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Search results for: trade

Oil price inches up

-- December 20, 2017 10:49:10

Oil prices edged up on Wednesday, supported by expectations of a fall in US crude inventories and by the ongoing outage of the North Sea Forties pipeline system. US West Texas Intermediate (WTI) cr...

Onion price remains high even in harvesting season

Yasir Wardad December 20, 2017 10:33:04

Although the newly harvested onion has hit the market, the price of the spice still remained much higher, market observers said. Experts held market syndicates responsible for the higher price while...

Bitcoin falls more than 10pc on Bitstamp

Reuters December 20, 2017 09:43:48

The price of bitcoin fell more than 10 per cent on Wednesday to as low as $15,800 at a cryptocurrency exchange Bitstamp. It has since pared some of the losses and is down about 7 per cent in early tr...

UR robot launches in Bangladesh, eyes expansion

-- December 19, 2017 17:55:52

Universal Robots, the leading manufacturers of advanced, light weight robotic arms, has launched in Bangladesh with a vision to expand operations across the country.  A Universal Robots-manufact...

13 state-owned textile mills to reopen under PPP

-- December 19, 2017 17:01:56

The government has taken an initiative to reopen 13 state-owned textile mills under public private partnership (PPP).  The mills are currently owned by Bangladesh Textile Mills Corporation(BTMC)...

Apple hikes iPhone prices in India

-- December 19, 2017 16:16:32

Apple Inc has increased the prices of most of its iPhone models sold in India after the government last week raised taxes on imported phones in a bid to boost domestic manufacturing. Barring its loca...

CB Insights ranks Appier among top 100 AI cos

FE Online Desk December 19, 2017 13:45:04

Appier, a technology company, which aims to provide artificial intelligence (AI) platforms to help enterprises solve their most challenging business problems, has been included in the ranking of CB...

Insurance fair begins in Sylhet Friday

FE Online Desk December 19, 2017 13:14:15

   A two-day insurance fair will begin in Sylhet on Friday with a view to raising people's trust in insurers.   The Insurance Development & Regulatory Authority (IDRA) is organis...

REHAB Fair 2017 begins Thursday

FE Online Desk December 19, 2017 13:00:00

          A five-day long housing fair titled ‘REHAB Fair 2017’ begins at the Bangabandhu International Conference Centre in Dhaka on Thur...

Farmers Bank MD removed

FE Online Report December 19, 2017 12:43:22

The central bank of Bangladesh on Tuesday removed the Farmers Bank’s Managing Director (MD) and Chief Executive Officer (CEO) AKM Shameem on charge of his alleged liquidity crunch and loan dis...

Call for proactive actions to ensure food safety

FE Online Desk December 19, 2017 12:21:33

A national workshop was held in Dhaka recently to evaluate the initiatives needed to promote greater awareness and action to ensure food safety in Bangladesh. The workshop entitled “Ensuring...

BMW electric car sales hit 0.10m target

-- December 19, 2017 12:19:19

BMW said on Monday it had hit its target of selling 0.10 million (100,000) electric cars this year around the world, benefiting from strong demand in western Europe and the United States for models su...

ACC starts probe against errant Hajj agencies

-- December 18, 2017 22:34:19

The Anti-Corruption Commission (ACC) has recently started investigation into the reported mismanagement and irregularities by the errant Hajj agencies. Anisur Rahman, acting secretary of the Religiou...

West Zone’s electricity bill payment becomes convenient

-- December 18, 2017 20:50:13

Robi has recently launched a service to pay electricity bill digitally for the West Zone Power Distribution Co. LTD (WZPDCL) in Barisal and Khulna Zone. The service has been launched aiming to make e...

Coal import from India resumes

Our correspondent December 18, 2017 15:30:59

Bangladesh has resumed importing coal from India after a court of the neighbouring country lifted a ban on the export, which had been suspended by another court order on environment grounds, temporari...

Prime Bank gets new MD

FE Online Desk December 18, 2017 14:53:08

The Board of Directors of Prime Bank Limited has appointed Rahel Ahmed as new Managing Director & CEO of the bank, recently. Rahel Ahmed has been working as DMD and Chief Business Officer of the...

Bangladesh Commerce Bank shifts branch

FE Online Desk December 18, 2017 13:33:36

Bangladesh Commerce Bank Limited (BCB) has shifted its Muradpur Branch Chittagong to a prime location, recently. Dr Engr Rashid Ahmed Chowdhury, Chairman of the Board of Directors of BCB, was present...

Walton’s founding chairman dies

-- December 18, 2017 13:28:23

SM Nazrul Islam, the founding chairman of Walton Group, passed away on Sunday. He was 93. Nazrul breathed his last at the Apollo Hospitals in Dhaka around 9:40 pm. He was the pioneer of the country'...

CCC urges ministries to help realise tax arrears

Pankaj Dastider December 18, 2017 12:44:44

Municipal tax collection of Chittagong City Corporation (CCC) has been hit hard, as a large amount of its revenue has been lying unpaid with different government and semi-government offices in the por...

NBR struggles to implement tax return automation project

Doulot Akter Mala December 18, 2017 11:50:34

The field offices are facing difficulties to complete the process of digitising manually submitted income tax returns within the stipulated timeframe due to inadequate manpower and logistic supports....

Oil edges up despite 2018 ample supply outlook

Reuters December 18, 2017 11:39:57

Oil edged up on Monday, lifted by an ongoing North Sea pipeline outage and over signs that booming US crude output growth may be slowing, although the outlook for oil markets cites ample supplies desp...

Foreign telcos make 4G bid

-- December 17, 2017 21:46:26

Two foreign mobile telecoms, which are yet to launch operations in Bangladesh, have expressed their eagerness to get licence to offer 4G services and bid for spectrum. Bangladesh Telecommunication...

Govt plans tourism fair from next year

-- December 17, 2017 20:22:34

The government has decided to hold international tourism fair from next year to promote both inbound and outbound tourism. Civil Aviation and Tourism Minister Rashed Khan Menon came up with the infor...

Iran to speed up Azadegan development

-- December 17, 2017 15:14:58

Iran's Petroleum Minister Bijan Namdar Zanganeh said that the country will put its largest oil field, Azadegan, on tender to finalise a deal for its development study by summer 2018. "A deal will be...

Avtovaz exports Lada cars to Cuba again

-- December 17, 2017 15:02:27

Leading Russian automaker Avtovaz has shipped its Lada Vesta and Lada Largus Cross models to Cuba after a 12-year gap, the company's press service said on Saturday. "At the beginning of December, 344...

Service Engine wins ICT award

FE Online Desk December 17, 2017 12:21:22

Service Engine Ltd, a sister concern of Abdul Monem Private Ltd has been awarded for being the highest exporter of IT services for the last fiscal year by the ICT ministry. Syed Akram Hossain, Chie...

Dhaka Bank, Pakiza Group ink deal

FE Online Desk December 17, 2017 11:56:53

Dhaka Bank Ltd and Pakiza Group recently signed an agreement for project finance of Tk 2,735.19 million at the Dhaka Bank Corporate Office. Syed Mahbubur Rahman, Managing Director and CEO of Dhaka...

‘Britain eyes bespoke trade arrangement with EU’

-- December 16, 2017 15:27:21

British Finance Minister Philip Hammond said it is likely Britain will want to negotiate a bespoke arrangement for future trade deals with the European Union (EU), according to Reuters. Speaking at a...

Bitcoin touches new record high

Reuters December 16, 2017 14:46:17

Bitcoin blasted to another all-time high of almost $18,000 on the Bitstamp exchange on Friday, up 9 percent on the day, as warnings grew over the risks of investing in the highly volatile and speculat...

India raises tariffs on electronics to curb surging imports

-- December 16, 2017 14:06:17

India increased the customs duty on some electronics including mobile phones, television sets, and microwave ovens in a bid to curb imports and boost local manufacturing, according to Gulf News. The...