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Search results for: trade

Female workers' migration surge 79.40pc in Jan-July

Female workers' migration surge 79.40pc in Jan-July

FE REPORT 2022-08-11 09:03:27

The outflow of female workers to different countries increased significantly in the first seven months of this calendar year thanks to a demand surge in the Middle-Eastern countries. According to off...

Pharma experts demand amendment of patent law for smooth transition

Pharma experts demand amendment of patent law for smooth transition

FE REPORT 2022-08-11 08:46:47

The Bangladesh Patent Law 2022 should be amended in line with the changing scenario of the local pharmaceutical industry after the country's LDC graduation, experts said at a seminar in the capital on...

BPC eyes Tk 2.05b profit in Aug on fuel price hike

BPC eyes Tk 2.05b profit in Aug on fuel price hike

FE REPORT 2022-08-11 08:35:05

Bangladesh Petroleum Corporation (BPC) has estimated that it would earn a profit worth around Tk 2.05 billion this month (August), the very first month of raising the prices of fuel oils. The profit...

Ex-Bangladeshi workers sue Kimberly-Clark, Ansell over alleged labour abuse

Ex-Bangladeshi workers sue Kimberly-Clark, Ansell over alleged labour abuse

-- 2022-08-10 19:30:42

Former workers at Malaysian rubber glove maker Brightway Holdings filed a lawsuit in the United States against Kimberly-Clark Corp and Ansell Ltd, accusing them of "knowingly profiting" from the alleg...

Five years of going limitless: Five benefits GoZayaan brings to travellers

Five years of going limitless: Five benefits GoZayaan brings to travellers

-- 2022-08-10 16:38:04

GoZayaan, the travel tech platform has completed five years of its journey today. Given the short amount of time the startup has been operating, it has seen extraordinary success and become a prominen...

HSBC Bangladesh  wins International Retail Bank of the Year award

HSBC Bangladesh wins International Retail Bank of the Year award

-- 2022-08-10 16:00:57

HSBC Bangladesh has been awarded the 2022 Asian Banking and Finance Awards for International Retail Bank of the Year for the second time in a row.It also bagged the Branch Innovation of the Year - Sil...

Cathay Pacific narrows first-half loss as passenger numbers rise

Cathay Pacific narrows first-half loss as passenger numbers rise

REUTERS 2022-08-10 10:56:33

Hong Kong's Cathay Pacific Airways Ltd posted on Wednesday a first-half loss of HK$5 billion ($637 million), narrowing from the prior year's HK$7.57 billion, as easing quarantine rules boosted passeng...

Fast food giant Domino's pulls out of the birthplace of pizza

Fast food giant Domino's pulls out of the birthplace of pizza

BBC 2022-08-10 10:38:21

Domino's Pizza's last stores in Italy have been closed after the firm that operated its outlets in the country filed for bankruptcy, it has emerged. Master franchise holder ePizza SpA sai...

Musk sells nearly $7 billion in Tesla shares amid Twitter legal battle

Musk sells nearly $7 billion in Tesla shares amid Twitter legal battle

REUTERS 2022-08-10 10:12:51

Tesla Inc Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, tweeting it was important to avoid an emergency sale of Tesla stock amid a legal showdown w...

Fuel price hike pushes up prices of almost all household essentials

Fuel price hike pushes up prices of almost all household essentials

-- 2022-08-09 22:31:32

An unprecedented 50 per cent hike in fuel oil cost has pushed up prices of almost all household essentials by Tk 2 to Tk 10 per kilogram in the market. The prices of almost all types of daily essenti...

Top 20 participants of Berger’s ‘Smritir Angina’ campaign dine with Jaya Ahsan

Top 20 participants of Berger’s ‘Smritir Angina’ campaign dine with Jaya Ahsan

FE ONLINE DESK 2022-08-09 20:38:31

The top 20 participants of “Berger Luxury Silk Emulsion ‘Smritir Angina’” campaign had the opportunity to rejoice themselves at a dinner party with eminent actress Jaya Ahsan....

Toyota suspends some Japan factory production due to Covid-19 outbreak

Toyota suspends some Japan factory production due to Covid-19 outbreak

-- 2022-08-09 18:53:15

Toyota Motor Corp said it would suspend the night shift operation on Tuesday at one production line at its factory in central Japan due to an outbreak of Covid-19, after it suspended operations there...

Cement makers seek 10pc cash stimulus

Cement makers seek 10pc cash stimulus

FE REPORT 2022-08-09 11:16:15

Local cement manufacturers suggest a 10-per cent cash incentive for the export of key construction materials aiming to increase the current export volume threefold. They also seek to relax the duty-d...

Launch fare to be declared tomorrow

Launch fare to be declared tomorrow

FE REPORT 2022-08-09 10:29:25

The government is expected to fix new launch fares tomorrow (Wednesday) in response to the operators' proposal for doubling the rates amid the latest price hike of fuel oils. A circular is scheduled...

Tk 20m for constructing one kilometre drain!

Tk 20m for constructing one kilometre drain!

FHM HUMAYAN KABIR 2022-08-09 09:13:52

Amid the government's austerity programmes, the Roads and Highways Department (RHD) has proposed to spend Tk 8.69 billion, Tk 20 million per kilometre, to build a drain on 43km road, insiders said. T...

BRTA publishes bus fare chart for long-distance routes

BRTA publishes bus fare chart for long-distance routes

FE REPORT 2022-08-09 08:44:34

Bangladesh Road Transport Authority (BRTA) published a new fare chart for various long-distance routes of road transports on Monday, revising upwards the rates due to the latest price hike of fuel oil...

Uptick in funds for NGOs in BD

Uptick in funds for NGOs in BD

SAIF UDDIN 2022-08-09 08:07:36

The influx of foreign funds for non-governmental organisations (NGOs) operating in Bangladesh increased slightly last fiscal mainly due to a rise in the aid for the Rohingya refugees here. Donors' co...

Rafiqul Islam appointed as Managing Director and CEO of Shimanto Bank Ltd

Rafiqul Islam appointed as Managing Director and CEO of Shimanto Bank Ltd

FE ONLINE DESK 2022-08-08 19:16:30

Rafiqul Islam has been appointed as Managing Director and CEO of Shimanto Bank Limited, according to a press release issued on Monday. Before this appointment, he was the Managing Director and CEO (C...

Petition filed with High Court to block hike in fuel prices

Petition filed with High Court to block hike in fuel prices

-- 2022-08-08 15:09:07

A lawyer has filed a petition with the High Court demanding that it block the government’s recent decision to hike the price of diesel, kerosene, petrol and octane. The petition, filed by Supre...

Jaguar Land Rover owner Tata Motors to buy Ford car plant in India

Jaguar Land Rover owner Tata Motors to buy Ford car plant in India

BBC 2022-08-08 12:08:29

Indian automaker Tata Motors has agreed to buy a Ford manufacturing plant in the western state of Gujarat for 7.26bn rupees ($91.5m). The deal comes as Tata moves to boost its car pro...

RMG exports to US see 60pc growth in first half of 2022

RMG exports to US see 60pc growth in first half of 2022

MONIRA MUNNI 2022-08-08 11:14:32

The country's apparel exports to its single largest destination, USA, witnessed a robust growth in terms of both value and volume in the first half of this year (2022). Bangladesh fetched US$ 5.01 bi...

NBR chief says offshore tax amnesty not for endorsing black money

NBR chief says offshore tax amnesty not for endorsing black money

FE REPORT 2022-08-08 10:18:29

The offshore tax amnesty has been offered to encourage brining back legally-earned money, not black money, the National Board of Revenue (NBR) chairman said on Sunday. The NBR has offered the amnesty...

Global downtrend: DCCI pushes for adjusting fuel prices

Global downtrend: DCCI pushes for adjusting fuel prices

FE REPORT 2022-08-08 09:38:20

A trade body urges the government to cut fuel prices once the trends come down in the international market for the greater good of the national economy. The recent hike in fuel oil prices will have a...

Spillover of fuel oil price hike hits consumers hard

Spillover of fuel oil price hike hits consumers hard

YASIR WARDAD 2022-08-08 09:22:14

The consumers have already started feeling the pinch of a spillover of the fuel price hike into daily essential commodities. The prices of rice, vegetables, fish, meat, fruits and a few other key ess...

Fuel tariff hikes: Additional Tk 15b govt revenue being reckoned

Fuel tariff hikes: Additional Tk 15b govt revenue being reckoned

DOULOT AKTER MALA 2022-08-08 08:29:54

Fuel-price hike would earn government an additional Tk 15 billion in revenue in the current fiscal year as one of the spinoffs, according to an official reckoning. The revenue is estimated to be gene...

HSBC approves Tk 6.12b social loan for BRAC

HSBC approves Tk 6.12b social loan for BRAC

-- 2022-08-07 19:46:31

The Hongkong and Shanghai Banking Corporation (HSBC) in Bangladesh facilitated social loan financing for BRAC in a programme recently. Under the agreement, BRAC will receive Tk 6.12 billion in financ...

Businesses agree to day-off rotation plan for industrial belts amid energy crisis

Businesses agree to day-off rotation plan for industrial belts amid energy crisis

-- 2022-08-07 16:40:44

Businesses have agreed in principle to a proposal from the Bangladesh government for a rotating day-off scheme for industrial belts in order to reduce the frequency and length of power cuts. Nasrul H...

99pc Bangladeshi products to get duty-free access to China

99pc Bangladeshi products to get duty-free access to China

FE REPORT 2022-08-07 12:26:40

China announced to raise duty-free access to 99 per cent Bangladeshi products with effect from September 1 this year. The announcement came during the bilateral meeting between China and Bangladesh o...

More private sector role in Delta Plan imperative, speakers tell FBCCI seminar

More private sector role in Delta Plan imperative, speakers tell FBCCI seminar

FE REPORT 2022-08-07 10:29:48

Speakers at a programme in the city on Saturday stressed the need for ensuring more involvement of the private sector in the Delta Plan-2100 for sustainable achievement. They observed that Delta Plan...

Aman value chain takes a hit from oil price hikes

Aman value chain takes a hit from oil price hikes

YASIR WARDAD 2022-08-07 08:27:51

The latest hike in fuels, including diesel, deals a double blow to farmers after urea this peak Aman season that comprises 37-38 per cent of the total rice supply. A 42-per cent hike in diesel pric...