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Search results for: trade

Telenor, Axiata end talks on merger of Asian operations

-- September 06, 2019 17:19:54

Telenor Group and Axiata Group Bhd have mutually agreed to end discussions to merge their Asia operations to gain a bigger foothold in the region’s mobile phone market with potentially 300 milli...

NBR exempts fertiliser import from AT

FE Report September 06, 2019 15:15:22

The National Board of Revenue (NBR) has exempted import of all types of chemical fertilisers from paying Advance Tax (AT) to facilitate agriculture production. The importers will enjoy the exemption...

China for concrete efforts to create favourable conditions for trade talks

Xinhua September 06, 2019 14:41:15

China and the United States agreed to jointly take concrete actions to create favourable conditions for subsequent consultations, a spokesman for China's Ministry of Commerce (MOC) said Thursday. Thi...

Momen for enhancing business link with Sri Lanka

-- September 06, 2019 13:07:35

Foreign minister A K Abdul Momen has emphasised signing a ‘Coastal Shipping Agreement’ for enhancing trade and commerce links between Bangladesh and Sri Lanka. He came up with the importa...

RMG suppliers under price cut pressure: Report

Monira Munni September 06, 2019 12:12:42

Despite their overhead cost increased due to the recent wage hike, Bangladeshi readymade garment (RMG) manufacturers are facing continuous pressure from the global buyers to reduce the products prices...

No place like home: Chinese firms build up domestic brands

Reuters September 06, 2019 11:06:49

For over a decade, manufacturer Matsutek plied away at building its business with big Western brands, supplying firms such as Philips and Honeywell with products made in its Chinese factories for the...

BD to seek $5.4b loan confirmation from China

FHM Humayan Kabir September 06, 2019 10:36:28

Bangladesh is likely to seek confirmation of US$ 5.40 billion Chinese loan for 11 priority projects, whose implementation has been delayed for years due to lack of foreign assistance, officials said o...

Air cargoes see exponential growth

Kamrun Nahar September 06, 2019 10:30:53

Bangladesh's air cargo sector has witnessed a phenomenal growth in international and domestic freight movement over the past 10 years through 2018. It has showed 154 per cent and 479 per cent growth...

WB to upscale aid for pro-people dev projects

FE Report September 06, 2019 10:14:40

The World Bank has agreed to pay Bangladesh as much as it needs to carry out development work provided the projects are for the wellbeing of people, finance minister AHM Mustafa Kamal said on Thursday...

Banks find fresh fortune as savers swarm

FE Report September 06, 2019 09:49:40

The country's banking sector saw deposits swell in July as savers turn away from putting money into the national savings instruments. The growth in deposits leaped more than 12 per cent year-on-year...

Friendship Colours of the Chars opens first outlet in capital

FE Online Report September 05, 2019 20:03:20

Friendship Colours of the Chars, a concern of non-government organisation Friendship, has launched its first retail shop in the capital's Banani area. The shop features an exquisite line of handmade...

City Bank wins TFP Momentum Award from ADB

FE Online Report September 05, 2019 19:24:44

City Bank has recently been honoured with the “TFP Momentum Award” from Asian Development Bank (ADB) at the ADB TFP Awards 2019 Ceremony. Sheikh Mohammad Maroof, additional managing direc...

Samsung Galaxy Fold to be launched Friday

-- September 05, 2019 12:57:39

Samsung's first foldable phone will go on sale on Friday after problems delayed its initial release. The Galaxy Fold will be available on 6 September in South Korea, followed by select countries incl...

Trade talks with US in October: China

Reuters September 05, 2019 12:02:39

China and the United States agreed to hold high-level trade talks in early October in Washington, China’s commerce ministry said on Thursday, amid fears that an escalating trade war could trigge...

Indian rupee unlikely to gain traction: Poll

Reuters September 05, 2019 11:19:18

The Indian rupee will not regain ground lost against the dollar in the coming year, according to strategists polled by Reuters, who believe a recent rollback of a surcharge on foreign investments will...

Brexit will not affect export of Bangladesh, PM says

-- September 04, 2019 17:42:22

Prime Minister Sheikh Hasina has said Brexit will not hamper the business, especially export, of Bangladesh as the export-related agreements with the foreign countries, particularly the European ones,...

SIBLopens booth at Kalma Bazar, Savar

FE Online Desk September 04, 2019 17:33:57

Social Islami Bank Limited (SIBL) opened its Kalma Banking Booth at Kalma Bazar, Savar, Dhaka, managed by Savar Branch of the Bank on Wednesday. Mr. Quazi Osman Ali, Managing Director and CEO of the...

UCB signs deal with Narayangonj District Police

FE Online Desk September 04, 2019 17:29:19

United Commercial Bank Limited (UCB) and Narayangonj District Police recently signed an agreement on Traffic Case payment through UCash, Mobile Financial Services of UCB. As per the agreement, traffi...

Pubali Bank holds confce of Mymensingh Region

FE Online Desk September 04, 2019 17:23:44

 The ‘2nd Managers Conference-2019’ participated by all Managers of Mymensingh Region of Pubali Bank Limited was held recently. Safiul Alam Khan Chowdhury, Additional Managing Dire...

PRAN Dairy arranges awareness event for farmers to produce safe milk

FE Online Desk September 04, 2019 17:18:33

PRAN Dairy organised an awareness program for farmers to produce safe milk. The program was held at PRAN Dairy Complex at Shahjadpur in Sirajganj on Wednesday.   The speakers at the program und...

MoU inked between Petrobangla, IFIC Bank

FE Online Desk September 04, 2019 17:12:05

A Memorandum of Understanding (MoU) between Petrobangla and IFIC Bank for making payment of bill for LNG terminal fee in foreign currency was signed on Wednesday at Petrobangla’s  Borad Roo...

China Development Bank steps up financing support for small firms

Xinhua September 04, 2019 15:13:32

China Development Bank (CDB), a development financial institution, has worked with smaller financial institutions to boost loan support to small businesses and the agriculture sector as the government...

Beauty parlour business growing fast sans regulation, monitoring

Saif Uddin September 04, 2019 10:39:18

Beauty parlour services in the country are expanding fast without proper regulations and monitoring by the government agencies, thus risking health hazards, insiders have said. As the services ha...

5.0pc AIT goes on import of edibles

FE Report September 04, 2019 10:16:25

The National Board of Revenue (NBR) has withdrawn a 5.0-per cent advance income tax (AIT) on the import of edible oils, both crude and refined. The move has been made for the industries located o...

Insurers call for raising cash transaction limit

FE Report September 04, 2019 10:01:42

Country's 45 non-life insurers have urged the authorities concerned to raise the cash transaction limit ten times from existing Tk 10,000. Insurance Development and Regulatory Authority (IDRA) in its...

Savers resent ‘whimsical’ deduction of source-tax

Doulot Akter Mala September 04, 2019 09:50:51

Savers have resented the deduction of tax at higher rate on the yield of their government savings tools (Sanchayapatras) that had fallen due on or before June 30 last. Whims rather than reasons and r...

2,460 brick kilns run in country illegally

Sajibur Rahman September 03, 2019 18:08:22

A large number of brick kilns are still operating across the country illegally due to lax monitoring and supervision by the authorities concerned, putting harmful impacts on the environment and public...

EBL signs customer benefit deal with US-Bangla Airlines

FE Online Desk September 03, 2019 13:16:28

Eastern Bank Ltd (EBL) and US-Bangla Airlines recently signed an agreement in the city. Under this deal, EBL cardholders will enjoy special offers on air tickets for traveling with US-Bangla Airlines...

JERA to get 49pc of Reliance’s power project

-- September 03, 2019 12:48:43

Japan’s JERA has agreed to acquire stakes in a power project in Bangladesh now under development by Reliance Power. Under the agreement, signed with the India’s Reliance Power, it will ac...

China files case at WTO against US tariffs

-- September 03, 2019 12:28:39

China on Monday announced that it had filed a case at the World Trade Organization (WTO) against the United States following its implementation of the additional 15-per cent tariffs imposed on 300 bil...