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Search results for: trade

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...

Iran's oil product exports booming

Reuters September 03, 2019 11:21:54

While US sanctions on Iran’s oil industry have slashed the OPEC member’s crude exports by more than 80 per cent, oil product sales from the Islamic Republic remain strong at nearly $500 mi...

ADB will provide risk guarantee assistance for issuing green bond

Syful Islam September 03, 2019 10:58:52

The Asian Development Bank (ADB) has come up with risk guarantee assistance for issuance of green bond in Bangladesh to help mobilise funds from abroad, officials have said. Before that the gover...

T-shirt tops RMG exportables

Monira Munni September 03, 2019 10:27:59

Value addition has helped the country's knitwear makers turn T-shirt into the top export item among basic garments, surpassing trousers. Industry insiders owed this rise in the locally manufactured...

RHD seeks Tk 8.0b for repair of Dhk-Ctg highway

FHM Humayan Kabir September 03, 2019 10:13:01

The government is set to endorse a Tk 7.93 billion project for the repair and maintenance of the Dhaka-Chittagong highways, just two and a half years after its construction, officials said on Monday....

Lack of basic amenities drives away tourists

Kamrun Nahar September 03, 2019 09:58:57

Lack of basic amenities in different tourist spots has set back the expansion of tourism in the country, experts said. Most tourist destinations do not have adequate number of quality restaurants and...

NRB Bank inks deal with NEC Money Transfer

FE Online Desk September 02, 2019 18:25:41

NRB Bank Limited and NEC Money Transfer Limited signed an agreement at Bank’s Corporate Head Office, Dhaka recently. Mr. Md. Mehmood Husain, Managing Director and CEO of NRB Bank Limited, and Mr...

Xiaomi launches Android One-powered Mi A3

FE Online Desk September 02, 2019 17:31:28

Xiaomi has announced Mi A3, the latest smartphone in their lineup of Android One-powered phones with the world’s highest resolution camera setup. It succeeds Mi A2, world’s number one...

ICMAB, BRAC Bank to work together

FE Online Desk September 02, 2019 17:13:47

BRAC Bank Limited has signed a Memorandum of Understand (MoU) with Institute of Cost and Management Accountants of Bangladesh (ICMAB). The MoU will enable BRAC Bank’s Employee Banking function...

BIBM seminar on banking sector stability Sep 3

FE Online Desk September 02, 2019 16:54:55

Bangladesh Institute of Bank Management will hold a seminar on “Competition, Concentration and Banking Sector Stability” at the BIBM Auditorium on September 03.S. M. Moniruzzaman, Chairman...

Premier Bank holds workshop on ‘‘Managing Loan Portfolio, Monitoring & Recovery of NPL”

FE Online Desk September 02, 2019 16:38:51

The Learning and Talent Development Center of The Premier Bank Limited arranged a workshop on "Managing Loan Portfolio, Monitoring & Recovery of Non-Performing Loan" for the Branch Managers, Relat...

South Korea’s auto sale falls 2.9pc in August

Xinhua September 02, 2019 15:32:56

South Korea's automobile sale fell last month on weak demand both at home and abroad, industry data showed Monday. The number of cars sold and made by five domestic automakers, including Hyundai, Kia...

BRAC Bank teams up with ICMAB

FE Online Desk September 02, 2019 12:56:42

BRAC Bank Limited has recently signed a Memorandum of Understanding (MoU) with the Institute of Cost and Management Accountants of Bangladesh (ICMAB). Under the MoU, BRAC Bank’s Employee Bankin...

Saudi company to invest $35m for producing electrical products

Talha Bin Habib September 02, 2019 11:29:42

A Saudi company, Saudi Engineering Dimensions, will invest US$ 35 million in the country for producing transformers and other electrical products, considering the market potential here, officials said...

Experts for more trained bankers in Islamic finance

FE Report September 02, 2019 10:11:45

The two-day international workshop on 'Islamic Capital Market and Sukuk' ended at a city hotel on Sunday, with a hope for creating more trained and efficient bankers in Islamic banking and finance. E...

Small savers to cheer as source tax slashed

FE Report September 02, 2019 09:52:43

The National Board of Revenue (NBR) has made 5.0 per cent reduced rate of tax at source on the yields of savings certificates in case of investments up to Tk 0.5 million. The decision was to take eff...

Kuwait Airways to spend $2.5b on new aircraft

-- September 01, 2019 21:13:20

Kuwait Airways plans to spend about $2.5 billion on 28 new aircraft due to be delivered by 2026, Kuwait Airways Chairman Yousef A M J Alsaqer said, reports Reuters. The planes will be financed with b...

Bitcoin future shows weaker speculative activities as coin price moves lower

-- September 01, 2019 17:34:30

Latest data of Bitcoin futures show that speculative activities weakened after the price of the iconic cryptocurrency dropped significantly in August, according to a report from US Commodity Futures T...

16 Bangladeshi firms to participate in Texworld Paris

-- September 01, 2019 17:31:22

A total of 16 Bangladeshi apparel, fabric and leather garment manufacturers will take part in the four-day tradeshow, titled Texworld Paris, to be held in the capital of France from September 16 to 19...

SIBL arranges photo exhibition

FE Online Desk September 01, 2019 14:52:19

Social Islami Bank Limited (SIBL) has arranged a two-day photography exhibition on ‘Nature of Bangladesh’ at its head office. Managing Director and CEO of SIBL Mr. Quazi Osman Ali inaugur...

China, US kick off new round of tariffs in trade war

Reuters September 01, 2019 14:07:46

China and the United States began imposing additional tariffs on each other’s goods on Sunday, the latest escalation in a bruising trade war, despite signs that talks would resume some time this...

EBL signs customer benefit agreement with Asian Paints

FE Online Desk September 01, 2019 13:54:38

Eastern Bank Limited (EBL) has recently signed a customer benefit agreement with Asian Paints Bangladesh Ltd in the capital. Under the agreement, Asian Paints will offer special privileges to EBL Hom...

Bank of China clears $140b of credit for BRI projects

Xinhua September 01, 2019 13:02:30

The Bank of China (BOC) had approved more than 140 billion US dollars of credit and funded over 600 major projects under the Belt and Road Initiative (BRI) by the end of June, according to BOC semi-an...

PM hands over export trophies to 66 companies

-- September 01, 2019 12:57:07

Prime Minister Sheikh Hasina on Sunday handed over the prestigious National Export Trophy to 66 companies in recognition of their extraordinary performances in the country’s export earnings. Sh...

UAE firms scout trade at Syria fair

Reuters September 01, 2019 12:13:35

A delegation of at least 40 businessmen from the United Arab Emirates attended a state-backed trade fair in Syria’s capital, defying US warnings against doing business with the government and as...

US hits China with fresh tariffs

-- September 01, 2019 11:01:11

The US has imposed fresh tariffs on $112bn (£92bn) of Chinese imported goods. It marks a sharp escalation of the bruising trade war between the world's two largest economies. The move is the f...