Alsuwaidi bagged a second gold for the Emirates in the Adults Male -56 Kg category as Thailand topped the medal table on day one
sports3 hours ago
Bangladesh authorities announced that 319 garment factories, unable to cope with global competition, are going to shut down.
"It is a matter of concern that 618 factories shut down in past three years after their productivities dropped due to various reasons. Now 319 more factories are also going to close down," Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Siddiqur Rahman said on Saturday.
The garment sector is facing the challenge of gas and power crisis, high interest rate of bank loans, devaluation of the US dollar, and cut in price of its products, Rahman said.
He demanded halving the tax at source for the sector to 0.3 per cent in 2016-17 like the previous fiscal year.
He also suggested that no value added tax should be imposed on garment accessories, and duty-free import of fire extinguishers should be allowed to help the entrepreneurs tackle the challenges.
Rahman said the export from the sector has been growing by an average of 10 percent over past five years.
"We need 12 per cent annual growth in order to reach the export target of $50 billion by 2021. But the growth was only 6.81 per cent over past 22 months," he said.
"So we are 3.19 percentage points behind from the expected average growth and 5.19 percentage points behind from the expected growth for the 2021 target," he added.
Alsuwaidi bagged a second gold for the Emirates in the Adults Male -56 Kg category as Thailand topped the medal table on day one
sports3 hours ago
Last month, Abu Sitta reported that he had been banned from Germany 'for the month of April', and accused the authorities there of stifling freedom of expression
world3 hours ago
Report reveals over 52% of people spend more than seven hours a day on internet
tech3 hours ago
Dubai-based Adrian Meronk is among a quartet of players tied in the runner-up spot as Smash GC leads Team Event by one shot
sports4 hours ago
The prospect of a large-scale invasion of Rafah, where around 1.2 million civilians are sheltering, has sparked intensifying global alarm
world4 hours ago
The festival saw the participation of 120 students in school theatre, Arabic calligraphy, and visual arts
uae4 hours ago
The PTI founder emphasised a deal is made by someone who wants to leave the country or avoid incarceration
asia4 hours ago
The ministry said later that Russian aircraft and air defence systems had downed a total of 15 ATACMS in the past week
world4 hours ago