Search results for: Trade

Modhumoti Bank signed partnership agreement with Zaynax Health

-- 2023-01-31 18:55:50

Modhumoti Bank Limited signed a partnership agreement with Zaynax Health at the former’s Head Office. Mr Md. Shafiul Azam, managing director & CEO of Modhumoti Bank and Mr Parvez Ahmad &nda...

Alamgir Kabir promoted to DMD of UCB

FE ONLINE DESK 2023-01-31 17:18:23

Alamgir Kabir has recently been promoted to Deputy Managing Director (DMD) of United Commercial Bank (UCB) PLC. Before that, he served the bank as senior executive vice president. He has been in the...

AB bank opens sub-branch in Chattogram

-- 2023-01-31 16:48:58

AB Bank Limited opened sub-branch at Kamal Bazar, Chattogram on January 31, 2023. The sub-branch is located Karnafully Center, Kamal Bazar, Chandgaon, Chattogram. Mr Feroz Ahmed, director, AB Bank L...

BRAC Bank signs deal with BB to avail export facilitation pre-finance fund

FE ONLINE DESK 2023-01-31 16:02:39

BRAC Bank has signed a participation agreement with Bangladesh Bank (BB) to avail Export Facilitation Pre-finance Fund (EFPF). Bangladesh Bank has formed BDT 100 billion EFPF fund for exporters to co...

Sonali Bank signs agreement with Bangladesh Bank

FE ONLINE DESK 2023-01-31 13:06:25

Sonali Bank Limited has signed an agreement to participate in the Export Facilitation Pre-Financed Fund (EFPF) of Tk 100 billion formed by Bangladesh Bank, says a press release. Sonali Bank Limited C...

Russia bans oil exporters from adhering to Western price caps

FE ONLINE DESK 2023-01-31 12:22:53

The Russian government on Monday banned domestic oil exporters and customs bodies from adhering to Western-imposed price caps on Russian crude, Reuters reports. The mea...

Bangladesh hikes retail power prices by 5.0pc for February

FE ONLINE REPORT 2023-01-31 11:36:11

In a desperate move to pass on rising energy costs to consumers, the government raised both retail- and bulk-level electricity tariffs for all types of consumers on Tuesday, with effect from tomorrow...

Bread becomes costly as wheat acreage shrinks

YASIR WARDAD 2023-01-31 09:05:01

Flour products become too costly in Bangladesh as the country's wheat acreage loses out to corn, litchi, mango and tea gardens while global supplies wobble amid 'price war'. Farmers increasingly sw...

BB inks deal with 49 banks for export facilitation pre-finance fund

-- 2023-01-30 20:54:46

Bangladesh Bank (BB) today inked "Participation Agreements" with 49 commercial banks for Tk 100.00 billion Export Facilitation Pre-finance Fund (EFPF).  The central bank formed the EFPF fund for...

India’s state-run insurer to seek Adani’s clarifications after US short seller’s allegation

-- 2023-01-30 20:27:37

State-run Life Insurance Corporation (LIC), India's largest insurer, is reviewing Adani Group's response to scathing criticism by a US short-seller and will hold talks with the group's management with...

BRAC Bank, PLI Asset Management sign custodial services agreement

FE ONLINE DESK 2023-01-30 19:35:39

BRAC Bank Limited and PLI Asset Management Limited have signed a custodial services agreement. The agreement will enable BRAC Bank to provide custodial services to PLI Asset Management Limited for th...

Turaag active teams up with Daraz, Foodpanda to promote active lifestyle

FE ONLINE REPORT 2023-01-30 19:02:01

Turaag Active, a brand of Wave Riders Limited, teamed up with Daraz and Foodpanda to promote active lifestyle. Wave Riders Limited, a sister concern of Urmi Group—a leading readymade garment ma...

Global Islami Bank launches special mudarabah savings account Ehsan

FE ONLINE DESK 2023-01-30 18:12:54

Global Islami Bank has launched a special mudarabah savings account named ‘Ehsan’ to bring marginalised communities of the country under banking scope. Md. Abul Bashar, executive director...

EXIM Bank arranged Annual Risk Management Conference-2023

-- 2023-01-30 17:55:54

Exim Bank has arranged Annual Risk Management Conference-2023 with the aim of increasing awareness on risk mitigation in the banking sector. Recently, the conference has held at Multi-Purpose Hall of...

IBBL holds workshop for RDS and UPDS Officials

FE ONLINE DESK 2023-01-30 17:55:20

Islami Bank Training and Research Academy (IBTRA) has organised a workshop for RDS and UPDS officials on performance evaluation and strategies for achieving targets According to a press release, the...

Apple’s India supplier Jabil making AirPods parts for export

-- 2023-01-30 17:43:40

Apple-supplier Jabil Inc's India unit has begun making components for AirPods in the country and is shipping plastic bodies or enclosures for AirPods to China and Vietnam, Bloomberg News reported on S...

Govt to launch National Tea Award

FE REPORT 2023-01-30 14:18:39

The government is set to introduce the National Tea Award in order to help boost production and improve quality of the product. Moreover, the award is also expected to help facilitate export and mark...

Dhaka urges Tokyo to continue supporting Bangladesh even after LDC graduation

FE REPORT 2023-01-30 14:15:28

Dhaka has urged Tokyo to continue supporting Bangladesh even after it graduates from the least-developed country (LDC) status in 2026. Commerce Minister Tipu Munshi made the call at a views-exchange...

Union Bank introduces modern and technology-based service

FE ONLINE DESK 2023-01-30 14:03:45

Union Bank Limited introduced one modern and technology-based service‘MudarabaMonthly Payable SND Account (MMPSND)’, according to a press release. Managing Director& CEO of Union Bank...

Mahmud Hassan appointed director of sales and marketing at Dhaka Regency Hotel

FE ONLINE DESK 2023-01-30 13:03:18

MD Mahmud Hassan has been promoted to director of sales and marketing at Dhaka Regency Hotel & Resort, says a press release received on Monday. Mr Hassan has also been appointed to serve as the...

MTB distributes blankets among cold-affected people

FE ONLINE DESK 2023-01-30 11:32:16

As part of its Corporate Social Responsibility (CSR) initiatives, Mutual Trust Bank Ltd (MTB) has recently distributed blankets among the cold-affected people of Beraid in Dhaka city’s Badda, ac...

VAT from 17 big banks fall 7.0pc short of H1 target

DOULOT AKTER MALA 2023-01-30 09:12:32

Collection of value added tax (VAT) from 17 large banks fell nearly 7.0 per cent or Tk 1.53 billion short of target for the first half of the current fiscal year (FY2022-23). Until December 2022, the...

Now vegetable prices skyrocketing

YASIR WARDAD 2023-01-30 08:48:20

Prices of seasonal vegetables have witnessed fresh hikes in the past three days after remaining comparatively cheaper for one and a half months, further intensifying the sufferings of the commoners, a...

Govt's GRS in low gear

SAJIBUR RAHMAN 2023-01-30 08:40:19

Government offices connected with the GRS system have all together received 48,660 complaints in the last four years, deemed too few compared to umpteen problems facing people. Stakeholders doubt if...

Boeing’s 747, the original jumbo jet, prepares for final send-off

-- 2023-01-29 22:34:03

Boeing's 747, the original and arguably most aesthetic ‘Jumbo Jet’, revolutionised air travel only to see its more than five-decade reign as "Queen of the Skies" ended by more efficient tw...

Bengal Commercial Bank holds its annual business conference

FE ONLINE DESK 2023-01-29 22:18:02

Bengal Commercial Bank (BGCB) has held its ‘Annual Business Conference-2023’ at its head office in Gulshan Avenue of Dhaka recently. Md. Jashim Uddin, chairman of the bank and FBCCI presi...

Bangladesh expects more large-scale investment from Japan: Tipu Munshi

-- 2023-01-29 21:26:43

Mentioning that Bangladesh expects more large-scale investment from Japan, Commerce Minister Tipu Munshi today said that Bangladesh is very much eager to boost trade, commerce and investment with Japa...

China’s smartphone sales fall 13pc year-on-year in 2022

-- 2023-01-29 21:19:33

China's smartphone sales fell 13 per cent year-on-year in 2022, the largest plunge for the sector in a decade as consumers spent cautiously, market research firm IDC said on Sunday. The total number...

Uttara bank opens sub-branch at Birampur in Dinajpur

FE Online Desk 2023-01-29 19:32:04

A sub-branch of Uttara Bank PLC opened on Sunday. Managing director and CEO of Uttara Bank Mohammed Rabiul Hossain inaugurated the 23rd sub-branch of the bank at Birampur in Dinajpur district. Md. R...

Mercantile Bank opens Badda and Lalbag sub-branches

FE Online Desk 2023-01-29 19:17:08

Mercantile Bank Limited inaugurated Badda and Lalbag sub-branches in Dhaka on Sunday to provide easy banking services to customers. Bank’s Chairman Morshed Alam launched the sub-braches on a v...