Representational image. | New Age file photo The Bangladesh Bank has instructed all scheduled banks not to open letters of credit or process telegraphic transfers for the import of dietary and related supplements without prior approval from the Directorate General of Drug Administration. The directive was issued on Wednesday through a...Read More

Commerce and Industry Minister Piyush Goyal said that year-on-year export from India has risen in the first three weeks of April 2026 despite an ongoing West Asia, with goods being rerouted and the strait of Hormuz still a challenge. The Minister recently held a monthly meeting with exporters, who he described as “enthusiastic” despite the...Read More

Africa’s fertilizer sector could see a ripple effect as U.S. Senator Roger Marshall of Kansas pushes legislation to remove countervailing duties on phosphate imports from Morocco, potentially unlocking cheaper supply for American farmers and boosting demand for Moroccan exports. The bill is cosponsored by Senators Chuck Grassley (R-Iowa), Cindy Hyde-Smith (R-Mississippi), and Joni...Read More

Muktadir for formalizing jewellery sector to tap $14b export potential Commerce Minister Khandakar Abdul Muktadir. File photo DHAKA, April 29, 2026 (BSS) – Commerce Minister Khandakar Abdul Muktadir today stressed the need to bring the country’s gold and jewellery sector under the formal economy to unlock an estimated export potential of $12-14 billion. “Bangladesh possesses...Read More

BEIJING: China’s Sinopec Corp said on Wednesday its refineries cut production by around 7.6 percentage points on an annualised basis in the first quarter of 2026, with utilisation rates averaging around 83 per cent. Formerly known as China Petroleum & Chemical Corp, Sinopec’s ethylene utilisation rate stood at 89 per cent in the first quarter,...Read More

In a much anticipated step, Ukraine is opening up its arms exports to global markets, President Volodymyr Zelenskyy announced on Tuesday evening. ADVERTISEMENT ADVERTISEMENT “The export of Ukrainian weapons will become a reality, we have approved all the details at the level of our state institutions,” Zelenskyy said in a statement. “Currently, our security expertise...Read More