The cooperation between Bangladesh and Denmark will be strengthened further in different sectors including technology and energy marking the 50 years of relations between the two countries, reports UNB.Visiting Danish Crown Princess Mary Elizabeth and Danish Minister for Development and...
JASIM UDDIN HAROON | 2022-04-26 00:00:00
Bangladesh's 'terms of trade (TOT)' increasingly go against the country, according to a central-bank report, following faster growth of the import-price index relative to the export-price index amid global market volatility.The report portrayed the situation of the past fiscal, and...
Profit-booking hits stock tradingStocks slipped into the red on Monday, snapping a four-day winning streak, as the risk-averse investors opted for booking profit on quick-gaining issues. The market opened lower and the downward trend continued until the end of the...
JAKARTA, Apr 25 (Reuters): Indonesian government officials told palm oil companies on Monday that an export ban announced late last week would cover shipments of refined, bleached, deodorized (RBD) palm olein but not crude palm oil, two industry sources told...
Rickshaws are seen completely occupying this stretch of the Bangabandhu Avenue in Gulistan on Monday, contributing to traffic congestion in the area. Capital Dhaka usually sees a rise in the number of rickshaws during the Ramadan as many people come...
FE REPORT | 2022-04-26 00:00:00
The central bank re-fixed maximum limits for mobile financial service (MFS) transactions to facilitate flow of money ahead of Eid, according to a circular issued Monday. The Bangladesh Bank withdrew the number of daily transaction times and re-fixed the daily...
Jubair Hasan and Yasir Wardad | 2022-04-26 00:00:00
Supply shortage of edible oils on the local market turned severe to the frustration of consumers ahead of the Eid-ul-Fitr festival, market sources say. As virtual anarchy reigned over oil marketing, 5-litre jar almost disappeared from the groceries while the...
DOULOT AKTER MALA | 2022-04-26 00:00:00
Local manufacturing industries will also enjoy duty-free facility through the bonded-warehouse window under new import policy the government issued Monday to ease controls on the trade. The duty-free import facility under the bonded-warehouse mechanism used to be enjoyed by export...
PARIS, April 25 (AFP): French President Emmanuel Macron sought to unite a deeply divided nation Monday after winning re-election in a battle against rival Marine Le Pen that saw the far right come its closest yet to taking power.Centrist Macron...
ISLAMABAD: Pakistan and the International Monetary Fund (IMF) have agreed, in principle, to extend the stalled bailout programme by up to one year and increase the loan size to $8 billion, giving markets the much-needed stability and a breathing space...
THE HAGUE, April 25 (AFP): Philips on Monday reported net losses of over 150 million euros in the first quarter of 2022 as the Dutch health technology firm battled a faulty respirator recall and supply chain problems.The Amsterdam-based firm, which...
Global edible oil consumers have no option but to pay top dollar for supplies after Indonesia's surprise palm oil export ban forced buyers to seek alternatives, already in short supply due to adverse weather and Russia's invasion of Ukraine, reports...
Coca-Cola Co warned on Monday consumer demand could slow as rampant inflation shows no sign of cooling and said it was focusing on more affordable and refillable glass bottles in markets facing the biggest pinch from price increases, reports Reuters.Demand...
PARIS, April 25, (AFP): Europe must act fast to secure supplies of crucial metals required for a green energy transition and its best bet is to recycle, a report said Monday.The 27-nation EU aims to be "carbon neutral" by 2050...
LONDON, Apr 25 (Reuters): Morgan Stanley said on Monday it had revised down its economic growth forecasts for the euro area this year and the next, anticipating a meaningful slowdown in economic growth in the second half of this year.The...
NEW DELHI, Apr 25 (Reuters): The European Union (EU) and India agreed on Monday to set up a trade and technology council to step up cooperation, as the bloc's chief held talks with officials in New Delhi who have seen...
FRANKFURT, Apr 25 (AFP): The business climate in Germany improved slightly in April as Europe's largest economy absorbed the initial shock of the war in Ukraine, an economic think-tank said on Monday."The German economy has shown its resilience," Ifo president...
LONDON, Apr 25 (Reuters): Asda and Morrisons said on Monday that they would cut the prices of essential items, ratcheting-up competition in Britain's food retail sector against a backdrop of soaring inflation and slumping consumer confidence.Surging prices are causing the...
JEDDAH, Apr 25 (Arab News): The Saudi Export-Import Bank allocated around SR250 million ($66.6 million) for small and medium enterprises in the first quarter of 2022 - and plans to earmark another SR300 million by the end of the year."About...
Janata Bank Limited distributed food among the destitute on Saturday on the occasion of Ramadan and upcoming Eid-ul-Fitr. Director of the bank KM Shamsul Alam distributed food items at Utli under Begumganj upazila in Noakhali while another director Ziauddin Ahmed...
NEW YORK, Apr 25 (Reuters): Twitter Inc is poised to agree a sale o Elon Musk for around $43 billion in cash, the price the CEO of Tesla has called his "best and final" offer for the social media company,...
Chinese Company Venus Beauty Limited is going to set up a hair fashion accessories manufacturing industry in Bangladesh Export Processing Zone Authority (BEPZA) Economic Zone with an investment of US$50 million, reports BSS.This fully foreign-owned company will produce annually 226.09...
Dhaka and Oslo are keen to broaden economic partnership through trade, investment and maritime sector cooperation while Bangladesh and Norway are celebrating 50 years of the bilateral relations, reports BSS.The two countries expressed this interest at a bilateral meeting between...
FE Report | 2022-04-26 00:00:00
High import payments are causing appreciation of dollar against taka, resulting in further price surge of essentials in local market, while odd climatic condition is also posing threat to local agricultural production.Taking these factors into account, the government should enact...
FE REPORT | 2022-04-26 00:00:00
One third of the factories, including textile and ready-made garment (RMG) units, across the country under the jurisdiction of the Industrial Police (IP) paid festival allowance until Monday.IP data shows 3,151 out of 9,176 units located in Dhaka, Gazipur, Chattogram,...
Prime Minister Sheikh Hasina on Monday sought to continue procurement of LNG from Qatar for a long term period, reports UNB."Bangladesh is currently purchasing LNG from Qatar. We want it to continue for a long term period," she was quoted...
With Eid-ul-Fitr drawing near, sales of new dresses have gone up as an increasing number of customers throng shopping centres. The photo was taken at Centre Point Market in the capital on Monday — Focus Bangla
MONIRA MUNNI | 2022-04-26 00:00:00
Bangladesh sticks to its decision to continue fumigation requirement for cotton imported from the USA despite opposition from local spinners.The government upheld its decision in the new import policy for the period of 2021 to 2024. "Fumigation is mandatory for...
Rain/thunder showers accompanied by temporary gusty wind is likely to occur at one or two places overMymensingh and Sylhet divisions in the next 24-hour from 06:00 am today (Tuesday), according to the Met Office. Weather may remain mainly dry with...
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