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Furniture makers seek duty cut on wood, accessories imports

CHATTOGRAM, Jan 23: Furniture manufacturers based in the region have urged the authorities concerned to reduce the import duty on raw materials and accessories to facilitate them entering the export markets.They said the heavily import-dependent sector has made a significant breakthrough in diversification of designs and improving quality - two...

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Thrust on adopting green tech by industrial units

The country's industrial units should adopt green technologies to ensure environmental safety, which has become a major concern for sustainable economic growth, speakers said at a programme in the city on Wednesday.They also underscored the need for conducting research to develop and innovating environment-friendly technologies and materials.They put forward the...

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Move to improve runways of three airports

The Civil Aviation Authority of Bangladesh (CAAB) has undertaken a project for asphalt concrete overlay on the runways of Jashore, Saidpur and Rajshahi airports, a planning ministry official said.The project involving Tk 5.45 billion is aimed at ensuring safe take-off and landing of planes.The CAAB submitted the development project proforma...

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Philippines wants to import more medicines from BD

The Philippines has expressed its interest to import more medicines from Bangladesh, Commerce Minister Tipu Munshi said on Wednesday. The Southeast Asian country also expressed its willingness to invest in some sectors, including agro processing and leather sectors, he told reporters after a meeting with Philippines Ambassador in Dhaka Vicente...

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Thrust on linkage industry for vegetables production

A three-day 'National Vegetable Fair-2019' begins in the capital today (Thursday) to encourage people to consume more vegetables.The main theme of the 4th fair is 'safe vegetable would be cultivated to make nutrition available for round the year' (Nirapad Sabji Karbo Chash, Pusti Milbe Baro Mash). The fair will conclude...

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US Bangla resumes flights on Dhaka-Bangkok route Feb 5

US-Bangla Airlines will resume its operation on Dhaka-Bangkok route after four months gap from February 05 with special promotional offer targeting the tourists, an official said.Anyone buying two return tickets on Dhaka-Bangkok-Dhaka route with Tk 20,500 (including tax and surcharge) from any US-Bangla sales centre or approved travel agent, will...

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Weakness in services, farm sectors slows China GDP growth

BEIJING, Jan 23 (Reuters): Weakness in the service and farm sectors slowed China's economic growth in the fourth quarter, despite a strong pickup in construction activity, official data showed on Tuesday.Services grew 7.4 per cent from a year earlier, slowing from 7.9 per cent in the third quarter, while growth...

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Danske faces new investor lawsuit threat

LONDON, Jan 23 (Reuters): Litigation funder IMF Bentham has teamed up with legal experts Quinn Emanuel and Njord Law Firm and plans to file a lawsuit against Danske Bank by July over a 200 billion euro ($230 billion) money laundering scandal.IMF's European subsidiary, IMF Litigation Funding Services Limited (IMF LFS),...

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China blasts US 'bullying' with Huawei CFO extradition bid

BEIJING, Jan 23 (AFP): China on Wednesday accused the United States (US) of "bullying behaviour" after US authorities confirmed plans to seek the extradition of a top Chinese telecom executive detained in Canada.The United States faces a January 30 deadline to file an extradition request for Huawei chief financial officer...

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UAE formalises $3.0b package for Pakistan

The Abu Dhabi Fund for Development (ADFD) has formalised an amount of US$3.0 billion to the State Bank of Pakistan with an aim to support Pakistan's economic growth and achieve the long-term objectives of its monetary policy, reports Daily Times.According to WAM news, the decision to formalise the deposit was...

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Sony to move Europe hq to avoid Brexit disruption

Sony will move its European headquarters from the United Kingdom (UK) to the Netherlands to avoid disruptions caused by Brexit, reports BBC.The company said the move would help it avoid customs issues tied to Britain's exit from the EU.Despite the move, Sony won't shift personnel and operations from the existing...

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France to seek tougher oversight of 5G network gear

PARIS, Jan 23 (AFP): France will require telecommunications companies to allow more government oversight and control of the equipment required for next-generation 5G wireless networks due to security concerns, a government official said Tuesday.The move comes as several Western nations have barred China's Huawei from participating in contracts for 5G...

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US existing home sales hit three-year low in Dec

WASHINGTON, Jan 23 (AFP): Sales of existing US homes unexpectedly plunged to a three-year low in December, partly reflecting a bump in mortgage rates, according to an industry survey.Amid rising prices and tight supply in addition to cold weather and California wildfires, analysts had been expecting slower sales in the...

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Rupee spurts 29 paise against US dollar

MUMBAI, Jan 23 (PTI): The rupee rose 29 paise to 71.15 against the US dollar in early session Wednesday on increased selling of the American currency by exporters and banks amid a positive opening of the domestic equity markets.At the Interbank forex market, the rupee opened higher at 71.19 and...

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Social Welfare Minister Nuruzzaman Ahmed distributing blankets

Social Welfare Minister Nuruzzaman Ahmed distributing blankets among the cold-affected people in Kaliganj upazila of Lalmonirhat district on Friday at the the initiative of Rangpur branch of Uttara Motors

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