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Search results for: trade

Potato price hike hits consumers hard

FE Report July 03, 2019 10:45:20

The price of potato increased in the capital raising sufferings of the consumers, especially the commoners, who have already been hit hard by price hike of other essentials. Stored potatoes of gr...

MoC issues guidelines on RMG subcontracting

Monira Munni July 02, 2019 17:02:14

Subcontracting readymade garment (RMG) factories, under an official guideline issued recently, are now required to take mandatory membership of their respective apex trade bodies for doing business, o...

Patenga Container Terminal to be partially operational from June next

Nazimuddin Shyamol July 02, 2019 16:16:10

The Patenga Container Terminal (PCT) at the Chattogram seaport may be partially operational in June 2020. "We can start the partial operation in June 2020 next," Chittagong Port Authority (CPA) Chair...

Amazon to create 1,800 jobs in France

Reuters July 02, 2019 14:53:46

US online retail giant Amazon said on Tuesday it will create 1,800 permanent contract positions this year in France, its largest European market after Britain and Germany, although furniture retailer...

China trade deal has to be in US favour: Trump

-- July 02, 2019 13:29:56

President Donald Trump said on Monday that trade talks with China were under way and any deal would need to be somewhat tilted in favour of the United States. Trump and Chinese President Xi Jinping a...

Guardian Life Ins customers to pay fees online through BRAC Bank

FE Online Desk July 02, 2019 13:05:15

BRAC Bank Limited and Guardian Life Insurance Limited have signed an agreement for online payment gateway.   The agreement will enable Guardian Life Insurance customers to pay policy fees onlin...

BRAC Bank, new venture of Meghna Group ink deal

FE Online Desk July 02, 2019 12:39:20

  BRAC Bank Limited and Mohammad & Sons, a new venture of Meghna Group, have entered into a partnership agreement.   Mohammad and Sons is one of the watch boutiques in Bangladesh with...

IBBL launches EMV Chip Card

FE Online Desk July 02, 2019 12:23:45

Islami Bank Bangladesh Limited has launched EMV Chip Card. Md. Mahbub ul Alam, Managing Director & CEO of the bank, inaugurated the card as the chief guest at Islami Bank Tower recently. Anatoly...

Uncertainty over drilling at three gas fields

-- July 02, 2019 11:51:37

An Azerbaijan firm has planned to terminate its contract with Bangladesh Petroleum Exploration and Production Company Ltd (Bapex) halfway through, making its drilling works at three gas fields uncerta...

China says only a few firms shifting supply chains

-- July 02, 2019 11:22:19

Only a small number of companies are moving supply chains out of China, a commerce ministry official said on Tuesday, amid signs that some firms are shifting production to other countries as the US-Ch...

BIDA one-stop phase-2 work to end by Sept

Saif Uddin July 02, 2019 10:48:24

The second phase work of virtual One-Stop Service (OSS) under the Bangladesh Investment Development Authority (BIDA) is scheduled to be completed by September, officials said. After that, investo...

Review of projects under Indian LoCs tomorrow

FHM Humayan Kabir July 02, 2019 10:15:11

Officials of Bangladesh and India will sit tomorrow (Wednesday) in Dhaka to review the progress of projects taken up under the three Indian lines of credit (LoCs), officials said on Monday. The meeti...

Operating profits of PCBs rise despite NPLs

Siddique Islam July 02, 2019 09:38:42

Operating profits of the country's private commercial banks (PCBs) showed an upturn in the first six months (H1) of this calendar year (2019) although the volume of classified loans in the banking sec...

‘Showcase Bangladesh’ in Kuala Lumpur on July 11

-- July 01, 2019 19:15:59

The Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) is going to organise the “4th Showcase Bangladesh-Go Global” in Kuala Lumpur on July 11 for promoting Bangladeshi products...

Over 7,000 cars registered in Jan-May: BRTA

FE Online Report July 01, 2019 18:22:47

Car (sedan, hatchback, station wagon, SUV) registrations stood at 7,277 in the first five months of the current calendar year, according to official data. Of the total, 6,476 cars were registered in...

Power tariff hike unlikely: BERC chairman

FE Online Desk July 01, 2019 14:15:49

The increase in gas tariffs may not contribute to that in power tariffs this time contrary to the usual practice, the energy regulatory agency's boss has said. "We may not need to increase power tari...

SIBL opens branch at Chowmuhani, Ctg

FE Online Desk July 01, 2019 12:23:53

Social Islami Bank Limited (SIBL) inaugurated its Sheikh Mujib Road Branch on 30 June 2019 at Sheikh Mujib Road, Chowmuhani, Chattogram. Professor Md. Anwarul Azim Arif, Chairman of Social Islami Ban...

Oil jumps as Saudi, Russia back supply cuts

-- July 01, 2019 11:47:05

Oil prices rose more than $1.0 a barrel on Monday after Saudi Arabia, Russia and Iraq backed an extension of supply cuts for another six to nine months ahead of an OPEC meeting in Vienna. Front-month...

Citi celebrates 14th Annual Global Community Day

FE Online Desk July 01, 2019 11:44:55

Citibank, N.A., Bangladesh celebrated its 14th annual Global Community Day with more than 70 Citi volunteers in Dhaka and Chattogram on Saturday.   Citi employees along with partners, family an...

Govt set to approve draft SME Policy-2019 today

Talha Bin Habib July 01, 2019 11:37:51

The government is set to approve the draft SME Policy - 2019 today (Monday), offering special policy and institutional support to boost the potential sector. The Ministry of Industries (MoI) has al...

Dhaka likely to have first colour-coded bus service

Munima Sultana July 01, 2019 10:24:12

Dhaka city is likely to have the first colour-coded bus service on Mohammadpur-Motijheel route, as all the existing bus operators agreed to merge into one company, sources said. The operators concern...

New sales to Huawei not to cover all: White House official

-- July 01, 2019 10:23:28

President Donald Trump’s decision to allow expanded sales of US technology supplies to Chinese telecommunications giant Huawei will only apply to products widely available around the world, and...

BERC raises gas prices from today

FE Report July 01, 2019 09:37:03

The gas consumers will have to count an additional 32.8 per cent higher tariff on an average from the first day of the fiscal year (FY), 2019-20, as the energy regulator has announced the 'biggest-eve...

Tax on MS rod cut after demand from steel lobby

Doulot Akter Mala July 01, 2019 09:32:51

The government has slashed the tax on the import of mild steel (MS) rod to Tk 1,000 per tonne, though it was increased from the tariff value. Until Sunday, the tariff value was Tk 900. In the budg...

10 banks' capital shortfall hit Tk 183b in Q1

FE Report July 01, 2019 09:29:19

Ten banks, including six state lenders, suffered a total capital shortfall of over Tk 183 billion in the first quarter (Q1) of the year as rising troubled loans wiped out their profits. The banks-fou...

Businesses oppose ‘high’ gas tariff hike

FE Report June 30, 2019 22:01:41

Trade-bodies of different export-oriented industries, including textile and ready-made garment (RMG), strongly opposed the gas tariff hike by the government on Sunday, saying it will create an adverse...

Japan to provide Tk 110b for Matarbari power project

-- June 30, 2019 19:01:22

Japan will provide Tk 110 billion for the Matarbari Ultra Super Critical Coal-Fired Power Project at Moheshkhali in Cox’s Bazar in Bangladesh. Bangladesh and Japan signed Exchange of Notes and...

SIBL opens Rangunia branch

FE Online Desk June 30, 2019 13:01:43

Social Islami Bank Limited (SIBL) has inaugurated its Rangunia branch recently at Gochra Bazar, Rangunia, Chattogram. Professor Md. Anwarul Azim Arif, Chairman of Social Islami Bank Limited, and form...

Perfee officially launched in Bangladesh

FE Online Desk June 30, 2019 12:42:09

International electronic trading platform Perfee has been officially launched in Bangladesh with an aim to facilitate e-commerce services for all. Founder of Perfee, Michel Wu introduced the service...

SBL training on “Internal Credit Risk Rating System”

FE Online Desk June 30, 2019 12:27:38

Md. Tariqul Azam, Additional Managing Director of Standard Bank Limited, inaugurated a day-long training on “Internal Credit Risk Rating System” for Branch Managers, organized by Standard...