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Food import bill to fall, but poorest unlikely to benefit

Geneva, May (Kanaga Raja) – The global food import bill is set to decline by 2.5 percent in 2019 to USD 1.472 trillion, the Food and Agriculture Organisation of the United Nations (FAO) has projected. In its latest Food Outlook released on 9 May, FAO, however, said that poor cereal production prospects for the least-developed countries (LDCs), low-income food-deficit countries ... Read More »

Dhaka urges Delhi to withdraw anti-dumping duty

WTO support sought to address post-graduation challenges Dhaka, May 14 – Bangladesh has urged India to withdraw the anti-dumping duty imposed on Bangladeshi products in its market. Commerce Minister Tipu Munshi raised the issue during his meeting with Indian counterpart Suresh Prabhu on Tuesday in New Delhi. He also sought support for importing more apparel products from Bangladesh and more ... Read More »

24 travel agencies fined in Sylhet for irregularities

Sylhet, May 13 (UNB) – A mobile court here on Monday fined 24 travel agencies a combined Tk 4.75 lakh for various irregularities and not having legal papers. Five teams led by five executive magistrates conducted drives against illegal travel agencies in the town. Human traffickers Hera of UCS Education, Mahbub of Reach Reliance and an employee of Jakir Education ... Read More »

BD farmer protests low prices by setting fire to paddy field

Tangail, May 12 – A farmer set his Boro paddy field on fire protesting the paddy price fall and the serious scarcity of day labourers in the district on Sunday noon. Farmer Abdul Malek Shikder enacted this unique act of protest at Bankina village in Kalahati Upazila. Talking to UNB, Malek said per maund paddy is being sold at Tk ... Read More »

Enforce law to build tobacco-free Bangladesh, seminar told

Dhaka, May 12 (UNB) – Speakers at a seminar here on Sunday underscored the importance of creating awareness and ensuring strict enforcement of laws to build a tobacco-free Bangladesh by 2040.  National Anti-Tobacco Platform and Palli Karma-Sahayak Foundation (PKSF) jointly organised the event on the occasion of the World No Tobacco Day that falls on May 31.  PKSF’s Tobacco Control ... Read More »

Narcotics-men file then drop drug case against Barguna man

Barguna, May 11 – Officials of the Department of Narcotics Control (DNC) here allegedly tried to charge a local trader with Yaba pills in Madrasa road area of the district town on Friday. However, amid strong protests from different sectors, the trader has been freed and a case filed against him withdrawn. Locals said DNC officials claimed that they arrested ... Read More »

Dhaka plans to import more LNG

Dhaka, May 06 – The Bangladesh government is planning to import more Liquified Natural Gas (LNG) from the global market. During the recent state visit of Prime Minister Sheik Hasina in Brunei, a Memorandum of Understanding (MoU) was signed for LNG supply from the country. Bangladesh in last year started getting LNG from RasGas, Qatar. During the Prime Minister’s visit ... Read More »

Bangladeshi del visits Rooppur NPP reference plant in Russia

Russia’s State Atomic Energy Corporation ROSATOM arranged a familiarization tour to Unit- 6 of Novovoronezh Nuclear Power Plant in Russia for a group of Bangladeshi expert and media representatives on April 17, 2019. The said unit is considered to be the reference plant of the under-construction Rooppur Nuclear Power Plant in Bangladesh. Bangladesh team members were taken around the important ... Read More »

Samsung’s 1Q profit slides on falling chip prices

Seoul, Apr 30 (AP/UNB) — Samsung Electronics Co. says its operating profit for the last quarter declined more than 60% from a year earlier because of falling chip prices and sluggish demands for its display panels. The South Korean technology giant on Tuesday said its operating profit for the January-March period came in at 6.2 trillion won ($5.2 billion), which ... Read More »

US takes back signature on Arms Trade Treaty

UNITED NATIONS, Apr 29 2019 (IPS) – The United States dropped a political bombshell when President Donald Trump announced his administration would withdraw from the historic Arms Trade Treaty (ATT) which the former Obama administration signed in September 2013. “We are taking our signature back”, said Trump April 26, addressing a meeting of the National Rifle Association (NRA), one of the ... Read More »

Belt & Road Forum begins in Beijing: 37 countries attend

Dhaka, April 24 – A three-day second Belt and Road Forum for International Cooperation (BRF) began in Beijing on Thursday. Industries Minister Nurul Majid Mahmud Humayun left Dhaka for Beijing on Wednesday to attend the BRF, said an official. Under the Belt and Road Initiative framework, China wants to share its development experiences with other countries and improve connectivity between ... Read More »

Govt failed to rein in market before Ramadan: BNP

Dhaka, Apr 24 (UNB) – BNP on Wednesday alleged that the government has failed to control the market ahead of Ramadan as the prices of essential commodities keep growing. “The Commerce Minister a few days back announced that the prices of essentials won’t go up. But the prices of all the commodities started growing a day after the minister’s such ... Read More »

UK to seek stronger ties with Bangladesh after Brexit

Dhaka, April 23 (UNB) – The United Kingdom (UK) has said it wants to have even stronger relationship with Bangladesh once they come out from the European Union (EU), noting that Bangladesh’s economy has been “growing strongly” in recent years. “Bangladesh is an important market for the UK and it’s becoming even more important,” said visiting Permanent Under-Secretary of the ... Read More »

BD eyes greater energy sector cooperation with Brunei

Bandar Seri Begawan, Apr 23 (UNB) – Bangladesh and Brunei have agreed to explore the possibility of comprehensive collaboration in the energy sector amid the growing demand for energy in Bangladesh to support the rapid economic growth. Prime Minister Sheikh Hasina and Brunei’s Sultan Haji Hassanal Bolkiah also agreed to encourage the relevant agencies from both sides to continue discussions ... Read More »

Dhaka’s proposals on more effective multilateral trading

Dhaka, April 19 (UNB) – Bangladesh has placed six proposals to make the multilateral trading system more effective recognizing importance of multilateral trading system for sustainable development. Principal Secretary to the Prime Minister Md Nojibur Rahman placed the recommendations at the high-level thematic panel discussion titled ‘trade, science, technology, innovation and capacity building’ of the 4th ECOSOC Forum on Financing ... Read More »

Bangladesh Fashionology Summit in Dhaka on May 2

Dhaka, April 18 – Smart clothing is the fourth industrial textile revolution, a sector that will reach a sales volume of more than $130 billion in 2025, said Mostafiz Uddin, founder of Bangladesh Apparel Exchange (BAE). He said this at a press conference which held at a hotel in the capital yesterday. The second ever Bangladesh Fashionology Summit will be ... Read More »

BD traders want export-import simplified at Benapole

Dhaka, Apr 17 (UNB)- Speakers at a meeting urged the government to simplify export and import process through the Benapole land port. They called for capacity enhancement, developing infrastructure and continuing 24 hours operation of the port for smoother export and import process at a meeting held recently at Benapole Custom House Office.  Dhaka Chamber of Commerce and Industry (DCCI) ... Read More »

EU drive for trade liberalisation adds to tensions in Tunisia

by Werner Raza, Jan Grumiller and Bernhard Tröster The European Union’s disproportionate pressure for trade liberalisation risks exacerbating political strains in the last democracy of northern Africa. Tunisia is the only country in northern Africa in which a democratic political system still prevails. The country has been undergoing a difficult transition since it initiated the ‘Arab spring’ in 2011. More ... Read More »

Bhutan keen to boost trade with Bangladesh

DHAKA, April 12, 2019 (BSS) – Bhutanese Prime Minister Dr Lotay Tshering today expressed his keenness to further develop the existing trade relation with Bangladesh. “There are huge potentials to develop the bilateral trade further. The trade relation can be taken to a new height by effective communication and follow up,” he said while meeting with the business leaders of ... Read More »

Bhutanese Prime Minister Lotay Tshering on 4-day Dhaka visit

Dhaka, Apr 12 (UNB) – A red carpet was rolled out as Bhutanese Prime Minister Lotay Tshering arrived here on Friday morning on a four-day official visit. The Bhutanese Prime Minister is making the visit  at the invitation of Prime Minister Sheikh Hasina  aiming to bolster cooperation between the two countries in trade, inland waterways, health and agriculture sectors. Prime Minister Sheikh ... Read More »

UK to extend coop in trade-business and tertiary edu in BD

Dhaka, April 04 – United Kingdom (UK) wants to extend its cooperation in different areas including business and trade as well as tertiary level education here in Bangladesh to strengthen the ties between the two countries. Besides, the UK has sought support and cooperation of Bangladesh in the upcoming COP26 conference hosted by the UK to be held in London ... Read More »

No price hike during Ramadan: PM Hasina tells business

Dhaka, Apr 3 (UNB) – Prime Minister Sheikh Hasina on Wednesday asked the business community not to raise the prices of essentials, including sugar and edible oil, during the upcoming Ramadan. She made the call at a function arranged marking the inauguration and laying the foundation stones of 65 different development activities of economic zones through videoconferencing from Ganobhaban in ... Read More »

Bangladesh awaits e-commerce boost thru digital base: UNCAD

Dhaka, April 3 (UNB) – Although Bangladesh has laid an essential foundation for a technology-driven and skill-based digital economy, it still needs to put in place a comprehensive national e-commerce strategy and improve delivery logistics, said a United Nations Conference on Trade and Development (Unctad) report. A Rapid eTrade Readiness Assessment, completed by UNCTAD at the request of the Bangladesh government, ... Read More »

Can data-labour unions break the monopoly capture of data?

Recently I attended a seminar in Stockholm on the Future of Work, hosted by a major trade union. A representative from Google was present and asked the seemingly sweet and constructive question: what can we do to help? The trade union leader’s answer was to express happiness with the way Google operated in Sweden, since it had agreed to comply ... Read More »

China’s Xi meets European leaders on deal-filled trip

Paris, Mar 26 (AP/UNB) — Chinese President Xi Jinping is meeting with the leaders of France, Germany and the European Commission, as European countries seek to boost relations with China while also putting pressure over its trade practices. German Chancellor Angela Merkel and European Commission President Jean-Claude Juncker came to Paris to join Xi and French President Emmanuel Macron for ... Read More »

The unbearable unrealism of the present

by Paul Mason What characterises the present moment in history is a pervasive sense of unrealism among elites. Official discourses are no longer used as guides to action, laws are not applied and regulations are ignored. The ultimate symbol of the unrealism in the world is contained in two graphs. The first is the projection by the United States’ Congressional ... Read More »

The impact of trade conflict on developing Asia

The 2018 trade conflict between the United States and the People’s Republic of China presents a stumbling block to the global manufacturing and international trade that has driven growth and prosperity in Asia. Findings suggest that if all documented threats and retaliations were to be carried out, gross domestic product would fall by around 1% in the People’s Republic of ... Read More »

NBR awards top 10 VAT payers at DITF

Dhaka, Feb 26 (UNB) – The National Board of Revenue (NBR) on Tuesday honoured 10 firms for depositing large amounts of value-added tax (VAT) from sales at this year’s Dhaka International Trade Fair (DITF) that wrapped up on February 9. NBR Chairman Md Mosharraf Hossain Bhuiyan handed over the awards to the representatives of the companies at a ceremony at ... Read More »

US-China trade war, big concern for global economy: ICCB

Dhaka, Feb 18 (UNB) – International Chamber of Commerce, Bangladesh (ICCB) has said the trade conflict between the United States and China is a major concern for global economy as the two countries are the world’s two biggest economies. “Trade and economic relations between the two countries are of great significance for world economy,” said the ICCB quoting the editorial ... Read More »