Search results for: Trade

Govt launches migration compact taskforce

FE REPORT 2022-07-06 08:47:40

The government has launched the Migration Compact Taskforce with an eye to easing the implementation, follow-up and review of the Global Compact for Migration (GCM). The taskforce will provide a pl...

Free services, related cost hold back Sonali Bank

SYFUL ISLAM 2022-07-06 08:44:40

Sonali Bank Ltd incurred a cumulative loss of Tk 182.53 billion in the last 13 years as the state-owned bank has to provide services free of charge or at low cost. In 2021, the bank's loss was Tk 26....

BB asks banks to keep branches open in Dhaka cattle market areas on July 8,9

-- 2022-07-05 19:41:01

Bangladesh Bank (BB) has instructed banks to keep open their branches and sub-branches in nearby areas of cattle markets in Dhaka north and south city corporations on Friday and Saturday. The central...

Shell joins Qatar's LNG expansion mega-project

-- 2022-07-05 18:56:52

QatarEnergy on Tuesday signed a deal with Shell for the Gulf state's North Field East expansion, the first phase of the world's largest liquefied natural gas (LNG) project, following agreements with T...

India bans service charge at hotels and restaurants

-- 2022-07-05 15:12:38

India's consumer protection authority has banned hotels and restaurants from levying a service charge on bills. The order came after authorities said there had been an increase in complai...

Govt hikes rawhide prices for Eid-ul-Azha

FE ONLINE REPORT 2022-07-05 12:31:13

The government has raised the prices of rawhide of sacrificial cows to Tk 47-52 per square foot (sft) (salted) in the capital and to Tk 40-44 outside Dhaka during the upcoming Eid-ul-Azha. Last...

BMET urges Malaysia-aspirant workers not to deal with recruiters until govt notice

FE REPORT 2022-07-05 11:56:11

The government has urged the outbound Bangladeshi workers not to deal with any manpower recruiter or agent to go to Malaysia until or unless receiving announcement from the government. The Bureau of...

Govt set to fix today prices of rawhides

FE Report 2022-07-05 08:54:49

The government is expected to sit with the traders' associations and stakeholders concerned today (Tuesday) to fix the prices of rawhides of sacrificial animals during the upcoming Eid-ul-Azha, said o...

Business bonanza in apparel: Exporters seek faster raw material delivery through green channel

FE REPORT 2022-07-05 08:50:38

Apparel exporters seek faster delivery of imported raw materials through coordination between customs and port authorities, as they eye business bonanza in global market rebound. Issuing "self-cleara...

State-run BSEC suffers loss for first time

Jubair Hasan 2022-07-05 08:42:42

A once-thriving state-run behemoth, Bangladesh Steel and Engineering Corporation (BSEC), shrinks into atrophy with financial loss for the first time, officials say. The state steelmaker had been prof...

IFC, BRAC Bank to issue first housing bond

FE REPORT 2022-07-05 08:38:42

The International Finance Corporation (IFC) joined hands with BRAC Bank Limited to issue housing bond worth US$50 million for the first time in the country to help provide affordable housing loans t...

BGMEA eyes faster delivery of raw materials through green channel

-- 2022-07-04 19:43:51

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan has urged the National Board of Revenue (NBR) to provide green channel facility to RMG exporters to ensure f...

Eastern Cables inks $4.2m export deal with Chinese corporation

-- 2022-07-04 18:30:10

State-owned Eastern Cables Limited (ECL) has inked an export agreement with China National Technical Import and Export Corporation (CNTIEC) worth $4.2 million. ECL Managing Director Abul Kalam Azad a...

Factories ordered to pay wages, Eid allowances by July 7

-- 2022-07-04 17:56:45

State Minister for Labour and Employment Monnujan Sufian has ordered industrial units, including readymade garment factories, to pay workers their salaries and festival allowances by July 7, ahead of...

Western firms struggle to exit Russia

-- 2022-07-04 16:07:59

For foreign companies still working out what to do with their stranded Russian assets, President Vladimir Putin's seizure of a major oil and gas project is a powerful warning: Move fast or else. Comp...

Ukraine says Russian ship carrying Ukrainian grain detained by Turkey

-- 2022-07-04 11:57:32

Turkish customs authorities have detained a Russian cargo ship carrying grain which Ukraine says is stolen, Ukraine's ambassador to Turkey said on Sunday, Reuters reports. Ukraine had previously aske...

FICCI welcomes amended Finance Bill

FE REPORT 2022-07-04 10:47:46

The Foreign Investors' Chamber of Commerce and Industry (FICCI) appreciated the amendment to some provisions in the Finance Bill 2022-23 as requested by the chamber. The Jatiya Sangsad passed the Fin...

BSCCL to add 3800 GBPS by next year

FE REPORT 2022-07-04 10:22:55

Bangladesh Submarine Cable Company (BSCCL), the state-run listed company, is going to invest $3.2 million to upgrade the capacity of its first submarine cable by more than four times. "The board has...

Lanka seeks Bangladesh's support to ship 'emergency' liquid chlorine

Rezaul Karim 2022-07-04 08:50:52

Sri Lanka has sought assistance from Bangladesh to facilitate emergency shipment of liquid chlorine from the Chittagong port as reserves of the water-purification chemical are almost exhausted in the...

Flood likely to raise cattle prices this Eid

YASIR WARDAD 2022-07-04 08:41:26

The ongoing flood has already affected some 6,662 cattle and poultry farms in 15 districts, which might cause further surge in animal prices during this Eid-ul-Azha festival, although the prices are m...

Import-export activities through Hili port will remain suspended for eight days

-- 2022-07-03 20:56:25

Import and export activities will remain suspended for eight days at a stretch through the Hili Land Port (HLP) in Hakimpur Upazila of Dinajpur on the occasion of holy Eid-ul-Azha and weekly holidays....

Saudia airlines to collect Hajj pilgrims' baggage from hotels 

-- 2022-07-03 19:00:50

Saudia, formerly known as Saudi Arabian Airlines, will collect its hajj passengers' baggage from their respective hotels or other accommodations 24 hours before their departure to reduce pilgrims' has...

Rawhide traders can reschedule loans with 2pc down payment: BB 

-- 2022-07-03 18:26:02

Leather traders now can reschedule their defaulted loans after paying a minimum 2.0 per cent down payment and get fresh loans for purchasing raw hides during and after the Eid-ul Azha.  The Eid,...

LPG prices rise as taka weakens against dollar

-- 2022-07-03 17:44:13

Despite declining prices in international markets, the government has increased the price of liquefied petroleum gas due to the depreciation of the taka against the dollar. In July, customers will ha...

Banks to remain open on July 8,9 in RMG industrial areas 

-- 2022-07-03 17:38:51

Branches of the scheduled banks in the readymade garments (RMG) industrial areas will remain open on July 8 and 9 to facilitate payment of garment workers' salary, Eid bonus, allowances and export-imp...

RFL Electronics secures $23.0m credit facility from British institution

-- 2022-07-03 17:33:53

RFL Electronics Ltd (REL) has secured a $23.0 million credit facility from Britain's development finance institution to expand its capacity to manufacture electronic home appliances. British Internat...

Drastic fall in passenger numbers forces owners to cut Dhaka-Barishal launch fares

-- 2022-07-03 08:51:40

Owners have cut fares and the number of launches on the Barishal-Dhaka route as a large portion of passengers has shunned the waterway after the opening of the Padma Bridge, which made the journey q...

Bangladeshi undocumented workers in Maldives advised to get visas, permits

FE REPORT 2022-07-03 08:40:24

The Maldives has launched a regularisation process of job status for the undocumented workers, including Bangladeshis. The Bangladesh High Commission in Male advised the Bangladeshi undocumented on...

Govt to buy 0.7m tonnes of rice bran oil for TCB

FE Report 2022-07-03 08:31:40

The government is going to procure 0.7 million tonnes of rice bran oil for sale through its trading arm Trading Corporation of Bangladesh (TCB), sources said. To this effect, TCB has already signed n...

Operating profits of 14 private banks up in H1

SIDDIQUE ISLAM 2022-07-03 08:20:55

A total of 14 private commercial banks (PCBs) in Bangladesh showed increased operating profits during six months to this past June, mainly banking on the country's booming foreign-trade activities, ba...