Skill shortage hampers RMG sector’s climb up the value chain Economists tell SANEM seminar FE Report Bangladesh’s garment industry needs to move up the value chain to remain competitive in the global market, experts said on Monday. They also underlined the need for enhancing negotiation capacity of entrepreneurs. The suggestions came at a seminar organised […]
Climate change may cause BD $121b losses in 45 yrs: Study FE Report The country may suffer total US$ 121 billion worth of losses and damage due to climate change impacts in forty-five years- from 2005 to 2050- asses a study. “Climate change may cause up to US$ 112 billion loss and damage to Bangladesh, […]
World food prices fall Reuters, Milan World food prices fell 0.9 percent in October from the month before, reflecting lower values for meat, dairy and oils, the United Nations food agency said on Thursday. The Food and Agriculture Organization’s (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, […]
Four firms get tower licences Star Business Report Four joint ventures of local and foreign businesses were presented licences yesterday to manage the country’s cellphone towers, ending mobile operators’ ownership of those and paving the way for enhancement of the overall network service quality. Once all the tower companies start running, mobile operators which are […]
Efforts falter on slow reforms Jagaran Chakma Bangladesh has posted impressive numbers in the last 10 years, be it GDP growth, per capita income, external trade, foreign exchange reserves and many more. Yet, the country’s sorry state of economic reforms and poor corporate governance have put it at the 176th position out of 190 countries […]
Sugar import from India to be duty-free Local refiners furious Refayet Ullah Mirdha and Sohel Parvez The commerce ministry yesterday agreed to withdraw the 40 percent duty on sugar imports from India, much to the ire of the local refiners. Until now, Bangladesh has kept sugar out of the South Asian Free Trade Agreement mainly […]
Robi gains, GP loses PM launches mobile number portability service officially Prime Minister Sheikh Hasina speaks at the launch of mobile number portability service at Gono Bhaban yesterday. Telecom Minister Mustafa Jabbar and ICT State Minister Junaid Ahmed Palak were present. PID Star Business Report Robi has pulled in 16,916 customers to its network […]
No FTAs before LDC graduation Refayet Ullah Mirdha The government is approaching the preparations to negate the erosion of trade privileges following graduation to a developing country at a leisurely pace, with no free trade agreement yet to be signed with any of the important trading partners. Bangladesh will graduate from the least-developed country bracket […]
China firm keen to invest $200m Plans petrochemical tie-up with Deshbandhu Jagaran Chakma Jiangsu Sanfangxiang Group (SFX Group), a Chinese conglomerate, is keen to invest $200 million in Bangladesh to set up a petrochemical and chemical fibre production park in a joint venture with Deshbandhu Group. The parties are holding talks with the Bangladesh Economic […]
Jute can foster green growth: analysts Star Business Report Jute pulp has the potential to be a growth driver for the economy and can enable Bangladesh to make strides towards becoming a green economy, said analysts yesterday. “Jute pulp is a potential game-changing growth agenda. Jute offers the potential to be an environmentally sound, rapidly […]