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
Export earnings from US saw 17.94pc growth in July
Export earnings from the USA, the largest export destination for Bangladesh products, witnessed a healthy 17.94 per cent growth in July last compared to the corresponding month of the previous year, mainly due to the good performance of the RMG sector, Prothom Alo reported.
Bangladesh exports to the USA totalled $ 497.36 million in July of the current fiscal year (2017-18) compared to $ 421.72 million of the same month of the previous fiscal year (2016-17). The amount represents 16.65 percent of the country’s total export earnings during the period, the report added.
Ctg port faces fresh congestion
Container congestion has resurfaced in the Chittagong port with the storage capacity being exceeded yesterday, the general consensus reasoning the unavailability of adequate transport for the Eid-ul-Azha holiday, the Daily Star reported.
The poor presence of staff of clearing and forwarding (C&F) agents was also to blame as per officials of the port, which stayed closed for 12 hours on September 2, when Eid was celebrated, the report added.
Chittagong port ranks 71 among 100 busiest ports in the world
Chittagong maritime port reached a new high in container handling according to the latest survey of Lloyd’s List, a UK-based maritime classification society, Dhaka Tribune reported.
The port has moved up five spots and was ranked 71st among the 100 busiest container-handling maritime ports around the world, the report added.
