now

Two major powers in Asia, Japan and China have been all but bosom friends for centuries and now more so. Their rivalry range from fishing into each other waters to space research on one hand and dominance from the South China Sea to the Indian Ocean and beyond on the other. In one of the recent business […]

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Bangladesh Govt. to reclaim 2,000-acre KEPZ project land jeopardising $1.2b FDI

korean-epz-02

The Bangladesh government’s plan to take back 2,000 acres of land out of nearly 2,500 acres from the Korean Export Processing Zone (KEPZ) would jeopardise an investment of $1.2 billion that South Korean companies are planning to pump into the economic zone. Experts said it would send a wrong message to foreign investors who see […]

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Bangladesh Export earnings target falls short by 6.0 pc

Bangladesh’s overall export earnings recorded a marginal growth during the July-May period of current fiscal year 2014-15. The export receipts stood at $28.14 billion showing a 2.83 per cent growth during the period though it fell short of target by 6.01 per cent, according to Export Promotion Bureau (EPB) data released Monday. However, the single […]

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Boosting export by devaluating currency in Bangladesh

Bangladesh Taka (BDT) is likely to lose its value against major currencies as the relevant authorities are mulling appropriate measures to prop up falling exports. The local currency remained strong over nearly two years as country’s imports plunged. By official count, the export earnings fell 7.63 per cent in October against its corresponding period a year […]

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Consolidation in the Bangladesh textile industry unavoidable

Bangladeshi ready-made garment (RMG) manufacturers are increasingly sourcing fabrics from abroad due to high price and quality concerns of the local fabrics. Some RMG manufacturers, which used to prefer local fabrics and yarn, mainly taking advantage of purchase on credit, have also been increasingly turning to other destinations, such as China, India and Pakistan for […]

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Inspectors suggest partial evacuation of five RMG factories

After identifying safety risks at two more buildings housing five ready-made garment (RMG) factories inspectors of the Bangladesh University of Engineering and Technology (BUET) recommended immediate partial evacuation. They said that the evacuation, starting with the top two floors of the buildings, and to remove materials from the rooftop must begin immediately to reduce substantial weight […]

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Flats sale, land transfer hit rock bottom

Bangladesh’s real-estate market has been going through a sluggish trend at least for the last eighteen months with the sales of both flats and land reaching rock bottom, business-insiders said. Land prices had been skyrocketing for the last two decades till 2010. In areas of Dhaka and on its outskirts, the prices soared by more than 300 percent […]

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Bangladesh’s export in the USA declined by 8.42 pct

Bangladesh’s export in the USA declined by 8.42 per cent during the first quarter (July-Sept) of the current fiscal (FY), 2014-15, mainly due to poor performance of major exportable items to the US market, reports UNB. In the same period China, India and Viet Nam increased market share in the USA. Bangladesh exports to the […]

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RMG shipments to new markets drop

Bangladesh’s apparel exports to some potential non-traditional markets declined during the first quarter of the current fiscal year, thereby undermining the move to diversify the country’s export base, sources said. Exports to Turkey and Mexico marked drastic drop by 37.54 per cent and 17.69 per cent respectively while to Japan fell by 0.44 per cent. […]

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Korean Export Processing Zone at serious risk

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Instead of handing over the Korean Export Processing Zone (KEPZ) to the investor, the government of Bangladesh plans to take back […]

Dhaka needs to remove its rocky anti-FDI atmosphere

Korean Ambassador to Bangladesh Lee Yun-young

Korean Ambassador to Bangladesh Mr. Lee Yun-young has said Bangladesh should come out from protectionism and open up its market […]

‘Welfare Associations’ to negotiate for rights at Bangladesh EPZ

The Government of Bangladesh today approved, in principle, draft of a labour law for Export Processing Zones (EPZ) with the provision […]

Return of GSP seems far off – a lot more must be done

Bangladesh’s progress in implementation of the National Tripartite Plan of Action on Fire Safety and Structural Integrity (the Action Plan) which provides a […]

Bangladesh halts shutdown of “unsafe” factories

The Bangladeshi government is refusing to shut down garment factories declared unsafe, following a row with independent inspectors over the […]

Yawning gap between pledges and delivery to Rana Plaza victims

Many Rana Plaza victims are yet to receive the promised compensation from the government and retailers, nine months after the […]