Oil prices fell more than 4 percent to fresh 6-1/2-year lows on Monday after Chinese stock markets suffered their biggest one-day drop since the global financial crisis, intensifying worries over the outlook for global oil demand.Inaction by the Chinese government following an…
US oil prices headed for their eighth consecutive week of falls on Friday, the longest losing streak since 1986, after a sharp drop in Chinese manufacturing increased worries over the health of the world’s biggest energy consumer. Activity in China’s…
The government has yet again backed down on the December deadline for tannery industries in Hazaribagh to relocate to Savar’s under-construction Leather Industrial City.A taskforce comprising six ministers decided at a meeting on Wednesday to give them more time.
Commerce Minister Tofail Ahmed sees politics behind the US decision to deny Bangladesh products GSP, but US Ambassador in Dhaka Marcia Bernicat disagrees.After visiting a few readymade garment factories in Gazipur on Tuesday, Bernicat told reporters that ‘there was no…
US Ambassador in Dhaka Marcia Stephens Bloom Bernicat on Wednesday said the US will restore Generalised System of Preferences (GSP) for Bangladesh if it fully implements specific measures listed in the GSP Action Plan for it. She made the remark…
As indicated earlier in January this year’s review, Bangladesh has been excluded in the renewal of Generalized System of Preferences (GSP). On June 29, 2015, President Barack Obama signed into law a bill (H.R. 1295), that reauthorises the GSP through…
The United States has renewed its Generalised System of Preference (GSP) facility for 122 countries, but Bangladesh is not one of them.The office of the US Trade Representative (USTR) website says the facility is still suspended for Bangladesh and that…
The US will continue to engage with Bangladesh to strengthen the readymade garment (RMG) sector of Bangladesh by ensuring workers’ right and safety, according to American Ambassador Marcia Bernicat. “Together with you (BGMEA), the other international partners and the brands,…
Taiwan’s Foxconn, the world’s largest contract electronics manufacturer and a key supplier to Apple Inc, on Saturday signed a pact with India’s Maharashtra state to invest $5 billion over five years on a new electronics manufacturing facility.
Prices of vegetables have shot up in Chittagong due to the impact of cyclone ‘Komen’.Prices of fish and meat were however stable on Friday.
The prices of onion have skyrocketed by Tk 20 a kilogram in capital Dhaka.Businessmen blamed the abrupt hike on a spike in prices on low supply in India.
Asian shares were mostly higher on Wednesday on hopes that Beijing could stem the rout in its markets without damage to the economy, though caution was the watchword ahead of a policy decision from the US Federal Reserve. The CSI300…
The Information and Communication Technology (ICT) Division’s Additional Secretary Golam Fakhruddin Ahmed Chowdhury has been appointed Managing Director of Bangladesh Telecommunications Company Limited (BTCL). Public administration ministry issued a circular to this effect on Tuesday.Previously, he served in the Office…
The Bangladesh Bank aims to distribute Tk 164 billion as agriculture and rural credit in 2015-16 fiscal year (FY). Governor Atiur Rahman disclosed the plan on Monday while announcing the bank’s agriculture and rural credit policy.The target had been set…
The price of onions, a staple that has sparked protests in the past and toppled state governments, has jumped to its highest in nearly two years and could fuel food inflation as scant rain delays plantings.Persistently high food prices, mainly…
Prime Minister Sheikh Hasina on Wednesday asked foreign buyers to raise the prices of Bangladeshi garment products which will ultimately be spent on ensuring the further welfare of RMG workers. The Prime Minister made the request when Dutch Ambassador to…
Rock Ronald Rozario and Stephan Uttom For Abdur Razzak cows conjured up images of fortune. He knew that acting on such thoughts would be dangerous and even cost him his life. Illiterate and impoverished, this Muslim villager found no other…
Traders in various Dhaka markets have hiked meat prices ahead of upcoming Eid-ul-Fitr, allege consumers.Bangladesh Meat Traders’ Association says chicken and mutton sellers have increased prices without good reason.
Minister for Food Advocate Quamrul Islam yesterday questioned the authenticity of newspaper reports regarding the imported wheat from Brazil describing it to be rotten. “Actually the Brazilian wheat does not look beautiful but their quality is good,” he observed while…
Women police have been guarding renowned shopping malls and markets under Ramna Crime Division of Dhaka Metropolitan Police (DB) to ensure security of female shoppers from today (Monday). Sources at the DMP headquarters said female police has already started their…
Dhaka Stock Exchange (DSE) has seen a 3.7 percent rise in its broad index defying the slump over the last few weeks.The capital market last week showed signs of recovery following assurance from Securities and Exchange Commission to aid broker…
Political unrest in the first three months of the year hit Grameenphone’s business, the mobile-phone operator says.Chief Executive Rajeev Sethi released the company’s financial statement for January-March period at a press conference at The Westin on Monday.
Bangladesh has invited Thailand’s biggest energy firm to bid for exploration in the Bay of Bengal, to which the Forbes Global 500 firm has responded positively, an official statement in Dhaka said.
Mango growers and officials are expecting a bumper production of the most popular fruit in the region this year if climatic conditions remain favourable.
Executive Director of the Bangladesh German Chamber of Commerce and Industry (BGCCI) Daniel Seidl has said that corporate social responsibility requires “a responsible mindset at all levels”.
Oil rose more than 3 percent on Thursday, pushing Brent crude to a 2015 high above $63 per barrel on increasing evidence that US production is peaking, balancing a market that has been in heavy oversupply for more than a…
By Debasis Sarkar Mango hotspot Malda in West Bengal is expecting exceptionally high level of production this year. But the delight comes riding a major worry for post harvest stage as export option to Bangladesh, one of the largest consumption…
The central bank has warned five state-owned banks over their failure to make headway in prevention of money laundering and terror finance.
South Korea has shared its experiences on development of intellectual property with Bangladesh government.
Myanmar may supply enough onions to fill the demand-supply gap in Bangladesh, a top Myanmar official has said.