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Search results for: economy

California judge tosses $417m talc cancer verdict against Johnson & Johnson

-- October 23, 2017 01:19:44

A California judge on Friday threw out a $417 million verdict against Johnson & Johnson  in a lawsuit by a woman who claimed she developed ovarian cancer after using its talc-based products l...

Rohingya SIM sale continues unabated defying ban

-- October 22, 2017 21:26:43

A good number of Rohingya people living in makeshift camps in Cox's Bazar have purchased Bangladeshi subscriber identification modules (SIMs), defying a government ban. Sikandar, 22, a Rohingya refug...

Tk 19.1b 'Tantpalli' project on cards

-- October 22, 2017 19:38:58

The government plans to take a Tk 19.11 billion 'Tantpalli' project on 120 acres of land in Madaripur and Shariatpur districts, reports a news agency. "After implementation of the project, one milli...

October 1-13 remittance earnings $566.57 million

-- October 22, 2017 11:29:19

The country received $566.57 million in remittance in the first 13 days of the current month of October. Bangladesh Bank statistics show maximum remittance came through private commercial banks as th...

Credit growth outpaces deposits

Siddique Islam October 22, 2017 10:52:47

Overall deposit growth in the banking sector recorded a falling trend recently while credit growth increased significantly, indicating a strong possibility of a tight liquidity situation in the near f...

NBL arranges training event on prevention of money laundering

FE Online Desk October 22, 2017 10:40:43

National Bank Ltd recently organised a training programme on ‘Prevention of Money Laundering & Combating the Financing of Terrorism’ for nominated officials of all scheduled commercial...

British government borrowing at lowest September level for 10 years

BBC October 22, 2017 10:38:53

Britain saw its smallest budget deficit for any September in the last 10 years, according to official figures. Last month's deficit stood at £5.902 billion, down almost 11 per cent compared wit...

Mercantile Bank arranges event on ‘UDAYAN’

FE Online Desk October 22, 2017 10:20:47

Mercantile Bank Limited (MBL) recently organised a get together with the start-up level entrepreneurs under its new product titled ‘UDAYAN’ held at bank’s Training Institute in the...

Indian agri events in BD in Dec

-- October 21, 2017 23:30:51

An Indian apex trade organisation has chalked out a plan to organise product promotion events in Dhaka and Sylhet in the first week of ensuing December. The organisation called Agricultural and Proce...

Bangladeshis among dead in Malaysia landslide

Reuters October 21, 2017 16:05:31

Three foreign workers including Bangladeshis died and 11 others went missing after a landslide at a construction site in George Town, the capital of northwest Malaysian state of Penang. Authorit...

Green Delta Ins settles claim of Brac Bank SME

FE Online Desk October 21, 2017 11:25:57

Green Delta Insurance held a claim cheque handover ceremony at the head office of the company recently to settle a claim of BRAC Bank SME. Chief Guest of the event was Mr. Md. Shafiqur Rahman Patwary,...

Complexity over commission payment delays Japanese ODA loan release

Rezaul Karim October 21, 2017 09:57:48

Release of nearly US$ 1.64 billion worth of pledged Japanese ODA loans for Bangladesh's six projects is being delayed due to complexity arisen over the payment of bank commission, officials said. "A...

Urgent rice import may widen govt budget deficit

Jasim Uddin Haroon October 21, 2017 00:38:33

An unanticipated hefty spending on government-level rice procurement for food security amid market upswings is set to widen country's budget deficit, sources said. The directorate general of food too...

Oil heads towards for weekly loss on profit-taking

-- October 21, 2017 00:36:39

LONDON, Oct 20 (Reuters): Oil prices fell on Friday and were set for a weekly loss as investors sought to book profits, despite tensions in the Middle East that have slashed supplies of crude. Brent...

16th amendment verdict: Committee formed to file review

-- October 20, 2017 21:11:52

A 11-member committee has been formed led by the Attorney General Mahbubey Alam for filing a review petition against the Supreme Court's 16th amendment verdict, reports UNB. Attorney General Mahbubey...

China posts solid economic growth in Q3

-- October 20, 2017 14:25:37

China posted relatively solid economic growth in the third quarter (Q3), driven by a stronger services industry, data showed on Friday. China’s property sector grew 3.9 per cent in the Q3 from...

NBR exempts physical inspection of export goods until June next

Doulot Akter Mala October 20, 2017 11:42:44

Exporters will be allowed to get duty drawback without physical inspection of goods as the National Board of Revenue (NBR) relaxed a mandatory provision of a law in this regard recently. The exemptio...

5.0m mts petroleum import likely next year

-- October 19, 2017 23:40:13

The government has set a target to import about 5 million metric tonnes of different petroleum fuels for the year 2018 against the country's demand for 5.752 million mts. The remaining 752,000 mts wi...

Govt to provide broadband to every union next year: Joy

-- October 19, 2017 21:53:54

Prime Minister's Information and Communication Technology Affairs Adviser Sajeeb Wazed Joy today expressed the hope that the government will provide high speed broadband internet service to every unio...

Govt hints at reconsidering spectrum conversion fee

-- October 19, 2017 21:23:04

The spectrum conversion fee for technology neutrality of mobile phone operators might be reconsidered ahead of introducing 4G (fourth generation) service in the country in ensuing December. "We are m...

Oil slips but holds most recent gains on expected OPEC cuts

-- October 19, 2017 21:16:36

LONDON, Oct 19 (Reuters): Oil prices slipped on Thursday but held onto most recent gains, supported by OPEC-led supply cuts, tension in the Middle East and lower US production. Brent crude LCOc1 was...

Alliance to leave after May, Accord gets six months more

-- October 19, 2017 21:01:32

Accord and Alliance, the two western buyers' platforms working to improve workplace safety in the Bangladesh readymade garment (RMG) sector, will leave the country at the end of their tenure on May 31...

Thrust on planned housing in rural areas

-- October 19, 2017 20:32:51

Housing and Public Works Minister Mosharraf Hossain has stressed the need for taking initiatives to set up planned housing in rural areas, aiming to protect arable land. "It's learnt that at least 23...

China’s economy grow 6.8pc in Q3

-- October 19, 2017 10:52:47

China’s economy grew at 6.8 per cent in the third quarter year-on-year, down marginally from the previous quarter's 6.9 per cent, government data showed Thursday. The second largest econom...

General imports drop despite higher food importation

Siddique Islam October 19, 2017 10:05:41

The country's overall imports dropped by over 8.0 per cent or US$315.20 million in September despite higher import of food-grains to cool an overheated market. Officials believe a slowdown in the imp...

India’s tightened consumer goods standards could hurt China imports

Reuters October 19, 2017 01:20:46

India is tightening quality controls for consumer and capital goods, officials say, a move that follows calls to curb cheap imports from China amid diplomatic tensions between the world's two most pop...

China’s GDP rises to $12.1t in five years: Xi Jinping

-- October 18, 2017 17:58:09

President Xi Jinping said China has maintained its position as the world’s second largest economy and contributed more than 30 per cent of global economic growth. China’s GDP rose from 54...

China will deepen economic reforms: Xi

Reuters October 18, 2017 14:24:46

China will deepen economic and financial reforms and further open its markets to foreign investors as it looks to move from high-speed to high-quality growth, President Xi Jinping said on Wednesday....

Mastercard holds global risk leadership confce

FE Online Desk October 18, 2017 13:17:26

A group of high officials from Mastercard’s Member Banks and Financial Institutions in Bangladesh recently attended the Mastercard Global Risk Leadership Conference-Asia Pacific at Capella Sento...

Jamuna Bank, Silkways Card ink deal

FE Online Desk October 18, 2017 11:45:23

An agreement was signed between Jamuna Bank and Silkways Card & Printing Ltd.  (Silkcard) recently for Card Personalising Service. Under this agreement, Jamuna Bank will personalise all types...