The government is mulling to reopen some closed state-owned industries including the newsprint and the hardboard mills in Khulna, in partnership with foreign or local investors, Industries Minister Amir Hossain Amu said on Saturday. “The government is now discussing with foreign investors to make them invest here to reopen some closed industries utilising new technologies as those units are not in state of running by using local raw materials,” the minister added, reports the Daily Sun. Besides restarting newsprint and hardboa...

Indian exporters are under deep trouble following tussle between two major political powers in Bangladesh that has pulled down export volume between the two major south Asian trade partners to rock bottom. Pushed to a difficult corner, exporters have urged the Union Ministry of Commerce to persuade for a diplomatic level initiative into the matter. The crisis has taken a grave shape at Indian Mahadipur Land Customs Station in Maldaha District of West Bengal that has Sona Masjid Land Port at its Bangladesh side. "Due to political unrest there, ...

Country's foreign currency reserves reached a new high yesterday, hitting $22.46 billion on the back of resurgence in exports in the past couple of months. Last month, exports raked in $2.84 billion, up 4.41 percent year-on-year, according to an official from the commerce ministry, whose sub-division Export Promotion Bureau logs in export data. Exports raked in $2.42 billion in November last year. December’s figure takes the total export earnings in the first half of fiscal 2014-15 to $14.91 billion, a slight improvement of 1.56 percent...