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Search results for: trade

China super hybrid rice output sets new world record

Zhao Cheng October 21, 2017 00:35:38

BEIJING, Oct 20: A new type of Chinese super hybrid rice -- Xiangliangyou 900 -- has reached average yields of 1,149 kilograms per mu (about 0.07 hectares) on trial fields in Handan, north China's Heb...

Biman to add two more aircraft

-- October 20, 2017 18:41:21

State run Biman Bangladesh Airlines has decided to add two more aircraft to its fleet for 72 months on lease before October next year, aiming to spread its wings on more routes, reports UNB. The nati...

EU leaders agree for trade talks with UK

-- October 20, 2017 18:06:04

European Union leaders agreed to start preparing for trade talks with the United Kingdom, as Theresa May admits there is "some way to go" in negotiations. As expected, her 27 EU counterparts agreed a...

Holden closure ends Australian automotive industry

-- October 20, 2017 17:45:06

Australia’s near 100-year automotive industry ended on Friday as GM Holden Ltd, a unit of US carmaker General Motors Co, closed its plant in South Australia to move manufacturing to cheaper loca...

Final phase of Mouchak-Moghbazar flyover opens Thursday

-- October 20, 2017 15:06:56

The final phase of Dhaka's Mouchak-Moghbazar flyover will be inaugurated on Oct 26. The new road will connect neighbourhoods in Razarbagh and Shantinagar to Moghbazar via Mouchak. Prime Minister Sh...

Sterling skids to two-week lows

-- October 20, 2017 14:55:56

Pound skidded to a two-week low on Friday amid doubts over the outlook for Bank of England interest rate moves and concerns over Brexit, when the dollar climbed, as investors bet a fiscal boost may pu...

Oil price rises on tighter fundamentals

Reuters October 20, 2017 14:42:32

Oil prices rose on Friday, supported by signs of tightening supply and demand fundamentals, although a warning about excessive China economic optimism still weighed somewhat on markets. Brent crude f...

Global gold prices turn lower

-- October 20, 2017 14:38:09

Gold prices turned lower on Friday as the dollar regained ground after the US Senate approved a budget plan for the 2018 fiscal year. Spot gold had declined by 0.4 per cent to $1,284.06 an ounce by 0...

PayPal beats profit estimates

Reuters October 20, 2017 12:23:48

Sharp growth in mobile payments led PayPal Holdings Inc to report a better-than-expected third-quarter profit on Thursday and lift its guidance for earnings through the rest of the year. The San Jose...

Amu asks BSTI to help build 'smarter city'

FE Report October 20, 2017 00:56:56

Industries minister Amir Hossain Amu suggested Thursday the state-run standards watchdog should play an active role in building a smarter city. "The BSTI (Bangladesh Standards and Testing Institution...

BHBFC offers discount as housing finance fair opens

FE Report October 20, 2017 00:55:05

The first 'Housing Finance Fair-2017' kicked off Thursday in the city to showcase home loan products, flats and apartments. The state-run Bangladesh House Building Finance Corporation (BHBFC), which...

Take action against substandard mango drinks-makers

Kamrun Nahar October 20, 2017 00:53:28

Bangladesh Food Safety Authority (BFSA) has requested BSTI to take legal action against a number of mango drinks makers for producing mango drinks that contained mango pulp lower than the BDS standard...

Agricultural mechanisation vital to ensure food security

FE Desk October 20, 2017 00:52:31

Agricultural mechanisation is important to ensure food security in Bangladesh, discussants have said at an opinion meeting in Dhaka. They observed that the country's population is increasing and ag...

PayPal to cut hundi, graft

-- October 19, 2017 23:20:13

The PM’s ICT adviser Sajeeb Wazed Joy said he hoped there would be no more need for hundi or corruption in bringing money into Bangladesh from abroad with the official launch of PayPal’s X...

General imports drop

-- October 19, 2017 20:42:11

The country's overall imports dropped by over 8.0 per cent or US$ 315.20 million in September despite higher import of food-grains to cool an overheated market. Officials believe a slowdown in the im...

Nestle sales drop in first nine months

-- October 19, 2017 19:27:08

Swiss food and drinks company Nestle says sales have dipped slightly in the first nine months of the year compared with the same period of 2016, citing net divestments and negative foreign currency ef...

SJIBL inaugurates 105th Branch

FE Online Report October 19, 2017 18:39:59

Shahjalal Islami Bank Limited (SJIBL), on Thursday, inaugurated it’s 105th Branch at Ati Bazar, Keraniganj in Dhaka. The Vice-Chairman of the Board of Directors of the Bank Mr. Khandaker Sakib...

BRAC Bank contributes to Prime Minister’s Relief Fund for Rohingya refugees

FE Online Report October 19, 2017 18:29:44

BRAC Bank recently donated Tk 50 million to the Prime Minister’s Relief and Welfare Fund to help the Rohingya refugees. The bank’s Director S. N. Kairy, with other senior officials, hande...

BUP holds seminar on digital financing

FE Online Rep[ort October 19, 2017 17:52:17

Bangladesh University of Professionals (BUP) organised a seminar on Thursday digital financing of the country. The seminar titled “Digital Financial Services: The Bangladesh Story”, orga...

CEPZ factory holds election to form WWA

FE Online Report October 19, 2017 17:15:30

Election was held recently in state-owned Sea Blue Textile Limited of Chittagong EPZ to form Executive Council of Workers Welfare Association (WWA). In the election, eligible workers elected 10 memb...

Experts stress agriculture mechanisation

FE Online Desk October 19, 2017 15:27:15

Experts have priotised agricultural mechanisation, given the fact that the population of the country is increasing, agrobased labours are migrating to other professions and youths are not interested i...

Dollar firms to two-week high

Reuters October 19, 2017 13:27:48

The dollar hit its highest in about two weeks against the yen on Thursday, supported by this week’s rise in US bond yields, with the market’s attention turning to who will next lead the Fe...

PayPal in Bangladesh: One-way money channel

-- October 19, 2017 12:29:27

Online payment processor PayPal is set to roll out services in Bangladesh on Thursday, but local users will miss out on many of the features. For instance, Bangladesh will not allow users to send out...

Oil prices stable on tighter US market

-- October 19, 2017 11:59:32

Oil prices were stable on Thursday, supported by ongoing OPEC-led supply cuts, tensions in the Middle East and lower US production due to hurricane-enforced closures. Brent crude futures LCOc1 were a...

Gold prices fall as dollar holds firm

-- October 19, 2017 11:45:47

Gold prices touched the lowest in more than one week on Thursday, as the dollar stood firm on rising US Treasury yields. Spot gold was down 0.2 per cent at $1,277.86 an ounce as of 0347 GMT after ear...

BHBFC may get Tk 1.5b govt fund for expansion

FE Report October 19, 2017 11:08:19

The government is expected to provide Bangladesh House Building Finance Corporation (BHBFC) with a fund of Tk 1.50 billion to facilitate the state-run housing loan agency expand its coverage down to t...

Chinese co gets contract to build 4.5km elevated structure of BRT

Munima Sultana October 19, 2017 10:31:21

A Chinese company is set to get Tk 9.35 billion contract for construction of 4.5-kilometre elevated structure from Uttara House Building to Cherag Ali Market of the bus-based mass transit line from Ga...

Rights campaigners seek EC probe into Bangladesh's GSP

Monira Munni October 19, 2017 10:12:37

Five global-rights groups made a fresh plea to the European Commission (EC) to recheck Bangladesh's GSP status as they alleged continuous denial of core labour rights in the country's apparel industry...

General imports drop despite higher food importation

Siddique Islam October 19, 2017 10:05:41

The country's overall imports dropped by over 8.0 per cent or US$315.20 million in September despite higher import of food-grains to cool an overheated market. Officials believe a slowdown in the imp...

Biman grapples with aircraft, manpower shortages

Kamrun Nahar, back from Nepal October 19, 2017 01:24:44

Despite having huge potential in increasing passengers to and from Nepal, Biman is grappling with problems, including inadequate aircraft and manpower, in operating regular flights in this important r...