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Search results for: trade

Spillover of fuel oil price hike hits consumers hard

Spillover of fuel oil price hike hits consumers hard

YASIR WARDAD 2022-08-08 09:22:14

The consumers have already started feeling the pinch of a spillover of the fuel price hike into daily essential commodities. The prices of rice, vegetables, fish, meat, fruits and a few other key ess...

Fuel tariff hikes: Additional Tk 15b govt revenue being reckoned

Fuel tariff hikes: Additional Tk 15b govt revenue being reckoned

DOULOT AKTER MALA 2022-08-08 08:29:54

Fuel-price hike would earn government an additional Tk 15 billion in revenue in the current fiscal year as one of the spinoffs, according to an official reckoning. The revenue is estimated to be gene...

HSBC approves Tk 6.12b social loan for BRAC

HSBC approves Tk 6.12b social loan for BRAC

-- 2022-08-07 19:46:31

The Hongkong and Shanghai Banking Corporation (HSBC) in Bangladesh facilitated social loan financing for BRAC in a programme recently. Under the agreement, BRAC will receive Tk 6.12 billion in financ...

Businesses agree to day-off rotation plan for industrial belts amid energy crisis

Businesses agree to day-off rotation plan for industrial belts amid energy crisis

-- 2022-08-07 16:40:44

Businesses have agreed in principle to a proposal from the Bangladesh government for a rotating day-off scheme for industrial belts in order to reduce the frequency and length of power cuts. Nasrul H...

99pc Bangladeshi products to get duty-free access to China

99pc Bangladeshi products to get duty-free access to China

FE REPORT 2022-08-07 12:26:40

China announced to raise duty-free access to 99 per cent Bangladeshi products with effect from September 1 this year. The announcement came during the bilateral meeting between China and Bangladesh o...

More private sector role in Delta Plan imperative, speakers tell FBCCI seminar

More private sector role in Delta Plan imperative, speakers tell FBCCI seminar

FE REPORT 2022-08-07 10:29:48

Speakers at a programme in the city on Saturday stressed the need for ensuring more involvement of the private sector in the Delta Plan-2100 for sustainable achievement. They observed that Delta Plan...

Aman value chain takes a hit from oil price hikes

Aman value chain takes a hit from oil price hikes

YASIR WARDAD 2022-08-07 08:27:51

The latest hike in fuels, including diesel, deals a double blow to farmers after urea this peak Aman season that comprises 37-38 per cent of the total rice supply. A 42-per cent hike in diesel pric...

FTA/PTA move runs at snail's pace!

FTA/PTA move runs at snail's pace!

REZAUL KARIM 2022-08-07 08:25:15

A much-needed move to sign FTAs/PTAs with potential countries and economic blocs apparently lacks pace, thereby holding back the inking of the deals due to a lukewarm response. Although the governmen...

Cross-checking to be difficult for absence of their offices here

Cross-checking to be difficult for absence of their offices here

DOULOT AKTER MALA 2022-08-07 08:22:09

The VAT officials would have to face difficulties in cross-checking the financial details furnished in the VAT (Value Added Tax) returns filed by the global technology giants as the companies do not h...

RMG sector may face fresh blow

RMG sector may face fresh blow

FE REPORT 2022-08-07 08:15:02

The readymade garment (RMG) and its associated industries, including accessories makers, are set to face a fresh blow due to the latest price hike of fuel oils. The hike came at a time when the cou...

Fuel price hike will negatively impact RMG export growth: BGMEA President

Fuel price hike will negatively impact RMG export growth: BGMEA President

-- 2022-08-06 19:19:02

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) expressed concern over the hike in fuel price saying it will have an impact on export growth. BGMEA President Faruque Hassan told UN...

Chickens, vegs, fruits get dearer, rice price rises at the wholesales

Chickens, vegs, fruits get dearer, rice price rises at the wholesales

FE REPORT 2022-08-06 10:39:44

Prices of chickens, chilli, and all kinds of fruits and vegetables witnessed a notable increase last week, raising suffering of the consumers already hit hard by the price hike of other essentials. R...

Reconditioned car imports may drop

Reconditioned car imports may drop

ADNAN HOSSAIN BHUIYAN 2022-08-06 09:12:40

Reconditioned car imports may see a downturn following the opening of LCs (letters of credit) has been in decline, thanks to the government's contractionary measures to save foreign-currency reserves....

'Govt giving priority to sending skilled workers abroad'

'Govt giving priority to sending skilled workers abroad'

FE REPORT 2022-08-05 12:07:14

The government is giving priority to sending skilled workers abroad to help boost remittance inflow, said Expatriates' Welfare and Overseas Employment Minister Imran Ahmad on Thursday. He said there...

BTRC declares Edotco an SMP

BTRC declares Edotco an SMP

ISMAIL HOSSAIN 2022-08-05 11:11:22

The Bangladesh Telecommunication Regulatory Commission (BTRC) declared mobile tower company Edotco Bangladesh as a significant market power (SMP). The regulator also imposed some restrictions on Edot...

New co underway to issue single e-ticket

New co underway to issue single e-ticket

MUNIMA SULTANA 2022-08-05 10:41:15

A move has been made to form a new company to operate and issue single e-ticket for all mass transport as the metro rail is expected to roll this December. The government has already introduced rapid...

NRB engineers' footprint in US IT market grows

NRB engineers' footprint in US IT market grows

FE REPORT 2022-08-05 08:44:13

Non-resident Bangladeshi (NRB) engineers are consolidating their position with their professional skills and integrity in the US market to ensure a strong footing in the ever-growing global ICT se...

Industry, agriculture to get priority supply of electricity

Industry, agriculture to get priority supply of electricity

FE REPORT 2022-08-05 08:40:45

Despite having a limited scope, the government would try to ensure electricity supply to the industries and businesses that are facing setbacks due to the ongoing load-shedding across the country....

Govt further squeezes imports

Govt further squeezes imports

 DOULOT AKTER MALA 2022-08-05 08:10:41

Taxes on a slew of commodities are set to increase as the government further squeezes imports under crunch-time austerity to mitigate pressure on Bangladesh's foreign-exchange reserves. Officials...

Ten banks diagnosed as 'weak'

Ten banks diagnosed as 'weak'

FE REPORT 2022-08-05 08:02:52

Ten of Bangladesh's banks have been diagnosed 'weak' and remedial action is underway to protect 'depositors' interests', according to a declaration made Thursday. The central bank has decided their...

Walton honours 47 personalities, enterprises with Branding Heroes Award

Walton honours 47 personalities, enterprises with Branding Heroes Award

-- 2022-08-04 21:35:56

Electronics manufacturer Walton honoured 47 personalities and enterprises with the Branding Heroes Award in recognition of their outstanding contribution to raising sales growth through root-level cre...

Toyota's Q1 profit slides 42pc

Toyota's Q1 profit slides 42pc

-- 2022-08-04 20:02:11

Japan's Toyota Motor Corp on Thursday posted a worse-than-expected 42 per cent drop in first-quarter operating profit, as auto production was curbed by COVID-19 restrictions on factories in China and...

Bangladesh can bet big on its black tiger shrimp

Bangladesh can bet big on its black tiger shrimp

YASIR WARDAD 2022-08-04 11:01:02

Bangladesh's fisheries export, which mainly depends on shrimp industry, started witnessing a steady decline from the financial year 2013-14 with drastic fall in shipment which persisted until the FY'2...

FBCCI for regular trade exhibits to help boost local businesses

FBCCI for regular trade exhibits to help boost local businesses

FE REPORT 2022-08-04 10:31:02

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has stressed the need for holding regular trade exhibitions, in order to help local businesses flourish. The apex trade body cam...

India to use BD roads for nearly four months

India to use BD roads for nearly four months

MUNIMA SULTANA 2022-08-04 10:09:29

Bangladesh has allowed India to use a part of its road network in Sylhet region to facilitate transportation of liquefied petroleum gas (LPG) and petroleum oil (POL) between their two northeastern sta...

MMF conversion urgent as RMG value squeezes

MMF conversion urgent as RMG value squeezes

MONIRA MUNNI 2022-08-04 08:23:35

Bangladesh's main export industry cries for a transformation as value addition to traditional garments depreciated deeply from pre-pandemic levels mainly because of price rises of raw materials. Data...

HSBC to launch female entrepreneur fund in Bangladesh

HSBC to launch female entrepreneur fund in Bangladesh

-- 2022-08-03 19:08:33

HSBC will launch the ‘Female Entrepreneur Fund (FEF)’ in Bangladesh on Thursday in acknowledgement of the challenges that female-owned businesses face.  Female Entrepreneur Fund (FEF...

Bangla Trac Group Chairman Aminul Haque passes away

Bangla Trac Group Chairman Aminul Haque passes away

FE ONLINE DESK 2022-08-03 18:36:17

Bangla Trac Group Chairman Mohammad Aminul Haque passed away on Wednesday.   He was a former chairman of Prime Bank Limited and also the founder of Bangla Trac Group's establishments, says a med...

Khairul Alam Choudhury elected chairman of AB Bank

Khairul Alam Choudhury elected chairman of AB Bank

-- 2022-08-03 18:00:29

The board of directors of AB Bank Limited has elected Khairul Alam Choudhury as the bank’s chairman with effect from Wednesday (today). Mr Choudhury, Barrister-at-Law, joined AB Bank as a direc...

OPEC+ might have to raise oil output so market doesn't overheat, Kazakhstan says

OPEC+ might have to raise oil output so market doesn't overheat, Kazakhstan says

-- 2022-08-03 15:28:15

Displeased by US House Speaker Nancy Pelosi's visit to Taiwan, China on Wednesday announced to halt the exports of Natural sand to the island, CGTN News reported, citing the Chinese Ministry of Commer...