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Gonoforum extends support to LDA’s hartal

Dhaka, July 4 – Gonoforum on Thursday extended its support to the Left Democratic Alliance’s (LDA’s) half-day hartal to be enforced across the country on July 7 protesting the gas tariff hike. The decision was taken at a meeting of the party’s presidium members, said a press release. Besides, the party announced some action programmes to register its protest against ... Read More »

Trade truce euphoria eases and markets tread water

London, July 2 (AP/UNB) — Global stock markets traded in fairly narrow ranges Tuesday as investors moved on from the latest truce in the costly US-Chinese trade war. Investors were encouraged Monday by the agreement between Presidents Donald Trump and Xi Jinping of China at a weekend meeting of the Group of 20 major economies to resume trade negotiations. Forecasters ... Read More »

Demos in district towns against gas price hike Tuesday: BNP

Dhaka, July 01- The major opposition BNP will stage demonstrations at district towns and city corporations across the country on Tuesday protesting the government decision to increase gas prices. In the capital city of Dhaka, the party will either stage demonstrations or bring out processions at thana level. BNP senior joint secretary general Ruhul Kabir Rizvi yesterday announced the programme ... Read More »

Nokia distances itself from boss’s warning on Huawei 5G kit

Dhaka, Jun 30 (UNB) -Telecoms giant Nokia has disowned the comments one of its senior executives made about rival Huawei, reports the BBC. Nokia’s chief technology officer Marcus Weldon told the BBC that the UK should be wary of using the Chinese hardware. He said Huawei’s telecoms kit had vulnerabilities that meant it posed a risk to 5G networks. In ... Read More »

Gas price for cooking raised by 32.8 pc

Dhaka, Jun 30 (UNB) – The average gas price has been raised by 32.8 percent for the retail consumers in the country with effect from Monday (July 1). Chairman of the Bangladesh Energy Regulatory Commission (BERC) Monwar Islam announced the decision of the commission at its office on Sunday. As per the new price hike, the household consumers having single ... Read More »

‘Back on track’: Trump, Xi seal trade war truce

Osaka, Japan, June 30, 2019 – US President Donald Trump on Sunday hailed trade talks with his Chinese counterpart Xi Jinping as “far better than expected” and vowed to hold off on further tariffs as negotiations continue. “The quality of the transaction is far more important to me than speed. I am in no hurry, but things look very good!” ... Read More »

RMG industry of BD wants higher prices from intl buyers

Dhaka, June 27 (UNB) – Bangladeshi apparel businesses called upon international buyers for maintaining responsible buying practices to obey their given conditions properly. The business insiders also said that their businesses are under pressure not getting proper prices of their products. They have reformed their factories costing huge money following Accord and Alliance but the buyers do not pay good ... Read More »

Low-income nations pay over 20 times more for generic drugs

By Caley PigliucciReprint UN, Jun 21 2019 (IPS) – A recently-released report by the Washington-based Center for Global Development (CGD) shows that generic drugs, like omeprazole (used to treat heartburn), can cost 20-30 times more in low and middle-income countries than in high-income countries. Rachel Silverman, a researcher with CGD who worked on the report, told IPS that “There is ... Read More »

Iranians say their ‘bones breaking’ under US sanctions

Tehran, Jun 24 (AP/UNB) — As the U.S. piles sanction after sanction on Iran, it’s the average person who feels it the most. From a subway performer’s battered leather hat devoid of tips, to a bride-to-be’s empty purse, the lack of cash from the economic pressure facing Iran’s 80 million people can be seen everywhere. Many blame President Donald Trump ... Read More »

Apple warns Trump that more China tariffs will help rivals

Dhaka, Jun 23 (UNB) – Apple has joined a growing chorus of firms urging the Trump administration to drop a plan for more US tariffs on Chinese goods, reports the BBC.  The US has said it may impose duties on $300bn (£236.1bn) worth of Chinese products if the two sides can’t reach a trade deal. In a letter, Apple “urged” ... Read More »

US-China trade war, sea row in ASEAN summit spotlight

Bangkok, June 22 (AP/UNB) — Southeast Asian leaders will commit to conclude a long-delayed regional trade pact this year despite lingering odds to fend off risks from a protracted U.S.-China trade war when they gather for a weekend summit in Thailand. The Chinese sinking of a Philippine boat, which endangered 22 Filipino fishermen, is also expected to put the South ... Read More »

China will oppose attempts to suppress its dev, says envoy

Geneva, 13 Jun (D. Ravi Kanth) – China is ready to offer a package of market access concessions to the United States for reaching an agreement in the trade war launched by Washington, but will fiercely oppose attempts to “demonize” and “suppress” China’s ongoing developmental efforts, said China’s new envoy to the United Nations in Geneva on 13 June. The ... Read More »

Target’s tech trouble clogs stores with long checkout lines

San Francisco, Jun 16 (AP/UNB) — A glitch stalled checkout lines at Target stores worldwide Saturday, exasperating shoppers and potentially eating into sales at a prime time for retailers, the day before Father’s Day. The roughly two-hour outage periodically prevented Target’s cashiers from scanning merchandise or processing transactions as long lines formed in some stores. Self-checkout registers, usually the speediest ... Read More »

Gold traders plan to organise Bangladesh’s 1st Gold Fair

Dhaka, June 12 (UNB) – A three-day long gold fair will be held at Dhaka’s Hotel InterContinental between June 23-25 following the government’s offer to legalize undeclared gold. Bangladesh Jewellers Samity or Bajus General Secretary Dilip Kumar Agarwala announced it to the media at a discussion meeting at the Officers’ Club, Dhaka. Dilip noted that earlier there were no rules ... Read More »

Eco-trends – what’s next on radar for green consumers

If 2018 was the year of the reusable coffee cup and paper straws, where next for the ethical high street consumer? BusinessWaste.co.uk research takes a closer look at the areas to watch in 2019 as well as a look back at the progress so far. Packaging-free stores Selling produce without excessive packaging is less a new idea and more a ... Read More »

BD Govt mulls procuring 2,50,000 mt paddy from farmers

Dhaka, June 11 (UNB) – The government is going to procure some 2,50,000 metric tonnes of paddy directly from farmers so that they can enjoy the benefits of farming, said Food Minister Sadhan Chandra Majumder on Tuesday. The minister came up with the disclosure while addressing a press conference at the secretariat.  “The government previously decided to procure 12,00,000 tonnes ... Read More »

Progress in building economic BCIM corridor sought

Yuxi City (Yunnan), June 11 (UNB) – Bangladesh, China, India and Myanmar (BCIM) on Tuesday felt the necessity to further deepen cooperation and promote substantial progress in building the BCIM Economic Corridor (BCIM EC) to promote regional peace, stability and development. The four countries think that they should continue to improve the BCIM cooperation mechanism and the “government-support and multi-track” ... Read More »

Huawei: ‘We stand naked in front of the world’

Huawei has denied that it has any links to the Chinese government. Huawei’s cyber-security chief John Suffolk told MPs on Monday that the tech giant had never been asked by China or any other government to “do anything untoward”. Mr Suffolk said Huawei welcomed outsiders to analyse its products and detect engineering or coding flaws. “We stand naked in front ... Read More »

BD garment exports record 12.82pc growth in 11 months

Dhaka, June 10 (UNB)-Bangladesh’s export earnings from Ready-Made Garment (RMG) sector earned $31.73 billion in the first 11 months of the fiscal (July to May), up 12.82 percent from the corresponding period of the last fiscal, when it was $28.12 billion.   According to the Export Promotion Bureau (EPB) data released on Monday, knitwear products earned $15.68 billion, which is 12.50 ... Read More »

Plastic goods makers of BD eye bigger share in global market

Dhaka, June  11 (UNB)- The plastic goods sector, which has tremendous potential to capture a chunk of the global market, will flourish further if a specialized industrial zone and modern recycling system could be established for producing environment-friendly products, according to business insiders. The country’s plastic goods industry is booming due to availability of raw materials at a cheaper rate, government ... Read More »

G20 urged to speed up digital tax on tech giants

FUKUOKA, Japan, June 8, 2019 (BSS/AFP) – Top G20 finance officials agreed Saturday there was an urgent need to find a global system to tax internet giants like Google and Facebook but clashed on the best way to do it. The G20 has tasked the Organisation for Economic Cooperation and Development to fix the system that has seen some internet ... Read More »

Xi, Putin lead bilateral ties into new era of int’l cooperation

St. Petersburg,  June 8 (Xinhua/UNB) — Chinese President Xi Jinping’s visit to Russia showed that the consensus on deepening mutual trust between the two countries is unbreakable and that China’s belief in win-win cooperation is unshakable, Chinese State Councilor and Foreign Minister Wang Yi said here Friday. Xi wrapped up a three-day visit to Russia on Friday, during which he ... Read More »

Facebook stops Huawei from pre-installing apps on phones

London, Jun 8 (AP/UNB)  — Facebook said Friday it has stopped letting its apps come pre-installed on smartphones sold by Huawei in order to comply with U.S. restrictions, a move that deals a fresh blow to the Chinese tech giant. The social network said it has suspended providing software for Huawei to put on its devices while it reviews recently ... Read More »

Bangladesh to export 10-15 lakh tonnes rice: Minister

Dhaka, May 30 (UNB) – Agriculture Minister Dr Abdur Razzaque on Thursday said the government has decided to export 10 to 15 tonnes of rice, aiming to save famers from losses. Dr Razzaque disclosed the decision at a press conference on the government steps over the market price of paddy at his ministry’s auditorium. The minister said the government is ... Read More »

Huawei asks court to deem US security law unconstitutional

Shenzhen, May 29 (AP/UNB) — Chinese tech giant Huawei filed a motion in U.S. court Wednesday challenging the constitutionality of a law that limits its sales of telecom equipment, the latest action in an ongoing clash with the U.S. government. Huawei’s chief legal officer Song Liuping said at press briefing that Huawei had filed a motion for summary judgment asking ... Read More »

Dr Kamal blames paddy price on Irresponsibility, policy gap

Dhaka, May 22 (UNB) – Gonoforum President Dr Kamal Hossain on Wednesday alleged that farmers are not getting the fair prices of paddy due to the lack of an agricultural policy and government’s “irresponsibility”. “It’s unimaginable that farmers are being punished for bountiful paddy production. They’re now being forced to set fire to paddy fields for not getting the fair ... Read More »

Regulatory duty increased to discourage rice import

Dhaka, May 22 (UNB) –The government has increased the regulatory duty on rice import to 25 percent from the existing 3 percent, aiming to discourage its import following a drastic fall in rice prices in the country. The National Board of Revenue (NBR) issued a circular in this regard on Wednesday with immediate effect. Besides, the circular said, the importers ... Read More »

Google says services on Huawei phone still will function

Beijing, May 20 (AP/UNB) — Google is assuring users of Huawei smartphones the American company’s basic services will work on them following U.S. government restrictions on doing business with the Chinese tech giant. Google, a unit of Alphabet Inc., said Monday it is complying with and “reviewing the implications” of the requirement for export licenses for technology sales to Huawei ... Read More »

Huawei has immediately lost access to Android and Google

NEW YORK (Reuters) – Alphabet Inc’s Google has suspended business with Huawei that requires the transfer of hardware, software and technical services except those publicly available via open source licensing, a source familiar with the matter told Reuters on Sunday, in a blow to the Chinese technology company that the U.S. government has sought to blacklist around the world. Holders ... Read More »

Dhaka e-commerce fair for online shopping promotion

Dhaka, May 18 – A two-day e-commerce fair organised to promote online shopping in the country ended in the city on Saturday. Bangladesh Post Office and e-Commerce Association of Bangladesh (e-CAB) jointly arranged the exposition on the GPO premises as part of a series of divisional-level e-commerce fairs. On the last day of the Dhaka fair, prizes were distributed among ... Read More »