Bangladesh’s ready-made garment (RMG) sector is facing mounting fears that around 1,000 garment factories could be severely impacted by the 37 percent tariff on exports to the US market. Industry leaders have raised concerns that if the tariff is not completely withdrawn, the sector could be burdened with an average $250 million in tariffs every ...more

Nobel laureate and renowned American economist Paul Krugman has strongly criticized the US’s decision to impose high tariffs on Bangladeshi clothing. In an interview with The New York Times, Krugman argued that such a move would disrupt the lives of American consumers, without necessarily achieving the goals that the Trump administration claims it will. According ...more

Recently, US President Donald Trump imposed tariffs ranging from a maximum of 49 percent to a minimum of 10 percent on various countries. In that case, another 37 percent has been added to the previous 15.5 percent on Bangladeshi products. On the other hand, the tariffs imposed on China, India, Pakistan, Vietnam, Sri Lanka and ...more

Though a rumour spread online and offline a few days back that the government of Saudi Arabia had not been issuing Umrah visas for Bangladeshi pilgrims due to a worsening relation between the country, the reality is that the accommodation crisis in the two holy cities-Makkah and Madina, the Middle-East county forced the authority to ...more

On Friday, the U.S. State Department imposed sanctions on an unspecified number of current and former Thai officials for their involvement in the deportation of at least 40 Uyghur men to China, despite concerns that they could face imprisonment or even death.Secretary of State Marco Rubio announced the immediate imposition of visa restrictions on those ...more

United Nations Secretary-General António Guterres is set to arrive in Dhaka tomorrow afternoon on a four-day official visit at the invitation of Chief Adviser Professor Dr Muhammad Yunus.An Emirates flight (EK-586) carrying Guterres will be landed at Hazrat Shahjalal International Airport (HSIA) at 5:00 pm tomorrow, official sources said here yesterday. Upon arrival, he will be received ...more

The United Nations (UN) rights office has called upon the interim government to take urgent measures to freeze and seize assets amused through loan embezzlement and graft schemes in Bangladesh."Take urgent measures, using existing legislation, to freeze and seize assets linked to ill-gotten gains from loan embezzlement and other large-scale corruption schemes," the UN agency ...more

China has expressed its keenness to import 'Hilsa', the national fish and silver pride of Bangladesh. Chinese ambassador in Dhaka Yao Wen yesterday showed the interest while meeting with Commerce Adviser Sk. Bashir Uddin at Bangladesh secretariat in the city, said a press release. During the meeting, they discussed in detail the development of bilateral relations and ...more

Foreign Affairs Adviser Md Touhid Hossain’s planned visit to China is set to “strengthen the deep understanding, friendship, and vibrant partnership” shared by both nations, signaling a “renewed commitment” to advancing their strategic cooperation. Bangladesh and China expressed optimism that the Foreign Adviser’s visit will pave the way for a “new chapter of cooperation” between Bangladesh ...more

India’s foreign exchange reserves fell for the fourth consecutive week and stood at an eight-month low of $640.28 billion, as of Dec. 27, data from the Reserve Bank of India showed on Friday.The reserves declined by $4.1 billion in the reported week, after falling by a cumulative $13.7 billion in the prior three weeks.Changes in ...more