Bangladeshi apparel exports to Japan have been increasing over the years, thanks to entrepreneurs' relentless efforts to meet the buyers' quality requirements and the government's policy support, industry people said.They also attributed the rise in exports to Japan's 'China-plus policy' and relaxation of its rules of origin.Locally-made knitted items have...
Read moreCHATTOGRAM, July 2: The Chittagong Port handled over 2.8 million 20-foot containers in the last fiscal year, up 12.19 per cent over the previous year.The prime seaport handled a total of 2,808,554 TEUs (twenty-foot equivalent units) of containers in 2017-18 against 2,503,471 containers in 2016-17.Md Zafar Alam, member (admin and...
Read moreFirst Security Islami Bank Limited (FSIBL) signed a member subscription agreement with Fintech Innovations International DMCC, UAE, on Monday, says a press statement. Managing Director of FSIBL Syed Waseque Md Ali and Executive Director of Fintech Innovations International Azizunnessa Huq (Dolly) signed the agreement on behalf of their respective organisations...
Read moreThe South Bangla Agriculture & Commerce (SBAC) Bank has arranged an orientation programme in the capital for the newly-recruited trainee assistant junior officers.The programme was inaugurated on Monday at the Head Office of the SBAC Bank, a new generation private commercial bank.Managing Director and Chief Executive Officer (CEO) of the...
Read moreBEIJING, July 2 (Reuters): China's top steelmaking city Tangshan plans to halve the number of its steel producers by 2020 and eliminate inefficient equipment. The move is aimed at consolidating its steel sector and helping clear one of the country's most polluted cities.China's four-year war on pollution has targeted major...
Read moreFrench supermarket retailer Carrefour and British peer Tesco announced on Monday plans to form a global long-term purchasing alliance, as they seek to cut costs, reports CNBC.The deal is the latest partnership within the European retail industry, which has seen US internet giant Amazon make in-roads into the sector in...
Read moreKAMPALA, Uganda, July 2 (AP): A new tax on social media has taken effect in Uganda, angering many who see the revenue measure as an attack on free speech.A tax on users of sites such as Facebook was first proposed by long-time leader Yoweri Museveni.He complained of online gossip in...
Read moreTOKYO, July 2 (Reuters): Japan's Nissan Motor Co has cancelled a potential $1.0 billion sale of its electric battery business to China's GSR Capital.Nissan said that the sale has been scrapped for a lack in fund with the Chinese investment firm to make the purchase.The Japanese automaker had announced in...
Read moreDUBAI, July 02 (Reuters): Net foreign assets at Bahrain's central bank fell in May, according to official data released on Sunday.The foreign assets decline may fuel concern about Bahrain's ability to defend its currency against a current account deficit and rising public debt.The assets dropped to 671.1 million dinars ($1.78...
Read moreThailand's annual headline consumer price index (CPI) rose 1.38 per cent in June, compared with a forecast of a 1.54 per cent increase, reports Reuters.The increase was 1.49 per cent in May, Thailand's commerce ministry data showed on Monday.According to the data, the core inflation rate was 0.83 per cent...
Read moreSmokes coming out of chimneys on Monday as Ashuganj Fertiliser Factory in Brahmanbaria resumes its production after a gap of 14 months when production remained suspended due to a halt in gas supply to the factory by the Bakhrabad Gas Distribution Company — Focus Bangla
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