News

Bangladesh Bank yesterday decided to give Nagad Finance PLC the licence to perform as a non-bank financial institution (NBFI) in the country’s financial sector. Md Mezbaul Haque, spokesperson of Bangladesh Bank, said the central bank’s board of directors took the decision at a meeting at its headquarters in Dhaka. The …

Commerce Minister Tipu Munshi yesterday expected that Bangladesh and Indonesia would be able to ink a bilateral preferential trade agreement soon. Munshi expressed his optimism at a meeting with Indonesian Ambassador to Bangladesh Heru Hartanto Subolo at the commerce ministry. At the meeting, the ambassador agreed to advance in regards …

Export earnings dropped for the first time in five months in March because of a slowdown in the global economy following the severe impacts of the Russia-Ukraine war and Covid-19, official figures showed yesterday. Exporters brought home $4.64 billion last month, down nearly 2.5 per cent from a year earlier, …

Apparel import to the European Union (EU) – the largest destination for Bangladesh’s readymade garment (RMG) – witnessed an encouraging growth of 35.69% to $22.89 billion in the last calendar year, up from $16.87 billion in 2021. The European Statistical Office (Eurostat) published their latest import statistics compiled by the …

The government has allowed the commercial farming of vannamei shrimp, two years after giving permission for trial production. A letter was sent from the Ministry of Fisheries and Livestock to the director general of the Department of Fisheries on Wednesday, allowing the commercial cultivation of the shrimp. The government has …

The Cabinet Committee on Government Purchase (CCGP) approved on Thursday four separate procurement proposals in the road transport, shipping and housing and public works sectors. The approvals were given from the 12th meeting of the CCGP in this year held virtually with Finance Minister AM Mustafa Kamal in the chair. …

The UK has signed a deal to join a trade pact with 11 Asia and Pacific nations, three years after it officially left the European Union. Joining the group will boost UK exports by cutting tariffs on goods such as cheese, cars, chocolate, machinery, gin and whisky, the government said. …

Bangladesh has asked the European Union (EU) to extend International Support Measures (ISM) for six more years after its graduation from the least developed countries grouping, in view of the current global economic situation. The request was made when PM’s Principal Secretary M Tofazzel Hossain Miah held meetings with the …

India’s new foreign trade policy, to be adopted from Apr 1, will take steps to support international trade using the rupee currency, the government said on Friday, as it looks to boost exports amid slowing global trade. FE The South Asian nation is prepared to trade in rupees with nations …

The implementation of a fully automated customs process has been delayed due to the absence of an updated policy framework, said customs officials. They said that customs modernisation was the key to facilitating cross-border trade and investment and reducing risk of duty evasion, but it was challenging to get the …