All Finance

PM directs to be proactive in dealing with LDC challenges

ACC files case against former MP's PS and his wife

BNCU wants legal action against Dr. Yunus

BNP-Jamaat become friends of Israel: Foreign Minister

27 people kidnapped from Teknaf in last 27 days

Visa policy will not affect garment exports: BGMEA

Own Correspondent, Dhaka, 27 September 2023: President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Farooq Hasan said that America's visa policy will not affect the country's garment exports. Regarding giving sanctions to some banks for ACU Payment, he said that any sanctions given would be alarming. Merchants will still be able to continue their business, Aku Payments can be made in other ways.

Garment export to Europe-America market has increased

Own Correspondent, Dhaka, 13 September 2023: Exports of manufactured garments from Bangladesh have increased in Europe and America during July-August. It has increased by 11.81 percent compared to the same period of last financial year. In terms of money, which has increased from about 3.44 billion US dollars to 3.85 billion dollars. At the same time, garment exports to the United Kingdom and the United States also increased.

Garment exports to non-traditional markets increase by 31 percent

Dhaka, May 13: In the first 10 months (July-April) of the current fiscal year 2022-23, Bangladesh's garment exports to non-traditional markets have increased. About 30.80 percent of exports to these markets have increased to 7 billion US dollars. Non-traditional markets include Japan, Australia, India and South Korea. This information is known from the sources of Readymade Garment Industry Owners and Exporters Association BGMEA.

Bangladesh surpasses Vietnam in garment exports

Dhaka, February 24: In 2021, Bangladesh exported ready-made garments worth USD 3.58 billion to the world market. In the same year, Vietnam, one of the main competitors of Bangladesh in the world trade of garment industry, exported USD 3.108 billion. As a result, at the end of 2021, Bangladesh's garment exports exceeded Vietnam's by USD 472 million. Through this, Bangladesh is going to get the recognition of the second position in garment export again, surpassing Vietnam. However, it will have to wait another four months to get the official recognition of the second position in exports.

Diplomatic efforts to capture new markets in garment exports

Dhaka, September 25: Bangladesh is ahead of Vietnam in the export of readymade garments from January to July 2021. During this period, Vietnam earned USD 16.86 billion through exports. At the same time, Bangladesh's exports stood at USD 18.80 billion.

Will lose buyers if products are not delivered due to lockdown: BKMEA

Dhaka, July 15: On the occasion of Eid-ul-Azha, the ongoing restrictions in the country have been relaxed for eight days. The government has imposed strict restrictions for another 14 days after the relaxation. The factories will be closed from 8 am on July 23 to midnight on August 5. At the same time, all government, semi-government, autonomous and private offices will also be closed.