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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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.
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 […]
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 […]
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 […]
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 […]
Russian grain exports are projected to reach 65 million metric tons in the current 2023/24 season, compared to 60 million tons in the last marketing season. The Russian Federation does not publish official export statistics. IKAR analysts estimate wheat exports this season at around 52 million tonnes and SovEcon at 48.6 million tonnes. “So far, […]
Considering the circumstances, CPD has advised to set three main objectives in preparing the next budget. First, to restore macroeconomic stability and protect disadvantaged populations; Secondly, to take initiative to increase revenue collection so that dependence on banks is reduced and it becomes possible to meet necessary expenditure from revenue income; And third, to prioritize […]
Bangladesh is the third largest exporter after China and Vietnam. China exported finished garments worth $1.41 billion in January 2024 – down 2 percent from the same period last year. Exports from Vietnam fell 4.76 percent to $1.20 billion. After Bangladesh, India and Indonesia come next. India exported $350 million worth of RMG products to […]