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- Hamas hands over 6 hostages to Red Cross
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- Fakhrul urges democratic forces to build livable Bangladesh
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- 85 Bangladeshis among 598 immigrants detained in Myanmar
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Import-export strategy between Bangladesh, Saudi Arabia stressed
Saudi Arabian Trade Minister Majid bin Abdullah Al-Qasabi on Tuesday underlined the need for formulating an import-export strategy for Bangladesh and the oil-rich nation to advance the economic ties between the two countries. He made the suggestion when Bangladesh Ambassador to Saudi Arabia Md....
Trump to introduce 25% tariffs on steel and aluminum imports
US President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the US, on top of existing metals duties, in another major escalation of his trade policy overhaul, reports Reuters. Trump, speaking to reporters on Air Force One on his way to the...
NBR set to launch full bond automation to enhance trade efficiency
The National Board of Revenue (NBR) is set to fully operationalise its Bond Automation system this month to enhance efficiency, transparency, and accountability in Bangladeshs trade operations. The rollout, initially planned for last month, was delayed due to businesses lack of readiness, according...
Capital machinery imports plunge amid rising economic uncertainty
The import of capital machinery in Bangladesh has plummeted, reflecting the deepening economic uncertainty facing the nation. Data from Bangladesh Bank reveals a stark decline in letters of credit (LCs) for machinery imports across all industrial sectors during the first five months (July-November)...
BB extends import bill payment period to 360 days
Bangladesh Bank (BB) has extended the payment period for imported raw materials and agricultural inputs from 180 days to 360 days. The central bank issued a circular on Monday to conserve dollars and maintain the supply chain. The circular said that the delayed payment limit for imports of...
Rice prices will drop soon with no shortage in the market: commerce advisor
Commerce Advisor Sk Bashir Uddin reassured the public that there is no shortage of rice in the market. He emphasized that both the countrys rice reserves and local production are more than adequate, particularly with the Aman season in full swing. There is no logical reason for the current high...
Forex market gets volatile again
The countrys economy has struggled with an inconsistent dollar rate for almost two years. Although the economy saw some stability in between, the price of the greenback is becoming volatile once again. After the government announced an increase in the currencys price, the kerb market became...
Vietnam to end tax exemption on low-cost imports starting February
Vietnam will end its tax exemption on low-value imported goods, starting February 18, in a move that aims to regulate e-commerce and boost local consumption. This change, outlined in Decision 01 by Deputy Prime Minister Ho Duc Phoc, impacts goods valued below VND 1 million (approximately $39.3),...
Dollar market in turmoil as Bangladesh Bank considers new system
The Bangladeshs dollar market is once again in turmoil, with the price of the US dollar surging by Tk7-8 within the past week, reaching Tk128-129. Just seven days earlier, the rate had been Tk121-122, signaling a return of volatility after five months of relative calm. This surge is causing...
Direct shipments from Pakistan boost imports by 21%
Direct shipping between Pakistan and Bangladesh commenced on November 11, 2024, with the Panama-flagged ship Yuan Jiang Fa Zhong arriving at Chittagong port with goods for the first time. Previously, goods from Pakistan passed through several ports before reaching Bangladesh. Now, with direct...
Recession not easing, raw material imports fall
Countrys trade has ground to a halt as the raw material imports fell to $5.27 billion in November, a sharp decline from $5.6 billion in the same month last year. This marks a troubling sign for the economy, as a reduction in imports is expected to fuel inflation and push up commodity prices....
Government plans to drill 100 gas wells to alleviate crisis
The government of Bangladesh has unveiled an ambitious plan to tackle the ongoing gas shortage and reduce its reliance on costly LNG imports by drilling 100 new and existing gas wells between 2025 and 2028. The move aims to enhance domestic gas production and ensure a steady supply to industries,...
Annual expenditure totals $14 billion with India
Bangladesh has emerged as Indias largest trading partner in South Asia, primarily due to its growing import dependence. In return, India stands as Bangladeshs second-largest trading partner in Asia. However, despite this robust bilateral trade, Dhaka has struggled to capitalize fully on the...
1030 metric tonnes of rice imported from India in one week
A total of 1030 metric tonnes of rice were imported from India through Benapole port in one week till Wednesday. According to the Benapole land port and customs house, 33 rice-laden trucks entered the land port from November 18 to 27, reports UNB. Deputy assistant officer of Benapole...