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Search results for: trade

Amazon boss Jeff Bezos announces $1bn Indian investment

-- January 15, 2020 14:43:38

Amazon boss Jeff Bezos has announced a major investment in India, saying the country is a key growth market. Mr Bezos said his firm will invest $1bn (£770m) in digitising small and medium busin...

US, China set to sign massive purchases deal, easing trade war

Reuters January 15, 2020 12:59:11

The US-China trade war is set to enter a new, quieter phase on Wednesday as US President Donald Trump and Chinese Vice Premier sign an initial trade deal that aims to vastly increase Chinese purchases...

The Body Shop launches its second store in Bangladesh

FE Online Desk January 15, 2020 11:29:46

Celebrating its second year of operations in Bangladesh, The Body Shop, the original, British-born, ethical cosmetics brand, has extended its retail footmark in the country by opening the second outle...

Oilseed yield low on cold wave, dense fog

YASIR WARDAD January 15, 2020 10:35:57

Oilseed production has witnessed a drop this season due to a prolonged cold wave, coupled with heavy fog, creating huge losses to farmers. Agriculturists say oilseed production area has increased, bu...

Autogas pump price shoots up by 19pc

FE REPORT January 15, 2020 10:31:04

The pump price of autogas, the liquefied petroleum gas (LPG) used in vehicles, surged by around 19 per cent to Tk 50 per litre from Tk 42 this week. Privately-owned LPG importers and marketers have i...

BGMEA identifies 51 products to diversify export basket

Monira Munni January 15, 2020 10:28:39

The apparel apex body, BGMEA, has identified 51 readymade garment (RMG) items having potentials in the international market, sources said. They said the entrepreneurs could invest to manufacture the...

Desperate Biman again seeks fiscal concessions

SYFUL ISLAM January 15, 2020 10:11:58

Biman Bangladesh Airlines, the national flag carrier, has pleaded for converting its Tk 25 billion debt to the government into equity and waiving another Tk 27 billion it owes to two state entities, o...

India urges boycott of Malaysian palm oil after diplomatic row

REUTERS January 14, 2020 15:43:54

Indian palm oil importers have effectively stopped all purchases from top supplier Malaysia after the government privately urged them to boycott its product following a diplomatic spat, industry and g...

EBL opens Agent Banking Outlet at Panchgaon Bazar of Brahmanbaria

FE Online Desk January 14, 2020 12:33:27

Eastern Bank Ltd (EBL) has recently opened an Agent Banking Outlet at Panchgoan Bazar of Bijoynagar in Brahmanbaria District. M Khorshed Anowar, Head of Retail and SME Banking of Eastern Bank Ltd (EB...

Participation in int'l bidding: India pushes for bypassing PPR

SYFUL ISLAM January 14, 2020 11:29:34

India has been, allegedly, pressing Bangladesh to allow its companies to participate in international tenders, floated by the latter, without meeting the criteria set in the Public Procurement Rules 2...

NBR allows EZ factories to import spare parts duty-free

FE Report January 14, 2020 10:58:22

The National Board of Revenue (NBR) has offered duty-free benefit on import of spare parts by the factories located inside the Economic Zones (EZs) of the country. The customs wing of the NBR issued...

Saudi Arabia takes highest number of workers in 2019

ARAFAT ARA January 14, 2020 10:53:25

Bangladesh sent the highest number of 399,000 workers to Saudi Arabia in 2019 amid continued deportation of migrants. That figure accounts for 57 per cent of a total of 700,159 workers, including 104...

Govt to invest $1.0b in ship-building yard

TALHA BIN HABIB January 14, 2020 10:28:30

The government in collaboration with two foreign companies will build a modern ship-building yard in southern Patuakhali, an official said. The state-of-the-art ship building yard along with backward...

Four trade fairs to kick off in city on January 15

FE ONLINE REPORT         January 13, 2020 18:11:06

Four international trade shows, under the banner GARMENTECH Bangladesh 2020, will begin in the city on Wednesday aimed at developing the readymade garment (RMG) sector. Around 450 companies from more...

Oman offers fertilizer sale to Bangladesh

-- January 13, 2020 17:40:06

Oman has offered to sell fertilizer to Bangladesh at a competitive price. Minister of Oil and Gas of Oman Dr Mohammed bin Hamad Al Rumhi gave the offer during a bilateral meeting with energy adviser...

Walmart sacks 56 executives in India as part of restructuring

-- January 13, 2020 14:00:42

Walmart Inc, the world’s largest retailer, has fired 56 of its executives in India as it restructures in the country. The move underscores the challenges Walmart has faced in expanding its whol...

China's trade deal commitments not changed: US

REUTERS January 13, 2020 13:40:14

China’s commitments in the Phase 1 trade deal with the United States were not changed during a lengthy translation process and will be released this week as the document is signed in Washington,...

SBAC settles death claim

FE Online Desk January 13, 2020 13:13:25

Md. Golam Farque, Managing Director & CEO of South Bangla Agriculture and Commerce Bank Ltd and Ahmed Istiaque Mahmud, EVP & Head of Bancassurance, Guardian Life Insurance handed over a cheque...

MTB hands over blankets to CCCL

FE Online Desk January 13, 2020 12:30:15

Mutual Trust Bank Limited (MTB), as part of its Corporate Social Responsibility (CSR) initiatives, has recently donated blankets for distribution amongst the cold-affected people of different regions...

Power grid installation project: Irregularities blamed for cost, time overrun

FHM HUMAYAN KABIR January 13, 2020 11:40:52

An evaluation has found irregularities and mismanagement in a power grid installation project, resulting in its cost and time overrun, insiders said. They said the state-run Power Grid Company of Ban...

Oil steady on easing US-Iran tensions, eyes on China trade deal

REUTERS January 13, 2020 11:31:53

Oil prices held steady on Monday as fears of conflict between the United States and Iran eased, with investors shifting their focus to this week’s scheduled signing of an initial US-China trade...

Dredging of Mongla Port channel to end by June

FE REPORT January 13, 2020 10:54:14

The Mongla Port channel dredging project would be completed by June next, facilitating ships with 10-metre draft to anchor at the seaport, officials said. The Mongla Port Authority (MPA) has engaged...

BD starts exporting LPG to India

M AZIZUR RAHMAN January 13, 2020 10:31:59

Bangladesh has started commercial export of liquefied petroleum gas (LPG) to neighbouring India with initial shipment of around 1,000 tonnes per month. Two privately owned firms -- Omera Petroleum an...

Source tax on cash incentives halved

FE REPORT January 13, 2020 09:50:44

The government has halved source tax on cash incentives for traders in order to facilitate export-oriented sectors. From now on, exporters will enjoy 5.0 per cent tax rate on cash subsidy instead of...

Coca-Cola eyes closer ties with China riding great growth potential

Xinhua January 12, 2020 16:55:49

US-based multinational non-alcoholic beverage giant The Coca-Cola Company looks forward to forging closer ties with China which is expected to become the biggest market of the company, according to he...

Covered van registration falls in 2019

FE Online Report January 12, 2020 16:46:07

The number of covered van registration in the country witnessed a drastic fall in 2019 compared to the prevoius year.  A total of 3,042 covered vans were registered with the Bangladesh Road Tran...

MTB signs MoU with Rancon British Motors

FE Online Desk January 12, 2020 14:01:44

Mutual Trust Bank Limited (MTB) has recently signed a Memorandum of Understanding (MoU) with Rancon British Motors Ltd. at a simple ceremony held at MTB Centre, the bank’s Corporate Head Office,...

IBBL biz dev confce-2020 ends

FE Online Desk January 12, 2020 13:34:18

 The closing ceremony of three-day Business Development Conference of Islami Bank Bangladesh Limited ended at Hotel Royal Tulip Sea Pearl Beach Resort, Cox’s Bazar on  Sunday. Profess...

US, China agree to semi-annual talks aimed at resolving disputes

REUTERS January 12, 2020 11:51:10

The United States and China have agreed to restart semi-annual talks aimed at resolving economic disputes between the two countries, a process abandoned at the start of the Trump administration as a t...

41pc enterprises bemoan meagre SME loan: Study

SAJIBUR RAHMAN January 12, 2020 11:33:57

Nearly 41 per cent of small enterprises consider scanty the amount of loan offered by SME Foundation under its Credit Wholesale (CWS) programme, according to a study. The Bangladesh Institute of De...