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Search results for: trade

Govt approves Tk 5.80t road sector projects in 10 years

Govt approves Tk 5.80t road sector projects in 10 years

FHM HUMAYAN KABIR 2019-12-28 10:17:55

The incumbent government has approved a staggering 450 road development projects at Tk 5.80 trillion in the past 10 and a half years, officials said. But experts say this massive financing has failed...

Foreign trade: E-tracking of containers to be mandatory

Foreign trade: E-tracking of containers to be mandatory

JUBAIR HASAN 2019-12-28 10:01:25

Tax authority is set to make installation of e-tracking technology mandatory for containers with export-import goods, officials said. To ensure cargo security and tax evasion, the National Board of...

Oil hits three-month highs on upbeat US and Chinese economic data

Oil hits three-month highs on upbeat US and Chinese economic data

-- 2019-12-27 22:08:52

Oil prices rose on Friday, hitting three-month highs, as upbeat economic data from China and the United States indicated an end to the trade war between Washington and Beijing has restored confidence...

Recession, robots and rockets: Another roaring 20s for world markets?

Recession, robots and rockets: Another roaring 20s for world markets?

Reuters 2019-12-27 17:26:59

Helicopter cash, climate crises, smart cities and the space economy — investors have all those possibilities ahead as they enter the third decade of the 21st century. They go into the new decad...

Mandatory standards soon for import of solar power equipment

Mandatory standards soon for import of solar power equipment

SM NAJMUS SAKIB 2019-12-27 14:27:47

The government has taken move to set mandatory standards for imports of solar power equipment with an aim to further expansion of the local industry with quality products. Currently the country's sol...

Cellular data users:  Telcos lose 0.5m in Nov alone

Cellular data users: Telcos lose 0.5m in Nov alone

ISMAIL HOSSAIN 2019-12-27 11:20:57

The country's mobile operators lost an estimated 0.5-million internet users in November alone, thanks to the telecoms regulator's restrictions on network expansion, industry insiders said. The numb...

Edible oil prices up by Tk 6-10 per litre

Edible oil prices up by Tk 6-10 per litre

FE Report 2019-12-27 10:41:06

Edible oil prices increased notably last week affecting the consumers further. But onion prices declined while fish, indigenous and sonali (Pakistani) chicken, farm egg prices rose during the period....

Train ticket blocking system goes

Train ticket blocking system goes

MUNIMA SULTANA 2019-12-27 10:20:05

The Bangladesh Railway (BR) has decided to sell all train tickets to general passengers, withdrawing its previous blocking system which was mainly practised at Dhaka and Chattogram stations for influe...

Dollar sales on to stabilise forex market

Dollar sales on to stabilise forex market

FE REPORT 2019-12-27 10:11:17

The central bank on Thursday further extended foreign exchange support to banks by selling US dollars to keep the market stable, officials said. As part of the move, the Bangladesh Bank sold US$8.0 m...

Oil hits highest since Sept on trade hopes, OPEC cuts

Oil hits highest since Sept on trade hopes, OPEC cuts

-- 2019-12-27 00:20:05

 Oil rose further above $67 a barrel to its highest in over three months on Thursday, buoyed by a report showing lower US crude inventories, by hopes of an end to the China-US trade dispute and O...

Seven companies sign MoU to offer special benefits

Seven companies sign MoU to offer special benefits

FE ONLINE REPORT 2019-12-26 19:58:50

A Memorandum of Understanding (MoU) was signed among Toma Properties, Akhtar Furnishers, Elite Paint, Samsung, Mantissa Design & Consultant, Toma LPG Gas Company and IPDC Finance, aimed at offerin...

BPO sector needs plan, skilled human resource

BPO sector needs plan, skilled human resource

Saif Uddin 2019-12-26 10:54:33

A distinct lack of skilled human resources and a long-term plan, and limited country branding pose a challenge to the potential business process outsourcing (BPO) sector in Bangladesh. Introducing a...

RMG exporters face costly air shipment, discount on bills

RMG exporters face costly air shipment, discount on bills

FE REPORT 2019-12-26 10:44:55

The country's textile and clothing exporters are allegedly facing delays in releasing the imported raw materials from the Chattogram Customs House (CCH) by up to 46 days on different excuses. As a...

Exploratory well: Drilling delayed on payment row

Exploratory well: Drilling delayed on payment row

M AZIZUR RAHMAN 2019-12-26 10:17:48

Dispute over advance income tax (AIT) on drilling equipment and demurrage payment has been causing a delay in initiating the drilling of an exploratory well in a shallow sea block. India's ONGC Vides...

IMF to back Ethiopia's economic reform initiative

IMF to back Ethiopia's economic reform initiative

-- 2019-12-25 22:38:07

The International Monetary Fund (IMF) on Tuesday expressed its support to Ethiopia's ongoing economic reform initiative that aimed to eliminate macroeconomic imbalances and lay the foundation for sust...

China rare earth magnet exports to  US slide by a fifth in November

China rare earth magnet exports to US slide by a fifth in November

-- 2019-12-25 22:37:10

China's exports of rare earth magnets to the United States fell 21.2 per cent month-on-month, customs data showed on Wednesday, as improving trade relations between the two countries reduced demand fo...

Secondary trading of treasury bills, bonds doubles in Jan-Nov

Secondary trading of treasury bills, bonds doubles in Jan-Nov

FE Online Report 2019-12-25 18:07:48

Secondary trading of fixed income government securities doubled in first 11 months of the current calendar year, according to the central bank statistics. It showed that the total value of the second...

Teletalk awaits 'big revamp' under Tk 30b project

Teletalk awaits 'big revamp' under Tk 30b project

UNB 2019-12-25 16:35:43

State-owned mobile phone operator Teletalk, which is still lagging behind compared to its private sector rivals in providing services, has taken  a mega project involving around Tk 30.00 billion,...

Emirates Airline president Clark to retire in June 2020

Emirates Airline president Clark to retire in June 2020

-- 2019-12-25 15:37:50

Tim Clark will retire as the president of Emirates Airline at the end of June 2020 after more than three decades at the state-controlled business that has helped to transform Dubai into one of the wor...

MTB opens 118th branch

MTB opens 118th branch

FE Online Desk 2019-12-25 14:06:10

  Mutual Trust Bank Limited (MTB) has recently inaugurated its 118th branch at Ghior, Manikganj. Tarek Reaz Khan, Deputy Managing Director, Mutual Trust Bank Limited (MTB), inaugurated the branc...

ACI Formulations  approves 35pc cash dividend

ACI Formulations approves 35pc cash dividend

FE Online Desk 2019-12-25 14:01:27

The 23rd Annual General Meeting of ACI Formulations Limited was held recently at Officers Club, 26 Baily Road, Dhaka. M. Anis Ud Dowla, Chairman of the Company presided over the meeting. The Financi...

Primary issuance of treasury bills, bonds jumps in nine months

Primary issuance of treasury bills, bonds jumps in nine months

FE Online Report 2019-12-25 13:59:03

Primary issuance of the government’s short-term and long-term tradable debt securities increased significantly in the first nine months of the current calendar year. Bangladesh Bank statistics...

Biman’s new Dreamliner arrives

Biman’s new Dreamliner arrives

-- 2019-12-25 11:28:16

Biman Bangladesh Airlines’ second Boeing 787-9 Dreamliner ‘Achin Pakhi’ has arrived in Dhaka. It landed at Dhaka’s Shahjalal International Airport at 8:19pm on Tuesday. The a...

Nissan top executive Seki to quit in blow to turnaround plan

Nissan top executive Seki to quit in blow to turnaround plan

-- 2019-12-25 10:46:50

The executive tasked with leading a recovery at Nissan Motor Co Ltd said he had decided to resign just weeks into his new job, a move that could disrupt the automaker’s push to turn the corner o...

Shops set to get e-devices from next month

Shops set to get e-devices from next month

FE Report 2019-12-25 10:33:26

National Board of Revenue (NBR) has planned to start installation of electronic fiscal devices (EFDs) at shops from early next month, its chairman Md Mosharraf Hossain Bhuiyan said on Tuesday. Such...

Heavy fog affects Robi crops

Heavy fog affects Robi crops

FE REPORT 2019-12-25 10:31:54

Extended foggy weather, which has arrived much earlier this year, is severely affecting seasonal Robi crop farming, putting farmers in peril. The farmers, now taking care of seed-beds for transplante...

New inland container terminal in Narayanganj

New inland container terminal in Narayanganj

FE REPORT 2019-12-25 10:30:22

The government will build an inland container and bulk terminal at Khanpur in Narayanganj at a cost of Tk 3.92 billion as the Executive Committee of the National Economic Council (ECNEC) approved a pr...

Problems arise, as RHD cannot work freely

Problems arise, as RHD cannot work freely

FE REPORT 2019-12-25 09:46:22

In defence of allegations against the Roads and Highways Department (RHD), raised by the two ministers recently, engineers of the agency said the road-related problems take place, as they cannot work...

Uber founder Kalanick leaves board of directors

Uber founder Kalanick leaves board of directors

Reuters 2019-12-24 20:28:34

Uber Technologies Inc on Tuesday said its founder and former CEO Travis Kalanick will resign from the company’s board of directors by the end of the year. “Very few entrepreneurs have bui...

Mobile phone subscribers now stand at 164.83m

Mobile phone subscribers now stand at 164.83m

FE Online Report 2019-12-24 18:16:09

The total number of mobile phone subscribers has reached 164.83 million as of November 2019. There were 157.54 million subscribers as of the end of January 2019, according to Bangladesh Telecommunica...