Weak ruble weighs on shrimp exports to Russia

Only three consignments of frozen food went to the Russian market since October when ruble has devalued against dollar, negatively impacting on Bangladesh exports, officials said. In November, only two consignments, valued at around US$ 310,000, found their way into...

Handicraft policy places stress on promotional campaign

The government is likely to intensify marketing efforts to boost export of craft products after it finalises the draft handicraft policy. Under the initiative, all the commercial missions of Bangladesh abroad will display the country's handicraft products for marketing in...

News Briefs

BCPA gets new body SIHM Musfiqur Rahman of Haychem (Bangladesh) Limited and  Md Moazzem Hossain Palash of Assign Crop Care Limited, have been elected  as chairman and secretary general of Bangladesh Crop Protection Association (BCPA) at its 35th annual general...

Photo: Meghna Bank Limited

Focus on netting NRB tourists

The government readies a recipe to celebrate a tourism carnival with an estimated big budget but insufficient preparation for expansion of the industry, causing experts to air doubt about the desired dividends.   Some of them even presume that much of...

USAID undertakes 3-yr prog for empowerment of RMG workers

The US Agency for International Development (USAID) has declared a three-year programme for worker empowerment in Bangladesh's readymade garment sector that caters for western users. Promoting labour rights, right to organise union and women's empowerment in the export industry are...

AEC to submit feasibility study on floating LNG terminal in May

The Singapore-based Astra Oil and Excelerate Energy Consortium (AEC) would submit its 'met ocean study' report within the next 15 days for establishing a Floating Storage Re-gasification Unit (FSRU) at Moheshkhali area of the Bay of Bengal, reports BSS. "The...

Bankers urged to combat money laundering

RAJSHAHI, Apr 26 (BSS): Speakers at a workshop have urged the branch level executives and other bankers to put in their best efforts to resist money laundering and other malpractices in banks for the sake of uprooting various social crimes....

Photo:Union Bank Ltd

Exchange Rate

Funds flowing out of bourses

Funds are flowing out of the country's bourses to other attractive investment options, including term-deposits with banks and government's savings instruments, chief economist of the Bangladesh Bank (BB) Dr Biru Paksha Paul told a seminar in Dhaka Sunday. Paul, presenting...

DSE indices\\\' plunge continues

The prime index of the Dhaka Stock Exchange (DSE) fell 2.33 per cent Sunday, the steepest single-day fall in the last 21 months, as fear of political uncertainty triggered a fresh wave of panic sell-off. Sunday's fall was the biggest...

Two killed as tremor rocks country again

Another tremor rocked Bangladesh on Sunday just a day after a devastating earthquake that killed more than 2,300 people and affected about 6.6 million others in Nepal. Until filing this story at 10:00 pm two people died, one each in...

Imports rebound in March

The country's imports rebounded in the month of March as political tension gradually eased centring the city corporation polls, officials said. Opening of letters of credit (LC) against imports, generally known as import orders, jumped by more than 30 per...

People won\\\'t respond to Khaleda\\\'s call: PM

Describing Khaleda Zia as a 'repressor and killer', Prime Minister Sheikh Hasina said on Sunday the people of the country would not respond to her call any more, reports UNB. "The way she had devastated public life, will people respond...

Khaleda for taking silent revenge thru\\\' ballots

BNP Chairperson Khaleda Zia has urged the voters in three city corporations - Dhaka South, Dhaka North and Chittagong - to exact a silent revenge against all kinds of injustice, repression and corruption by the ruling quarter through casting their...

Prayer Timings

One more NBFI approved

The central bank has approved a proposal for setting up one more non-banking financial institution (NBFI) aiming to facilitate venture capital, officials said. The decision was taken at a meeting of the board of directors of the Bangladesh Bank (BB),...

Dhaka, Delhi sign coastal shipping deal

The government signed a coastal shipping agreement with India on Sunday aiming to increase bilateral trade between the two neighbouring countries. Shipping secretary Shafique Alam Mehedy and Indian Shipping secretary Razib Kumar signed the draft agreement on behalf of their...

Stock market stakeholders want to do it on their own

Country's stock-market stakeholders urged the government Sunday to amend a newly-introduced legal provision to allow companies to deduct, on their own, the taxes from their capital gains earned from bourses.            They argued that authorising companies and partnership firms to estimate...

Meet soon to decide levying duty on rice import

The revenue authority sits with the ministries of food and agriculture and relevant departments to decide on imposition of duty on rice import temporarily. An inter-ministerial meeting will be held shortly to discuss the issue of checking rampant import of...

Govt releases Tk 13.75b cash incentives for exporters

The government has released the last and fourth tranche of cash incentives amounting to Tk 13.75 billion for major exporters for the current fiscal year. The ministry of finance advised Thursday the Chief Accounts Officer of the Finance Division to...

Three bldgs closed, quake-panicked RMG workers injured in scramble

Department of Inspection for Factories and Establishments (DIFE) closed three buildings on Saturday in Narayanganj finding workers' safety at risk, officials said. The three buildings that accommodated more than a dozen factories mainly produced apparel products including hosiery, knitwear and...

Photo: Ballot boxes and other polling materials

Disconnect all illegal gas connections soon

Parliamentary standing committee on power, energy and mineral resources ministry told the authorities concerned on Sunday to disconnect all the illegal gas connections immediately after identifying them across the country. They also suggested strengthening the activities of Bangladesh Petroleum Exploration...

Building safety underscored

Against the backdrop of devestating earthquake in Nepal, experts in Bangldesh have underscored building safety to reduce risks. In reply to a question on Bangladesh's building safety, Professor Ainun Nishat told the FE that to reduce disaster risks and save...

Banks, bourses closed tomorrow

All branches of the scheduled banks and the Bangladesh Bank (BB) will remain closed in Dhaka North, South and Chittagong city corporation areas on Tuesday the polling day as a public holiday was declared. Trading and official activities at Dhaka...

UN for transparent election process

The United Nations on Sunday urged all concerned in Bangladesh to ensure a transparent, peaceful and inclusive election process, reports UNB. "The United Nations urges all concerned to ensure a transparent, peaceful, and inclusive election process," said UN Resident Coordinator...

Photo: RMG workers, hurt while rushing out from their factories

Election observers worried over security of voters

Election Working Group (EWG), a common platform of election observers, expressed its grave concern on Sunday over safety and security of the voters on the election day of the three city corporations. The election watchdog also said such insecurity would...