Search results for: trade

Ford to cut car models as part of restructuring

-- September 03, 2018 16:33:13

US automaker Ford Motor plans to drop production of some of its automobile models as part of a planned operational restructuring announced earlier this year, sources told The Times. The British newsp...

Pragati Life inks deal with CARE Bangladesh

FE Online Desk September 03, 2018 16:12:46

Pragati Life Insurance Limited and CARE Bangladesh signed an agreement to jointly introduce a micro life and health insurance for the rural households. Md Jalalul Azim, CEO of the Pragati Life Insura...

BD urges Canadian investors to invest in bigger way

-- September 03, 2018 16:12:17

Bangladesh has urged Canadian investors and Bangladeshi Diaspora to bring in bigger investment in the country. Commerce Secretary Shubhashish Bose made the call while addressing a 'luncheon meeting...

Eastern Bank wins Superbrands’ recognition for 2nd time

FE Online Desk September 03, 2018 15:03:03

Eastern Bank Limited (EBL) has been honoured as the Superbrands of Bangladesh for 2018-2020. Managing Director and CEO of EBL, Ali Reza Iftekhar and Head of Retail Banking, M Khorshed Anowar received...

AIIB investing up to $274m in BD to help reach energy targets

FE Online Desk September 03, 2018 15:00:33

The Asian Infrastructure Investment Bank (AIIB) is helping Bangladesh reach energy targets with up to $274 million in investments. It has taken three projects, to this end, one of which is Distributi...

Tripura CM stresses on India, Bangladesh trade

-- September 03, 2018 14:22:46

Tripura Chief Minister (CM) Biplab Kumar Deb has stressed on bettering Indo-Bangladesh relationship and said the two culturally bonded nations should take initiatives together for closer economic ties...

Oil falls on rising output from OPEC and United States

-- September 03, 2018 13:30:49

Oil prices fell on Monday amid rising supply from OPEC and the United States, outweighing concerns that falling Iranian output will tighten markets once US sanctions bite from November. International...

Dollar holds firm on escalating global trade tensions

-- September 03, 2018 13:04:20

The dollar held firm on Monday, benefiting from its status as a safe haven as investors took the impasse in US-Canada trade negotiations as a bad sign for the even trickier talks between the United St...

Fix minimum wage for RMG workers at Tk 16,000: LDA

FE Report September 03, 2018 10:45:06

The Left Democratic Alliance (LDA), a platform of eight left-leaning political parties, has demanded that the government fix the minimum wage for the workers of the readymade garment (RMG) industry...

Changes in design push up Lebukhali bridge project cost

Munima Sultana September 03, 2018 09:58:51

Nine years have elapsed, but the Lebukhali Bridge is yet to take shape due to a faulty design and rising project cost. The project has made only 30 per cent progress as of August 2018 due to design-r...

Move to up import duty on sugar

Doulot Akter Mala September 03, 2018 09:48:23

The government has decided to review the existing import duties on raw and refined sugar following a decline in the prices of the item in the international market. The government high-ups will sit Th...

Russian oil output keeps steady in August near post-Soviet high

-- September 02, 2018 20:44:47

Russian oil output stood at 11.21 million barrels per day (bpd) in August, virtually unchanged from July and steady near a post-Soviet high as production curbs were eased, Energy Ministry data showed...

India's Wipro bags $1.5b deal from Alight Solutions

-- September 02, 2018 14:52:10

Indian software services exporter Wipro Ltd has won its biggest-ever contract worth more than $1.5 billion with US-based Alight Solutions LLC for digital services, the company said in a statement on S...

Canada not needed in NAFTA deal: Trump

-- September 02, 2018 13:40:46

US President Donald Trump said on Saturday there was no need to keep Canada in the North American Free Trade Agreement and warned Congress not to meddle with the trade negotiations or he would termina...

RAJUK moves to develop Purbachal water supply system

FE Online Desk September 02, 2018 12:08:24

The city development authority RAJUK has taken the move for developing its Purbachal water supply system under a public-private partnership (PPP) project, with opening bids for this on July 11. It pr...

IDB chief due in city Friday to open regional hub office

FE Report September 02, 2018 10:05:50

President of the Islamic Development Bank (IDB) Dr Bandar M.H. Hajjar arrives in Dhaka this weekend to inaugurate its regional office in Bangladesh, officials said on Saturday. The Jeddah-based Islam...

RAKUB seeks Tk 5.0b BB refinancing loan

FE Report September 02, 2018 09:47:53

Rajshahi Krishi Unnayan Bank (RAKUB) will receive Tk 5.0 billion (500 crore) in loan under the Bangladesh Bank (BB) refinancing scheme to facilitate its lending operation, officials said. The special...

Diesel-run power plants defy BERC order to fold

M Azizur Rahman September 02, 2018 09:33:34

The state-owned Bangladesh Power Development Board (BPDB) has allegedly kept four of its most expensive diesel-fired power plants operational, defying directive from the energy regulator to close oper...

'EDCL to be largest medicine manufacturer in South Asia'

-- September 01, 2018 21:29:58

State-owned Essential Drugs Company Ltd (EDCL) is going to be the largest medicine manufacturing company in the South Asia through launching its third plant. Health Minister Mohammed Nasim recently s...

US wheat growers have Trump's ear on old Canada trade gripe

-- September 01, 2018 20:54:42

CHICAGO/DEVILS LAKE, N D, Sept 01 (Reuters): Gordon Stoner, who grows wheat in Montana about a mile from the Canadian border, would like to sell his wheat to grain elevators in nearby Saskatchewan. Bu...

OPEC August oil output hits 2018 high despite Iran losses

-- September 01, 2018 20:50:42

LONDON, Sept 01 (Reuters): OPEC oil output has risen this month to a 2018 high as Libyan production recovered and Iraq's southern exports hit a record, a Reuters survey found, although a cut in Irania...

Intra-BIMSTEC trade crosses $80 billion in last year

FE Online Report September 01, 2018 11:53:03

Intra-regional trade of all seven member countries of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) crossed the $80 billion level in the past year. Stat...

US to move ahead with Mexico trade pact

-- September 01, 2018 11:17:21

Contentious US-Canada trade talks ended on Friday with no deal to revamp the North American Free Trade Agreement after the mood soured, and President Donald Trump notified Congress of his intent to si...

Special team to combat cyber risks at BB

FE Report September 01, 2018 10:32:25

The government is going to constitute a special team of experts to combat possible cyber attacks on the central bank, officials said. The move has been made in the wake of the growing cyber threats t...

Ten insurers' 'life fund' shrinks in Q1

Jasim Uddin Haroon September 01, 2018 10:21:25

The 'life fund' of 10 life insurance companies has shrunk in the first quarter (Q1) of this calendar year, causing frustration to the Insurance Development and Regulatory Authority (IDRA). IDRA issue...

Nod for 100-yr Delta Plan likely this week

Mehdi Musharraf Bhuiyan September 01, 2018 09:35:31

The long-awaited mega strategy 'Bangladesh Delta Plan (BDP) 2100' is likely to get the go-ahead this week. It will potentially pave the way for the country to increase its water-related spending th...

PC turns down RHD proposal to revise cost, change design

FHM Humayan Kabir September 01, 2018 09:24:34

The Planning Commission (PC) has refused to revise the Dhaka-Mawa four-lane road upgrades project on the grounds of spiralling costs and drastic changes in the design, officials said on Friday. "We...

Coca-Cola to buy Costa coffee chain for $5.1b

-- August 31, 2018 18:01:14

Coca-Cola is to buy the UK’s biggest coffee chain Costa coffee from owner Whitbread in a deal worth $5.1 billion (3.9 billion pounds). Whitbread had intended to spin off the world's second la...

Japan says financial dialogue with China 'extremely good'

-- August 31, 2018 14:40:02

Japanese Finance Minister Taro Aso said on Friday that the current round of financial dialogue with China was “extremely good”, and that both sides agreed to maintain cooperation in macro-...

Oil stable as Iran sanctions loom, but trade wars weigh

-- August 31, 2018 13:10:38

Oil markets held steady on Friday, supported by looming US sanctions against Iran’s oil exports and falling Venezuelan output, but held back by concerns the trade war between the United States a...