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Search results for: trade

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...

Amazon becomes Mexico’s top online retailer in 2017

-- December 16, 2017 12:03:18

Amazon.com Inc likely doubled its sales to become the biggest internet retailer in Mexico this year, helping to grow the country’s nascent e-commerce market by a third, according to a report by...

Cabinet likely to approve ridesharing guidelines soon

Mehdi Musharraf Bhuiyan December 16, 2017 10:04:17

A much-awaited legal framework, styled Ridesharing Services Guidelines, is set to get cabinet approval soon with a provision binding the upstart ride-hailing services to fixed rates of fares, official...

Export earnings from shipbuilding soar

Saif Uddin December 16, 2017 09:52:38

Export earnings from the country's shipbuilding sector has surged in recent months due to handing over of several high-value ships to foreign companies after a sluggish growth witnessed during the las...

BAPLC elects Azam president, Anis vice-president

-- December 16, 2017 00:35:40

Azam J. Chowdhury, Managing Director, MJL Bangladesh Ltd. and  Anis A.Khan, Managing Director & CEO, Mutual Trust Bank Ltd. have been elected as the President and the Vice-President respectiv...

NCC Bank opens 108th branch

-- December 16, 2017 00:34:46

NCC Bank Ltd. has formally opened its 108th Zinzira Branch at Keraniganj, Dhaka. Chairman of the Bank Md. Nurun Newaz Salim formally inaugurated the branch as Chief Guest on Thursday. Chairman of the...

INDOBDCCI launches website

FE Report December 16, 2017 00:28:40

Indonesia Bangladesh Chamber of Commerce and Industry (INDOBDCCI) launched its website -- www.indobdcci.com -- on Thursday evening to facilitate businesses of both the countries with trade informa...

Tea market witnesses strong demand

-- December 15, 2017 21:25:33

Tea market witnessed a strong demand from the beginning of the sale at the tea market on Tuesday, according to a press statement. Blenders operated strongly although a major Blender stayed away from...

Laptop sales increase enormously in few years

SM Najmus Sakib December 15, 2017 19:41:51

Laptop sales have increased immensely from 26,000 units to over 500,000 units since 2008, said the organisers of laptop fair. They also expressed their satisfaction of selling more laptops than targe...

India increases import tax on cellphones

-- December 15, 2017 16:55:59

India has increased the import tax on dozens of electronic products, including mobile phones and television sets. The Indian government made the announcement on Thursday aiming to reduce supplies fro...

Major management shake-up at Airbus

-- December 15, 2017 15:11:47

Airbus confirmed a top management shake-up on Friday, following weeks of turmoil at the European planemaker. Chief operating officer and planemaking chief Fabrice Bregier will step down in February 2...

Saving Uber's face

Reuters December 15, 2017 13:30:06

Silicon Valley investor Shervin Pishevar, known for his early bet on Uber Technologies Inc [UBER.UL], said on Thursday that he would sever ties with his venture capital company, Sherpa Capital, after...

Dhaka to apprise UN of abuse by N Korean diplomats

-- December 15, 2017 12:21:32

Dhaka will apprise the United Nations (UN) of detecting abuses of the privileged bonded warehouse facility by North Korean diplomats and claim credit as a first member country to complying with one of...