Samir Asaf, managing director of US-based investment bank DelMorgan and Co recently met Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Faruque Hassan in Dhaka and discussed various issues. The former expressed interest in exploring opportunities to work together to support BGMEA member firms’ strategic financial requirements. Hassan highlighted the prospect of investment […]

In the third quarter (Q3) of 2021, the seasonally adjusted general government deficit to gross domestic product (GDP) ratio stood at 4 per cent in the euro area and 3.7 per cent in the European Union (EU), according to Eurostat, the EU statistical office. Significant decreases in the deficits compared to the Q2 […]

SGS Group, a Swiss leading testing, inspection and certification company, has recorded a total revenue of CHF 6.4 billion in fiscal 2021, up by 14.3 per cent, driven by the ongoing recovery from the COVID-19 pandemic as well as strategic focus and significant contribution from acquired revenue. Organic revenue increased by 8.9 per […]

The Bangladesh government is a step closer to build a planned shipyard near the Payra seaport in Patuakhali, with a proposal of Tk14,000 crore in foreign direct investment—the biggest of its kind. Representatives from Singapore- and Australia-based Gentium Solutions and Netherlands-based Damen Shipyards Group presented a project proposal to the government recently. The […]

Real US gross domestic product (GDP) increased at an annual rate of 6.9 per cent in the fourth quarter (Q4) of 2021, according to the advance estimate released by the Bureau of Economic Analysis (BEA). In Q3, real GDP increased by 2.3 per cent. The increase in the fourth quarter GDP reflected the […]

Uzbekistan recently issued a presidential decree on measures to stimulate deep processing, production and export of finished products with high added value by textile and clothing and knitwear enterprises. The decree established the Textile Industry Support Fund. The decree mandates several steps from February 1 this year to January 1, 2025. Enterprises that […]

The trade volume between the southern Chinese city of Shenzhen and member states of the Regional Comprehensive Economic Partnership (RCEP) hit a record of 935.5 billion yuan ($147.5 billion) in 2021—up by 13.6 per cent year on year (YoY), according to the city’s customs bureau. In 2021, Shenzhen’s general trade and processing trade […]

To lay a strong foundation for achieving carbon neutrality, China will appropriately control its total energy consumption and cut energy consumption per unit of gross domestic product (GDP) by 13.5 per cent by 2025 compared with the 2020 level, according to a five-year plan on energy conservation and emission reduction released by the […]

Welspun India Limited has recently committed to the Science Based Targets initiative (SBTi) of Net-Zero Standard and Business Ambition for 1.5°C to mitigate its GHG emissions. SBTi Business Ambition for 1.5°C is an urgent call to action from a global coalition of UN agencies and business and industry leaders, in partnership with the […]