The supply of sugar in the market was ensured despite the raw material being ‘controlled’ in the last few months. But the import of sugar decreased significantly in December as compared to October-November. According to Bangladesh Bank, the import of raw sugar was around 164,000 tonnes in October, while only 69,000 tonnes were imported in […]
In addition, the agriculture minister sought India’s cooperation in various areas, including training scientists, developing seed technology, supply of high-yielding varieties and seedlings of cashew and coffee, as well as agro-processing and nanotechnology and biotechnology. Huh. He also sought cooperation in combating terrorism, communalism, drugs and human trafficking. Agriculture Secretary Wahida Akhtar and Additional Secretary […]
Referring to Bangladesh’s good geographical position, he said, “We can communicate with East, West, North and South.” Taking this opportunity, “we can produce, trade, export our products and develop our service areas and bring in tourists. Huge opportunities lie ahead of us,” she said. “Really we want to build our country,” she said. Sheikh Hasina, […]
Textiles and Jute Minister Ghulam Dastgir Ghazi, Senior Commerce Secretary Tapan Kanti Ghosh and Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Mohammad Jashim Uddin also spoke. A documentary on the export activities of the country was screened. At the ceremony, a commemorative book ‘Ami Tomaderi Lok’ (I am your man) on Father […]
The decree, which includes a clause that allows Putin to waive the ban in special cases, said: “It … comes into force on February 1, 2023 and remains in force until July 1, 2023.” Crude oil exports will be banned from February 1, but the date for the ban on oil products will be set […]
India’s foreign ministry said the country is ready to help China, one of the largest manufacturers of generic drugs in the world. “We are monitoring the COVID situation in China,” MEA spokesperson Arindam Bagchi told a regular news briefing. “We have always helped other countries as the pharmacy of the world.” According to the latest […]
Argentine President Alberto Fernandez thanked Prime Minister Sheikh Hasina and the people of Bangladesh for the people’s support of the Argentine football team and the Prime Minister’s congratulations after the team won the World Cup. Alberto Fernandez also announced the opening of an Argentine embassy in Dhaka in 2023, marking 50 years of diplomatic relations […]
Business houses will now be able to import eight essential items on deferred payment basis as the central bank has announced such facilities with an aim to ensure smooth supply of these items during the upcoming holy month of Ramzan, reports BSS. These commodities are edible oil, gram, pulses, peas, onions, spices, sugar and dates.
However, multiple sources in BGMEA have confirmed two incidents of theft in 2019. The next year it increased to nine. There have been 22 such incidents in the first seven months of last year. At the same time, 20-25 thefts have taken place so far in the current year. This indicates an increase in the […]
Although China has taken a more involved role in global politics in recent years, its relationship with Saudi Arabia is strongly tied to trade. In addition to oil sales, Saudi and Chinese state companies have joint ventures in refining and petrochemicals, and Riyadh is seeking foreign investment to help diversify its economy into manufacturing, including […]
Pakistan has been unable to procure LNG from the international market as spot prices are out of its range and shipments under long-term deals are insufficient to match rising demand. With local gas reserves dwindling, the country has begun rationing supplies to residential and commercial consumers. Local media have also reported that oil is in […]
According to BCG, Bangladesh is reaping a host of economic benefits from its large consumer base, young population, high degree of economic stability, resilience of people, advances in digital methods and rapid expansion of the private sector. The private sector will be the main driving force of the country’s future journey. Emerging champions are rising […]
“Prices are rising, especially on strong demand from Bulog, Indonesia’s food procurement agency,” said a trader in Ho Chi Minh City. “The rise in Vietnam prices may have prompted the Cuban buyer to switch to buying cheaper grains from India,” the trader said. A ship loading 28,000 tonnes at Kakinada port in the southern Indian […]
If a company fails to export the goods, the liability for the goods imported by using a back-to-back LC falls on the bank. The bank then creates an extortionate loan against the customer. The dues of Sharp Niting and Blithe Fashions are Taka 165.72 billion The companies availed back-to-back LCs from SIBL’s Head Office at […]
Ukrainian President Volodymyr Zelensky hosted a summit in Kyiv on Saturday with allies to launch a plan to export $150 million worth of grain to countries most vulnerable to famine and drought. The “Grains from Ukraine” initiative, he said, demonstrated that global food security was “not just empty words” for Kyiv. The Kremlin says food […]