The government has decided to ease the condition for getting new market exploration assistance for the readymade garment exporters by allowing them to repatriate their export earnings from any country. Recently, the finance ministry has decided to withdraw the Bangladesh Bank FE Circular 22/2011 to that effect. Leaders of the Bangladesh Garment Manufacturers and Exporters Association said members of the trade body have been facing problem in receiving cash incentive against their exports t

China's trade surplus with the United States widened in 2017 while total foreign trade volume maintained rapid growth, customs data showed Friday. Trade surplus with the United States soared 13 percent year on year to 1.87 trillion yuan ($288 billion), according to Huang Songping, spokesperson of the General Administration of Customs. China's trade volume with the United States expanded 15.2 percent in 2017 to 3.95 trillion yuan, accounting for 14.2 percent of the total. Exports to the

Chinese experts say that China's GDP growth may reach 6.9 percent in 2017. Xu Hongcai, an economist with the China Center for International Economic Exchanges, said such a rate is attainable as performance has exceeded expectations. The country's economy expanded by 6.9 percent in the first two quarters of 2017 and slowed slightly to 6.8 percent in the third quarter. Overall growth for the first three quarters was 6.9 percent, above the government's annual target at around 6.5 percent.

China's economy expanded 6.9 percent in 2017, picking up pace for the first time in seven years. GDP totaled 82.7 trillion yuan ($13 trillion) in 2017, up from around 41.3 trillion yuan in 2010, when China first overtook Japan. But it's not only the speed or quantity of growth that may make China a sustained engine for global economic growth. With policymakers reiterating the importance of "high quality growth," China's economy is entering a new era. Beating forecast "Major macroeconomic

China's economic performance beat market expectations in 2017, but will the bullish momentum continue into the new year? A moderation in GDP growth is the popular view among global investors given a high comparison base, while a more balanced and sustainable economy is expected to take shape faster. China's economy totaled 82.7 trillion yuan ($13 trillion) in volume in 2017, expanding 6.9 percent as it picked up pace for the first time in seven years. Stronger-than-expected growth data

The Belt and Road Initiative would not only enhance trade and commerce ties among participating countries, but also further their relations diplomatically as well as culturally, said US experts. KraneShares, a US asset management firm that specialized in China-focus exchange traded funds, and China International Capital Corporation (CICC) hosted a summit regarding the Belt and Road Initiative at the New York Stock Exchange Tuesday. Experts were optimistic about the prospective of the Belt

A racism scandal at H&M is the latest indication of management problems at the Swedish clothing giant, once the darling of shoppers but now struggling to make the switch to e-commerce, analysts say. The fast-fashion group is one of Sweden's largest export brands and industrial heavyweights, alongside Ikea, Spotify, Electrolux and Volvo. Owned by the Persson family dynasty, it has been listed on the Stockholm stock exchange since 1974. It has collaborated with superstars like Beyoncé

Around 70% of the manufacturing cost of an apparel product is fabric and this cost can be reduced by around 10% by introducing new cutting technology. Bangladeshi apparel makers are introducing cutting edge software technology in a bid to upgrade production processes and reduce fabric waste by raising measurement accuracy. According to industry insiders and technical experts, around 70% of the total manufacturing cost of an apparel product is fabric. This single cost can be reduced

Bangladesh earned $14.56 billion, while the amount was $13.62 billion in the corresponding period last fiscal year Bangladesh’s export earnings rose by 6.86% to $14.56 billion in the first five months of the current fiscal year, with the RMG sector being the largest contributor to this growth. Industry insiders attributed the increase in export earnings to initiatives undertaken to improve workers’ safety standards in garment factories. They said the measures appreciably helped restore

The Kashmiri Carpets is offering carpets made of woollen products, synthetic, silk and cotton-based products, the price of them ranging from Tk6,500 to more than Tk1 lakh Dhanmondi’s 44-year-old Rasheda Chowdhury went to Dhaka International Trade Fair (DITF) on Thursday to buy a carpet. She has been a regular visitor at the fair for the last ten years and every year she buys at least one carpet to redecorate her home. While talking to Dhaka Tribune she said as foreign sellers got more c