Search results for: Trade

Sonali Bank, bKash sign agreement

FE Online Desk 2018-06-06 12:25:15

bKash Limited, the largest mobile financial service provider in the country, signed an agreement with Sonali Bank recently, facilitating bKash customers to make e-challan payment for all type of publi...

BRAC Bank reiterates commitment to green banking

FE Online Desk 2018-06-06 12:17:47

BRAC Bank Limited has marked World Environment Day reiterating its strong commitment to green banking. On the occasion, BRAC Bank presented plants to its customers and stakeholders as a part of envir...

BRT project: Executing agencies seek extension in time, cost

FHM Humayan Kabir 2018-06-06 11:11:23

The project-executing agencies concerned have sought two more years to complete building the country's first dedicated bus rapid transit (BRT) line, officials said on Tuesday. If the time extension i...

China's ZTE signs preliminary agreement to lift US ban

-- 2018-06-06 10:49:04

ZTE Corp has signed an agreement in principle that would lift a US Commerce Department ban on buying from US suppliers, allowing China’s No. 2 telecommunications equipment maker to get back in...

Govt to raise import duty on rice: Tofail

FE Report 2018-06-06 10:33:27

The government will reimpose 28 per cent import duty on rice in place of the existing 2.0 per cent to ensure that farmers get fair prices for the staple they produce. The new duty will come into effe...

Ministry to be more cautious in sending female workers abroad

Arafat Ara 2018-06-06 10:19:36

The expatriates' welfare ministry has initiated a move to be more cautious in selecting and sending female workers abroad to lessen workplace abuse. Under the process, a team of officials will interv...

Biman may suspend flights on four int’l routes during this Hajj

FE Report 2018-06-06 09:41:23

The Biman Bangladesh Airlines (BBA) may suspend flight operation on four international routes during this Hajj season, a source said on Tuesday. The four international routes connect the country with...

Export earnings up 6.66pc in 11 months

FE Report 2018-06-06 09:36:17

The country's export earnings grew by 6.66 per cent to US$33.73 billion in the first eleven months of the current fiscal year over the corresponding period of last fiscal year. However, the aggregate...

Thrust on better connectivity to boost trade with Nepal

FE Online Desk 2018-06-05 22:12:02

The Asian Institute of Diplomacy and International Affairs (AIDIA) and Embassy of the People’s Republic of Bangladesh, Nepal jointly hosted a Round Table Meeting on “Nepal-Bangladesh Relat...

Tailors in Dhaka see drastic fall in Eid orders

-- 2018-06-05 21:42:31

Tailors in Dhaka usually have a hectic time during Ramadan to make dresses for the Eid-ul-Fitr, but this year the business is slow due to a drastic fall in orders. They generally stop taking orders m...

Eastern Bank gets new chairman

FE Online Desk 2018-06-05 16:16:56

Md Showkat Ali Chowdhury has been elected chairman of the board of directors of Eastern Bank Limited (EBL) at the bank’s board meeting held on Tuesday. Mr Chowdhury, a renowned business leade...

Japan's Sharp mulls $36m Toshiba PC business deal

-- 2018-06-05 16:08:39

Japan’s Sharp Corp said it will buy Toshiba Corp’s personal computer business for 4 billion yen ($36 million), highlighting its recovery under the control of Foxconn and marking a return t...

Britain to rule on Rupert Murdoch's bid for Sky

-- 2018-06-05 14:48:43

The British government will give its verdict on Rupert Murdoch’s pursuit of European pay-TV group Sky later on Tuesday, Sky News said. Murdoch’s Twenty-First Century Fox launched its bid...

Chevron Bangladesh gets new President

-- 2018-06-05 13:32:30

Neil Menzies has been appointed President of Chevron Bangladesh with effective June 3. According to a Chevron statement, Neil will lead the US Company's partnership with the Bangladesh government to...

UK car sales rise 3pc in May

-- 2018-06-05 13:22:22

UK car sales rose by nearly 3.0 per cent in May, recording a second consecutive month of growth after a year-long slump, preliminary data from a car industry body showed. Sales in April ended 12 mo...

Prime Ins wins another int'l award

FE Online Desk 2018-06-05 12:26:51

Indian Chamber of Commerce (ICC) along with Insurance Institute of India, Indo Thai Chamber Of Commerce, Life Council of India and PwC as Knowledge Partner have awarded Prime Insurance Company Limited...

NCC Bank launches 3 new products

FE Online Desk 2018-06-05 12:19:57

NCC Bank launched three new service products on the occasion of the Bank's 25th anniversary at its head office in Dhaka recently. Managing Director & CEO of the Bank Mosleh Uddin Ahmed launched t...

Foreign chip makers in China under probe

-- 2018-06-05 10:56:15

China has launched an investigation into Samsung Electronics Co Ltd, SK Hynix Inc and Micron Technology Inc, the three semiconductor makers who control the market for DRAM memory chips. A source with...

Govt allows import of cleaner furnace oil for power plants

M Azizur Rahman 2018-06-05 10:52:29

The government has allowed import of cleaner-graded furnace oil for consumption in the power plants to generate electricity. The Energy and Mineral Resources Division (EMRD) under the Ministry of Pow...

India-funded projects going on at snail’s pace

Mir Mostafizur Rahaman 2018-06-05 10:37:44

The implementation of the projects funded by the Indian line of credit (LoC) is going on at a snail's pace. Even the slow progress is reported to have irked Prime Minister Sheikh Hasina. A document...

Prices of reconditioned cars likely to go up

Doulot Akter Mala 2018-06-05 10:01:58

Reconditioned cars are likely to be pricier in the next fiscal year (FY), as the government might propose a downward revision of the existing year-wise depreciation rates in the next budget. Source...

Kamalapur station sees big rush of ticket seekers

FE Report 2018-06-05 00:18:07

The Kamalapur Railway Station (KRS) witnessed a big rush of ticket seekers on Monday as Eid-ul-Fitr is drawing near. They thronged the station to buy advance train tickets for June 13. As Eid-ul-F...

Commonwealth Bank seeks redemption with record fine

-- 2018-06-04 14:44:22

Australia's Commonwealth Bank has said it will pay a A$700 million ($530m) fine for breaching anti-money laundering and counter-terror financing laws. The scandal relates to 53,000 suspect transact...

Cold storage owners seek loan rescheduling for survival

FE Report 2018-06-04 11:05:05

Cold storage owners have sought long-term loan rescheduling facility for their survival. Otherwise, the industry might face serious consequences and many cold storage owners would be forced to close...

China launches tax evasion probe into film, TV industry

-- 2018-06-04 10:59:35

China will launch a tax evasion investigation into the country’s film and television industry, the tax bureau said in a statement posted on its official website on Sunday. Some of the country&r...

Global airlines slash profit outlook as fuel costs jump

-- 2018-06-04 10:45:49

Global airlines on Monday slashed their forecast for industry profits in 2018 on a spike in fuel costs, while warning higher interest rates and a host of geopolitical tensions would add to operating r...

CPD opposes ‘ad-hoc’ cut in corporate tax

FE Report 2018-06-04 10:11:33

The Centre for Policy Dialogue (CPD) has said that the overall business climate needs to be improved simultaneously with any cut in corporate tax rates. The CPD, a leading private think-tank, said th...

Export-import through Benapole port suspended

-- 2018-06-03 18:11:39

Export and import through Benapole Land Port came to a halt on Sunday as truck and tank lorry workers' union of India stopped their activities demanding compensation for the loss caused by a fire. Sh...

Commerce minister critical of high registration fee

FE Report 2018-06-03 17:23:19

Commerce minister Tofail Ahmed came down Saturday heavily on the existing registration fee for the country's real estate industry. Mr Ahmed was speaking at a roundtable, jointly organised by Real Est...

Major brands fail to join Bangladesh factory safety accord

-- 2018-06-03 17:00:42

Swedish furniture giant IKEA and American music mogul Sean “Diddy” Combs’ clothing were among companies sourcing from Bangladesh that had failed to sign a new accord for the safety o...