Cash incentives for Bangladesh's export-oriented ready-made garment (RMG) manufacturers have been redoubled to 5.0 per cent from 1.5 per cent for resuscitating struggling spinning industry through greater use of locally produced yarns and fabrics.Geographic  The Finance Division issued on Jul

Bangladesh's efforts to diversify its export basket beyond single-item dependence on ready-made garments (RMG) have made little headway over the past five fiscal years.   Even four of the country's five largest non-RMG export sectors are still earning less than they did in the financial

Sheltech Group, one of the leading business conglomerates, has unveiled an investment programme worth around Tk 15.04 billion across agro-processing, real estate, textiles, manufacturing and renewable energy, aiming to create nearly 45,000 jobs, including about 40,000 through contract farming in th

Bangladeshi spinning mills are increasingly turning to direct procurement of raw cotton from US farmers, bypassing traditional international trading houses in a move expected to lower costs for local manufacturers while ensuring better returns for American growers.Demographics The initiative, led

One of Bangladesh's leading industrial conglomerates, DBL Group, plans to list at least five more companies on the country's capital market over the next four years as part of its strategy to strengthen corporate governance, institutionalise professional management and ensure long-term business sus

The upcoming visit of Prime Minister Tarique Rahman to Malaysia is expected to mark a "significant milestone" in Bangladesh-Malaysia relations, with labour cooperation, trade expansion and investment taking centre stage. Such is a preview expressed by Bangladesh-Malaysia Chamber of Commerce and

Primary textile and garment accessories manufacturers have urged the government to ensure equal corporate tax treatment, arguing that despite being vital components of Bangladesh's apparel export value chain, they continue to shoulder a significantly higher tax burden than export-oriented garment m

Government's revenue authority has moved to ensure accurate customs valuation by using internationally recognised price benchmarks to verify import prices and thus prevent duty-dodging through trade misdeclaration. Officials say the mechanism will be executed to prevent under-invoicing and o