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Search results for: trade

Social obligation fund of telecom operators remains unutilised

Ismail Hossain January 13, 2018 00:27:12

The social obligation fund of around Tk 13.80 billion, contributed by the telecom operators, has remained unutilised under the Bangladesh Telecommunication Regulatory Commission (BTRC) largely because...

DITF picks up momentum on weekend

FE Report January 13, 2018 00:23:58

Dhaka trade fair gathered momentum on Friday, the second weekly holiday since the fair began, with increased buy and sell of products. According to the exhibitors, like every year, home appliances, p...

Solar-powered pumps ease irrigation woes of farmers

-- January 13, 2018 00:22:20

Farmers in Barind area are now getting irrigation facilities round the year, thanks to solar-powered pumps, reports BSS. Zahaurul Islam, a farmer of Jagpur village under Godagari upazila, said more t...

American vehicle fuel economy rises to record 24.7 mpg: EPA

-- January 13, 2018 00:21:11

The fuel economy of new US cars and trucks hit a record 24.7 miles per gallon in the 2016 model year, a government report said, even as some automakers had to buy credits to meet federal requirements,...

Mobile phone distributors ‘unsatisfied’ over smartphone penetration

SM Najmus Sakib January 12, 2018 20:02:53

Bangladesh has a long way to go to attain a satisfactory smartphone user base, observed mobile phone distributors. According to them, only 30 per cent of the people in the country use smartphones. T...

Safety concerns: Mitsubishi recalls thousands of cars in Russia

-- January 12, 2018 15:23:02

Russia’s standards agency Rosstandart said on Friday it had been informed about the recall of 16,515 Mitsubishi cars sold in Russia between April 2013 and February 2016. The Japanese automaker...

BD didn’t seek GSP after 2015, says US official

FE Report January 12, 2018 12:14:54

The United States thinks that Bangladesh still needs the generalised system of preferences (GSP) facility to boost its export in the US market and to remain competitive with other countries, as GSP is...

BB asks for banks’ recovery targets on top 20 defaulters

-- January 12, 2018 11:16:06

The central bank has asked commercial banks to set targets of loan recovery from top 20 defaulters for 2018 upon the approval by their respective board of directors. The Bangladesh Bank (BB) has also...

Rice prices rise further despite Aman harvest, imports

Yasir Wardad January 12, 2018 00:50:16

The ongoing Aman harvesting season and an all-time high import hardly could benefit consumers as rice became pricier again last week, augmenting sufferings of the commoners further. Seasonal coarse r...

ROK plan to ban cryptocurrency trading rattles market

-- January 12, 2018 00:45:48

South Korea's government said on Thursday it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation's police and tax aut...

10pc cash incentive for local IT exporters: Jabbar

SM Najmus Sakib January 11, 2018 21:59:04

The government is considering 10 per cent cash incentive to local information technology (IT) service exporters in a bid to facilitate the sector to grow further. Post, Telecom and Information Techn...

Square Pharmaceuticals rejects IFC proposal, teams up with SCB

FE Online Report January 11, 2018 19:19:50

Square Pharmaceuticals Limited has rejected a proposal by International Finance Corporation (IFC) for an equity partnership in Square Pharmaceuticals Kenya EPZ Limited. Instead, Bangladesh’s l...

US mulls trade expansion in energy sector

-- January 11, 2018 17:51:12

The United States is giving a serious look at Bangladesh to expand its trade and investment ties with a special focus on oil, gas and energy sector as Bangladesh offers huge potentials in this area, s...

South Korea plans to ban cryptocurrency trading

-- January 11, 2018 14:22:29

The South Korean government on Thursday said it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation’s police an...

BGMEA hands over insurance cheque to workers' nominees

FE Online Desk January 11, 2018 13:44:41

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has handed over 150 cheques to the nominees of RMG workers and employees who died during their service. The government trade body or...

WaveMaker starts business in Bangladesh

FE Online Desk January 11, 2018 13:23:37

WaveMaker, GroupM’s new billion-dollar revenue, media, content and technology agency created from the merger of MEC and Maxus, started business in Bangladesh. Wavemaker Bangladesh, also a part...

Mexico says why it may leave NAFTA talks

Reuters January 11, 2018 12:48:45

Mexico will leave the NAFTA negotiating table if US President Donald Trump decides to trigger a 6-month process to withdraw from the trade pact, three Mexican sources with knowledge of the talks told...

Hyundai Motor invests in ride-hailing firm Grab

Reuters January 11, 2018 11:41:57

Hyundai Motor Co (005380.KS) said on Thursday it had invested in Singapore-based ride-hailing firm Grab, in the South Korean automaker’s first foray into the rapidly growing sector as it tries t...

Chittagong port traders oppose blanket VAT

Syful Islam January 11, 2018 11:32:53

Businesses took a stand against blanket VAT imposition on all 60 types of port services when the main seaport's operators paused before realising the tax to get a direction from their parent ministry....

'Frame clear guidelines to implement new VAT law'

FE Report January 11, 2018 11:20:44

Policymakers and stakeholders have recommended the government to frame clear guidelines for the private sector for implementation the new VAT law, after identifying the main reasons as to why the law...

Call to set up legal framework for crowdfunding

FE Report January 11, 2018 11:03:21

Experts at a roundtable have called for developing a policy and legal framework for blockchain so that Bangladesh can reap the benefit of this global phenomenon. Digital companies in Bangladesh have...

2017 sees 2nd highest tea output in country

Iqbal Siddiquee January 11, 2018 01:01:31

The country's tea production declined by about 10 million kilograms in 2017 due to unfavourable weather conditions, tea sector insiders have said. Bangladesh produced 85 million kgs of tea in the pre...

Unregulated British firm draws Asian investors

-- January 11, 2018 00:57:13

Financial.org, a UK company that describes itself as an education business and sponsors a Formula One team, is managing hundreds of thousands of dollars for Asian investors even though it is not licen...

India allows foreign investors to own up to 49pc of Air India

-- January 11, 2018 00:54:43

India cleared a proposal on Wednesday to allow foreign investors to own up to a 49 per cent stake in state-run carrier Air India, paving the way for global airlines to bid for the loss-making flagship...

High tax mars record jump in fruits import

-- January 10, 2018 19:36:41

Fruit consumption has become a part of daily diet for many people in the country, as indicated by a 70 per cent rise in fruit imports over the last eight years.  Higher fruit import is attribute...

BD needs to connect Delhi, Beijing on trade

-- January 10, 2018 18:46:54

Bangladesh needs to engage the two economic powers - India and China - on trade and investment, said a leading economist on Wednesday. Policy Research Institute (PRI) Executive Director Ahsan H Mansu...

Bangladesh ramps up rice purchase, India’s exports surge

-- January 10, 2018 18:18:40

India’s rice exports likely jumped 22 per cent in 2017 to a record 12.3 million tonnes as Bangladesh stepped up purchases after flooding affected its crops, industry officials told Reuters. The...

FSIBL, Delta Quality Denims sign investment agreement

FE Online Desk January 10, 2018 17:54:56

The First Security Islami Bank Limited (FSIBL) and The Delta Quality Denims Limited have signed an investment agreement. Deputy Managing Director of FSIBL Abdul Aziz and Chairman of Delta Group Limit...

Summit LNG selects BD PSA Marine for vessel support services

FE Online Desk January 10, 2018 16:51:19

Singapore-based Summit Power International’s (SPI) subsidiary Summit LNG Terminal has contracted PSA Marine Bangladesh to provide vessel support services. The liquefied natural gas (LNG) ships...

Siam Commercial Bank, Prudential Thailand announce bancassurance partnership

-- January 10, 2018 16:24:23

Siam Commercial Bank Public Company Limited (SCB), a leading bank in Thailand, and Prudential Life Assurance (Thailand), a subsidiary of UK-based Prudential plc, have agreed to form a bancassurance pa...