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Garment exporters face storm as new orders drop

Garment exporters face storm as new orders drop Buyers also defer placing orders owing to the second wave Apparel makers are once again facing trying times. On the one hand, the flow of new orders for shipment during the summer has fallen. On the other hand, many buyers are deferring placement of new orders as retail sales in the West are yet to pick up because of the second wave of coronavirus infections. This forced a large number of garment manufacturers to cut back on their production and run below capacity at a time when their overheads have not dropped to that extent.

United statesFazlul hoqueRezaul hasanatSheikh danialKutubuddin ahmedAhsanh mansurRubana huqBakhtiaru ahmedMahmud hasan khan babuAhmedf rahmanZahid hussainMeem groupWorld bank dhakaFederation of bangladesh chambers commerceEnvoy groupResearch institute of bangladesh

Import, export cost goes up as freight rates rise

Import, export cost goes up as freight rates rise Freight charges have risen in the last few weeks due to the adverse effects of Covid-19 on the global shipping sector, pushing the cost for importers and exporters in Bangladesh, industry people said. Major mainline operations have increased the freight rates citing an acute shortage of empty containers following a surge in demand for imports. Besides, the ongoing coronavirus pandemic has disrupted the global supply chain, causing delays in shipment and congestion at several ports, they said. CMA-CGM, the fourth largest container shipping line in the world, has recently announced that it would implement new freight charges for the routes between base ports in Northern Europe and the Indian subcontinent.

Port klangSri lankaNasir uddin chowdhuryMasudur rahman bhuiyanAbul bashar chowdhuryBangladesh shipping agents associationExporters associationNorthern europeAhsanul hoq chowdhuryBangladesh shipping agentsRahman bhuiyanBashar chowdhuryUddin chowdhuryBangladesh garment manufacturersVice presidentபோர்த் கிளாங்

Honouring Business Leaders: Persevering thru pandemic

Honouring Business Leaders: Persevering through the pandemic Clockwise from top left . Abdul Muktadir, managing director of Incepta Pharmaceuticals, Rupali Chowdhury, managing director of Berger Paints Bangladesh, Abul Kashed Md Shirin, managing director of DBBL and SM Khaled, managing director of Snowtex pose for photograph after receiving the 19th Bangladesh Business Award. Photo: Star Staff Correspondent Staff Correspondent Two individuals and two companies yesterday won the prestigious Bangladesh Business Awards for creating jobs and contributions to the society and the economy. Rupali Chowdhury, managing director of Berger Paints Bangladesh, received the award in the Outstanding Woman in Business category at the 19th Bangladesh Business Awards, an initiative of DHL Express and The Daily Star.

United statesBinod chaudharyLatifur rahmanNurhayati abdullahSyed almas kabirRubana huqMiarul haqueMahfuz anamAbdul muktadirTipu munshiRupali chowdhuryZiaur rahmanInternational monetary fundWorldwide express bd pvt ltdTranscom groupBangla bank ltd

Govt plans fresh apparel stimulus | The Daily Star

Govt plans fresh apparel stimulus Star Business Report Star Business Report The garment sector is on way to receive a second round of stimulus, with government plans reasoning that it has been severely affected by the second wave of the coronavirus pandemic. If the situation worsens further, the government is ready to give (it), said Commerce Minister Tipu Munshi at a virtual event of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday. He, however, made no mention of the exact amount and repayment period. The government is open-minded. We are seeking suggestions from different quarters about launching the second stimulus package. The BGMEA has already sent me a letter seeking such a fund again, he said.

Rubana huqKhandker anwarul islamTipu munshiInternational monetary fundGlobal reporting initiativeAsian university of womenExporters associationBangladesh bank export development fundCommerce minister tipu munshiBangladesh garment manufacturersPrime minister sheikh hasina ledBangladesh bankExport development fundCabinet secretary khandker anwarulAsian universityGlobal reporting

Bangladesh to lose $4 bn in EU sans duty-free gains: BGMEA

Bangladesh to lose $4 bn in EU sans duty-free gains: BGMEA
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European unionExporters associationBangladesh garment manufacturersஐரோப்பிய தொழிற்சங்கம்ஏற்றுமதியாளர்கள் சங்கம்பங்களாதேஷ் ஆடை உற்பத்தியாளர்கள்