Search results for: trade

Amazon, GM in talks to invest in Tesla rival Rivian

-- February 13, 2019 13:12:40

Amazon.com and General Motors are in talks to invest in Rivian Automotive LLC in a deal that would value the US electric pickup truck manufacturer at between $1 billion and $2 billion, people famili...

CPA asks MLOs not to charge excessive fees on containers

Syful Islam February 13, 2019 11:04:15

The mainline operators (MLOs), who carry containers to and from Bangladeshi ports, have been asked not to realise charges on importers violating regulations of the Chittagong Port Authority (CPA), s...

BB, SME Foundation sign deal on Tk 500m loan scheme

FE Report February 13, 2019 10:56:11

The SME Foundation with support from Bangladesh Bank (BB) will provide the small and medium enterprises (SMEs) with low-cost loans through different financial institutions. In this regard, the cent...

'Impose VAT on all, scrap exemption provision'

Doulot Akter Mala February 13, 2019 10:49:26

A revenue board committee has proposed the government to impose Value Added Tax (VAT) at a reduced rate on all businesses by scrapping the provision of exemption ceiling for small businesses in the ne...

Govt to launch database of overseas jobseekers by March

Arafat Ara February 13, 2019 09:41:13

The government is set to launch a database of overseas jobseekers by March this year, officials said. Only those who have already decided to go abroad with jobs will be able to include their names on...

RMG grabs the lion’s share of cash incentives

Jasim Uddin Haroon February 13, 2019 09:31:56

The country's export-oriented apparel units are bagging the most part of the government's cash incentives, directly and indirectly. The local export-oriented textile industries receive around 40 per...

Pakistan, India hope to reap investment from Saudi prince’s visit

-- February 12, 2019 21:45:05

Saudi Arabia's Crown Prince Mohammed bin Salman is expected to announce investments in energy and infrastructure during a visit to India and Pakistan in coming days, reports Reuters. The prince, know...

Call to improve investment atmosphere for attracting foreign investors

FE Online Report February 12, 2019 18:40:28

Bangladesh Investment Development Authority (BIDA) on Tuesday called upon authorities concerned to eliminate rifts between public and private sector in order to create investment friendly atmosphere f...

BB inks deal with SME Foundation

-- February 12, 2019 17:13:31

Bangladesh Bank (BB) on Tuesday signed a loan agreement of Tk 500 million with SME Foundation to expand its credit programme. In presence of BB Governor Fazle Kabir, General Manager of the BB’s...

Samsung Galaxy M10 hits Bangladesh market

-- February 12, 2019 16:38:07

The Galaxy M10 smartphone, designed specifically for the millennial lifestyle, has been made available in the local market by Samsung Bangladesh. This highly-anticipated affordable phone comes with...

11,000 RMG workers lose jobs over labour unrest

FE Online Report February 12, 2019 14:06:15

At least 11,000 workers of 99 garment factories have been fired from jobs for the alleged involvement in the labour unrest during the recent movement demanding implementation of the wage board and rem...

Flower business in Jashore blooms in February

-- February 12, 2019 13:16:10

The flower growers and traders of Jashore's Jhikargacha upazila, one of the largest flower markets of the country, are optimistic about a big sale - targeting more than Tk 0.7 billion - in February, B...

BD sets sights on recruitment brokers to curb abuse, trafficking

Thomson Reuters Foundation February 12, 2019 12:38:03

Bangladesh government is planning to sideline unscrupulous recruitment brokers who dupe or exploit workers they send abroad by compiling a list of certified agents as record numbers of its citizens sp...

Boring work of Karnaphuli tunnel starts on Feb 24

FE Report February 12, 2019 10:40:35

Boring work of the Karnaphuli tunnel, first of its kind in the country, will start on February 24. Prime Minister Sheikh Hasina will inaugurate the boring work of the 3.4-kilometre tunnel during he...

JMI Group to execute LPG projects

FE Report February 12, 2019 10:37:19

The JMI Group has forayed into the booming LPG business and now looks to grab a significant portion of the market share by utilising investments from foreign and local sources. The conglomerate, havi...

All set for MWT installation in Ctg

Pankaj Dastider February 12, 2019 09:54:14

CHATTOGRAM: Authorities are all set to install the Mass Water Transport (MWT) system in the port city, the first one in the country, with waterbuses to ferry the airport-bound passengers from Sadargha...

BSC plans to buy few more vessels

FHM Humayan Kabir February 12, 2019 09:37:57

The state-owned Bangladesh Shipping Corporation (BSC) has a plan to procure four large oil-tankers and two bulk carriers each having capacity between 80,000 and 125,000 dead-weight tonnes (DWT), offic...

Computer parts makers to enjoy tax benefit

FE Report February 12, 2019 09:33:00

The revenue board has extended the duty benefits covering the import of raw materials and equipment for local production of computer spare parts, accessories, and other digital products. Last week, t...

BDT deflates notably against US$

Siddique Islam February 12, 2019 09:27:16

The exchange rate of the Bangladesh Taka (BDT) depreciated significantly against the US dollar on Monday, mainly due to higher demand for the greenback in the market for settling the import bills. Th...

Accord proposes 281-day exit plan

Monira Munni February 12, 2019 09:20:05

The western retailers' platform Accord has proposed a 281-day plan before it hands over its ongoing safety-related function in the country's readymade garment sector to a relevant authority, officials...

Samsung brings Galaxy M10 in BD market

FE Online Desk February 11, 2019 21:37:25

Samsung has brought the most anticipated smartphone ‘Galaxy M10’, designed specifically for the millennial lifestyle, in Bangladesh market. The smartphone comes with infinity-V display an...

BAT Bangladesh announces nine months maternity leave

FE Online Desk February 11, 2019 20:05:15

British American Tobacco Bangladesh (BAT Bangladesh) has announced the opportunity for enjoying maternity leave of nine months for the female employees of the organisation. Shehzad Munim, managing di...

Uber launches operations in Sylhet

FE Online Desk February 11, 2019 18:27:04

Uber, the world's largest ridesharing company, has announced its the launch of operations in Sylhet, the third city in the country where people will enjoy the services. After Dhaka and Chittagong, th...

Philippines opens visa centre in Ctg

FE Report February 11, 2019 15:16:55

Chittagong City Corporation Mayor AJM Nasir Uddin said recently the opening of the Philippines visa centre in the port city would embolden the ties between the two countries. He was speaking as the c...

Dhaka Bank signs agreement with United Hospital

FE Online Desk February 11, 2019 15:05:20

Dhaka Bank Limited has recently signed a corporate medical services agreement with United Hospital at the hospital’s corporate office. Under the agreement, Dhaka Bank employees and their depend...

Square Toiletries holds annual sales conference

FE Online Desk February 11, 2019 13:47:16

Square Toiletries Limited has recently arranged its ‘Annual Sales Conference- 2019’ at the ballroom of Hotel Sea Palace in Cox’s Bazar. Anjan Chowdhury, Managing Director of the com...

Oil prices fall as US rig count rise, trade concerns

-- February 11, 2019 12:45:33

Oil prices fell by around 1 per cent on Monday as drilling activity in the United States, the world’s largest oil producer, picked up and financial markets were pulled down by trade concerns. A...

Mahindra plans to expand its business in Bangladesh

Babul Barman February 11, 2019 10:46:25

Mahindra & Mahindra, a part of the $20.70-billion Mahindra Group, is planning to further expand its business in Bangladesh. The Indian multinational automaker has an ambitious goal to expand its...

Investors should press int'l brands more: Report

Monira Munni February 11, 2019 10:39:48

Investors should increase their leverage on goals and strategies of global brands to ensure that workers in Bangladesh ready-made garment (RMG) factories get living wages, a latest report opined. Acc...

Indian co proposes exporting LNG

M Azizur Rahman February 11, 2019 09:54:03

India's H-Energy has proposed exporting re-gasified LNG to Bangladesh to help run a state-owned 800-megawatt (MW) combined cycle power plant at Rupsha in the southern Khulna region. In its proposal...