Search results for: Trade

CAB demands reduction of milk prices

FE Online Report 2021-03-28 18:31:36

The Consumers Association of Bangladesh (CAB), on Sunday, demanded that the state-owned cooperative Milk Vita reduce milk prices to give consumers some relief amid the pandemic. Earlier on March 13,...

Indian apex trade body offers bouquet of 49 technologies to Bangladesh

-- 2021-03-28 18:19:25

The Federation of Indian Chambers of Commerce and Industry (FICCI) has announced to offer a bouquet of 49 technologies under Rural Technology Action Group (RuTAG) commercialisation programme to promot...

Nokia mobile available on domestic e-commerce marketplace Evaly

-- 2021-03-28 18:05:42

Nokia phones can be bought from the virtual shop in the domestic e-commerce marketplace Evaly.com.bd, confirmed the phone’s authorised distributor Cellular Mobile (Pte) Limited (CMPL) through a...

Trade unionists urge Canadian brands to support RMG workers

MONIRA MUNNI 2021-03-28 09:34:56

Trade unionists have called upon the Canadian brands and retailers to commit for paying living wages and endure other vital supports to the impoverished readymade garment (RMG) workers in their supply...

Bangladesh's vegetables exports hit three-year low

YASIR WARDAD 2021-03-28 09:27:54

Exports of vegetables from Bangladesh dropped to three-year low this fiscal year due to a lack of air cargo freighters during the Covid-19 pandemic that caused an almost halt in export to European Uni...

Apex trade body leader advocates  simple interest rate for ease of doing business

JASIM UDDIN HAROON 2021-03-28 08:30:57

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) president Sheikh F Fahim said lending rate should be simple, not compound. He said the targeted single-digit interest rates have bee...

Virus, tax spat delay drilling by Indian company

M AZIZUR RAHMAN 2021-03-28 08:12:58

The onslaught of Covid-19 and a tax row with the authorities concerned have put on hold the mandatory drilling of Kanchan well by ONGC Videsh Ltd. Sources said the Indian oil and gas company had a pl...

Salvager hopes to free Suez Canal by start of next week

-- 2021-03-27 18:50:00

A giant container ship grounded in the Suez Canal could be freed by the start of next week if heavier tugboats, dredging and a high tide succeed in dislodging it, a Dutch firm working to free the vess...

‘Startup Incubation Program’ begins at Rangpur divisional level

FE Online Report 2021-03-27 18:09:14

The Innovation Design and Entrepreneurship Academy (iDEA) project of Bangladesh Computer Council (BCC) launched a four-day ‘Startup Incubation Program’ at the Rangpur divisional level. Th...

City Bank wins best digital bank award

-- 2021-03-27 17:37:29

Leading global financial publication AsiaMoney has honoured City Bank with ‘Best Digital Bank in Bangladesh 2021’ award for its outstanding contributions in digital banking in Bangladesh....

Demand to arrest unscrupulous traders

FE Online Report 2021-03-27 14:56:22

Tenants Council (Baratia Parishad) in Dhaka on Saturday demanded the arrest of unscrupulous traders for their alleged involvement in raising the prices of essential commodities ahead of the upcoming h...

Lufthansa budges in flight tussle with Condor

Reuters 2021-03-27 10:12:31

German carrier Lufthansa is reconsidering its decision to cancel an agreement that allows passengers of smaller rival Condor to use Lufthansa feeder flights as part of their journey to holiday destina...

Stellantis, Nio halt production due to chip shortage

-- 2021-03-27 10:02:10

Stellantis NV and Chinese electric vehicle maker Nio became the latest carmakers to announce new production cuts as a result of a global semiconductor chip shortage. Stellantis said on Friday it will...

Local industries to get priority in next budget: NBR chief

FE Report 2021-03-27 09:52:54

The National Board of Revenue (NBR) would give priority to local industries in the upcoming budget for next fiscal year (FY2021-22), aiming to boost domestic production and reduce import dependence, t...

BB revises agency commission policy on handling vessels

FE REPORT 2021-03-27 09:51:22

The central bank has revised policy on agency commission for handling vessels - aiming to save foreign currency in foreign trade transportation, officials said. Under the revised policy, local shippi...

Price rise continues as queues at subsidised sale centres getting longer

YASIR WARDAD 2021-03-27 08:36:35

Edible oil, sugar and some essentials became costlier last week increasing sufferings of the commoners who had already dug deep into their pockets to meet the rising cost of living triggered by price...

Rotary President inaugurates 500 Comfort Center for educational institutions 

-- 2021-03-26 20:58:21

Rotary President Shekhor Mehata inaugurated the project to construct 500 comfort centers for neglected educational institutions across the country under Bangladesh Rotary Priority Community Project....

Nike, Adidas join brands feeling Chinese social media heat over Xinjiang

-- 2021-03-26 12:02:26

Nike and Adidas came under attack on Chinese social media on Thursday over past comments the fashion brands have made about labour conditions in Xinjiang, part of a diplomatic row between China and th...

Mastercard resists compound interest on $19b UK class action

-- 2021-03-26 11:47:56

Mastercard Inc has pushed back against attempts to add compound interest to a 14 billion-pound ($19.2 billion) British consumer class action during a specialist court hearing to certify and agree the...

Stranded ship could block Suez Canal for weeks

-- 2021-03-26 10:55:56

A huge container ship blocking the Suez Canal like a “beached whale” may take weeks to free, the salvage company said, as officials stopped all ships entering the channel on Thursday in a...

Bangladesh moves to boost Halal food export

FE REPORT 2021-03-26 10:29:38

A high-powered government delegation is expected to visit two Muslim countries, Turkey and Indonesia, to gain institutional experience of expanding 'Halal' food export market, officials said. Additio...

AMTOB urges not to levy fresh tax on telcos

FE REPORT 2021-03-26 10:12:55

The country's mobile phone operators proposed the National Board of Revenue (NBR) not to impose fresh burdens of tax every year on them considering the sector's contribution to Bangladesh's economy....

Chittagong Port Authority to raise store rent from April 1

Our Correspondent 2021-03-26 08:39:16

CHATTOGRAM: If the Dangerous Goods (DG) and containers loaded with chemicals are not cleared within four days into unloading at the jetty, the importers concerned will have to pay four times more th...

Korean companies in Bangladesh hold meeting with Embassy officials 

-- 2021-03-25 20:51:37

The Embassy of South Korea held a meeting on Thursday with Korean companies having presence in Bangladesh and discussed trade and investment issues. An expert from KPMG was also invited to the meetin...

Evaly sponsors ‘Mission Extreme’

-- 2021-03-25 19:07:32

Evaly, the country's local e-commerce company is sponsoring the films Mission Extreme and Mission Extreme-2, which are set to hit theaters this Eid by showing surprise, according to a statement. This...

City Bank discloses earnings for Q4 of 2020

-- 2021-03-25 19:04:08

City Bank on Thursday disclosed its earnings for the fourth quarter of 2020 through an event on a digital platform. Existing and potential investors, researchers and analysts and other individuals in...

H&M, more foreign retail brands under fire in China in Xinjiang fallout

-- 2021-03-25 16:15:08

More foreign retail brands were criticised on Chinese social media on Thursday after Beijing’s propaganda offensive against Sweden’s H&M sparked by the company’s expression of co...

Mastercard battles return of $19 billion UK class action

-- 2021-03-25 16:11:37

A specialist London court will this week re-consider allowing an historic 14 billion pound ($19 billion) class action against Mastercard to proceed, which could entitle adults in Britain to about 300...

Suez still blocked, efforts on to free stranded ship

-- 2021-03-25 15:58:52

The Ever Given vessel, almost as long as the Empire State Building is high, ran aground diagonally across the single-lane stretch of the southern canal on Tuesday morning after losing the ability to s...

After H&M, more foreign retail brands come under criticism in China over Xinjiang statement

-- 2021-03-25 13:36:34

More foreign retail brands came under criticism from social media in China on Thursday, in the wake of Beijing’s propaganda offensive against H&M over the Swedish company’s previously...