Search results for: trade

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...

Bangladesh, Vietnam to sign FTA: Tofail

-- September 13, 2018 21:13:02

Bangladesh and Vietnam will sign free-trade agreement (FTA) soon to boost bilateral trade. Commerce Minister Tofail Ahmed made the disclosure on Thursday in Hanoi. “Vietnam’s Prime Minis...

Amazon boss attends board meeting in pyjamas

-- September 13, 2018 21:10:04

Jeff Bezos, Amazon chief and the world’s richest person, attended a board meeting in pyjamas on Wednesday and shared the new look on Instagram. Dressed in a dark blue night-suit with white pipin...

Turkey bans foreign currency in property market

-- September 13, 2018 19:24:29

Turkey is banning the use of foreign currencies in the country's property market as it looks to stem the dramatic fall of its own currency, the lira. President Recep Tayyip Erdogan issued a decree on...

Tk 8,000 fixed as minimum wage for RMG workers

-- September 13, 2018 18:33:32

The minimum wage of a readymade garment (RMG) worker has been raised to Tk 8,000 per month, as per a decision of the government taken on Thursday. The new minimum wage is a 51 per cent increase over...

SIBL, HATIL enter agreement

FE Online Desk September 13, 2018 15:00:26

Social Islami Bank Limited (SIBL) and HATIL Complex Limited have signed a Memorandum of Understanding (MoU) at the head office of the bank in the capital on Thursday. Under the agreement, SIBL's Isl...

US firms in China feeling trade war pinch: survey

-- September 13, 2018 14:45:44

American companies in China are being hurt by tariffs in the growing trade war between Washington and Beijing, according to a survey of hundreds of firms, prompting the US business lobbies behind the...

FSIBL opens new agent banking outlet

FE Online Desk September 13, 2018 14:04:13

First Security Islami Bank Ltd (FSIBL) opened its new agent baking outlet in Satkhira district on Wednesday. Syed Waseque Md Ali, managing director of FSIBL inaugurated the new agent banking unit at...

World Travel Awards: Hilton Kuala Lumpur continues winning streak

FE Online Desk September 13, 2018 13:30:15

Hilton Kuala Lumpur has once again been honoured with the winning titles of ‘Malaysia’s Leading Business Hotel’ and ‘Malaysia’s Leading Hotel Suite’ category at the...

Oil prices fall as economic concerns counter tightening supplies

-- September 13, 2018 13:24:08

Oil prices fell on Thursday, reversing some of the strong gains from the previous session, as economic concerns raised doubts about ongoing fuel demand growth. US West Texas Intermediate (WTI) crude...

Adobe eyes takeover of Marketo to boost cloud services

-- September 13, 2018 10:39:01

Adobe Systems, the maker of image-editing software Photoshop, is in negotiations to buy Marketo, a privately held cloud-based marketing software company, according to people familiar with the matter...

CPA hands over cheque to DC for land acquisition

Our Correspondent September 13, 2018 10:14:46

The Chittagong Port Authority (CPA) has handed over a cheque for Tk 3.5262 billion to the district administration for acquiring land for the construction of Bay Terminal along Halishahar coast. Chair...

Titas snaps several illegal gas connections last month

FE Report September 13, 2018 10:12:03

Titas Gas Transmission and Distribution Company Ltd last month cut off gas connections of a number of industrial and commercial units on charge of illegal use of the distribution system and non-paymen...

ADB for faster project execution

FE Report September 13, 2018 10:09:41

The Asian Development Bank (ADB) has suggested accelerating the implementation process of its assisted projects through early identification and quick resolution of execution issues. The suggestion...

Banks get one more year to link to NPSB

FE Report September 13, 2018 09:25:34

Banks have got one more year from the central bank to connect their point-of-sales (POS) terminals to the National Payment Switch Bangladesh (NPSB). Under the revised regulations, the banks and non-b...

Indonesia needs to deepen financial mkt

-- September 12, 2018 21:27:54

Indonesia needs to deepen its domestic financial market and have a smaller share of its debt owned by foreigners, its finance minister said on Wednesday, adding that economic fundamentals were broadly...

InterContinental Dhaka opens Thursday

-- September 12, 2018 19:33:19

After four years of basic renovation works, hotel Ruposhi Bangla, a historic hotel for many reasons, is set to reemerge with a new name as InterContinental Dhaka on Thursday. Addressing a press brief...

56 businesspeople to get CIP status Thursday

-- September 12, 2018 18:16:40

The government will recognise 56 businesspeople on Thursday as Commercially Important Persons (CIPs) for their contributions to the country's industrial sector. Industries Minister Amir Hossain Amu w...

BD not fourth largest remittance source for India: Shringla

FE Online Report September 12, 2018 18:12:52

Bangladesh is not the fourth largest source of foreign remittance for India, clarified Indian High Commissioner to Bangladesh Harsh Vardhan Shringla on Wednesday. He claimed that the information that...

DHL now delivers products for adidas Thailand

FE Online Desk September 12, 2018 16:50:29

DHL eCommerce, a division of the world's leading logistics company Deustche Post DHL Group, has facilitated growth of over 40 per cent for adidas Thailand's retail revenue by enabling deliveries for t...

TIB airs concern over BRTA's rejection of household survey

FE Report September 12, 2018 10:10:46

Transparency International Bangladesh (TIB) has expressed concern over Bangladesh Road Transport Authority (BRTA)'s rejection of a recent household survey on corruption in service sector. Instead of...