Search results for: Trade

Farmers angry at rising Boro farming costs

YASIR WARDAD 2021-01-28 09:52:44

Farmers are in dire straits as Boro cultivation costs have inflated due to an escalation in agri-input prices by local businesses this season. Experts said excessive input costs might make rice prici...

SSLCOMMERZ signs agreement with UnionPay International

FE Online Desk 2021-01-27 22:06:59

The largest payment gateway of Bangladesh SSLCOMMERZ and the leading global payment network UnionPay International have signed an agreement, according to a release. From now on UnionPay cardholders c...

Samsung air conditioner manufacturing plant launched in Narsingdi

-- 2021-01-27 21:46:31

Fair Electronics on Wednesday launched Samsung air conditioner manufacturing plant at Narsigndi’s Shibpur. State Minister for ICT Zunaid Ahmed Palak inaugurated the manufacturing plant, reports...

Cabinet committee okays raw gold import

-- 2021-01-27 21:40:00

From now on, jewellery manufacturers will be allowed to import raw gold to refine it locally. The Cabinet Committee on Economic Affairs gave its nod in this regard by approving an amendment to the ex...

Bangladesh’s infrastructure attractive to investors, Egyptian envoy tells DCCI President

FE Online Desk 2021-01-27 21:11:35

The Dhaka Chamber of Commerce and Industry (DCCI) has called upon the Egyptian authorities to increase imports from Bangladesh and investment collaboration with Bangladeshi entrepreneurs. DCCI Presid...

OBHAI launched on WhatsApp in Bangladesh

-- 2021-01-27 19:12:40

OBHAI, the home-grown ride-sharing company of Bangladesh is first among its peers to recognise the potential benefits of WhatsApp and its ease of access, which would benefit the user base from all wal...

Trade gap stands at $6.46b in July-Dec

FE Online Report 2021-01-27 19:09:59

Country’s merchandise trade gap with the rest of the world stood at $6.46 billion in the first half of the current fiscal year (FY21), according to the latest statistics of the central bank. Th...

Bangladesh-China ties: Speakers for close partnership of banks, investors and governments

FE Online Desk 2021-01-27 18:31:44

In order to fully leverage business relationship between Bangladesh and China, it is crucial to improve partnership of banks, investors and governments of these two countries. Speakers said this at a...

BB extends EDF's enhanced credit limit until June

FE Online Report 2021-01-27 17:47:51

The central bank has extended the enhanced credit limit under its Export Development Fund (EDF) scheme for the textiles and clothing exporters by six more months to help boost proceeds from overseas s...

Champagne loses its fizz

-- 2021-01-27 11:55:48

Champagne fell flat last year, with sales tumbling as the coronavirus pandemic forced drinking venues to close and celebratory events were put on ice, although some year-end cheer meant the decline wa...

Khulna-Mongla rail project cost likely to swell by 177pc

MUNIMA SULTANA 2021-01-27 10:53:24

Ten years were not enough to complete the development work on a 65-kilometre rail track between Khulna and Mongla port. Sources said the cost of the Khulna-Mongla port rail line (KMPRL) project is li...

Low procurement, hoarding blamed for rice price surge

FE REPORT 2021-01-27 08:49:48

Failure in domestic procurement, low public storage and hoarding by market players resulted in the surge in rice prices during the current financial year, a government study has revealed. The study,...

Bangladesh apparel sector relies on too few buyers

MONIRA MUNNI 2021-01-27 08:47:02

A handful of buyers do business simultaneously with more than 300 local readymade garment (RMG) factories, underscoring the industry's major vulnerability, according to a joint-survey. Zara, H&M,...

China, New Zealand ink trade deal as Beijing calls for reduced global barriers

Reuters 2021-01-26 21:15:49

China and New Zealand signed a deal on Tuesday upgrading a free trade pact to give exports from the Pacific nation greater access to the world’s second-largest economy. The pact comes as Beijin...

Huawei says it has no plan to sell smartphone businesses

Global Times 2021-01-26 18:16:44

Huawei has no plans to sell its mobile phone business, the company said on Monday, in response to media reports saying that Huawei is in talks to sell premium smartphone brands P and Mate series. Reu...

Johnson & Johnson quarterly sales rise 8.3pc

Reuters 2021-01-26 18:05:54

Johnson & Johnson on Tuesday posted an 8.3 per cent rise in quarterly sales and said it would share details from its keenly watched coronavirus vaccine trial soon, as the healthcare conglomerate r...

City Bank inaugurates relocated Gulshan branch

FE Online Desk 2021-01-26 13:16:26

City Bank on Monday formally opened its relocated Gulshan branch located at Gulshan 1 in the capital, says a press release received on Tuesday. Chairman of the bank Aziz Al Kaiser inaugurated th...

Moderna vaccine will 'work' against new variants

Reuters 2021-01-26 11:33:33

Moderna said on Monday it believes its Covid-19 vaccine protects against new variants found in Britain and South Africa, although it will test a new booster shot aimed at the South African variant aft...

Boeing 737 MAX to fly again in Europe; crash relatives angry

Reuters 2021-01-26 11:20:53

Europe is set to lift a 22-month flight ban on the Boeing 737 MAX this week after reviewing submissions by industry experts and whistleblowers, angering relatives of some of the 346 crash victims, who...

Investor payouts, job cuts jar with US companies' social pledge

REUTERS 2021-01-26 10:56:35

When Randall Stephenson joined 180 of his peers leading many of the richest US companies in signing the Business Roundtable pledge on the “purpose of a corporation” in August 2019, the the...

Payra power plant: Govt risks making additional payment

M AZIZUR RAHMAN 2021-01-26 09:25:42

The newly-commissioned Payra coal-fired power plant is running at less than half of its capacity from the first day due to transmission bottlenecks and insufficient demand, say officials. State-run B...

ILO finds highest fall in work hours in 2020

FE REPORT 2021-01-26 08:47:07

Lower middle-income countries witnessed the highest decline in working hours in 2020 as Covid-19 caused unprecedented disruptions to the world of work, according to an ILO report. An estimated 11.3 p...

Hero Motocorp surpasses 100m production milestone

-- 2021-01-25 19:14:54

Hero Motocorp has surpassed the monumental 100 million cumulative production milestone, emerging as the only Indian automotive manufacturer to achieve the incredible landmark. The 100 millionth bike,...

Central bank selects 'lead banks' to expedite CMSME loan disbursement

FE REPORT 2021-01-25 12:48:59

The Bangladesh Bank has selected a 'lead bank' for each district headquarters across the country mainly to expedite loan disbursement meant for cottage, micro and small and medium enterprises (CMSMEs)...

Flour, bread, bakery items pricey

YASIR WARDAD 2021-01-25 12:42:06

The prices of wheat flour have increased by Tk 2.0-Tk 3.0 per kilogram in the domestic market hitting people's pockets, according to trading sources. However, traders have attributed the hike to a...

Beximco seeks VAT waiver on import of Covid-19 vaccines

DOULOT AKTER MALA 2021-01-25 12:28:51

Beximco Pharmaceuticals Limited has sought exemption from the payment of Value Added Tax (VAT) on the import of COVID-19 vaccine, its administration and distribution to supply to the consumers at af...

Ministry forms committee to set prices of edible oil

-- 2021-01-24 19:39:03

The Ministry of Commerce has formed a committee to set the prices of edible oil in keeping with the international market. Commerce Minister Tipu Munshi announced the decision after a weekly meeting o...

FBCCI and MIT Solve launch Virtual Solveathon

FE Online Desk 2021-01-24 17:24:55

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) in partnership  with  Massachusetts  Institute  of  Technology  (MIT)  Solve  will ...

Bangladesh to buy rice from Myanmar, putting aside Rohingya refugee crisis

-- 2021-01-24 13:32:07

Bangladesh will buy 100,000 tonnes of rice from Myanmar, putting aside a rift over the Rohingya refugee crisis as the government races to overcome a shortage of the staple food for the country’s...

35 companies receive ICSB Award for Corporate Governance Excellence

FE Online Desk 2021-01-24 12:58:03

Thirty-five companies listed under DSE and CSE have received the 7th ICSB National Award for Corporate Governance Excellence, 2019. Institute of Chartered Secretaries of Bangladesh (ICSB) organised t...