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Search results for: trade

ICC Bangladesh Executive Board re-elected

ICC Bangladesh Executive Board re-elected

FE ONLINE DESK 2022-06-07 14:21:52

Mr Mahbubur Rahman, Chairman & CEO of ETBL Holdings Limited has been re-elected as the President of International Chamber of Commerce (ICC) – Bangladesh, The world business organization&nbsp...

City Bank’s credit rating moves upward

City Bank’s credit rating moves upward

FE ONLINE DESK 2022-06-07 12:02:58

Credit Rating Agency of Bangladesh Limited (CRAB) upgraded the long term rating to AA1 from AA2 and also short term rating to ST-1 from ST-2 for City. The rating was assigned considering the bank&rsq...

At least $8.3m apparels were waiting for export at fire-ravaged BM Container Depot

At least $8.3m apparels were waiting for export at fire-ravaged BM Container Depot

-- 2022-06-07 11:10:54

BGMEA has listed products worth $8.3 million from 17 out of at least 50 apparel factories that stored goods for export at BM Container Depot, bdnews24.com reports. The depot in Chattogram’s Sit...

Govt to make direct contact with Brazil's soybean exporters

Govt to make direct contact with Brazil's soybean exporters

REZAUL KARIM 2022-06-07 10:04:46

The government has taken an initiative to establish direct contact between its relevant agencies and Brazilian exporters of soybean, aimed at securing timely and periodic supply of the essential commo...

SMEs get access to one-third of required fund

SMEs get access to one-third of required fund

FE REPORT 2022-06-07 09:59:23

The country's small and medium enterprises (SMEs) get access to only one-third of the fund they need for running businesses, while rural entrepreneurs receive only 19 per cent of the funds disbursed....

Beringia Energy acquires 2 furnace oil-fired power plants from Maisha Group

Beringia Energy acquires 2 furnace oil-fired power plants from Maisha Group

M AZIZUR RAHMAN 2022-06-07 08:52:26

Beringia Energy Global BD Ltd, a sister concern of US's Beringa Energy, has acquired two 108 megawatt (MW) capacity under construction furnace oil-fired power plants from Maisha Group, founded by late...

Malaysia palm oil group warns of losses ahead from 'severe' labour crunch

Malaysia palm oil group warns of losses ahead from 'severe' labour crunch

-- 2022-06-07 08:50:28

Malaysia is missing a golden opportunity to capitalise on high palm oil prices and could suffer more production losses due to a "severe" shortage of about 120,000 workers, the Malaysian Estate Owners'...

PMB trial traffic run June 17

PMB trial traffic run June 17

FE REPORT 2022-06-07 08:38:15

Vehicles will roll on the iconic Padma bridge on June 17 in trial run before its much-orchestrated inauguration to connect Bangladesh's cleft eastern and southwestern parts, officials say. Bangladesh...

Taming rice price hike: Govt to review tariff to boost pvt imports

Taming rice price hike: Govt to review tariff to boost pvt imports

FE REPORT 2022-06-07 08:36:33

The government is likely to review duty on rice imports to facilitate private purchases from international sources with an eye to maintaining the domestic market stability of the staple. Food ministe...

MRT-5 to cost $5.05 billion, ADB study estimates

MRT-5 to cost $5.05 billion, ADB study estimates

FHM HUMAYAN KABIR 2022-06-07 08:33:06

An Asian Development Bank (ADB)-funded feasibility study team has estimated US$5.05 billion cost for the proposed 17.40-km MRT line-5 (southern) route, insiders said on Monday. The team has showed th...

Export earnings to cross $80b by 2024, commerce minister hopes

Export earnings to cross $80b by 2024, commerce minister hopes

-- 2022-06-06 23:30:30

Commerce Minister Tipu Munshi has expressed his hope that the export earnings of the country would cross $80 billion by 2024. "We've earlier set an export earnings target of $51 billion in this fisca...

Elon Musk threatens to drop $44b deal as Twitter withholds requested data

Elon Musk threatens to drop $44b deal as Twitter withholds requested data

-- 2022-06-06 21:19:37

Elon Musk may walk away from his $44 billion deal to acquire Twitter Inc if the social media network fails to provide data on spam and fake accounts, the billionaire warned in a letter to the company...

Google ordered to pay Australian politician $0.51m for defamation

Google ordered to pay Australian politician $0.51m for defamation

-- 2022-06-06 18:51:34

An Australian court on Monday ordered Google to pay a former politician 715,000 Australian dollars ($515,000) over two defamatory YouTube videos. John Barilaro, the former New South Wales state deput...

Wage board for RMG workers on cards

Wage board for RMG workers on cards

FE ONLINE REPORT 2022-06-06 18:26:13

The government will take initiatives soon to form a wage board aiming to increase the existing wages for the country’s readymade garment workers followed by the labour unrest at Mirpur from last...

Govt to allow private firms’ rice import

Govt to allow private firms’ rice import

-- 2022-06-06 17:25:41

To keep the rice market stable, the government has taken a decision to allow private firms to import rice, Food Minister Sadhan Chandra Majumder has said. “A summary of the meeting with resol...

Traders step up toward Indian rice purchases after wheat export ban

Traders step up toward Indian rice purchases after wheat export ban

-- 2022-06-06 16:44:07

India's surprise ban on wheat exports has prompted rice traders to increase purchases and place unusual orders for longer-dated deliveries, fearing the world's top rice exporter may restrict those shi...

ILO expresses solidarity with the families of BM Container Depot fire victims

ILO expresses solidarity with the families of BM Container Depot fire victims

FE ONLINE REPORT   2022-06-06 14:48:56

The International Labour Organisation (ILO) Bangladesh office on Monday expressed its condolence and solidarity with the families of the injured and deceased due to the fire and explosion at BM Cont...

EU keen to invest in energy sector: Envoy

EU keen to invest in energy sector: Envoy

Our Correspondent 2022-06-06 10:54:40

CHATTOGRAM: European Union (EU) Ambassador to Bangladesh Charles Whiteley on Sunday suggested increasing contact between businesspeople of the EU and Bangladesh and creating an attractive environment...

4IR may help popularise insurance policies, cut operational costs, expert tells seminar

4IR may help popularise insurance policies, cut operational costs, expert tells seminar

FE REPORT 2022-06-06 10:51:29

Inclusion of different modules of the fourth industrial revolution (4IR) in the insurance sector may popularise various insurance policies among customers and minimise operational costs for the insure...

Africa ‘highly potential for BD business activities’

Africa ‘highly potential for BD business activities’

REZAUL KARIM 2022-06-06 10:42:47

Africa as a resource-rich continent can be the most viable place for business and commercial activities of Bangladesh. With its 1.3-billion people, Africa is a magnet for expansion of trade, as Bangl...

Procuring soybean oil: No bid from local refiners due to low price offer

Procuring soybean oil: No bid from local refiners due to low price offer

REZAUL KARIM 2022-06-06 08:24:56

The government has so far failed to procure soybean oil required for selling at a subsidised rate among 10 million families ahead of Eid-ul-Azha. The Trading Corporation of Bangladesh (TCB) had float...

RTA policy gets cabinet nod

RTA policy gets cabinet nod

FE REPORT 2022-06-06 08:22:12

An umbrella guideline for signing all types of bilateral deals has got the cabinet nod as Bangladesh drives for regional economic integration for substituting loss of preferential market access. Offi...

Ogrogami panel unveils manifesto in e-CAB polls

Ogrogami panel unveils manifesto in e-CAB polls

FE ONLINE DESK 2022-06-05 20:34:57

Ogrogami panel, a panel of the e-commerce entrepreneurs, has announced its manifesto ahead of the upcoming e-CAB elections scheduled to be held on June 18. The announcement was made at FARS Hotel and...

New tariff rate of gas is rational, says FBCCI president

New tariff rate of gas is rational, says FBCCI president

FE ONLINE DESK 2022-06-05 20:26:09

President of Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) Jashim Uddin says the new tariff rate of gas is rational. The president of the apex trade body thanked Prime Minister...

Fashol Dotcom to disburse salary through upay

Fashol Dotcom to disburse salary through upay

FE ONLINE DESK 2022-06-05 20:05:22

upay has signed an agreement with Fashol Dotcom Limited, a produce supply chain network, to disburse salaries and other allowances of the marketplace through the mobile financial service provider. Em...

Excel Telecom, Eraj.com sign MoU

Excel Telecom, Eraj.com sign MoU

FE ONLINE DESK 2022-06-05 15:00:03

As a part of sustainable business and its continued expansion, Excel Telecom (Pvt.) Limited has signed a Memorandum of Understanding (MoU) with Eraj.com recently. Mr Mohammad Syfuddin Tipu, Director...

Walton sets up research centre in South Korea

Walton sets up research centre in South Korea

FE ONLINE DESK 2022-06-05 12:43:54

Bangladeshi electronics and technology giant Walton has set up a Research and Innovation Center in South Korea. In this context, Walton signed an agreement with a reputed South Korean design house to...

Musk backtracks on job cuts, says Tesla salaried staff to be 'fairly flat'

Musk backtracks on job cuts, says Tesla salaried staff to be 'fairly flat'

-- 2022-06-05 10:39:57

Tesla Inc Chief Executive Elon Musk said on Saturday that the electric vehicle maker's total headcount will increase over the next 12 months, but the number of salaried staff should be little changed,...

TDS impedes SMEs' growth

TDS impedes SMEs' growth

Doulot Akter Mala 2022-06-05 10:18:08

The small and medium enterprises (SMEs) that mainly supply accessories and supporting goods to the large manufacturers are struggling to survive allegedly due to high advance taxes like the TDS (Tax D...

Meghnaghat plant may miss deadline

Meghnaghat plant may miss deadline

SAJIBUR RAHMAN 2022-06-05 08:37:56

Work on the Meghnaghat 718-megawatt gas-fired combined cycle power plant, operated by India's Reliance Power Ltd, may miss the completion deadline, thus indicating a delay in going into full-fledged o...