Friday , November 15 2019
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Bangladesh

Benapole Customs gold theft: Inspector, 4 others suspended

The Special Branch (SB) of Police has temporarily suspended a customs inspector and a sentry over the theft of 19kg of gold from the Benapole Customs House vault. The suspension order was issued around 11pm on Monday. At the same time, three personal assistants at the Customs house have also been detained. The suspended are- Inspector Sahibul Sardar and Sipahi ... Read More »

Inheritance rights of women and Shariah law: the case of Bangladesh

The legal system of Bangladesh has evolved from a combination of indigenous, Moghul and English legal practices. 89% of Bangladesh’s population are Muslim. In protecting the rights of Muslim women in Bangladesh, the country follows nonreligious secular legal practices, embodied in general laws such as the penal code of 1860 and the civil and criminal procedure codes of 1908 and ... Read More »

NBR aims to cut export-import process completion time to 1-2 days in 3yrs

The National Board of Revenue has set a target of reducing the time for completing import procedures to two days and that for export procedures to one day by 2022. On average, releasing imported goods currently takes eight days while it takes five days for completing export procedures at ports. The revenue board has set the target under the National ... Read More »

1,500 tons of onions start entering Bangladesh from India

A consignment of around 1,500 tons of onion loaded in 60 trucks has started entering Bangladesh from India. The onion-laden trucks began to enter Bangladesh around 12:30pm on Friday, confirmed Secretary of Indian Hili Exporters and Customs Clearing Agent Association, Sanjit Kumar Majumder. On September 29, the Indian government banned the export of onion with immediate effect till further order ... Read More »

Chittagong bars Cosco ships due to customs license issue

The Chittagong Customs House has suspended the license of Continental Traders, the local agent of COSCO Shipping, a move that could cause significant disruptions to the Chinese state-run container carrier’s operations in Bangladesh. Read More »

‘Customs won’t release casino equipment’

The Ministry of Commerce will examine all documents relating to import of casino equipment through eight consignments in the last couple of years, a top trade official at the ministry says. The ministry has also initiated a review process on the current Import Policy Order (IPO) 2015-2018 that allows import of casino equipment. The ministry held a discussion yesterday to ... Read More »

No response from Facebook, Google, YouTube

The government has failed to bring Facebook, Google, YouTube and other digital platforms under its tax network three months after the new VAT law came into effect. The new VAT law, which took effect on July 1, made it mandatory for the tech giants to either set up offices in Bangladesh or appoint agents such that the government can collect ... Read More »

US to continue supporting Bangladesh in tackling money laundering

US Ambassador Earl Miller today said his country is committed to supporting Bangladesh in its efforts to tackle money laundering, terrorism financing, and strengthening the rule of law. “We share a common goal of preventing terrorism by identifying and choking off financial support for terrorists and their organisations,” he said while inaugurating a workshop titled ‘Investigating and Prosecuting Financial Crimes’ ... Read More »

India Bangladesh coastal shipping pact may be thrown open to larger ships

India is seeking to remove the size restriction on vessels plying between India and Bangladesh under the coastal shipping agreement signed between the two neighbours in June 2015 as the pact comes up for renewal next year. The coastal shipping pact currently permits vessels of up to 6,000 gross tonnage (GT) to ply due to size restrictions mandated by the ... Read More »

Bangladesh cuts mobile internet access in Rohingya camps

Bangladesh cut access to 3G and 4G internet in Rohingya camps yesterday, in a further clampdown on communications among the refugees as Dhaka grows increasingly frustrated with failed attempts to repatriate them back to Myanmar. Despite an agreement between the two countries in November 2017 to send back the Rohingya, virtually none of the 740,000 who fled Myanmar following an ... Read More »

Spinners strike as Bangladesh dent Afghanistan

Taijul Islam removed the openers while Mahmudullah picked a wicket at the stroke of lunch as Bangladesh restricted Afghanistan to 77-3 in the first session of the one-off Test on Thursday. Taijul bowled opener Ihsanullah Janat for nine and became the fastest Bangladeshi bowler to reach 100 Test wickets after Afghanistan skipper Rashid Khan won the toss and elected to ... Read More »

Trade War Pushes Garment Companies Back to Bangladesh

DHAKA, Bangladesh—The trade war between the U.S. and China has led many fashion brands to shift production to spots across Asia, including to Bangladesh, where safety issues persist years after two workplace accidents killed more than 1,000 workers. Read More »

Bangladesh apparel exporters, EPB official say India’s concerns ‘unrealistic’

India’s actual concern lies in Bangladesh’s rise as readymade garment exporter, the Bangladeshi businesses have alleged. An Export Promotion Bureau or EPB official has also brushed aside as “unrealistic” recent reports on India’s Directorate of Revenue Intelligence sounding an alarm over such alleged practices. The DRI asked the customs wing to look carefully into the origin certificates issued for such ... Read More »

Customs told to keep an eye on garments imported via Bangladesh

The Directorate of Revenue Intelligence has sounded an alarm over garments being imported through Bangladesh from other countries to take advantage of duty concessions offered under a free-trade pact. The DRI has asked the customs wing to look carefully at the origin certificates issued for such consignments by Bangladesh trade bodies. “There is concern over growing cheap imports from third ... Read More »

Pidilite Industries commissions second manufacturing facility in Bangladesh

A state-of-the-art manufacturing plant of Pidilite Speciality Chemicals Bangladesh (PSCBL) was formally commissioned at Bhaluka in Mymensingh on Wednesday, 21 August 2019. Pidilite Speciality Chemicals Bangladesh (PSCBL) is a subsidiary of Pidilite Industries, a leading manufacturer of adhesives, sealants and construction chemicals. This will be PSCBL’s second plant in addition to the existing plant at Munshigonj in Bangladesh. Pidilite began ... Read More »

Northeast: New Online Digital System Hits India-Bangladesh Trade

Due to introduction of a new online trade management system — Electronic Data Interchange (EDI) – the India-Bangladesh trade through Tripura has been hugely affected for the past two weeks, traders and officials said on Monday. A customs official said that the EDI was introduced on August 5 in all the border trade centers in the Northeastern states along the ... Read More »

Shree Airlines to fly to India, Bangladesh

The government has granted permission to Shree Airlines to conduct international flights to India and Bangladesh. The Ministry of Culture, Tourism and Civil Aviation (MoCTCA) has allowed Shree to operate flights to Dhaka of Bangladesh and four sectors in India — Delhi, Kolkata, Bangalore and Ahmedabad. Earlier, the Civil Aviation Authority of Nepal (CAAN) had permitted Shree to operate chartered ... Read More »

Blacksmith business revives in Dhaka, Bangladesh as Eid al-Adha approaches

A blacksmith works on knives at a local market in Dhaka, Bangladesh, Aug. 8, 2019. Blacksmith business here revives as Eid al-Adha, or the Festival of Sacrifice, approaches. (Photo by Salim Reza/Xinhua) Read More »

Red Sea Gateway Terminal to collaborate with Bangladesh shipping ministry

Saudi Arabia’s Red Sea Gateway Terminal (RSGT) has signed a memorandum of understanding (MoU) with Bangladesh’s ministry of shipping, covering planned investment in multiple port and related infrastructure projects. The agreement also encompasses the sharing of operational expertise for the Bangladeshi maritime sector by RSGT, which is the newest terminal in Jeddah Islamic Port. Chittagong, the primary port of Bangladesh, ... Read More »

Chittagong 64th busiest seaport in the world

The port handled a total of 2,903,996 TEUs (twenty equivalent units) of containers in 2018 Chittagong Port has moved up six notches in terms of annual throughput of containers in the 2019 Lloyd’s List, world’s oldest journal on port and shipping. Bangladesh’s premium seaport has been ranked the 64th busiest among the top 100 container ports across the world. The ... Read More »