CPD RMG Study Stitching a better future for Bangladesh
Every day, CPD RMG Study team reveals what’s on our economic and apparel radar and curates a selection of the best reports, opinion, and analysis you may have missed.
Gas consumption in Bangladesh reached a new high in 2016
Bangladesh witnessed record gas use in 2016, as estimated by Petrobangla, the government’s oil and gas corporation. In 2016, Bangladesh consumed almost one trillion cubic feet (TFC) of natural gas, the most ever.
While this is a clear indication of the country’s fast growing energy demand, the country’s gas reserve has decreased to 12.88 TCF in the producing and non-producing fields.
Bangladesh prof discovers new fibre that can make comfortable clothes
A new natural fibre has been allegedly discovered by a pharmacy professor of Rajshahi University which is better than jute or linen. Prof Anwar Ul Islam has conducted a four-year research on the fibre and is looking for textile experts who can produce it commercially.
The fibre is said to be quite comfortable and glossy that would be useful for making comfortable clothes.
Non-performing loans: a looming problem for banks
Non-performing loans are rising worryingly in the banks of Bangladesh while too little has been done to remedy the problem. Despite a growing concern over the problem in the financial arena, around 11 per cent of the country’s banks did not have an ‘in-depth’ look into the issue of NPLs in the past year. The observations came out from an industry-wide survey on the banking as well as financial sector. It also shows that around 3.0 per cent of the country’s banks had not assessed their past NPL-reduction strategies at all while 36 per cent did so only on an ad-hoc basis.
