Dinajpur Correspondent : Import of Indian potatoes through Dinajpur’s Hili land port resumed on September 25 after remaining halted since July 8.Businesses stopped bringing in Indian potatoes for 77 days due to price parity between domestic and imported varieties in the local markets.Import of the vegetable began after the government reduced duties on Indian potatoes from 15 percent to 3 percent, according to the importers of Hili land port.At around 2pm on Wednesday, 47 tonnes of potatoes loaded in two...
Reuters, London : British consumers have grown more gloomy over the past month following the new Labour government’s removal of a welfare benefit for pensioners and warning of tax rises at next month’s budget, a new survey from a trade body showed on Thursday.The British Retail Consortium said households’ assessment of the general economic situation over the next three months sank to -21 in September from -8 in August.This reading – which represents the difference between the percentage of respondents...
Business Report : German logistics company DHL Express has increased its rates by 4.9 percent for the Bangladesh market. The annual adjustment, effective from January 1 of 2025, aims to offset rising operational costs driven by inflation, currency fluctuations and regulatory requirements, the company said in a statement.The price hike will allow continued investment in the company’s logistics network, enhancing its resilience amid ongoing geopolitical and supply chain disruptions, said Md Miarul Haque, country manager of DHL Express Bangladesh.“Despite external...
AFP, Frankfurt : German shoppers are heading into October feeling slightly more optimistic, a key survey showed Thursday, even as the outlook for Europe’s biggest economy remains gloomy.The forward-looking indicator climbed to minus 21.2 points for October, up 0.7 points on a month earlier, according to pollsters GfK and the Nuremberg Institute for Market Decisions (NIM).The survey of around 2,000 people showed a “slight increase” in consumer confidence, NIM consumer expert Rolf Buerkl said, adding however that it did not...
Business Report : PriyoShop, Bangladesh’s leading B2B marketplace and smart distribution partner, is driving significant change in the supply chain landscape for small and medium enterprises (MSMEs) across the country. Committed to streamlining operations and ensuring that brands reach retailers in every corner of Bangladesh, PriyoShop is significantly expanding its operations and establishing itself as a vital force in the local economy. Since its inception, PriyoShop has extended its network to 11 districts, 73 thanas, and 752 routes, enabling connections...
AFP, Beijing : China’s commerce ministry on Wednesday said it “firmly opposes” US plans to ban the sale of connected vehicles incorporating Chinese and Russian technology, citing national security risks. “The US practice has no factual basis, violates the principles of market economy and fair competition, and is a typical protectionist act,” a ministry spokesperson said. The proposed rule is part of President Joe Biden’s hardening approach to the world’s second-biggest economy and comes after an announcement in February of...
Business Report : The 29th annual general meeting of Southeast Bank PLC was held on Wednesday virtually by using digital...
Business Report : The Bangladesh Securities and Exchange Commission (BSEC) ordered the Dhaka Stock Exchange (DSE) to investigate the unusual...
Business Report : The fact-finding mission of the International Monetary Fund (IMF) will ask the National Board of Revenue (NBR)...
UNB, Dhaka : Commerce Adviser Dr Salehuddin Ahmed on Wednesday said the government is working to simplify business and trade conditions. He said this when a delegation from the American Chamber of Commerce in Bangladesh (AmCham) paid a courtesy to him at the secretariat on Wednesday. The commerce adviser emphasised the government’s commitment to easing business and trade, saying, “The government’s objective is to make business and trade easier. Over the past 16 years, no rules and regulations have been...
Business Report : Country’s both the bourses– Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – on Wednesday plunged due to mainly price fall in large-cap securities. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 41.45 points or 0.72 percent to 5,736.51. The DSE 30 Index, comprising blue chips, plunged 14.41 points to finish at 2,095.05. But the DSE Shariah Index (DSES) closed the day with 5.07 points up at 1,293.20. Turnover, a crucial...