Business and Trade

Local printers get a leg-up in fight for textbook orders

Local printers are likely to be able to compete with their foreign counterparts in securing orders to make textbooks for schoolchildren using imported paper thanks to a decision

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Bangladesh signs 2 MoUs with Netherlands

Bangladesh and the Netherlands have signed two memorandums of understanding (MoUs) for capacity building of the water sector in Bangladesh.

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China, US start high-level trade talks in Beijing

US and Chinese negotiators kicked off two days of high-level trade talks in Beijing on Thursday (Feb 14), hoping to resolve a festering dispute that has cast a shadow over

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Impressive growth benefits not equally distributed: CPD

Despite impressing economic growth, a large part of Bangladeshi citizens have not been able to attain the benefit as the benefits of growths were not equally distributed, a recent

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World Bank to continue support to Bangladesh

Outgoing Country Director of the World Bank for Bangladesh, Bhutan and Nepal Qimiao Fan on Sunday said the global lending agency will continue to cooperate with Bangladesh for the

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More policy support needed for pharma sector growth

Experts on Saturday identified lack of skilled human resources, inadequate policy support and poor backward linkage industries as the key challenges for the growth of

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Digital map charting garment factories in Dhaka launched

An online map containing essential information on export-oriented ready-made garment factories situated in the Dhaka district has been launched.

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Tk200 crore export orders at DITF

Commerce Minister Tipu Munshi on Saturday said the month-long Dhaka International Trade Fair (DITF) concluded successfully, drawing large crowds and getting more export orders

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DSE proposes fresh rules for small cap board

Dhaka Stock Exchange has put forward a set of fresh listing and trading regulation proposals for the proposed small capitalised board of the bourse to Bangladesh Securities and

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500 mmcfd LNG supply begins from Chattogram today

The supply of 500 mmcfd Liquefied Natural Gas (LNG) into the national grid will start from Chattogram today.

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US envoy Miller visits book fair

US Ambassador to Bangladesh Earl R Miller along with his wife today visited the month-long Amar Ekushey Grantha Mela, Bangladesh is largest book fair.

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Govt vows to address private sector is woes

The finance minister and a key adviser of the prime minister yesterday came up with big promises to improve the business climate, reduce the interest rate on lending, bring down

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EU slashes eurozone growth forecast on German slowdown

The European Commission on Thursday sharply cut its eurozone growth forecast for 2019 as an unexpected slowdown in Germany and protests in France weighed on the economy in Europe.

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Special audit to be conducted in all banks: Kamal

Finance Minister AHM Mustafa Kamal today said the government is going to arrange special audit in each bank for ensuring transparency and integrity in the financial sector.

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LPG price will not be reduced soon

The price of liquefied petroleum gas (LPG) is not going to be reduced soon as the LPG price in the world market has shot up recently. Members of the LPG Operators Association of

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Polish govt plans to invest US$ 1bn in Bangladesh

Poland is first Deputy Minister of Energy Grzegorz Tobiszowski on Wednesday said the Polish government is ready to invest US$ 1 billion in Bangladesh, mainly in mining sectors

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ADB provides $50mn to promote microenterprise dev in Bangladesh

The Asian Development Bank (ADB) and the government of Bangladesh on Wednesday signed an agreement for $50million in loan to promote microenterprise development for inclusive

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Trade deficit drops by 11pc in H1

Country’s trade deficit eased by 11.22 per cent in July-December in the current fiscal year (2018-19) compared with that in the same period of the last fiscal year (2017-18)

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Foreign businesses fret as China fast-tracks investment law

China is fast-tracking a foreign investment law at an unprecedented pace to meet Washington’s demands on trade, but businesses fear that time to review and raise objections on a

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Honey farming gains popularity in Rajshahi

Number of honey harvesters in mustard farming fields is increasing gradually as the composite farming is being adjudged as lucrative means of boosting mustard yield in the region

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Bangladesh, EU to sign bilateral financing deal

Bangladesh and the European Union (EU) will sign a bilateral financing agreement on the Human Capital Development Programme 2021 (HCDP-21) on Tuesday.

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Rehab fair-2019 begins Wednesday

The annual fair of Real Estate and Housing Association of Bangladesh (Rehab) will start on Wednesday in the city. “The five-day fair will be held at the Bangabandhu

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US job growth surges in Jan despite govt shutdown

US job creation had another blockbuster month in January, blowing past the government shutdown, but that disruption helped to push the unemployment rate higher, the Labor

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Disappointing factory activity threatens global growth

Factory activity was at its weakest in years across much of the world during January, adding to worries trade tariffs, political uncertainty and cooling demand poses an increasing

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Washington, Beijing all smiles on trade but doubts persist

The United States and China radiated positivity after this week’s trade talks but doubts persist about the chances of sealing the overarching deal Donald Trump wants.

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Netherlands Damen Shipyards keen to invest in Bangladesh

Damen, a very common name in global shipping industry, wants to invest in Bangladesh in a bigger way, says its top executive. Chief Executive Officer of Damen Rene Berkvens

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Instigators of RMG unrest ‘identified’

Law enforcement agencies have identified the culprits who provoked a storm of protest from readymade garments (RMG) workers demanding minimum wage hike, payment of arrear and

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Poor bad loan recovery by scam-hit SOBs irks FID

Financial Institutions Division at a meeting on Thursday expressed disappointment over a slow recovery of the bad and written-off loans by scam-hit state-owned banks. The meeting

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Experts advise introduction of ADR courses in univs

Experts on Thursday stressed the need for introducing alternative dispute resolution courses in law education in the country to promote the mechanism of dispute settlement for

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Bangladesh needs $24 b infrastructure spending to join middle income club: AIIB report

Bangladesh is "Vision 2021" road map, planning to join the middle-income countries, requires 24 billion U.S. dollars worth of investments in infrastructure per year, according to

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Many garment workers not getting new minimum wage: seminar

Readymade garment factory workers at a programme in Dhaka on Tuesday said they were yet to get the newly announce minimum wage in their units. They also complained that many of

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Banking sector woes threaten economic growth, stability: Policy Research Institute

Policy Research Institute, a local think tank, on Tuesday said that growing vulnerabilities including banking sector woes, slowdown in employment growth and low-skilled labour

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Bangladeshis in US pay highest remittance fee

Bangladeshi expatriates in the United States pay highest 5.3 per cent fees while Bangladeshi expatriates in Singapore pay lowest 2.61 per cent fees for sending remittance back

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US charges Huawei in technology theft, sanctions violations

The US Justice Department on Monday unveiled sweeping charges against Chinese telecommunications giant Huawei in two cases likely to ratchet up tensions between the two

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Bangladesh Bank team leaves for USA to file case over $81m theft

A delegation of Bangladesh Bank on Sunday left for the United States of America to file a lawsuit with a New York court over $81 million cyber heist from the BB’s reserve kept

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BRB eyes another SoE board buying 27pc Renwick shares

After securing four posts of director in the board of state-owned enterprise Eastern Cables, leading private sector cable manufacturer BRB Group has set eyes on another state-run

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75 countries launch WTO e-commerce talks

Ministers from 75 countries -- including the US and China -- agreed Friday to launch talks towards establishing global rules on e-commerce at the WTO in a rare victory for

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Farmers eye profit in peanut farming in Jhenidah

Compared to paddy, wheat or onion cultivation, groundnut farming brings double profit. Farmers on the border belt of Jhenidah, especially those from Moheshpur upazila, have shown

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Dhaka Stock Exchange members investing funds on stocks

The Dhaka Stock Exchange members who received their portions in the DSE’s strategic share sales proceeds have been investing their funds at the stock market that resulted in a

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Goldman warns as British MPs examine life after Brexit for banks

British lawmakers launched an inquiry on Friday to plot the best way forward for finance after Brexit as Goldman Sachs warned it could cut jobs if the United Kingdom crashes out

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BEPZA Mirsarai EZ to start offering plots to investors this year

The Mirsarai Economic Zone (EZ) of Bangladesh Export Processing Zones Authority (BEPZA) is likely to be ready for investors within the current year.

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NBR to launch door-to-door survey to net new taxpayers

National Board of Revenue is set to launch a door-to-door survey in major cities including Dhaka to find out new income taxpayers as part of its move to expand the tax net in the

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BB to unveil H2 monetary policy Jan 30

Bangladesh Bank is likely to announce monetary policy for the second half of the current fiscal year 2018-2019 on January 30 amid falling private sector credit growth. Expediting

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NBR tax receipt falls Tk 6,976cr short of target in Jul-Dec

Slow implementation of the annual development programme has taken a heavy toll on income tax collection by National Board of Revenue in the first half (July-December) of the

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Manufacturers embrace automation to reduce cost

Bangladesh is fast growing as a major apparel accessory-producing hub as manufacturers continue to make large investments in new machinery and technology which cut the production

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Legal notice served to inquiry into bank irregularities

A legal notice was served yesterday asking the authorities concerned to conduct an inquiry into irregularities in the banking sector of Bangladesh during the last 20 years.

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Farmers expect better wheat yield in Rangpur

Officials and experts of the Department of Agriculture Extension (DAE) are expecting a better wheat production despite a shortfall in the fixed farming target this season in

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Local firm making farm machinery

Alim Industries is expanding facilities to make farm machinery to meet the rising demand from growers in the face of gradual decline in farm workers, said the company. The move

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Shift to bilateral negotiations challenge for Bangladesh trade: UN

The next few years would be crucial for Bangladesh as it has to go for power-based bilateral negotiations with major trading partners as the country would be unable to rely on

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Govt, China ink deal to build power plant in Niphamari

The government is set to build a diesel-fired 150 MW power plant at Nilphamari’s Syedpur with Chinese assistance. To this end, Bangladesh Power Development Board (BPDB) has

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