Search results for: trade

Courier service left 'unregulated'

Ismail Hossain August 12, 2017 07:34:37

A move to bring the country's courier service operators under monitoring and regulation still remains a far cry as the concerned authority is functioning with inadequate manpower.    Amid...

Final draft to amend labour law by Nov

BSS August 12, 2017 04:38:42

A tripartite committee formed to amend the Labour Act 2006 for protecting the rights of the country's workers will submit its preliminary draft in the current month while the final report in November....

More plans to decongest Ctg port

Syful Islam August 12, 2017 03:58:35

The government is set to approve more Inland Container Depots (ICDs) and Inland Container Terminals (ICTs) in the private sector to help ease acute congestion at the Chittagong port, officials said....

'Energy exchange with BD, other neighbours in bloom'

FE Report August 12, 2017 03:34:06

Indian External Affairs Minister Sushma Swaraj on Friday expressed her satisfaction on trans-border exchange of energy among India, Nepal, Bhutan and Bangladesh. “I’m happy to note that c...

US productivity rises in Q2

Reuters August 10, 2017 07:08:22

US productivity grew more than expected in the second quarter as hours worked rose at their fastest pace in 1-1/2 years, leading to a modest increase in labour costs that could keep inflation muted....

Japan July exports seen rising

Reuters August 10, 2017 06:53:59

Japan's exports were expected to record an eighth straight month of growth in July, a Reuters poll found, suggesting robust offshore demand could underpin moderate economic recovery. Exports are expe...

BD, Thailand to ink MoU on rice import today

FE Report August 10, 2017 04:23:28

Thailand has agreed to export up to 1.0 million tonnes of rice to Bangladesh in the next five years under government-to-government (G2G) arrangement. Of the total quantity, some 150,000 tonnes of ri...

Nissan to pay $98m in Takata settlement

Reuters August 09, 2017 08:05:37

Nissan Motor Co on Tuesday agreed to pay $97.7 million to settle class-action claims of consumer economic loss in the United States tied to the recall of 4.4 million vehicles with Takata air bag i...

Capital machinery import surges 37pc last fiscal

Siddique Islam August 09, 2017 06:30:18

The country's overall imports grew by more than 10 per cent in the fiscal year (FY) 2016-17 due mainly to higher import of capital machinery, officials said. The actual import in terms of settlement...

Japanese investors now keen on investment in Bangladesh

FE Report August 09, 2017 04:37:52

Japanese investors have expressed their willingness to come to Bangladesh to explore areas of their investment after their reluctance following militant attack on the Holey Artisan in Dhaka. The inte...

UK recruiters blame Brexit as staff shortage worsens: REC

Reuters August 08, 2017 05:29:29

A shortage of staff for British employers worsened in July, hurt by the departure of European Union workers after last year's Brexit vote, a group representing recruitment agencies said on Tuesday. T...

Netflix buys comics publisher Millarworld to feed films and TV

FE Online Report August 08, 2017 05:19:15

Netflix on Monday said it has bought comics publisher Millarworld, bringing on board renowned comic book writer Mark Millar and a host of character franchises it can mine for TV shows and movies. It...

Hilsa gets GI recognition

-- August 08, 2017 04:01:14

Hilsa will be on the menu in different countries as a Geographical Indication or GI product of Bangladesh with the local patent authorities moving to register it. The Department of Patents, Designs,...

Oil holds near nine-week highs on jobs data, fall in US drill rigs

Reuters August 07, 2017 05:59:34

Oil prices edged lower on Monday but still held near nine-week highs, supported by robust US jobs data last week and a slight fall in the US drill rig count, even as rising output from OPEC capped cru...

Foreign firms queue up for building small re-gasification units

M Azizur Rahman August 07, 2017 05:55:36

A number of global firms are queueing up to bag contracts for building three small floating, storage, re-gasification units (FSRUs) for imported LNG (liquefied natural gas), said officials. Some 14...

Feeder vessels impose extra surcharges, limit voyages

Monira Munni August 07, 2017 03:50:40

The country's export-import activities are facing severe blow as feeder vessel operators have imposed additional surcharge as congestion in Chittagong port has mounted. The operators have also limite...

BSFF inks partnership deal with Winrock International

FE Online Desk August 06, 2017 07:30:25

The partnership agreement would specially focused on increasing production and income in the supply chain participants in the sector particularly farmers, input suppliers and others, and an improvemen...

Huge haul of gold at Dhaka airport in 24 hours

FE Report August 06, 2017 07:12:21

  Customs officials at the Dhaka airport have seized gold bars weighing over 30kg in 24 hours since Saturday evening.   Officials found 250 gold bars on a passenger coming from Singapore...

Amazon shadow looms large ahead of retail earnings

Reuters August 06, 2017 04:40:47

  As old and new Amazon.com (AMZN.O) competitors gear up to report earnings, investors are eager to know how they plan to withstand the growth of the No 1 online retailer.   So far this q...

Govt to ask monitoring teams to expedite their activities

FE Report August 06, 2017 04:30:55

The government will ask the teams monitoring the prices of essentials to further expedite their activities in the coming days, officials said. On the other hand, a meeting will be held with the count...

HSBC H1 profit rises 5pc

Reuters July 31, 2017 09:47:04

HSBC Holdings PLC on Monday said their profit rose 5.0 per cent in the first half of the year, beating analyst estimates, and they announced their third share buyback in the past year on the back of a...

Japan to start Bangladesh power project in August: Nikkei Asian Review

FE Online Desk July 30, 2017 10:30:40

A Japanese consortium is starting the advanced coal-fired power plant project in Matarbari area of Maheshkhali upazila under Cox’s Bazar in August, which is scheduled to be completed in 2024.&nb...

BD's clothing export growth rate highest among top eight countries

Asjadul Kibria July 30, 2017 08:56:06

Bangladesh registered the highest growth in apparel exports in 2016 among top eight clothing exporters of the world, according to the latest statistics of the World Trade Organisation (WTO). The grow...

BGMEA moves to form separate platform

Monira Munni July 30, 2017 08:17:56

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has initiated a move to form a separate platform to look into the post-2018 safety activities in the country's ready-made garment...

34 yrs not enough to build DNCC market at Mirpur

Kamrun Nahar July 29, 2017 08:05:53

The construction of a new six-storey DNCC market at Section 11 of Mirpur in the city is still uncertain even 34 years after the then undivided city corporation got allotment of two acres of land for i...

Saudi grocery stores to shut doors for expat workers

FE Online Desk July 26, 2017 11:20:52

Expatriates can no longer work in grocery stores in Saudi Arabia. Bangladeshis make up some 33 per cent of 11.7 million expatriates now living in the oil rich country.  Sources at the Minis...

Hyundai Motor Q2 profit down 51pc

FE Online Report July 26, 2017 09:56:17

Hyundai Motor posted a 51 per cent drop in net profit for the April-to-June period, missing analysts' estimates, as political headwinds hit sales in China and US sales decelerated. The South Korean m...

Judge orders Apple to pay $506 million to university in patent dispute

Reuters July 26, 2017 09:30:29

A US judge on Monday ordered Apple Inc to pay $506 million for infringing on a patent owned by the University of Wisconsin-Madison's patent licensing arm, more than doubling the damages initially impo...

Finer rice yet to budge from high despite decrease in paddy prices

Yasir Wardad July 26, 2017 08:40:30

Finer rice varieties are still trading at high prices in the city markets although paddy prices witnessed a fall in the milling hubs across the country over a month. Market observers said traders are...

DWASA hikes water price again

Ismail Hossain July 25, 2017 08:03:29

City-dwellers will have to pay 5.0 per cent higher price plus VAT for water usages from August as Dhaka Water Supply and Sewerage Authority (DWASA) has again raised its tariffs. The bill per unit (1,...