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Search results for: trade

Axiata says merger plan with Telenor on track

-- August 29, 2019 12:42:34

Malaysia’s Axiata Group Bhd on Thursday said its planned merger with Norwegian telecoms peer Telenor ASA is on track, after local media reported the deal may have hit a snag. Axiata Group Chief...

Trade war pushes Asian nations towards recession

BBC August 29, 2019 11:28:30

Rising fears about the health of the global economy have prompted talk of recession, spreading anxiety about jobs and growth. The US-China trade war is casting a shadow over the world economy and war...

Steps afoot for fair prices of rawhide: Minister

FE Report August 29, 2019 10:27:33

The government will take necessary steps next year to ensure fair prices of rawhide of the sacrificial animals across the country. "Rawhide prices of sacrificial animals were fixed at a meeting with...

BTRC moves to scrap licences of GP, Robi

Ismail Hossain August 29, 2019 09:44:47

The telecom regulator has started the process of scrapping the licences of the country's two biggest telecom operators -- Grameenphone and Robi -- allegedly for not paying dues to the national exchequ...

DMCB receives BIZZ AWARD from US organisation

FE Desk August 28, 2019 22:08:35

World Confederation of Business (WORLDCOB), a US-based international organisation, has handed over the BIZZ AWARD-2019 to Dhaka Mercantile Co-operative Bank Ltd. (DMCB). BIZZ AWARD is an internatio...

Fake-branded bars slip dirty gold into world markets

-- August 28, 2019 22:06:58

A forgery crisis is quietly roiling the world's gold industry, reports Reuters. Gold bars fraudulently stamped with the logos of major refineries are being inserted into the global market to launder...

Forgery crisis roiling world’s gold industry

Reuters August 28, 2019 20:22:35

A forgery crisis is quietly roiling the world’s gold industry. Gold bars fraudulently stamped with the logos of major refineries are being inserted into the global market to launder smuggled or...

Sheltech appoints new managing director

-- August 28, 2019 17:30:01

Tanvir Ahmed has been appointed as the managing director of Sheltech Group. He has been involved with the conglomerate since 2008. Mr Ahmed completed his BBA and MBA from UK. He is a CIP since 2014...

Commerce minister optimistic about signing FTA with MERCOSUR

UNB August 28, 2019 16:53:05

Commerce Minister Tipu Munshi on Wednesday said he is optimistic about signing a Free Trade Agreement (FTA) with Southern Common Market (MERCOSUR) to boost trade. “There’s possibility of...

Ride-hailing firm Grab to invest $500m in Vietnam

Reuters August 28, 2019 14:00:43

Ride-hailing firm Grab said on Wednesday it will invest $500 million in Vietnam over the next five years to expand its services in the Southeast Asian country. The company will expand its transport,...

Asgar Ali Hospital signs MoU with LankaBangla Finance

FE Online Desk August 28, 2019 13:37:51

Asgar Ali Hospital has signed a corporate agreement with LankaBangla Finance Limited. Under the agreement, all the employees and cardholders of LankaBangla Finance will get corporate benefits while t...

US retail giant Costco opens first store in China

Xinhua August 28, 2019 11:24:19

US based retail giant Costco Wholesale opened its first brick-and-mortar store on the Chinese mainland on Tuesday. The 14,000-square-metre store is located in southwest Shanghai, with 3,400 stock-kee...

Infrastructure dev in focus as Chinese cos eye relocation

FE Report August 28, 2019 10:37:49

A significant number of Chinese companies are looking for investing in Bangladesh as well as relocating their manufacturing industries to the country, mainly due to global trade dispute and rising cos...

Ex-Google and Uber engineer charged with theft

-- August 28, 2019 10:35:11

The US Department of Justice (DoJ) has filed criminal charges against a former senior engineer at Google's owner Alphabet alleging he stole car technology secrets. Anthony Levandowski was charged wit...

Govt set to issue guarantee on Tk 10b BB refinancing to BKB

FE Report August 28, 2019 10:34:43

The government is set to issue a guarantee against a Tk 10-billion central bank refinancing loan to aid farm credit disbursements by Bangladesh Krishi Bank (BKB). The Bangladesh Bank has already...

AIT exemption on capital machinery import to widen

Doulot Akter Mala August 28, 2019 10:15:45

Capital machinery importers would soon be exempted from paying Advance Income Tax (AIT) on their imports on a larger scale. The National Board of Revenue (NBR) recently took a decision to this end on...

BD imports 7.0 mcm LNG from RasGas, OTI till now

M Azizur Rahman August 27, 2019 21:01:20

Bangladesh has so far imported around 7.0 million cubic metres of LNG by 50 vessels from RasGas of Qatar and Oman Trading International (OTI) of Oman to meet domestic natural gas demand after re-gasif...

LTU unearths 'big chunk' of VAT evasion

-- August 27, 2019 20:20:03

Some 36 multinational and local companies evaded Taka 33.90 billion in Value Added Tax (VAT) in fiscal year 2018-19. Large Taxpayers Unit (LTU) of National Board of Revenue (NBR) detected the evasion...

IIAB elects new office-bearers

FE Online Report August 27, 2019 18:27:44

Mohammed Iqbal Hossain and M Nurul Alam were elected new president and secretary general respectively for the board of governors of the Institute of Internal Auditors, Bangladesh (IIAB). Their names...

FSIBL opens branch at Satkhira

FE Online Desk August 27, 2019 18:09:20

The Patkelghata Branch of First Security Islami Bank Ltd. started its operation at Patkelghata, Satkhira on August 27. Mr. Syed Waseque Md Ali, Managing Director of the bank, inaugurated the branch....

Training programme on “Shariah Governance in Islamic Banking'

FE Online Desk August 27, 2019 18:04:07

Islamic Banks Consultative Forum (IBCF) Research & Training Academy arranged a day-long training programme on “Shariah Governance in Islamic Banking: Global Experience” recently at Ban...

Innovative celebration of Emirati Women’s Day

FE Online Desk August 27, 2019 17:53:00

To mark this year’s Emirati Women’s Day (August 28), five talented and passionate Emirati first officers at Emirates Airline flew to five continents on the same day—on August 27 (Tue...

Modhumoti Bank inks MoU with May International

FE Online Desk August 27, 2019 17:14:34

Modhumoti Bank Limited signed an MoU with May International Trade Services Limited recently at the Bank's Head Office for supply of Credit Report of the customers. In presence of Mr. Md. Shafiul Azam...

Standard Bank holds customers get-together

FE Online Desk August 27, 2019 17:06:50

A customers get-together-2019 of Standard Bank Limited was held on Tuesday at SBL Northbrook Hall Road Branch in old Dhaka under the Chairmanship of Managing Director & CEO Mr Mamun- Ur- Rashid....

BIDA gets new executive chairman

-- August 27, 2019 15:33:55

Ex-secretary Md Sirazul Islam has been appointed as executive chairman of Bangladesh Investment Development Authority (BIDA), effective from September 4. He is replacing Kazi Aminul Islam — the...

Daraz celebrates its 5th anniversary

FE Online Desk August 27, 2019 13:53:28

Country’s largest online marketplace Daraz Bangladesh has launched ‘5th Anniversary Campaign 2019’ for successfully stepping in its fifth year. This online festival, organised for t...

US urged to not misjudge situation, immediately stop wrong actions

Xinhua August 27, 2019 12:57:12

A foreign ministry spokesperson on Monday urged the United States to not misjudge the situation and immediately stop its wrong actions. Spokesperson Geng Shuang made the call in response to a query a...

Only 37 RMG buying houses get registration from DoT

Monira Munni August 27, 2019 10:50:07

Only 37 buying houses have been registered with the Department of Textile (DoT) within the official deadline that ended in July last, officials said. The Ministry of Textiles and Jute (MoTJ) issu...

Johnson & Johnson fined in landmark opioid ruling

-- August 27, 2019 10:45:35

Drugmaker Johnson & Johnson must pay $572m (£469m) for its part in fuelling Oklahoma's opioid addiction crisis, a judge in the US state has ruled. The company said immediately after the jud...

No more separate licences for telcos

Ismail Hossain August 27, 2019 10:26:35

The country's telecom regulator has moved to formulate a unified guideline for the country's mobile operators instead of separate licences for 2G, 3G and 4G services. The Bangladesh Telecommunica...