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Search results for: trade

Samsung Display to invest $11 billion by 2025

Reuters October 10, 2019 12:10:31

Apple supplier Samsung Display said on Thursday it will invest 13.1 trillion won ($11 billion) on facilities and research to upgrade a production line, as it battles severe oversupply due to weak glob...

China lowers hopes for US trade talks after blacklist

-- October 10, 2019 10:49:03

Surprised and upset by the US blacklisting of Chinese companies, China has lowered expectations for significant progress from this week’s trade talks with the United States, Chinese government o...

Jute goods makers to enjoy reduced tax benefit until FY '23

FE Report October 10, 2019 10:41:15

The National Board of Revenue (NBR) has extended reduced tax benefit for jute product manufacturing companies and individuals until fiscal year (FY) 2022-23. Both the corporate and individual taxpaye...

BD to seek GSP-plus facility from EU

FHM HUMAYAN KABIR October 10, 2019 10:02:09

Bangladesh will seek Generalised System of Preference (GSP)-plus facility from the European Union (EU) in the upcoming joint commission meeting (JCM), as the country is set to graduate as a developing...

GIM Digital Truck, Runner Group ink deal on logistics facilities

-- October 09, 2019 19:44:25

GIM Digital Truck, one of the leading online truck hiring platforms has signed a memorandum of understanding (MoU) with the country’s leading automobile company Runner Group to provide transport...

Lotto offers chance to win TVS motorcycle

-- October 09, 2019 18:04:16

Lotto, a leading Italian sports and lifestyle brand, has announced an attractive offer for its customer to win TVS motorbikes by purchasing Lotto shoes. Kazi Jamil Islam, managing director of Express...

Technology making it easier to trade in services: WTO

FE Online Report October 09, 2019 14:33:37

Services have become the backbone of the global economy and the most dynamic component of international trade, according to the latest report of The World Trade Organisation (WTO). Trade in services...

Bio-Xin offers 20pc discount for EBL cardholders

FE Online Desk October 09, 2019 14:25:13

Eastern Bank limited (EBL) Visa and Mastercard cardholders to enjoy 20 per cent discount on treatments and cosmetic products offered by Bio-Xin Cosmeceuticals at its branches at Dhanmondi, Mirpur, Sha...

Daraz hosts seller summit

FE Online Desk October 09, 2019 11:58:04

Country’s largest online shopping platform Daraz Bangladesh (daraz.com.bd), for the second time, organised a summit titled ‘Dhaka Seller Summit – 2019’ at Bangabandhu Internati...

BB sounds tough as July-Aug farm credit drops

Siddique Islam October 09, 2019 10:31:15

Farm credit disbursement dropped by nearly 6.0 per cent in the first two months of the current fiscal year (FY) in the wake of flood as well as seasonal effect. Disbursement of agriculture loans...

Body formed to find silver lining of leather sector

MONIRA MUNNI October 09, 2019 10:27:48

The government has formed a high-level taskforce to identify the problems and the way forward for the development of the country's leather sector, officials said. The 29-member committee incorporated...

Higher yield entices foreigners back to bond market

JASIM UDDIN HAROON October 09, 2019 10:06:58

Foreign nationals have renewed their interest in investing in the country's treasury bonds as the yield rates have gone up on the back of government's rising appetite for funds. The overseas investor...

Omission of input definition in VAT law: Govt risks losing sizeable revenue

DOULOT AKTER MALA October 09, 2019 10:00:21

The absence of a definition of inputs in the VAT law has put at risk the target of revenue mobilisation from manufacturing companies, officials say. Under the VAT law, manufacturers are entitled to g...

‘Street Food Market’ is back again

-- October 08, 2019 20:07:26

A food festival ‘Street Food Market’ is being held at Gulshan area of Dhaka. The festival is being held from October 08 to 12 at ‘The Eatery’ at Four Points by Sheraton Dhaka,...

City Bank inks deal with Karnaphuli Gas Distribution Company

FE Online Desk October 08, 2019 15:09:10

City Bank and Karnaphuli Gas Distribution Company Ltd (KGDCL) have recently signed an agreement.  Under the agreement, City Bank will provide automated collection solution to KGDCL through selec...

Samsung Electronics posts better-than-expected operating profit in Q3

-- October 08, 2019 12:34:11

Samsung Electronics, South Korea's tech behemoth, posted the better-than-expected third-quarter operating profit, a regulatory filing showed Tuesday. The preliminary figure for operating profit was 7...

Daewoo on lookout for drilling partner

M AZIZUR RAHMAN October 08, 2019 10:40:55

South Korean oil and gas firm Posco Daewoo Corporation is looking for partner to undertake a drilling programme in deep-sea block DS-12 to delineate new hydrocarbon reserves. Daewoo has already carri...

Hopes for US-China trade deal dim

Reuters October 08, 2019 10:24:50

Prospects for progress in US-China trade talks dimmed on Monday after Washington blacklisted Chinese companies over Beijing’s treatment of predominantly Muslim ethnic minorities, and President D...

Overseas jobs decline 15pc in Q3

FE REPORT October 08, 2019 10:02:51

The overseas jobs declined by more than 15 per cent in the third quarter (Q3) of the current calendar year than that of the corresponding period of previous year, according to official figures. Durin...

Taka weakens further against US dollar

Siddique Islam October 08, 2019 09:55:47

The exchange rate of local currency depreciated further against the US dollar on Monday mainly due to higher demand for the greenback for settling the import bills. The Bangladesh Taka (BDT) lost its...

Amends to company law soon

FE Report October 08, 2019 09:53:14

The government is going to amend the company and bankruptcy laws to facilitate the best investment environment for business, an aide to the Prime Minister said on Monday. Private industry and investm...

Printing, packaging tradeshow to kick off Thursday

FE Online Report October 07, 2019 17:13:52

A three-day international technology tradeshow on printing, packaging and consumables will begin on Thursday aimed at bringing global technology to the doorsteps of local industry. Some 60 internatio...

Manzur Elahi gets UKBCCI Lifetime Achievement Award

FE Online Desk October 07, 2019 16:06:47

The UK Bangladesh Catalysts of Commerce & Industry (UKBCCI) has honoured Mr Syed Manzur Elahi, chairman of the Apex Group, with the "Lifetime Achievement Award". He received the laurels at the an...

Vietnam’s retail sales, service revenues up 11.6 pc in nine months

-- October 07, 2019 15:30:14

Vietnam's total goods retail sales and consumer service revenues rose 11.6 per cent year-on-year between January and September to roughly 3,635 trillion Vietnamese dong (158 billion US dollars), accor...

Rosatom chief stresses on maximising use of nuclear technology to achieve SDGs

FE Online Desk October 07, 2019 14:19:57

Alexey Likhachev, Director General of Russia’s state nuclear energy corporation- ROSATOM emphasised on maximum harnessing the potential of nuclear technologies in order to implement the decision...

ICSB Council elects new president

FE Online Desk October 07, 2019 13:57:55

The Institute of Chartered Secretaries of Bangladesh (ICSB) elected Mr. Muzaffar Ahmed FCMA, FCS as its new president in a Council Meeting held recently. Mr. Ahmed is the Founding President and a Fel...

SEBL signs MoU with Hajj Finance

FE Online Desk October 07, 2019 13:50:24

Southeast Bank Limited (SEBL) signed a Memorandum of Understanding (MoU) with Hajj Finance Company Limited (HFCL) recently. Syed Faisal Omar, Senior Executive Vice President, Southeast Bank, and Khon...

Rupali Bank SureCash inks agreement with BREB

FE Online Desk October 07, 2019 13:24:22

Bangladesh Rural Electrification Board has signed an agreement with Rupali Bank to ease electricity bill payment for its customers across the country. Customers now can pay electricity bills easily f...

Japan’s JERA acquires 22pc of Summit Power

-- October 07, 2019 12:54:37

Japan’s JERA has agreed to acquire a 22 per cent stake in Summit Power International, a Singapore-based unit of Bangladesh’s Summit Group, for $330 million. That means Summit Power Intern...

Govt vows to realise dues from GP, Robi

FE Report October 07, 2019 11:29:53

The government is hell-bent on recovering Tk 134 billion in 'audit' dues from mobile telephony operators Grameenphone and Robi. "We stand by our decision and we will do whatever rule of the land allo...