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Search results for: trade

Medium sized cows in high demand

-- September 01, 2017 10:41:15

Many buyers in Dhaka were demanding medium size cows on Thursday as sales of cattle at different markets picked up momentum, two days ahead of Eid-ul-Azha.   Small size cattle are being sold fr...

Dhaka cattle markets look gloomy

-- September 01, 2017 10:24:26

The cattle markets in Dhaka looked very busy on Thursday, but the traders complained that "not many cattle were being sold".   On the other hand, the customers said they were waiting for a furt...

Samsung gives home appliances to NRBs

FE Online Desk August 31, 2017 15:44:01

Samsung Electronics Bangladesh has given TVs and refrigerators to families of Non Resident Bangladeshis (NRB) on the occasion of Eid-ul-Azha recently.   This is Samsung’s gesture of grat...

Wärtsilä to supply engines for power plant in Bangladesh

FE Desk August 31, 2017 14:12:00

Wärtsilä will supply the engines for a new 220 MW baseload power plant to be installed in Chandpur in Bangladesh. Wärtsilä Energy Solutions is a leading global energy system integ...

Bangladesh, Seychelles discuss to boost trade ties

FE Desk August 31, 2017 13:55:49

Textiles, the workforce, tourism, and the fisheries industry were the main areas of cooperation discussed between Bangladesh and Seychelles Newly accredited Bangladeshi high commissioner Abdul Manna...

Muhith seeks Japan’s funds for mega-projects involving billions

FE Report August 31, 2017 11:08:41

Finance Minister AMA Muhith sought Wednesday funds from Japanese banks for financing mega-projects.   "After having attained some maturity, now we think that we should go for mega-projects. And...

Cabinet purchase body endorses 300,000-tonne rice import

-- August 31, 2017 10:18:02

The Cabinet Purchase Committee approved on Wednesday 15 procurement proposals, including the import of 300,000 tonnes of rice, reports UNB.   Of the approved import, 250,000 tonnes of Atap (sun...

Four SoCBs to give over Tk 6.5b loans to tanners

Siddique Islam August 31, 2017 09:58:26

Four state-owned commercial banks (SoCBs) are set to provide more than Tk 6.50 billion as loans among tanners to help them purchase rawhides of sacrificial animals during the upcoming Eid-ul-Azha. &n...

Banks need own strategies to cut ballooning NPLs

FE Report August 31, 2017 09:52:52

Experts said Wednesday banks ought to develop their own strategies for time-bound reduction in non-performing loans as the ballooning of the same affects the country's entire financial sector. Suc...

Walton offers up to 10pc discount on fridge, TV

-- August 30, 2017 18:54:19

Walton announced up to 10 per cent discount on its fridges, televisions and home appliances to give some extra benefit to its customers on the occasion of Eid-ul-Azha.   The offer is scheduled...

Export to Australia crosses $400m in seven months

FE Online Report August 30, 2017 15:16:49

Merchandise export to Australia crossed the $400 million mark in the first seven months of the current calendar year, according to the latest statistics of Export Promotion Bureau (EPB).   It s...

BD is the largest exporter among the LDCs  

FE Online Report August 30, 2017 12:30:47

Bangladesh is the largest merchandise exporter among the Least Developed Countries (LDCs), according to the latest statistics of the World Trade Organisation (WTO).   The data showed that the c...

US probes Uber for possible bribery law violations

Reuters August 30, 2017 11:53:01

Uber Technologies Inc said on Tuesday it was cooperating with a preliminary investigation led by the US Department of Justice into possible violations of bribery laws.   The preliminary invest...

Hyundai resumes China production

Reuters August 30, 2017 11:18:17

Hyundai Motor Co said on Wednesday it had resumed production in China after operations at its four Chinese factories were suspended last week due to supply disruption.   Hyundai’s joint...

Apparel makers want major VAT waiver

Doulot Akter Mala August 30, 2017 10:06:54

The apex apparel body has sought massive value-added tax (VAT) waiver covering its 38 types of services, including consultancy charge, compliance-audit evaluation, and Corporate Social Responsibility...

Four domestic airlines owe Tk 25.45b to CAAB

Rezaul Karim August 30, 2017 10:04:00

Four domestic airlines owe Tk 25.45 billion to the Civil Aviation Authority of Bangladesh (CAAB) in arrear fees and charges.   State-run Biman Bangladesh Airlines (BBA) and three other private...

BB advertises 3,463 jobs in 6 state-run banks

-- August 29, 2017 23:17:59

The Bangladesh Bank has advertised over 3,000 jobs in six state-run banks and one financial institution. In a circular published on its website on Tuesday, it calls for applications to 3,463 posts of...

Export to Russia crosses $300m mark

FE Online Report August 29, 2017 14:13:22

Bangladesh’s export to Russian Federation crossed $300 million mark during January-July period of the current calendar year.   Latest statistics, available with the Export Promotion Burea...

Green Delta Ins, BASIS ink deal

FE Online Desk August 29, 2017 13:53:45

Green Delta Insurance and Bangladesh Association of Software and Information Services (BASIS) Monday signed a Memorandum of Understanding in the city. Under this MoU, the member organizations of BAS...

Indian company to build power plant in Bangladesh

FE Report August 29, 2017 13:29:01

Another Indian firm will build a dual-fuel power plant in Bangladesh, this one in Bhola, with generation capacity of around 220 megawatts (MW).   Nutan Bidyut Bangladesh Ltd (NBBL), a newly est...

Tough time awaits tax-evading businessmen

-- August 29, 2017 09:58:50

The National Board of Revenue (NBR) has asked its field offices to be harsher on the businessmen who try to evade taxes, aiming to improve the revenue collection in the coming days.   The tax-c...

Central bankers unhappy with incentive bonus

FE Report August 29, 2017 09:56:51

The officials and employees of the central bank have expressed their frustrations as the authorities announced five incentive bonuses on the basis of their basic salaries as on June 30, 2015 instead o...

BD willing to ink € 50m loan deal with France next month

Rezaul Karim August 29, 2017 01:07:39

Bangladesh is eager to sign a €50 million credit agreement with France to fund its garment factory remediation, officials have said."We expect to sign a loan agreement worth €50 million with...

Garment factories renege on pledge to pay Eid bonus

FE Report August 29, 2017 01:02:02

About 40 per cent of the garment factories has failed to keep up the commitment of paying festival allowance within the set deadline as workers of those units are yet to get the payment, according t...

BD to become partner of paperless trade initiative Tuesday

-- August 28, 2017 19:25:54

Bangladesh will sign paperless trade agreement on Tuesday to become a partner of the initiative adopted by UNESCAP.   Commerce minister Tofail Ahmed, who left Dhaka on Monday for Bangkok, will...

Tannery relocation affects 92pc relocated workers: Study

-- August 28, 2017 18:19:37

As many as 92 per cent of the relocated tannery workers were affected by the relocation from Hazaribagh, due to loss of income and low standards of living in Savar. The study, conducted by the Sout...

Export to Canada reaches $696m in Jan-July

FE Online Report August 28, 2017 13:08:28

The country’s merchandise export to Canada reached $696 million in the first seven months of the current calendar year, according to the latest estimate of the Export Promotion Bureau (EPB). &n...

BB asks banks to keep ADCs open round the clock

Siddique Islam August 28, 2017 12:41:09

The central bank has asked the commercial banks to ensure round-the-clock operation of alternative delivery channels (ADCs) during the upcoming Eid-ul-Azha holidays in order to facilitate smooth trans...

BD urges India to accept BSTI certification for 14 new items

Doulot Akter Mala August 28, 2017 12:38:26

Bangladesh has proposed India to accept Bangladesh Standards and Testing Institution (BSTI) certification for 14 new products to ensure their hassle-free export, as the latter often refuses to recogni...

Spent fuel deal likely Aug 30

FE Report August 28, 2017 12:27:11

Bangladesh is set to ink a deal with Russia on sending back the spent fuel as waste from the Rooppur Nuclear Power Plant (RNPP), officials said.   They said the agreement is expected to be s...