March 29, 2024
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  • Rat-cat game over strong branded rod prices

    Construction works of pvt and govt sectors hit hard Golam Mostafa Jibon: A rat and cat game is going on in the rod market of the country as a syndicate has increased the prices of all strong branded rods with a view to create an anarchy in the market that…

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  • Bangladesh RMG sees highest growth in EU

    Industry Desk: Bangladesh’s readymade garment (RMG) exports to the European Union (EU) has reached a stunning milestone – as in January-August 2022, the country’s largest apparel export destination witnessed a 45.26% year-on-year growth in the EU – surpassing the leading apparel exporter China’s apparel growth in the period.As per the…

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  • ADB to invest $2b in BD edu sector

    Diplomatic Correspondent: Asian Development Bank (ADB) President Masatsugu Asakawa has told Education Minister Dr. Dipu Moni that ADB will invest 2 billion dollars in the next 3 years in Bangladesh’s education sector.Dr. Dipu Moni held a meeting with Masatsugu Asakawa on friday at the ADB office. During the meeting, the…

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  • Indian mills default on sugar export deals

    Industry Desk: Indian sugar mills have been renegotiating and defaulting on contracts to supply 400,000 tonnes of the sweetener to overseas buyers as prices jumped after the government cut this year’s export quota, five dealers told.The renegotiations and defaults by mills in India, the world’s second biggest sugar exporter, could…

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  • Developing countries burdened with debt: WB

    Industry Desk: Developing countries are facing an economic crisis, heavy debt burdens, high inflation, and climate change. It is a crisis facing development itself, said World Bank President David Malpass.He said this while participating in the 27th climate conference organized by the United Nations in the Egyptian city of Sharm-al-Sheikh…

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  • WTO urges countries to lift green trade barriers

    International Desk: The World Trade Organization yesterday urged countries to abolish trade barriers in environmental goods and services in order to help fight climate change.In its annual World Trade Report, the WTO says international commerce should not be pitted against combating the climate crisis.The report comes as global leaders gather…

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  • BOESL to set record by sending 4,941 manpower to S Korea

    Staff Correspondent: Bangladesh Overseas Employment and Services Ltd (BOESL) is going to set a record by sending 4,941 workers to South Korea by this year through the Employment Permit System (EPS).Due to the COVID-19 pandemic, the South Korean government suspended admitting foreign EPS workers from March 2020 to November 2021.After…

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  • Wheat to be imported from Canada: Tipu

    Staff Correspondent: Commerce Minister Tipu Munshi has said traders have started importing wheat from Canada and other countries after closure of Ukraine-Russia market due to the ongoing war. While briefing reporters, he said the wheat issue was raised at the fourth meeting of the task force on reviewing commodity prices…

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  • BD, Vietnam eye $2 b trade in 2023

    Staff Correspondent: Vietnamese Ambassador to Bangladesh Pham Viet Chien has expressed optimism that the bilateral trade between the two countries will reach $2 billion mark in 2023 when the two countries will celebrate 50 years of diplomatic relations.In the first nine months of 2022 calendar year, the bilateral trade turnover…

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  • Ban cryptocurrency growing fast in BD

    Golam Mostafa Jibon: Despite the ban, the use of Cryptocurrencies is increasing day by day in different crime related money transactions in the country causing concern to the elite persons.Experts said, although, the country’s laws prohibit the use of virtual currencies, money transactions related to crimes through Cryptocurrencies are on…

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