Search results for: Trade

'Rice prices will be slashed by Tk 2-3 per kg'

-- 2017-09-19 12:00:00

Rice prices will see a cut by Tk 2-3 per kg in a couple of days, said leaders of traders and mill owners.   KM Layek Ali, general secretary of Bangladesh Auto Major and Husking Mill Owners&rsqu...

August imports fall over 7.0pc despite big rice buy

Siddique Islam 2017-09-19 10:13:08

Overall imports fell by over 7.0 per cent or US$294.53 million in August despite big emergency rice buy from abroad.   One obvious reason cited by sources is that lower imports for industries t...

Global oil steady on tighter supplies

Reuters 2017-09-19 02:22:37

Oil markets held largely steady on Tuesday, even as OPEC producers Saudi Arabia and Iraq pointed to a reduction in supplies in line with efforts to tighten the market and prop up prices.   Pric...

FedEx to hike shipping rates

Reuters 2017-09-19 01:32:13

Package delivery company FedEx Corp said on Monday it would raise shipping rates for some of its services from Jan. 1, 2018.   FedEx Express rates will go up by an average of 4.9 per cent for U...

Israel cuts Q2 economic growth as imports rise

-- 2017-09-18 12:40:08

JERUSALEM, Sept 17 (Reuters): Israel revised down its second quarter economic growth to an annualised 2.4 per cent on Sunday as a rise in imports weighed.The economy still accelerated sharply from an...

Beijing bans winter construction work to improve air quality

-- 2017-09-18 12:39:14

BEIJING, Sept 17 (Reuters): Beijing will suspend construction of major public projects in the city this winter in an effort to improve the capital's notorious air quality, official media said on Sunda...

Basic Bank’s total loans reach over Tk 65.38b

FE Report 2017-09-18 12:00:00

The total amount of outstanding loans of Basic Bank Limited to 628 companies has reached over Tk 65.38 billion, while the bank also provided loans to 57 companies without any document. Basic Bank g...

ICCB delegation off to Sydney to attend 10th World Chambers Congress  

FE Online Report 2017-09-18 12:00:00

A 14 member delegation of ICC Bangladesh started off for Sydney on Sunday to attend ICC’s World Chambers Congress.   The delegation led by ICCB President Mahbubur Rahman will attend the...

Oil prices firm on rising demand

-- 2017-09-18 10:47:49

Oil markets were firm on Monday as the number of US rigs drilling for new production fell and refineries continued to start up after getting knocked out by Hurricane Harvey.   US West Texas Int...

Consumers' response to white OMS rice poor

Yasir Wardad & Talha Bin Habib 2017-09-18 09:42:18

Open market sale (OMS) of rice launched by the government across the country on Sunday could hardly attract any large number of buyers in the capital mainly due to supply of non-parboiled rice. &nbs...

'Long-term policy soon to fix price of blending gas'

-- 2017-09-18 08:49:06

The government is going to frame a long-term policy to fix the price of natural gas after its blend with imported LNG so that industries can take long-term investment plans.   State Minister fo...

Govt doubles OMS rice price

-- 2017-09-17 12:00:00

The price of rice of open market sale which began in Dhaka and other cities and towns across the country on Sunday has been doubled. The government says it has doubled the price of rice at trucks of...

Govt plans to build five oil pipelines by 2020

M Azizur Rahman 2017-09-17 10:47:03

The government is working to build five major oil-carrying pipelines having the total length of over 600 kilometres (km) at a cost of around Tk 81.21 billion by 2020, officials said.   Setting...

Bangladeshi, Chinese cos team up to build private power plant

-- 2017-09-17 09:04:11

A local private company signed a deal with Chinese-Bangladeshi consortium for construction of a furnace oil-based power plant. The consortium of CRRC Siynang Co,. Ltd of China and local Green Power L...

Arrest those hoarding rice illegally: Tofail

-- 2017-09-17 07:33:32

The government directed district and police administrations to arrest those hoarding rice illegally across the country.   Commerce Minister Tofail Ahmed said while talking to reporters after a...

British trade envoy in Dhaka to expand ties with BD

-- 2017-09-17 06:47:38

A trade delegation of nine UK rail companies, led by Bangladesh-origin British lawmaker Rushanara Ali, began a week-long tour to Bangladesh on Sunday.   Rushanara Ali is also a Trade Envoy of U...

Firms scramble to wire highways for electric cars

-- 2017-09-16 12:24:21

PARIS/FRANKFURT, Sept 15 (Reuters): The battle over how and where Europeans charge their electric cars is expanding from the continent's cities to its motorways.Power utilities, tech start-ups and oil...

US retail sales see biggest drop in six months

-- 2017-09-16 12:23:43

WASHINGTON, Sept 15 (Reuters): US retail sales unexpectedly fell in August, likely hurt by the impact of Hurricane Harvey on motor vehicle purchases, suggesting a moderation in consumer spending in th...

Oil prices near five-month high

-- 2017-09-16 12:00:00

AMSTERDAM, Sept 15 (Reuters): Brent oil prices held steady near five-month highs, and were on track for the highest weekly rise since the end of July on higher demand forecasts and the restart of oil-...

July trade gap stands at $1.05 billion

FE Online Report 2017-09-16 12:00:00

The country’s merchandise trade gap with the rest of the world stood at $1056 million (or $1.05 billion) in the first month of the current fiscal year (FY18).   Provisional statistics, re...

Burberry eyes ‘enormous’ opportunity in post-Brexit trade

-- 2017-09-16 12:00:00

Burberry’s chief creative officer has described the potential for UK trade post-Brexit as “enormous”.   Speaking to the BBC, Christopher Bailey, who was chief executive of the...

‘Uber Premium’ launched in Dhaka

-- 2017-09-16 12:00:00

Uber, the world's largest on-demand ride-sharing company, has announced the launch of 'Premium', an in-app upscale ride option, reports BSS.   When booking a 'Premium' ride, riders can expect:...

Rampal project gets NOC to buy overseas insurance  

 Syful Islam 2017-09-16 10:20:19

The insurance regulator has issued no objection certificate (NOC) in favour of Rampal power plant project allowing it to buy insurance from abroad despite an objection made by Sadharan Bima Corporatio...

Top China Bitcoin exchange to stop trading

BBC 2017-09-15 12:44:56

One of China's biggest Bitcoin exchanges has said it will stop trading, after a government warning over virtual currencies.   BTCC on Thursday said it would stop buying and selling on 30 Septem...

Oil prices lower on thin trading

-- 2017-09-15 12:06:58

Oil prices were lower on thin trading on Friday but on course for weekly gains, the third in a row in the case of Brent, as the clean-up after hurricanes in the United States gathered pace.   T...

Coarse rice prices beat past records

Yasir Wardad 2017-09-15 12:00:00

The rise in prices of coarse variety of rice surpassed all past records in the country on Thursday as it sold at Tk 55 a kg at the capital's retail markets.   This has added woes to consumers,...

Bangladesh, Indonesia to step up cooperation in energy sector

The Jakarta Post 2017-09-15 12:00:00

Bangladesh and Indonesia signed a memorandum of understanding (MoU) on Friday to expand cooperation in the energy sector.   The areas of cooperation include the possibility of Indonesia suppl...

Mazda plans to go electric

Reuters 2017-09-15 11:00:41

Mazda Motor Corp plans to make all of its vehicles electric-based, including petrol hybrids, by the early 2030s, Japanese media reported on Friday, as more automakers shift strategies to meet tighteni...

Mercedes to recall thousands of cars

Reuters 2017-09-15 03:46:46

Russia’s technical safety watchdog Rosstandart said on Friday that Mercedes-Benz planned to recall 8,404 cars sold in Russia due to possible technical issues.   The company will recall 8,...

Oil up on stronger demand, supply restrictions

-- 2017-09-15 01:13:22

LONDON, Sept 14 (Reuters): Oil prices rose on Thursday, building on recent gains after forecasts for stronger oil demand by the International Energy Agency (IEA).Brent crude LCOc1 was up 40 cents at $...