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Search results for: trade

Walmart’s Japan unit finally delivers with online grocery growth

Walmart’s Japan unit finally delivers with online grocery growth

-- 2020-02-20 13:55:14

Walmart Inc might finally have found the sweet spot in Japan’s food market with a fast-growing venture ranked third in a nascent online grocery sector, as the brick-and-mortar stores it bought i...

BTRC plans to install NEIR system by July

BTRC plans to install NEIR system by July

Ismail Hossain 2020-02-20 10:35:44

The Bangladesh Telecommunication Regulatory Commission (BTRC) is planning to complete installation of National Equipment Identity Register (NEIR), a system meant to check use of fake handsets, by th...

Legal migration has its peril

Legal migration has its peril

ARAFAT ARA 2020-02-20 10:34:28

At least 70 Bangladeshi workers have been staying in Malaysia without jobs in last five months, though they moved to the Southeast Asian country legally, people familiar with the situation said. Uniq...

VAT intel team looking into 'director's remuneration'

VAT intel team looking into 'director's remuneration'

DOULOT AKTER MALA 2020-02-20 10:13:04

The issue of 'director's remuneration' has come under the scanners of the VAT intelligence team as it found shareholders and owners of many companies are showing it as salary to enjoy VAT exemption....

US-Norwegian JV to launch offshore survey this year

US-Norwegian JV to launch offshore survey this year

M AZIZUR RAHMAN 2020-02-20 10:08:51

State-run Petrobangla has planned to initiate offshore survey this year as the required scrutiny for signing the final deal with the relevant contractor is complete. "We are expecting to initiate t...

Coronavirus: BGMEA seeks policy steps to face challenges

Coronavirus: BGMEA seeks policy steps to face challenges

MONIRA MUNNI 2020-02-20 09:54:27

Stakeholders in the country's apparel sector, which is largely dependent on China for supply of garment raw materials, have sought precautionary policy measures and other facilities to help face the c...

Qatar Airways ups holding in BA-owner  IAG to 25.1pc with new $600m stake

Qatar Airways ups holding in BA-owner IAG to 25.1pc with new $600m stake

-- 2020-02-20 01:04:05

Qatar Airways has bought a $600 million stake in British Airways-owner IAG to increase its holding to 25.1 per cent, advancing its strategy of building a global portfolio of airline investments, repor...

BTRC rejects GP's Tk 1.0b offer

BTRC rejects GP's Tk 1.0b offer

-- 2020-02-19 20:47:13

Bangladesh Telecommunication Regulatory Commission (BTRC) has rejected an offer made by private mobile operator Grameenphone (GP) to deposit Tk 1.0 billion (Tk 100 crore) dues. GP’s Head of Reg...

Boeing finds debris in 737 Max jetliners

Boeing finds debris in 737 Max jetliners

-- 2020-02-19 17:39:32

Boeing's crisis-hit 737 Max jetliner faces a new potential safety issue as the company found debris in the fuel tanks of several new planes, according to an internal memo. Foreign object debris, an i...

Govt goes tough against illegal mobile handsets

Govt goes tough against illegal mobile handsets

-- 2020-02-19 17:16:50

In a bid to rein in mobile phones imported illegally, the government has initiated a move to set up a national equipment identity register (NEIR), reports IANS. As part of the move, Bangladesh Teleco...

Brexit pushes growing number of businesses to Netherlands

Brexit pushes growing number of businesses to Netherlands

-- 2020-02-19 17:13:41

Ongoing uncertainty about the effects of Brexit is pushing an increasing number of foreign companies to set up offices in the Netherlands, the Dutch government said on Wednesday. Since the 2016 refer...

BB, BSEC yet to release annual reports for FY19

BB, BSEC yet to release annual reports for FY19

FE Online Report 2020-02-19 14:45:54

More than seven months have passed since the past fiscal year, two key regulators of the country’s financial market are yet to release their annual reports for fiscal year 2018-19 (FY19). Both...

Japan's Mitsui looking to explore two onshore blocks

Japan's Mitsui looking to explore two onshore blocks

M AZIZUR RAHMAN 2020-02-19 13:11:56

Japanese hydrocarbon exploration company, Mitsui, intends to explore Bangladesh's onshore blocks 8 and 11 under a joint venture with state-run Bapex or Bangladesh Petroleum Exploration and Production...

Farm credit disbursement grows by 8.0pc in Jul-Jan

Farm credit disbursement grows by 8.0pc in Jul-Jan

Siddique Islam 2020-02-19 12:56:05

Farm credit disbursement grew by more than 8.0 per cent in the first seven months of the current fiscal year (FY) 2019-20 as the demand for such loan is picking up gradually due to seasonal effects....

Maize harvest fourfold now

Maize harvest fourfold now

Yasir Wardad 2020-02-19 10:38:55

The country's maize production has quadrupled just in a decade amid its rising demand propelled by a booming commercial animal feed industry, said sector insiders. The output of the corn rose to 3.5...

Move to cut import duties on sugar

Move to cut import duties on sugar

REZAUL KARIM 2020-02-19 10:35:34

The government is likely to reduce import duties on sugar in order to ensure enough supply and stable prices of the commodity, especially during the upcoming Ramadan, sources said. To this end, the...

No seal needed for company registration  

No seal needed for company registration  

-- 2020-02-18 20:38:34

Parliament on Tuesday passed the Companies (Amendment) Bill 2020, dropping a provision of having a seal for getting a company registered, which will in turn help Bangladesh improve the ease of doing b...

Number of ATM booth reaches 10,924

Number of ATM booth reaches 10,924

FE Online Report 2020-02-18 13:49:45

Total number of automated teller machine (ATM) booths in the country reached 10,924 at the end of December last year. The number was 10,280 at the end of 2018, according to the latest statistics rele...

BIHA members meet Finance Minister

BIHA members meet Finance Minister

FE Online Desk 2020-02-18 13:06:35

Bangladesh International Hotel Association (BIHA) members held a meeting with Finance Minister Mr. AHM Mustsafa Kamal, MP on Monday at his office and discussed various matters relating to hospitality...

NCC Bank workshop on 'Prevention of Money Laundering & CFT'

NCC Bank workshop on 'Prevention of Money Laundering & CFT'

FE Online Desk 2020-02-18 12:38:42

A day-long workshop on "Prevention of Money Laundering & Combating the Financing of Terrorism" was held at World Trade Center, Agrabad, Chattogram recently. A.K.M. Mohiuddin Azad, Executive Direc...

Apple warns coronavirus will hurt iPhones supplies

Apple warns coronavirus will hurt iPhones supplies

-- 2020-02-18 12:12:39

Apple has warned that disruption in China from the coronavirus will mean revenues falling short of forecasts. The tech giant said production and sales were affected, and that "worldwide iPhone supply...

India's annual coal power output falls for first time in a decade

India's annual coal power output falls for first time in a decade

REUTERS 2020-02-18 12:08:20

India’s annual electricity generation from coal-fired utilities fell in 2019 for the first time in a decade, government data showed, amid a broader economic slowdown and increased use of renewab...

HSBC sees annual profit slump by 33 per cent

HSBC sees annual profit slump by 33 per cent

-- 2020-02-18 12:04:22

HSBC has said its profits for 2019 fell by 33 per cent, mainly due to its investment and commercial banking operations in Europe. The bank, which makes the bulk of its revenue in Asia, reported annua...

US mulls cutting Huawei off from global chip suppliers, with TSMC in crosshairs

US mulls cutting Huawei off from global chip suppliers, with TSMC in crosshairs

REUTERS 2020-02-18 11:28:53

The Trump administration is considering changing US regulations to allow it to block shipments of chips to Huawei Technologies from companies such as Taiwan’s TSMC, the world’s largest con...

Eastern Cables incurs loss for first time in its history

Eastern Cables incurs loss for first time in its history

Jubair Hasan 2020-02-18 10:30:55

Eastern Cables Limited has incurred a loss of Tk 122 million in fiscal year (FY) 2018-19 for the first time since starting its operation in 1971, officials said. The company suffered the loss also si...

Coronavirus: BD mission fears serious impact on Dhaka-Beijing trade

Coronavirus: BD mission fears serious impact on Dhaka-Beijing trade

SYFUL ISLAM 2020-02-18 10:28:26

Bangladesh mission in China has expressed the fear that export-import trade between Dhaka and Beijing may face a major setback due to the outbreak of the coronavirus. The outbreak of the coronavirus...

ERD finds poor progress in VAT online project

ERD finds poor progress in VAT online project

Doulot Akter Mala 2020-02-18 10:24:29

The Economic Relations Division (ERD) has found poor implementation of the Disbursement Linked Results (DLR) on major components of the VAT Online Project (VOP) that may affect getting its remaining...

Troubled loans slump in Q4

Troubled loans slump in Q4

Siddique Islam 2020-02-18 09:59:06

The amount of troubled loans in the banking system dived in the fourth quarter of 2019, aided by the special facilities central bank offered to defaulters. The non-performing loans, or NPLs, shrank b...

EBL signs agreement with Travel Art

EBL signs agreement with Travel Art

-- 2020-02-17 22:19:23

Eastern Bank Ltd (EBL) and Travel Art, a sister concern of Dear Life BD Tours and Travel Limited, signed a customer benefit agreement in Dhaka recently. Under the deal, EBL cardholders will enjoy add...

International incoming voice call rate Tk 0.51 per minute

International incoming voice call rate Tk 0.51 per minute

FE REPORT 2020-02-17 19:19:03

The telecom regulator has slashed the international incoming voice call rate by 66 per cent to only US$ 0.006 or Tk 0.51 per minute due to drastic fall in earnings from the segment in recent years. E...