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    Tag: export

    Colombia halts coal sales to Israel in protest against Gaza war
    Featured

    Colombia halts coal sales to Israel in protest against Gaza war

    Petro, Colombia's first leftist president and a fierce critic of Israeli Prime Minister Benjamin Netanyahu, said on X on Saturday that coal exports to Israel would remain suspended “until the genocide stops.” A government order specified that these restrictions would continue “until the provisional measures order issued by the International Court of Justice (ICJ) are […]

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    By Abdullahil Kafi
    June 9, 2024June 9, 2024
    Budget 2024-25: Wishlist long, plans falling short
    Featured

    Budget 2024-25: Wishlist long, plans falling short

    The budget is not about speeches. It is a statement on medium-term macroeconomic policy. This statement is one of the many documents related to the budget. It mentions various challenges faced by the economy, such as a strict monetary and expenditure contractionary policy is being followed, in the hope that this will reduce inflation in […]

    author
    By Abdullahil Kafi
    June 7, 2024June 7, 2024
    OPEC+ extends oil cuts until third quarter, discusses 2025, say sources
    Featured

    OPEC+ extends oil cuts until third quarter, discusses 2025, say sources

    Countries that have made voluntary cuts that exceed those agreed with the broader group are Algeria, Iraq, Kazakhstan, Kuwait, Oman, Russia, Saudi Arabia and the United Arab Emirates. The group will have a series of online and in-person meetings on Sunday, starting with an OPEC ministers-only meeting at around 0930 GMT. OPEC+ sources said several […]

    author
    By Abdullahil Kafi
    June 2, 2024June 2, 2024
    Traders distressed by customs harassment in export-import trade
    Featured

    Traders distressed by customs harassment in export-import trade

    It was mentioned in the master LC, back-to-back LCs and usage declaration (UD) that a discrepancy of 3 per cent in the goods is acceptable, but the customs officials disregarded this provision. They said that even if the excess goods are 2,600 kg, there should be no problem. According to traders, such incidents of harassment […]

    author
    By Abdullahil Kafi
    May 29, 2024May 29, 2024
    Bangladesh economic crisis: Impact of dollar crisis and banking sector troubles
    Featured

    Bangladesh economic crisis: Impact of dollar crisis and banking sector troubles

    Most economic indicators – inflation, dollar crisis, foreign exchange reserves – have worsened, resulting in increasing pressure on the overall economy. The cost of doing business has increased due to the increase in interest rates by Bangladesh Bank. The banking sector has become weak as money is being taken from banks in real and fake […]

    author
    By Abdullahil Kafi
    May 27, 2024May 27, 2024
    Bangladesh Bank's new initiative to encourage timely repatriation of export earnings
    Featured

    Bangladesh Bank's new initiative to encourage timely repatriation of export earnings

    The regulatory body announced this decision by issuing a notification in this regard on Monday. As a result, if one now brings his old income back to the country, he will receive payment at the current dollar exchange rate of Tk 117.5. Although Bangladesh Bank has taken several initiatives to bring export earnings to the […]

    author
    By Abdullahil Kafi
    May 21, 2024May 21, 2024
    New Zealand investigating contamination in Indian spice brands MDH and Everest
    Featured

    New Zealand investigating contamination in Indian spice brands MDH and Everest

    In a statement to Reuters, the regulator, New Zealand Food Safety, said it was aware of the overseas recall. “Ethylene oxide is a chemical that causes cancer in humans, and its use to disinfect food has been discontinued in New Zealand and other countries. Since MDH and Everest Spices are also available in New Zealand, […]

    author
    By Abdullahil Kafi
    May 15, 2024May 15, 2024
    India lifts ban on onion exports, sets minimum export price at $550/tonne
    Featured

    India lifts ban on onion exports, sets minimum export price at $550/tonne

    Nearly five months after the export ban, on February 26, India decided to exempt Bangladesh as well as five other countries from the export ban on onions up to a certain quantity. Last month, the export ban on onions was extended till further orders.

    author
    By Abdullahil Kafi
    May 4, 2024May 4, 2024
    Exports could fall by 14 percent after LDCs graduate: ADB
    Featured

    Exports could fall by 14 percent after LDCs graduate: ADB

    Additionally, various items may be put back in the negative list for which India does not give any preference, even under the South Asian Free Trade Agreement. The report said post-graduation market access provisions have not yet been settled in the EU as it prepares its new Generalized System of Preferences (GSP) arrangement. However, under […]

    author
    By Abdullahil Kafi
    April 30, 2024April 30, 2024
    Qatar Emir's visit: Benefits and future prospects for Bangladesh  Analysis
    Featured

    Qatar Emir's visit: Benefits and future prospects for Bangladesh Analysis

    Foreign Secretary Masoud bin Momen told Prothom Alo that the Emir of Qatar himself said that he was surprised to see Bangladesh in his eyes. At one stage of the meeting he expressed his surprise at the development activities in Bangladesh and said, “Seeing is believing.” This shows that there has been a qualitative change […]

    author
    By Abdullahil Kafi
    April 25, 2024April 25, 2024
    Decline in Bangladeshi product exports to India: 17% decline in financial year 2023-24
    Featured

    Decline in Bangladeshi product exports to India: 17% decline in financial year 2023-24

    However, imports of goods from various countries into India have decreased. India has imported products worth US$ 560 billion in the first ten months of its current financial year, compared to US$ 601.47 billion at the same time in the last financial year. According to India's Ministry of Commerce and Industry, their imports have declined […]

    author
    By Abdullahil Kafi
    March 29, 2024March 29, 2024
    India imposes indefinite ban on onion exports ahead of general elections
    Featured

    India imposes indefinite ban on onion exports ahead of general elections

    However, the government issued an order late on Friday night that the ban will continue until further notice. “Given the falling prices coupled with the increasing supply of the new season crop, the expansion is surprising and completely unnecessary,” an official at a Mumbai-based export firm said on condition of anonymity. Onion prices in some […]

    author
    By Abdullahil Kafi
    March 23, 2024March 23, 2024

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