US聽PRESIDENT Donald Trump announced 25 per cent tariffs on foreign steel and aluminium imports聽on February 10, doubling down on his protectionist agenda to 鈥榖oost鈥� the US economy through import taxes, a move that could disrupt trade with key partners. Set to take effect on March 4, the tariffs will impact the 25 million tonnes of steel the US imports...
OVER 10 million Bangladeshi migrant workers send home an estimated $22 billion in remittances annually, making it the country鈥檚 second-largest source of foreign exchange after garment exports. More than 60 per cent of this originates from the Middle East, with Saudi Arabia, the United Arab Emirates, Qatar, and Kuwait leading the way. At the same time...
IN TODAY鈥橲 fast-paced, sedentary world, we are all aware of the importance of regular exercise for physical health. From heart function to muscle tone, exercise is a fundamental pillar of a strong, well-functioning body. However, fewer people recognise its crucial role in boosting brain power. Regular physical activity significantly enhances cognitive abilities...
For the first time, Bangladesh has imported molasses from Pakistan through Mongla Port...
MUSEUMS are establishments where representative objects of cultural and historical importance of a nation are showcased for the public. As we go deep into the genesis of the word 鈥榤useum鈥�, we learn that it is derived from the word 鈥榤use鈥� in English adopted into its vocabulary from the Greek word 鈥榤ousa鈥�, meaning 鈥榤use鈥� or 鈥榯hink deeply鈥� over...
The country鈥檚 textile sector businesses have requested finance adviser Salehuddin Ahmed to impose a ban on yarn imports using the customs houses of all land ports in the interest of the country鈥檚 textile sector...
The Bangladesh Export Import Company Limited incurred a loss of Tk 243 crore in the second quarter (October-December) of the financial year 2024-25, losing Tk 2.58 per share....
Sri Lanka announced the lifting of a five-year ban on vehicle imports Tuesday as the country showed further signs of emerging from its worst economic meltdown...
The cost of import and export in Bangladesh is significantly higher than India, Malaysia, Vietnam and Singapore due to inefficient customs clearance and uncompetitive logistics services.
Bangladeshi importers and businessmen see big opportunities and potentials in importing dates, oranges, other fruits and agricultural products from Pakistan to meet the demand throughout the year, including during the holy month of Ramadan...
Interim government鈥檚 food adviser Ali Imam Majumder said that the government was prioritising trade over politics, welcoming imports from neighbouring countries like India, Myanmar, and Pakistan due to their proximity and lower costs...
The Bangladesh Bank has extended the payment period for imported raw materials and agricultural inputs from 180 days to 360 days...
Professor Lutfey Siddiqi, Special Envoy on International Affairs to the chief adviser, on Sunday said the 鈥楤angladesh Single Window鈥� will be effective within the month of March to ease the import and export processes for businesses...
The cabinet committee on government purchase at a meeting on Thursday approved two separate food ministry proposals to import total one lakh tonnes of rice from India and Pakistan...
The Chattogram Customs House is set to auction nearly 100 vehicles, including 31 luxury Land Cruiser cars imported under a duty-free privilege for former members of parliament during the ousted Awami League regime...
Import and export customs clearance in Bangladesh will require the mandatory submission of certificates, licences and permits, or CLP, through the Bangladesh Single Window or BSW system for seven government entities from February 1...
The US Department of Homeland Security said on Tuesday that it was adding 37 entities to the Uyghur Forced Labour Prevention Act entity list, bringing its total to nearly 150...
The Bangladesh Petroleum Corporation has decided to import 1,30,000 tonnes of diesel from India鈥檚 Numaligarh Refinery Limited at an estimated cost of Tk 1,137 crore...
The Bangladesh Textile Mills Association has demanded the government to extend the usance period for payments on import of industrial raw materials...
Bangladesh鈥檚 gross foreign exchange reserve, calculated as per the International Monetary Fund鈥檚 guidelines, has dropped to $20 billion, following a $1.67-billion payment to the Asian Clearing Union against import bills for November and December of 2024...
The National Board of Revenue鈥檚 Customs division in a directive made physical inspection mandatory for a dozen imported products through the Benapole Land Port...
Bangladesh Export Import Company Limited, commonly known as Beximco Limited, and GMG Airlines Limited, both entities of Beximco Group, have defaulted on loans amounting to Tk聽1,544 crore with Sonali Bank PLC...
The Bangladesh Bank on Thursday reduced the letter of credit (LC) margin for importing luxury cars to 50 per cent from the previous 100 per cent and removed LC margin limits for environment-friendly vehicles...
The country鈥檚 apparel makers are facing significant challenges in banking processes, particularly with issues related to raw material imports and export proceeds receipts, according to a study...
The US trade gap narrowed more than expected in October, government data showed Thursday, as imports slipped more than exports...
The government has allowed the private sector to import 3.92 lakh tonnes of rice within this month, aiming to keep rice price stable on the retail market across the country, according to the food ministry...
The country鈥檚 trade deficit narrowed slightly in the July-October period of the 2024-25 financial year compared with that in the same period of FY24...
The Bangladesh Bank has extended the tenure for foreign exchange loans under buyers and suppliers credit for importing capital machinery, allowing industrial entrepreneurs to secure loans for three years instead of one...
Bangladesh鈥檚 share in the United States鈥� denim trouser imports has steadily grown by 6.6 percentage points over the past seven years, increasing from 14.1 per cent in 2017 to 20.7 per cent as of September 2024 although the overall imports of the item by the US declined in the period...
Importers, who faced losses due to foreign exchange rate spikes, can now repay their loans over a maximum period of eight years...