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Search results for: trade

Flour prices may go up in local market

Flour prices may go up in local market

Yasir Wardad 2022-05-15 08:32:28

The ban on wheat export from India is likely to make flour pricier in the local market than the existing levels unless the essential commodity can be imported under India's 'neighbouring country prefe...

World Fashion Convention to be held in Dhaka in November

World Fashion Convention to be held in Dhaka in November

-- 2022-05-14 20:29:06

37th IAF World Fashion Convention will be held in Dhaka in November this year. The International Apparel Federation (IAF) will host the Convention in collaboration with the Bangladesh Garment Manufac...

Edible oil market: ‘Instability’ persists in parts of supply chain

Edible oil market: ‘Instability’ persists in parts of supply chain

-- 2022-05-14 19:11:20

Traders are watching the market cautiously with “instability” persistent in parts of the supply chain after a price hike amid a shortage. Consumers are also guarded, leading to a fall in...

India’s ban on wheat export not to affect Bangladesh, says secretary

India’s ban on wheat export not to affect Bangladesh, says secretary

-- 2022-05-14 18:56:39

India’s ban on the export of wheat will not affect Bangladesh’s contract for 300,000 metric tonnes (MT) of wheat for import. Secretary to the Food Ministry Mosammat Nazmunara Khanum said...

Dubious dotcoms 9,689 clients get Tk 1.0b refund so far

Dubious dotcoms 9,689 clients get Tk 1.0b refund so far

FE REPORT 2022-05-14 10:32:19

Thirteen crisis-ridden e-commerce companies have refunded an estimated Tk 1.0 billion to 9,689 affected customers to date, according to the commerce ministry. The amount has been reimbursed through...

Chittagong Port Authority yet to get total land needed for Bay Terminal

Chittagong Port Authority yet to get total land needed for Bay Terminal

NAZIMUDDIN SHYAMOL 2022-05-14 10:02:00

CHATTOGRAM: The Chittagong Port Authority (CPA) is yet to get the total amount of land it needs to construct Bay Terminal, which, once constructed will increase significantly Chittagong Port's contain...

Largest urea plant project gets impetus

Largest urea plant project gets impetus

JUBAIR HASAN 2022-05-14 09:42:40

The development activities for building the country's largest urea fertiliser plant in Narsingdi finally got momentum after the Covid-19 pandemic. The under-construction Ghorashal Palash Urea Ferti...

Irregularities, delay affect govt child home project

Irregularities, delay affect govt child home project

FHM HUMAYAN KABIR 2022-05-14 09:39:58

The Department of Social Services (DSS) has kept aside Tk 48,600 as monthly salary for an office helper (peon) at its child home project, insiders said. Besides, it has proposed Tk 35,760 salary pe...

Transition to cashless economy accelerates on e-transaction boom

Transition to cashless economy accelerates on e-transaction boom

JASIM UDDIN HAROON 2022-05-14 09:03:33

Transition to cashless economy in Bangladesh continues to gather pace after the pandemic induced a massive shift to digital shopping and payments, experts say. However, they see this most modern mo...

EU presses Bangladesh on labour issues

EU presses Bangladesh on labour issues

SYFUL ISLAM 2022-05-14 08:43:09

Fulfilling the commitments on labour-rights issues under the National Action Plan on Labour Sector is urgent for Bangladesh to access the GSP Plus trade facility, the European Commission reminds. M...

Bitcoin set for record losing streak after 'stablecoin' collapse

Bitcoin set for record losing streak after 'stablecoin' collapse

-- 2022-05-13 20:01:04

Cryptocurrencies nursed large losses on Friday, with bitcoin back above $30,000 and but still set for a record losing streak after the collapse of TerraUSD, a so-called stablecoin, rippled through cry...

$44-billion Twitter deal temporarily on hold, says Musk

$44-billion Twitter deal temporarily on hold, says Musk

-- 2022-05-13 16:38:18

Elon Musk said on Friday his $44-billion deal for Twitter Inc was temporarily on hold, citing pending details on spam and fake accounts, news agency Reuters reported. "Twitter deal temporarily on...

Liquid milk, eggs, onion get costlier

Liquid milk, eggs, onion get costlier

YASIR WARDAD 2022-05-13 13:59:58

Prices of milk, eggs and onion increased notably at the end of this week, adding sufferings to the consumers who are already battered with the rocketing trend of edible oil and other essentials. Few...

Govt entities should coordinate for OSH, experts tell CPD-ILO event in city

Govt entities should coordinate for OSH, experts tell CPD-ILO event in city

-- 2022-05-13 09:32:29

Effective coordination among multiple agencies that share responsibilities for occupational safety and health (OSH) in industries is a must to avoid overlapping, negative impacts caused by different...

Edible oil hoarding: Tougher govt steps from next week

Edible oil hoarding: Tougher govt steps from next week

FE REPORT 2022-05-13 09:23:30

The government will launch a tougher crackdown against illegal hoarders of edible oil from next week to help restore stability in the cooking oil market that has been volatile for the last three weeks...

Bangladesh to expand LNG sourcing amid energy dearth

Bangladesh to expand LNG sourcing amid energy dearth

M AZIZUR RAHMAN 2022-05-13 08:53:19

Bangladesh opts to expand LNG sourcing amid a global dearth and already invited newer suppliers to buy the fuel at competitive prices, sources say. The government has invited global liquefied natural...

Growing export-import creating demands for more containers, says BGMEA

Growing export-import creating demands for more containers, says BGMEA

-- 2022-05-12 21:06:57

Bangladesh garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan has said the volume of Bangladesh's export-import is increasing, creating demand for more containers to make...

DCCI seeks Philippines’ investment in healthcare, tourism sectors

DCCI seeks Philippines’ investment in healthcare, tourism sectors

-- 2022-05-12 18:32:48

Dhaka Chamber of Commerce & Industry (DCCI) has urged the Philippines to invest in Bangladesh's hospitality, healthcare and tourism sectors. DCCI leaders said that the Philippines made incredible...

Apple loses position as most valuable firm amid tech sell-off

Apple loses position as most valuable firm amid tech sell-off

-- 2022-05-12 11:11:51

Apple has lost its position as the world's most valuable company amid a broad sell-off of technology stocks. Saudi Arabian oil and gas producer Aramco has reclaimed the top spot from the iPho...

TCB sales drive starts May 16

TCB sales drive starts May 16

FE REPORT 2022-05-12 08:37:31

The government is set to launch a countrywide truck sale of key essential items on May 16 to keep prices within people's purchasing power, officials say. The state-owned Trading Corporation of Bangla...

Fisheries ministry seeks 25pc cash incentive on chilled fish export

Fisheries ministry seeks 25pc cash incentive on chilled fish export

FE REPORT 2022-05-12 08:33:03

The Ministry of Fisheries and Livestock has requested the commerce ministry to take necessary steps to provide a 25-per cent cash incentive on the export of chilled fish, officials said. In January l...

BBA board members for going slow with the plan

BBA board members for going slow with the plan

MUNIMA SULTANA 2022-05-12 08:30:56

The board members of Bangladesh Bridge Authority (BBA) have proposed to go slow with the plan to develop a subway network in Dhaka city, aiming to relieve the commuters of construction-related hazards...

Chiefs of three bodies barred from board of subsidiary

Chiefs of three bodies barred from board of subsidiary

FE REPORT 2022-05-12 08:19:08

Chairmen of three top policy-making committees of any bank will not be able to hold any post of its subsidiary company or foundation. The central bank of Bangladesh imposed the restriction in a circu...

Corporates hesitant to confide docs to CAs

Corporates hesitant to confide docs to CAs

DOULOT AKTER MALA 2022-05-12 08:11:48

Corporate taxpayers appear hesitant about providing necessary financial documents to the chartered accountants for verification, slowing tax-return submission and causing evasion by many. All of th...

Canada wants to popularise canola oil, alternative to soybean, in Bangladesh

Canada wants to popularise canola oil, alternative to soybean, in Bangladesh

-- 2022-05-11 22:12:18

Canada has proposed to sell canola oil to Bangladesh as an alternative to soybean oil amid a shortage driven by the Russia-Ukraine war. Canadian High Commissioner Lilly Nicholls discussed the proposa...

BGMEA urges Aldi to explore more business prospects with Bangladeshi suppliers

BGMEA urges Aldi to explore more business prospects with Bangladeshi suppliers

FE ONLINE DESK 2022-05-11 20:11:06

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Wednesday asked Aldi to explore further business prospects with Bangladeshi suppliers. The trade body also urged the German-based...

Deal signed to conduct study on establishing virtual marketplace for RMG

Deal signed to conduct study on establishing virtual marketplace for RMG

-- 2022-05-11 17:42:54

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has signed an agreement with LightCastle Partners for conducting a feasibility study on “Establishing a Virtual Marketplace Pla...

Bangladesh emerges as lucrative apparel sourcing destination

Bangladesh emerges as lucrative apparel sourcing destination

FE REPORT 2022-05-11 10:32:01

With improved safety, compliance and Covid-recovery situation, Bangladesh has been a lucrative destination for global apparel buyers and retailers. The local readymade garment industry has also enhan...

JS rail body seeks to go abroad to see development

JS rail body seeks to go abroad to see development

MUNIMA SULTANA 2022-05-11 09:17:26

Members of the parliamentary standing committee on railways ministry intend to visit different countries to see railway-sector development in order to play their roles as a watchdog. The proposal for...

Single point mooring project's cost goes up for 3rd time

Single point mooring project's cost goes up for 3rd time

FE REPORT 2022-05-11 09:15:53

The government has revised the single- point mooring (SPM) double pipeline-installation project for a third time, extending the cost by 53 per cent to Tk 71.24 billion from the original estimation....