Search results for: Trade

Bangladesh borrows $300m from AIIB for CMSMEs

-- 2022-02-22 22:41:53

The Ministry of Finance and the Asian Infrastructure Investment Bank (AIIB) have signed an agreement to implement $300 million loan project. Cottage, micro, small and medium enterprises (CMSMEs) will...

Consumer rights directorate to launch drive in March to control commodity prices

-- 2022-02-22 22:33:09

The Directorate of National Consumers’ Rights Protection (DNCRP), under the commerce ministry, will launch a special drive in the wholesale market in March to keep prices of commodities under co...

BGMEA delegation visits International Trade Union Confederation headquarters

-- 2022-02-22 22:23:14

A delegation of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has visited the headquarters of the International Trade Union Confederation (ITUC) in Brussels on Tuesday. The d...

Oil price nears $100 following Russia-Ukraine further escalation

-- 2022-02-22 16:52:19

Oil hit its highest since 2014 on Tuesday as tensions between Russia and Ukraine escalated after Moscow ordered troops into two breakaway regions in eastern Ukraine, adding to supply concerns that are...

TCB extends its open market sale programme until Feb 26

FE ONLINE REPORT 2022-02-22 13:17:40

The Trading Corporation of Bangladesh (TCB) has extended its open market sale (OMS) programme of key essential items for four days until February 26. The programme was to end this Tuesday, Humayun Ka...

Three-fourths of people want single-use plastics banned, global survey finds

-- 2022-02-22 11:28:17

Three in four people worldwide want single-use plastics to be banned as soon as possible, according to a poll released on Tuesday, as United Nations members prepare to begin talks on a global treaty t...

Markets brace for heavy falls as Russia-Ukraine crisis worsens

-- 2022-02-22 11:17:50

Investors were bracing for a torrid day for Russian, Ukrainian and wider global markets when they reopen on Tuesday, after Vladimir Putin upped the ante in a crisis the West fears could unleash a majo...

Russian banks imported $5.0b in foreign cash in December: ACRA

-- 2022-02-21 21:32:46

Russian ratings agency ACRA estimates that the country's banks imported $5.0 billion worth of banknotes in foreign currencies in December, up from $2.65 billion a year before, in a pre-emptive step in...

Euro's gains fizzle amid Russia-Ukraine conflict fears

-- 2022-02-21 21:18:34

The euro's gains fizzled and the dollar received a safe-haven boost on Monday after the Kremlin said there were no concrete plans for a summit over Ukraine between the Russian and US presidents. Week...

Mercedes-Benz foresees production of only electric vehicles within a few years

-- 2022-02-21 21:12:44

Mercedes-Benz expects to have factories producing exclusively electric vehicles (EVs) by the second half of the decade but will steer clear of building EV-only plants, instead keeping production lines...

Oil rises as market looks to Russian-Western diplomacy

-- 2022-02-21 18:14:39

Oil prices rose slightly on Monday as fresh diplomatic efforts to resolve the Ukraine crisis provided some relief from supply concerns that have kept oil prices near $100 a barrel. Brent crude future...

Ukraine, Russia no more Bangladesh’s wheat import sources but traders hike price

FE ONLINE DESK 2022-02-21 16:06:39

A major section of Bangladesh traders has reportedly raised wheat prices in the domestic market on the pretext of the ongoing Russia-Ukraine crisis. None of the two countries is any major wheat impor...

Relocation of chemical factories, warehouses from Old Dhaka will not happen this year

-- 2022-02-21 14:04:45

The ‘BSCIC Chemical Industrial Park’ project, designed to shift the chemical factories and warehouses from Old Dhaka following the Nimtali and Churihatta fire tragedies, has its June 2022...

Flights from India's Agartala to Dhaka, Chattogram soon

FE REPORT 2022-02-21 11:57:40

A move is underway to introduce flights between Dhaka, Chattogram and Agartala, the capital of neighbouring Indian state of Tripura aiming to help boost trade and tourism in the region, according to...

Credit Suisse leak unmasks criminals, fraudsters, corrupt politicians: The Guardian

FE ONLINE DESK 2022-02-21 10:46:36

A massive leak from one of the world’s biggest private banks, Credit Suisse, has exposed the hidden wealth of clients involved in torture, drug trafficking, money laundering, corruption and othe...

Edible oil won't budge locally, if no price fall reported globally: Minister

FE REPORT 2022-02-21 10:15:51

Commerce Minister Tipu Munshi ruled out on Sunday any possibility of decline in edible-oil prices in the local market unless their rates decrease in the global market. "If the prices of edible oils...

Telcom operators to send all SMSs in Bangla

FE REPORT 2022-02-21 09:29:30

Telecom operators, from now on, will have to send all their promotional and system-generated text messages and notifications in Bangla. The Bangladesh Telecommunication Regulatory Commission (BTRC)...

Beef price shoots up in Bangladesh market

YASIR WARDAD 2022-02-21 08:40:54

After remaining almost static for the last 10 months, the price of beef witnessed a notable hike in a week mainly due to a surge in animal transportation cost owing to a diesel-price hike. Beef price...

BSTI awards ISO certificates to seven local companies

FE ONLINE REPORT 2022-02-20 20:01:22

The Bangladesh Standards and Testing Institution (BSTI) awarded the International Organisation for Standardisation (ISO certificate) to seven companies for obtaining and ensuring international standar...

ICT division issues BB certifying authority license

-- 2022-02-20 18:27:04

Information and Communication Technology Division's Controller of Certifying Authorities (CCA) has issued a CA (Certifying Authority) license to Bangladesh Bank, the apex regulatory body for the count...

BGMEA for promoting RMG industry globally

-- 2022-02-20 18:15:14

Faruque Hassan, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Sunday said Bangladesh's RMG industry has made tremendous progress especially in the past decade, ear...

Sheikh Mohammad Maroof appointed chief business officer of City Bank

FE ONLINE DESK 2022-02-20 17:24:23

City Bank has appointed Sheikh Mohammad Maroof as its chief business officer recently. Prior to assuming new responsibility, Mr Maroof had served the bank as additional managing director, according t...

Stakeholders seek steps for Benapole port development

FE REPORT 2022-02-20 12:24:23

The Benapole Customs Clearing and Forwarding Agents Association (BCCFAA) seeks government steps for the infrastructural development of Benapole port with an eye to modernising the largest domestic lan...

Four firms to invest $50m in BEPZA Economic Zone

FE REPORT 2022-02-20 12:19:44

BEPZA Economic Zone in Mirsharai of Chattogram, for the first time, is set to house four industrial units that will invest an aggregate amount of US$50 million. The investors-- three foreign companie...

Karnaphuli dredging to be completed in mid-2022, project director says

NAZIMUDDIN SHYAMOL, CHATTOGRAM 2022-02-20 11:27:19

The time for completing Karnaphuli Capital Dredging project, beset with many problems and delayed multiple times earlier, including coronavirus outbreak and the consecutive lockdown, has been extended...

Europe-Bangladesh chamber to expand trade soon: FBCCI

FE REPORT 2022-02-20 11:01:34

Europe-Bangladesh Chamber of Commerce (EBCC) will be formed soon to familiarise the country's products other than readymade garments (RMG) considering their market potential that will help expand bila...

Wage app to haggle with Bangladesh's RMG buyers

FE REPORT 2022-02-20 09:47:51

Apparel sector trade bodies- BGMEA and BKMEA- will introduce a wage app that will help local garment factories to negotiate better price with buyers keeping the floor costs, mostly wage and other bene...

Gas crisis to continue two more weeks

FE REPORT 2022-02-20 09:43:06

The country's existing natural gas crisis is set to continue for two more weeks as it might take until the end of this month to get the Summit Group's FSRU (floating, storage, re-gasification unit) re...

Realtors oppose move to include city corporations in construction approval

FE REPORT 2022-02-20 09:17:58

The country's realtors on Saturday opposed a government move to include two city corporations, besides RAJUK, in the approval process for the construction of structures in Dhaka. The decision directl...

Refiners seek fresh hike in edible oil price

YASIR WARDAD 2022-02-20 08:49:05

The edible oil refiners have submitted a proposal again to the government, seeking a hike in the maximum retail price (MRP) of the daily essential item. They requested the government to raise the MRP...