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Search results for: trade

Motorcycle registration marks slight increase

FE ONLINE REPORT January 16, 2020 18:30:54

Motorcycle registrations increased slightly in the country in 2019 compared to that of 2018, according to official data. The number of registered motorcycles in the country stood at 406,897 in 2019 w...

Brazil's coffee exports up 13.9pc in 2019

Xinhua January 16, 2020 16:13:16

Brazil, the world's top coffee producer and exporter, saw its foreign sales grow 13.9 per cent in 2019 compared to the year before, reaching 40.6 million bags, the national Coffee Exporters Council (C...

BD open to raising palm oil imports from Malaysia

FE ONLINE DESK January 16, 2020 14:54:25

In some good news for Malaysian palm oil sellers, Bangladesh is open to increasing palm oil imports from the Southeast Asian country if it offers competitive prices. "If they approach us we’ll...

Pitha Fest at Le Méridien Dhaka

FE Online Desk January 16, 2020 14:19:27

Le Méridien Dhaka is organising a 10-day-long ‘Pitha Fest’ from today (Thursday). Guests will be able to delve into the delicacies of pitha with regular buffet dinner at the Latest...

Carlos Ghosn's Japanese lawyers quit

Reuters January 16, 2020 12:16:37

Japanese attorneys representing Carlos Ghosn, including lead lawyer Junichiro Hironaka, quit on Thursday following the former Nissan chief’s flight to Lebanon from Japan, where he had been fight...

Japan’s Rakuten, Walmart’s Seiyu to open logistics site as online sales jump

-- January 16, 2020 12:02:54

Japanese online retailer Rakuten and Walmart’s Seiyu said they plan to open a new logistics site in Yokohama later this year to deal with growing sales from their joint online supermarket busine...

Malaysia to raise concerns with India over palm oil curbs

REUTERS January 16, 2020 11:48:59

Malaysia will use diplomatic channels as it moves to resolve concerns over palm oil exports after India imposed some curbs last week, a minister said on Thursday. “This year, we foresee more ch...

Accord passes onus to new platform RSC

FE REPORT January 16, 2020 10:57:54

Clothing makers and Accord have finally reached a consensus over the retailers' group's transitioning into the proposed Readymade Garment Sustainability Council (RSC). The consensus came along with a...

Rice imports so far are lowest in two decades

Yasir Wardad January 16, 2020 10:42:13

The country's rice import declined to a two-decade low in the current fiscal year (FY '20) thanks to persisting higher import duties and bumper local production, insiders have said. But such low impo...

RMG sector ‘passing a hard time’

FE Report January 16, 2020 10:34:03

Four international tradeshows on readymade garments (RMG) with participation of nearly 450 companies from more than 24 countries began at city's International Convention City, Bashundhara on Wednesday...

US, China sign Phase One trade deal

REUTERS January 16, 2020 10:31:44

The United States and China signed an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of US products, defusing an 18-month row between the world’s tw...

Surge in zero-tax filers

DOULOT AKTER MALA January 16, 2020 10:15:02

The submission of zero income tax returns by both individuals and companies has risen significantly in the current fiscal year. This has raised concern among tax officials who sense the concealment o...

PM to assess 10 'fast-track' projects Sunday

FHM HUMAYAN KABIR January 16, 2020 10:07:54

Prime minister Sheikh Hasina is going to review the current status of 10 ongoing 'fast-track' mega projects on Sunday for streamlining their implementation, officials said on Tuesday. The PM-headed '...

Accord, BGMEA sign deal on transition council for workers’ safety

-- January 15, 2020 21:01:41

The Accord on Fire and Building Safety in Bangladesh and the garment exporters’ body of the country have signed an agreement on establishing a council for the transition of responsibilities for...

Shanghai remains world's busiest container port in 2019

Xinhua January 15, 2020 19:27:23

Shanghai port maintained the top position in the world in terms of container throughput in 2019, according to Shanghai Mayor Ying Yong on Wednesday. The container throughput of Shanghai port totalled...

19th GARMENTECH Bangladesh kicks off

-- January 15, 2020 17:25:22

A four-day international exposition titled ‘19th GARMENTECH Bangladesh 2020’ kicked off in the city on Wednesday. A total of four international tradeshows with participation of nearly 450...

Boeing delivery of commercial jets lowest in more than 10 years

-- January 15, 2020 17:11:51

Top US aircraft manufacturer Boeing Company said Tuesday it delivered a total of 380 commercial airplanes in 2019, its lowest number since 2008. Boeing lost 87 orders for commercial planes last year,...

India asks BD to buy its imported onions

FE ONLINE DESK January 15, 2020 15:19:39

India has asked Bangladesh to procure the onions that it has imported after a majority of states withdrew their demand for the commodity. At a meeting held on Monday, the Union Ministry of Commerce a...

Amazon boss Jeff Bezos announces $1bn Indian investment

-- January 15, 2020 14:43:38

Amazon boss Jeff Bezos has announced a major investment in India, saying the country is a key growth market. Mr Bezos said his firm will invest $1bn (£770m) in digitising small and medium busin...

US, China set to sign massive purchases deal, easing trade war

Reuters January 15, 2020 12:59:11

The US-China trade war is set to enter a new, quieter phase on Wednesday as US President Donald Trump and Chinese Vice Premier sign an initial trade deal that aims to vastly increase Chinese purchases...

The Body Shop launches its second store in Bangladesh

FE Online Desk January 15, 2020 11:29:46

Celebrating its second year of operations in Bangladesh, The Body Shop, the original, British-born, ethical cosmetics brand, has extended its retail footmark in the country by opening the second outle...

Oilseed yield low on cold wave, dense fog

YASIR WARDAD January 15, 2020 10:35:57

Oilseed production has witnessed a drop this season due to a prolonged cold wave, coupled with heavy fog, creating huge losses to farmers. Agriculturists say oilseed production area has increased, bu...

Autogas pump price shoots up by 19pc

FE REPORT January 15, 2020 10:31:04

The pump price of autogas, the liquefied petroleum gas (LPG) used in vehicles, surged by around 19 per cent to Tk 50 per litre from Tk 42 this week. Privately-owned LPG importers and marketers have i...

BGMEA identifies 51 products to diversify export basket

Monira Munni January 15, 2020 10:28:39

The apparel apex body, BGMEA, has identified 51 readymade garment (RMG) items having potentials in the international market, sources said. They said the entrepreneurs could invest to manufacture the...

Desperate Biman again seeks fiscal concessions

SYFUL ISLAM January 15, 2020 10:11:58

Biman Bangladesh Airlines, the national flag carrier, has pleaded for converting its Tk 25 billion debt to the government into equity and waiving another Tk 27 billion it owes to two state entities, o...

India urges boycott of Malaysian palm oil after diplomatic row

REUTERS January 14, 2020 15:43:54

Indian palm oil importers have effectively stopped all purchases from top supplier Malaysia after the government privately urged them to boycott its product following a diplomatic spat, industry and g...

EBL opens Agent Banking Outlet at Panchgaon Bazar of Brahmanbaria

FE Online Desk January 14, 2020 12:33:27

Eastern Bank Ltd (EBL) has recently opened an Agent Banking Outlet at Panchgoan Bazar of Bijoynagar in Brahmanbaria District. M Khorshed Anowar, Head of Retail and SME Banking of Eastern Bank Ltd (EB...

Participation in int'l bidding: India pushes for bypassing PPR

SYFUL ISLAM January 14, 2020 11:29:34

India has been, allegedly, pressing Bangladesh to allow its companies to participate in international tenders, floated by the latter, without meeting the criteria set in the Public Procurement Rules 2...

NBR allows EZ factories to import spare parts duty-free

FE Report January 14, 2020 10:58:22

The National Board of Revenue (NBR) has offered duty-free benefit on import of spare parts by the factories located inside the Economic Zones (EZs) of the country. The customs wing of the NBR issued...

Saudi Arabia takes highest number of workers in 2019

ARAFAT ARA January 14, 2020 10:53:25

Bangladesh sent the highest number of 399,000 workers to Saudi Arabia in 2019 amid continued deportation of migrants. That figure accounts for 57 per cent of a total of 700,159 workers, including 104...