The commercial banks in Bangladesh in a number of cases did not make payments on time against the letters of credit (L/Cs) though there was no discrepancy, tarnishing the country's image abroad very badly, said ICC Bangladesh President Mahbubur Rahman."We at the ICC Bangladesh quite frequently receive complaints from foreign...
Read moreSales of electric cookers have soared in the country amid shortage of natural gas supply to households, said trade insiders.Rising incidents of LPG cylinder blasts has also prompted the consumers to turn to electric ovens, they added.Local manufacturers and importers saw the sales of both Induction and infrared cookers jump...
Read moreBangladesh is at the risk of losing 5.38 million jobs by 2041, thanks to the fast growth of automation, a leading local ICT specialist has warned.At the same time, 7.4 million overseas jobs for Bangladeshi expatriates may also be at risk for the same reason, he cautioned."Around 60 per cent...
Read moreThe government revised downward on Wednesday the import duty on gold to Tk 2000 per bhori from existing Tk 3000, officials said. A meeting chaired by Finance Minister AMA Muhith at the secretariat also fixed duty on undeclared stocks of gold at Tk 1000 per bhori, on diamond at Tk...
Read moreSetsuyo Astec Corporat-ion, a subsidiary of Mitsubishi Electric Corporation, is considering to set up its factory in Bangladesh as the wages here is the lowest among the Asian and Oceania countries.The production cost in Bangladesh is the lowest in the region and the country has been moving ahead with the...
Read moreBangladesh can earn a huge amount in foreign currency by exporting different agriculture products to China, Commercial Counsellor of the Bangladesh Embassy in China M Mahfuzul Alam Khan has said.The demand of lemon, mango, pineapple, jackfruit and guava in Chinese market is very high while they import a huge amount...
Read moreVision Emporium, retail chain shop of electronics products of RFL Group, has announced a two-month offer to its customer titled 'Honey-Bunny offer', says a statement.Under the offer, customers will get mega houseful gift, Dhaka-Saint Martin's trip package with celebrity, gift voucher of Tk 10,000 and Tk 1,000 cash back.Managing Director...
Read moreVANCOUVER, Dec 12 (Reuters): A top executive of Chinese telecoms giant Huawei Technologies Co Ltd was granted bail by a Canadian court on Tuesday, 10 days after her arrest in Vancouver at the request of US authorities sparked a diplomatic dispute.In a court hearing in Vancouver, British Columbia, Justice William...
Read moreSTRASBOURG, Dec 12 (Reuters): The European Union (EU) and Japanese plans to form the world's largest free trade area cleared their final hurdle on Wednesday when EU lawmakers backed a partnership set to enter force early next year.The European Parliament voted 474 in favour to 156 against the agreement that...
Read moreChairman of the board of directors of Bangladesh Commerce Bank Limited Dr. Engr. Rashid Ahmed Chowdhury inaugurating the 61st branch of the bank (Lohagara Branch) at Lohagara in Narail recently
Read moreChairperson of Partex Star Group Sultana Hashem inaugurating a showroom of USA-based Furniture Homestore Brand ASHLEY at Gulshan in the city on Tuesday. As a trade mark usage licensee, Partex Homestore Limited, a concern of Partex Star Group, is representing ASHLEY in Bangladesh
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