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Search results for: trade

Uber’s Mideast business Careem witnesses quicker-than-expected recovery

Uber’s Mideast business Careem witnesses quicker-than-expected recovery

-- 2020-09-24 15:33:24

Uber Technologies Inc-owned Middle East business Careem is seeing its ride service recover more quickly than expected from the coronavirus crisis, while its delivery business is larger than before the...

TikTok deal thrown into disarray

TikTok deal thrown into disarray

-- 2020-09-24 14:47:10

As China's ByteDance raced to seal a deal with Oracle Corp and Walmart to keep its video-sharing app TikTok operational in the United States, an apparent breakthrough came last Wednesday in a phone ca...

Taiwan offers support as chipmakers get caught in China-US trade war

Taiwan offers support as chipmakers get caught in China-US trade war

REUTERS 2020-09-24 12:01:18

Taiwan President Tsai Ing-wen promised on Thursday to help the island’s key semiconductor industry overcome difficulties and consolidate its leading position, offering support to a sector increa...

Rice prices up again

Rice prices up again

YASIR WARDAD 2020-09-24 09:56:12

Prices of rice increased further in major wholesale markets across the country in the last few days after remaining almost static for three weeks. The hike in the wholesale level is likely to impact...

NBR moves to ease return filing

NBR moves to ease return filing

DOULOT AKTER MALA 2020-09-24 09:39:20

The National Board of Revenue (NBR) has asked its field offices to issue tax acknowledgement slips immediately after submission of returns by the taxpayers. The income tax wing of the board issued ei...

Tanners buy all unsold rawhide from seasonal Ctg traders

Tanners buy all unsold rawhide from seasonal Ctg traders

OUR CORRESPONDENT 2020-09-24 09:39:12

CHATTOGRAM: The seasonal traders who collected raw hides here at low prices during Eid-ul-Azha last month, sold their unsold 0.1 million pieces of hides last week, finally getting rid of a large qua...

Matarbari port development: Bangladesh assigns two Japanese firms

Matarbari port development: Bangladesh assigns two Japanese firms

FE REPORT 2020-09-24 09:33:12

Bangladesh signed on Wednesday agreements with two Japanese consultancy firms for developing Matarbari port at Moheshkhali sub-district in Cox's Bazar. As per the deals, the government will pay Tk...

Global merchandise trade drops by 14.30pc in Q2: WTO

Global merchandise trade drops by 14.30pc in Q2: WTO

FE Online Report 2020-09-23 21:25:56

The volume of global merchandise trade dropped by 14.30 per cent in the second quarter of the current year due to Covid-19, according to the World Trade Organization (WTO). Merchandise trade is measu...

BPC cancels fuel import tender

BPC cancels fuel import tender

FE ONLINE REPORT 2020-09-23 17:44:16

State-run Bangladesh Petroleum Corporation (BPC) has cancelled the tender it had floated to import around 1.25 million tonne of refined petroleum products during January to June 2021. The BPC was eye...

Migrant workers lay siege to Dhaka streets, demanding Saudi visa, iqama

Migrant workers lay siege to Dhaka streets, demanding Saudi visa, iqama

FE Online Report 2020-09-23 13:52:11

A group of desperate migrant workers demonstrated in front of the Expatriates’ Welfare and Overseas Employment Ministry in Dhaka city on Wednesday. They demand extension of Saudi visas and vali...

Nike considering permanent shift to online sales

Nike considering permanent shift to online sales

-- 2020-09-23 11:38:31

Sportswear firm Nike has seen a huge rise in online sales as it bounces back from a coronavirus slump. The US company saw digital sales rocket 82 per cent during the June to August quarter, offsettin...

Frame comprehensive logistics policy to boost cross-border trade: Experts

Frame comprehensive logistics policy to boost cross-border trade: Experts

FE REPORT 2020-09-23 11:28:27

Experts at a webinar on Tuesday stressed the need for framing a comprehensive national logistics policy coupled with a dedicated authority to help facilitate cross-border trade. Besides establishment...

LC stations in Sunamganj-Meghalaya frontier incur Tk 120m loss in revenue

LC stations in Sunamganj-Meghalaya frontier incur Tk 120m loss in revenue

OUR CORRESPONDENT 2020-09-23 10:31:35

The government has incurred about Tk 120 million loss in customs revenue due to the suspension of trade through three Land Customs (LC) Stations in Sunamganj district frontiers due to Coronavirus pand...

Container vessel remains stuck in S'pore mid-sea

Container vessel remains stuck in S'pore mid-sea

SYFUL ISLAM 2020-09-23 09:42:50

A vessel carrying nearly 1,000 containers, stuffed with Bangladeshi export goods, remained stuck in the mid-sea for days as the Singapore port authority did not permit it for berthing after a crewme...

Land acquisition to eat up half of project costs

Land acquisition to eat up half of project costs

FHM HUMAYAN KABIR 2020-09-23 09:36:35

Roads and Highways Department (RHD) has proposed spending Tk 1.2 million for installing traffic signs & signals on each kilometre of road for a regional highway widening project in Jamalpur, insid...

BRAC Bank, USAID Feed the Future RDC Activity extend support to the farmers

BRAC Bank, USAID Feed the Future RDC Activity extend support to the farmers

FE Online Desk 2020-09-22 22:47:43

BRAC Bank and the United States Agency for International Development (USAID) Feed the Future (FtF) Bangladesh Rice and Diversified Crops (RDC) Activity have entered into a partnership to support...

DCCI stresses diverse logistic infrastructures to boost trade competitiveness

DCCI stresses diverse logistic infrastructures to boost trade competitiveness

FE Online Report 2020-09-22 17:41:37

Development of adequate, diverse logistics infrastructure including ports, multimodal sub-regional transport connectivity is important to improve our trade competitiveness and secure low-cost trade po...

Emirates collaborates with Huawei to expand reach in Chinese market

Emirates collaborates with Huawei to expand reach in Chinese market

FE Online Desk 2020-09-22 15:12:48

Emirates has enhanced collaboration with Huawei, one of the world’s top smartphone brands, to promote the Emirates app to Huawei phone users. Since January 2020, Emirates passengers have been d...

Number of registered auto-rickshaws nearly triples in a decade

Number of registered auto-rickshaws nearly triples in a decade

FE ONLINE REPORT 2020-09-22 14:09:14

The number of registered auto-rickshaws in the country nearly tripled over the past decade, thanks to people’s growing purchasing power as well as the soaring economy, according to official data...

Intel gets US licence to supply some products to Huawei

Intel gets US licence to supply some products to Huawei

Reuters 2020-09-22 11:56:27

Intel Corp has received a licence from US authorities to continue supplying certain products to Huawei Technologies, a company spokesman said on Tuesday. This week the state-backed China Securit...

Onion price: Govt sends monitoring teams to seven dists, three ports

Onion price: Govt sends monitoring teams to seven dists, three ports

FE REPORT 2020-09-22 09:48:42

The government has sent six teams to seven districts and three land-ports of the country to monitor the price of onion, its stock, supply, import and production there, officials said. The Ministry of...

BRT project in slow lane

BRT project in slow lane

Munima Sultana 2020-09-22 09:32:09

Execution of a modern road transport project, designed to ease traffic movement between Gazipur and Hazrat Shahjalal International Airport (HSIA), within the deadline---December 2022--- is highly unli...

Govt plans to import of 4.98m MT petroleum in 2021

Govt plans to import of 4.98m MT petroleum in 2021

-- 2020-09-21 20:10:52

The government plans to import 4.98 million metric tonnes (MT) of petroleum fuel in the 2021 calendar year. According to an official document of the Energy and Mineral Resources Ministry Division, ou...

BB relaxes foreign exchange transaction rules for onion traders

BB relaxes foreign exchange transaction rules for onion traders

-- 2020-09-21 19:29:45

Bangladesh Bank (BB) has relaxed the foreign exchange transactions rules for onion traders by allowing them to open Letters of Credit (LCs) for imports of spice on 90 days deferred or usance basis und...

LafargeHolcim signs net zero pledge with science-based targets

LafargeHolcim signs net zero pledge with science-based targets

FE Online Desk 2020-09-21 18:43:51

LafargeHolcim joins the Science Based Targets initiative (SBTi) “Business Ambition for 1.5°C,” becoming the first global building materials company to sign the pledge with intermediate...

$60b sought for TikTok's US deal

$60b sought for TikTok's US deal

-- 2020-09-21 11:02:11

China's ByteDance Ltd is seeking a valuation of $60 billion for TikTok as Oracle Corp and Walmart take stakes in the short-video app's business to address US security concerns, Reuters repor...

Online hiring of trucks earns popularity in Bangladesh

Online hiring of trucks earns popularity in Bangladesh

ISMAIL HOSSAIN 2020-09-21 10:31:00

Online marketplace for hiring trucks is becoming popular in Bangladesh, lowering trading costs and making business globally competitive as well, said industry insiders. Many mobile app-based new-gene...

Relocation of Kamalapur ICD stares at delay

Relocation of Kamalapur ICD stares at delay

-- 2020-09-21 09:59:33

The relocation of the ICD (Inland Container Depot) from the Kamalapur railway station in the city will be delayed because of a shift in the mode of financing for implementation of a project to this en...

NBR set to launch VAT e-payment next month

NBR set to launch VAT e-payment next month

DOULOT AKTER MALA 2020-09-21 09:41:24

The National Board of Revenue (NBR) is set to introduce a VAT payment system next month that would allow the taxpayers to use their debit and credit cards of 27 commercial banks. The VAT Online Proje...

ICSB for a Shariah Board in BB

ICSB for a Shariah Board in BB

FE Online Desk 2020-09-20 21:48:46

Institute of Chartered Secretaries of Bangladesh (ICSB) organized a webinar on "Islamic Banking and Financing- an emerging need of promoting corporate governance in the banking sector” on Saturd...