• Monday, March 02, 2015

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Export Promotion Bureau

Target to double software exports

Bangladesh expects to earn over $250 million through software exports in the current fiscal year, Prime Minister Sheikh Hasina said yesterday. Exports of IT and IT-enabled services stood at $124.72 million last fiscal year, according to Export Promotion Bureau. Bangladesh exports software to over 50 countries, and the government has attached the highest priority to building a nation educated in IT, Hasina said. She said her government has kept a provision for special incentives for the investors in the ICT sector and...

Exports show a silver lining in gloom

Exports show a silver lining in gloom

January's export figures delivered a ray of sunshine amid the doom and gloom brought about by the dragging political turmoil, registering positive growth in keeping with the uptick generated last quarter. Last month, exports grew about 5 percent to $2.89 billion year-on-year, according to Export Promotion Bureau. The figure is also higher, albeit slightly, than in the previous month: in December last year, some $2.84 billion was received. January's takings missed the export target for the month, which was $2.97 billion. Garment products, which typically account for more than 80 percent of the export earnings, also saw an increase. In January, garment exports fetched $2.42 billion, up about 8 percent year-on-year and...

Forex reserves hit new high

Foreign currency reserves reached a new high yesterday, hitting $22.46 billion on the back of resurgence in exports in the past couple of months. Last month, exports raked in $2.84 billion, up 4.41 percent year-on-year, according to an official from the commerce ministry, whose sub-division Export Promotion Bureau logs in export data. Exports raked in $2.42 billion in November last year. December's figure takes the total export earnings in the first half of fiscal 2014-15 to $14.91 billion, a slight improvement...

Exports continue to stutter

Exports continue to stutter

Exports dropped slightly in September from a year ago, which, analysts say, is a first sign of the long-term impacts of last year's drawn-out political unrest and Rana Plaza building collapse. “We are starting to see the impact of last year's events now,” said Atiqul Islam, president of the Bangladesh Garment Manufacturers and Exporters...

Exports rise 7pc, but miss target

Exports rise 7pc, but miss target

Exports rose 7.25 percent year-on-year to $2.15 billion in the month of August on the back of a rebound in garment shipments. The receipts are about 28 percent less than July's collections and missed the monthly target by $457 million, according to data from the Export Promotion Bureau. Garment products, by far the biggest contributor...

Export to Japan on rise

Export to Japan on rise

Japan has turned into a major export destination for Bangladeshi products as exports to the Far Eastern country are on the rise, thanks to an increased demand for apparel and leather items at competitive prices. Riding on the back of generalised system of preferences, exports from Bangladesh to Japan increased by 14.90 percent to...

Exports to India on the decline

Exports to India on the decline

Exports to India declined 19 percent year-on-year to $456.63 million in fiscal 2013-14 mainly due to a slowdown in shipment of garment items that enjoy duty-benefit in the neighbouring market. In fiscal 2012-13, exports to India were worth $563.97 million, according to Export Promotion Bureau. But exports were supposed to increase as the Indian government...

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