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Bangladesh

Bangladesh becoming major importer of US nuts

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Bangladesh is progressively becoming an important market for the US’s tree nuts, mainly almond, thanks to the country’s rising income and expanding food and beverage industry, said a report by the US Department of Agriculture (USDA). “Consumers’ attitude towards nut consumption is closely related to socio-economic condition,” said the report, released in the second week of May. As per capita ... Read More »

Smuggled goods seized in Jashore

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Jashore, : A huge quantity of smuggled Indian goods were seized by Border Guard Bangladesh (BGB) from Natun Haat area in the sadar upazila on Tuesday. Tipped off, a team of BGB-49 intercepted a Dhaka-bound bus of ‘Shyamoli Paribahan’ in the afternoon. The team seized 126 mobile phones, clothes, fake jewelry, cosmetics, medicine and spices worth Tk 40.4 lakh, said ... Read More »

Bangladesh Arrests Man for Holding 65 Gold Bars

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One person was arrested by customs officials in Bangladesh after being caught with 65 gold bars, state media reported. The man was taken into custody at Hazrat Shahjalal International Airport in Dhaka. The Deputy Commissioner of Dhaka Custom House Othello Chowdhury told state media, “Gold bars weighing 100gm each were found after searching the body of one Rajib Dewan, 35, ... Read More »

Karachi: Customs foil bid to smuggle mobile phones, gold

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KARACHI : Customs officials on Sunday in two separate operations at the Karachi Airport and foiled bids to smuggle mobile phones and gold, Dunya News reported. According to details, Customs officials recovered 239 mobile phones, batteries, covers and other items worth 3.5 million from the luggage of a passenger returning from Sharjah. In a separate operation, Customs officials recovered 10 ... Read More »

The spoils of trade war: Asia’s winners and losers in US-China clash

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For Bangladeshi garment maker Viyellatex Group, the spiralling trade tensions between China and the United States that have roiled global markets have instead been a boon for business. US tariffs have pushed up the cost of Chinese-made products so buyers have turned to the company, a leading producer in Bangladesh, the world’s second-largest exporter of ready-made garments. “Until recently much ... Read More »

Bangladesh’s Mongla port to get Scanter radars

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Terma has been selected to supply three Scanter 2202 vessel traffic services radars with 18 and 21ft antennas for deployment in three different sites along the Port of Mongla in Bangladesh, the company announced on 14 May. The systems will be operated by the Mongla Port Authority, Harbor and Conservancy Department to monitor traffic in the second busiest seaport in ... Read More »

Rising apparel imports from Bangladesh threaten small garment makers

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Apparel imports increased nearly 47 per cent to $1 billion in 2018-19 (April 2018-February 2019) even as exports fell five per cent, according to data compiled by the Clothing Manufacturers Association of India (CMAI). The surge in imports is mainly due to big retailers opting more for low-cost foreign garments. Imports from Bangladesh, one of the world’s largest apparel exporters, ... Read More »

‘US expects fast growth of trade and investments in Bangladesh’

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US expects fast growth of trade and investments in Bangladesh as business leaders are increasingly expanding their commercial ties and partnerships with the country. “U.S. and Bangladeshi business leaders are increasingly expanding their commercial ties and partnerships, as evidenced by growing trade between our two nations and the strong participation of companies in our trade mission,” said US Acting Assistant ... Read More »

Iran’s Non-Oil Trade With Bangladesh Crosses $110m

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Iran traded 1.46 million tons of non-oil commodities worth $118 million with Bangladesh in the last fiscal year (ended March 20, 2019) to register a 4.53% and 13.89% decline in tonnage and value respectively compared with the year before, the latest data released by the Islamic Republic of Iran Customs Administration show. Iran’s exports to Bangladesh stood at 1.43 million ... Read More »

Infrastructure and energy bind Bangladesh to China

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Bangladesh’s growing energy demands and China’s interest in expanding its horizon across Asia has made the world’s second largest economy a major investor in the deltaic nation. According to the Bangladesh Bank, Bangladesh has received about USD 600 million from China in the first half of the current fiscal year, with major investment flowing into power generation and mega infrastructure. ... Read More »

Entire export-import trade to come under scanning system: Mustafa

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Dhaka, : Finance Minister AHM Mustafa Kamal has said the country’s entire export-import activities will be brought under the scanning system to check tax-dodging and money-laundering. He made the remarks while briefing reporters on the Cabinet Committee on Purchase’s approval of procurement of two scanners with two years of operation and maintenance on Wednesday. He chaired the meeting. The Customs ... Read More »

Chinese man held with 2.8kg gold in Chattogram

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Chattogram: Customs officials arrested a Chinese national with 24 gold bars from Shah Amanat International Airport on Wednesday. The arrestee was identified as Fan Rongui. Nur Uddin Milon, deputy commissioner of Chattogram Customs House, said Fan arrived in the port city from Dubai on a Biman Bangladesh Airlines flight in the morning. A team of customs officials stopped the Chinese ... Read More »

Bangladesh a lucrative destination for investors

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The entry of Japan Tobacco International (JTI) into Bangladesh through its $1.47 billion acquisition of Akij Group’s tobacco business would attract more international investors to the country, said a top official of JTI. “The acquisition should give a strong signal to international investors that Bangladesh is a place to do business and make investment,” said Jorge Da Motta, regional president ... Read More »

Immigration Check-Point Opened In Dhubri To Visit Bangladesh

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DHUBRI: After years of consistent efforts by Necardo, an NGO, an immigration check-point was opened in Dhubri by clearing papers of foreign tourists to visit Bangladesh through the river route from Dhubri recently. Officials of Customs and Immigration check-point for Dhubri district said that it was formally opened on May 1 by clearing papers of immigration of a delegation of ... Read More »

Cyclone Fani halts clinker handling in Bangladesh ports

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The handling of imported clinker and other ports in Bangladesh has been suspended due to bad weather caused by cyclonic storm Fani, which is likely to strike the country’s coast from today. A large number of vessels laden with imported clinker are at outer anchorage of ports to offload cargo. The necessary precaution advice has been sent to all types ... Read More »

Bangladesh’s second LNG FSRU begins supplying gas to the grid

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Dhaka — Bangladesh’s second LNG floating storage and regasification unit started flowing re-gasified LNG to the national gas grid on Monday, doubling the country’s LNG consumption capacity to 1.0 Bcf/d, local officials said late Monday. The official said the country’s two FSRUs flowed around 600,000 Mcf/d in total on Monday, with Summit’s FSRU supplying around 500,000 Mcf/d of the total. ... Read More »

Annual Rs 600 crore worth Indo-Bangladesh stone boulder trade facing deadlock

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Indo Bangladesh cross border trade of stone boulder has come to a halt following hike in import duty by Bangladesh authority. Thousands of stranded loaded trucks in Indian Land Customs Stations(LCS) at Fulbari and Changrabandha have become a major concern for stake holders of the trade in Indian side. We are facing the crisis despite no problem from Indian authority,” ... Read More »

Marriot to open 7 luxury hotels in Bangladesh in next 5 years

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Banking on great success of hotel Le Meridian Dhaka, Marriot International has drawn out plans to open seven new hotels in the capital and other cities in next five years to firm its grip on the country’s growing luxury hospitality industry. At least 2,000 trained staffs would be chosen from home and abroad to operate the hotels, said general manager ... Read More »

Bangladesh-Indonesia trade to expand fivefold in ten years: experts

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Bilateral trade between Bangladesh and Indonesia would increase by fivefold to around $10 billion in next 10 years as the trade between the two countries grew by 48 per cent in 2014-2018, said experts. They came up with the prediction while addressing at a discussion titled ‘Indonesia-Bangladesh Business and Investment Forum’ at International Convention City, Bashundhara in Dhaka. The discussion ... Read More »

Nearly 6kgs gold seized from Dhaka, Chattogram airports

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Almost six kilogrammes of gold were seized from Dhaka’s Shahjalal International Airport and Chattogram’s Shah Amanat International Airport. Based on a tip, a team of Dhaka Customs House raided a lavatory near the boarding bridge No. 8 of the airport and found four gold bars, weighing one kg each, Othello Chowdhury, deputy commissioner of Dhaka Customs House, told The Daily ... Read More »