Vietnam likely to take over BD in apparel export
Vietnam is likely to overtake Bangladesh in the global apparel export market share once the Trans Pacific Partnership (TPP) takes shape.
According to a research report by Standard Chartered Bank, the agreement is likely to benefit Vietnam’s apparel industry, while hurting South Asian competitors like Bangladesh and Sri Lanka.
The TPP free trade grouping consists of Vietnam, along with 11 others namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and the US.
Negotiations have yet to re...
The TPP free trade grouping consists of Vietnam, along with 11 others namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and the US.
Negotiations have yet to re...
BB to preserve info on directors’ fraudulent acts
Bangladesh Bank will preserve the information on forgeries and corruptions by bankers and directors of the scheduled banks on long-term basis in its web portal to verify their professional integrity in time of taking any decision concerning them, reports the Daily New Age.
The central bank has already prepared draft guidelines in this regard, a BB official told New Age on Wednesday.
He said the BB would attach the information to the corporate memory management system of the central bank’s web portal.
‘The central bank usually approves managing directors and c...
He said the BB would attach the information to the corporate memory management system of the central bank’s web portal.
‘The central bank usually approves managing directors and c...
Key missions abroad fail to achieve export targets
Twenty-nine out of 53 Bangladesh missions abroad have failed to achieve their respective export targets for the first half (July-Dec) of the current fiscal (2014-15), reports UNB.
The key Bangladesh missions like the ones in Washington, Berlin, London, Paris, Madrid, Ottawa, Rome and the Hague have failed to achieve their July-December export targets while some other important missions-Stockholm, Dubai, Riyadh, Canberra and New Delhi-have been able to reach their targets for the six-month period.
The overall export ea...
The key Bangladesh missions like the ones in Washington, Berlin, London, Paris, Madrid, Ottawa, Rome and the Hague have failed to achieve their July-December export targets while some other important missions-Stockholm, Dubai, Riyadh, Canberra and New Delhi-have been able to reach their targets for the six-month period.
The overall export ea...
Remittance slips in Jan amid volatility
The country received $1.23 billion in remittance last month, down 2.05 percent year-on-year.
The figure too is lower than the amount received in December last year, when $1.27 billion was remitted by migrant workers, according to data from Bangladesh Bank.
Experts said migrant workers are worried about the upheaval on the country’s political front, ongoing since January 6, due to which they have held back from sending in money.
Officials of th...
Experts said migrant workers are worried about the upheaval on the country’s political front, ongoing since January 6, due to which they have held back from sending in money.
Officials of th...
IDB assistance to hit $ 880m this FY
The approved assistance from the Islamic Development Bank (IDB) to Bangladesh is likely to reach $ 880 million against eight projects in sectors like human resource development and vocational training in the current fiscal year (2014-‘15).
Out of the expected assistance, the Jeddah-based lending agency has recently agreed to come up with project assistance worth $ 115 million to Bangladesh in two projects to support low-cost housing and water supply and sanitation in the country’s selected municipalities, said officials at the Economic Relations Div...
Out of the expected assistance, the Jeddah-based lending agency has recently agreed to come up with project assistance worth $ 115 million to Bangladesh in two projects to support low-cost housing and water supply and sanitation in the country’s selected municipalities, said officials at the Economic Relations Div...
