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Search results for: trade

US accuses two former Twitter employees of spying for Saudi Arabia

-- November 07, 2019 18:58:39

Two former employees of Twitter and a third man from Saudi Arabia face US charges of spying for the kingdom by digging up private user data and giving it to Saudi officials in exchange for payment, a...

Emirates net profit rose 282pc in first half of FY20  

FE Online Report November 07, 2019 18:53:15

In the first half of the 2019-20 financial year, Emirates’ net profit was $235 million, up by 282 per cent, compared to last year, according to a statement. The Emirates Group comprising Emirat...

Four Points Dhaka organises charity fair

FE Online Report November 07, 2019 18:09:45

Four Points Dhaka, a luxury hotel by Sheraton, organised a fundraising-charity event of Thursday for the unprivileged children. The event was held at the Banquet hall of Four Points, according to a...

Q1 trade gap declines slightly

FE Online Report November 07, 2019 16:25:58

Country’s merchandise trade gap with the rest of the world declined slightly in the first quarter (Q1) of the current fiscal year (FY20). Updated statistics of the balance of payments (BoP), re...

US-China trade deal signing likely in December

-- November 07, 2019 11:21:01

A meeting between US President Donald Trump and Chinese President Xi Jinping to sign a long-awaited interim trade deal could be delayed until December as discussions continue over terms and venue, a s...

Building multimodal transport hub big challenge for BR

MUNIMA SULTANA November 07, 2019 10:52:05

Bangladesh Railway (BR) is facing a big challenge of setting up a multimodal transport hub in an entire area of Kamalapur Railway Station due to lack of coordination among different agencies. Sources...

81 fishes fetch Tk 4.0m for Cox's Bazar fisherman

OUR CORRESPONDENT November 07, 2019 10:39:21

COX'S BAZAR: A fisherman sold 81 pooa or croker fishes at Tk 4.0 million (Tk 40 lakh) in Cox's Bazar town on Wednesday. According to sources, Jamal Uddin (32), a fisherman of Matarbari under Moheshkh...

Prime Bank's Q3 profit soars 27pc

-- November 07, 2019 10:36:09

Prime Bank formally disclosed its 3rd quarter-2019 financial reports at its head office in Dhaka on Wednesday, said a statement. Local and foreign investment analysts and capital market experts parti...

Agro-processing exports set to hit $1.0b: USAID report

MIR MOSTAFIZUR RAHAMAN November 07, 2019 10:28:09

Bangladesh's agro-processing export is set to fetch US$ 1.0 billion in the current fiscal, a US report forecasts. The report stressed the need for proper policy support from the government to explore...

Natural gas pricing on par with LNG import cost

M AZIZUR RAHMAN November 07, 2019 10:18:39

The price of natural gas set forth in the latest model production sharing contract (PSC) for deep sea blocks is almost similar to the current level of LNG import price. Energy experts say the price a...

China's Alipay, WeChat open to international cards

Reuters November 06, 2019 17:11:33

China mobile payment giants Alipay and WeChat Pay on Wednesday announced that payments can now be made with foreign cards. China has long been dogged by allegations of protectionism, a practice that...

Emirates announces special discount up to Nov 18

FE Online Desk November 06, 2019 15:21:06

Emirates airline has announced an attractive offer for adventurers and travellers from Bangladesh to explore destinations on its global network. The limited time offer is valid until November 18, 201...

EBL opens its first banking booth at Kanchpur

FE Online Desk November 06, 2019 14:24:30

Eastern Bank Ltd (EBL) has recently opened its first Banking Booth at Sonargaon Mega Complex at Kanchpur of Narayanganj. Ali Reza Iftekhar, Managing Director and CEO of Eastern Bank Ltd (EBL) inaugur...

SJIBL hails BSRM Steels

FE Online Desk November 06, 2019 13:27:31

Shahjalal Islami Bank Limited (SJIBL) congratulated BSRM Steels Ltd. for winning the National Export Trophy for 2016-2017 for their outstanding contribution to the country’s export sector. The...

Int'l sport expo to take place in Vietnam's Hanoi

Xinhua November 06, 2019 13:11:26

An international exhibition on sport products and equipment will be held in Vietnam's capital Hanoi on November 14-16, organisers said on Wednesday. Attracting some 120 businesses from some 10 countr...

WB Group, IFC delegates meet SMEs of BRAC Bank

FE Online Desk November 06, 2019 12:45:58

A high level delegation from World Bank Group comprising of 11 Executive Directors interacted with a group of SME entrepreneurs of BRAC Bank for the first time during their visit to Bangladesh recentl...

Mitsubishi to shut Singapore oil-trading unit after losses by trader

-- November 06, 2019 12:10:52

Japanese trading house Mitsubishi Corp said on Wednesday it will shut down a Singapore unit that trades crude oil and petroleum products after alleging earlier that a trader racked up $320 million of...

US eyeing big investments in Bangladesh under IPS

-- November 06, 2019 10:32:42

US Acting Assistant Secretary for South and Central Asian Affairs Alice Wells has said her country wants to make big investments in Bangladesh in the potential areas including infrastructure and energ...

Apparel sector seeks low cost finance to face 4IR challenges

FE REPORT November 06, 2019 10:29:35

The country's apparel sector entrepreneurs require more financing at competitive rate to make the industry socially, environmentally and economically sustainable, speakers said at a programme on Tuesd...

NBR to slap VAT on unprocessed tobacco

DOULOT AKTER MALA November 06, 2019 10:05:16

The National Board of Revenue (NBR) has decided to impose Value Added Tax (VAT) on unprocessed tobacco in a bid to offset the recent decline in its revenue earning from the sector. The board has take...

Over 420,000 motorised vehicles registered in Jan-Oct: BRTA

FE Online Report November 05, 2019 17:26:57

The number of registered motorised vehicles in the country stood at 420,043 from January to October of the current calender year, according to official data. Of the total, 136,281motorcycles were reg...

Abu Dhabi launches advanced defence technology company

Reuters November 05, 2019 16:31:41

Abu Dhabi’s government has announced to launch a new company, EDGE, that will invest in defence technology. “The new company will invest and bring advanced defence technologies to the mar...

World's biggest trade pact shapes up sans India

-- November 05, 2019 15:30:06

Although India pulled out at the last minute, China and 14 other countries agreed in Bangkok this week on plans for what could become the world’s biggest trade agreement - the Regional Comprehen...

FSIBL branch in Khulna opens

FE Online Desk November 05, 2019 14:10:44

The Dakbangla branch of First Security Islami Bank Ltd. started its operation in Khulna on November 05. Syed Waseque Md Ali, Managing Director of the bank, inaugurated the branch. Among others, Mr. M...

IBBL opens banking booth at Shimultali Bazar of Gazipur

FE Online Desk November 05, 2019 13:56:17

Islami Bank Bangladesh Limited inaugurated its banking booth at Shimultali Bazar of Gazipur recently. SM Tariqul Islam, Deputy Commissioner of Gazipur, addressed the programme as the chief guest. Mu...

AIBL holds workshop on ‘Capacity Development on Banking activities of Agents’

FE Online Desk November 05, 2019 13:40:43

A day-long training workshop on ‘Capacity Development on Banking activities of Agents’ organized by Al-Arafah Islami Bank Training and Research Institute (AIBTRI) was held  recently....

Samsung to shut down US CPU research division

-- November 05, 2019 12:46:28

Samsung Electronics said on Tuesday it will shut down a CPU research division at one of its US facilities, a move that analysts said dimmed prospects for the tech giant’s Exynos-branded mobile c...

China seeks more tariff rollbacks for 'phase 1' trade deal

-- November 05, 2019 11:12:55

China is pushing US President Donald Trump to remove more tariffs imposed in September as part of a “phase one” US-China trade deal, people familiar with the negotiations said on Monday....

Korean cos to invest $ 500m in EZ

FE REPORT November 05, 2019 10:56:18

South Korean businesses have expressed the interest to establish an industrial park in Bangladesh's Economic Zone (EZ) to set up factories for manufacturing apparel, leather products and ornaments. A...

VAT collection devices for shops from Dec

DOULOT AKTER MALA November 05, 2019 10:43:08

The National Board of Revenue (NBR) has decided to start installation of Electronic Fiscal Devices (EFDs) from next month (December) to ensure proper VAT collection from business outlets. In the fi...