Export earnings from the USA, the largest export destination for Bangladesh goods, witnessed a 7.26 percent growth during the first eight months (July-February) of the current fiscal (2013-14), mostly due to good performance of the RMG sector.
Bangladesh exports to USA totalled $ 3,723.49 million in the first eight months (July-Feb) of fiscal 2013-14 compared to $ 3,471.48 million during the corresponding period of the previous fiscal (2012-13). The amount represents 18.78 percent of the country’s total export earning during the period, UNB reports.
According to the statistics compiled recently by the Export Promotion Bureau (EPB), RMG export, including knitwear, to the US amounted to $ 3,428.37 million during the July-February period of the current fiscal compared to $ 3,186.03 m...
Farmers and agriculture officials are expecting bumper production of Boro paddy at Biswanath upazila of the district in the current season.
Cultivation of Boro paddy in Biswanath upazila shows bright prospect and the yield is expected to stand near 25,000 tonnes, according to the upazila agriculture office.
About 7,30,00 hectares land of the upazila was brought under Boro cultivation in the current season.
Paddy fields have already taken a ripe golden hue and the ...
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.
Knitwear and woven garments ...
“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...
Garment factory owners in Bangladesh are suffering from rising costs primarily due to the increased wages of labourers amid international calls for better working conditions after the RanaPlaza disaster.
The owners nearly doubled wages and have less money for safety improvements at factories, as their profits are squeezed. In addition, a number of global retailers who source from those factories are not willing to share the rising costs, report agencies.
The cost concerns come as Bangladesh’s garment export industry is facing stiff competition from other low-cost Asian countries such as India, Vietnam, Indonesia and Cambodia.
Bangladesh's broad money supply in February rose 15.85 percent 6,623.11 billion taka ($85 billion) from a year earlier, marginally up from 6,537.65 billion taka a month ago, the central bank said on Thursday.
Below is table of broad money supply.
Feb. 2014 Jan. 2014 Feb. 2013
(bln taka) (bln taka) (bln taka)
Broad money supply 6,623.11 6,537.65 5,716.82
