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Search results for: trade

Dollar holds steady in thin trading

-- December 26, 2017 12:53:24

The dollar held steady in Tuesday’s holiday-thinned trade, shrugging off upbeat Japanese economic data as market participants pondered about next year’s potential catalysts. Markets in...

Country's largest book super store opens Friday

Special Correspondent December 26, 2017 10:52:43

Baatighar, a Chittagong-based company is going to open the country's largest super store of books in Dhaka December 29. "The store occupying 5,000 square feet space is located at the eighth floor of...

Applications seeking IDRA clearance on the rise

Jasim Uddin Haroon December 26, 2017 10:14:52

A number of fresh applications from big infrastructures projects were submitted to the insurance regulator, seeking its approval for insuring with foreign insurers which, industry insiders say, is a c...

Smuggled gold haul up fivefold in a year

Doulot Akter Mala December 26, 2017 09:54:54

Gold haul on Bangladesh frontiers has increased over fivefold in a year, leading the watchers to believe that the glitter of the precious metal covers an increased trend in money laundering. Customs...

Iraq eyes boost in oil prices in first quarter of 2018

-- December 26, 2017 00:36:17

Iraqi Oil Minister Jabar al-Luaibi said on Monday he was optimistic there would be a balance between supply and demand by the first quarter of 2018, leading to a boost in oil prices, reports Reuters....

Ultra-easy monetary policy weighs heavily on Japanese bank profits

-- December 26, 2017 00:35:10

Prolonged ultra-easy monetary policy is weighing heavily on Japanese bank profits but financial institutions should not expect business conditions to brighten dramatically even after the central bank...

Bitcoin: Amitabh Bachchan gets over $100m top-up

-- December 25, 2017 16:11:08

Bollywood megastar Amitabh Bachchan has got more than $100 million by the crazy swings of Bitcoin prices within days, but most of the traders face difficulties after the recent slide of the cryptocurr...

PRAN stands with Mashrafe’s foundation

-- December 25, 2017 15:44:38

PRAN Drinking Water has taken an initiative to stand with the Bangladesh ODI captain Mashrafe Bin Mortaza’s Narail Express Foundation. PRAN Beverage Limited signed an agreement on Sunday with t...

Modhumoti Bank holds board meeting

FE Online Desk December 25, 2017 13:10:08

Modhumoti Bank Limited organised the 32nd meeting of the board of directors at its head office in the capital on Sunday. Humayun Kabir, Chairman of the Board of Directors, Barrister Sheikh Fazle Noor...

City Bank arranges $26m debt financing for Doreen Group

FE Online Desk December 25, 2017 12:58:49

City Bank recently arranged fund for setting up a HFO-based power plant of Banco Energy Generation Limited of Doreen Group with capacities of 53.9 MW at Munshiganj, said a statement. AKA Bank and C...

LankaBangla Finance arranges SME Night

FE Online Desk December 25, 2017 12:43:47

Recently, LankaBangla Finance organised a SME Night’2017 at Dhaka Regency Hotel & Resort. Managing Director of LankaBangla Finance Mr. Khwaja Shahriar along with  Mr. Md. Kamru...

Dollar steady ahead of year-end

Reuters December 25, 2017 11:46:49

The dollar was little changed against other major currencies on Monday in holiday-thinned trading while the cost of swapping the yen for the dollar jumped as banks scrambled to raise dollars for the y...

Iraq reaches initial deal with Chinese co to develop East Baghdad oilfield

-- December 25, 2017 01:11:46

Iraq reached an initial deal with China's state-run Zhenhua Oil to develop the southern portion of the East Baghdad oil field, the oil ministry spokesman said on Sunday. Iraq is seeking the help of Z...

BD takes GST advantage to make inroads into India’s RMG market

FE Online Desk December 24, 2017 22:23:10

Bangladesh has recently made inroads into India's readymade garments (RMG) market with the goods and services tax (GST) facility. Bangladesh’s RMG export to India from July to November jumped b...

Manpower export to hit 1.1m by year-end

-- December 24, 2017 20:50:47

With barely a week to go, some 200,000 more Bangladeshis have been lined up to be sent abroad with employment taking the total tally in this year to 1.1 million. Expatriates Welfare and Overseas Empl...

Muhith thinks Grameen Bank doing fine now

-- December 24, 2017 20:19:29

Finance Minister AMA Muhith has said that the Nobel Peace Prize-winning Grameen Bank (GB) has bounced back and it has been doing well now. On Sunday, he said this when the bank handed over Tk 61,740,...

Gold prices go up again

-- December 24, 2017 19:02:15

Gold prices in Bangladesh have gone up for the second time in two weeks. The price of 11.664 grams (1 Bhori) of 22 carat gold has increased by Tk 1,400. According to bdnews24, similar price hikes ha...

BD-China shopping outlet to be launched soon

-- December 24, 2017 18:56:33

Online shopping outlet ‘10takabuy.com’ is set to be launched soon in Bangladesh. The China-Bangladesh joint venture will be open for both local and international customers. An agreement...

BMCCI gets new leadership

-- December 24, 2017 17:10:44

The Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) has got new leadership for the 2018-2019 term. The BMCCI held the 16th annual general meeting (AGM) in Dhaka on Saturday, said the bod...

AB Bank provides financial aid to 'Dipto Shimanto'

-- December 24, 2017 15:42:33

AB Bank Limited has recently provided financial assistance to 'Dipto Shimanto' - a school for autistic children, run by the Border Guard Bangladesh (BGB). Moshiur Rahman Chowdhury, President & Ma...

BRAC Bank distributes blankets among cold-hit people

-- December 24, 2017 14:58:07

The employees of BRAC Bank Limited distributed blankets among the cold-affected people in three districts recently. Senior officials of the bank, in assistance with the local administration, distribu...

SBAC Bank opens branch in Chuadanga

FE Online Desk December 24, 2017 14:53:32

South Bangla Agriculture & Commerce (SBAC) Bank Limited has opened its 63rd branch at Jibannagar in Chuadanga.   Md Mokhlesur Rahman, one of the Directors of the bank inaugurated the branch...

Lafarge agrees to acquire Holcim for Tk 5.05b

-- December 24, 2017 14:05:28

Lafarge Surma Cement has agreed to acquire Holcim Bangladesh for Tk 5.05 billion, a price set by the Bangladesh Bank. The Dhaka Stock Exchange or DSE said on Sunday that the company has informed them...

BCC moves to apprise state-run agencies of Competition Act

FE Report December 24, 2017 12:04:17

The Bangladesh Competition Commission (BCC) has taken a move to apprise relevant state-run agencies of the Competition Act and commission in order to make the law and entity effective, officials said....

BD, Bhutan bid for free trade

Doulot Akter Mala December 24, 2017 09:46:01

Bangladesh and Bhutan initiated negotiations for free trade and transit under bilateral arrangements to augment paltry business transactions between the two countries. Meanwhile, a four-nation sub-re...

Chinese brands capture 29pc BD smartphone market

FE Online Desk December 23, 2017 19:42:49

Chinese brands continue to grow in Bangladesh which is now capturing 29 per cent of the market, according to a new report by research firm Counterpoint. The increasing mood has up from 13 per cent a...

Abul Kasem becomes DCCI president again

-- December 23, 2017 17:37:15

Abul Kasem Khan and Kamrul Islam have been re-elected President and Senior Vice President of Dhaka Chamber of Commerce and Industry (DCCI) respectively for the year 2018. Riyadh Hossain has been elec...

Sonali Bank opens ATM booth at Akhaura Land port

Our Correspondent December 23, 2017 15:37:50

Sonali Bank Limited has opened an ATM booth at Akhaura Land port in Brahmanbaria. Advocate Anisul Huq, Minister for Law, Justice and Parliamentary affairs, inaugurated the booth on Friday. The booth...

Financial sector needs good governance, regulatory reforms

FE Report December 23, 2017 14:55:23

Improvement in institutional governance and regulatory management in Bangladesh's financial sector is sine qua non for higher economic growth with all in society taken on board. Such a piece of sugge...

Bitcoin goes on wild ride

-- December 23, 2017 13:56:10

Bitcoin fell as much as 30 per cent overnight in Asia, and the action became so frenzied that the website Coinbase suspended trading. It later made up much of that ground, and slumped 9.5 per cent t...