Korea-Bangladesh Chamber signs deals with KOPA, KOIMA in Seoul

The Korea-Bangladesh Chamber of Commerce & Industry (KBCCI) signed deals with the Korea Packaging Association (KOPA) and the Korea Importers Association (KOIMA) in Seoul recently, according to a press release .A KBCCI delegation, led by Park Young-sik, ambassador of Korea to Bangladesh, v
19 September 2024, 15:48 PM

Onion imports resume thru Hili land port

Onion imports through Hili land port in Dinajpur resumed on Tuesday after being halted for four days due to a software glitch in Indian customs..The Indian customs had implemented an updated tariff regime at 4:45pm that day, reducing the export duty on onions from 40 percent to 20 percent.
18 September 2024, 18:30 PM

American trade platforms demand reforms to protect labour rights

The American Apparel & Footwear Association (AAFA) and Fair Labor Association (FLA) have urged the interim government of Bangladesh to take critical and long-lasting steps towards reforms for furthering worker rights of international standards. .The AAFA is an American trade association re
18 September 2024, 18:01 PM

Stocks rise after falling for two days

Bangladesh’s stock market rose yesterday on falling for two days as investors made fresh bets on lucrative blue-chip and large-cap shares to pocket short-term gains amidst price movements..A blue chip is a nationally or internationally recognised, well-established, and financially sound co
18 September 2024, 15:05 PM

Interim govt to hold first Ecnec meeting today

The interim government is set to hold the first meeting of the Executive Committee of the National Economic Council (Ecnec) today where proposals would likely be placed on five projects, including two new ones..Muhammad Yunus, chief advisor to the interim government and chairperson of Ecne
17 September 2024, 19:08 PM

FICCI, Bida to work together to attract foreign investment

The Bangladesh Investment Development Authority (BIDA) and the Foreign Investors Chamber of Commerce and Industry (FICCI) will work together to help attract foreign investment, according to a press release..Lutfe Siddiqui, the special envoy on international affairs to the chief adviser of
17 September 2024, 18:50 PM

Stock keep falling amid wait for earnings disclosures

Stock market indexes in Bangladesh extended its losing streak for the second consecutive day yesterday as cautious investors opted to wait for corporate earnings disclosures before making significant trades..The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went down by 30.1
17 September 2024, 18:00 PM

To strengthen business ties, Europe-Bangladesh chamber due in Dhaka Sept 20

A delegation of the Europe-Bangladesh Federation of Commerce and Industry (EBFCI), led by its president Wali Tasar Uddin, will be visiting Bangladesh for eight days with the vision of “Developing a New Era of Partnership between the UK, EU and Bangladesh” from September 20 to October 5..Th
17 September 2024, 11:30 AM

Dhaka’s importers still facing long waits to get goods from Ctg port

It has been nearly a month that an automobile dealer has been waiting for a container loaded with reconditioned parts to reach the inland container depot (ICD) at Kamalapur, Dhaka from the Chattogram port over railway..The parts, imported by M/s Partsco Automobiles of Munshiganj’s Sirajdik
15 September 2024, 15:37 PM

Onion turns Tk 5 cheaper here as India relaxes export rules

Prices of Indian onion are dropping in Bangladesh, as the neighbouring country on Friday withdrew the restriction of “minimum export price” at $550 per tonne and slashed export duty to 20 percent from 40 percent.
14 September 2024, 18:43 PM

Stocks end week with mixed performance

The share market in Bangladesh ended the week with a mixed performance as the Dhaka Stock Exchange (DSE) extended its gaining streak while the Chittagong Stock Exchange (CSE) witnessed a downward trend yesterday..However, investors and industry people voiced optimism about the return of go
12 September 2024, 18:00 PM

39 brands honoured for sustainability efforts

Some 39 sustainable brand initiatives were awarded in the 2nd SDG Brand Champion Awards 2024, organised by AkijBashir Group in association with Intellier and The Daily Star, at the Le Méridien Dhaka on Tuesday.
11 September 2024, 14:37 PM

More R&D needed to boost sustainable production: experts

Sustainability has become a mainstream issue for businesses across the globe, so Bangladesh should also invest in researching and developing innovative technology to help local companies embrace it in their core strategies, according to analysts.
10 September 2024, 18:30 PM

Import fertilisers, petrochemicals from Egypt

Egypt wants Bangladesh to import petrochemicals and fertilisers from the Northeast African country, said Omar Mohie Eldin Ahmed Fahmy, ambassador of Egypt to Bangladesh.
10 September 2024, 14:30 PM

Chinese firm to invest $50m in Bepza EZ

China-based Home Joy Socks Bangladesh Company Limited signed an agreement with Bangladesh Export Processing Zones Authority (Bepza) recently to set up a sock and garment manufacturing factory in Bepza Economic Zone with an investment of $50 million.
10 September 2024, 13:45 PM

Edible oil prices rise on global hike: traders

Loose and bottled soybean oil have become costlier in Bangladesh due to price hikes in the global market amid a supply shortage of the key cooking ingredient, according to traders.
9 September 2024, 18:00 PM

YiXin Bangladesh to invest $7.45m in Bepza EZ

YiXin Bangladesh, a Chinese company in Bangladesh, will set up a footwear accessories manufacturing factory in the Bepza Economic Zone with an investment of $7.45 million..The company has set a target to annually produce 10 million pairs of footwear materials. The investment will create em
8 September 2024, 11:36 AM

No limit on cash withdrawals from tomorrow

Bangladesh Bank (BB) has lifted a limit on cash withdrawals from banks in view of overall improvements in law and order.
7 September 2024, 15:21 PM

Bangladesh, Vietnam overtake India in low-cost manufacturing: WB

India’s share in global trade has not kept up with its fast-growing economy, as Vietnam and Bangladesh have surpassed the country as low-cost manufacturing and export hubs, according to a recent report of World Bank (WB)..Despite India’s rapid economic growth, the proportion of trade in go
7 September 2024, 14:50 PM

Market monitoring should protect consumers, producers alike

The interests of both consumers and producers of goods, including essential food commodities, need to be kept in mind during market monitoring, said Salehuddin Ahmed, finance and commerce adviser to the interim government, yesterday..While there will be regular market monitoring to prevent
7 September 2024, 14:25 PM