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Search results for: trade

Padma Rail Link: BR reassessing project cost

-- January 09, 2020 10:19:40

Bangladesh Railway (BR) is reassessing the cost of the Padma Rail Link Project (PRLP) estimating an increase of Tk 10 billion for land acquisition (LA) to the government agencies for their land, sourc...

Govt likely to ban meat import

REZAUL KARIM January 09, 2020 10:17:35

The government is working on a proposal to ban frozen meat import for promoting local production and saving foreign currency, sources said. "A meeting is scheduled to be held on January 15 to take a...

NBR relaxes VAT waiver terms for API industries

DOULOT AKTER MALA January 09, 2020 10:10:43

The National Board of Revenue (NBR) has relaxed conditions for availing VAT waiver by the active pharmaceutical ingredient (API) industries. From now on, the API industries will be able to avail th...

Union Bank donates fund to celebrate 'Mujib Borsho'

FE Online Desk January 07, 2020 21:50:20

Union Bank Ltd handed over a cheque for Tk 10 million to Prime Minister Sheikh Hasina as donation to Bangabandhu Memorial Trust at Gonobhaban in Dhaka as a part of Corporate Social Responsibility to...

Jamuna Bank seminar on CSR

FE Online Desk January 07, 2020 21:42:29

Jamuna Bank Foundation organized a seminar on banking services and the importance of CSR activities at the Rose View Hotel, Sylhet recently. Engr. Md. Atiqur Rahman, Chairman, Jamuna Bank Limited, wa...

Rolls-Royce annual sales surge 25pc

Reuters January 07, 2020 14:59:32

Luxury carmaker Rolls-Royce said on Tuesday it recorded a 25 per cent jump in sales in 2019, underpinned by solid demand for its first-ever SUV, Cullinan, just a year after the launch. The 116-year-o...

Emirates celebrating New Year with exclusive fare promotion

FE Online Desk January 07, 2020 14:20:21

Emirates airline has entered 2020 with its 'Fly Better' slogan aiming to provide a world class experience both in the air and on the ground. During the year travellers from Bangladesh can look forwar...

EBL donates Tk 100m for ‘Mujib Borsho’ observance

FE Online Desk January 07, 2020 12:27:45

Eastern Bank Limited (EBL) has donated Tk 100 million (10 crore) to Bangabandhu Memorial Trust for observing the ‘Mujib Borsho’ across the country to mark the birth centenary of the Father...

Tea production rises to 95m kg in 2019

Nazimuddin Shyamol January 07, 2020 12:08:53

CHATTOGRAM: Though tea production has increased significantly in Bangladesh in the just-ended decade, the country's annual tea production has not yet surpassed its domestic demands, industry insiders...

Uber partners with Hyundai on electric air taxi

Reuters January 07, 2020 11:49:43

US ride-hailing company Uber Technologies and South Korean automaker Hyundai Motor have teamed up to develop electric air taxis, joining the global race to make small self-flying cars to ease urban co...

Onion prices decline in city markets

FE REPORT January 07, 2020 11:05:03

Onion prices further declined in the city markets on Monday with the rates showing big gaps from one market to another. Traders said some retailers were compelled to ask higher rates for the vegetabl...

BTRC seeks EoI to hire auditor for Banglalink

FE REPORT January 07, 2020 10:46:39

The Bangladesh Telecommunication Regulatory Commission (BTRC) will conduct an information system audit or complete inspection in Banglalink to scrutinise all types of relevant records of the company...

No offshore survey this exploration season

FE REPORT January 07, 2020 10:29:22

The much-hyped offshore survey to discover new hydrocarbon reserve in the country's territorial water in the Bay of Bengal is set to miss the current exploration season due to delay in project appro...

Padma Bridge rail project hits snag

Mir Mostafizur Rahaman January 07, 2020 10:28:37

Implementation of the US$2.6-billion cost Padma Bridge Rail Link project will be delayed by 13 months due to serious dispute between the Chinese contractor concerned and the project implementing autho...

DIFE asks apparel trade bodies to punish more units

MONIRA MUNNI January 07, 2020 10:07:53

The government has instructed the apparel-sector trade bodies to stop issuing utilisation declaration (UD) certificates to more 189 'non-compliant' factories due to poor progress in their remediation...

MoC to strengthen monitoring to keep onion prices stable  

FE ONLINE REPORT January 06, 2020 18:10:47

The Ministry of Commerce (MoC) will further strengthen its monitoring to keep price of onion stable. The ministry will go for strong monitoring to examine any manipulation and syndication in onion pr...

Bproperty signs MoU with Lifestyle Group

-- January 06, 2020 17:59:57

In their quest to making real estate transactions smoother and easier for the people, BProperty Limited signed a Memorandum of Understanding (MOU) with Lifestyle Group for a project that will be exclu...

France warns US against digital tax retaliation

Reuters January 06, 2020 16:39:40

French Economy Minister Bruno Le Maire on Monday warned the United States against any retaliation to France’s new digital services tax.  “If the Americans decide to go ahead and impo...

Auto-rickshaw registration sees rise in 2019

FE Online Report January 06, 2020 14:25:06

Auto-rickshaw registration in the country witnessed a significant rise in 2019 compared to that of 2018. A total of 30,967 auto-rickshaws were registered in 2019 while it was 21,638 in 2018, accordin...

Jamuna Bank's CSR activities in Sylhet tea gardens

FE Online Desk January 06, 2020 13:02:50

Under the initiative and financing of Jamuna Bank Foundation, free medical services were provided at Kewachhara Tea Garden, Airport Road, Sylhet. Engr. Md. Atiqur Rahman, Chairman, Jamuna Bank Limite...

Bank Asia distributes blankets

FE Online Desk January 06, 2020 12:36:56

As part of Corporate Social Responsibility (CSR) activities, Mr. A. Rouf Chowdhury, Chairman, Bank Asia Ltd. & Bank Asia Foundation distributed blankets among cold-affected people at Malkhanagar,...

Gold, oil soar, shares slip as US and Iran trade threats

REUTERS January 06, 2020 12:10:58

A gauge of Asian shares was toppled from an 18-month top on Monday as heightened Middle East tensions sent investors scurrying for the safety of gold, which hit a near seven-year high while oil jumped...

EBL opens Agent Banking Outlet at East Chandraganj of Begumganj

FE Online Desk January 06, 2020 12:02:06

Eastern Bank Ltd (EBL) has recently inaugurated an Agent Banking Outlet at East Chandraganj of Begumganj in Noakhali. M Khorshed Anowar, Head of Retail and SME Banking of EBL inaugurated the outlet,...

Country likely to earn over $20b remittance this year

FE REPORT January 06, 2020 10:36:30

The country is likely to earn more than US$20 billion remittance in the current year thanks to cash incentive benefits provided by the government to migrant workers, according to the expatriates' we...

Supply rise slightly cuts onion prices

FE REPORT January 06, 2020 10:35:35

Prices of local onion showed a decline on Sunday, but the spice is still traded at as high as Tk 190-200 a kg at retail level. Prices of imported onions also dropped by Tk 10-20 a kg on the day, and...

Exports shrink by 6.0pc in H1

FE REPORT January 06, 2020 10:28:14

Merchandise shipments fell by 5.84 per cent during the first half of the current fiscal year, as export earnings continue to witness downtrend in recent months. Total export earnings from July to Dec...

Bottled LPG prices go up 20pc abruptly

M AZIZUR RAHMAN January 06, 2020 10:20:09

Retail prices of liquefied petroleum gas, or LPG, shot up by 20 per cent this week, the highest level in years. Each cylinder weighing 12 kilogramme was selling at Tk 1,200, up by Tk 200. Privately-...

Biman resumes Dhaka-Manchester flight after seven years

BSS January 05, 2020 21:41:51

The Biman Bangladesh Airlines on Sunday resumed its direct Dhaka-Manchester-Dhaka flight with newly-purchased brand new dreamliner Boeing 787-9 after more than seven years as its 17th route. State mi...

Govt launches $10.0m fund for 650 firms to boost export

-- January 05, 2020 18:21:09

The government has launched a $10.0 million fund for 650 firms in four sectors to be distributed over three years with the help of the World Bank. Commerce Secretary Md Jafar Uddin inaugurated the Ex...

VAT services booth introduced in DITF

BSS January 05, 2020 16:27:18

Customs, Excise and VAT Commissionerate, Dhaka North introduced one stop service in Dhaka International Trade Fair (DITF). In addition, it also formed patrol teams comprising revenue officials to sto...