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Search results for: trade

French firm keen to bag oil refinery contract

M Azizur Rahman June 11, 2019 10:37:14

French Technip has shown interest to build the proposed crude oil refinery as the engineering, procurement and construction (EPC) contractor. It has already proposed state-run Bangladesh Petroleum Co...

Local mobile call apps mushroom

Ismail Hossain June 11, 2019 09:51:02

Home-grown apps for voice, video call and instant messaging services are making inroads into the market, posing a threat to telecom operators' dominance over the same, industry insiders said. Seven i...

BD eyes $1.7b Chinese loan for power projects

Mir Mostafizur Rahaman June 11, 2019 09:41:01

Bangladesh is set to sign at least two loan agreements involving US$ 1.7 billion for two power grid projects during the upcoming visit of Prime Minister (PM) Sheikh Hasina to China. "So far, the Chin...

Rebate process for individuals may be eased

Doulot Akter Mala June 11, 2019 09:37:32

Investment rebate for individual taxpayers might be brought down to two stages with modifications in the forthcoming budget to ease the facility for salaried persons, officials said. There might be 1...

Classified loans cross Tk 1.0 trillion mark

Siddique Islam June 11, 2019 09:21:39

The amount of classified loans in the banking sector surpassed Tk 1.0 trillion-mark for the first time in March 2019, apparently defying close monitoring of the central bank. The volume of non-perfor...

Plastic goods manufacturers eye bigger global market share

-- June 10, 2019 18:08:21

The plastic goods sector, which has tremendous potential to capture global market, will flourish further if a specialised industrial zone and modern recycling system could be established, said busines...

Uber introduces phone anonymising technology

-- June 10, 2019 17:36:24

Ride-sharing company Uber on Monday introduced two-way phone anonymising technology to improve riders and drivers communication mode hiding mobile phone number. The new measure would anonymise phone...

Banglabandha land port resumes operations

-- June 10, 2019 17:22:41

The export and import activities resumed on Monday at Banglabandha Land Port in Panchagarh. The land port was closed for nine days on the occasion of the Eid-ul–Fitr holiday from June 1, report...

Now advance tax at import, commercial stages likely

Doulot Akter Mala June 10, 2019 10:55:26

Advance tax (AT) is likely to be imposed at commercial and import stages under the new value-added tax (VAT) law aiming to ensure proper revenue collection from potential sectors. The new AT would re...

S Korea, UK agree to sign free trade deal

-- June 10, 2019 10:24:23

South Korea and Britain have agreed in principle to sign a separate free trade deal ahead of Britain's exit from the European Union in late October, South Korea's trade ministry said on Monday. The d...

Japan to take tech interns from BD soon

Arafat Ara June 10, 2019 10:09:39

Japan has formally started the process of recruiting technical interns (TIs) from Bangladesh through private recruiting agencies, officials said. To this end, both the countries have recently picked...

Govt set to impose ban on rice import

Rezaul Karim June 10, 2019 09:40:21

The government is set to ban rice import aiming to protect the farmers following a drastic fall in paddy prices at growers' level, sources said. To this effect, a proposal has already got the prime m...

Accreditation adds value to supply chain process: Experts

FE Online Report June 09, 2019 18:43:57

Accreditation can be an important tool for conformity assessment in supply chain process worldwide, said speakers on Sunday. Experts came up with the view at a discussion on the occasion of World Acc...

Chicken, egg, fish pricier

FE Report June 09, 2019 12:21:50

Chicken, egg, fish and vegetables were traded at much higher prices on Saturday in the capital as the kitchen markets were yet to get normal crowd after the Eid-ul-Fitr vacation. Transaction remained...

IMF's Lagarde highlights disruptive nature of fintech

Reuters June 09, 2019 10:43:00

International Monetary Fund (IMF) Managing Director Christine Lagarde warned on Saturday that the increasing presence of technology giants using big data and artificial intelligence could cause a sign...

Chattogram port facing container congestion

Nazimuddin Shyamol June 09, 2019 09:57:41

The Chattogram port, the prime seaport of the country, is facing container congestion due to a long Eid vacation. Even though the port remained open during the vacation, the delivery of containers wa...

Ratio of default loans low in consumer credit

FE Online Report June 08, 2019 21:07:52

Non-Performing Loans (NPLs), popularly known as default loans, is low against the consumer credit disbursed in the last calendar year. Financial Stability Report 2018, published by Bangladesh Bank la...

Benapole Port reopens after Eid vacation

-- June 08, 2019 19:23:49

Benapole, one of the most important land ports of Bangladesh, resumed operations on Saturday morning after a six-day Eid vacation, reports UNB. Clearing and Forwarding Agents Association President Mo...

G20 agrees to push ahead with digital tax

-- June 08, 2019 16:33:58

Group of 20 finance ministers agreed on Saturday to push ahead on compiling common rules that will close loopholes that global technology giants such as Facebook use to reduce their corporate taxes, a...

China signs deal for construction of two more VVER-1200 nuclear power units

FE Online Desk June 08, 2019 13:57:01

 China has signed a General Contract for construction of two more Russian designed VVER-1200 reactor based nuclear power units at their Xudapu nuclear power plant site. The contract was signed in...

Boeing ‘delayed fix of faulty 737 MAX warning light for three years’

-- June 08, 2019 12:49:52

Boeing Co learned that a cockpit warning light on its 737 MAX jetliner was defective in 2017 but decided to defer fixing it until 2020, US lawmakers said on Friday. The defective warning light alerts...

Seminar on Chinese bond policy on June 10 in Tokyo

FE Online Desk June 08, 2019 12:46:46

A seminar titled 'Chinese Local Bond Spreads, Monetary Policy and Misallocation' will be held on June 10 in Tokyo, Japan. Dr Robert Dekle of the University of Southern California will examine...

BASIC Bank loan scam probe continues after nine years

-- June 08, 2019 11:56:40

The Anti-Corruption Commission (ACC) is yet to charge anyone in court in dozens of cases over Tk 35 billion loan scams at BASIC Bank nine years after initial and formal investigations. The money went...

Two top Uber executives step aside

-- June 08, 2019 10:55:24

Uber's chief operating officer and chief marketing officer have stepped down following a leadership reshuffle at the ride-hailing app. In an internal memo, chief executive Dara Khosrowshahi explain...

Linde BD opens new merchant carbon-dioxide plant next month

Babul Barman June 08, 2019 10:46:32

Linde Bangladesh witnessed a steady growth in the revenue earnings and dividend disbursement, among others, in the last four consecutive years. Linde BD, a global market leader in gases and engineeri...

Farm loan defaulters: Tk 5.0b stuck against certificate cases

FE Report June 08, 2019 10:43:54

Default loans worth Tk 5.0 billion belonging to six state-owned banks, including two specialised ones, remains stuck against 159,534 cases filed to recover the money from farm loan borrowers, sources...

Aging fleet makes Railway’s west zone operations risky

FHM Humayan Kabir June 08, 2019 10:27:46

Two-fifths of passenger carriages of the Bangladesh Railway (BR)'s west zone are worn out, making its fleets vulnerable and risky, officials said. West zone officials said the older passenger coach...

Rampal power plant: Global firms vying for coal transport contract

M Azizur Rahman June 08, 2019 09:35:45

Bangladesh India Friendship Power Company (BIFPCL) has been receiving bids from global firms for coal transport and transshipment for the 1,320 megawatt (MW) Maitree Super Thermal Power project at Ram...

Eight credit ratings companies are in operation now

FE Online Report June 07, 2019 20:56:28

Currently, there are eight credit ratings companies providing credit rating services in Bangladesh. Statistics available with Bangladesh Bank, unveiled on Financial Stability Report 2018 last month,...

273 minibuses registered in Jan-Apr

FE Online Report June 07, 2019 17:57:25

Minibuses registration in the country in the first four months of this calendar year stood at 273, according to official data. Of them, a total of 57 minibuses were registered in Dhaka, according to...