The domestic market has been flooded with illegally imported yarn and fabric, hitting the local industry hard, industry people alleged.As a result, a huge quantity of locally produced items has remained unsold, they said.They alleged that foreign yarn and fabric are entering the country through smuggling, border hats and misuse...
Read moreThe Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and the National Defence College (NDC) held a discussion on the economic and trade issues in the city on Sunday. Issues relating to national economy, local and international trade, country's investment situation and the banking sector came up for discussion....
Read moreThe Bangladesh Jute Mills Corporation (BJMC) has sought an allocation of Tk 5.0 billion in every national budget for an indefinite period against the losses it makes due to "high wages of workers".It cited that the state-run jute mills pay much higher wages compared to private sector jute mills, thus...
Read moreCommerce Minister Tofail Ahmed has assured the local furniture makers of the government's necessary support including providing bonded warehouse facility for imported raw materials to help boost the sector's export."We've to talk to the finance minister. It will not be difficult to realise the demand. They (the entrepreneurs) will be...
Read moreDaraz, a leading online marketplace of Bangladesh, recently started a 40-day, four-phase campaign on the occasion of Holy Ramadan and Holy Eid-ul-Fitr, says a statement.Ramadan month will begin on May 17.The Holy Eid-ul-Fitr is likely to be celebrated in the country on June 16 and the four-phase campaign will continue...
Read moreOdisha's bulk purchaser cum trading entity Gridco qualified at the technical cum commercial tenders floated by the Bangladesh Power Development Board (BPDB) recently, India's local media reports say.The financial bids are set to be invited in the next 15 days. In what could be its first trading of power with...
Read moreBangladesh Knitwear Manufacturers and Exporters Association (BKMEA Saturday organised an event at Krishibid Institution Bangladesh in the city where insurance claim cheques were handed over to 429 families of workers who died in knitwear factories during the last three years.State minister for labour Mujibul Haque was the chief guest in...
Read moreBarrister Omar Sadat BGCCI gets new presidentBarrister Omar Sadat, a legal practitioner in corporate community and a real state entrepreneur, has been elected the president of Bangladesh-German Chamber of Commerce and Industry (BGCCI), the country's largest bilateral business chamber. He was elected uncontested along with his panel of 13 other...
Read moreChairman of South Bangla Agriculture and Commerce (SBAC) Bank Limited SM Amzad Hossian presiding over the 5th Annual General Meeting of the bank at a city hotel recently
Read moreRajshahi Krishi Unnayan Bank chairman Muhammad Nazrul Islam presiding over the 476th board meeting of the bank at its head office in Rajshahi on Sunday with Managing Director Kazi Alamgir present, among others
Read moreBEIJING, May 13 (Xinhua): A trade war between China and the United States (US) would be devastating to global economy, and constructive approaches are needed to resolve trade frictions, according to a joint report released Saturday by Chinese and US think tanks.Outright trade war between the two largest economies would...
Read moreKAZAN, May 13 (TASS): Trade between Russia and Egypt may go up to ten billion US dollars in 2018, chairman of the Russia-Egyptian Business Council under the Russian Chamber of Commerce and Industry, Mikhail Orlov, said on Friday."Trade is growing dramatically ... It was about six billion US dollars last...
Read moreMeritorious students receiving scholarship documents from Bangladesh Insurance Association (BIA) President Sheikh Kabir Hossain, Insurance Development and Regulatory Authority Chairman Md Shafiqur Rahman Patwari, Nizam-Hasina Foundation Chairman Nizamuddin Ahmed and others at a ceremony in the capital recently
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