Search results for: Trade

BD gold reserve rises fourfold in seven yrs

Jasim Uddin Haroon 2017-09-11 11:11:25

Bangladesh's official gold reserve has risen four times in seven years since 2010 to 14 tonnes, prompting economists to discourage its external purchase now. Sources said a big purchase and recurr...

Offshore wind power cheaper than new nuclear  

-- 2017-09-11 09:36:05

Energy from offshore wind in the UK will be cheaper than electricity from new nuclear power for the first time, reports BBC.    The cost of subsidies for new offshore wind farms has halved...

Mercedes-Benz becoming electric

Reuters 2017-09-11 03:53:51

Daimler’s Chief Executive Dieter Zetsche on Monday said Mercedes-Benz will offer electric versions of all its models by 2022, converting its Smart city car brand to become fully electric. &nbsp...

Oil prices rise slightly

-- 2017-09-11 02:26:58

Oil prices edged up on Monday after the Saudi oil minister discussed possibly extending a pact to cut global oil supplies beyond March 2018 with his Venezuelan and Kazakh counterparts.   News o...

Dollar edges up after selloff

-- 2017-09-11 02:15:12

The dollar edged higher on Monday, pulling away from last week’s lows against its major rivals after North Korea marked the anniversary of its founding without resorting to any further missile o...

PEB Steel Alliance inks deal with PHP Integrated Steel Mills

FE Online Desk 2017-09-11 02:06:56

PEB Steel Alliance Ltd recently signed an agreement with PHP Integrated Steel Mills Ltd in securing a landmark contract for 8400 tonnes, one of the largest in the industry till date. The contract was...

Uber brings relief to city commuters

-- 2017-09-10 12:00:00

With its hassle-free round-the-clock services, Uber, the world's largest on-demand ride-sharing company, has brought some sort of relief to city commuters, mainly for the middle-class ones, within eig...

Human haulers rising fast, BRTA stats show

FE Online Report 2017-09-10 12:00:00

Human haulers are rising at a faster rate, according to the latest statistics of the Bangladesh Road Transport Authority (BRTA).   It showed that some 2,534 new human haulers got registration d...

India renegotiates LNG deal with Exxon

Reuters 2017-09-10 10:27:16

India has renegotiated the pricing of liquefied natural gas (LNG) imported from Australia’s Gorgon project to make the imported fuel affordable to price-sensitive domestic customers, oil ministe...

Smuggling thrives on steep fall in rawhide prices

Yasir Wardad 2017-09-10 10:10:59

Drastic fall in rawhide prices has led to smuggling of a significant volume of skins of sacrificial animals this year, sector insiders said.   The easy navigation in overflowing rivers of borde...

Govt seeks Japanese, Korean funds for building port, ICT

Syful Islam 2017-09-09 12:00:00

The government sought funds from South Korea and Japan for building Paira seaport and Khanpur inland container terminal (ICT) in Narayanganj to lessen shipping pressure on Chittagong Port.   Tw...

eGeneration to provide CRM solutions to IOM

FE Online Desk 2017-09-09 12:00:00

eGeneration Ltd, one of the leading management consulting, technology services and outsourcing companies in Bangladesh and International Office Machines (IOM), a leading communication technology compa...

NBR to step up vigilance against tax-evading foreign workers

FE Desk 2017-09-09 12:00:00

The National Board of Revenue (NBR) has decided to pay special attention to the foreigners working in the country so that they cannot dodge tax payment.   The directive came from NBR chairman M...

Jobless Bangladeshis face uncertainty in S Arabia

Arafat Ara 2017-09-09 12:00:00

Many Bangladeshi workers who have gone to Saudi Arabia with individual visas or so-called free visas are now facing uncertainty as they fail to find jobs, sources said.   Many of them have alre...

BGMEA seeks more time to demolish office building

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

Bangladesh's crest wear business body wants to exercise its multi-storey office building, which was built in violation of the Wetlands Protection Act, for another year, reports bdnews24.com.  ...

Qatari, Saudi leaders have a phone call, start new dispute

AP 2017-09-09 11:51:28

Leaders in Qatar and Saudi Arabia spoke by telephone early Saturday in their first high-level contact since an Arab diplomatic crisis engulfed Doha three months ago, but now even terms of what they di...

BD is the sixth largest importer of textiles

FE Online Report 2017-09-09 10:35:40

Bangladesh has emerged as the sixth largest importer of textiles across the globe.   According to the latest statistics of the World Trade Organisation (WTO), the country’s share in globa...

Consumer loans see steep rise

-- 2017-09-09 09:44:56

Consumer financing by the banking sector saw a significant rise during the last year thanks to falling lending rates and rising purchasing power of the country's middle-class. Consumer credit rose 2...

iPhone 8 could face supply shortfalls

Reuters 2017-09-08 12:56:16

Apple Inc’s new iPhone had hit production glitches early in its manufacturing process and could lead to supply shortfalls and shipping delays following its launch next week, the Wall Street Jour...

Rice prices defy big cut in import duty

 Yasir Wardad 2017-09-08 12:00:00

A big cut in import duty on rice has hardly made any impact on the prices of the major staple in the city markets.   Market observers said big importers and traders are cashing in on the duty s...

NBR exempts EPZ factories from 25pc tobacco export tax

 Doulot Akter Mala 2017-09-08 12:00:00

The National Board of Revenue (NBR) has waived 25 per cent tax on export of tobacco products by factories located in the country's Export Processing Zones (EPZs).   The customs wing has issued...

Lilly to lay off 3,500 jobs globally

Reuters 2017-09-08 12:00:00

Eli Lilly and Co said on Thursday it would lay off about 8 per cent of its employees as the drugmaker, which has suffered setbacks over the past year in the development of two potential blockbuster dr...

NBR gives special focus on tax from foreign workers

-- 2017-09-08 12:00:00

  The National Board of Revenue (NBR) has decided to pay special attention on collecting tax from foreigners working in the country.   NBR chairman M Nojibur Rahman gave the directives at...

VW plans huge asset sale

Reuters 2017-09-08 12:00:00

Volkswagen is actively working on deals to sell non-core assets accounting for as much as 20 per cent of the German carmaker’s annual revenues, The Wall Street Journal quoted its chief executive...

Adobe to bridge gender wage gap in India, US

-- 2017-09-08 12:00:00

Adobe Systems has introduced a gender pay parity policy in India as well as globally to achieve 100 per cent pay parity between male and female employees across levels, reports businessworld.in. &nbs...

Oil steady as Irma heads for Florida, Saudi Arabia scales down supply

-- 2017-09-08 12:00:00

LONDON, Sept 8 (Reuters): Oil prices steadied on Friday after almost a week of sharp rises as Hurricane Irma, one of the most powerful storms in a century, drove towards Florida after tearing through...

Study finds bank profitability more sensitive to NPLs

FE Online Report 2017-09-08 11:15:29

A central bank study has observed that the bank profitability is more sensitive to non-performing loans (NPLs) and expenditure-income ratio than it is to liquidity in the country.   The study t...

Habib Bank to pay $225m fine in USA

-- 2017-09-08 08:59:08

Pakistan’s Habib Bank agreed to pay $225 million to settle an enforcement action brought against it by US administration for infringing laws designed to combat illicit money transfers.  ...

Google to acquire HTC

-- 2017-09-08 07:36:51

Google is in the final stages of acquiring all or part of smartphone maker HTC, says CNBC quoting a Taiwanese news outlet called Commercial Times.   The news follows a separate story from late...

Asian traders look to snap up US crude

-- 2017-09-07 12:40:49

Flood waters caused by tropical storm Harvey encompass the Motiva Enterprises LLC in Port Arthur, Texas, US. — Reuters SINGAPORE, Sept 6 (Reuters): Some oil traders in Asia are looking to snap...