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Search results for: trade

BGMEA seeks CIP status for all its board members

FE Report June 27, 2019 10:44:11

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) urged the government recently to accord all of its office bearers with the status of Commercially Important Person (CIP). It argue...

Trade war: Chinese cos shifting to low-cost nations

-- June 27, 2019 10:33:38

Pressured by a labour crunch and rising wages in China, Shu Ke’an, whose company supplies bulletproof vests, rifle bags and other tactical gear to the United States, first considered shifting so...

BR moves to hire 20 Indian locomotives

Munima Sultana June 27, 2019 10:33:33

Bangladesh Railway (BR) has taken an initiative to hire 20 locomotives from India to facilitate smooth train service across the country, as most of its engines have already become old and outdated. A...

Dhaka in line for investment deal with Aramco

Mir Mostafizur Rahaman June 27, 2019 10:06:38

Bangladesh is set to sign a memorandum of understanding (MoU) with Saudi Arabian oil behemoth Aramco on a multi-billion dollar investment in the power and energy sector, officials said. Aramco, the n...

BR losses swell despite big rise in dev budget

FHM Humayan Kabir June 27, 2019 09:52:38

The Bangladesh Railway (BR) has seen its year-on-year losses swelling over the last one decade despite a dramatic increase in the budgetary allocation for its development, insiders said on Wednesday....

US aims to restart China trade talks, won’t accept conditions on tariff use

-- June 27, 2019 00:37:19

The United States hopes to re-launch trade talks with China after President Donald Trump and President Xi Jinping meet in Japan on Saturday, but Washington will not accept any conditions around the US...

Tk 1.5b project to develop handloom industry

-- June 26, 2019 17:48:54

The government has taken a project involving Tk 1.5 billion (Tk 158 crore) to provide running capital and modernise handlooms for improving the socioeconomic condition of the weavers. Textiles and Ju...

SWIFT Member & User Group holds meetings

FE Online Desk June 26, 2019 14:01:13

The 6th Technical Committee, 9th Executive Committee and 3rd General Meeting of SWIFT Member & User Group of Bangladesh (SMUGB) were held recently at Hotel Purbani International, Dhaka. Mr. Md. A...

Jamuna Bank distributes scholarship among students

FE Online Desk June 26, 2019 13:38:03

Jamuna Bank Foundation organised a "Scholarship giving ceremony" for underprivileged and special but meritorious students and the children of employees of Jamuna Bank who obtained GPA-5 in SSC and Dak...

CPD dialogue on suitable democratic practices for SDGs June 27

FE Online Desk June 26, 2019 13:21:35

A dialogue titled What type of democratic practices are suitable for achieving the SDGs? will be held on June 27, arranged by Centre for Policy Dialogue (CPD). Mr Saber Hossain Chowdhury, MP, Chairma...

ICAB holds CPD seminar in Ctg

FE Online Desk June 26, 2019 12:48:26

A Continuing Professional Development seminar, organised by Chittagong Regional Committee of The Institute of Chartered Accountants of Bangladesh (ICAB) was held recently. Professor Dr. Md. Salim Udd...

Apple acquires self-driving car startup Drive.ai

-- June 26, 2019 11:47:42

Apple Inc on Tuesday confirmed that it has acquired self-driving shuttle firm Drive.ai. Technology news website The Information reported earlier this month that the iPhone maker was considering acqui...

China suspends some Canadian pork imports as tensions grow

-- June 26, 2019 11:30:32

China has suspended some pork imports from Canada, adding to tensions between the two countries. The move comes after Chinese authorities found a banned feed additive in a batch of pork products expo...

Curbing money laundering: MFS, courier service providers asked to act

FE Report June 26, 2019 10:37:50

Mobile financial service (MFS) providers and courier companies have been asked to take steps to control money laundering and transactions of illegally earned money, sources said. They have been t...

21pc RMG workers say they don't get sick leave: Report

FE Report June 26, 2019 10:31:13

About 21 per cent of garment workers responded in a survey that their factories do not grant sick leave, a mandatory obligation for the employers by law, according to a latest report. Female work...

Private importers free to sell LNG to other users

M Azizur Rahman June 26, 2019 09:30:51

The private parties concerned will have the liberty to sell re-gasified LNG at the prices negotiated with their buyers under the maiden LNG import policy adopted by the government recently. Under the...

Doha to host 'Made in Bangladesh' show

FE Report June 25, 2019 22:05:20

A trade and investment exhibition titled 'Made in Bangladesh' is going to be held in Doha, Qatar, in December to showcase only Bangladeshi products and services.     Bangladesh Fo...

RMG workers’ payment system to go digital

-- June 25, 2019 13:50:25

President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Rubana Huq on Tuesday said the wage payment system of RMG workers is going to be digitalised soon. "RMG workers will re...

Mercantile Bank workshop on ICRRS

FE Online Desk June 25, 2019 13:26:08

Mercantile Bank recently organised a workshop titled “Internal Credit Risk Rating System (ICRRS)” at its training institute in Dhaka. Credit desk officials from sixty branches of the bank...

Standard Bank, Rose Sweaters sign deal

FE Online Desk June 25, 2019 13:19:07

Standard Bank Ltd. and Rose Sweaters Limited have signed an agreement for specialized services of Retail Banking named “Employee Savings Account Services” recently at SBL Board Room, Head...

China, US officials talk ahead of Trump-Xi meet

-- June 25, 2019 12:56:49

Senior Chinese and US trade officials spoke by telephone on Monday ahead of talks between Chinese President Xi Jinping and US President Donald Trump set for later this week, as the world’s two l...

Tech know-how modernises China's century-old industrial city

-- June 25, 2019 12:51:56

With the head sheaves whirling on top of the derrick, the century-old No.1 pit of the Kailuan colliery still lifts coal from deep underground. The icon of the old industrial city of Tangshan is also a...

Union Bank workshop on 'Prevention of Money Laundering'

FE Online Desk June 25, 2019 12:39:54

Union Bank Training Institute organized a day-long workshop on ‘Prevention of Money Laundering & Combating Terrorist Financing’. Hasan Iqbal, Deputy Managing Director of Union Bank, w...

Bank Asia holds training workshop on “Islamic Banking Business”

FE Online Desk June 25, 2019 12:00:13

Mr. M Azizul Huq, Chairman, Shariah Supervisory Committee of the Board, Bank Asia Ltd., inaugurated a day-long training workshop on “Islamic Banking Business” for 52 Heads of Branches of t...

Capital dredging of Karnaphuli likely to be completed in 2022

Nazimuddin Shyamol June 25, 2019 10:41:43

The long-awaited capital dredging of Karnaphuli River is likely to be completed in 2022. Chattogram Port Authority (CPA) in association with Bangladesh Navy (BN) under a project worth Tk 2,420 mi...

JICA frets over delay in land acquisition

Munima Sultana June 25, 2019 10:37:09

A delay in acquiring the land for the cross-border road network improvement project has disappointed its Japanese financier. The Japan International Cooperation Agency (JICA) has expressed its...

1.45m cash transactions in March reported

Rezaul Karim June 25, 2019 09:37:02

Bangladesh Bank (BB) did not find any terror or money-laundering links with more than 1.45 million cash transactions in March this year. The Bangladesh Financial Intelligence Unit (BFIU) received ove...

Digital shipment platform for BD, China markets

-- June 24, 2019 17:07:29

An initiative has been launched to deal with "drop shipment" between Bangladesh and China as Bangladeshi businesses see a potential market for drop-shipping business with a big volume of transaction b...

AT to raise cement output cost, manufacturers say

FE Online Report June 24, 2019 13:59:24

Cement production cost may rise by 10 per cent if the proposed advanced tax (AT) is implemented, manufacturers say. The observation came at a post-budget press conference organised by the Bangladesh...

More than 15pc agency commission not allowed from August 1

FE Online Desk June 24, 2019 13:54:42

Bangladesh Insurance Association (BIA) has decided to take legal action against any company, if it allows more than 15 per cent agency commission from August 1. Chairmen, vice-chairmen, directors and...