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Search results for: trade

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...

Consumers shifting to non-cash shopping, slowly

FE Online Report September 05, 2017 10:54:42

Consumers in the country are slowing adopting non-cash means of shopping.   The trend is reflected in the growing transactions through the point-of-sale (POS) machines.   Latest statisti...

Ctg port records all-time high container handling

Pankaj Dastider September 05, 2017 10:16:58

The Chittagong port handled a record volume of containers -- 2,30,725 TEUs -- in August, which surpassed the previous record made in March this year.   The country's prime maritime port has br...

Prices of rawhide, skins fall sharply this year

 Jasim Uddin Haroon and Talha Bin Habib September 05, 2017 09:54:23

The prices of rawhide and skins have dropped significantly this year as a section of tanners and traders were reluctant to raise its prices.   Many believe the government's announcement on keep...

Govt retakes eight mills as private operators fail

Monira Munni September 05, 2017 09:50:59

The government has taken back eight jute and textiles mills from their private entrepreneurs as the latter breached the major terms and conditions of privatisation, officials said. Failure to creat...

Tyremaker Pirelli to sell 40pc stake in Milan mkt comeback

-- September 04, 2017 20:42:07

MILAN, Sept 4 (Reuters): Italian tyremaker Pirelli, bought by state-owned China National Chemical two years ago, will sell up to 40 per cent of its capital in an initial public offering as it plans to...

Novartis CEO to step down in January

-- September 04, 2017 16:57:23

Novartis AG said its Chief Executive Joe Jimenez is to step down in January after leading the Swiss pharmaceutical giant through a tumultuous eight years marked by big patent expiries and intensifying...

Service trade crosses $10 billion mark in FY17

FE Online Report September 04, 2017 14:32:10

The country’s trade in service with the rest of the world crossed the $10 billion level in the past fiscal year (FY17).   Latest statistics of the central bank showed that total value of...

Meeting between Prime Exchange, Monetary Authority of Singapore held

FE Online Desk September 04, 2017 14:00:03

Recently a meeting was held between Prime Exchange Co. Pte.  Ltd. Singapore and Monetary Authority of Singapore. Marcus Lim, Deputy Director & Head of Payment & Infrastructure Division, T...