US bans imports from dozens of Chinese firms
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...
Tags : import
BPC to buy diesel from India
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...
IMPORT PAYMENTS: BTMA wants extended credit period
The Bangladesh Textile Mills Association has demanded the government to extend the usance period for payments on import of industrial raw materials...
Forex reserve drops to $20b
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...
IMPORTS THRU BENAPOLE PORT: Physical inspection made mandatory for 12 items
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...
Beximco now Tk 1,424 crore loan defaulter at Sonali Bank
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...
LC margins for importing luxury cars reduced 50pc
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...
RMG makers facing banking challenges: study
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...
US trade deficit narrows in Oct as imports fall
The US trade gap narrowed more than expected in October, government data showed Thursday, as imports slipped more than exports...
Govt asks pvt sector to import, sell 3.92 lakh tonnes of rice by Dec 22
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...
Trade deficit narrows to $6.63b in July-Oct
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...
BB extends FE loan tenure for capital machinery imports
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 US market rises
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...
Affected importers given 8 years to repay loans
Importers, who faced losses due to foreign exchange rate spikes, can now repay their loans over a maximum period of eight years...
Govt okays import of 18.80 crore eggs
The government has given permission to import of 18.80 crore eggs through 42 designated firms for stabilising the egg market...
BB relaxes LC margin on imports of essentials for Ramadan
The Bangladesh Bank has relaxed LC margin on import of 11 types of essential commodities whose demand increases during the holy month of Ramadan...
Army to renovate three stadiums
The advisers鈥� council on economic affairs in a meeting on Wednesday approved a proposal from the ministry of youth and sports seeking increase of ceiling on sanctioning fund under the operating budget...
BB to ask banks not to impose LC margin on essentials鈥� import until Ramadan
The Bangladesh Bank is likely to issue a circular on Sunday asking all banks not to impose LC margin on import of essential goods until at least Ramadan.
BTTC suggests waiving import duty on onions
The Bangladesh Trade and Tariff Commission has recommended the National Revenue Board to withdraw the existing 5 per cent customs duty on import of onions to reduce the price of the essential commodity on the local market...
LC opening rises in Sept
The opening of letters of credit for imports rose in September, but it dropped slightly in the July-September period in the financial year 2024-25 compared with that in the same period in the previous year...
BTTC suggests waiving import duty on rice
In response to a sharp fall in rice production caused by recent floods, the Bangladesh Trade and Tariff Commission has recommended removing the current import duty on rice to stabilise supply and prices on the local market...
BB eases rules for commercial import thru contracts
The Bangladesh Bank on Thursday relaxed rules for commercial imports through contracts.
Govt okays import of 4cr more eggs
The Ministry of Commerce has approved the import of 4 crore more eggs to increase supply and make the market stable.
Importers鈥� reluctance may deepen gas crisis
Only two of the 23 companies enlisted with the state-owned Petrobangla for importing gas from the spot market participated in the tender floated on October 7 for importing...
Bangladesh鈥檚 traders propose waiving duties on soybean, palm oil
Edible oil traders of Bangladesh on Tuesday proposed waiving the existing 5% import duty on soybean and palm oil and removing all value-added taxes imposed on producers and traders.
Chinese export growth slows sharply in Sept
China鈥檚 export growth slowed sharply in September while imports remained sluggish, data showed Monday, as authorities wait for recent stimulus measures to perk up weak domestic demand...
NBR halves RD on sugar import
The National Board of Revenue has reduced the regulatory duty on import of refined and raw sugar with the aim of stabilising the sugar price on the local market.
Walton to attend Canton Fair in China
Electronics manufacturer brand Walton will attend the 鈥楥hina Import and Export Fair鈥�, commonly known as Canton Fair for the fourth time...
NBR blocks share transfer by 7 groups
The National Board of Revenue on Wednesday asked the office of the Registrar of Joint Stock Companies and Firms to immediately suspend sales and transfers of shares by seven business groups...
National strategy to curb food losses could minimise import
THE losses incurred by a growing waste of food 鈥� before, during and after the harvest of agricultural produces 鈥� stand to threaten food security. A government study, Estimation of Overall Food Losses and Waste at all Levels of the Food Chain that the horticulture department of the Bangladesh Agricultural University conducted and made public in...