News

Prime Minister Sheikh Hasina yesterday laid emphasis on expanding fields of cooperation with Moscow, saying Bangladesh will welcome Russia’s investment in its jute industry. “Bangladesh will welcome Russian investment in jute,” the premier said while newly appointed Russian Ambassador to Bangladesh Alexander Vikentyevich Mantytskiy called on her at her official …

Pharmaceuticals shipment from Bangladesh grew 33 per cent year-on-year in the first quarter of the current fiscal year on the back of anti-coronavirus drugs and cash incentives of the government. Medicines worth $56 million were exported in the July to September period, which was $42.17 million in the same three-month …

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan has requested the Ministry of Labour and Employment to consider ways of how the central fund could be effectively used to ensure more welfare of garment workers. Leaders of BGMEA led by President Faruque Hassan met Ehsan-E-Elahi, secretary, the Ministry …

Whenever the opportunity arises, the prices of daily necessities are increased There is still a kind of arbitrariness in our market system. The general formulas of economics are also useless here. Whenever the opportunity arises, the prices of daily necessities are increased. For example, the price of onions has suddenly …

The government is set to provide preference to local IT and software companies in public procurements for setting up digital systems. Ambiguities in the public procurement rules have barred local software companies from taking part in different programmes, said Prof Dr Shamsul Alam, state minister for planning, yesterday. “We should …

Two-hundred metric tonnes of liquid oxygen, imported by rail from India, has been unloaded at Benapole land port for the first time. It was previously unloaded at Bangabandhu Bridge West Station in Sirajganj. The liquid oxygen was unloaded last night in a tanker at Benapole Port’s gate-2 from India’s Oxygen …

Profit taking tendency among stock investors continued for the last three consecutive days led by big paid-up capital based companies as the stockmarket fell today also. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), declined 65 points, or 0.89 per cent, to 7,248. While, DS-30, the blue-chip …

The International Monetary Fund yesterday cut the economic growth forecast for Bangladesh to 6.5 per cent for the current fiscal year from its April projection of 7.5 per cent. It came as the IMF said the outlook for the low-income developing countries has darkened considerably due to worsening coronavirus pandemic …

The government is likely to approve 660-megawatt imported LNG-based power plant under an unsolicited deal, said officials.

Commerce Minister Tipu Munshi on Thursday said the government has already taken multiple initiatives to simplify the trade procedures to be competitive in global market.