BD missing out on $5b annual export potential in Jhut sector

Bangladesh is losing up to $5 billion in potential annual export revenue from recycled textile products annually due to the absence of a comprehensive policy framework on circular textile, according to a study.Such a policy could incentivize the industry to upgrade the recycling of post-RMG Jhut (waste fabric), it said.The...

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Chaktai, Khatunganj traders bear the brunt of waterlogging in Ctg

CHATTOGRAM, Aug 26: Traders of Khatunganj and Chaktai commodity hubs in the port city have suffered huge losses as their stocks have been damaged by flash flood.Heavy downpour and tidal surge have caused waterlogging at the commercial hubs, damaging essential commodities at their go-downs.Heavy downpour has disrupted normal life in...

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Prices of essentials surge in flood-affected Feni

As floodwaters begin to recede in the affected areas of Parshuram, Fulgazi, Chhagalnaiya, and Sadar upazilas of Feni, the prices of essential food items and daily necessities have skyrocketed, reports UNB.A Tk 10 candle is now being sold for Tk 100, highlighting the extreme exploitation by some traders in the...

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Darkening global outlook, central bank pivots signal more turbulence

JACKSON HOLE, Wyoming, Aug 26 (Reuters): Growing signs of lackluster growth and risks emerging to the job market overshadowed a gathering of global policymakers at the US Federal Reserve's annual Jackson Hole conference, highlighting the changing trajectory of monetary policy as US and European central banks eye cutting interest rates.Even...

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