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Search results for: trade

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...

NRB global business convention begins in Sylhet on Saturday

Our Correspondent October 19, 2017 01:22:05

Preparations are almost complete for the week-long 'NRB Global Business Convention-2017', which is set to begin in Sylhet city on Saturday. Officials at a view exchange meeting with the media on Wedn...

Energypac's G-Gas, the newest vehicle for socio-economic dev

-- October 19, 2017 01:18:08

Energypac, already one of the leading companies in the power and energy sector of Bangladesh, has brought G-Gas to the market to meet the growing demand for fuel with the latest European technology, a...

Walton digital campaign turns into a festive mood

-- October 18, 2017 22:13:03

The ongoing three-month long digital campaign of Walton has turned into a festive mood as a good number of people across the country are thronging brand outlets to buy appliances and then registering...

Accord meets Commerce Minister, BGMEA leaders

-- October 18, 2017 21:23:23

The Accord on Fire and Building Safety in Bangladesh (the Accord) held a meeting with the Minister for Commerce in presence of the BGMEA leaders on Thursday. According to a press release, the meeting...

BRAC Bank donates to PM’s relief fund for Rohingyas

-- October 18, 2017 20:20:30

BRAC Bank Limited donated Tk 50 million to the Prime Minister’s Relief and Welfare Fund to help the Rohingya refugees. The bank made the donation under the initiative of Bangladesh Association...

Ford to recall 1.3m vehicles in North America

-- October 18, 2017 19:04:47

Ford Motor Co said on Wednesday it would recall about 1.3 million vehicles in North America to add a water shield to side door latches. Affected vehicles include certain 2015-17 Ford F-150 and 2017 F...

BRAC Bank, Bagdoom.com launch e-commerce loan scheme

-- October 18, 2017 17:22:06

BRAC Bank Limited and lifestyle e-commerce platform Bagdoom.com under an agreement have introduced the country’s first ever SME loan product for the e-commerce entrepreneurs, said a press releas...

NCC Bank opens new ATM booth at Ctg Seniors' Club

-- October 18, 2017 15:21:09

National Credit and Commerce Bank Limited (NCC Bank Ltd) has opened a new ATM booth at Chittagong Seniors' Club Ltd. recently. SM Abu Mohsin, Director & Chairman of the Executive Committee of th...

Minister for regulatory actions in food market

-- October 18, 2017 14:06:29

Information Minister Hasanul Haq Inu has said government intervention was needed to ensure food security, safety and adequacy. The minister was speaking at a seminar on food security at the VIP loun...

LankaBangla Finance signs MoU with Hotel Grand Park

-- October 18, 2017 13:56:30

LankaBangla Finance Ltd (LBFL) has recently signed a Memorandum of Understanding (MoU) with Hotel Grand Park, Barisal for its customers' benefit. Khurshed Alam, Head of Retail Finance of LBF and Mahb...

Energypac hits market with G-Gas

FE Online Desk October 18, 2017 12:18:52

Energypac has hit the market with liquefied natural (LP) G-Gas aiming to meet the growing fuel demand in Bangladesh. It promises uninterrupted supply at all households, hotels, restaurants and indus...

SIBL Hospital inks MoU with Pubali Bank

FE Online Desk October 18, 2017 12:02:35

SIBL Hospital has signed a Memorandum of Understanding (MOU) with Pubali Bank Limited recently. Managing Director of SIBL Hospital Dr. Mrs. Lily Amin and General Manager and Head of General Services &...

J&J wins reversal of $72m verdict over talc cancer risks

Reuters October 18, 2017 11:43:48

Johnson & Johnson on Tuesday won the reversal of a $72 million verdict in favour of the family of a woman whose death from ovarian cancer they claimed stemmed from her use of the company’s t...