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Garment exports jump 15.15pc in July-March    

The exports of readymade garments from Bangladesh increased by 15.15 percent to US$ 18.052 billion during the first three quarters of the ongoing fiscal year 2013-14, as against exports of $15.676 billion made during the corresponding period of the previous fiscal, as per the latest data released by the Export Promotion Bureau (EPB). Segment-wise, woven apparel exports grew by 13.99 percent year-on-year to $9.221 billion during July-March 2013-14 period, whereas knitwear exports soared by 16.4 percent to $8.831 billion. rmgKnitwear and woven garments ...

Stability at risk without political inclusion: US    

The US continues to press for greater political inclusion in Bangladesh without which the Asian country’s stability will be at risk, a top Obama Administration official has said. “In Bangladesh, we continue to press for greater political inclusion, without which, a more stable and prosperous future is put at risk,” Assistant Secretary of State for South and Central Asia, Nisha Desai Biswal, said in her address at the prestigious Harvard University. nisha biswalAt the same time, she praised Bangladesh for its achievement in the socio ...

Govt must help apparel firms open shops in UK 

The Government should allow garment exporters to invest 5 to 10 percent of their export value for opening showrooms and outlets in the UK, which has a huge market for Bangladeshi clothing brands, said chairman of the newly formed trade body UK Bangladesh Catalysts of Commerce and Industry Ltd (UKBCCI) Iqbal Ahmed. Mr. Ahmed said this during a recent meeting of a 10-member delegation of UKBCCI with Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) president Kazi Akram Uddin Ahmed at the FBCCI office in Dhaka, reports the Daily Star. Workers on the floor of a garm...
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SoBs in Bangladesh: From cancer to pimple  

“IT TOOK us two years, but the greed kept us going,” Yusuf Munshi told police after they arrested him and his accomplice. Mr Munshi had tunnelled under a branch of Sonali Bank, Bangladesh’s biggest state-owned bank, in the town of Kishoreganj, and made off with five sacks of cash containing 164m taka ($2m). On social media, people advised the robbers that there is a less time-consuming way to get your hands on a pile of cash: befriend the bank manager. Bangladesh’s government banks are normally fleeced at street level during opening hours, in plain sight. In 2012, in the biggest of many banking scandals since the banks were nationalised 40 years before, Sonali Bank revealed that one of its branches in Dhaka had granted a particular firm almost 27 billion taka in loans on false premis...

ADB appoints news country director for Bangladesh

The Asian Development Bank (ADB) has appointed Kazuhiko Higuchi as the new country director for its Bangladesh resident mission. "I am looking forward to working for Bangladesh, and the people of Bangladesh," Kazuhiko Higuchi was quoted as saying in a statement on Thursday. "Bangladesh is progressing fast and ADB will continue to make every effort to support Bangladesh's endeavor toward further reaping the potential of the country." adb countryAccording to the ADB statement, Higuchi succeeds M Teresa Kho, who moved to become the co...

Green Delta Ins holds Annual Business Conference    

The 28th Annual Business Conference of Green Delta Insurance Company Limited was held recently in the capital. Chairman of the company and the chief guest, A. Q. M. Nurul Absar delivered the inaugural speech of the conference. press release 28th ABCManaging Director and CEO of Green Delta Insurance, Farzana Chowdhury, declared the target for the year 2014. Advisor of the company Mr. Nasir A Chowdhury also gave his insights regarding the business status of the company. Senior Additional Managing Dire...
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