Dhaka-Kolkata train starts on Pahela Baishakh

Bangladesh and Indian authorities on March 23 reaffirmed that the much-awaited Dhaka-Kolkata passenger train service will be launched on Pahela Baishakh (April 14). Detail >>

Yarn Price Hike-RMG export growth under threat

For the first time in the country, 69 industrial units in Dhaka and Chittagong export processing zones (EPZ) have introduced workers' associations on the basis of referendums by workers.At the same time, workers of 22 industrial units have voted for not having any trade union body for themselves for yet another year. Detail >>

Dhaka plans to sign FTA with Kuala Lumpur

Foreign adviser foreign Iftekhar Ahmed Chowdhury expressed Dhaka's intention to sign a free trade agreement (FTA) with Kuala Lumpur for fostering bilateral trade and economic cooperation between the two nations. Detail >>

Global giants of gas and oil companies line up for offshore oil, gas hunt

Global giants of gas and oil companies have already showed their interest  to join the hunt for oil and gas in the Bay of Bengal as they bought documents to formally announce their interest for the offshore bidding, officials said March 19. Detail >>

Yarn Price Hike-RMG export growth under threat

The apparels export growth is now under threat on persistent yarn price hike in the local market, according to industry insiders.Detail >>

Local shipbuilder signs deal with International buyer, Opening prospects for Bangladesh

Another Bangladesh shipbuilding company signed a memorandum of understanding yesterday with a Dutch firm to supply eight sea-going ships worth US$87 million.Detail >>

Biman  to buy 8 new aircraft

Biman Bangladesh Airlines Ltd on March 15 signed a memorandum of understanding (MoU) with the US plane maker Boeing to buy 8 new-generation aircraft worth $1.265 billion (equivalent to Tk 8,728 crore). Detail >>

Fuel-cell cars still far from showroom

Work is moving ahead to build a next-generation eco-friendly car running on fuel cells but it will take years to make it commercially viable, the head of auto giant Toyota said recently. Detail >>

Hong based Cathay Pacific to add Dhaka to its freighter network

Cathay Pacific Airways has announced it will add Dhaka to its freighter network with effect from March 11, says a press release.Detail >>

Dollar struggling to  back!

The dollar gains back against other major currencies in Asian trade on March 12 as an overnight rally sparked by central bank action to bolster ailing credit markets ran out of steam, dealers said. Detail >>

Medicine company Novartis again top exporter

Novartis (Bangladesh) Limited has once again become the highest pharmaceutical exporter of the country with its global Sandoz brand products. Detail >>

China likes to invest in textile sector

The Chinese are interested  to invest in Bangladesh textile sector, according to the head of a visiting business delegation from China.Detail >>

Myanmar not accepted Bangladesh request for gas

Myanmar has not accepted  a request to sell gas to Bangladesh to help the country meet its growing energy crisis, saying India and China are its top priorities.
Bangladesh's foreign secretary made the request during a visit Myanmar in February as said by  M. Tamim, special assistant to the chief adviser. Detail >>

Survey: Philippines, Thailand have most corrupt Asian economies
 Bangladesh, Myanmar not in the survey

The Philippines, Thailand, Indonesia and China are among the most corrupt Asian economies, according to results of a regional poll of expatriate businessmen released March 10.
Singapore and Hong Kong retained their rankings as the cleanest economies, the Political and Economic Risk Consultancy (PERC) said. Detail >>

Rupali Bank dropped from privatization list

After two years of deals and negotiations the Advisory Committee on Economic Affairs on March 10 cancelled the process of Rupali Bank sale to Saudi Prince Bandar Bin Mohammed Bin Abdulrahman Al-Saud.Detail >>

Asian currencies mostly up against greenback

HONG KONG, March 9(Sunday): Asian currencies were mostly up against the struggling US dollar amid ongoing concerns about the poor health of the US economy and credit markets. Detail >>

Banks dispute on  Bangladesh Bank’s liquidity calculation

The country's foreign exchange dealers have differed with the central bank's method of calculating liquidity position of banks. Detail >>

Dhaka officially asks Tokyo to lift export ban on mangoes

Dhaka has officially asked Tokyo to lift the ban on export of mangoes from Bangladesh to Japan, raising hopes for local mango growers.
The Bangladesh move came after Japan lifted the export ban on Indian mangoes. India will join the group of the Philippines, Thailand, Brazil and Hawaii to send the fruit to otherwise restricted Japan market.Detail >>

The Foreign investors oppose trade unions in factories

Foreign investors in and around Chittagong Export Processing Zone (CEPZ) have warned that the introduction of trade unions at factory level will hold back further investment in the port city.Detail >>

England’s RMG dyeing company chooses Bangladesh for investment

An UK-based garment dyeing company abandoned its plans to relocate a plant to China, instead building it in Bangladesh, attracted by the lower costs and well developed garment industry. Detail >>

Country’s  jobseekers have scopes in Europe

Bangladesh workers have opportunities in the European job market in the next few years if it does not go by WTO rules, a recent government study finds.

According to the European Commission-funded study on Temporary Movement of Natural Persons (Mode-4), there will be an opportunity of huge employments in the United Kingdom and Poland, as the first one will be the host of the next Olympic games in 2012 and the latter the next World Cup football. Detail >>

Bangladesh company will assemble Mercedes-Benz bus

Rancon Motors, one of the country's leading automobile distributors, is to assemble Mercedes-Benz buses in Bangladesh for the first time, in an attempt to tap the growing demand for luxury buses among the long distance coach companies.Detail >>

High food prices, inflation to continue until 2010

Brussels March 7: The record high food prices and resulting inflation are set to continue until at least 2010, fuelling a "new hunger" across the globe and anarchy on the streets of poorer nations, a top UN official said.Detail >>

Gas crisis halted the plan of power projects at Ctg EPZs

Gas crisis in Chittagong region has created uncertainty over two upcoming power projects in two of the port city's export processing zones (EPZs). Detail >>

Bahrain Air is going to operate flights from Dhaka

Bahrain Air is going to start its inaugural flight from Dhaka on April 2, connecting Bangladesh to the Middle East with yet another airline to share a growing load of air traffic. Detail >>

The world's richest man

Whom do you think the word’s richest man in the world? Bill Gates! Recently, US financier Warren Buffett has overtaken Bill Gates as the world's richest man, according to Forbes annual billionaire's list.Detail >>

$30m investment and 8000 new jobs at Adamjee EPZ by RMG factory

Kwun Tong Apparels, a Hong Kong-based woven apparel factory operating in Adamjee Export Processing Zone, is to invest US$30 million this year creating 8000 new jobs.Detail >>