Massive irregularities were found at a post office building construction project, insiders said. They said many new office buildings under the project had construction faults and mismatches in the procurement system. The project implementation authority - Directorate of Post - had purchased 17 vehicles instead of three...
The third meeting of joint working commission on trade and economic cooperation between Bangladesh and Uzbekistan is likely to be held here in October aiming to expand trade and commerce, officials said. Commerce minister Tipu Munshi has already given his consent to hold the meeting between the...
Bangladesh Malaysia Chamber of Commerce and Industry (BMCCI) has called for providing special focus on fast-growing trends in information technology to overcome COVID-19 impact. The chamber made the call at the BMCCI Web Talk Series, Session-7, titled “RMG Industry Pre COVID and Post COVID”, powered by ROBI,...
For a long time, a major issue that has plagued international trade is that payments are received many weeks, and sometimes even months, after the delivery of the goods. Such delays inevitably lead to cash flow problems for exporters, especially the small and medium-sized enterprises ("SMEs"), and...
A trial run of trans-shipment between Bangladesh and India is finally going to start from Tuesday after overcoming various procedural and bureaucratic hurdles. Earlier, the trial run was supposed to begin in January but then the Covid-19 pandemic stalled the process for months. Another tentative schedule was...
Bangladesh's medicine exports recorded 4.49 percent growth in the 2019-20 fiscal year amid coronavirus while export of other products witnessed downturns. Industry people said Bangladeshi drugs for Covid-19 treatment have created a substantial demand in the international market, and the pharma sector will see a handsome growth...
A High Court bench has declined to hear a writ petition seeking cancellation of licences of those shipping lines that have been realising detention/demurrage charges from importers in an alleged violation of the relugations of the Chittagong Port Authority as there is a separate High Court bench...
Chinese businesses are showing increasingly greater interest in Chattogram, considering the geographical advantage of the port city. Factors like the duty-free access China recently granted to 5,161 additional Bangladeshi products must also be taken into account. Registration data from the Bangladesh Investment Development Authority (BIDA) show a...
The novel coronavirus originated in China, the global supply chain hub, in late December and has since rapidly spread to all corners of the world, affecting hundreds of thousands of people and imposing significant economic implications. Bangladesh, a growing economy in South Asia, is no exception and...