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Search results for: trade

Boeing takes $5b hit from grounding of 737 Max

-- July 19, 2019 12:45:49

Boeing is taking a $4.9 billion hit to cover costs related to the worldwide grounding of its 737 Max aircraft. The charge is set to wipe out profits when the world's biggest planemaker posts quarterl...

US, China officials discuss trade by phone

-- July 19, 2019 11:24:50

US and Chinese officials spoke by telephone on Thursday as the world’s two largest economies seek to end a year-long trade war, with US Treasury Secretary Steven Mnuchin suggesting in-person tal...

Farm credit disbursement crosses target in FY '19

FE Report July 19, 2019 10:15:12

The disbursement of farm credit exceeded the target in the outgoing fiscal year (FY) 2018-19, helped by the central bank's efforts. "We've crossed the agriculture loan disbarment target through stren...

MoC drafts import policy

Talha Bin Habib July 19, 2019 10:05:58

The Ministry of Commerce (MoC) has drafted its next import policy with some changes including repeal of the existing provision of mandatory filling up of the letter of credit (LC) authorisation form b...

Trump’s tariffs trip up all American RV industry

-- July 19, 2019 00:17:12

Carrie Gray points to a stack of unwelcome mail on a conference table at the offices of Renegade RV, one of the leading US manufacturers of high-end recreational vehicles. She's buried in bad news fro...

Iran favours Bitcoin as US sanctions put squeeze on economy

-- July 18, 2019 19:25:04

Iranians feeling the squeeze from US sanctions targeting the Islamic Republic’s ailing economy are increasingly turning to such digital currencies as Bitcoin to make money, prompting alarm in an...

Huawei’s finishes network tests for 5G chipsets

Global Times July 18, 2019 17:48:56

China's official platform to promote 5G research - IMT-2020 5G promotion group, an organisation affiliated with the country's top industry regulator has finished all network tests on Huawei's 5G Balon...

Businesses claim lower turnover to evade VAT: NBR chief

FE Report July 18, 2019 10:12:07

The National Board of Revenue (NBR) Chairman Md Mosharraf Hossain Bhuiyan said most of the businesses are claiming their annual turnover to be lower than Tk 30 million to evade payment of value added...

Dhaka eyes one-fourth of LNG imports from spot market

M Azizur Rahman July 18, 2019 10:05:28

Bangladesh has moved to import one fourth of its total LNG (liquefied natural gas) requirement from spot market to reap the benefits of a downtrend in global LNG prices. "We're working to ensure LNG...

'Flawed corporate guarantee results in defaulted loans'

FE Report July 18, 2019 09:54:11

Bankers and academics at a discussion stressed the need for distinguishing rightly 'corporation' and the 'business group' in Artha Rin Adalat (money loan court) law to help secure bank loans against c...

War risk costs drag on UAE marine fuel sales, benefit Singapore

-- July 17, 2019 22:46:17

Shippers trying to minimize time in the Middle East after oil tanker attacks pushed up insurance costs are scaling back purchases of marine fuels from the United Arab Emirates' (UAE) Fujairah oil hub,...

Ericsson Q2 operating profit matches expectations

-- July 17, 2019 15:31:19

Mobile telecom equipment maker Ericsson reported on Wednesday a rise in line with expectations in second-quarter (Q2) operating earnings helped by strong sales growth in North America. The Swedish fi...

Emirates offers exclusive hotel rates across UAE

FE Online Desk July 17, 2019 12:48:26

Airline giant Emirates has come up with lucrative offers for its passengers travelling to and through Dubai — attractive summer rates in some of the UAE’s most prestigious hotels. Custome...

Confusion grips small traders over VAT exemption

Doulot Akter Mala July 17, 2019 09:52:28

Small businesses that were enjoying package VAT (value-added tax) system until June 30 are in confusion over the provision of the new VAT law on exemption ceiling. As per the law that took effect fro...

Leather industrial estate to be set up in Rajshahi

FE Online Report July 16, 2019 20:20:44

A leather industrial estate is going be set up in Rajshahi soon, official concerned in the government decided in a meeting held over the issue. Chairman of Bangladesh Small and Cottage Industries Cor...

Titas to halt gas supply to Mirpur Wednesday

-- July 16, 2019 19:48:14

Large parts of Mirpur will have to make do without gas on Wednesday as Titas will halt supplies due to transfer of pipelines. In a notice on Tuesday, the state gas supplier and distributor said it wi...

Over 1,700 covered vans registered in Jan-June

FE Online Report July 16, 2019 17:59:42

The number of covered van registration in the country stood at 1,758 in the first six months of the current calendar year alone, according to an official data. Of the total, 1,439 covered vans were r...

Huawei calls for fair policy on 5G in Italy

-- July 16, 2019 13:36:49

China’s Huawei Technologies said it would invest $3.1 billion in Italy over the next three years, as the Chinese telecoms giant called on Rome to ensure the “transparent, efficient and fai...

Dhaka to export 0.1 million tonnes of rice to Manila

FE Report July 16, 2019 10:33:43

The Philippines will import 0.1 million tonnes of rice from Bangladesh, the Ministry of Agriculture said on Monday. The decision came at a meeting between agriculture minister Muhammad Abdur Razzaque...

China to freeze out US cos that sell Taiwan arms

-- July 16, 2019 10:18:07

China’s government and Chinese companies will cut business ties with US firms selling arms to Taiwan, China’s Foreign Ministry said on Monday, declining to give details of the sanctions in...

BD moves to comply with EU REX certification system

Monira Munni July 16, 2019 10:11:11

Bangladesh has initiated a move to comply with the European Union's (EU) Registered Exporter (REX) certification system of origin of goods to retain the GSP (generalised system of preference) facility...

BPC closer to securing $1.2b costlier ITFC loan

Rezaul Karim July 16, 2019 09:56:40

The state-run oil marketing arm BPC is set to receive a costlier loan of US$ 1.20 billion from the International Islamic Trade Finance Corporation (ITFC) to import petroleum products in the calendar y...

Chinese state co shows interest in building longest ever bridge

Mir Mostafizur Rahaman July 16, 2019 09:49:17

A leading state-owned construction company of China has submitted its 'Letter of Interest' to build what will be the longest ever bridge of the country to connect Bhola with Barisal. The government h...

No gas, power to factories outside planned zones: Nasrul

-- July 15, 2019 15:28:46

The government will not provide gas and electricity connections to the factories outside the planned industrial zones. “The decision will go into effect right now,” State Minister for Pow...

Amazon workers in Germany to strike over pay

-- July 15, 2019 11:29:25

Workers at seven Amazon sites across Germany will go on strike over pay for at least two days this week starting on Sunday night going into Monday, labour union Verdi said. The strikes, under the mot...

US firms may restart Huawei sales soon

-- July 15, 2019 10:40:17

The US may approve licenses for companies to re-start new sales to Huawei in as little as two weeks, according to a senior US official, in a sign President Donald Trump's recent effort to ease restric...

SBC covers insurance risk of Bangabandhu Satellite-1

FE Report July 15, 2019 09:47:00

The Sadharan Bima Corporation (SBC) has insured Bangabandhu Satellite-1, the country's first satellite into the earth's orbit, officials said. Under a deal signed with Bangladesh Telecommunication Re...

Huawei plans extensive layoffs at its US operations

-- July 15, 2019 00:08:59

Huawei Technologies Co Ltd is planning extensive layoffs in the United States as the Chinese telecoms equipment company grapples with its US blacklisting, the Wall Street Journal reported, citing peop...

China signs Belt and Road cooperation documents with 18 Arabian countries

-- July 15, 2019 00:08:14

China has signed cooperation documents on jointly building the Belt and Road with 18 Arabian countries, the Ministry of Commerce (MoC) said Friday, reports Xinhua. China-Arab joint efforts to push fo...

S Korea to consider duty-free access of BD products

-- July 14, 2019 20:13:37

South Korean Prime Minister Lee Nak-yon on Sunday assured Bangladesh of considering duty-free quota-free market access for all Bangladeshi products to their market as the bilateral trade is heavily ti...