The price of oil fell below $95 per barrel Friday after new signs of a choppy economic recovery in the U.S.
Tag: trade
After Bangladesh, seeking new sources
Bennett Model helped pioneer the exporting of garments from China in 1975, the year before Mao Zedong died, and ever since, his New York fashion company has searched for other countries, from Guatemala to Vietnam to Indonesia, capable of supplying…
South-western gas pipeline work unlikely before January
Installation of 864-kilometre gas distribution pipeline in the country’s south-western region is unlikely to start before January next year as the “Southwest Region Gas Distribution Network Project” has been facing delay in the approval process.
5th Meditex B’desh 2013 Expo begins
A three-day exposition of medical equipment and pharmaceuticals began here on Thursday.
Mobile court sealss 7 private clinics in Jhenidah
A mobile court had sealed seven private clinics in Hariankundu uapzila town in Jhenidah on Tuesday for irregularities.
BD begs EU not to axe trade deal after disaster
It fears that the European Union will tear up agreements which give preferential access to Bangladeshi garments in order to pressure Dhaka to improve safety standards.
Move to extend deal with Qatar to import LNG
The Energy Ministry has initiated a move to extend the tenure of a deal with Qatar to import liquefied natural gas (LNG) as although was no progress to create import facilities in the last two years since the deal was…
Mahbubur Rahman to lead Dhaka in Doha Congress
ICC Bangladesh president Mahbubur Rahman will lead an 18-member Bangladesh delegation to the ICC-WCF (World Chambers Federation) and 8th World Chambers Congress (WCC) to be held at Qatar National Convention Centre in Doha.
Bangladesh pavilion a hit at trade fair in India
The 10-day long India International Mega Trade and Industry Fair opened on Tuesday and the Bangladesh pavilion is already popular with all.
No progress in import of Myanmar electricity
Despite Bangladesh’s effort to import electricity from neighbouring Myanmar, there is no virtual progress in this regard in last two years.
India may export 50 coaches to Bangladesh
The Indian Rail Coach Factory (RCF) may soon export 50 AC broad-gauge coaches to Bangladesh early next year.
Amid investigation, coal exports at record levels
From the time coal is scooped from the depths of the Spring Creek strip mine in Montana’s wide-open Powder River Basin until it travels more than 6,000 miles across the Pacific Ocean to power plants in South Korea, the price…
Tea export may face setback after 3 yrs
Country’s tea export may face a severe setback after three years if necessary steps are not immediately taken for increasing its production.
‘Telenor will invest in the 3G mobile’
Telenor will invest in the 3G mobile facility in Bangladesh through Grameenphone, the visiting Norwegian Trade and Industry Minister Trond Giske has said.
Hartal cost RMG sectors Tk 250cr so far
Voicing deep concern at the fresh spell of countrywide shutdown calls, apparel sector’s trade bodies — BGMEA and BKMEA — on Sunday said the exporters had to count additional losses of around Tk 250 crore because of air shipments due…
Tri-nation connectivity dialogue looms
Dhaka is going to host a ‘brainstorming’ dialogue among Bangladesh, India and Bhutan this month to move forward the sub-regional connectivity and hydro power issues with Bhutan and Nepal via India.
B’desh ensures $1bn RMG export to Canada
Bangladesh’s extensive diplomatic efforts and constant lobbying have helped ensure the export of one billion dollar readymade garments (RMG) export to Canada, and paved the smooth way for future export, said an official release on Thursday.
GSP “crucial” for Bangladesh: Mozena
GSP facility is crucial for Bangladesh to benefit from the ongoing World Trade Organisation (WTO) negotiations for duty-free access of products from Least Developed Countries (LDC), US ambassdor Dan Mozena has said.
BTRC to issue VoIP licence to 844 cos
The Bangladesh Telecommunication Regulatory Commission (BTRC) will begin issuance of VoIP (Voice over Internet Protocol) licences from March 25 legalising the business, according to informed sources.
Walmart ‘to reduce reliance on Bangladesh’
Wal-Mart Stores (WMT), the world’s biggest retailer, could move some of its apparel manufacturing out of Bangladesh, according to a report published in Women’s Wear Daily.
Dhaka accounts for Delhi’s 84 pc arecanut imports
India’s arecanut imports from Bangladesh constituted 84 percent of the total imports during the first nine months of 2012-13.
Oil falls below $92 a barrel on weak China data
The price of oil fell below $92 per barrel Tuesday as traders absorbed the impact of choppy economic data from China and stock markets showed signs of fatigue after big gains.
Oman keen to invest in BD energy sector
Oman Observer reported that since the Royal Decree of His Majesty the Sultan to establish Oman’s full fledged embassy in Bangladesh last September, the two countries have seen a flurry of activity as they have started gearing up to take…
Petrol-pump owners call off strike
Petrol-pump and tank-lorry owners-workers called off their indefinite strike on Monday evening.
BD Embassy continues its efforts for retaining US-GSP
As part of the Embassy’s efforts to retain US-GSP, Ambassador Akramul Qader held two separate meetings with Congresswomen Betty McCollum and Congressman Adams Schiff on Tuesday, said a press release.
Nike signs mega deal with McIlroy
World number one golfer Rory McIlroy has signed a multi-year sponsorship agreement with Nike as the US sportswear company moves on after dropping disgraced cyclist Lance Armstrong last year.
Petrol pump owners threaten strike
Convener of Bangladesh Petrol Pump Owners and Tank-Lorry Owners-Workers Unity Council Nazmul Haque said they had earlier asked the government to raise the rates of their commission by Jan 6 — by 3.4 percent on diesel and 4 percent on…
US urged rethink on GSP for RMG
bdnews24.com Twelve US Congressmen, including Bangladesh Caucus founder and Chairman Joseph Crowley, expressed concern over diminishing labour rights in Bangladesh following death of 111 workers of the Tazreen Fashions Limited in one of the worst factory fires in recent times.…
High US tariff blamed for poor garment safety
Agency An opinion article in the New York Times has blamed the poor safety conditions in Bangladesh garment factories to high American import duties that forces contractors to “scrimp on labour standards to stay competitive”.