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Search results for: trade

Adobe to bridge gender wage gap in India, US

-- September 08, 2017 19:02:00

Adobe Systems has introduced a gender pay parity policy in India as well as globally to achieve 100 per cent pay parity between male and female employees across levels, reports businessworld.in. &nbs...

VW plans huge asset sale

Reuters September 08, 2017 15:24:10

Volkswagen is actively working on deals to sell non-core assets accounting for as much as 20 per cent of the German carmaker’s annual revenues, The Wall Street Journal quoted its chief executive...

NBR gives special focus on tax from foreign workers

-- September 08, 2017 13:32:32

  The National Board of Revenue (NBR) has decided to pay special attention on collecting tax from foreigners working in the country.   NBR chairman M Nojibur Rahman gave the directives at...

iPhone 8 could face supply shortfalls

Reuters September 08, 2017 12:56:16

Apple Inc’s new iPhone had hit production glitches early in its manufacturing process and could lead to supply shortfalls and shipping delays following its launch next week, the Wall Street Jour...

Lilly to lay off 3,500 jobs globally

Reuters September 08, 2017 12:03:00

Eli Lilly and Co said on Thursday it would lay off about 8 per cent of its employees as the drugmaker, which has suffered setbacks over the past year in the development of two potential blockbuster dr...

Study finds bank profitability more sensitive to NPLs

FE Online Report September 08, 2017 11:15:29

A central bank study has observed that the bank profitability is more sensitive to non-performing loans (NPLs) and expenditure-income ratio than it is to liquidity in the country.   The study t...

NBR exempts EPZ factories from 25pc tobacco export tax

 Doulot Akter Mala September 08, 2017 10:10:29

The National Board of Revenue (NBR) has waived 25 per cent tax on export of tobacco products by factories located in the country's Export Processing Zones (EPZs).   The customs wing has issued...

Rice prices defy big cut in import duty

 Yasir Wardad September 08, 2017 09:57:39

A big cut in import duty on rice has hardly made any impact on the prices of the major staple in the city markets.   Market observers said big importers and traders are cashing in on the duty s...

Minister to lay foundation of Patenga container terminal Friday

-- September 07, 2017 17:19:14

The foundation laying ceremony of the 600-metre-long Patenga container terminal will be held tomorrow (Friday), reports BSS.   Shipping Minister M Shahjahan Khan will formally lay the foundatio...

Jaguar joins electric car race

BBC September 07, 2017 16:12:34

Every new Jaguar Land Rover (JLR) vehicle line launched from 2020 will be electric or hybrid, the company announced on Thursday.   The carmaker said that the first of the new models would be a...

Ministry wants tax break for PDB

-- September 07, 2017 14:54:53

The state-run Power Development Board or PDB needs a tax break to import oil for its power plants like private producers, says the state minister for power.   A tax break will save as much as T...

500 bank branches now solar-powered

FE Online Report September 07, 2017 12:08:42

The number of bank branches powered by solar energy in the country reached 500 by the end of past fiscal year (FY17).   The latest report of the green banking, released by Bangladesh Bank last...

Oil steadies on strong demand

-- September 07, 2017 11:41:06

Oil prices held steady on Thursday, supported by rising demand from the United States where Gulf Coast refineries are restarting in the wake of Hurricane Harvey.   But three more hurricanes in...

Outbound travel spending up by 15.6pc

FE Online Report September 07, 2017 11:10:38

Minimum spending for outbound travel from the country jumped by 15.56 per cent in the past fiscal year (FY17).   Latest data of the balance of payments (BoP) showed that the amount stood at $50...

Wastes of sacrificial animals bring fortune for traders

Adnan Hossain Bhuiyan September 07, 2017 00:43:32

Wastes of sacrificial animals produced during Eid-ul-Azha have brought fortune for scavengers and seasonal traders as the entrepreneurs of the informal sector have been exporting tonnes of processed w...

Govt set to import 0.2m tonnes of wheat from Russia

Talha Bin Habib September 07, 2017 00:42:27

The government is set to import 0.2 million tonnes of wheat from Russia under government to government (G2G) arrangement, officials said. A proposal in this regard now awaits approval from the cab...

Asian traders look to snap up US crude

-- September 07, 2017 00:40:49

Flood waters caused by tropical storm Harvey encompass the Motiva Enterprises LLC in Port Arthur, Texas, US. — Reuters SINGAPORE, Sept 6 (Reuters): Some oil traders in Asia are looking to snap...

Businesses struggle to access sufficient credit: ADB

-- September 06, 2017 19:32:07

Businesses of all sizes continue to struggle to access sufficient credit, resulting in a global trade finance gap of $1.5 trillion in 2016, according to an Asian Development Bank (ADB) brief released...

Thailand joins the Madrid System

FE Online Report September 06, 2017 15:53:15

Thailand becomes the 99th member of the International Trademark System, also known as Madrid System, according to a press statement of   the World Intellectual Property Organisation (WIPO)....

0.16m motorcycles registered in 7-month

FE Online Report September 06, 2017 15:20:55

Some 0.16 million new motorcycles got registration in the country on January-July period of the current calendar year (2017).   Statistics available with Bangladesh Road Transport Authority (...

Dollar slips on N Korea jitters

-- September 06, 2017 14:33:05

The dollar slipped against the yen on Wednesday, pushing back towards last week’s 4-1/2-month low on worries over North Korea’s nuclear ambitions.   The euro was 0.1 per cent weaker...

Oil slips as crude demand dips

Reuters September 06, 2017 10:55:09

Global oil prices slipped on Wednesday as crude demand remained subdued on the back of refinery closures following Hurricane Harvey which hit the US Gulf coast 10 days ago.   Market focus was a...

Price slump creates supply crunch of rawhide

Yasir Wardad September 06, 2017 09:45:23

A price slump has created a crisis of rawhide supply to country's leather industry this high season as traders are reluctant to sell the sacrificial animal skins to avert losses.    Source...

APSCL seeks to build power plant at Pyra

FHM Humayan Kabir September 06, 2017 00:31:52

The Ashuganj Power Station Company Limited (APSCL) will build a 1320-megawatt (MW) capacity coal-fired power plant at Pyra port area as it will start developing land this year for the project, officia...

US crude rises on returning refineries, gasoline slumps to pre-Harvey levels

-- September 06, 2017 00:30:45

Steam is emitted from a oil refinery in Sodegaura, Japan. — Reuters SINGAPORE, Sept 5 (Reuters): US oil prices rose on Tuesday as the gradual restart of refineries in the Gulf of Mexico that we...

EU approves insolvent Air Berlin’s 150m euro lifeline

-- September 06, 2017 00:29:51

FRANKFURT, Sept 5 (Reuters): The European Commission (EC) on Monday approved a German bridging loan for Air Berlin that will keep the insolvent airline's planes flying while it tries to find buyers fo...

ECB replaces DPRK in euro zone bond market spotlight

-- September 06, 2017 00:26:16

LONDON, Sept 5 (Reuters): Euro zone government bond yields were little changed on Tuesday as attention shifted from tensions over North Korea to an approaching European Central Bank (ECB) meeting that...

Only 2.12pc accounts have internet banking facilities  

FE Online Report September 05, 2017 14:45:38

Only 2.12 per cent bank accounts in the country have internet banking facilities so far, according to the latest statistics of the central bank.   It showed that the number of total bank accou...

Plea to raise intra-BRICS trade, investment ratio

From Jubair Hasan in Xiamen, China September 05, 2017 12:49:03

The 9th edition of BRICS Summit started in the southeastern Chinese city of Xiamen on Sunday with a call for increasing intra-BRICS trade and investment ratio which the leaders say 'still remains unta...

Dhaka sees over 12,000 new private cars in 7 months

FE Online Report September 05, 2017 12:20:58

    Dhaka city saw over 12,000 new private cars in the first seven months of the current calendar year.   The latest statistics of Bangladesh Road Transport Authority (BRTA) showed...