Wednesday , September 18 2019
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Bangladesh

India Bangladesh coastal shipping pact may be thrown open to larger ships

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India is seeking to remove the size restriction on vessels plying between India and Bangladesh under the coastal shipping agreement signed between the two neighbours in June 2015 as the pact comes up for renewal next year. The coastal shipping pact currently permits vessels of up to 6,000 gross tonnage (GT) to ply due to size restrictions mandated by the ... Read More »

Bangladesh cuts mobile internet access in Rohingya camps

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Bangladesh cut access to 3G and 4G internet in Rohingya camps yesterday, in a further clampdown on communications among the refugees as Dhaka grows increasingly frustrated with failed attempts to repatriate them back to Myanmar. Despite an agreement between the two countries in November 2017 to send back the Rohingya, virtually none of the 740,000 who fled Myanmar following an ... Read More »

Spinners strike as Bangladesh dent Afghanistan

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Taijul Islam removed the openers while Mahmudullah picked a wicket at the stroke of lunch as Bangladesh restricted Afghanistan to 77-3 in the first session of the one-off Test on Thursday. Taijul bowled opener Ihsanullah Janat for nine and became the fastest Bangladeshi bowler to reach 100 Test wickets after Afghanistan skipper Rashid Khan won the toss and elected to ... Read More »

Trade War Pushes Garment Companies Back to Bangladesh

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DHAKA, Bangladesh—The trade war between the U.S. and China has led many fashion brands to shift production to spots across Asia, including to Bangladesh, where safety issues persist years after two workplace accidents killed more than 1,000 workers. Read More »

Bangladesh apparel exporters, EPB official say India’s concerns ‘unrealistic’

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India’s actual concern lies in Bangladesh’s rise as readymade garment exporter, the Bangladeshi businesses have alleged. An Export Promotion Bureau or EPB official has also brushed aside as “unrealistic” recent reports on India’s Directorate of Revenue Intelligence sounding an alarm over such alleged practices. The DRI asked the customs wing to look carefully into the origin certificates issued for such ... Read More »

Customs told to keep an eye on garments imported via Bangladesh

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The Directorate of Revenue Intelligence has sounded an alarm over garments being imported through Bangladesh from other countries to take advantage of duty concessions offered under a free-trade pact. The DRI has asked the customs wing to look carefully at the origin certificates issued for such consignments by Bangladesh trade bodies. “There is concern over growing cheap imports from third ... Read More »

Pidilite Industries commissions second manufacturing facility in Bangladesh

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A state-of-the-art manufacturing plant of Pidilite Speciality Chemicals Bangladesh (PSCBL) was formally commissioned at Bhaluka in Mymensingh on Wednesday, 21 August 2019. Pidilite Speciality Chemicals Bangladesh (PSCBL) is a subsidiary of Pidilite Industries, a leading manufacturer of adhesives, sealants and construction chemicals. This will be PSCBL’s second plant in addition to the existing plant at Munshigonj in Bangladesh. Pidilite began ... Read More »

Northeast: New Online Digital System Hits India-Bangladesh Trade

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Due to introduction of a new online trade management system — Electronic Data Interchange (EDI) – the India-Bangladesh trade through Tripura has been hugely affected for the past two weeks, traders and officials said on Monday. A customs official said that the EDI was introduced on August 5 in all the border trade centers in the Northeastern states along the ... Read More »

Shree Airlines to fly to India, Bangladesh

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The government has granted permission to Shree Airlines to conduct international flights to India and Bangladesh. The Ministry of Culture, Tourism and Civil Aviation (MoCTCA) has allowed Shree to operate flights to Dhaka of Bangladesh and four sectors in India — Delhi, Kolkata, Bangalore and Ahmedabad. Earlier, the Civil Aviation Authority of Nepal (CAAN) had permitted Shree to operate chartered ... Read More »

Blacksmith business revives in Dhaka, Bangladesh as Eid al-Adha approaches

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A blacksmith works on knives at a local market in Dhaka, Bangladesh, Aug. 8, 2019. Blacksmith business here revives as Eid al-Adha, or the Festival of Sacrifice, approaches. (Photo by Salim Reza/Xinhua) Read More »

Red Sea Gateway Terminal to collaborate with Bangladesh shipping ministry

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Saudi Arabia’s Red Sea Gateway Terminal (RSGT) has signed a memorandum of understanding (MoU) with Bangladesh’s ministry of shipping, covering planned investment in multiple port and related infrastructure projects. The agreement also encompasses the sharing of operational expertise for the Bangladeshi maritime sector by RSGT, which is the newest terminal in Jeddah Islamic Port. Chittagong, the primary port of Bangladesh, ... Read More »

Chittagong 64th busiest seaport in the world

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The port handled a total of 2,903,996 TEUs (twenty equivalent units) of containers in 2018 Chittagong Port has moved up six notches in terms of annual throughput of containers in the 2019 Lloyd’s List, world’s oldest journal on port and shipping. Bangladesh’s premium seaport has been ranked the 64th busiest among the top 100 container ports across the world. The ... Read More »

Ending TB in Bangladesh is everyone’s business: Experts

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Experts have called upon all to engage in the process of identifying tuberculosis or TB to find out the missing cases. “It’s everyone’s business, everyone’s responsibility,” Prof Md Shamiul Islam, Line Director of the National TB programme (NTP), said as the government eyes eradicating TB by 2035. It means reduction in the number of TB deaths compared with 2015 will ... Read More »

Explore full trade potentials with Bangladesh: PM

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Prime Minister Sheikh Hasina today invited Chinese business people to explore the full potentials of business and trade relations with Bangladesh as the country is marching ahead in various areas of economic growth and development. “As Bangladesh is marching ahead in various areas of economic growth and development, I invite you to explore the full potentials of business and trade ... Read More »

Bangladesh invents plastic alternative from jute

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AS COUNTRIES around the world try to cut down on throwaway plastic shopping bags, Bangladesh is hoping to cash in on an alternative: plastic-like bags made from jute, the plant fibre used to produce burlap bags. Bangladesh is the world’s second biggest producer of jute after India, though the so-called “golden fibre” – named for its colour and its once-high ... Read More »

India considers giving Bangladesh access to west coast ports

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The Indian government is considering providing Bangladesh with access to its Jawaharlal Nehru and Mundra ports on the country’s west coast. Capable of receiving large mother vessels, the ports are around 2,000km away from Dhaka, Bangladesh’s capital. The connectivity with Bangladesh isn’t expected to require additional finance, as several rail projects between the two Asian countries have already begun, according ... Read More »

Amazon wants to source products from Bangladesh under a new business model

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Under the proposed mode of financial transaction, Bangladeshi exporters have to keep their goods at Amazon warehouses in the USA Amazon, an American e-commerce giant, yesterday formally wanted to source goods from Bangladesh for its global buyers with flexible terms that will require amending a number of regulations on external trade including the foreign exchange regulations. In making the sourcing ... Read More »

Future Enterprises CFO arrested over unpaid customs duties

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Indian federal authorities arrested a top executive at the retail conglomerate Future Group, one of the largest retailers in the country, on customs fraud charges involving more than $2 million of unpaid customs duties on garment imports, a government statement said on Saturday. The Directorate of Revenue Intelligence, part of India’s finance ministry, arrested Dinesh Maheshwari, executive director and chief ... Read More »

More Than 10,000 Wild Animals Seized In Massive Interpol Anti-Smuggling Operation

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More than 10,000 wild animals and their parts were seized in Operation Thunderball, a massive anti-smuggling campaign coordinated by two of the world’s largest enforcement agencies. The operation, conducted by Interpol and the World Customs Organization over 26 days in June, spanned 109 countries and was the “most widespread wildlife crime raid” ever organized, National Geographic reported. Interpol said on ... Read More »

Bangladesh’s VAT rollout confuses consumers and businesses

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DHAKA : Raihan Khan, owner of a small diner selling rice and paratha flatbread dishes in Dhaka, has no idea how to deal with Bangladesh’s rollout of a new value added tax on Monday. “We don’t have a machine,” the bearded restaurateur said, referring to electronic cash registers. “If I hike prices, I have to wrangle with customers.” Khan, whose ... Read More »