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Search results for: trade

Wheat acreage continues to shrink as farmers switch to other crops

FE REPORT January 12, 2020 10:38:10

Wheat acreage has continued to shrink in the country as many farmers switch to maize and vegetables farming for higher profits. Wheat blast that first hit wheat fields in 2015 has also discouraged th...

BKMEA pleads for easing bond provision

FE REPORT January 12, 2020 10:30:19

Hundreds of local knitting units are facing trouble with opening inland letters of credit (LCs) as some banks are putting pressure on manufacturers under the foreign exchange guideline. As a result,...

PMO body finds LNG cheaper, favours piped gas supplies

M AZIZUR RAHMAN January 12, 2020 10:11:13

Re-gasified liquefied natural gas, LNG, is cheaper and safer than liquefied petroleum gas, LPG, for cooking in cities, a committee has found. The government should import required quantity of LNG, bu...

Shrinking returns hurt bank depositors' interest

DOULOT AKTER MALA January 12, 2020 10:06:16

The return on depositors' money in banks has been shrinking gradually, mainly due to regulatory and fiscal measures. A bank depositor receives a minuscule slice of profits or a negative return after...

DSCC takes too much time for issuing trade licence

JASIM UDDIN HAROON January 12, 2020 10:01:44

A large number of traders under the Dhaka South City Corporation (DSCC) have been facing trouble with renewal of their licences or issuance of new ones for the past few months as such services now req...

21.55pc growth of export of jute, jute-made goods in July-Dec

-- January 11, 2020 20:52:41

The export of jute and jute-made goods saw a healthy growth of 21.55 percent in the first half (July-December) period of the current fiscal year (FY20) fetching $511.73 million higher than the strateg...

EBL signs agreement with Turkish Airlines

FE Online Desk January 11, 2020 13:54:01

Eastern Bank Ltd. (EBL) cardholders will now enjoy exclusive privilege on airfares while travelling on Turkish Airlines to 27 destinations across USA, Canada and Europe. EBL Head of Retail SME Bankin...

Mercedes-Benz to build smart brand cars with Geely in China’s Xi’an

Reuters January 11, 2020 12:13:40

Mercedes-Benz will build smart-branded electric cars with Zhejiang Geely Holding Group in the Chinese city of Xian from a base with annual capacity of around 150,000 vehicles, a senior official from i...

Akij Food starts up new fruit drink production line

Adnan Hossain Bhuiyan, back from Dhamrai January 11, 2020 10:58:31

Akij Food & Beverage Ltd. (AFBL) has installed a most advanced production line in its factory recently with an investment of around Tk 3.0 billion to produce soft drinks in a more safe and healthy...

Local apps yet to fully grab market

ISMAIL HOSSAIN January 11, 2020 10:48:10

Local mobile apps have failed to fully penetrate the market for a lack of both big investment and quality Internet service, experts and industry insiders said. Digitisation of data and the total Inte...

Most BR projects risk delays

MUNIMA SULTANA January 11, 2020 10:41:37

A move to raise the level of platforms of all rail stations to train floor height is likely to slow down most development projects of the Bangladesh Railway (BR) and increase the project cost. The de...

BD eyes fresh funds from China for six key projects

MIR MOSTAFIZUR RAHAMAN January 11, 2020 10:29:35

As part of chasing Chinese money, Bangladesh now eyes fresh funds from the Asian giant for implementing six new key projects. The projects involving several billions of dollars are seen as crucial to...

Two ships handed over to India

OUR CORRESPONDENT January 11, 2020 00:33:43

CHATTOGRAM, Jan 10: Bangladesh has achieved remarkable progress in the shipbuilding sector, brightening the image of the country as a shipbuilding nation in the world, Commerce Minister Tipu Munshi sa...

Bangladeshi products attract viewers at ‘Heimtextil Frankfurt’

BSS January 10, 2020 20:19:28

Bangladeshi products drew attention among the visitors at ‘Heimtextil Frankfurt’, a four-day trade show, started from January 7 in Germany. The Bangladeshi exhibitors said they got good r...

Bus registration marks significant rise in 2019

FE ONLINE REPORT January 10, 2020 18:43:26

Bus registration in the country witnessed a significant rise in 2019 compared to that of 2018. A total of 3,606 buses were registered in 2019 while the number was 2,755 in 2018, according to statisti...

Trump says China trade deal may be signed shortly after Jan 15

REUTERS January 10, 2020 14:24:19

US president Donald Trump, who announced last month that the Phase 1 trade deal with China would be signed on January 15, said on Thursday the agreement could be signed “shortly thereafter.&rdqu...

Battered Indian rupee to extend losing streak this year: Reuters poll

REUTERS January 10, 2020 12:16:19

The Indian rupee will extend its two-year-long weakening streak this year, dragged down by an ongoing economic slump that has defied easing measures from policymakers, as well as by bets for a stronge...

Apparel body aims to form special taskforce

FE Report January 10, 2020 10:48:44

BGMEA has proposed to form a special taskforce mainly to ensure proper inter-ministerial coordination for timely implementation of measures required for protecting the interest of the sector and its g...

Chemical godowns to be built by June: Minister

TALHA BIN HABIB January 10, 2020 10:42:52

The government has started building 54 temporary godowns at Shyampur in the city at a cost of around Tk 800 million. Once constructed, the inventories will store chemical products while ensuring publ...

BGMEA stops UD issuance to 84 non-compliant units

Monira Munni January 10, 2020 10:38:15

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has temporarily suspended issuing utilisation declaration (UD) certificates to 84 non-compliant factories, said industry insiders...

EU to host dialogue on BD apparels

FE REPORT January 10, 2020 10:37:27

European Parliament in collaboration with the embassy of Bangladesh in Brussels has organised a dialogue on the apparel industry. The dialogue on 'EU-Bangladesh Apparel Trade: Time for A Reality Chec...

Move to coax expats into forex bonds

FE Report January 10, 2020 10:23:14

The government has asked the central bank and Department of National Savings to step up efforts to draw investments by overseas Bangladeshis into foreign currency bonds. The non-resident Bangladesh...

BD benefits from WTO membership

ASJADUL KIBRIA January 10, 2020 10:20:12

Membership of the World Trade Organisation (WTO) has boosted the GDP of Bangladesh by $1759.73 million in 25 years, according to a study conducted by a global think-tank. The country has gained 2.47...

Amari Dhaka to host seafood festival

-- January 09, 2020 18:29:37

Amari Dhaka is bringing a variety of flavors straight from the sea to Amaya Food Gallery from Jan 19 to 23. The hotel's newly appointed Executive Chef Hassan Koubaissi will put his skills on display...

Pickup truck registration drops in 2019

FE Online Report January 09, 2020 14:29:54

The number of pickup truck (double/single cabin) registration in the country witnessed a significant fall in 2019 compared to that of 2018. A total of 11,952 pickups were registered with Bangladesh R...

Mercantile Bank workshop on Incoterms-2020

FE Online Desk January 09, 2020 13:30:33

Mercantile Bank Training Institute recently organized a day-long workshop titled “International Commercial Terms (Incoterms)-2020”. A total of 55 Officers & Executives of Foreign Ex...

Oracle gets Gartner accolade as SCM cloud leader

FE Online Desk January 09, 2020 12:39:55

Oracle has been named a Leader in Gartner’s 2019 “Magic Quadrant for Manufacturing Execution Systems1” report. Out of 16 companies evaluated, Oracle is positioned as a Leader based o...

MIDAS, CFLI ink deal

FE Online Desk January 09, 2020 12:28:55

Micro Industries Development Assistance and Services (MIDAS) signed an agreement with CFLI, Government of Canada, at High Commission of Canada in Bangladesh for the implementation of a project entitle...

Dhaka to nudge Delhi for prior notice over commodity export ban

SYFUL ISLAM January 09, 2020 11:28:06

Bangladesh will request India to notify it at least six months before it slaps ban on any commodity export, officials said. They said the urging will be made at the Indo-Bangla commerce secretary-lev...

India restricts refined palm oil imports after Malaysia's criticism of Modi

REUTERS January 09, 2020 10:55:39

India imposed restrictions on imports of refined palm oil and palmolein on Wednesday, a move sources said was retaliation against top supplier Malaysia after its criticism of India’s actions in...