Search results for: Trade

BB issues show-cause notice against PCB

Siddique Islam 2017-12-28 10:19:56

The central bank issued a show-cause notice against a leading private commercial bank (PCB) on Wednesday for allegedly providing misleading information on foreign exchange rate, particularly for expor...

EZs to employ 0.27m people in five years

-- 2017-12-28 08:10:12

The country’s industrial units in the Economic Zones (EZs) will need around 270,000 employees in total within next five years. A study conducted by the Access to Information (a2i) programme und...

NRB Bank opens 36th branch

FE Online Desk 2017-12-28 02:15:24

NRB Bank Limited opened its 36th branch at Kazirhat area in Zajira upazila of Shariatpur on Tuesday. BM Muzammel Haque, MP, Shariatpur-1, was present in the programme as the chief guest, says a press...

Local RMG units violate workers’ rights severely

FE Report 2017-12-28 02:02:10

The country's local garment factories those meet mainly domestic demand are running without rules and regulations, often violating workers' rights severely, according to a new study. More than half o...

BD one of lowest Asian agri produce processors

Yasir Wardad 2017-12-28 01:48:12

Bangladesh is one of the bottom-ranked countries in Asia in terms of processing agricultural produces that makes a strong bite on the country's export earnings from farm sector, according to a latest...

UCB opens its 176th branch

FE Online Desk 2017-12-28 01:07:23

United Commercial Bank Limited (UCB) has opened its 176th branch at Anowara upazila of Chittagong district. Saifuzzaman Chowdhury, MP, State Minister, Ministry of Land, inaugurated the branch on Tues...

Oil near June 2015 high as output cuts tighten mkt

-- 2017-12-27 12:34:49

Oil prices were stable on Tuesday, with Brent crude lingering near 2015 highs on the back of an outlook for healthy demand amid ongoing production cuts led by OPEC and Russia, reports Reuters. US Wes...

BRAC Bank holds branch managers convention

FE Online Desk 2017-12-27 12:33:40

BRAC Bank Limited held a Branch Managers Convention recently at Grand Sultan Tea Resort in Sreemangal. The two-day convention focused on branch banking strategy for capitalising market opportunitie...

IBBL opens 16th agent banking outlet

FE Online Desk 2017-12-27 12:00:00

Islami Bank Bangladesh Limited (IBBL) inaugurated its 16th agent banking outlet at Suhilpur Bazar in sadar upazila of Brahmanbaria district on Friday. Razwanur Rahman, Deputy Commissioner of Brahmanb...

Regulator moves against oil import price-fixing

M Azizur Rahman 2017-12-27 12:00:00

The energy regulator asked the power board to gather information about international oil prices before making payment to private importers to check alleged price-fixing and money laundering. Sources...

Bulk purchase for Rooppur plant: Import orders double in five months

Siddique Islam 2017-12-27 12:00:00

Overall import orders almost doubled in the first five months of this fiscal year as opening letters of credit (LC) for bulk purchase for Rooppur Nuclear Power Plant (NPP) gave a spurt. By official c...

Vroom membership card for vehicle-related services launched

FE Online Desk 2017-12-27 12:00:00

Vroom Services Limited (Vroom) have launched Vroom Membership Card for all vehicle related services through mobile app (Vroom App) and 24/7 Vroom Call Center. The service is the first of its kind e...

Cordis, Hong Kong introduces Heavenly Deal room package

-- 2017-12-27 12:00:00

Cordis, Hong Kong introduces a package, titled Heavenly Deal room, with luxurious accommodation in Presidential Suite or Chairman Suite, a relaxing couple's spa treatment at the award-winning Chuan Sp...

Tea prices edge up

FE Online Desk 2017-12-27 12:00:00

Tea prices in the country edged higher at weekly auction on strong demand for quality leaves amid a lower volume on offer. Bangladeshi tea fetched an average price of 236.76 taka (USD 2.80) per kilog...

Govt recasts essentials’ price monitoring teams

FE Report 2017-12-27 11:25:43

The government has reconstituted 14 teams that will monitor the price movements and prevent abnormal situation in the city markets, officials said. But the drives carried out by the monitoring teams...

Egg price hits nine-year low at farm level

Yasir Wardad 2017-12-27 10:29:28

Egg prices have hit nine-year low, putting the poultry farms especially smaller ones into doldrums. The situation has worsened further as the production cost of poultry farms have gone up in recent t...

SBL opens 121st branch at Naogaon

-- 2017-12-27 08:23:43

Standard Bank Limited(SBL) opened its 121st branch at Mohadevpur, Naogaon on Tuesday. Additional Managing Director of the Bank Md Tariqul Azam inaugurated the branch as chief guest, says a press rele...

Global oil prices slip away from 2015 highs

-- 2017-12-27 01:55:06

Global oil prices has slipped away from two-and-a-half year highs hit the previous session as the gradual resumption of flows through a major North Sea pipeline made up for supply disruption in Libya....

Citi Asia Pacific Corporate Banking Head visits Bangladesh

FE Online Desk 2017-12-26 12:57:16

Managing Director and Head of Corporate Banking Asia Pacific Gerald Keefe recently visited Bangladesh, said a statement.   During the visit, Gerald met key clients of the bank and reviewed Citi...

Dollar holds steady in thin trading

-- 2017-12-26 12:53:24

The dollar held steady in Tuesday’s holiday-thinned trade, shrugging off upbeat Japanese economic data as market participants pondered about next year’s potential catalysts. Markets in...

Iraq eyes boost in oil prices in first quarter of 2018

-- 2017-12-26 12:36:17

Iraqi Oil Minister Jabar al-Luaibi said on Monday he was optimistic there would be a balance between supply and demand by the first quarter of 2018, leading to a boost in oil prices, reports Reuters....

Ultra-easy monetary policy weighs heavily on Japanese bank profits

-- 2017-12-26 12:35:10

Prolonged ultra-easy monetary policy is weighing heavily on Japanese bank profits but financial institutions should not expect business conditions to brighten dramatically even after the central bank...

Smuggled gold haul up fivefold in a year

Doulot Akter Mala 2017-12-26 12:00:00

Gold haul on Bangladesh frontiers has increased over fivefold in a year, leading the watchers to believe that the glitter of the precious metal covers an increased trend in money laundering. Customs...

Country's largest book super store opens Friday

Special Correspondent 2017-12-26 12:00:00

Baatighar, a Chittagong-based company is going to open the country's largest super store of books in Dhaka December 29. "The store occupying 5,000 square feet space is located at the eighth floor of...

Applications seeking IDRA clearance on the rise

Jasim Uddin Haroon 2017-12-26 10:14:52

A number of fresh applications from big infrastructures projects were submitted to the insurance regulator, seeking its approval for insuring with foreign insurers which, industry insiders say, is a c...

BCIC takes initiative to import 220,000 tonnes emergency fertiliser

-- 2017-12-26 08:19:48

Bangladesh Chemical Industries Corporation (BCIC) is set to initiate a move to import 220,000 metric tonnes (mt) of fertiliser on an emergency basis. The state-owned corporation took the initiative...

Insurance sector yet to be matured: Muhith

-- 2017-12-26 07:18:34

Finance Minister Abul Maal Abdul Muhith has said insurance sector is yet to be matured in Bangladesh. Although , the minister said the sector has a bright future as the country's economy is moving fo...

Jet Airways announces 10-days offer for BD customers

-- 2017-12-26 05:44:29

Indian Jet Airways has declared a 10-day offer for Bangladeshi customers for rejoicing a full decade of operations in Bangladesh. The customers can book tickets at 10 per cent discount on current far...

NRBC Bank opens 61st branch

-- 2017-12-26 03:52:27

NRB Commercial Bank Limited has opened its 61st branch at Hathazari upazila of Chittagong district. Alternative Director Dr Kutub Uddin inaugurated the branch on Tuesday, says a press release. ...

Bitcoin recovers from brutal selloff

-- 2017-12-26 03:35:35

Bitcoin, the first decentralised digital currency, extended its recovery in holiday-thinned trading on Tuesday, rising 10 per cent to be up more than a third from last week’s lows of below $12,0...