Search results for: Trade

Tea Board seeks to raise tea cess to 2.0pc

FE REPORT 2022-07-24 09:50:53

State-run tea board seeks to increase tea cess to 2.0 per cent from the existing rate of 1.0 per cent to ensure overall development of the country's tea sector, sources said. Currently, from the sale...

RMG shines as US buyers rate high its labour compliance

MONIRA MUNNI 2022-07-24 09:41:14

US apparel buyers have acknowledged the improvements in Bangladesh's readymade garment (RMG) industry by rating high its social and labour compliance, according to a latest study. "Respondents report...

Pharma sector has export potential to be next RMG

FE REPORT 2022-07-24 09:30:28

Speakers at a seminar on Saturday said the country's pharmaceutical sector, which is meeting 98 per cent of its domestic demand, has the potential to become the next RMG in terms of export. They, how...

‘Made in Bangladesh Week’ website launched

FE Online Report 2022-07-23 20:28:26

The official website of ‘Made in Bangladesh Week’, to be held in November in Dhaka, has been launched. The site (https://www.madeinbangladeshweek.com) contains detailed information about...

BGMEA participates in trade exhibition in US

-- 2022-07-23 18:35:01

A delegation of BGMEA comprising leading apparel exporters from Bangladesh have participated in an international trade exhibition -- Texworld USA Summer 2022 – to explore more business opportuni...

VW's CEO Diess ousted, Porsche's Blume to succeed

-- 2022-07-23 18:05:26

Porsche Chief Executive Oliver Blume will take over from Herbert Diess as CEO of Volkswagen, the carmaker said on Friday, after a supervisory board vote forced Diess to step down from his four-year te...

FBCCI keen to enhance trade ties with Brazil; two MoUs signed

-- 2022-07-23 16:57:32

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) is keen to develop broader trade relations with Brazil, the largest economy in Latin America. As a part of this initiative, the...

Experts endorse polymer tech to minimise road construction cost, time

-- 2022-07-23 14:26:42

Road building experts expect to drastically minimise time and cost in constructing durable roads and highways across Bangladesh with introduction of a new technology, opening up a new horizon for the...

Hyundai subsidiary has used child labour at Alabama factory

-- 2022-07-23 13:20:43

A subsidiary of Hyundai Motor Co has used child labour at a plant that supplies parts for the Korean carmaker's assembly line in nearby Montgomery, Alabama, according to area police, the family...

Nagad slashes down electricity usage half in its offices

-- 2022-07-23 12:33:29

Nagad, the mobile financial service of the Bangladesh Post Office, has slashed electricity usage about half of its consumption in all its offices across the country following the request of the govern...

Twitter blames Musk, weak ad market for drop in revenue

FE ONLINE DESK 2022-07-23 10:52:07

Twitter Inc on Friday blamed its ongoing battle to close its $44-billion acquisition by Elon Musk and a weakening digital advertising market for a surprise fall in quarterly revenue and a net loss. T...

Green chilli hits Tk 240 a kg!

FE REPORT 2022-07-23 08:53:24

Green chilli price hit Tk240 a kilogram last week registering a Tk50-60 surge in seven days, increasing sufferings of the consumers further. Meanwhile, soybean oil was still selling at its previous...

Two more Indian ships to arrive this week

Nazimuddin Shyamol 2022-07-23 08:46:18

CHATTOGRAM: Trans-shipment of goods between India and Bangladesh through Chittagong seaport is set to resume this week after two years, officials at the Chittagong Port Authority said in Friday. They...

Dhaka to urge S'pore to end embargo soon

SYFUL ISLAM 2022-07-23 08:35:48

Bangladesh will soon request Singapore to withdraw embargo imposed on transshipment of hydrogen peroxide through the port of Singapore that has stalled export of the chemical compound since a Chittago...

Light engineering likely to fetch $1b in FY ’23

FHM HUMAYAN KABIR 2022-07-23 08:30:45

Bangladesh's light-engineering sector is likely to enter the billion-dollar foreign exchange-earning club within a year - enlarging the country's export basket, officials said on Friday. In the last...

Anwar Shawkat elected DBCCI president

-- 2022-07-22 19:49:19

Md Anwar Shawkat Afser, managing director of Sakhi Lines (Sakhi Group), has been re-elected president of the Dutch-Bangla Chamber of Commerce and Industry (DBCCI) for 2022-2024. He assumed the role f...

Gazipur becoming Chinese smartphone city

-- 2022-07-22 19:14:59

Bangladesh's Gazipur is dubbed the Chinese smartphone city in the country. Located on the outskirts of the Bangladeshi capital Dhaka, it is also famous for its textile manufacturing industry. Today,...

'Unknowns' delay Tesla's ramp-up of its own cutting-edge batteries

REUTERS 2022-07-22 14:05:13

Tesla Inc is falling short of CEO Elon Musk's target to make its own next-generation batteries, sparking questions over the top electric car maker's ability to maintain its blistering expansion of aut...

Study finds ICDs' weaknesses in handling dangerous chemicals

FE REPORT 2022-07-22 11:59:56

There are institutional and operational weaknesses across the value chain in handling dangerous chemicals at Inland Container Depots (ICDs) - this needs to be addressed immediately, said a study of th...

MoR assures steps to remove irregularities in train services

FE REPORT 2022-07-22 11:15:31

The Ministry of Railways (MoR) assured on Thursday to take measures against alleged irregularities in railway services. The ministry gave the assurance in response to the six-point demand made by Dha...

Experts suggest creating a separate ministry on blue economy

FE REPORT 2022-07-22 10:51:54

Mentioning that untapped potential of the ocean-based economy can bring a huge opportunity for Bangladesh, discussants at a programme have suggested creating a separate ministry for harnessing huge re...

Infrastructure sharing in telecoms to ensure better service, experts tell roundtable

FE REPORT 2022-07-22 09:28:27

Infrastructure sharing in telecommunications should be made mandatory to ensure better service on less investment in this sector, speakers said at a seminar in the city on Thursday. They said mobile...

Move to rebuild Kalurghat Bridge following Padma Bridge design

MUNIMA SULTANA 2022-07-22 09:17:27

There are plans afoot to replace the century-old Kalurghat Bridge over the Karnaphuli River in Chattogram with a steel-truss double-deck structure, similar to the design of the newly launched Padma Br...

Extending trade benefit to LDCs: Bangladesh to raise issue with US at TICFA meet

DOULOT AKTER MALA 2022-07-22 09:04:54

Dhaka is set to urge Washington to give its nod on extension of trade benefit to the least developed countries (LDC) after their graduation. Next meeting of the Trade and Investment Cooperation Forum...

Re-gasification of LNG falls, cut in import ahead

M AZIZUR RAHMAN 2022-07-22 08:37:23

Bangladesh's liquefied natural gas (LNG) re-gasification dipped nearly to the lowest level while power supply is reduced by around 2,357 megawatts (MW), as of Wednesday, as the government considers fu...

Deal signed to provide fresh food to RMG workers at fair prices

-- 2022-07-21 20:05:46

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Deshifarmer have signed a memorandum of understating (MoU) to provide apparel workers with fresh produce at fair prices. A...

How GoZayaan is simplifying digital tourism

FE ONLINE DESK 2022-07-21 15:53:15

GoZayaan as a company has been making headlines since the beginning of this year with new and exciting announcements dropping every few weeks. The company acquired a Pakistani online travel marketpla...

Adjusting lending rates: Increase in EDF loan interest

SIDDIQUE ISLAM 2022-07-21 13:27:50

The central bank has increased the interest rates on loans under Export Development Fund (EDF) scheme aiming to adjust the lending rates with traditional market, officials say. Under the revised inte...

BB asks banks not to harass NSC investors

FE REPORT 2022-07-21 10:37:20

The Bangladesh Bank (BB) asked all scheduled banks on Wednesday not to harass clients, seeking services relating to investment in the national savings certificates (NSCs). A circular, issued by the c...

CGIAR launches research portfolio in Bangladesh to tap agri-food potential

FE REPORT 2022-07-21 10:08:02

The Consultative Group for International Agricultural Research (CGIAR), a consortium of international agricultural research centres, in collaboration with the government of Bangladesh launched its res...