Home » Archives by category » Economy (Page 255)

Yasir Wardad and Shah Alam Nur Export of readymade garments (RMG) to India would face a major setback as the big neighbour’s parliament slapped nearly 16 per cent countervailing duty (CVD) on import of the products from Bangladesh, RMG sector insiders said. The Indian measure came when the RMG exporters in Bangladesh starting viewing the neighbouring […]

Continue reading …

DHAKA, MAR 6: Bangladesh said on Tuesday it will not suspend Norwegian mobile telephone firm Telenor’s operations in the country even though a government commission had said its license should be suspended immediately. The commission, set up last year, concluded in a preliminary report last month that the original licensing agreement in 1996, which created […]

Continue reading …

Bangladesh has rejected India’s request to notify it as a country from where it imports cotton yarn as input for textile products it exports to the European Union (EU). “Bangladesh has not accepted India’s request,” Minister of State for Commerce and Industry D Purandeswari told the Lok Sabha in a written reply on March 4. […]

Continue reading …

Bangladesh Bank’s foreign exchange reserve has crossed $14-billion mark for the first time. Central bank Governor Atiur Rahman expressed hope that import costs for the next five months would be met with the present reserves. The reserves stood at $14.1 billion Tuesday. The Governor told bdnews24.com the reserves would increase further when the second instalment […]

Continue reading …

Dhaka: Bangladesh Foreign Minister Dipu Moni on Tuesday said that visiting Indian President Pranab Mukherjee had conveyed “very strongly” that the Indian government is “fully committed” to the assurances given to Dhaka on two outstanding issues — the Teesta water-sharing agreement and the Land Boundary Agreement. Addressing a press conference here, Moni said: “The Indian […]

Continue reading …

Violent situation in Bangladesh has badly disturbed bilateral trade activities through different border points in Tripura. Exporters and importers of both countries are incurring huge financial loss while government is losing hefty revenue. Trade leaders said successive general strikes in Bangladesh and adverse security situation has affected trade in all six land custom stations. They […]

Continue reading …

Jasim Uddin Haroon and Jubair Hasan The country’s corporate sector is bearing the brunt of ongoing political turmoil as sales and production in most entities have dropped sharply for the last few weeks, sector insiders said. Small as well as big business firms and production units are counting financial losses as the off-take of goods […]

Continue reading …

Finance Minister AMA Muhith said on Sunday that the US$200 million Indian grants will be spent for construction of Padma Bridge. “We have decided all of it (200 million) will be used for Padma bridge purpose,” Muhith told reporters emerging from his call on with visiting Indian President Pranab Mukherjee at Sonargaon Hotel yesterday afternoon. […]

Continue reading …

Rezaul Karim A total of 940 borrowers – the top 20 defaulters drawn from each of the 47 scheduled commercial and specialised banks – defaulted on payments of loans and credits to the tune of over Tk 209.201 billion as of December last. The amount was 48.97 per cent of the total amount of classified […]

Continue reading …

By Jason Motlagh Dhaka, Bangladesh — Rajina Aktar was sewing pockets into a pile of winter jackets bound for Europe when the fire’s toxic smoke knocked her out on a second-story floor. In a pitch-dark panic that saw more than 350 people bolt for a single exit, someone carried the 15-year-old girl to safety. Eight […]

Continue reading …

The World Bank President has said they can work with Bangladesh for a faster poverty cut with ‘governance and anti-corruption measures in place’ amid the saga of a fracas between the two over Padma bridge funding.  Jim Yong Kim ‘commended’ Bangladesh on Wednesday for its ‘significant progress’ in overcoming poverty at a meeting in Washington […]

Continue reading …

FE Report Switzerland-based SGS Consumer Testing Services has opened a consumer testing laboratory in Chittagong, Bangladesh. The lab provides inspection and audit services, training and consulting, and physical and chemical quality testing services using state-of-the-art equipment to the area’s many apparel manufacturers so they may comply with international standards and regulations such as Registration, Evaluation, […]

Continue reading …