Search results for: Trade

Fuel price hike adds to fish traders' woes

NAZIMUDDIN SHYAMOL 2021-11-16 10:42:09

Fuel price hike has augmented sufferings of Chattogram's fish farmers and fishmongers, already hit hard financially by the Covid-19 pandemic. Wholesalers at Chattogram's Fishery Ghat told the FE that...

Bangladesh now a major ICT export hub: Salman Rahman

FE REPORT 2021-11-16 10:17:50

The concept of 'Digital Bangladesh' has made the country a major hub of ICT-led export industries and digital services, said PM's private industry and investment adviser Salman F Rahman on Sunday....

UAE keen to supply corona vaccines to Bangladesh

FHM HUMAYAN KABIR 2021-11-16 08:55:56

The United Arab Emirates (UAE) shows its eagerness to supply Covid-19 vaccine to Bangladesh as a Gulf company is now producing the jab, according to officials. In reply, Dhaka has requested Abu Dhabi...

Government urged to buy sugar from local refiners

REZAUL KARIM 2021-11-16 08:52:25

Country's sugar refiners have proposed the government to purchase sugar from their member mills to ensure buffer stock and thus keep the price stable during the next Ramadan, officials said. Banglade...

Japanese company seeks refund of Tk 292m charged as import duties

Doulot Akter Mala 2021-11-16 08:35:57

A Japanese company claims Bangladesh customs has charged Tk 292 million in duty-taxes on its building-material imports by mistake and has moved for refund of the money. Officials say Japan's Dhaka mi...

Securing EU trade facility won't be 'a picnic' for Bangladesh: Envoy

FE REPORT 2021-11-16 08:28:35

The Head of Delegation of the European Union in Bangladesh, Charles Whiteley, dropped a broad hint Monday that for Bangladesh achieving the GSP-plus trade facility on the EU market would be a challe...

bKash distributes graphic novel ‘Mujib’ to 45 schools in Mymensingh

-- 2021-11-15 21:38:09

As part of distributing 20,000 copies of graphic novel ‘Mujib’, bKash has distributed the graphic novel to the students of 45 schools in the Mymensingh division to inspire them with the id...

BRAC Bank, GlobalLinker join hands to launch first ever SME Networking Platform in Bangladesh

-- 2021-11-15 21:31:28

  BRAC Bank and GlobalLinker, a leading business networking and enablement platform for SMEs, have agreed to launch a digital platform on which the SMEs of Bangladesh can be empowered to network...

Trust Bank branch re-located

-- 2021-11-15 21:24:46

Humaira Azam, Managing Director & CEO of Trust Bank Limited, graced the Relocation Programme of Khawja Garib Newaz Avenue Branch of the bank at Tropical Akhando Tower ,Khawja Garib Newaz Avenue, U...

To kick customers' branch habit, Europe's banks turn to fees

-- 2021-11-15 15:36:24

At Spain's Caixabank most customers visiting a branch for a service they could access online will now have to pay two euros for the privilege. The fees are part of a shift by European banks, sufferin...

Yamaha launches new scooter Street Rally 125cc in Bangladesh

FE ONLINE DESK 2021-11-15 14:27:03

Japanese motorbike manufacturer Yamaha, in partnership with ACI Motors Ltd, has launched a new scooter in Bangladesh. The scooter -- Street Rally 125cc -- was unveiled at an event in Dhaka city&rsquo...

Italy keen to invest in Bangladesh's leather industry

-- 2021-11-15 10:35:17

Italy has expressed interest to invest in Bangladesh's leather industry. Italian ambassador to Bangladesh Enrico Nunziata expressed the interest during a meeting with Bangladesh Small and Cottage Ind...

Feasibility study on Chattogram-Cox's Bazar expressway to be completed by December

OUR CORRESPONDENT, CHATTOGRAM 2021-11-15 10:15:44

The feasibility study on the mega project to construct a 136-km-long expressway from Chattogram to Cox's Bazar under Public-Private Partnership (PPP) is expected to be completed by December this yea...

Italian company to invest in recycling solid waste of tannery

FE REPORT 2021-11-15 08:37:39

An Italian company has expressed interest to invest in recycling the solid waste of the Tannery Industrial Estate at Savar, a senior official said on Sunday. As per an initial discussion, the company...

Execution of Chattogram-Cox's Bazar corridor likely to be delayed

Munima Sultana 2021-11-15 08:33:34

The development work of Chattogram-Cox's Bazar road corridor is likely to be delayed as the authorities concerned have changed their minds to develop the existing two-lane road into a four-lane one fi...

Chevron seeks 60sqk flank to Bibiyana hydrocarbon field

M AZIZUR RAHMAN 2021-11-15 08:26:54

Chevron now moves to acquire an around 60-square-kilometre 'flank' to Bangladesh's largest producing gas-field Bibiyana for additional exploration as the American energy major deems the area abounds w...

LC settlements fall 5.26pc to $5.27b in October

SIDDIQUE ISLAM 2021-11-15 08:23:47

Bangladesh's import volume fell in October as apparel exporters had earlier made contingency stockpile of textiles in line with buyers' orders to avert global price volatility and cut down purchase....

Fake companies, 29 persons sued for loan scams

FE REPORT 2021-11-15 08:22:01

The Anti-Corruption Commission (ACC) filed cases against five fake organisations on Sunday for their alleged involvement in bank loan scams and embezzlement of over Tk 2.30 billion. ACC Deputy Dire...

Exporters can speedily pass through ports as VAT-exemption process relaxed

DOULOT AKTER MALA 2021-11-15 08:18:42

Exporters now can enjoy speedy cargo delivery from the customs ports as the time-consuming VAT-exemption process has been relaxed to give them a quick pass. The value-added tax (VAT) wing of the Nati...

BPC in trouble over BPDB’s extra purchase order of petroleum

-- 2021-11-14 19:43:01

A purchase order by the Bangladesh Power Development Board (BPDB) to import extra quantities of diesel and furnace oil has put the Bangladesh Petroleum Corporation (BPC) in big trouble. Citing offici...

MoU signed to promote Bangladesh's business process outsourcing industry

FE REPORT 2021-11-14 09:53:02

Bangladesh Association of Call Center and Outsourcing (BACCO) and an Uzbek agency have joined hands aiming to promote business process outsourcing or BPO industry in two countries. To this effect...

Industries ministry for allowing crude edible salt import

FE REPORT 2021-11-14 08:31:14

The industries ministry has suggested allowing import of over 0.31 million tonnes of crude edible salt to meet its shortage and keep the price of the widely used item stable in the local market. The...

Bangladesh needs to show strong grounds for EU market access: Study

DOULOT AKTER MALA 2021-11-14 08:28:00

Bangladesh should put forward a set of strong grounds urgently to retain its duty-free benefit for apparel exports under new GSP+ rules of the European Union (EU), suggests a study. The time for ma...

One day dwell-time reduction at Chittagong port to increase exports by over 7.0pc: WB official

FE REPORT 2021-11-14 08:25:05

A World Bank transport expert on Saturday said improvement in transport and logistics in Bangladesh would help boost its export receipt significantly. A one-day reduction in dwell time [ship's stay...

Payments to owners of power plants sans use of electricity surge to Tk 250b

M AZIZUR RAHMAN 2021-11-14 08:20:32

Annual capacity payments to power-plant owners, sans use of electricity, keeps ballooning as the amount increased by around one-fourth to Tk 250 billion in the last fiscal year, according to the lates...

Toyota says to develop alternative fuels with other Japanese vehicle makers

-- 2021-11-13 21:06:51

Toyota Motor Corp said on Saturday it will partner with four other Japanese vehicle makers to explore the viability of alternative green fuels for internal combustion engine cars, including hydrogen a...

Bangladeshi RMG factories one of the safest in Asia, says German author

FE ONLINE DESK 2021-11-13 20:36:39

Bangladeshi garment factories are one of the safest workplace destinations in Asia, if not the world, after the remediation upon the recommendations by Accord and Alliance, said a German book author D...

Prices of daily essentials stable

FE ONLINE REPORT  2021-11-13 15:01:21

Prices of almost all daily essentials, including vegetables and onion, have remained steady, especially in the capital’s kitchen markets on Saturday, compared to the last couple of days. Howeve...

Toshiba plans to split into three after years of scandals

-- 2021-11-13 13:22:18

Toshiba Corp outlined plans on Friday to split into three companies in an attempt to appease activist shareholders calling for a radical overhaul of the Japanese conglomerate after years of scandals,...

RMG workers urge govt to ratify ILO convention on violence against women

FE REPORT 2021-11-13 10:24:03

Garment workers demanded on Friday that the government ratify and implement the ILO Convention-190 to end violence and harassment against women at the workplace. Despite the growing number of women...