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China to build floating oil terminal for Bangladesh

The government is set to sign a contract with a Chinese company next month to establish the country’s first floating terminal in the Bay of Bengal to unload imported fuel oil, officials said yesterday. bangladesh-and-china-flagEnergy division officials said a state-owned Chinese company is to obtain the work order from the Bangladesh government to install the floating terminal - single point mooring (SPM) - in the sea near Maheshkhali Island. The energy division requested the planning commission (PC) last week to a...

Drop in export

Bangladesh suffered a significant export drop in July, contracting about 12 percent over the same month last year, an official said Sunday. The Export Promotion Bureau (EPB) official who preferred to be unnamed told Xinhua that the country earned a total of 2,625.93 million U.S. dollars from exports in July, the first month of the current 2015-2016 (July 2015-June 2016) fiscal year, compared to 2, 982.74 million dollars in the same period a year earlier. Ctg portOf total earnings, he said, Bangladesh’s income from garment items, including knitwear ...

Leather exports slump amid environment concerns

Country’s tannery industry looks set to suffer a big blow as demand for finished leather and leather products in major international markets has been plunging amid grave concerns over the environmental hazard created by the country’s leather industry. Sector insiders say July exports further reflected the sluggish trend that in the country’s leather industry has continued over the last couple of years, Xinhua reported. “Demand for Bangladesh’s finished leather and leather products has been squeezing in international markets owing to concerns over environmental hazard,” said a former president

Safe drinking water thru’ ‘Drinkable Books’

The next stage is to test the books in larger trials where they are used by local residents A book with pages that can be torn out to filter drinking water has proved effective in its first field trials. In trials at 25 contaminated water sources in Bangladesh, South Africa, and Ghana, the paper successfully removed more than 99% of bacteria. drinkabl-ebook-webThe “drinkable book” combines treated paper with printed information on how and why water should be filtered. Its pages contain nanoparticles of silver or copper, ...

“Garment villages” to double clothing exports

The rapid growth of Bangladesh’s garment industry has been a blessing and a burden to the country. Even as it has provided jobs to millions and helped Bangladesh cut its poverty rate, it has also exploited the nation’s poorest and most desperate, leading to the gratuitous and preventable deaths of thousands (see: Rana Plaza in 2013). So invaluable is the industry to Bangladesh that the country is doubling down on the business, despite the repercussions. Already the world’s second largest exporter of clothing by some estimates, Bangladesh intends to double its apparel exports to $50 billion by 2021. The country’s commerce minister, Tofail Ahmed, announced the plan last week, including the creation of a “garment village” in the southeastern port city of Chittagong—a major export hub...

Fiscal trade deficit balloons

Bangladesh’s trade deficit ballooned in fiscal 2014-15 that ended June 30 on the back of increased imports, a central bank official said on Wednesday. The trade deficit in the fiscal surged 45.97 percent to about $10 billion compared to a year earlier, Xinhua bbquoted a Bangladesh Bank (BB) official as saying. The official said the country’s import payment was $40.69 billion, up 11 percent, in the last fiscal year while earnings from exports stood at $30.77 billion, up 3.3 percent, during the same period. The gap between Bangladesh’s export earnings and imp...
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