Search results for: Trade

Trade fair to end on Monday

-- 2022-01-30 22:17:33

The month-long 26th Dhaka International Trade Fair (DITF) is going to end on Monday. The ministry of commerce will hold the closing ceremony at the Bangabandhu Bangladesh-China Friendship Exhibition...

Lack of skilled manpower hampers development: FBCCI

-- 2022-01-30 20:40:29

Lack of skilled manpower is hindering the private sector’s efforts to reach various development targets set by the government, Md. Jashim Uddin, president of the country’s apex chamber sai...

Eon Group has signed MOU with United Promotions Inc

FE ONLINE DESK 2022-01-30 20:27:30

Eon Group of Industries, one of the leading agro-based companies in the country, has signed a Memorandum of Understanding (MOU) with United Promotions Inc. (UPI), a world-renowned American organisatio...

Rice price increasing despite record production, says agriculture minister

-- 2022-01-30 17:54:55

The price of rice is increasing being control despite a record production and the highest stock in silos, according to Agriculture Minister Muhammad Abdur Razzaque. “Since rice is the staple fo...

NBR to formulate 'perspective plan' to boost VAT collection

DOULOT AKTER MALA 2022-01-30 08:51:20

The National Board of Revenue (NBR) would formulate a 'perspective plan' to strengthen its VAT (Value Added Tax) collection drive and increase internal resources to help implement the country's develo...

BPC losing Tk 75m per day as oil price rises

M AZIZUR RAHMAN 2022-01-30 08:45:03

State-run Bangladesh Petroleum Corporation (BPC) has again started counting losses worth around Tk 75 million per day as the fuel oil price in the international market remains bullish over the past on...

BTMA units’ three-month loss caused by gas shortage stands at $1.75b

FE REPORT 2022-01-30 08:42:38

The Bangladesh Textile Mills Association (BTMA) on Saturday claimed its export-oriented factories incurred $1.75-billion production losses in the past three months for gas supply crunch. A good numbe...

Gas crunch causes textile mills to incur $1.75b production loss in three months

FE ONLINE REPORT 2022-01-29 16:31:54

Bangladesh Textile Mills Association (BTMA) on Saturday claimed that export-oriented factories have incurred production loss worth US$1.75 billion in the last three months due to poor gas supply. A g...

Goldman Sachs raises CEO Solomon's pay to $35m

-- 2022-01-29 11:20:30

Goldman Sachs Chief Executive Officer David Solomon's total compensation for 2021 will be $35 million, the bank said on Friday, Reuters reports. That is double the $17.5 million he received for 2020....

India plans over $40b for food, fertiliser subsidy

-- 2022-01-29 10:35:41

India is likely to set aside about 3 trillion rupees ($40 billion) on food and fertiliser subsidies in its budget next week for 2022/23, officials said, roughly the same amount the government budgeted...

Beximco Pharma, Acme Lab log robust profit growth

FE REPORT 2022-01-29 10:32:34

Two listed drug makers -- Beximco Pharma and Acme Laboratories -- posted higher profits in the first half of the current fiscal year (FY) 2021-22, thanks to higher sales amid pandemic. The sales rose...

Nepal urges Bangladesh to lift ban on soybean de-oiled cake export

FE REPORT 2022-01-29 10:21:52

Nepalese poultry sector entrepreneurs have requested Bangladesh government to lift ban on export of soybean de-oiled cake, as their poultry industry has been severely hit following the ban decision, s...

Big-budget transport sector seeks more funds

FHM HUMAYAN KABIR 2022-01-29 10:18:24

The big-budget transport sector seeks higher funds in the upcoming revised development budget for the current fiscal year, officials say, as reappraisals of the outlays are underway. They said Friday...

Private depots warn shipping companies of service halt from February 1

JASIM UDDIN HAROON 2022-01-29 10:13:51

A section of private container depots warned the shipping firms concerned of discontinuing their services from February 01 unless the shippers confirm 23 per cent increase in their tariff. Discontinu...

Edible oil prices hiked defying Bangladesh government’s decision

TALHA BIN HABIB AND YASIR WARDAD 2022-01-29 10:06:00

Refiners raised edible oil prices last week defying the government decision as branded soybean oil price hit Tk163-168 a litre from Tk155-Tk 160 earlier at the retail level. They increased the pric...

All exports from Bangladesh to pass through port scanning

SYFUL ISLAM 2022-01-29 10:01:13

All exports from Bangladesh will now pass through port scanning in compliance with international shipment security standards and so the process of installing scanners at all gates of Chattogram seapor...

China Unicom loses authorisation to operate in United States

-- 2022-01-28 21:07:14

The US Federal Communications Commission (FCC) on Thursday voted to revoke the authorisation for China Unicom's US unit to operate in the United States, citing national security concerns. The 4-0 vot...

Woodside Petroleum joins Chevron, TotalEnergies in plans to exit Myanmar

-- 2022-01-28 20:57:26

Woodside Petroleum on Thursday joined multinational oil majors Chevron and TotalEnergies in plans to exit Myanmar, nearly a year after a military coup plunged the Southeast Asian nation into turmoil....

Toyota remains world's biggest car seller

-- 2022-01-28 19:00:17

Japan's Toyota Motor Co said on Friday its vehicle sales rose by 10.1 per cent last year, making it the world's biggest carmaker for a second straight year and putting it further ahead of its nearest...

Most essentials see price spiral at weekend

  SAJIBUR RAHMAN 2022-01-28 15:49:53

Prices of loose soybean oil, newly-harvested onion, broiler chickens and both varieties of chickens --Pakistani and Sonali saw a price hike in Dhaka city’s kitchen markets at the weekend. Almos...

Freight forwarders meet port officials

OUR CORRESPONDENT 2022-01-28 10:14:16

CHATTOGRAM: Leaders of the Bangladesh Freight Forwarders' Association (BFFA) have met with the terminal manager of the Chittagong Port Authority (CPA) to discuss their various issues with him. The...

AmCham re-elects Ershad president, Kamal vice president

FE REPORT 2022-01-28 10:11:48

Syed Ershad Ahmed - Country Manager & Managing Director, Expeditors (Bangladesh) Ltd has been re-elected as the president of American Chamber of Commerce in Bangladesh (AmCham) for the term 2021-2...

Dhaka ducks Delhi's LoC loan for hard tags

M AZIZUR RAHMAN 2022-01-28 10:01:34

Bangladesh decides to avoid funding from the Indian Line of Credit (LoC) to install river-crossing electricity transmission lines from Rooppur nuclear power plant following exorbitant procurement pric...

Bangladesh government’s non-tax revenue dips

JASIM UDDIN HAROON 2022-01-28 09:59:44

Government earning from non-tax revenue (NTR), the second-biggest resource of fund mobilisation for Bangladesh, dropped 40 per cent, year on year, in the first quarter of the ongoing fiscal year. Off...

Oil holds near 7-year high

-- 2022-01-28 09:20:59

Oil prices eased on Thursday after Brent crude hit a seven-year high above $90 a barrel, as the market balanced concerns about tight worldwide supply with expectations the US Federal Reserve will soon...

Dhaka Bank signs payroll agreement with SF Group

-- 2022-01-27 18:19:45

Dhaka Bank Limited has recently signed an agreement with SF Group for providing Payroll Banking Services.   Mr. Emranul Huq, Managing Director & CEO of Dhaka Bank Limited and Mr. Fuad Abd...

AmCham re-elects president, vice president

-- 2022-01-27 17:41:36

    Syed Ershad Ahmed - Country Manager & Managing Director, Expeditors (Bangladesh) Ltd has been re-elected as the president of American Chamber of Commerce in Bangladesh (AmCham) for...

Oil market faces rocky road

-- 2022-01-27 12:11:48

An increase in oil output by producer nations cashing in on expensive crude has depleted the cushion of spare capacity that protects the market from sudden shocks and raised the risk of price spik...

US Federal Reserve signals interest rate hike 'soon'

FE ONLINE DESK 2022-01-27 11:15:24

The Federal Reserve on Wednesday said it is likely to hike interest rates in March and reaffirmed plans to end its bond purchases that month in what US central bank chief Jerome Powell pledged will be...

US goods trade deficit hits record high

FE ONLINE DESK 2022-01-27 10:56:08

The US trade deficit in goods widened to a record high in December as imports increased for a fifth straight month amid strong domestic demand, suggesting that trade likely remained a drag on economic...