Business Confidence & Bangladesh: What will drive the Economy in 2018?

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Business Confidence & Bangladesh: What will drive the Economy in 2018?

...up an impressive annual average growth rate of more than 6% over the last ten years. However, stagnation of the RMG sector, lower oil prices adversely impacting remittances, and current...

LightCastle Analytics Wing | March 15, 2018

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COVID-19: A Wake-up Call for Global and National Supply Chains

...and countrywide supply smooth. Also, businesses need to get their imported goods released from the ports following the relaxation of government restrictions. According to Moody’s, the disruption in RMG supply...

LightCastle Analytics Wing | June 11, 2020

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What an Indian Recession Could Mean for Bangladesh?

...agriculture. Bangladesh’s great success lies in its being able to fill the gap left by Chinese exporters of RMG products as policy-makers in Beijing shift their focus towards increasing domestic...

LightCastle Analytics Wing | November 14, 2019

Profile

RMG and Textile

RMG and Textiles industry has consistently been the key driver of Bangladesh export for the last 4 years, covering over 80% of the total export. Hence, the industry has earned...

Story

Prospects of Plastics Sector: A Rarely Told Story

...people in small units, 0.5 million in medium and 0.1 million in large enterprises while 0.6 million people are indirectly working with the sector.[4] The export of plastic goods can...

LightCastle Analytics Wing | March 25, 2020

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Bangladesh Leather Industry – From Hazaribagh to Savar

...[2] . However, the leather industry has recently been facing a gradual decline in export earnings. In FY18, exports of leather, leather goods, and footwear were $1.08 bn, down from...

LightCastle Analytics Wing | May 14, 2019

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High Prospects in the Commercial Vehicle Market

...is thus derived demand from the demand for goods and services. In Bangladesh, cargo commercial vehicles are mainly used for the transport of RMG products, construction materials, and commodities.[7] Moreover,...

LightCastle Analytics Wing | July 24, 2019

Story

COVID-19 Brings Winds of Change in Globalization

...of countries that enable the Ready-made Garments (RMG) and Remittance sectors. [16] Due to the recent crisis, RMG companies that buy from Bangladesh are closing doors in cities throughout America...

LightCastle Analytics Wing | June 2, 2020

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Digital Financial Service: Expanding Role of Institutional Players

digital financial services in bangladesh

...remains. High human capital intensive industries like readymade garments (RMG), financial services (including micro-finance), consumer services industry and agriculture can drive the demonetisation and transaction digitisation wave. There are additional...

| December 18, 2018

Story

India Bangladesh Transit Treaty (Part I): The Costs and the Opportunities

...from India. The Standard Operating Procedure (SoP) for this was signed in October, 2018 according to which goods that reach Chattogram and Mongla sea ports, will be carried by road,...

LightCastle Analytics Wing | December 2, 2020

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COVID-19 Impact: Industries Experiencing Growth Due to the Pandemic

...amounts such as salaries of workers in the RMG sector. MFS and Bangladesh Bank have worked on this issue by removing transaction charges on purchase of essential goods such as...

LightCastle Analytics Wing | June 7, 2020

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Developing the Leather Industry in Bangladesh

...dominates exports, i.e., ready-made garments (RMG), accounting for over 80% of the annual export receipts. RMG also accounts for over 45% of gross value added in manufacturing. The overwhelming dependence...

Published by: Asian Development Bank (ADB)
Author: Soon Chan Hong
Published on: November 1, 2018

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Bangladesh’s Golden Fiber Exports Facing Bottlenecks

...The government has been providing jute goods manufacturers a 10% corporate tax rate on export earnings until FY2020, down from 15% in the past and a 0.6% source tax on...

LightCastle Analytics Wing | May 14, 2019

Story

An Update On Special Economic Zones in Bangladesh

...the bulk of which are from the apparel industry, otherwise known as the Ready Made Garment (RMG) sector.[2] According to BEPZA, in the two decades until 2017, EPZs brought in...

LightCastle Analytics Wing | October 17, 2019

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