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Search date: 22-10-2022 Return to current date: Click here

Resource constraints hinder export diversification

Resource constraints, including shortage of capital, required policy support and failure to attract desired foreign direct investment (FDI) in the country's potential sectors, are the major obstacles in diversifying export baskets over the years, experts and economists said on Thursday.Moreover, absence of integrated trade and sector strategies and follow-on support...

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Sugar mkt volatile due to 'low output, import'

The country's sugar market has become volatile, as prices of the essential shot up to Tk 100-120 a kg, rising Tk 10-20 a kg in only four days, amid decline in refineries' output and dealers' supply, said grocers.Refiners said they had to cut production by two-thirds of the previous level...

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Preparation afoot to evict all 2,181 illegal occupiers from Karnaphuli river land: DC

CHATTOGRAM, Oct 21: After remaining suspended for over 2 and a half years, a joint eviction drive against illegal occupiers of Karnaphuli River lands will resume early December next, officials said. Names of 2,181 illegal occupiers, including organisations and individuals who erected unauthorised structures, constructed illegal buildings and set up...

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IMF team due on Oct 26

The IMF (International Monetary Fund) Staff will be visiting Bangladesh from October 26 to November 9, 2022 to discuss issues relating to economic and financial reforms and policies with the Bangladesh authorities.It was learnt that a proposed US$4.5 billion financing support from the Fund for Bangladesh would be high on...

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Now, Khulna launch workers embark on 48-hour strike

Khulna, Oct 21 (UNB): Not only transport owners, the launch workers in Khulna have also embarked on a 48-hour strike since Friday morning, demanding a hike in wages.Delwar Hossain, divisional organisational secretary of Bangladesh Launch Labour Association, said they called the strike to press home their ten-point demands, including wage...

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Amid nationwide gas shortages, new exploration work continues in Sylhet

Beanibazar, Oct 21 (UNB): Amid criticism that the government has not done enough to explore new gas sources in recent years Petrobangla has started exploration work at Beanibazar and its neighbouring Baralekha and Kanaighat upazilas under Sylhet Gas Field Ltd, officials say.Mizanur Rahman, Managing Director of Sylhet Gas Field, said...

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Bangladesh is one of the key Asian markets: edotco Group CEO

Edotco Group Director and Group Chief Executive Officer (CEO) Mohamed Adlan Ahmad Tajudin has said Bangladesh is one of the key markets for the regional and integrated telecommunications infrastructure services company, reports UNB."We also recognise our talent in Bangladesh and have established a Centre for Design Excellence here, serving as...

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Children are having fun

Children are having fun at the newly-inaugurated 'children corner' at Ramna Park in Dhaka on Friday evening — Focus Bangla

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US home sales slide for eighth consecutive month in Sept

WASHINGTON, Oct 21 (AFP) : Existing home sales in the US fell for an eighth straight month in September, industry data showed Thursday, as rising mortgage rates weighed on demand while analysts caution another slump is on the horizon.The drop comes as the Federal Reserve moved aggressively to cool surging...

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Elon Musk plans to cut 75pc of Twitter workforce

SAN FRANCISCO, Oct 21 (AP) : Elon Musk plans to lay off most of Twitter's workforce if and when he becomes owner of the social media company, according to a report Thursday by The Washington Post.Musk has told prospective investors in his Twitter purchase that he plans to cut nearly...

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Japan inflation at highest level since 2014

TOKYO, Oct 21 (AFP) : Japan's core consumer prices rose 3.0 percent in September on-year, the government said Friday, the highest level since 2014 as the falling yen and rising energy costs hit households hard.The data, which excludes volatile fresh food prices, brings inflation well above the Bank of Japan's...

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