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Search results for: Trade

Fiber@Home, Cisco tie up to deploy 5G network

Fiber@Home, Cisco tie up to deploy 5G network

FE REPORT 2023-01-20 11:21:33

Fiber@Home Ltd, the country's largest nationwide transmission service provider, has partnered with Cisco to accelerate conversion of its network to 5G. The partnership will enable the company to seam...

Incepta, ICL to do joint research on vaccines

Incepta, ICL to do joint research on vaccines

FE REPORT 2023-01-20 10:30:14

Imperial College London (ICL) has expressed interest to conduct joint research on Covid-19 vaccines (mRNA) with Incepta Pharmaceuticals Ltd. Professor Robin John Shattock, head of research team at IC...

Govt to run HSIA third terminal thru' PPP

Govt to run HSIA third terminal thru' PPP

FE REPORT 2023-01-20 09:03:20

The government has decided to operate and maintain the third terminal of Hazrat Shahjalal International Airport (HSIA), expected to be opened this year for passengers, through public-private partnersh...

Gas tariff hike: BGAPMEA seeks continuity of current rate

Gas tariff hike: BGAPMEA seeks continuity of current rate

FE REPORT 2023-01-20 08:58:45

Strongly protesting the latest gas price hike, the Bangladesh Garment Accessories and Packaging Manufacturers and Exporters Association (BGAPMEA) has urged the government to keep the current rate....

Weekly Kitchen Market: Ginger price jumps to Tk 300 per kg

Weekly Kitchen Market: Ginger price jumps to Tk 300 per kg

YASIR WARDAD 2023-01-20 08:56:35

Garlic and ginger have become pricier further in a week, marking a 5.0-20 per cent hike per kilogram, sources at kitchen markets and groceries said. The maximum retail price (MRP) of the imported Chi...

Ctg business leaders express concern over gas, power price hike

Ctg business leaders express concern over gas, power price hike

NAZIMUDDIN SHYAMOL 2023-01-20 08:55:34

CHATTOGRAM: Business community leaders in Chattogram have expressed concern over the price hike of gas and power. They said consumers have to bear the brunt as the prices of commodities have increase...

Spot LNG import resumes soon

Spot LNG import resumes soon

M AZIZUR RAHMAN 2023-01-20 08:45:27

After a seven-month pause, the government is all set to resume importing liquefied natural gas (LNG) from global spot market anytime soon with the fund crunch cushioned by the latest gas-tariff hike....

Banks to set up 60pc sub-branches outside city corporations, municipal areas

Banks to set up 60pc sub-branches outside city corporations, municipal areas

-- 2023-01-19 20:11:27

Bangladesh Bank (BB) has instructed banks to set up at least 60 per cent of their sub-branches outside city corporations and municipal areas. “No sub-branch can be established below the distanc...

GoZayaan revolutionises travelling

GoZayaan revolutionises travelling

Zakia Sameen Noor 2023-01-19 19:15:24

Travel is for everyone, regardless of preferences. Some prefer exploring a busy city, while others want to discover calming mountains and climb the majestic peaks. Some prefer lounging in luxurious ho...

First manufacturing plant of Hyundai cars opens in Gazipur

First manufacturing plant of Hyundai cars opens in Gazipur

-- 2023-01-19 17:37:46

At the formal opening of the Hyundai car manufacturing plant in Gazipur's Kaliakoir on Thursday, distinguished guests hailed it as a "potential a game changer" not only in the Bangladesh automobile ma...

CCECC-led JV bags Bangladesh’s first-ever Micro Tunneling Sewerage Project

CCECC-led JV bags Bangladesh’s first-ever Micro Tunneling Sewerage Project

FE ONLINE DESK 2023-01-19 14:03:24

A Chinese tripartite joint venture inked a design and build contract with Dhaka Water Supply and Sewerage Authority (DWASA) for a reconstruction of eastern trunk main sub-project on Tuesday afternoon....

How to file complaints on the new consumer rights website

How to file complaints on the new consumer rights website

FE ONLINE DESK 2023-01-19 13:23:06

The Directorate of National Consumers Right Protection has launched a new website with the promise of bringing a one-stop solution to the 'people's doorsteps'. Consumers can now conveniently lodge com...

Walton introduces energy-efficient AC at DITF

Walton introduces energy-efficient AC at DITF

FE ONLINE DESK 2023-01-19 11:43:19

Walton is exhibiting various eco-friendly, advanced and sustainable IoT (Internet of Things) smart products at Dhaka International Trade Fair (DITF) in the capital’s Purbachal. Walton’s s...

Gas price hike may cut export, forex earnings: FBCCI Sr VP

Gas price hike may cut export, forex earnings: FBCCI Sr VP

-- 2023-01-19 10:12:16

"We the Federation of Bangladesh Chamber of Commerce and Industry (FBCCI), Bangladesh Textile Mills Association (BTMA), Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Banglades...

Gas price spike to hike production costs: BTMA chief

Gas price spike to hike production costs: BTMA chief

-- 2023-01-19 10:10:51

"We did not want the hike to this extent," BTMA President of Mohammad Ali Khokon, who spearheaded the businessmen's call to raise gas tariffs for increased gas supply, told the FE in an immediate reac...

Fresh gas price hike may fuel inflationary pressure: Masrur Reaz

Fresh gas price hike may fuel inflationary pressure: Masrur Reaz

FE REPORT 2023-01-19 10:09:29

Eminent economist and Chairman and Founder of Policy Exchange Bangladesh Dr M Masrur Reaz predicts the fresh gas-price hike will create two challenges for an already- struggling economy. On external-...

New gas tariffs will create energy poverty: M Tamim

New gas tariffs will create energy poverty: M Tamim

-- 2023-01-19 10:06:59

New natural gas tariffs will create 'energy poverty' in the country as a section of people will not be able consume energy at the newly hiked rate, energy expert professor M Tamim forecast. Overall...

Govt to buy 8,000 tonnes of lentil

Govt to buy 8,000 tonnes of lentil

FE REPORT 2023-01-19 08:41:40

The government is set to purchase 8,000 tonnes of lentil from the international market for the Trading Corporation of Bangladesh (TCB) to ensure smooth supply of the essential item in the local ma...

BB asks banks to comply with set loan tenure

BB asks banks to comply with set loan tenure

FE REPORT 2023-01-19 08:39:34

Bangladesh Bank has pressed the brake on crossing the timeline in lending from Tk 250-billion refinancing scheme, binding the lenders within 12-month tenure. The central bank recently announced t...

Gas also gets much costlier

Gas also gets much costlier

M AZIZUR RAHMAN 2023-01-19 08:35:46

The government jacked up natural gas tariffs up to 178.88 per cent by executive order, barely six months after the previous hike, apparently under ongoing reform drives. An official announcement...

Disney says Peltz 'lacks skills' to help business as proxy battle heats up

Disney says Peltz 'lacks skills' to help business as proxy battle heats up

Reuters 2023-01-18 09:26:56

Walt Disney Co on Tuesday defended its decision to deny Nelson Peltz a board seat, saying the activist investor "lacked the skills and experience" to help the media and entertainment giant. The house...

Microsoft to cut thousands of jobs across divisions: Reports

Microsoft to cut thousands of jobs across divisions: Reports

Reuters 2023-01-18 09:18:39

Microsoft Corp plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions, according to media reports on Tuesday. The expected layoffs would...

Commodities from India: Team set up for reviewing quota

Commodities from India: Team set up for reviewing quota

FE REPORT 2023-01-18 09:01:39

The government has formed a high-powered committee for preparing a revised annual import quota on some food items from India. The fresh proposal will be sent to Delhi by February. A senior official...

Fresh move to make BBIN MVA effective

Fresh move to make BBIN MVA effective

MUNIMA SULTANA 2023-01-18 08:57:00

Bangladesh has taken an initiative to give a fresh impetus to operationalise the subregional motor vehicle agreement (MVA) at an expected level to facilitate free flow of people and goods among the pa...

H1 non-RMG export growth negative

H1 non-RMG export growth negative

MONIRA MUNNI 2023-01-18 08:54:57

Export earnings from major non-RMG (ready-made garment) sectors like jute, agricultural, frozen and live fish, chemical and engineering products witnessed negative growth in the first half of this fis...

H1 direct tax collection up 6.19pc

H1 direct tax collection up 6.19pc

DOULOT AKTER MALA 2023-01-18 08:50:31

Direct tax collection-growth slowed by 7.01 per cent against the target set for the first half of the current fiscal year (FY) for sluggish economic activities in the country. However, the growth was...

Bangladesh-Türkiye Business Forum launched to boost bilateral trade, investments

Bangladesh-Türkiye Business Forum launched to boost bilateral trade, investments

FE ONLINE REPORT   2023-01-17 21:36:07

Bangladesh-Türkiye Business Forum (BTBF) was formally launched on Tuesday, aiming to facilitate and increase bilateral trade and investments between the two countries. Salman F Rahman, private i...

Nigeria looks for joint ventures in textile, ceramic sector

Nigeria looks for joint ventures in textile, ceramic sector

-- 2023-01-17 18:28:57

Nigeria is interested in increasing trade and investment relations with Bangladesh. A visiting delegation led by the President of Nigeria-Bangladesh Trade and Technology Forum (NBTTF) Roberts Moses A...

Midland Bank’s Annual Business Budget Strategy Summit 2023 held

Midland Bank’s Annual Business Budget Strategy Summit 2023 held

FE ONLINE DESK 2023-01-17 14:48:46

The Annual Business Budget Strategy Summit 2023 of Institutional Banking, SME and Treasury Divisions of Midland Bank Limited was held in the board room of the bank’s head office i...

Nissan directors endorse steps to reach deal with Renault: Sources

Nissan directors endorse steps to reach deal with Renault: Sources

Reuters 2023-01-17 12:45:37

A Nissan Motor Co board committee reviewed proposals from Renault SA on Monday and endorsed pressing ahead on final terms for a reshaped alliance with its French partner, two people with knowledge of...