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Search results for: trade

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...

BRAC Bank launches health card

FE Report January 10, 2018 14:55:57

BRAC Bank has launched a health card in association with Mastercard and Apollo Hospitals aiming to facilitate Bangladeshi patients’ transaction in India. This first-ever co-branded health card...

Oil prices reach three-year high

Reuters January 10, 2018 13:34:31

Oil prices hit their highest levels since 2014 on Wednesday due to ongoing production cuts led by OPEC as well as healthy demand, although analysts cautioned that markets may be overheating. A broad...

Harpic celebrates 40 years journey

FE Online Desk January 10, 2018 12:17:57

Harpic, a leading toilet cleaner brand Tuesday began its 40-year celebration programme at the Lakeshore Hotel in the city. A new pack for Harpic was also unveiled in the event, said a statement....

Expo on garment accessories begins Jan 24

FE Report January 10, 2018 11:57:27

A four-day fair related to garment accessories and packaging products, known as 'GAPEXPO' will begin on January 24 in the city's International Convention City Bashundhara (ICCB). The Bangladesh Garme...

Secondary trading of T-bills, T-bonds drops by 45pc

Asjadul Kibria January 10, 2018 10:16:49

Secondary trading of treasury bills and treasury bonds, two short-and long-term fixed income government securities, declined steeply last year. Latest statistics of the central bank showed that the t...

NBR relaxing condition to have more VAT awardees

Doulot Akter Mala January 10, 2018 10:08:09

The National Board of Revenue (NBR) has decided to relax that condition that makes10 per cent higher VAT payment on an annual basis mandatory to help the businesses to be eligible for the VAT payers'...

InterContinental opens in May

-- January 09, 2018 19:54:14

The former Sheraton and Ruposhi Bangla hotel will reopen as InterContinental Dhaka from May this year. Civil Aviation and Tourism Minister AKM Shahjahan Kamal revealed the information on Tuesday whil...

Gold prices go up again in two weeks

FE Online Report January 09, 2018 19:16:40

The local jewellers have increased gold prices again within two weeks on all categories of gold, effective from Wednesday.   With the fresh hike, per bhori (22 carat) gold ornament will b...

India seeks lower import duties to export sugar in BD, Sri Lanka

-- January 09, 2018 16:11:10

India is taking initiative to open talk with neighbouring Sri Lanka and Bangladesh to seek lower import duties for its sugar exports to prevent a glut next season. In the current 2017/18 season sugar...

Dollar edges lower against yen

-- January 09, 2018 14:38:36

The dollar dropped to a session low of 112.515 yen on Tuesday, down 0.5 per cent on the day, after the Bank of Japan trimmed the amount of its buying of Japanese government bonds. The BOJ reduced its...

Gold prices inch down

-- January 09, 2018 14:27:17

Global gold prices inched down on Tuesday amid expectations for more US interest rate hikes this year. Spot gold was down 0.2 per cent at $1,317.86 an ounce by 0655 GMT. Last week, prices touched the...

US oil hits two-year high

-- January 09, 2018 14:19:03

US oil prices hit their highest since 2015 again on Tuesday as speculators bet on further price rises amid OPEC-led production cuts and a dip in American drilling activity. US West Texas Intermediate...

Walton displays 700 models of appliances at DITF

FE Online Desk January 09, 2018 14:06:03

Walton has displayed more than 700 models of appliances at Dhaka International Trade Fair (DITF) in the capital so that the buyers can buy their all desired products from one place. The electronics g...

RAKUB to set up ATM booths in rural areas

-- January 09, 2018 13:58:52

Rajshahi Krishi Unnayan Bank (RAKUB)a state-owned specialized bank, will install ATM booths for the first time in rural areas. Ii aims to spread modern banking services to the grassroots people. "I...