Search results for: trade

Oil holds near highs as global supplies tighten

-- March 21, 2019 23:36:55

Oil held near 2019 highs on Thursday, supported by tightening US stocks and declining output from key producers due to OPEC production cuts and US sanctions on Iran and Venezuela, reports Reuters. In...

Incomes from digital ads set to come under VAT net

UNB March 21, 2019 18:44:08

The National Board of Revenue (NBR) has formed a committee to collect year-wise data on the incomes of social media platforms and search engines from the digital advertisements of local firms and brin...

Dhaka Travel Mart kicks off in city

FE Online Report March 21, 2019 17:07:39

The 16th international travel and tourism fair kicked off in the capital aimed at flourishing the untapped potential of the country’s tourism sector. State Minister for Civil Aviation and Touri...

Pahela Boishakh celebration at Amari Dhaka

FE Online Desk March 21, 2019 15:55:07

Amari Dhaka has chalked out elaborate programmes to celebrate Pahela Boishakh, the first day of the Bengali New Year, with immense festivity. There will be an assortment of colourful and effervescent...

IDCOL, IDLC to raise Tk 5025m for Sirajganj Economic Zone

FE Online Desk March 21, 2019 13:54:33

Infrastructure Development Company Limited (IDCOL) and IDLC Finance Limited (IDLC) have been mandated to raise Tk 5025 million term loan for the development of the first phase of the Sirajganj Economi...

New platform 'Nirapon' emerges to oversee Alliance-listed RMG units

FE Report March 21, 2019 11:20:48

North America-based apparel brands and retailers on Wednesday launched a new platform, 'Nirapon', to oversee the ongoing safety, training and helpline efforts at the Alliance-listed garment factories....

Tariffs on Chinese goods may stay for ‘substantial period’: Trump

-- March 21, 2019 10:56:13

US President Donald Trump warned on Wednesday that the United States may leave tariffs on Chinese goods for a ‘substantial period’ to ensure that Beijing complies with any trade agreement....

NBR waives 20pc SD on second tier manufacturers' CKD bikes

FE Report March 21, 2019 10:34:52

Second-tier manufacturers of CKD (completely knocked down) motorcycles will enjoy full waiver from payment of Supplementary Duty (SD) from now on, says an order of the revenue board. With the duty...

Life insurers to come under special audit

FE Report March 21, 2019 09:50:50

The insurance regulator has appointed external auditors for most life insurers to verify the latter's 'high' management expenses. Insurers incur higher expenses when they procure business and such ty...

Pvt investment inches up as poor business climate weighs

FHM Humayan Kabir March 21, 2019 09:29:26

Bangladesh's private investment as percentage of economic output has expanded at a slower pace this fiscal, hurt by unfavourable business climate and low-quality public investments, analysts say. Pri...

Assuring quality a big challenge for construction sector: Experts

FE Report March 20, 2019 22:31:02

Speakers at a roundtable dialogue on Wednesday identified quality assurance as a big challenge for the country’s construction industry.   Lack of necessary technical knowledge and the incr...

Oil prices firm on supply cuts

-- March 20, 2019 21:14:17

Oil prices edged up on Wednesday, supported by ongoing supply cuts led by producer club OPEC and US sanctions against Iran and Venezuela, although gains were limited by concerns over economic growth,...

Top business bodies oppose gas price hike proposal

-- March 20, 2019 20:37:23

Leaders of three of the most powerful business associations of the country -- BGMEA, BTMA and BKMEA -- have said that they would have no option but to fold-up business if gas prices are hiked unreason...

Oikko launches online platform for local SME products

-- March 20, 2019 19:38:06

An online store for Bangladeshi SME products, www.oikko.com.bd, has started journey through an inauguration ceremony on Tuesday. The e-commerce site was launched by Oikko Centre, the largest SME prod...

US-Bangla Airlines to start Dhaka-Chattogram-Chennai flights from Mar 31

-- March 20, 2019 18:59:28

US-Bangla Airlines will operate Dhaka-Chattogram-Chennai direct flights as the first local carrier from March 31. The announcement came at a press conference held at a city hotel on Wednesday. The a...

Toyota, Suzuki team up to make electric cars

-- March 20, 2019 17:21:02

Toyota Motor Corp and Suzuki Motor Corp on Wednesday said they planned to produce electric vehicles (EVs) and compact cars for each other to better compete with fast-changing technologies in the globa...

Disney closes $71b acquisition of Fox entertainment business

-- March 20, 2019 14:15:01

Disney has closed its $71 billion acquisition of Fox’s entertainment business, putting ‘Cinderella,’ ‘The Simpsons,’ ‘Star Wars’ and ‘Dr. Strange’...

IDLC Finance to raise BDT 150m for Gulshan North Club

FE Online Desk March 20, 2019 13:39:22

Gulshan North Club Limited has recently mandated IDLC Finance Limited as their Corporate Advisor and Arranger for raising BDT 150 million through sale of its permanent and lifetime memberships. A tot...

PRAN signs loan agreement with ADB for $14.2m

FE Online Desk March 20, 2019 12:40:06

  The Asian Development Bank (ADB) has signed a $14.2 million loan to support the expansion plans of Sylvan Agriculture Limited (SAL), a PRAN-RFL Group company, to enhance inclusiveness in the...

Boeing reshuffles top engineers amid crisis

-- March 20, 2019 12:23:40

Boeing Co’s commercial airplane division, facing its biggest crisis in years following deadly crashes of its flagship 737 MAX aircraft, has brought in a new vice president of engineering while...

ACI Agribusiness demonstrates ‘Fosholi’ in BASIS SOFTEXPO

FE Online Desk March 20, 2019 12:18:58

ACI Agribusiness, Bangladesh’s largest integrator of agricultural inputs is attending the ongoing 15th BASIS SOFTEXPO 2019, the largest private sector exposition aimed at showcasing IT and ITES...

Next manufacturing survey to focus on employment

Yasir Wardad March 20, 2019 11:44:51

The government is set to conduct a survey next month to assess the latest status of the country's manufacturing industry. The survey on manufacturing industry 2018 will focus on the ownership status,...

Official data mismatch allows traders to deprive salt farmers

FE Report March 20, 2019 10:31:20

Three government agencies are generating three separate figures of the country's demand for salt, encouraging unscrupulous traders to import the essential item illegally and depriving the local salt...

50pc Accord-inspected RMG factories lack adequate fire safety system

FE Report March 20, 2019 09:41:23

More than 50 per cent of the garment factories inspected by Accord still lack adequate fire detection and alarm system - one of the major life-threatening safety concerns, according to the platform's...

HC exploration delay: Indifference, liking for ad-hoc solution blamed

M Azizur Rahman March 20, 2019 09:19:35

The government's protracted 'indifference' and propensity to look for 'ad-hoc' solution to the country's energy crisis have been delaying the domestic hydrocarbon (HC) exploration, energy experts said...

Oil prices hover close to 2019 highs

-- March 19, 2019 21:39:18

Oil prices were near 2019 highs on Tuesday, supported by supply cuts led by producer club OPEC, reports Reuters. US sanctions against oil producers Iran and Venezuela are also boosting prices, althou...

Halda Valley brings first flush tea in Bangladesh

-- March 19, 2019 20:31:05

Halda Valley has launched flush flush teas for the tea enthusiasts in Bangladesh. Two types of first flush teas – Dragonwell green tea and Silver Needle green tea will be available in the local...

Nvidia, Cognata to partner on self-driving simulations

-- March 19, 2019 18:22:41

Israel-based Cognata, a developer of simulation platforms for self-driving cars, said on Tuesday it was partnering with US chip supplier Nvidia Corp to speed up testing and validation for autonomous d...

2,811 cars registered in Jan-Feb

FE Online Report March 19, 2019 14:32:54

About 2,811 cars were registered in Dhaka city in January and February 2019, according to statistics provided by Bangladesh Road Transport Authority (BRTA). A total of 18,227 cars were registered in...

ESCAP, iBAN partner to strengthen inclusive businesses in SE Asia

FE Online Desk March 19, 2019 13:59:35

The Inclusive Business Action Network (iBAN) and the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) announced a joint initiative today to help governments to enhance th...