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Tag Archives: trade

Shipping lines, airlines can remit money from surplus FC earnings

Foreign currency deposited in foreign currency accounts of shipping lines and airlines against freight charges on FOB exports from licensed freight forwarders may be used for outward remittances on account of surplus earnings, a Bangladesh Bank circular said on Monday. Shipping lines, air lines and licensed freight forwarders are allowed to open and maintain foreign currency accounts in as per ... Read More »

US tells Bangladesh to do more on factory safety

A poster tied to a fence at the scene of the Bangladesh Rana Plaza building collapse reads, “We want a safe work place, not a death trap’ on the first anniversary of the disaster on the outskirts of Dhaka on April 24, 2014 (AFP Photo/Munir Uz Zaman) The United States said Friday that it was not ready to restore special ... Read More »

‘Meghalaya coal mining ban hits Bangladesh brick kilns’

Production has been hit in thousands of brick kilns in Bangladesh that are dependent on coal from Meghalaya following an interim ban on the primitive rat-hole mining practice in the northeastern state, a Bangladeshi official said Shillong Monday. “If coal export does not resume, many brick kilns would be closed. We have requested the Indian authorities to allow import of ... Read More »

Robi introduces recharge service thru ATM

Robi Axiata Limited signed an agreement with IT Consultants Ltd (ITCL) on Thursday to introduce mobile phone recharge service through ATMs. Robi chief operating officer Mahtab Uddin Ahmed and managing director & CEO of ITCL Kazi Saifuddin Munir inked the deal on behalf of their respective companies, said a press release. Read More »

No duty-free access to US, Tofail refutes Mozena claim

Bangladesh does not get duty free access of the exports to the United States, Commerce Minister Tofail Ahmed said Wednesday. Refuting US Ambassador Dan W Mozena’s claim of zero tariff facility for Bangladesh in the US, Tofail said this in Dhaka. Tofail said that the US Ambassador’s claim that Bangladesh pays zero tariff to US market is a totally  ‘false ... Read More »

Exports decline in July-Oct period

Exports have declined in the first four months of the current fiscal year compared to the same period in the previous FY. According to the latest data released by the Export Promotion Bureau (EPB) on Monday, Bangladesh exported goods worth $9.65 billion during July-Oct period of 2014-15 FY, 0.97 per cent less than corresponding period last year when exports fetched ... Read More »

HC stays REHAB elections

The High Court on Monday stayed for three months the elections to Real Estate and Housing Association of Bangladesh (REHAB) scheduled to be held on May 31. An HC bench comprising Justice Dr Quazi Reza-Ul Hoque and Justice ABM Altaf Hossain passed the order after the primary hearing of a writ petition. The court also issued a rule upon persons ... Read More »

Dhaka wants to sign FTA with Manila

Bangladesh wants to sign a free trade agreement (FTA) with the Philippines to boost trade between the two countries, Commerce Minister Tofail Ahmed said on Tuesday. Tofael, now in Manila, conveyed the interest during his meetings with the leaders of business bodies there, said an official at the Commerce Ministry here on Tuesday. Read More »

Hawkers demand policy, law to protect them

Bangladesh Hawkers Federation on Thursday demanded that the government makes a national policy and a law to stop harassment of street vendors. General secretary of the federation Mohammad Rafiqul Islam placed the demand at a press conference at Asad Auditorium at Workers Party’s central office in the city. Read More »

Sri Lankan envoy seeks FTA with BD

Sri Lanka wants to sign a free trade agreement with Bangladesh to boost bilateral trade, the country’s ambassador in Dhaka said on Saturday. Sri Lanka has eased the taxation system to attract foreign investment and Bangladesh can take advantage of it, Sri Lankan ambassador WA Sarath K Weragoda told a meeting in Dhaka. Read More »

Over 100 social businesses produced at design lab

The 14th Yunus Centre Social Business Design Lab took place on 19 April 2014 at the Grameen Bank Auditorium. Over 150 participants from national and international organizations attended in the program. The Design Lab was chaired by Nobel Laureate Professor Muhammad Yunus. He began by welcoming the guests including those participating via live stream. Professor Yunus then provided a summary ... Read More »

Robi unveils Galaxy S5 in Sylhet

Samsung Electronics Bangladesh, in exclusive association with Robi Axiata Limited, officially announced the launch of the fifth generation of the Galaxy S series, the Galaxy S5. The Galaxy S5 was unveiled by Mahtab Uddin Ahmed, chief operating officer, and Matiul Islam Nowshad, chief human resources officer of Robi Axiata Limited, and SangHwa Song, General Manager of Samsung Electronics Bangladesh branch ... Read More »

Coal import thru’ Tamabil, Sheola resumes Tuesday

Coal import from India through Tamabil and Sheola land stations will resume on Tuesday after its suspension for two weeks. Sylhet Coal Importers’ Group general secretary Chandan Saha said the coal import will resume from Tuesday as the crisis created over coal import has been resolved following a visit of a delegation of Coal Importers’ Group to India. Read More »

6 more gas projects on cards under Gas Dev Fund

The Energy Ministry has worked out a plan to implement six more gas projects involving Tk 1,237 crore under the Gas Development Fund (GDF), a special fund created by the government through consumers’ money derived from increased gas price. While passing an order on increasing the gas price at consumers’ level in 2009, the energy watchdog asked the government to ... Read More »

Rutgers joins push for safer working conditions

International workers rights groups are praising a decision by Rutgers University that could help eliminate sweatshops in Bangladesh. Rutgers, New Jersey’s state university, is the latest of 17 schools requiring manufacturers of its collegiate apparel to sign the Accord on Fire and Building Safety in Bangladesh. That accord requires factories to establish workplace safety rules and agree to independent inspections, ... Read More »

Singapore to invite B’desh businessmen

Singapore will invite private entrepreneurs from Bangladesh to gain experience for boosting local economy. Chan Heng Wing, Singapore’s Non-Resident High Commissioner to Bangladesh, said this when she called on Prime Minister Sheikh Hasina at her office on Thursday. Read More »

Export diversification must with Malaysia

Bangladesh needs to diversify its export basket first to benefit from the possible Free Trade Agreement (FTA) with Malaysia, said an economist and business leaders. One of the business leaders think signing an FTA with ‘certain restrictions’ instead of ‘large scale’ ones will bring in more benefits for Bangladesh as it has currently ‘limited’ products to export to Malaysian market. ... Read More »

Vegetables prices going up

Prices of vegetables, including those of onion, garlic and potato, have risen in retail markets in capital Dhaka. Vendors said a drop in their supply had led to the price rise at the end of the winter season. Onions in different markets in the capital on Friday sold at Tk 28-32 per kg up from Tk 25-28 last week. Imported ... Read More »