Sep 24
Daily News Head Line
Spinners struggling for port congestion PDF Print E-mail

Spinners are facing troubles as they cannot release cotton from Chittagong port in time due to congestion that was created from the breakdown of two of the four gantry cranes in June.

Cotton is an essential raw material for the garment sector, the country's main export earner.

The spinners import cotton from India, the US, African countries and many others, and they have to wait for eight to 10 days to release the cotton from the port.

First submarine cable to remain shut for 3 days PDF Print E-mail

The country's first international submarine cable (SEA-ME-WE-4) connection will remain shut for three days from October 6 for the first time of the cable's 12-year history due to maintenance works under the Bay of Bengal, said a top official of the company.

Importers suffer for a dearth of lighters at Ctg port PDF Print E-mail

A shortage of lighter vessels at the Chittagong port along with landing stations is causing importers to pay extra charges and demurrages, forcing consumers to ultimately bear the costs.

Importers say Water Transport Cell, comprising owners of these vessels of capacities ranging from 800 to 3,000 tonnes, does not have sufficient watercrafts.

There are around 900 such ships engaged in unloading 70 percent of imported bulk cargo such as foodgrains, fertilisers, steel, cement and ceramics, from mother vessels at the outer anchorage.

Ban on direct cargo flight to UK may go: Rushanara PDF Print E-mail

The country has made laudable progress in safety and security services at the Hazrat Shahjalal International Airport for lifting the ban on direct cargo flights from Dhaka to the UK, said Rushanara Ali, the UK Prime Minister's trade envoy for Bangladesh.

Ali, who is a member of the British parliament, said she has already raised the issue of ban to her prime minister.

“I am hopeful that there will be a good news soon,” Ali told journalists after a meeting with Commerce Minister Tofail Ahmed at the secretariat office in Dhaka yesterday.

HSBC launches seventh Export Excellence Awards PDF Print E-mail

HSBC Bangladesh yesterday launched the seventh edition of HSBC Export Excellence Awards to recognise exporters for their contribution towards sustainable growth of the economy. Francois de Maricourt, CEO of HSBC Bangladesh, launched the award at a ceremony at Pan Pacific Sonargaon Dhaka hotel.


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