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Search results for: trade

Taxmen pace up PCA, reconcile taxable imported, released goods

Doulot Akter Mala August 16, 2017 04:04:49

The Customs have decided to enhance post-clearance audit (PCA) and reconcile imported and released goods as a strategy for achieving the revenue target for this fiscal. Officials said these two are p...

Conversion of bottle wastes into recycled resins can save $25m

Arafat Ara August 16, 2017 03:52:09

The import dependence on basic raw materials for manufacturing mineral water and beverage bottles and polyester yarn can be reduced by more than 30 per cent by converting bottle wastes into recycled r...

Gold edges up as N Korea tensions ease

-- August 15, 2017 08:24:16

Gold edged lower on Tuesday, weighed down by a steady US dollar and firmer Asian stocks as geopolitical tensions between the United States and North Korea appeared to ease.  Spot gold had falle...

US to probe China on trade

BBC August 15, 2017 07:21:14

US President Donald Trump has asked his country's top trade official to review China's practices regarding intellectual property. The move was incremental, but could eventually lead to the US imposin...

Govt moves to frame policy for promoting rooftop solar power

-- August 15, 2017 04:07:30

The government has initiated a move to conduct a study on framing Net Metering Policy aiming to promote rooftop solar energy across the country, reports UNB. According to the official sources, users...

One pipeline already complete, two in process of installation

FE Report August 15, 2017 03:39:59

The construction of Bangladesh's first dedicated re-gasified LNG-carrying pipeline is already complete and three more are in the process of installation for supplying the fuel, said officials. A 91-k...

Tax sleuths on the prowl

FE Report August 14, 2017 06:51:42

The National Board of Revenue (NBR) set its three intelligence wings to detect tax-dodgers and money-launderers in a combat against such financial crimes. As per instructions issued Sunday by the gov...

Oil drops on weak Chinese refining activity

-- August 14, 2017 05:57:10

Oil prices dropped on Monday as a slowdown in Chinese refining activity growth cast doubts over its crude demand outlook, while rising US shale output suggested supplies would likely remain high. Br...

Dhaka, Delhi express hope to reap BIMSTEC benefits

-- August 14, 2017 04:29:11

BIMSTEC, a regional bloc comprising seven member states, is getting a 'big boost' with both Bangladesh and India expecting that it will soon start yielding results to fulfil the aspirations of the peo...

More foodgrain imports to face flood challenge: PM

-- August 14, 2017 03:57:31

Prime Minister Sheikh Hasina again said on Sunday the government is importing foodgrains to face the ongoing flood across the country, report agencies. "We've already procured foodgrains from variou...

Trump trade probe to poison ties: Chinese paper

Reuters August 14, 2017 03:34:48

US President Donald Trump's order to his top trade adviser to investigate supposedly unfair Chinese trade practices will "poison" relations between the two countries, a Chinese state-run newspaper sai...

Dhaka to request Delhi to lift anti-dumping duty on jute

Rezaul Karim August 13, 2017 05:39:16

The government will request India to withdraw anti-dumping duty imposed on import of jute goods from Bangladesh, officials said.   The Bangladesh Tariff Commission (BTC) has already prepared a...

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...