Search results for: Trade

Govt has no plan to hike train fare now, minister says

FE ONLINE REPORT 2022-08-20 14:44:18

The government said it has no plan to increase rail fares for now despite the recent fuel price hike that resulted in a significant increase in bus and launch fares. Railways Minister Nurul Islam Suj...

Some leading poultry companies made additional profits of Tk 5.20b in last two weeks

FE ONLINE REPORT 2022-08-20 14:24:26

Poultry farm owners on Saturday claimed some leading poultry companies made additional profits of Tk 5.20 billion in last two weeks by raising prices of poultry items including farm eggs and broiler c...

Egg prices start to cool off

FE REPORT 2022-08-20 10:35:06

Egg prices eventually showed a downslide in the capital's kitchen markets on Friday, to a substantial relief of the general consumers, one week after reaching its culmination. The FE correspondent fo...

Middlemen, supply-demand mismatch drove prices of eggs, chickens

FE ONLINE DESK 2022-08-20 06:54:01

Poultry farmers have blamed the “machinations of middlemen” and “supply-demand mismatch due to disruption in the supply chain” for the sudden price spiral of eggs and chicken,...

Lentil, sugar get pricier though cheaper abroad

REZAUL KARIM and YASIR WARDAD 2022-08-20 06:44:56

Prices of lentil and sugar increased 40 per cent and 25.35 per cent respectively in the local market in the last one year even though global prices of such goods have decreased. The data have been ob...

Sudden crypto market drop sends bitcoin below $22,000

-- 2022-08-20 06:40:40

Bitcoin on Friday fell to its lowest level in more than three weeks, dipping below $22,000 amid a sudden crypto sell-off in early European trading, reports CNBC. Bitcoin plunged from $22,738 to bel...

BIMSTEC may meet on mooted issues in Oct

FE REPORT 2022-08-20 06:37:29

BIMSTEC countries are expected to finalise the much-needed pending issues, including the determination of rules of origin of goods, product-specific rules (PSR) and operational certification procedure...

MNP clientele nosedives

ISMAIL HOSSAIN 2022-08-20 06:32:27

The once-hyped-up mobile number portability (MNP) service has lost its demand, and the number of its users has decreased drastically due to lack of regulatory support and awareness. The number of M...

Real wages wane as inflation bites

FHM HUMAYAN KABIR 2022-08-20 06:21:26

Galloping prices of goods erode real wages in Bangladesh amid surging inflation over the last few months, analysts say while low-paid workers press for pay rise. Stymied growth in the wage rate ind...

Talks start with Saudi RSGT

SYFUL ISLAM 2022-08-20 06:18:09

With an international agency playing the go-between, Bangladesh starts negotiation with a Saudi Arabian firm to run the newly-built Patenga Container Terminal (PCT) off the Chattogram seaport, officia...

ADB partners with insurers to mobilise lending capacity to support FIs in Asia-Pacific

FE ONLINE REPORT 2022-08-19 17:05:16

The Asian Development Bank (ADB) has signed an agreement with five leading global insurers which will mobilise up to $1 billion of financing capacity to support lending to financial institutions (FIs)...

Dollar hits one-month high

-- 2022-08-19 11:00:57

The US dollar climbed to a fresh one-month high against a basket of major peers on Friday as Federal Reserve policymakers continued to talk up the need for further interest rate hikes ahead of t...

Dhaka BRT Company Limited: Eight AGMs in a single day!

MUNIMA SULTANA 2022-08-19 10:46:14

The embattled Dhaka BRT Company Limited is set to hold eight annual general meetings (AGMs) in a single day on Friday to fulfil its legal obligations. The trouble Gazipur-Airport BRT (bus rapid trans...

Tea workers' agitation for wage hike enters sixth day

FE REPORT 2022-08-19 10:08:11

Tea workers continued agitation for the sixth consecutive day on Thursday, threatening to wage a tougher movement if their demand for wage hike isn't met in the next two days. "No decision was made a...

Border trade thru' land ports rises

JUBAIR HASAN 2022-08-19 09:34:27

Bangladesh's international trade through land-border ports surges, giving much-needed impetus to the economy, officials say, at a time of global supply-chain problems and dollar dearth. Different cou...

Govt makes time-bound IPR action plan

MONIRA MUNNI 2022-08-19 09:32:20

The government has undertaken an eight-point time-bound strategic action plan on intellectual property rights (IPR), recommending lobbying for extension of TRIPS transition period, among others, off...

PCT cannot start operation for want of operator

NAZIMUDDIN SHYAMOL 2022-08-19 08:40:00

The Patenga Container Terminal (PCT) of Chittagong Port Authority (CPA) could not kick off its operational activities one month after implementation of the project as the authority concerned has not y...

Sugar prices increase, again

YASIR WARDAD 2022-08-19 08:22:25

Sugar prices have shot up to Tk 95-110 a kg in the retail markets, marking a fresh hike in the last two days amid rocketing import costs. The price of sugar witnessed a hike of Tk 10-15 a kg in the l...

Prospective Russian oil import impeded

M AZIZUR RAHMAN 2022-08-19 08:00:44

Bangladesh may miss the benefit of importing 'cheap' Russian oil for now as the country's contracts with global suppliers of petroleum products stand in the way till this yearend. The state-run Bangl...

Export-Import through Benapole land port suspended for Janmasthami

-- 2022-08-18 16:32:46

Export and import activities between Bangladesh and India remained suspended since Thursday morning due to Janmashtami, a religious festival of the Hindu community. Abdul Jalil, deputy director of Be...

Myanmar to import Russian oil, military says

-- 2022-08-18 12:15:32

Military-ruled Myanmar plans to import Russian gasoline and fuel oil to ease supply concerns and rising prices, a junta spokesperson said, the latest developing country to do so amid a global...

Rationing edible oil also soon

FE REPORT 2022-08-18 11:26:34

The government approves procurement of 12.25 million litres of soybean oil at Tk 2.05 billion for rationing by the Trading Corporation of Bangladesh (TCB) to cool the overheated market. Huge fertilis...

BRT project: Govt's hard line against non-compliant China cos

MUNIMA SULTANA 2022-08-18 10:13:56

The government may get tough with the two non-compliant Chinese companies working on the BRT (bus rapid transit) infrastructure project. The development comes hot on the heels of Monday's fatal accid...

Local fruits get dearer amid price hike of imported ones

ADNAN HOSSAIN BHUIYAN 2022-08-18 09:23:31

Locally produced fruits become dearer for commoners after price hike of imported fruits amid imposition of regulatory duty and 100 per cent cash margin on letter of credit (LC) opening. Such contract...

ILO, FBCCI ink deal on workplace safety in ten sectors

FE REPORT 2022-08-18 08:25:25

The International Labour Organization (ILO) and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) will jointly work to boost health and workplace safety in ten priority sectors ac...

Coca-Cola and McDonald's left Russia. Their brands stayed behind

-- 2022-08-17 19:39:15

Western companies with iconic brands like Coca-Cola that exit Russia face years of battling knockoffs and unauthorised imports clamouring to fill the void they leave behind, a risky bid as courts...

'Opportunistic' traders taking advantage of energy crisis: Commerce minister

-- 2022-08-17 17:44:52

Commerce Minister Tipu Munshi has slammed 'opportunistic' traders for taking advantage of the ongoing energy crisis by overpricing essentials. "When traders see an opportunity, everyone pounces. But...

ILO, FBCCI sign deal to enhance workplace safety

-- 2022-08-17 17:44:49

International Labour Organization (ILO) and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) have signed an agreement to enhance workplace safety and health in 10 priority econ...

TCB to procure 12.5m litres of soybean oil, 5,000 kgs of lentils

-- 2022-08-17 17:38:38

Trading Corporation of Bangladesh (TCB) will directly procure some 12.5 million litres of soybean oil and 5,000 kilogrammes of lentils from seven local suppliers without following any competitive proc...

Bangladesh considering egg import to tame soaring prices

-- 2022-08-17 16:38:30

The government will consider importing eggs if necessary in an effort to rein in the rising prices of the commodity, according to Commerce Minister Tipu Munshi. Addressing the surge in egg prices on...