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Search results for: Trade

AT to raise cement output cost, manufacturers say

FE Online Report June 24, 2019 13:59:24

Cement production cost may rise by 10 per cent if the proposed advanced tax (AT) is implemented, manufacturers say. The observation came at a post-budget press conference organised by the Bangladesh...

More than 15pc agency commission not allowed from August 1

FE Online Desk June 24, 2019 13:54:42

Bangladesh Insurance Association (BIA) has decided to take legal action against any company, if it allows more than 15 per cent agency commission from August 1. Chairmen, vice-chairmen, directors and...

Mercantile Bank, Bakhrabad Gas sign deal

FE Online Desk June 24, 2019 13:12:34

Mercantile Bank Limited has recently signed an agreement with Bakhrabad Gas Distribution Co. Ltd (BGDCL). The agreement was signed by Adil Raihan, Deputy Managing Director & CSBO of the Bank, a...

REHAB condoles death of Toufiq M Seraj

FE Online Desk June 24, 2019 13:06:37

Real Estate and Housing Association of Bangladesh (REHAB) has condoled the death of its former president Toufiq M Seraj. In a statement, REHAB president Alamgir Shamsul Alamin and senior vice preside...

China for compromises on both sides in trade talks

-- June 24, 2019 12:42:35

Both China and the United States should make compromises in trade talks, Chinese Vice Commerce Minister Wang Shouwen said on Monday, ahead of a much anticipated meeting between the Chinese and US pres...

Farm loan disbursement to cross FY '19 target

Siddique Islam June 24, 2019 11:58:36

The farm credit disbursement is expected to cross the target by the end of this fiscal year (FY) as the central bank has beefed up efforts to make such credit available to the farmers, officials s...

Prepaid metre production starts in July

-- June 24, 2019 11:34:02

Country's first-ever electric prepaid metre-manufacturing plant in Khulna goes into production in the second week of July. The plant is aimed at fulfilling the huge demand for prepaid metres and thus...

Warnings over higher bank borrowing target

FE Report June 24, 2019 10:29:09

Higher bank borrowing target to meet the budget deficit will worsen the private investment drought as money market faces an acute shortage of funds spawned by rising troubled loans, speakers warned on...

BPC's 'payment automation' launch hits snag

FE Report June 24, 2019 09:47:51

The launch of planned 'payment automation' of state-run Bangladesh Petroleum Corporation (BPC) is facing hurdles due to opposition from certain quarter. As a result, its planned launching on July 01...

Gold traders, jewellers can enjoy bond facility: NBR chief

FE Online Report June 23, 2019 21:01:27

Gold traders and jewellers of the country will enjoy bond facility if they import gold with the intention of exporting it back as finished products. National Board of Revenue (NBR) Chairman Md Moshar...

Govt plans to increase yearly motorcycle production to 1.0m

-- June 23, 2019 20:43:49

The government has set a target to increase the capacity of yearly motorcycle production to 1.0 million and to create an employment opportunities for 1.5 million people in this sector by 2027. The in...

400 underprivileged women complete Citi UCEP technical edn programme

-- June 23, 2019 20:41:07

Citibank, N.A., Bangladesh and Underprivileged Children’s Educational Program (UCEP) organised Certificate Awarding Ceremony on Sunday for the underprivileged young women who graduated under the...

Yunus delivers public lecture at Mexican university

-- June 23, 2019 19:47:23

Nobel Laureate Professor Muhammad Yunus recently delivered a public lecture at the National Autonomous University of Mexico, the oldest Mexican public university. Prof Yunus delivered the public lect...

BD keen to boost trade ties with Georgia

-- June 23, 2019 19:44:33

Bangladesh is keen to enhance trade ties with Georgia especially in pharmaceuticals, readymade garments, and agro products and ceramics sectors. New Delhi-based Georgian Ambassador to Bangladesh Arch...

Four leading RMG cos to disburse salary through bKash

FE Online Desk June 23, 2019 12:38:09

More ready-made garment workers will receive their salary to their mobile wallets as four factories- Ananta Companies, Best Wool Sweaters Ltd, Renaissance Group and Snowtex Group have signed agreement...

Japan finally agrees to sign loan deal for Matarbari power plant

FHM Humayan Kabir June 23, 2019 10:14:28

Japan has finally agreed to provide US$1.3 billion funds for Matarbari 1,200MW thermal power plant, softening its earlier position. The Asian economic giant did not confirm the funding during the Pri...

Growing demand spurs fresh apparel investment

Monira Munni June 23, 2019 09:29:37

Local apparel makers are now making fresh investment in manufacturing value-added items especially lingerie mainly to meet the growing global demand, industry people said. Besides, shifting orders fr...

Move to launch Trade Support Centre for women in Rangpur

-- June 22, 2019 20:20:26

The government is going to launch a ‘Trade Support Centre’ in Rangpur to help women so that they can boost their business at home and abroad. Women will get training from the centre on pr...

Keep essential commodities out of VAT, CAB urges govt

FE Online Report June 22, 2019 17:43:34

Consumers Association of Bangladesh (CAB) on Saturday urged the government to keep all essential commodities out of VAT net for the interest of fixed income consumers. The non-governmental consumer o...

Etihad Airways suspends operations through Iranian airspace

-- June 22, 2019 17:25:56

Etihad Airways has suspended operations through Iranian airspace over the Strait of Hormuz and the Gulf of Oman, a spokeswoman said on Saturday. According to Reuters, the airline will use alternative...

ACI Motors completes BuildCon

FE Online Desk June 22, 2019 13:57:11

ACI Motors successfully projected the construction equipment of Kobelco and Case brand in the Bangladesh Buildcon International Expo (BBIE) ended on Saturday. BBIE, largest exposition in construction...

Exxon's $53b Iraq deal hit by Iran tensions

-- June 22, 2019 13:43:14

Just weeks ago, US energy giant ExxonMobil looked poised to move ahead with a $53 billion project to boost Iraq’s oil output at its southern fields, a milestone in the company’s ambitions...

IBBL organises biz dev confce of RDS

FE Online Desk June 22, 2019 12:42:12

Jashore Zone of Islami Bank Bangladesh Limited organised a business development conference of its Rural Development Scheme at zonal office recently. Mohammed Monirul Moula, Additional Managing Direct...

Work on four-lane project yet to start for delay in land acquisition

Munima Sultana June 22, 2019 11:29:34

The Roads and Highways Department (RHD) could not start the construction work to upgrade the Elenga-Hatikumrul-Rangpur highway to four-lane even after completion of the tender process. The start of t...

Huawei files lawsuit against US Commerce Dept

-- June 22, 2019 10:55:37

Huawei Technologies Co Inc filed a lawsuit against the US Commerce Department on Friday challenging whether telecommunications equipment it sent from China to the United States, and then back to China...

MRT 1, 5 projects await approval

FHM Humayan Kabir June 22, 2019 10:47:55

The government has undertaken two more metro rail projects at Tk 931.62 billion, or $11 billion, aimed at connecting Dhaka's east to west and north to south. MRT-1 and MRT-5 will be built underground...

Container congestion worsens at Ctg port

Jasim Uddin Haroon June 22, 2019 09:27:16

A record number of import containers has remained stockpiled at the Chittagong Port meant for Dhaka Inland Container Depot, forcing consignees to pay more, people familiar with the situation said. As...

Spl banks, FIs pay scant attention to written-off loans

Syful Islam June 22, 2019 09:15:49

The state-owned specialised banks and financial institutions (FIs) are making little effort to recover their written-off loans worth billions of taka, data showed. Up to March of the outgoing fiscal...

177,232 motorcycles registered in Jan-May

FE Online Report June 21, 2019 17:25:56

Around 177,232 motorcycles were registered in the first five months of calendar year across the country, according to official data. Of the total, 42,830 motorcycles were registered in Dhaka during t...

NRB Bank chairman gets UAE 'Golden Visa' as first BD expat

-- June 21, 2019 13:21:05

Mohammed Mahtabur Rahman, chairman and managing director of Al Haramain Group of Companies, chairman of NRB Bank Ltd and president of Bangladesh Business Council in Dubai, has become the first Banglad...