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Search results for: trade

Nissan paying $15m, Ghosn $1m to settle US fraud charges

Nissan paying $15m, Ghosn $1m to settle US fraud charges

-- 2019-09-24 12:48:42

Nissan will pay $15 million and former chairman Carlos Ghosn will pay $1 million to settle allegations by US regulators that they hid more than $140 million of Ghosn’s retirement benefits from i...

534th EC Meeting of Jamuna Bank held

534th EC Meeting of Jamuna Bank held

FE Online Desk 2019-09-24 12:45:12

The 534th EC Meeting of Jamuna Bank Ltd was held recently. Al-Haj Nur Mohammed, Chairman, Executive Committee, Jamuna Bank Limited and Chairman, Jamuna Bank Foundation presided over the meeting. Jam...

UK plans to fly 135,300 people back after Thomas Cook collapse

UK plans to fly 135,300 people back after Thomas Cook collapse

Reuters 2019-09-24 12:43:08

Emergency flights brought 14,700 people back to the United Kingdom on Monday after the collapse of travel firm Thomas Cook, and around 135,300 more are expected to be returned over the next 13 days, B...

Boeing to pay families of 737 Max crash victims $144,500 each

Boeing to pay families of 737 Max crash victims $144,500 each

-- 2019-09-24 12:07:54

Families who lost relatives in fatal Boeing 737 Max air crashes are set to receive about $144,500 (£116,200) each from the company. The money comes from a $50m financial assistance fund, which...

Getting Bins lands big firms in trouble

Getting Bins lands big firms in trouble

Doulot Akter Mala 2019-09-24 10:46:55

Large companies that are producing backward linkage products are facing difficulties in obtaining business identity. The National Board of Revenue issues central Business Identification Numbers. In...

US-Japan trade deal hits snag over car tariffs

US-Japan trade deal hits snag over car tariffs

-- 2019-09-24 10:35:13

A US-Japan trade deal hit a last-minute snag as Japanese officials sought assurances that the Trump administration will not impose national security tariffs on Japanese-built cars and auto parts, peop...

Govt floats tender to build waste-based power plant

Govt floats tender to build waste-based power plant

FE REPORT 2019-09-24 10:32:07

State-run Bangladesh Power Development Board (BPDB) floated tender last week to build a 1.0 megawatt (MW) capacity waste-based power plant at Keraniganj on build, own and operate basis. The Banglades...

'Good quantity' of onion arriving soon from Egypt, Turkey

'Good quantity' of onion arriving soon from Egypt, Turkey

-- 2019-09-23 19:41:52

A good quantity of onion will arrive in the country from Egypt and Turkey within a few days as the authorities concerned have completed necessary processes in this regard. Commerce Secretary Dr. Md....

IBBL Co-operative Society holds AGM

IBBL Co-operative Society holds AGM

FE Online Desk 2019-09-23 14:02:32

The Annual General Meeting of Islami Bank Officers Co-operative Society Limited was held recently at Islami Bank Tower. Mohammed Monirul Moula, Managing Director (Current Charge) of the Bank, was pr...

Prime Bank signs agreement with ACI Motors

Prime Bank signs agreement with ACI Motors

FE Online Desk 2019-09-23 13:26:20

Prime Bank Limited has recently signed an agreement with ACI Motors Limited at ACI Centre. Under the agreement, both Prime Bank and ACI Motors Limited have jointly initiated promotion of Motorcycle F...

Thomas Cook collapses, stranding hundreds of thousands

Thomas Cook collapses, stranding hundreds of thousands

-- 2019-09-23 11:43:35

The world’s oldest travel firm Thomas Cook collapsed on Monday, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in Britis...

Oil CEOs push carbon-capture efforts ahead of climate talks

Oil CEOs push carbon-capture efforts ahead of climate talks

-- 2019-09-23 11:17:18

A group of 13 major oil companies charted out a plan on Monday to promote investments in carbon capture, use and storage (CCUS), ahead of a gathering in New York. Oil chiefs grappling with growing de...

ADB for fast execution of its funded projects

ADB for fast execution of its funded projects

FE Report 2019-09-23 10:34:23

The Asian Development Bank (ADB) has emphasised quick implementation of its financed projects in Bangladesh, ensuring quality and value for money. "Fast project implementation is a key to ensure effe...

Depot tariff now 10pc from Oct 01

Depot tariff now 10pc from Oct 01

FE Report 2019-09-23 10:31:52

The Chittagong Port Authority (CPA) has cut down the proposed tariff for using private container depots by 2.0 percentage points to 10 per cent. The fresh tariff will take effect from October 01. At...

IOCs seek lower tax, flexible terms

IOCs seek lower tax, flexible terms

FE Report 2019-09-23 10:10:43

International oil companies have sought contractual flexibility, including corporate tax benefits and reserve-based pricing in the next round of bidding for hydrocarbon exploration. But some firms pr...

Market watch reinforced to rein in price rises

Market watch reinforced to rein in price rises

Rezaul Karim and Yasir Wardad 2019-09-23 10:06:35

In the wake of a volatile commodity market, the government has heightened monitoring to stabilise the prices of essentials, officials said. Commerce ministry has doubled its vigilance teams to overse...

VAT applicable to online sellers: NBR

VAT applicable to online sellers: NBR

-- 2019-09-22 20:44:51

The National Board of Revenue (NBR) has issued a directive asking the seller organisations to pay VAT in case of selling products and services online, reports BSS. The revenue board also gave an expl...

Number of mobile phone subscribers reaches over 160m

Number of mobile phone subscribers reaches over 160m

FE Online Report 2019-09-22 18:35:26

The total number of mobile phone subscribers stood at 162.583 million till August, as per data by telephone regulators. Among them, Grameen Phone Ltd (GP) has the highest 75.619 million subscribers w...

ISHO's thrust on affordability, desirability of young buyers

ISHO's thrust on affordability, desirability of young buyers

FE Desk 2019-09-22 17:47:55

ISHO, a new age furniture company, puts thrust on affordability and desirability of new generation buyers. Rayana Hossain, Founder, ISHO says "At ISHO we strive to make furniture efficient and durabl...

6,177 trucks registered in Jan-Aug

6,177 trucks registered in Jan-Aug

FE Online Report 2019-09-22 17:20:02

The number of truck registration in the country stood at 6,177 alone between January and August 2019, according to an official data. Of the total, 4627 trucks were registered in Dhaka during the peri...

Toyota to recall 357 cars in China over airbag defects

Toyota to recall 357 cars in China over airbag defects

Xinhua 2019-09-22 13:28:05

Japanese automaker Toyota will recall 357 imported Lexus cars in China due to defective airbags, according to China's market regulator. The recall, starting from Oct 11, was filed by Toyota Motor (Ch...

Shohoz Truck, Let’s Furnish ink deal

Shohoz Truck, Let’s Furnish ink deal

FE Online Desk 2019-09-22 13:13:50

Let’s Furnish, the first-ever rental furniture platform in Bangladesh has signed an agreement with Shohoz Truck - a wing of the country’s largest online destination Shohoz. The agreemen...

Ctg dwellers to pay all city corporation fees online thru’ BRAC Bank

Ctg dwellers to pay all city corporation fees online thru’ BRAC Bank

FE Online Desk 2019-09-22 13:04:22

  Chattogram city dwellers from now on will be paying all City Corporation fees online through BRAC Bank Limited.   Through state-of-the-art Digital Banking platform, Agent Banking channe...

EBL signs agreement with Dahmashi Trading

EBL signs agreement with Dahmashi Trading

FE Online Desk 2019-09-22 12:41:07

Eastern Bank Ltd (EBL) home loan clients will now enjoy special privileges while purchasing Bravat and Nanogress products. An agreement in this regard has been signed by M Khorshed Anowar, Head of Re...

MoC seeks proposal for setting up rawhide cooling facilities

MoC seeks proposal for setting up rawhide cooling facilities

Rezaul Karim 2019-09-22 10:42:38

The Ministry of Commerce has sought a comprehensive proposal from traders' groups for establishing cold storage facilities to help ensure the quality of rawhide and skins, officials said. To this end...

More informal sectors brace for legal wage coverage

More informal sectors brace for legal wage coverage

Monira Munni 2019-09-22 10:36:34

The government has taken a move to bring some labour-intensive informal sectors under regulations thereby fixing minimum wages for the workers in those sectors to ensure their lawful rights. To this...

Shippers cry foul as depot operators hike charges

Shippers cry foul as depot operators hike charges

FE Report 2019-09-22 10:04:24

A fresh tariff hike by private container depots in Chattogram has irked the users of the facility. The shipping companies, freight forwarders and consignees are the key users of services provided by...

Speedy Int'l Limited appointed GSA for Malaysia Airlines

Speedy Int'l Limited appointed GSA for Malaysia Airlines

-- 2019-09-21 18:19:00

Speedy Int'l Limited, a concern of Sheltech, has been appointed as the General Sales Agent (GSA) for Malaysia Airlines recently. A programme was arranged at a city hotel on September 19 in this regar...

19,916 auto-rickshaws registered in Jan-Aug

19,916 auto-rickshaws registered in Jan-Aug

FE Online Report 2019-09-21 17:18:05

19,916 auto-rickshaws were registered with Bangladesh Road Transport Authority (BRTA) across the country in the first eight months of the current calendar year. Of them, 6,684 got registration during...

MTB inks deal with  Well Food

MTB inks deal with Well Food

FE Online Desk 2019-09-21 13:55:56

Mutual Trust Bank Limited (MTB) has recently signed an agreement with Well Food and Beverages Company Limited for Nationwide Bill Collection Services at the Well Group’s Corporate Office, RAOWA...