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Search results for: trade

Export to Russia crosses $300m mark

FE Online Report August 29, 2017 14:13:22

Bangladesh’s export to Russian Federation crossed $300 million mark during January-July period of the current calendar year.   Latest statistics, available with the Export Promotion Burea...

Green Delta Ins, BASIS ink deal

FE Online Desk August 29, 2017 13:53:45

Green Delta Insurance and Bangladesh Association of Software and Information Services (BASIS) Monday signed a Memorandum of Understanding in the city. Under this MoU, the member organizations of BAS...

Indian company to build power plant in Bangladesh

FE Report August 29, 2017 13:29:01

Another Indian firm will build a dual-fuel power plant in Bangladesh, this one in Bhola, with generation capacity of around 220 megawatts (MW).   Nutan Bidyut Bangladesh Ltd (NBBL), a newly est...

Tough time awaits tax-evading businessmen

-- August 29, 2017 09:58:50

The National Board of Revenue (NBR) has asked its field offices to be harsher on the businessmen who try to evade taxes, aiming to improve the revenue collection in the coming days.   The tax-c...

Central bankers unhappy with incentive bonus

FE Report August 29, 2017 09:56:51

The officials and employees of the central bank have expressed their frustrations as the authorities announced five incentive bonuses on the basis of their basic salaries as on June 30, 2015 instead o...

BD willing to ink € 50m loan deal with France next month

Rezaul Karim August 29, 2017 01:07:39

Bangladesh is eager to sign a €50 million credit agreement with France to fund its garment factory remediation, officials have said."We expect to sign a loan agreement worth €50 million with...

Garment factories renege on pledge to pay Eid bonus

FE Report August 29, 2017 01:02:02

About 40 per cent of the garment factories has failed to keep up the commitment of paying festival allowance within the set deadline as workers of those units are yet to get the payment, according t...

BD to become partner of paperless trade initiative Tuesday

-- August 28, 2017 19:25:54

Bangladesh will sign paperless trade agreement on Tuesday to become a partner of the initiative adopted by UNESCAP.   Commerce minister Tofail Ahmed, who left Dhaka on Monday for Bangkok, will...

Tannery relocation affects 92pc relocated workers: Study

-- August 28, 2017 18:19:37

As many as 92 per cent of the relocated tannery workers were affected by the relocation from Hazaribagh, due to loss of income and low standards of living in Savar. The study, conducted by the Sout...

Export to Canada reaches $696m in Jan-July

FE Online Report August 28, 2017 13:08:28

The country’s merchandise export to Canada reached $696 million in the first seven months of the current calendar year, according to the latest estimate of the Export Promotion Bureau (EPB). &n...

BB asks banks to keep ADCs open round the clock

Siddique Islam August 28, 2017 12:41:09

The central bank has asked the commercial banks to ensure round-the-clock operation of alternative delivery channels (ADCs) during the upcoming Eid-ul-Azha holidays in order to facilitate smooth trans...

BD urges India to accept BSTI certification for 14 new items

Doulot Akter Mala August 28, 2017 12:38:26

Bangladesh has proposed India to accept Bangladesh Standards and Testing Institution (BSTI) certification for 14 new products to ensure their hassle-free export, as the latter often refuses to recogni...

Spent fuel deal likely Aug 30

FE Report August 28, 2017 12:27:11

Bangladesh is set to ink a deal with Russia on sending back the spent fuel as waste from the Rooppur Nuclear Power Plant (RNPP), officials said.   They said the agreement is expected to be s...

Cash withdrawal from ATM up by 6pc in past fiscal

FE Online Report August 28, 2017 12:03:48

Annual cash withdrawal from the country’s Automated Teller Machine (ATM) increased by around 6 per cent in the past fiscal year (FY17).   Latest statistics of Bangladesh Bank showed that...

Oil unsteady as storm hits petroleum industry

Reuters August 28, 2017 11:24:56

Oil markets were roiled on Monday after Hurricane Harvey wreaked havoc along the US Gulf coast over the weekend, knocking out numerous refineries and some crude production.   Gasoline prices hi...

Harvey throws a wrench into US energy engine

Reuters August 28, 2017 09:56:39

A hurricane in the heart of the US energy industry is set to curtail near-record US oil production for several weeks, with the impact expected to reverberate throughout the country and across internat...

Insufficient processing plant limits vegetable export to Qatar: Tofail

-- August 27, 2017 18:20:54

Commerce Minister Tofail Ahmed said although there is a huge demand of Bangladeshi vegetable in Qatar, export of the product is limited due to lack of processing plant in the country.   However...

Explore new export markets: PM

-- August 27, 2017 14:16:51

Urging the industry owners and workers to maintain good relations for mutual benefits, Prime Minister Sheikh Hasina on Sunday called for exploring new export markets as the traditional markets are not...

Benchmark PR partners with Banglalink

-- August 27, 2017 12:34:48

Benchmark PR, a pioneer public relations company in Bangladesh, has taken charge of the strategic and corporate communications of Banglalink, the leading digital services provider in Bangladesh. &nbs...

WTO, ICC jointly launch move to boost small business

FE Online Report August 27, 2017 12:20:06

The World Trade Organisation (WTO) and the International Chamber of Commerce (ICC) have jointly launched an initiative to facilitate the participation of the smaller companies in global trade.  ...

DIBOR closes with overnight 3.83pc

FE Online Report August 27, 2017 10:09:22

Inter-bank money market in Dhaka has closed the day trading with 3.83pc overnight Dhaka Inter-Bank Offer Rate (DIBOR), according to Bangladesh Foreign Exchange Dealers’ Association (BAFEDA). It...

Marcel exceeds target of refrigerator sales

-- August 26, 2017 21:25:06

Marcel, one of the leading manufacturers of electronics and electrical appliances in Bangladesh, crossed the target of its refrigerator sales, set for the current month on the occasion of upcoming Eid...

BPC re-tenders to export 170,000 barrels naphtha

FE Report August 26, 2017 13:34:49

State-run Bangladesh Petroleum Corporation (BPC) has re-tendered to export 170,000 barrels of heavy naphtha for September delivery as the prices it received in previous tendering were too low, said a...

Mastercard announces Eid-ul-Azha campaign

FE Online Desk August 26, 2017 13:30:37

 Mastercard recently announced the launch of its new campaign for Eid-ul-Azha which comes with a host of exciting offers ahead of the Holy day. The campaign aims to promote the use of Mastercard...

Biman to borrow $516.34m to make ‘delivery payment’

Rezaul Karim August 26, 2017 10:32:43

Biman Bangladesh Airlines (BBA) will borrow US$ 516.34 million to make final payment against the delivery of four passenger aircraft as part of its move to rebuild its fleet, officials said. The nati...

Oil prices rise as storm catches companies

-- August 25, 2017 20:53:14

Oil prices rose on Friday as the US petroleum industry braced for Hurricane Harvey, which has grown into what may become the biggest storm to hit the US mainland in more than a decade.   Harvey...

WB okays $59m 'costly' loan for power sector

FE Report August 25, 2017 13:24:09

Bangladesh has got access to the World Bank's costly lending regime in a credit line valued at US$59 million.   While Bangladesh will be the first recipient of the bank's newly-introduced windo...

Samsung chief gets 5-year prison term

-- August 25, 2017 13:13:59

A court in South Korea has sentenced Samsung's billionaire heir-apparent Lee Jae-yong to five years in prison for corruption.   Lee was convicted of bribery in a scandal that also saw the impea...

Samsung heir jailed for graft

-- August 25, 2017 13:02:47

A court in South Korea has sentenced Samsung's billionaire heir-apparent Lee Jae-yong to five years in prison for corruption. Mr Lee was accused of bribery in a scandal that also saw the impeachmen...

Rice imports jump

-- August 24, 2017 14:44:39

Bangladesh has been importing about 7,000 tonnes of rice a day since the government slashed duty to make up for crop losses in two consecutive floods. The government and private traders have imported...