Search results for: Trade

Make changes in duty structure to drive out fake cosmetics

FE REPORT 2022-10-13 07:58:10

Cosmetics importers on Wednesday suggested bringing a change in the duty structure that, according to them, has been encouraging many traders for adulteration. They cited the 'minimum value' provisio...

Hyundai passenger vehicle production begins shortly

MIR MOSTAFIZUR RAHAMAN 2022-10-13 07:56:36

Bangladesh's automobile industry is set to get a boost with the beginning of production of Hyundai passenger vehicles in a local assembling plant, which is also expected to further cut car imports. S...

BD needs to do better to lure Japanese cos

FE REPORT 2022-10-13 07:44:24

The Japan External Trade Organisation (JETRO) thinks that the investment scenario in Bangladesh needs to be improved further to attract Japanese companies, as they look for secured supply chain in r...

500MW power from Nepal finalised

FE REPORT 2022-10-13 07:42:21

Commerce minister Tipu Munshi on Wednesday said the process of purchasing an estimated 500-megawatt power produced at a hydraulic plant in Nepal has been finalised. He said this at a view-exchange me...

Nepal’s envoy suggests forming Bangladesh-Nepal Chamber of Commerce and Industry

-- 2022-10-12 21:13:50

Nepalese Ambassador to Bangladesh Ghanshyam Bhandari has suggested the formation of the Bangladesh-Nepal Chamber of Commerce and Industry to motivate the businessmen of both countries. He made the pr...

BEPZA says it registers highest growth in its journey of 40 years

BSS 2022-10-12 20:26:11

Bangladesh Export Processing Zones Authority (BEPZA), the leading investment promotional agency of the country, has hit all-time high growth in its journey of 40 years. In the recently-ended fiscal y...

Bank Asia launches Bangladesh’s first ATM booth for women

-- 2022-10-12 18:55:32

Bank Asia has launched Bangladesh’s first ATM booth for women at Sonakanda in Keraniganj, on the outskirt of the capital Dhaka. According to a press release, the bank said it launched the ATM b...

Hit by PC slowdown, Intel plans thousands of job cuts

-- 2022-10-12 17:58:40

Chipmaker Intel Corp is planning a major reduction in headcount, likely numbering in the thousands, in the face of a slowdown in the personal computer market, Reuters reported on Tuesday citing a repo...

ICCB stresses gas exploration to overcome energy crisis

FE ONLINE DESK 2022-10-12 14:18:27

The global energy landscape has been impacted by increased market uncertainty due to the Russia-Ukraine war. Even before the war began, there was a rebound in energy demand triggered by supply constra...

Emirates receives Maldives President’s Tourism Award

FE ONLINE DESK 2022-10-12 12:56:05

Emirates has once again been recognised for its role in growing Maldives’ tourism industry. The world’s largest international airline has been presented with the ‘President’s T...

Gas supply crunch stifles Bangladesh apparel industry

FE ONLINE DESK 2022-10-12 10:46:04

Fatullah Dyeing and Calendering Mills was once abuzz with activity round the clock but it now remains operational only eight to nine hours a day and its production more than halved in September due to...

'Raise US$ rate for export proceeds encashment'

MONIRA MUNNI 2022-10-12 09:03:53

Knitwear exporters demanded re-fixing the US dollar rate upward for encashment of export proceeds - as in case of remittance earnings - to keep the wheels of the sector running. They also favoured...

0.9m BD workers find jobs abroad in nine months

FE REPORT 2022-10-12 08:55:49

About 0.9 million Bangladeshi workers have found jobs in different job destination countries in the nine months of the current calendar year, official statistics revealed. Data available with the Bur...

BGMEA, Wagely sign MoU to facilitate financial health for RMG workers

-- 2022-10-11 20:51:53

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Wagely Bangladesh Ltd have signed a memorandum of understanding (MoU) at BGMEA Complex to raise awareness and increase the adopti...

DCCI urges Iranian investors to import more jute goods from Bangladesh

-- 2022-10-11 20:11:19

Dhaka Chamber of Commerce and Industry (DCCI) President Rizwan Rahman has urged Iranian investors to import more jute and jute goods from Bangladesh. The DCCI president made the call at an interactiv...

Bangladeshi manufacturers going to Dutch Design Week 2022

-- 2022-10-11 17:45:34

Bangladeshi manufacturers and entrepreneurs will be present at the prestigious #DDW2022 in Eindhoven, Netherlands. Every year, hundreds of designers, innovators converge at the largest design event i...

India to press Apple, Samsung for faster 5G software upgrades in phones

-- 2022-10-11 16:13:58

India's government will push Apple, Samsung and other mobile phone manufacturers to prioritise rolling out software upgrades to support 5G in the country, amid concerns that many of their models...

DCCI for B2B connectivity between BD, Kosovo

FE REPORT 2022-10-11 10:34:06

Dhaka Chamber of Commerce and Industry (DCCI) has stressed the importance of business-to-business (B2B) connectivity between Bangladesh and Kosovo, aiming to boost bilateral trade and investment b...

Audit finds financial irregularities in Shahjalal fertilizer-factory project

FHM HUMAYAN KABIR 2022-10-11 08:38:23

Massive mishandling of funds has allegedly been detected in execution of the Shahjalal fertilizer-factory project with millions misspent from the public exchequer, insiders say. A government audit ag...

Global rice prices hit 18-month high

YASIR WARDAD 2022-10-11 08:33:42

Global rice prices have spiked notably in recent months, raising further concern for Bangladesh which is in quest of 1.10 million tonnes of the staple from global sources, said insiders. The FAO All...

Waning demand for cement: Govt tightens purse strings

DOULOT AKTER MALA 2022-10-11 08:28:17

Belt-tightening in public spending and austerity in development expenditure in Bangladesh have hit the cement sector hard with a waning demand since 2021. The opening of letters of credit (L/Cs) for...

BD may seek trade facilities for six more years after LDC graduation

REZAUL KARIM 2022-10-11 08:25:33

Bangladesh along with other members of the LDC group is likely to seek continuation of the existing trade facilities from all the parties concerned for a six-year period after their graduation from th...

Secrets behind severe outages: Many private power plants suspend generation

M AZIZUR RAHMAN 2022-10-11 08:22:04

A yet-unexplained countrywide blackout is followed by frequent load-shedding now as private power producers have fully or partially shut their plants citing "fund shortage" to buy fuels, sources say....

Business-to-business connectivity can boost Bangladesh-Kosovo bilateral trade: DCCI president

-- 2022-10-10 21:34:04

Dhaka Chamber of Commerce and Industry (DCCI) President Rizwan Rahman on Monday said business-to-business (B2B) connectivity can boost Bangladesh-Kosovo bilateral trade. The DCCI president came up wi...

Banks asked to verify prices of imported goods

FE ONLINE DESK 2022-10-10 21:18:30

Bangladesh Bank has asked all authorised dealer banks to verify the price of commodities, quoted by importers, in the global market. “Given the prevailing global commodity market trends, A...

Month-long trade and export fair begins in Chattogram

-- 2022-10-10 20:33:18

The seventh edition of the month-long Bangladesh Trade and Export Fair was inaugurated at the Outer Stadium ground in Chattogram on Monday.  Commerce Minister Tipu Munshi inaugurated the fair, O...

‘68pc Japanese companies operating in Bangladesh want to expand businesses’

-- 2022-10-10 20:19:56

Over 68 per cent of Japanese companies operating in Bangladesh want to expand their business in the country, according to the Japan External Trade Organization (JETRO). Country Representative of JETR...

Banks asked to prepare citizen charter

-- 2022-10-10 18:59:41

Bangladesh Bank has asked banks to prepare citizen charter so that clients will be able to get financial services smoothly, according to BSS. "The citizen's charter is a document of commitments made...

HSBC introduces domestic foreign currency transaction through RTGS

FE ONLINE DESK 2022-10-10 14:57:10

The Hongkong and Shanghai Banking Corporation (HSBC), along with the Bangladesh Bank (BB), has initiated a foreign currency (FCY) transaction solution through the real-time gross settlement (RTGS) cle...

Bangladesh, Japan renew memorandum of cooperation under public-private partnership

FE ONLINE REPORT 2022-10-10 12:12:56

Bangladesh and Japan have renewed their work under the public-private partnership (PPP) in various sectors under the government arrangements by renewing the memorandum of cooperation (MoC) recently....