Rising raw material, freight costs squeeze RMG industry

Bangladesh's apparel industry is coming under mounting pressure as rising yarn and cotton prices, coupled with higher freight costs and longer lead times, continue to erode profit margins, entrepreneurs say.Industry insiders say the ongoing turmoil in the Middle East has disrupted global supply chains, pushing up the cost of key...

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Tk 39.65b project planned to strengthen UPS

The Finance Division of the Ministry of Finance is set to roll out a Tk 39.65-billion project to strengthen the Universal Pension System (UPS), with around 76.92 per cent of the funding expected to come from loans from the Asian Development Bank (ADB), officials said.The project, titled "Strengthening Universal Pension...

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Heat wave grips 27 dists, likely to persist

A mild-to-moderate heat wave continued to sweep across several parts of the country on Friday and is likely to persist in the coming days, according to the Bangladesh Meteorological Department (BMD).In a bulletin issued on Friday, the BMD said the heat wave is currently affecting Rajshahi and Khulna divisions, with...

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Many shops fail to heed abrupt closure directive

Many markets and shopping outlets remained open after 6:00pm Friday despite the cutoff time coming from the government, rather abruptly.At the cabinet meeting on Thursday night, the government decided, among others, that shops and markets should shut by 6:0pm from Friday as part its austerity measures in the face of...

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Dhaka, Tokyo move closer to deal

Bangladesh and Japan have stepped up efforts to resolve a long-running deadlock over the operation of Hazrat Shahjalal International Airport's (HSIA) third terminal, holding a high-level meeting on Friday that officials say could lead to an agreement within days.The second round of senior-level talks, held at the Ministry of Foreign...

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Prayer Timings _2026-04-04

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