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…
Category: Trade
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”…
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…
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…
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…
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…
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…
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…
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…
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…
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.…
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…
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.…
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…
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.…
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…
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…
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…
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,…
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…
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…
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…
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…
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…
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…
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,…
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…
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…
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…
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…