The Bangladesh Bank today said no money changer in the country will be allowed to keep over Tk 50 lakh in their vault a day.

Bangladesh firm JMI Export Import Company Ltd has won a government contract to import 12,500 tonnes of sugar worth Tk 65.98 crore from Brazil and supply it to the Trading Corporation of Bangladesh.

Western Marine Shipyard Limited posted losses in the financial year that ended on June 30.

The external factors are not only responsible for Bangladesh’s present economic volatility, rather there are some issues which remained unattended for a long time such as low revenue collection, absence of quality public expenditure and the non-performing loans, said noted economist Debapriya Bhattacharya today.

RFL Group today launched Rainbow Spray Paint to grab a pie of the Tk 600 crore local market and cut the country’s import dependency for the product.

Bangladesh plans to start commercial export of mangoes to Japan and European countries from 2023, Agriculture Minister Muhammad Abdur Razzaque said today.

There is nothing to fear about foreign investments in Bangladesh’s ports as the government is determined to serve the country’s interest first before accepting any new investment, State Minister for Shipping Khalid Mahmud Chowdhury said today.

The Gubrakura-Karaitali land port in Haluaghat upazila of Mymensingh could go into full-fledged operation next month as the construction of all necessary infrastructure was completed last month, according to officials.

Capital dredging at Payra port began today just after the inauguration of the project by Prime Minister Sheikh Hasina, said Rear Admiral Mohammad Sohail, chairman of the Payra Port Authority.

Daily essential commodity and raw material importers have called for proper management in the ports to bring an end to the harassment of the customs and shipping agents.

The government should rationalise the existing tariff structure, as Bangladesh will face a few challenges in case of giving subsidies after its graduation to a developing nation, said Rizwan Rahman, president of Dhaka Chamber of Commerce and Industry (DCCI).

The bilateral trade between Bangladesh and Vietnam hit $739.89 million in fiscal year 2020-21 and it could be enhanced to $2 billion through mutual cooperation, exchange of business delegation and joint research.

Bangladesh should ratify the Hong Kong Convention, as the declaration will help the south Asian country become the leader in the ship recycling industry, Norwegian Ambassador Espen Rikter-Svendsen said today.

Shipping agents are facing difficulties in submitting the registration number and import general manifest (IGM) against their vessels due to a glitch in the related server of the National Board of Revenue (NBR), leading to delays in import-export activities.

Import and export of containerised cargo through the country’s premier seaport in Chattogram fell in the first quarter of the current fiscal year compared to that last year, indicating a slowdown in foreign trade resulting from global economic downtrends. 

Veon has achieved double-digit growth in Bangladesh and the parent company of Banglalink is now investing heavily in its network in key regions, including Chattogram, to maintain the growth, Veon Group CEO Kaan Terzioglu said today.

Last month, Bangladesh’s export earnings fell to a 13-month low of $3.9 billion. Why?

The Chattogram port must fast-track the unloading of goods, install modern equipment, and improve service quality in order to cut congestion and facilitate Bangladesh’s fast-expanding global trade, speakers said today.

Rubana Huq, former president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), has been honoured with the Human Right Award by CNMI Sustainable Fashion Awards 2022 on the occasion of Milan Fashion Week.

The Metropolitan Chamber of Commerce and Industry (MCCI) yesterday said businesses require longer than 11 days found by the National Board of Revenue (NBR) in a recent study to release goods from the Chattogram port.