Search results for: Trade

BPC loss soaring alongside surge in global oil prices

M AZIZUR RAHMAN 2021-10-03 09:03:07

The loss of state-run Bangladesh Petroleum Corporation (BPC) is soaring keeping pace with the mounting oil prices in the international market. It now incurs an estimated Tk 120 million in losses in o...

Feasibility study to be mandatory if project cost exceeds Tk 500m

FHM HUMAYAN KABIR AND REZAUL KARIM 2021-10-03 08:40:21

The government is set to make some changes to the project formulation and approval process that will involve the disbanding of two committees associated with the execution of projects, officials sai...

Low productivity in light engineering causes concerns

ADNAN HOSSAIN BHUIYAN 2021-10-03 08:38:15

Low-or semi-skilled human resources are stymieing the high potential of the light-engineering industry in Bangladesh to produce more import-substitute products and grab rebounding global trade. Exper...

BGMEA hopeful of obtaining GSP Plus facilities in EU after LDC graduation

-- 2021-10-02 23:12:22

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is hopeful of obtaining the GSP Plus facilities in the European Union (EU) market after graduation from the Least Developed Count...

bKash launches bNext, its flagship internship progarmme

-- 2021-10-02 20:14:24

bKash has launched its flagship internship programme "bNext" for undergraduate students.Through this programme, students will get the opportunity to make an impact by contributing to meaningful projec...

MoU soon on Bangladesh-Thai sea route

Our Correspondent 2021-10-02 10:41:00

CHATTOGRAM: Thailand will sign a memorandum of understanding (MoU) with the Chittagong Port Authority (CPA) to set up a sea route between the two countries. It was revealed as the new ambassador of...

Dhaka's house rent rises almost 30pc in five years, 5pc after pandemic exodus

FHM HUMAYAN KABIR 2021-10-02 10:11:19

Dhaka house rents hop up undeterred in times fair or foul as official data show the rentals increased nearly 5.0pc even after the pandemic virus had sent many of the city-dwellers on an exodus. The...

E-commerce law panel sits for a meeting on Oct 06

FE REPORT 2021-10-02 10:09:32

A high-powered committee sits in its maiden meeting this week to craft strategies to enact a digital commerce law and constitute a regulatory body for the scam-stuck e-commerce sector. According to o...

Milk processing: a cash cow ignored for import bias

MIR MOSTAFIZUR RAHAMAN 2021-10-02 09:56:17

True potential of Bangladesh's dairy industry, which now processes only nine per cent of the country's total fresh milk, remains largely unexplored for what appears to be import bias. There are imm...

Oil rises above $78 ahead of OPEC+ meeting

-- 2021-10-02 08:23:06

Oil settled above $78 a barrel on Friday, just shy of a three-year high reached earlier this week, on expectations that OPEC ministers will maintain a steady pace in raising supply. The Organization...

bKash brings down cash-out charge

FE ONLINE DESK 2021-10-01 12:50:46

Country’s leading mobile financial service provider bKash has lowered the cash-out charge in a bid to make customers’ transactions more affordable, says a press release received on Friday....

Bangladesh still has animal protein deficiency: Industry leaders

FE REPORT 2021-10-01 11:16:31

Media gatekeepers, nutritionists and poultry industry leaders at a discussion on Thursday highlighted the mass media's role in making people aware of animal protein deficiency. Since protein intake p...

BB fines two private banks for breaching special fund rules

FE REPORT 2021-10-01 10:42:57

The central bank fined two third-generation private commercial banks (PCBs) Tk 50,000 each on Thursday for violating investment rules of the special fund - only for the capital market. Four other b...

Dhaka looks to lure foreign firms into hydrocarbon exploration to end discovery drought

M AZIZUR RAHMAN 2021-10-01 10:33:24

The government is going to hire an international consultant for a brush-up of the existing model production-sharing contracts (PSCs) to lure foreign firms into exploration of hydrocarbons in Banglad...

Self-driving startup Aurora maps out commercial strategy

-- 2021-10-01 09:12:15

Self-driving startup Aurora says it has discovered a path to turn costly self-driving vehicles into a profitable business, showcasing its technology to investors this week ahead of a public listing it...

Go Zayaan raises $2.6m in investment

FE ONLINE DESK 2021-09-30 17:20:21

Bangladeshi travel-tech startup Go Zayaan, has raised US$2.6 million, the company has announced. The money has been raised in a seed round led by Wavemaker Partners, one of Southeast Asia’s lea...

OVL begins exploratory drilling campaign in Bangladesh

FE ONLINE REPORT 2021-09-30 16:41:22

ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), on Thursday said it has spud the first well in an offshore block in Bangladesh, marking the start of...

Why this global energy crunch?

FE ONLINE DESK 2021-09-30 13:04:34

Unprecedented power cuts in Northern China left millions without electricity, ground factories to a halt and sent workers to the hospital with carbon monoxide poisoning after ventilators lost power du...

How supply chains falling out of fashion

FE ONLINE DESK 2021-09-30 12:17:55

Fashion brands like Benetton are increasingly turning away from globe-spanning supply chains and low-cost manufacturing hubs in Asia, in a shift that could prove a lasting legacy of the COVID-19 pande...

Japanese companies' footprint in Bangladesh steady

MUNIMA SULTANA 2021-09-30 11:03:48

The interest of Japanese companies and joint ventures in Bangladesh has grown steadily in the past decade with their increased footprint. The Japan Bangladesh Chamber of Commerce and Industry (JBCCI)...

Bangladesh government moves to make agri profitable: Minister

-- 2021-09-30 10:42:54

The government has taken initiatives to make the country's agriculture sector profitable by modernising and commercialising it, said agriculture minister Dr Mohammad Abdur Razzaque in the capital on...

Salman raps civil aviation for non-functional explosive scanners

FE REPORT 2021-09-30 10:32:50

Salman F Rahman on Wednesday came down heavily on the civil aviation and Bangladesh Biman authorities for their failure to reoperationalise EDSs (explosive detection scanners) at the cargo village....

Indian co begins gas drilling on Bangladesh island in Bay

M AZIZUR RAHMAN 2021-09-30 10:27:03

India's oil company ONGC Vid-esh Ltd finally began Wednesday maiden offshore drilling on the Maheshkhali island in the Bay of Bengal to delineate hydrocarbon reserves. The oil-and-gas explorer will b...

Sukuk to be exempted from all taxes at source

DOULOT AKTER MALA 2021-09-30 10:23:43

Another fiscal incentive on sukuk is ready to make its transaction cheaper and popular on the alternative bond market that plays by Islamic law book on financial matters. Officials say the latest t...

Telecoms tycoon Drahi in talks to buy French satellite firm Eutelsat

-- 2021-09-30 09:24:41

Telecoms tycoon Patrick Drahi is in talks to buy French firm Eutelsat in a deal that would see one of his investment vehicles take direct control of the Paris-listed satellite operator, two sources fa...

Netflix buys first video game studio

-- 2021-09-30 08:36:58

Netflix has bought video game creator Night School Studio and rolled out five mobile gaming titles in select European markets, the company said on Tuesday, as it looks to diversify revenue sources ami...

Biman to resume direct flights to Madinah, Kuwait, Kathmandu

-- 2021-09-29 20:40:50

Biman Bangladesh Airlines has announced plans to resume direct flights from Dhaka to Madinah, Kuwait and Kathmandu. Flights to Kathmandu will resume on Oct 9, and Madinah and Kuwait on Oct 10 with ti...

Coca-Cola Bangladesh releases Sustainability Highlights Report 2020

-- 2021-09-29 18:11:04

Coca-Cola in Bangladesh has launched the Sustainability Highlights Report 2020 in line with the company's global commitment to “Building sustainable communities as foundations for sustainable bu...

e-CAB suspends membership of Evaly, three others

FE ONLINE REPORT 2021-09-29 17:11:44

The E-commerce Association of Bangladesh (e-CAB) has declared to suspend memberships of four e-commerce companies including Evaly on multiple allegations of fraud and irregularities. The other three...

China’s overseas coal finance exit could impact 44 projects in Asia, Africa

FE ONLINE DESK 2021-09-29 16:35:41

China’s pledge to end overseas coal finance will impact 44 coal plants totalling 42,220 megawatts (MW) of capacity, according to Global Energy Monitor’s updated Global Coal Public Finance...