Search results for: trade

Four shows on RMG sector starts in city

FE Online Report January 17, 2019 17:37:59

Four concurrent shows on readymade garments (RMG) kicked off in the city on Thursday to offer complete sourcing platform for the makers of the product under one roof. The four shows are on yarn, fabr...

Gillette maker's boss warns on Brexit price rises

-- January 17, 2019 16:06:54

The boss of Procter and Gamble, maker of Fairy liquid and Gillette razors, says its products could cost more if the UK leaves the EU with no deal. Tariffs the company may have to pay would be added t...

Trump tariffs force tough choices at US auto suppliers

-- January 17, 2019 16:05:38

Bob Roth makes no bones about his feelings towards US manufacturing. The co-owner and chief executive of RoMan Manufacturing Inc, which makes transformers and glass-molding equipment for automakers a...

Four int'l trade shows kick off in city

FE Online Report January 17, 2019 14:58:50

Four international trade shows kicked off in Dhaka city on Thursday with participation of around 510 companies from more than 24 countries, aimed at developing Bangladesh's readymade garment (RMG) sec...

Dollar stalls, sterling steadies after May wins no-confidence vote

-- January 17, 2019 13:33:37

The dollar took a breather on Thursday following its recent strong gains against key rivals, while sterling steadied after British Prime Minister Theresa May’s government won a no-confidence vot...

MTB inaugurates 24/7 Recycler ATM booth

FE Online Desk January 17, 2019 13:19:30

Mutual  Trust  Bank  Limited  (MTB) has recently opened its first 24/7 Recycler ATM booth at MTB Tower in Bangla Motor area in the capital. Anis A Khan, Managing Director and CEO...

China turns to driverless tractors to overhaul agriculture

-- January 17, 2019 13:13:54

A brand new combine harvester buzzes up and down a field in eastern China without a driver on board, chopping golden rice stalks and offering a glimpse of what authorities say is the automated future...

Three int’l flights arrive late at HSIA

FE Online Report January 17, 2019 12:59:06

Three international flights of different airlines have failed to meet their arrival schedules at Hazrat Shahjalal International Airport (HSIA) in Dhaka city on Thursday. Flight BG 148 from Dubai was...

Goldman Sachs boss apologises to Malaysia over 1MDB scandal

-- January 17, 2019 11:24:44

Goldman Sachs new boss has apologised to Malaysia for the role an ex-partner played in the corruption scandal at one of the country's wealth funds. However, chief executive David Solomon also distanc...

BIDA ties up with LICT Project to woo foreign investment

FE Report January 17, 2019 10:46:31

The Bangladesh Investment Development Authority (BIDA) will work together with the Leveraging ICT for Growth, Employment and Governance (LICT) Project under Bangladesh Computer Council (BCC) to attrac...

Rupali Bank reduces loss-making branches

FE Report January 17, 2019 10:37:02

Rupali Bank Limited (RBL), a state-owned commercial bank (SoCB), has reduced the number of loss-making branches drastically in 2018. According to sources concerned in the bank, RBL has registered a w...

Goldman dealmakers shine in Solomon's maiden quarter

-- January 17, 2019 10:34:09

Goldman Sachs Group Inc (GS.N) turned in a better-than-expected profit during David Solomon’s first quarter at the helm, helped by dealmakers in the division the new chief executive once oversaw...

Record US crude production weighs on oil prices

-- January 17, 2019 10:18:22

Oil prices dipped on Thursday as US crude production quickly approached an unprecedented 12 million barrels per day (bpd) just as worries about weakening demand emerge. US West Texas Intermediate (WT...

Banks in a fix over effective date of slashed source tax

Doulot Akter Mala January 17, 2019 09:42:44

The majority of the banks are in confusion over the effective date of reduced source tax on export proceeds as it remains unclear in the revenue board's order. On January 01, the National Board of Re...

4G mobile service loses steam

Mehdi Musharraf Bhuiyan January 17, 2019 09:30:33

Despite a lot of hype surrounding the high-tech network for smartphones throughout the last year, the number of 4G subscribers reached only 11.7 million in the first 10 months of introducing it in the...

Coal import through Tamabil port halted again

-- January 16, 2019 22:09:04

Having resumed just 15 days ago, import of coal from India through the Tamabil port in Sylhet was halted again on Wednesday morning after an Indian court imposed a ban on lifting the fossil fuel. If...

China's C bank injects $83b to avoid a cash crunch

-- January 16, 2019 21:40:30

China's central bank injected a record $83 billion into the country's financial system on Wednesday, seeking to avoid a cash crunch that would put further pressure on the weakening economy, reports Re...

Mastercard announces winners for ‘Win Trip for two to Singapore’ campaign

FE Online Desk January 16, 2019 12:57:35

Mastercard, in collaboration with Daraz Bangladesh Limited, has announced the winner for ‘Win Trip for two to Singapore’ campaign for the month of December 2018; which aims to drive digita...

ICMAB team calls on Commerce Minister

FE Online Desk January 16, 2019 12:47:00

A delegation of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) headed by its President Mr. Mohammed Salim FCMA called on  Mr. Tipu Munshi, MP,  Minister, Ministry of...

Bank Asia arranges training for MTs

FE Online Desk January 16, 2019 12:34:20

Bank Asia kicked off 49th Foundation Training Course (FTC) to its 42 (Forty Two) Management Trainees (MTs) aiming to improve their professional efficiency. Mr. Rumee A Hossain, Chairman, Executive Co...

FSIBL opens agent banking outlet at Shalikha, Magura

FE Online Desk January 16, 2019 12:27:41

The Agent Banking Outlet of First Security Islami Bank Ltd started its operation on Tuesday at Bunagati Bazar, Shalikha, Magura. Mr. Syed Waseque Md Ali, Managing Director of First Security Islami Ba...

Unilever partners with StanChart for supply chain finance

FE Online Desk January 16, 2019 12:20:42

Unilever Bangladesh Limited (UBL) inked a Memorandum of Understanding (MOU) with Standard Chartered Bank to avail the ‘Supply Chain Finance’ programme – a financing package for the d...

Nissan plans to file for damages against Ghosn

-- January 16, 2019 11:41:33

Nissan Motor plans to file a civil suit against ousted chairman Carlos Ghosn to claim damages resulting from the alleged misuse of company funds, a person with knowledge of the issue said, adding to t...

MNP service: GP losing out to Robi

Mehdi Musharraf Bhuiyan January 16, 2019 10:37:05

Telecom giant Grameenphone is losing the highest number of customers through the roll-out of mobile number portability (MNP) service. Robi, the nearest competitor of the mobile operator, is emergin...

MFIs witness steep rise in number of loan recipients

Rezaul Karim January 16, 2019 10:31:27

The number of microcredit beneficiaries has risen significantly across the country although the rate of interest on the loan is higher than other credits. The total number of loan recipients increase...

French ICS asks govt for Accord’s extension

FE Report January 16, 2019 10:15:50

Initiative for Compliance and Sustainability (ICS), a French audit company, has called upon the government for extension of Accord's tenure to ensure successful handover of the leadership to local a...

Team to recommend ways to reduce classified loans

Siddique Islam January 16, 2019 10:06:17

Financial Institutions Division (FID) under the Ministry of Finance has formed a three-member team to recommend how to reduce the volume of classified loans in the country's banking system. The membe...

Govt to allow LNG import in pvt sector

M Azizur Rahman January 16, 2019 10:03:00

The government would soon open the import of liquefied natural gas (LNG) to the private sector, enabling them to sell the fuel to clients of their choice. "The private sector would be able to import...

EU likely to impose tariffs on rice imports from Cambodia, Myanmar

-- January 15, 2019 22:03:48

The European Union (EU) is likely this week to impose tariffs on rice coming from Cambodia and Myanmar for the next three years to curb a surge in imports, according to a source familiar with the file...

Govt cuts source tax to 0.25pc for all exporters

-- January 15, 2019 20:56:09

The government has once again slashed tax at source to 0.25 per cent from the existing 0.60 per cent for exporting goods to give some relief mainly to the RMG exporters following the recent hike in th...