High inflation - Low reserve - Weak currency risk spiral of economic down...

[...] are mulling appropriate measures to prop up falling exports – for better statistics. The local currency remained strong over nearly two years as country’s imports plunged. By official count, the [...]

[...] because of better benefits in making payments such as purchase on credit and payment in local currency and altering materials or other details (if necessary), but high prices of our products force [...]

[...] finance improvements, like – fireproof doors or fire-sprinkler systems that are required for garment factories with 23 metre or taller height. Out of 1,106 factories inspected by Accord, Corrective [...]

[...] and officials, 17 lakes and planted 1.6 million trees. YoungOne set up seven shoe and garment factories creating jobs for 6,000 locals. Four more factories would start operations by December. Once [...]

[...] report warns that lack of visible progress in upgrading labour and safety standards in garment factories could trigger loss of preferential access to EU markets. “Although Bangladesh still [...]

[...] No effective step has yet been taken to bring the subcontracted garment factories under a regulatory framework despite their poor working condition and safety. A large number [...]

[...] , which would be fixed by the government later. This causes further uncertainty for the foreign investors for making investment plans. Analysts expressed their reasonable doubt about substantial [...]

[...] has said Bangladesh should come out from protectionism and open up its market for foreign investors through removing its anti-FDI (foreign direct investment) atmosphere. “As Bangladesh’ [...]

[...] to the KEPZ owner, Korean YoungOne Corporation, creating obstacles to investment. Several foreign investors, including the Japanese, over the years had contacted the KEPZ authorities for plots but had [...]

[...] assess more detailed and actual safety risks. In the wake of some recent fatal accidents in the RMG sector, under a joint initiative of the government and the International Labour Organisation (ILO), [...]

[...] Knitwear Manufacturers and Exporters Association (BKMEA) have been blocking FDI in the RMG sector for years fearing competition although there is no legal basis for this but technically [...]

[...] results of the Compact,” he said, adding that a future review will be held next year. The European Commission remains fully committed to pursuing its intense cooperation with the Compact partners to [...]

[...] in Dhaka while speaking to the media about the outcomes of his recent meeting with the European Commission (EC) about progress of implementation of the “Bangladesh Sustainability Compact”, a [...]

[...] the sudden rise in demand in the year 2010. But relaxation of Rules of Origin by the European Commission and low pressure of gas and scarcity of electricity and some other bottlenecks have pushed [...]

[...] Export earnings stood at $932.29 million from those markets during the first quarter of the current fiscal year. [...]

[...] fall in exports led to a plunge in the current-account balance in the first quarter of the current fiscal year for the first time in more than two years. The current-account deficit stood at US $357 [...]

[...]  extension of the application of the national labour law (not any special law) to the export processing zones (EPZ).  It said, the extension of the application of the national labour law to the [...]

[...] , and ensuring that all workers have the same rights, including those working in the Export Processing Zones,” he added. He further called for recruiting additional inspectors, and continuation of [...]

[...] with the European Commission (EC) about progress of implementation of the “Bangladesh Sustainability Compact”, a specific and time-bound commitment for improving levels of occupational [...]

[...] to safeguard labour rights and standards. The call came from a meeting on ‘Bangladesh Sustainability Compact’, held in Brussels, one year after signing the agreement to review the progress made [...]

[...] and Canada, which buy more than 90 per cent of Bangladesh’s readymade garment products. Bangladesh exports to the new destinations had witnessed growth by more than 20 per cent since 2011-12 till [...]