Search results for: Trade

Outbound travel spending up by 15.6pc

FE Online Report 2017-09-07 12:00:00

Minimum spending for outbound travel from the country jumped by 15.56 per cent in the past fiscal year (FY17).   Latest data of the balance of payments (BoP) showed that the amount stood at $50...

Govt set to import 0.2m tonnes of wheat from Russia

Talha Bin Habib 2017-09-07 12:00:00

The government is set to import 0.2 million tonnes of wheat from Russia under government to government (G2G) arrangement, officials said. A proposal in this regard now awaits approval from the cab...

Wastes of sacrificial animals bring fortune for traders

Adnan Hossain Bhuiyan 2017-09-07 12:00:00

Wastes of sacrificial animals produced during Eid-ul-Azha have brought fortune for scavengers and seasonal traders as the entrepreneurs of the informal sector have been exporting tonnes of processed w...

500 bank branches now solar-powered

FE Online Report 2017-09-07 12:00:00

The number of bank branches powered by solar energy in the country reached 500 by the end of past fiscal year (FY17).   The latest report of the green banking, released by Bangladesh Bank last...

Minister to lay foundation of Patenga container terminal Friday

-- 2017-09-07 12:00:00

The foundation laying ceremony of the 600-metre-long Patenga container terminal will be held tomorrow (Friday), reports BSS.   Shipping Minister M Shahjahan Khan will formally lay the foundatio...

Oil steadies on strong demand

-- 2017-09-07 11:41:06

Oil prices held steady on Thursday, supported by rising demand from the United States where Gulf Coast refineries are restarting in the wake of Hurricane Harvey.   But three more hurricanes in...

Jaguar joins electric car race

BBC 2017-09-07 04:12:34

Every new Jaguar Land Rover (JLR) vehicle line launched from 2020 will be electric or hybrid, the company announced on Thursday.   The carmaker said that the first of the new models would be a...

Ministry wants tax break for PDB

-- 2017-09-07 02:54:53

The state-run Power Development Board or PDB needs a tax break to import oil for its power plants like private producers, says the state minister for power.   A tax break will save as much as T...

US crude rises on returning refineries, gasoline slumps to pre-Harvey levels

-- 2017-09-06 12:30:45

Steam is emitted from a oil refinery in Sodegaura, Japan. — Reuters SINGAPORE, Sept 5 (Reuters): US oil prices rose on Tuesday as the gradual restart of refineries in the Gulf of Mexico that we...

EU approves insolvent Air Berlin’s 150m euro lifeline

-- 2017-09-06 12:29:50

FRANKFURT, Sept 5 (Reuters): The European Commission (EC) on Monday approved a German bridging loan for Air Berlin that will keep the insolvent airline's planes flying while it tries to find buyers fo...

ECB replaces DPRK in euro zone bond market spotlight

-- 2017-09-06 12:26:16

LONDON, Sept 5 (Reuters): Euro zone government bond yields were little changed on Tuesday as attention shifted from tensions over North Korea to an approaching European Central Bank (ECB) meeting that...

APSCL seeks to build power plant at Pyra

FHM Humayan Kabir 2017-09-06 12:00:00

The Ashuganj Power Station Company Limited (APSCL) will build a 1320-megawatt (MW) capacity coal-fired power plant at Pyra port area as it will start developing land this year for the project, officia...

Price slump creates supply crunch of rawhide

Yasir Wardad 2017-09-06 12:00:00

A price slump has created a crisis of rawhide supply to country's leather industry this high season as traders are reluctant to sell the sacrificial animal skins to avert losses.    Source...

0.16m motorcycles registered in 7-month

FE Online Report 2017-09-06 12:00:00

Some 0.16 million new motorcycles got registration in the country on January-July period of the current calendar year (2017).   Statistics available with Bangladesh Road Transport Authority (...

Businesses struggle to access sufficient credit: ADB

-- 2017-09-06 12:00:00

Businesses of all sizes continue to struggle to access sufficient credit, resulting in a global trade finance gap of $1.5 trillion in 2016, according to an Asian Development Bank (ADB) brief released...

Oil slips as crude demand dips

Reuters 2017-09-06 10:55:09

Global oil prices slipped on Wednesday as crude demand remained subdued on the back of refinery closures following Hurricane Harvey which hit the US Gulf coast 10 days ago.   Market focus was a...

Thailand joins the Madrid System

FE Online Report 2017-09-06 03:53:14

Thailand becomes the 99th member of the International Trademark System, also known as Madrid System, according to a press statement of   the World Intellectual Property Organisation (WIPO)....

Dollar slips on N Korea jitters

-- 2017-09-06 02:33:05

The dollar slipped against the yen on Wednesday, pushing back towards last week’s 4-1/2-month low on worries over North Korea’s nuclear ambitions.   The euro was 0.1 per cent weaker...

Plea to raise intra-BRICS trade, investment ratio

From Jubair Hasan in Xiamen, China 2017-09-05 12:49:02

The 9th edition of BRICS Summit started in the southeastern Chinese city of Xiamen on Sunday with a call for increasing intra-BRICS trade and investment ratio which the leaders say 'still remains unta...

Ctg port records all-time high container handling

Pankaj Dastider 2017-09-05 12:00:00

The Chittagong port handled a record volume of containers -- 2,30,725 TEUs -- in August, which surpassed the previous record made in March this year.   The country's prime maritime port has br...

Govt retakes eight mills as private operators fail

Monira Munni 2017-09-05 12:00:00

The government has taken back eight jute and textiles mills from their private entrepreneurs as the latter breached the major terms and conditions of privatisation, officials said. Failure to creat...

Consumers shifting to non-cash shopping, slowly

FE Online Report 2017-09-05 12:00:00

Consumers in the country are slowing adopting non-cash means of shopping.   The trend is reflected in the growing transactions through the point-of-sale (POS) machines.   Latest statisti...

Dhaka sees over 12,000 new private cars in 7 months

FE Online Report 2017-09-05 12:00:00

    Dhaka city saw over 12,000 new private cars in the first seven months of the current calendar year.   The latest statistics of Bangladesh Road Transport Authority (BRTA) showed...

Prices of rawhide, skins fall sharply this year

 Jasim Uddin Haroon and Talha Bin Habib 2017-09-05 09:54:23

The prices of rawhide and skins have dropped significantly this year as a section of tanners and traders were reluctant to raise its prices.   Many believe the government's announcement on keep...

Only 2.12pc accounts have internet banking facilities  

FE Online Report 2017-09-05 02:45:38

Only 2.12 per cent bank accounts in the country have internet banking facilities so far, according to the latest statistics of the central bank.   It showed that the number of total bank accou...

Outward EFTN posts 17pc growth in FY17

FE Online Report 2017-09-04 12:00:00

Outward electronic fund transfer or EFTN stood at Tk 1063.92 billion during the past fiscal year (FY17), according to the latest statistics of the central bank.   The amount was Tk 909.53 bill...

Oil markets volatile in wake of Harvey

Reuters 2017-09-04 12:00:00

Oil markets were volatile on Monday, with US crude rising on production shutdowns while international Brent was pulled down by a flight into gold futures following a powerful North Korean nuclear test...

Service trade crosses $10 billion mark in FY17

FE Online Report 2017-09-04 12:00:00

The country’s trade in service with the rest of the world crossed the $10 billion level in the past fiscal year (FY17).   Latest statistics of the central bank showed that total value of...

UN body endorses ICC Rules for Forfating

FE Online Report 2017-09-04 11:23:22

The United Nations Commission on International Trade Law (UNCITRAL) has endorsed the International Chamber of Commerce (ICC) Uniform Rules for Forfaiting.   The rules are complied in the ICC Pu...

Tyremaker Pirelli to sell 40pc stake in Milan mkt comeback

-- 2017-09-04 08:42:06

MILAN, Sept 4 (Reuters): Italian tyremaker Pirelli, bought by state-owned China National Chemical two years ago, will sell up to 40 per cent of its capital in an initial public offering as it plans to...