Search results for: trade

Warning against burdening banks

FE Report June 25, 2018 00:10:59

The financial sector of Bangladesh has developed a dangerous notion called 'mismatch of maturity', as short-term deposits are used for financing long-term investment here, eminent economist Dr. Rehman...

BCS leaders for withdrawal of proposed VAT on computers, spares

FE Online Report June 24, 2018 21:08:22

Leaders of Bangladesh Computer Samity (BCS) on Sunday demanded continuation of exemption of VAT (Value Added Tax) on computers and spares. They also urged the government to withdraw the proposed VAT...

Potentials of light engineering industries stressed

-- June 24, 2018 18:07:37

Speakers at seminar on Sunday stressed the need for taking time-befitting work plans and implementing those for utilising the huge potentials of light engineering industries in the country. If invest...

AIBL conducts workshop on prevention of money laundering

FE Online Desk June 24, 2018 15:33:42

Al-Arafah Islami Bank Limited (AIBL) has conducted a day-long workshop on ‘Prevention of Money Laundering and Combating Financing of Terrorism’ at its Training and Research Institute. Md...

Australian banks face rural lending reckoning

-- June 24, 2018 13:35:55

Australian potato farmer Tom Fox says he had never missed a bank payment in two decades before a delay sending a shipment to Indonesia during a trade dispute between the countries prompted his lender...

Saudi pledges 'measurable' oil supply boost

-- June 24, 2018 10:51:30

OPEC agreed with Russia and other oil-producing allies on Saturday to raise output from July, with Saudi Arabia pledging a “measurable” supply boost but giving no specific numbers. The Or...

Slow progress in RMG remedial work to top agenda in Brussels meeting

Monira Munni June 24, 2018 10:38:59

Slow progress in remedial work in apparel units will be high on the agenda at the next Sustainability Compact meeting, people involved with the process said. The labour rights issues will also domina...

188 exporters to get CIP status

Talha Bin Habib June 24, 2018 10:34:49

The government has decided to award the commercially important person (CIP) status to over 180 people for their contribution to exports, a senior official said. The Export Promotion Bureau (EPB) of t...

SDG agenda progress up for review next month

Rezaul Karim June 24, 2018 10:22:06

The government is set to review the progress in attainment of sustainable development goals (SDGs) next month, officials said. The progress in the development agenda implementation will come up for r...

EU to respond to any US auto tariff move

-- June 24, 2018 10:10:10

The European Union will respond to any US move to raise tariffs on cars made in the bloc, a senior European Commission official said, the latest comments in an escalating trade row. US President Dona...

Final design for second oil refinery next month

FE Report June 24, 2018 09:52:02

French oil and gas sector management company Technip would finalise design for building the country's second crude oil refinery next month, a senior official said on Saturday. Technip had submitted a...

Korean businesses show interest about BD leather goods

-- June 23, 2018 21:47:22

Korean businesses have showed their interest about the leather goods and ceramic commodities of Bangladesh. Bangladesh Embassy in Seoul on Saturday said Korean businesses showed the interest while th...

Paddy price rises as tariffs on rice imports loom

-- June 23, 2018 14:59:56

The price of paddy has begun to rise in anticipation of the tariffs to be reintroduced on rice imports in the government’s budget for the coming fiscal year. The impact of the tariffs has yet t...

Islami Bank inaugurates Banasree branch

FE Online Desk June 23, 2018 14:50:33

Islami Bank Bangladesh Limited (IBBL) has opened its 334th branch at South Banasree area in the capital. Md Mahbub ul Alam, Managing Director and CEO of the bank inaugurated the branch today (Saturda...

Bitcoin hits record low in persistent bearish trend

-- June 23, 2018 14:15:49

Bitcoin dropped to a more than four-month low on Friday, So far in 2018, it has fallen nearly 56 per cent, continuing a downtrend after more negative headlines. Japan’s financial regulator or...

DAE Ctg office suspends issuance of import permits

Our Correspondent June 23, 2018 12:47:28

Issuance of import permits (IP) from the office of Department of Agriculture Extension (DAE) in Chattogram has been suspended due to alleged corruption of its officials and employees. The importers...

Trump tariffs could run European convertibles off US roads

-- June 23, 2018 11:49:39

In the years before he became president of the United States, Donald Trump owned luxury German cars. Now, pricey European convertibles are among the vehicles that could become rare on American roads i...

Bangladesh conducts fair in Thailand

-- June 23, 2018 11:29:11

The Bangladesh embassy in Thailand has for the first time showcased the country’s development successes in a two-day exhibition in Bangkok. Bangladesh’s sustained growth and development s...

ADB to provide $300m for infrastructure projects

Syful Islam June 23, 2018 10:50:38

The Asian Development Bank (ADB) is set to provide US$300 million to state-run Bangladesh Infrastructure Finance Fund Limited (BIFFL) to catalyse long-term infrastructure project finance. The BIFFL w...

Trump threatens EU with steep auto tariffs

Reuters June 23, 2018 10:47:41

President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 per cent tariff on all US imports of European Union-assembled cars. Trump posted his threat on Twitter...

Insurers' life fund declines 6.0pc in ‘17

Jasim Uddin Haroon June 23, 2018 10:14:21

The "life fund" of all the 32 life insurers shrank by nearly 6.0 per cent in calendar year 2017, revealed a report. The financial institutions division under the finance ministry prepared the report....

BR automation move suffers on anomalies, manpower shortage

FHM Humayan Kabir June 23, 2018 10:03:03

The automation and reform initiatives of the Bangladesh Railway (BR) have faced a setback due to large-scale anomalies in implementation of the project concerned and shortage of required manpower, ins...

Singapore Airlines to shift planes from SilkAir to budget arm Scoot

-- June 22, 2018 22:00:57

SINGAPORE, June 21 (Reuters): Singapore Airlines Ltd said on Thursday it expected to transfer some jets from its SilkAir regional airline to budget carrier Scoot allowing it to compete more effectivel...

US threatens veto against slow WTO rulings

-- June 22, 2018 21:34:34

The United States told the World Trade Organisation on Friday that appeals rulings can be vetoed if they take longer than the allowed 90 days. US Ambassador to WTO Dennis Shea gave the message of his...

BIMSTEC summit likely on Aug 30-31

Mir Mostafizur Rahaman June 22, 2018 14:47:05

The fourth summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is likely to be held in Kathmandu on August 30-31. All the seven member states have a...

EU tariffs on US goods come into force

-- June 22, 2018 13:55:34

The European Union (EU) has introduced retaliatory tariffs on US goods as a top official launched a fresh attack on President Donald Trump's trade policy. The duties on €2.8 billion (£2.4...

Govt extends deadline for remediation of RMG units

FE Report June 22, 2018 13:17:55

The government has extended the deadline for completing the remediation work in garment factories, inspected under national initiative, up to December 2018. State minister for labour Mujibul Haque Ch...

Why companies need older workers

Reuters June 22, 2018 13:14:24

The demographic trend is no secret: the populations of the United States and other major industrial countries are getting older, and fast. That means workforces are aging too, but employers are doing...

FBCCI seeks withdrawal of VAT from IT-based service sector

FF Report June 22, 2018 13:08:45

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged the government to withdraw value added tax (VAT) from the IT-based service sector. The call came at a meeting of the FBCCI...

OPEC strives for deal to raise oil output as Iran resists

-- June 22, 2018 12:28:37

OPEC scrambled on Thursday to agree on raising oil output, with Saudi Arabia warning of shortages but Iran holding out against a deal amid the prospect of lower exports due to US sanctions on Tehran....