Search results for: trade

CCC's Tk 12.56b water-logging removal project gets go-ahead

Our Correspondent November 09, 2018 15:07:26

CHATTOGRAM: Executive Committee of the National Economic Council (ECNEC) approved a new canal digging project involving Tk12.56 billion to remove the port city's water-logging problems at its meeting...

US, Mexico, Canada to sign trade pact Nov 30

-- November 09, 2018 14:57:10

Cabinet ministers from the United States, Mexico and Canada will sign a new trade agreement on November 30, Mexico’s economy minister said on Thursday. The deal will be signed in Buenos Aires,...

Oil in bear market as supply rises, demand outlook weakens

-- November 09, 2018 14:05:58

Oil stabilised on Friday after spending most of the week sliding, but markets remained weak as rising supply and concerns of an economic slowdown pressured prices, with US crude down by around 20 per...

Denim expo ends, draws positive response from buyers, brands

FE Report November 09, 2018 12:08:06

The two-day 'Bangladesh Denim Expo' concluded in the city, drawing positive response from the participants, buyers and brands. With the theme 'Simplicity' and focusing on 'simplicity' in the supply c...

Japan sees investment potentials in BD SMEs’ capacity building

FE Report November 09, 2018 11:51:02

Japan sees its investment potentials in the capacity building of Bangladesh's small and medium enterprises (SMEs) which is expected to help improve the sector's economic contribution. The potentials...

Early winter potatoes hit market, but too pricey

FE Report November 09, 2018 10:40:23

Early variety of potatoes started arriving in the market this week, but the prices of the produce are too high. Traders claimed that most of the early potatoes available in the market are imported fr...

Forex mkt volatility: BB to ask 10 more banks to show cause

Siddique Islam November 09, 2018 09:57:55

The central bank is set to issue show-cause notices to 10 more banks soon for allegedly providing misleading information about foreign exchange rate, particularly for importers. "We'll issue the show...

Malaysia hiring cost set at Tk 40,000

Arafat Ara November 09, 2018 09:47:43

The cost of migration for Malaysia-bound Bangladeshi workers has been set at about Tk 40,000 each, four times less than earlier. The decision came at a meeting of the joint working group held in Dhak...

'Banks follow improper methodology in fixing rates'

FE Report November 09, 2018 09:44:29

Banks are not methodical in fixing lending and deposit rates, enhancing scope for bad loans and deposit outflow to non-productive sectors, experts have said. But they follow a quick method of reducin...

US to impose new duties on Chinese aluminum

-- November 08, 2018 21:25:08

The US Commerce Department on Wednesday said it would impose final anti-dumping and anti-subsidy duties on Chinese common alloy aluminum sheet products of 96.3 per cent to 176.2 per cent, reports Reut...

DBI wins ‘Best Training Support Institution-2018’ award

-- November 08, 2018 17:51:19

The business institute of Dhaka Chamber of Commerce & Industry (DCCI) abbreviated as DBI won the “Best Training Support Institution Award 2018” from the International Trade Centre (ITC...

Massive recall hits Mazda

Reuters November 08, 2018 13:57:52

Mazda Motor Corp on Thursday said it planned to recall around 640,000 vehicles globally to fix issues including a problem with the valve springs used in its diesel engines. The Japanese automaker s...

CVA detects six companies’ tax evasion of Tk 28m

FE Report November 08, 2018 13:49:18

Customs Valuation and Internal Audit (CVA) Commissionarate unearthed tax evasion worth Tk 28 million through import of some 18 consignments, said a press statement on Wednesday. A team of CVA conduct...

Toshiba to shed troubled assets, cut 5pc of workforce

-- November 08, 2018 13:44:43

Toshiba Corp is liquidating its British nuclear power unit and selling its US liquefied natural gas (LNG) business, as the once-mighty industrial conglomerate seeks to unload troubled assets and regai...

Bangladesh Denim Expo going on in city

FE Online Report November 08, 2018 12:32:02

The ninth edition of 'Bangladesh Denim Expo' is being held in the capital aiming to showcase Bangladeshi denim brands to the global market and to make Bangladesh a ‘one-stop sourcing platform&rs...

Exporters to get Tk 11.25b in incentives

FE Report November 08, 2018 12:05:37

The government released the second instalment of cash incentives totalling Tk 11.25 billion for disbursement among exporters in the current fiscal year (FY), 2018-19. The Ministry of Finance issued a...

Lenovo Q2 net profit surges on premium computer sales

Reuters November 08, 2018 11:37:37

Chinese PC maker Lenovo Group reported a 21 per cent rise in quarterly net profit, beating expectations, thanks to more premium computers it was able to sell. Its net profit for the second quarter (Q...

World Congress of Accountants ends today

FE Desk Report November 08, 2018 11:12:44

The World Congress of Accountants 2018 ends today (Thursday) in Sydney.  The 4-day conference began on Monday in the Australian city. WCOA is the premier accounting conference for the global bu...

Dollar rangebound as investors await Fed rate decision

-- November 08, 2018 10:49:59

The dollar traded in a narrow range on Thursday as markets settled after US midterm election results came in as expected, leaving investors free to focus on a Federal Reserve’s policy decision l...

Bangladesh eyes $ 2.2b from GCF for 48 projects

Syful Islam November 08, 2018 10:18:56

Bangladesh is expecting to get US$ 2.2 billion from Green Climate Fund (GCF) for implementation of 48 projects as it has finalised the country programme (CP) prioritising adaptation to the impacts of...

Govt to take $1.3b foreign loans for fertiliser factory

FE Report November 08, 2018 10:10:25

The government approved on Wednesday US$800 million hard-loan from Islamic Development Bank (IDB) to help Bangladesh Petroleum Corporation (BPC) finance oil import, officials said. It also endorsed $...

Global social business summit to spotlight plastic pollution

Asjadul Kibria, from Wolfsburg, Germany November 08, 2018 10:02:59

The ninth edition of the annual social business summit kicks off today (Thursday) in the German city of Wolfsburg with global leaders and thinkers rethinking the future of human civilisation, which is...

Petrobangla cancels LNG import cargo

FE Report November 08, 2018 09:59:21

The state-owned Petrobangla has cancelled a regular shipment of liquefied natural gas (LNG) from Qatar as regasification at the maiden LNG terminal remained suspended for six days now. Regasification...

NPL bulge blamed on too many banks

FE Report November 08, 2018 09:56:20

The presence of too many banks and the resultant competition are some of the main reasons for the rising amount of non-performing loan in the country, experts have said. They also said that state-own...

Japan team reviewing six big PPP projects

Munima Sultana November 08, 2018 09:53:41

A Japanese delegation is reviewing progress in six large infrastructure development projects under public-private partnership (PPP). Official sources said this visit is part of the memorandum of unde...

Digital tech unlikely to make goods cheaper

-- November 07, 2018 19:28:42

A European Central Bank survey suggests the digital technologies sweeping through the corporate world mean some loss of jobs at big companies while bringing stronger sales and productivity. But a key...

CCCI urges Canada to invest in special economic zones

Our Correspondent November 07, 2018 14:54:38

The Chittagong Chamber of Commerce and Industry (CCCI) has urged Canada to invest in the special economic zones in Bangladesh. Both the countries have excellent bilateral relations, but Canada is yet...

Thrust on signing FTA with largest trading partners

FE Report November 07, 2018 13:56:29

Speakers at a workshop have suggested signing of bilateral and regional trade agreements to overcome the challenges after graduation from the least developed country (LDC) status. Free Trade Agreemen...

Moody’s upgrades VIB’s ratings to B1

FE Online Desk November 07, 2018 13:34:30

Moody's Investors Service has upgraded the baseline credit assessment (BCA) and adjusted BCA of Vietnam International Bank (VIB) to B1 and Counterparty Risk Assessment (CRA) to Ba3. Earlier on Augus...

Benapole port trade remains suspended for Kali Puja

-- November 07, 2018 12:11:12

Trade between Bangladesh and India through Benapole land port has been put on a suspension since Wednesday morning due to Kali Puja- a religious festival of the Hindu community. Kartik Chakrawarty,...