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Search results for: trade

Onion prices rise by Tk 40-50 a kg overnight

Onion prices rise by Tk 40-50 a kg overnight

FE Online Report 2019-09-30 14:07:46

Onion prices have shot up by Tk 40-50 a kg at retail overnight as the spice sold at Tk 100-130 a kg in different areas of Dhaka city on Monday morning, just a day after India banned export of the cook...

Fashion retailer Forever 21 files for bankruptcy

Fashion retailer Forever 21 files for bankruptcy

-- 2019-09-30 13:02:00

US-based fashion retailer Forever 21 filed for Chapter 11 bankruptcy on Sunday (local time) as it joined a growing list of brick-and-mortar players who have succumbed to the onslaught of e-commerce....

Govt shortlists 17 foreign cos for spot LNG

Govt shortlists 17 foreign cos for spot LNG

Reuters 2019-09-30 10:17:18

Bangladesh has shortlisted 17 international companies for its spot tender process as it plans to buy around 1 million tonnes of liquefied natural gas (LNG) next year to capitalise on lower prices for...

PMO for inclusion of more ports of call

PMO for inclusion of more ports of call

SYFUL ISLAM 2019-09-30 10:06:48

The Prime Minister's Office (PMO) has suggested addition of more ports of call in the Indo-Bangla water transit protocol with a view to offering alternatives to users, officials said. "Inclusion of m...

JBCCI stresses technological supports to improve SMEs

JBCCI stresses technological supports to improve SMEs

-- 2019-09-29 19:16:48

Japan Bangladesh Chamber of Commerce and Industry (JBCCI) on Sunday recommended providing proper training and technological supports to improve the quality of the Small and Medium Enterprise (SME) pro...

Over 340,000 vehicles registered in Jan-Aug: BRTA

Over 340,000 vehicles registered in Jan-Aug: BRTA

FE Online Report 2019-09-29 18:59:48

The number of registered motorised vehicles in the country stood at 340,328 between January to August 2019, according to official data. Of the total, 109,304 motorised vehicles were registered in Dha...

China and Southeast Asian neighbors need to strengthen joint law enforcement

China and Southeast Asian neighbors need to strengthen joint law enforcement

Global Times 2019-09-29 18:12:50

Cambodia's recent crackdown on online gambling has seen thousands of Chinese nationals leave Sihanoukville, a coastal city in Cambodia rife with illegal online gambling, over past weeks. On August 18...

India bans onion exports as prices stay elevated

India bans onion exports as prices stay elevated

-- 2019-09-29 15:45:52

India on Sunday banned exports of onions, a common ingredient in Indian cooking, as prices remain high due to a seasonal shortage which has been worsened by flooding in several states. The government...

EBL, Apex Footwear sign agreement

EBL, Apex Footwear sign agreement

FE Online Desk 2019-09-29 14:19:05

VISA, Mastercard, Diners Club International, Discover and UnionPay International cardholders of Eastern Bank Limited (EBL) and other banks will now be able to purchase products from Apex Footwear usin...

LG Bangladesh opens showroom of ID solution centre

LG Bangladesh opens showroom of ID solution centre

FE Online Desk 2019-09-29 14:01:34

LG Bangladesh, for the first time, has opened an Information Display Solution Center for OLED Signage, Ultra Stretch Signage, and Video Wall & Smart platform at its headquarters in Dhaka city. LG...

Standard Chartered launches Korea-Bangladesh Desk

Standard Chartered launches Korea-Bangladesh Desk

FE Online Desk 2019-09-29 12:32:35

Standard Chartered Bangladesh recently held an event commemorating the launch of the Korea- Bangladesh corridor initiative. With a dedicated team focused on Korean entities, the corridor will focus o...

Mastercard Operations Release workshop held

Mastercard Operations Release workshop held

FE Online Desk 2019-09-29 12:17:32

Mastercard recently organized Mastercard Operations Release workshop at a city hotel in Dhaka, attended by a large audience of senior officials from different banks and financial institutions. Syed M...

PABL & CII  jointly hold Dive In Dhaka 2019

PABL & CII jointly hold Dive In Dhaka 2019

FE Online Desk 2019-09-29 12:08:31

Professional Advancement Bangladesh Ltd. (PABL) and Chartered Insurance Institute (CII) have jointly organized a regional session of Dive In Festival 2019 in Dhaka recently, which was sponsored by Gre...

Summit receives award from mayor of Vaasa, Finland

Summit receives award from mayor of Vaasa, Finland

FE Online Desk 2019-09-29 12:07:29

Summit Group has received Wärtsilä’s Valued Customer Recognition Award 2019 for excellent performance and execution of 450 MW fast track power project complex in Gazipur in record time...

Planning Commission sends back 'high-cost' BIWTA project proposal

Planning Commission sends back 'high-cost' BIWTA project proposal

FHM Humayan Kabir 2019-09-29 11:53:46

The Planning Commission has raised objections to high costs involved in a number of components of a massive river dredging project, undertaken by the Bangladesh Inland Water Transport Authority (BIW...

Sylhet tea industry hamstrung by investment crunch

Sylhet tea industry hamstrung by investment crunch

Iqbal Siddiquee 2019-09-29 11:11:51

Tea of Bangladesh is facing multifaceted challenges like inadequate investment, increased price of inputs including fertilisers, underdeveloped infrastructures, lack of irrigation facilities and above...

Jute sector dev fund: Ministry seeks initial amount of Tk 5.0bn

Jute sector dev fund: Ministry seeks initial amount of Tk 5.0bn

FE Report 2019-09-29 10:43:04

The jute ministry has requested the finance ministry to create an initial low-cost fund of Tk 5.0 billion out of the proposed Jute Sector Development Fund (JSDF) of Tk 100 billion. It also recommende...

EPZ Labour Act to protect rights of workers, owners

EPZ Labour Act to protect rights of workers, owners

FE Report 2019-09-29 10:39:04

Both workers and owners of industrial zones under the Bangladesh Economic Zones Authority (BEZA) will enjoy their rights as enshrined in the Bangladesh EPZ (export processing zone) Labour Act, 2019....

Record paddy yield makes no difference to farmers

Record paddy yield makes no difference to farmers

Yasir Wardad 2019-09-29 10:18:35

Rice output hit an all-time high of 37.3 million tonnes in fiscal year (FY) 2019, but that brought little smile on the growers' face for low prices, said insiders. After witnessing falling prices, Am...

Metro stations face space problem

Metro stations face space problem

Munima Sultana 2019-09-29 10:03:46

The under-construction metro rail is facing space shortage for its elevated stations as adequate land beneath the facilities have not been acquired, sources said. For lack of space, they said, the mo...

Commercial samples import made tax-free

Commercial samples import made tax-free

Doulot Akter Mala 2019-09-29 09:52:51

The customs authority has issued a rule to allow duty-free import of products without insurance and freight charges valued lower than Tk 2,000. The similar facility will be applicable to a product wh...

US regulator orders inspections of Boeing 737 NG aircraft

US regulator orders inspections of Boeing 737 NG aircraft

BBC 2019-09-28 21:31:22

US aviation regulators have ordered inspections of Boeing 737 NG aircraft after cracks were found on some planes. The Federal Aviation Administration (FAA) said Boeing discovered the cracks "while co...

EBL expands its footprint in China

EBL expands its footprint in China

FE Online Report 2019-09-28 17:50:29

Eastern Bank Ltd (EBL) will open its representative office in Guangzhou in the People’s Republic of China on Sunday (September 29) to tap the business opportunities and contribute to the growing...

Banking row with China: BGMEA seeks prompt govt intervention

Banking row with China: BGMEA seeks prompt govt intervention

REZAUL KARIM 2019-09-28 13:44:55

The country's apex apparel body has called for government intervention to address banking disputes with China to save the reputation of the local financial sector, officials said. It has sought comme...

Int'l confce on blockchain technology begins in Dhaka Sunday

Int'l confce on blockchain technology begins in Dhaka Sunday

FE Online Desk 2019-09-28 13:37:07

A 2-day international conference on blockchain technology, arranged by Asian Development Bank begins in Dhaka on Sunday.  Mr. A H M Mustafa Kamal, Minister of Finance, and Dr. Tawfiq-e-Elah...

Brilliant students receive SIBL awards

Brilliant students receive SIBL awards

FE Online Desk 2019-09-28 13:24:47

Social Islami Bank Limited (SIBL) awarded scholarship to the brilliant students of the country. The Bank arranged a Scholarship Awarding Ceremony in recognition to their brilliant results in SSC and...

BFSA to widen dragnet as food adulteration persists

BFSA to widen dragnet as food adulteration persists

SAJIBUR RAHMAN 2019-09-28 10:23:52

Food adulteration is still rampant across the country although the Bangladesh Food Safety Authority (BFSA) has intensified its efforts to check such malpractice since 2015. During the four-year perio...

Remediation or closure?

Remediation or closure?

Monira Munni 2019-09-28 10:20:08

More than 300 ready-made garment (RMG) factories, inspected under the national initiative, are going to face various punishments, like - closure and suspension of export license, as they have failed t...

Exporters oppose Indian proposal for factory visits

Exporters oppose Indian proposal for factory visits

SYFUL ISLAM 2019-09-28 10:01:50

Bangladeshi exporters have expressed reservations about an Indian proposal for onsite visit of factories linked to the duty-free access of goods under a regional free trade pact, officials said. They...

Financials of non-listed cos to face scrutiny

Financials of non-listed cos to face scrutiny

JASIM UDDIN HAROON 2019-09-28 09:42:04

The Financial Reporting Council (FRC) might soon seek financial statements from non-listed companies that are public interest entities (PIEs). A move to this effect is now in the final stage, the peo...