Search results for: trade

Move to raise industrial gas price as LNG supply kicks off

-- September 15, 2018 21:51:43

The authorities will raise gas prices for connections to industrial units ‘very soon’ as the supply of imported liquefied natural gas or LNG has started.  Prices of gas to households...

Iran says Saudi Arabia, Russia have taken oil market 'hostage'

-- September 15, 2018 20:45:26

LONDON, Sept 15 (Reuters): Iran's OPEC governor said on Saturday that Saudi Arabia and Russia have taken the oil market "hostage" as US President Donald Trump seeks to impose fresh sanctions on Irania...

Trade and business tops on attracting Islamic credits

FE Online Report September 15, 2018 17:40:06

Trade and business sector attracted the highest amount of investment made by the country’s Islamic banking industry at the end of the past fiscal year (FY18). Central bank statistics showed tha...

US-Bangla to add two Boeing aircrafts to its fleet   

-- September 15, 2018 17:30:38

US-Bangla Airlines is set to add two new Boeing 737-800 aircrafts to their fleet by November. The new aircrafts will be able to accommodate 167 passengers each, with eight in business class and 159 i...

Trade gap stands at $1.17b in July

FE Online Report September 15, 2018 17:03:27

Country’s merchandise trade gap with the rest of the world stood at $1.17 billion in July, the first month of the current fiscal year (FY19). Central bank statistics, released on Thursday, also...

G20 seeks WTO reform ‘urgently’ as new Trump tariffs loom

-- September 15, 2018 15:24:56

Trade and investment ministers from G20 countries meeting in Argentina said there was an “urgent need” to improve the World Trade Organization, a joint statement said on Friday. With US P...

Modhumoti Bank signs MoU with Titas Gas

FE Online Desk September 15, 2018 14:37:42

Titas Gas Transmission & Distribution Company Ltd (TGTDCL) has signed a memorandum of understanding (MoU) with Modhumoti Bank Limited (MMBL) over its bill collection. The MoU signing ceremon...

Exchange rate depreciates by 3.70pc in FY18, REER dips

FE Online Report September 15, 2018 13:14:26

Country’s nominal exchange rate depreciated by 3.70 per cent in the past fiscal year (FY18), according to the latest statistics of the central bank. It showed that the per-unit exchange rate of...

Vivo launches "V11 Pro" in Bangladesh

-- September 15, 2018 11:57:37

China's smartphone producer Vivo Communication Technology Co officially unveiled its latest flagship smartphone V11 Pro during a ceremony held in the Dhaka on Friday night. The V11 Pro, the success...

Deposits in Islamic banks crossed Tk 2.20 trillion in FY18

FE Online Report September 15, 2018 11:36:57

Total deposits in the country’s Islamic banking industry crossed Tk 2.20 trillion in the past fiscal year (FY18). The amount reached Tk 2.24 trillion at the end of June, 2018, according to the...

Country's first village super market to open at Dumuria

FE Report September 15, 2018 11:04:50

The country's first village super market (VSM) is set to open in Khulna, aiming to benefit both farmers and agri-businesses by lessening middlemen's influence. Solidaridard Network Asia, a Netherland...

Local funds weaning MFIs off foreign grants

FE Report September 15, 2018 10:21:33

The flow of domestic financing for microcredit organisations is on the rise lessening their dependence on overseas funds, officials said. Micro-finance institutions (MFIs) are mainly dependent on c...

TCB in the doldrums for fund shortage, lack of workforce

Rezaul Karim September 15, 2018 10:13:52

Trading Corporation of Bangladesh (TCB) has neither made any significant contribution to the public exchequer nor benefited the country's consumers over the years, opined experts. Rather, the state-r...

Ridesharing becomes costlier on growing demand

Adnan Hossain Bhuiyan September 15, 2018 10:09:08

App-based ride-hailing services have become costlier for city commuters due to its growing demand mainly during rush hours. Many of the users said they have been experiencing a random fare hike in su...

Trump denies pressure for trade deal as China welcomes US talks invite

-- September 14, 2018 20:52:55

US President Donald Trump said on Thursday that the United States (US) was under no pressure to make a trade deal with China, even as Chinese officials welcomed an invitation from Washington for a new...

Export price of Indian rice hits 17-month low

-- September 14, 2018 20:51:01

Rice export prices in India slumped this week as the rupee fell and demand remained weak with buyers expecting further dips, reports Reuters. Low supplies and the prospect of a new deal with the Phil...

Oil prices claw back on supply concerns

-- September 14, 2018 20:50:07

Oil on Friday clawed back some of its losses from the previous session, when prices fell the most in a month, with concerns about supply countering worries that emerging market crises and trade disput...

Visitors throng 'We Colourful Fest 2' on Friday

FE Online Report September 14, 2018 19:30:39

‘We Colourful Fest 2’, which began on Thursday at the capital’s Stamford University Bangladesh, witnessed a good number of visitors on Friday. Women and e-Commerce Forum, a part of...

FBCCI for utilising Blue Economy

-- September 14, 2018 16:41:52

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has called upon all to work together for taking benefit from the Blue Economy for developing the country. The apex business body mad...

NWPGCL plans to generate 10,000MW of electricity by 2030

-- September 14, 2018 16:29:35

The state-owned North-West Power Generation Company Limited (NWPGCL) has planned to generate 10,000MW of electricity by 2030. The company, founded in 2007 as a generation entity for the country's nor...

China backs world trade system reform

-- September 14, 2018 14:43:38

The current world trade system is not perfect and China supports reforms to it, including to the World Trade Organization, to make it fairer and more effective, Beijing’s top diplomat said. Chi...

Foreign funds: Infrastructure building, quick access to power hold the key

FE Report September 14, 2018 14:09:36

There is a need for visible improvement in infrastructure building and prompt electricity connections to industries for tapping more foreign investments in the country. Besides, a changed mindset of...

Dhaka, Washington hold talks on trade, labour reforms

-- September 14, 2018 13:43:05

Bangladesh and the United States have discussed trade, digital economy and labour reforms at a key meeting in Washington. The United States-Bangladesh Trade and Investment Cooperation Forum Agreement...

Amazon's Jeff Bezos in $2 billion philanthropy move

-- September 14, 2018 13:25:38

Jeff Bezos, president and CEO of Amazon and owner of The Washington Post, speaks at the Economic Club of Washington DC's "Milestone Celebration Dinner" in Washington, US, September 13, 2018. Reuters...

Walmart to acquire Mexico food delivery app

-- September 14, 2018 12:54:38

Walmart says it will acquire Latin American food delivery service Cornershop for $225 million, in a move to ramp up its online grocery business in Mexico and Chile. The deal mirrors Walmart’s...

Volkswagen to end production of the Beetle next year

-- September 14, 2018 11:59:34

Volkswagen said on Thursday it would stop producing its Beetle compact car in 2019, ending a model that looked backward to the 1960s counterculture, as the automaker prepares for a leap towa...

Hilsa prices up in Dhaka

FE Report September 14, 2018 10:28:25

The prices of hilsa increased in the kitchen markets of Dhaka city last week. Traders attributed this hike to a low catch of the delicious silvery fish in the fishing hubs. Official data also reveal...

Corporate biggies queue up to secure LNG power plant contracts

M Azizur Rahman September 14, 2018 09:48:38

A section of businessmen have now queued up to bag LNG-based large power plant contracts bypassing bidding process, as allowed under a special law enacted in 2010 for power and energy sector. Many en...

'Graft in Malaysia' impedes BD’s manpower export

Mir Mostafizur Rahaman September 14, 2018 09:37:17

Corruption impedes the smooth process of manpower export to Malaysia from Bangladesh, said Prof Jomo Kwame Sundaram, a leading economist of Malaysia and former assistant secretary general of the Unite...

World sleepwalking to financial crisis: Brown

-- September 13, 2018 21:52:01

Former British Prime Minister Gordon Brown warned that the world is on the verge of sleepwalking into another financial crisis because governments have failed to tackle the causes of the last major fi...