The amount is more than twice the orders received in last year’s fair, which was somewhat paralysed by the BNP-led alliance’s violent protests.Commerce Minister Tofail Ahmed revealed the information at the closing ceremony on Sunday.Last year, Bangladeshi businesses received orders…
Canadian top coffee maker Second Cup has begun its journey in Bangladesh’s “growing” coffee market.The global brand opened an outlet at Banani in the capital Dhaka on Monday, announcing they will open more such outlets in Uttara, Gulshan, and Dhanmondi.Canadian…
Investors do not have confidence in the capital market since the market crash five years ago, in 2010. It is still a loss of capital market, with no dividends on investments in large and small companies. As a result, there…
Iran’s intention to significantly increase oil output after the lifting of international sanctions risks more pressure on crude prices already at 12-year lows, according to analysts.Oil prices tumbled by more than 30 per cent last year and have slumped by…
Dhaka – A number of foreign buyers of ready made garments (RMG) are exploiting the Bangladeshi suppliers through buying products from them and then later terming them as ‘non-compliant’, a research report of Transparency International Bangladesh (TIB) saidon Thursday. TIB,…
Iraq has extended a ban on imports of frozen and live poultry products to cover two dozen countries, including Bangladesh and China, the government said on Sunday.Baghdad last month restricted poultry imports from France, where an outbreak of avian flu…
When the World Trade Organization (WTO) met in Seattle, Washington in 1999, the Africa paper[1] carefully prepared by the Kenya representatives to the WTO in Geneva had set the stage for the rejection of the strict intellectual property rights which…
Oil prices tumbled to $32.62 a barrel on Thursday as a result of rising US energy stockpiles and China’s weakening currency. Brent crude fell 4.7% while US West Texas Intermediate was down 3.9%. For US oil, that was its lowest…
The Taka-dollar exchange rates have come down as the Bangladesh Bank has started to buy the greenback from the local currency market.Over the last one month, the rate for one US dollar has dropped by Tk 0.45.On Monday, the central…
Nairobi/New Delhi (D. Ravi Kanth) — The Nairobi “deliverable” on export competition on Saturday (December 19) provided a major victory for the United States, which secured the green signal to continue with its current trade-distorting agri-export programs with export credits,…
Nairobi (D. Ravi Kanth) — The World Trade Organization’s tenth ministerial conference, scheduled to ended December 18 went down to the wire because of the intransigent positions adopted by the United States. The US is refusing to allow any mention…
India has cut the minimum export price of onions to $400 per tonne, reports NDTV.”On Onion — decision taken today to reduce the Minimum Export Price (MEP) of onions from USD 700 tonne to USD 400 a tonne,” Indian Commerce…
Export and import through Akhaurha Land Port has been suspended in view of counting of ballots for Agartala Nagar Nigam [municipality] elections.People, however, can use the port as usual for crossing the border.Md Hasibul Hassan, adviser of Akhaurha Land Port…
Some 150 new entrepreneurs will get down to business after receiving entrepreneurship training by the International Labour Organisation (ILO) in collaboration with the Bangladesh Employers Federation (BEF).The group received certificates at a ceremony held at the BEF in the city…
A three-day “Bangladesh Capital Market Expo 2015″ began at the Institute of Diploma Engineers Bangladesh (IDEB) in the city today.Arthosuchak, an online business news portal, organized the exhibition aiming to create awareness among the prospective investors and branding the country’s…
The European Union has granted Bangladesh €8 million to help the country’s most vulnerable communities build resilience to climate change and related disasters.The grants will be routed through the Global Climate Change Alliance+ Flagship Initiative (GCCA+).Starting early 2016, a new…
IBON International Statement on the 10th WTO Ministerial Conference (MC10) Twenty years since its establishment, the World Trade Organization (WTO) remains one of the most important mechanisms used by the global monopoly capital to advance neoliberal trade and concentrate wealth…
Bangladesh needs the help of friendly countries like China to graduate to a middle-income and developed country, Prime Minister Sheikh Hasina has said.She solicited Beijing’s support at a meeting with Vice Minister, International Department of Chinese Communist Party (CPC), Chen…
UK Minister of State for Trade and Investment Francis Maude has said Britain is keen to invest in Bangladesh. He intends to send a business delegation to Dhaka early next year.He disclosed his intention when Foreign Minister Abul Hassan Mahmood…
Dhaka has agreed to ensure bank guarantee on each consignment of transit cargo going from mainland India to its north-eastern states through Bangladesh.The decision was taken at the shipping-secretary-level talks in New Delhi on Tuesday.“As a gesture of goodwill and…
Shipping secretaries of India and Bangladesh meet on Monday with both countries having signed the Standard Operating Procedure (SOP) to set in motion an ‘Agreement on Coastal Shipping’.Senior officials of India’s ministry of shipping and Bangladesh’s shipping department signed the…
A delegation of Nepal Oil Corporation (NOC) has left Kathmandu for Bangladesh on Saturday to carryout study on feasibility for importing petroleum products, reports Kathmandu Post.The NOC, which has been searching different alternatives due to fuel crisis in Nepal following…
The pre-launch dinner for ‘2nd UK-Bangladesh e-Commerce Fair 2015’ has been held in London’s The Crystal.The two-day fair will begin at The Waterlily Venues on Friday.’Digital Bangladesh: A World of Opportunities’ is the theme of this year’s event that aims…
Traders have reduced gold prices by Tk 1,225 per bhori (11.664 gram), less than a month after they were raised.Bangladesh Jewellers Samity (BAJUS) said the revised rates would be effective from Monday.Gold prices have been fluctuating for about two years.On…
London (Sangeeta Shashikant) – The United States and the Least Developed Countries (LDCs) at the World Trade Organization have reached agreement ad referendum on a pharmaceutical patent exemption for a duration of 17 years, according to trade diplomats. With this…
The two-day second ‘UK-Bangladesh e-Commerce Fair 2015’ is beginning at London’s Waterlily Venue on Nov 13.‘Digital Bangladesh: A World of Opportunities’ is the theme of this year’s event that aims to bring together the “entire e-commerce services and stakeholders” from…
London (Sangeeta Shashikant) – The United States’ offer to least developed countries of a 10-year transition period to grant pharmaceutical patents is “unconscionable and indefensible”, according to six influential US non-governmental organisations (NGOs). In a letter dated 19 October to…
The export of internet bandwidth to India has been delayed because cable connection was not set up across the border, State Minister for Post and Telecommunications Tarana Halim says.Bangladesh would start selling bandwidth in November, she said on Tuesday.She was…
Observing that Bangladesh’s economy is stable but not ‘certain’, the World Bank on Tuesday forecast the country will post a 6.5 percent GDP growth in the current fiscal year.
Bangladesh, which is one of the largest importers of cotton from Uzbekistan, has taken part in the 11th cotton and textile fair in Tashkent to improve the trade ties.Dhaka’s mission in the Uzbek capital on Friday said Ambassador Mosud Mannan…