Tag: export

Bangladesh earns $1.36cr from Hilsa export to India

- Times Report -

Bangladesh government has earned 1.36 crore US dollars from exporting 1,352 tonnes of hilsa fish to India this year so far, Fisheries and Livestock Minister SM Rezaul Karim said Thursday. Hilsa production has doubled in last 12 years and the rate of production is now 90 percent, he said. The minister revealed

Country’s trade deficit widens by 6.0pc

- Times Report -

The country’s trade deficit widened by more than 6.0 percent to $4.56 billion in July-August period from a year ago, according to data from Bangladesh Bank. The trend was also reflected in the current account balance, which fell further into the red, from $439 million in July to $1.5 billion by

CEPZ to get $9.58m Chinese investment in RMG industry

- Times Report -

Ms Intex Link Garments (BD) Limited is going to set up a Garments industry in Chattogram Export Processing Zone (CEPZ) with an investment of US$ 9.58 million. Fully foreign owned this Chinese company will produce annually 61 million pieces of T-shirt, woven pants and jacket, ladies bra and panty, mans' boxer

India to get 3,000 MT hilsha during Durga Puja

- Times Report -

Bangladesh will export around 3,000 tonnes of hilsha to India marking the upcoming holy Durga Puja, the biggest religious festival of the Hindu community, scheduled to be held next month.  “We have been exporting hilsha continuously for the last three years to India as a mark of gesture and relief for

EU carbon policy may hit exports badly

- Anisul Islam, UNB -

The European Union's Carbon Border Adjustment Mechanism (CBAM) through supply chain regulations and trade measures would be a game changer in tackling emissions, experts said. The EU is set to introduce the CBAM, which in effect will make use of trade policy in an unprecedented manner to tackle carbon emissions, they

EDF loans can be repaid in installments: BB

- Times Report -

Bangladesh Bank (BB) has introduced a facility for the exporters to repay the loans taken from its Export Development Fund (EDF) in installments.  From now, the entire loan liability can be repaid in three installments.  The Foreign Exchange Policy Department (FEPD) of BB issued a guideline in this regard on Thursday and

Ananda Shipyard hands over 6100 DWT container ship to UK buyer

- Times Report -

Bangladesh-built 6100 DWT, a high-speed multi-purpose container ship, has completed its technical handover export process to the United Kingdom buyer "Enzian Shipping Company Ltd." The ship has a built-in Ananda Shipyard located at Meghna Ghat of Sonargaon Upazila of Narayanganj, said a press release.  The handing-over ceremony was held today in the

Walton TV expands its business to Georgia

- Times Report -

Walton has expanded its business in the market of Eastern European country Georgia through exporting Smart TV under its own brand name, a press release said.  Through the market expansion of its TV export in Georgia, Walton achieved another milestone towards its vision to become a top global consumers electronics brands. Walton

Legal notice seeks to stop Hilsa export

- Times Report -

A legal notice has been sent to the concerned bodies of the government demanding steps to stop the export of Hilsha fish to India permanently within seven days from the date of receiving the notice. Md Mahmudul Islam, a Supreme Court lawyer, sent the notice on Sunday also warning the government

Lynpers to set up $ 5.7m textile chemical plant in Ishwardi EPZ

- Times Report -

Lynpers Chemical Industries Ltd., a Bangladeshi company, will invest US$ 5.7 million to set up a textile chemical industry in Ishwardi Export Processing Zone (IEPZ), a press release said Sunday. Member (Investment promotion) of BEPZA Ali Reza Mazid and Chairman of Lynpers Chemical Industries Ltd. Md. Rofiqul Islam Mondal signed an