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Search results for: trade

China won’t bankroll new projects for now

China won’t bankroll new projects for now

Mir Mostafizur Rahaman 2019-09-18 09:55:10

China has turned down a proposal to fund the Barishal-Patuakhali-Kuakata four-lane project on the grounds that it will no more consider any new venture under the government-to-government cooperation....

Onion price will come down soon: Commerce secretary

Onion price will come down soon: Commerce secretary

-- 2019-09-17 20:07:40

The onion price will come down to a tolerable level soon as the government is strictly monitoring the price after its sharp rise in last three days in the city markets. Commerce Secretary Dr M Jafar...

Vivo steps up 5G smartphone development with flagship handset

Vivo steps up 5G smartphone development with flagship handset

Xinhua 2019-09-17 16:14:55

Chinese smartphone maker Vivo is stepping up development of 5G handsets by rolling out two smartphones capable of operating on the superfast wireless technology in less than one month. The company Mo...

Pathao opts for EBL SKYPAY

Pathao opts for EBL SKYPAY

FE Online Desk 2019-09-17 15:27:58

Users of Pathao now can make their payments through EBL SKYPAY Payment Gateway using any Visa or Mastercard. An agreement in this regard was signed by M Khorshed Anowar, Head of Retail and SME Bankin...

LG Display seeks job cuts amid financial losses

LG Display seeks job cuts amid financial losses

-- 2019-09-17 15:24:14

South Korea’s LG Display on Tuesday announced a voluntary redundancy programme for its domestic production line employees amid mounting financial losses. News of the possible job cuts came a da...

Govt sits with traders today as onion prices keep soaring

Govt sits with traders today as onion prices keep soaring

FE Report 2019-09-17 10:07:29

Prices of onion increased further by Tk 5.0 a kilogramme in the city's retail markets on Monday. The key spice was traded between Tk 65 and Tk 75 per kg on the day. Traders, however, attributed the...

NBR moves to iron out VAT reg hurdles

NBR moves to iron out VAT reg hurdles

FE Report 2019-09-17 09:55:38

The tax collector has moved to remove the complexities over issuing the VAT registration after it found 80 per cent of the businesses have not updated their identification yet. Some 20,000 businesses...

Auto workers strike against GM in contract dispute

Auto workers strike against GM in contract dispute

-- 2019-09-16 16:56:03

More than 49,000 members of the United Auto Workers walked off General Motors factory floors or set up picket lines early Monday as contract talks with the company deteriorated into a strike. Workers...

Volkswagen to pay up to $87 million in Australia for scandal

Volkswagen to pay up to $87 million in Australia for scandal

-- 2019-09-16 16:14:35

Volkswagen has agreed to pay up to 127 million Australian dollars ($87 million) to settle an Australian class action stemming from the 2015 diesel emissions scandal, the German automaker and a lawyer...

Systemeye Technologies gives laptop exchange offers

Systemeye Technologies gives laptop exchange offers

FE Online Desk 2019-09-16 14:57:20

SystemEye Technologies Limited has announced to give brand new laptop in exchange of any old working or nonworking laptop or desktop. Anyone can get brand new laptop with any configuration by submitt...

MBL receives WASA bill collection award

MBL receives WASA bill collection award

FE Online Desk 2019-09-16 14:21:18

Dhaka WASA has awarded Mercantile Bank Limited (MBL) as the recognition of one of the highest bill collecting banks. LGRD minister Md Tazul Islam handed over the certificate and crest to Md Quamrul...

Paperfly launches ‘Smart Return’ to solve e-commerce problem

Paperfly launches ‘Smart Return’ to solve e-commerce problem

FE Online Desk 2019-09-16 13:55:32

Paperfly, a new generation tech based smart logistics service provider, has launched a feature to solve a critical problem for the e-commerce sector of the country. ‘Return’ has been a ma...

China’s logistics business expands at slower pace in August

China’s logistics business expands at slower pace in August

Xinhua 2019-09-16 12:58:16

China's logistics business continued to expand in August, but the expansion rate was lower than the previous month, according to a recent survey. The logistics performance index for August came in at...

Use modern ‘fintech’ to protect transactions from cyber attacks: Speakers

Use modern ‘fintech’ to protect transactions from cyber attacks: Speakers

FE Report 2019-09-16 11:15:03

Speakers at a programme on Sunday suggested applying state-of-the-art financial technology (fintech) to help protect financial transactions from possible cyber attacks. They also stressed the nee...

Experts call for mandatory health insurance

Experts call for mandatory health insurance

FE Report 2019-09-16 11:13:06

Experts at a seminar have called for making the health insurance mandatory in the country, saying that voluntary micro health insurance scheme has been proved ineffective in Asian countries. They a...

Smuggling threatens tea trading

Smuggling threatens tea trading

Rezaul Karim 2019-09-16 10:27:39

Tea smuggling through border has constituted a potential threat to the business of local manufacturers, industry insiders said. The smuggling of various items, such as tea, has increased in volume th...

Oil prices jump 10pc after attack on Saudi facilities

Oil prices jump 10pc after attack on Saudi facilities

Reuters 2019-09-16 10:14:52

Oil prices retreated on Monday after hitting their highest since May at the open, on fears over supply disruptions following an attack on Saudi Arabia’s oil facilities on Saturday that cut more...

Overall price of commodities in China shrinks

Overall price of commodities in China shrinks

-- 2019-09-16 00:00:00

The overall average price of commodities in China shrank by 2.0 per cent in August from the previous month and by 6 per cent from the same period last year, according to the China Logistics Informatio...

Almost 20,000 auto-rickshaws registered in Jan-Aug: BRTA

Almost 20,000 auto-rickshaws registered in Jan-Aug: BRTA

FE Online Report 2019-09-15 18:02:58

A total of 19,916 auto-rickshaws were registered with across the country in the first eight months of the current calendar year, according to transport regulator. Of them, 6,684 got registration duri...

UAW contract with GM expires, increasing risk of strike

UAW contract with GM expires, increasing risk of strike

-- 2019-09-15 16:43:59

The four-year contract between General Motors and the United Auto Workers has expired as negotiations on a new deal continue. Union officials told GM they would let the contract lapse just before mid...

World’s first floating nuclear power plant reaches its home

World’s first floating nuclear power plant reaches its home

-- 2019-09-15 16:25:20

Akademik Lomonosov, world’s first floating nuclear power unit, has reached its permanent destination-- the Pevek town in Chukotka region of Russia’s Far East on Saturday (September 14, 201...

Iran inks $440m deal with local firm to develop Gulf gas field

Iran inks $440m deal with local firm to develop Gulf gas field

-- 2019-09-15 16:23:20

Iran signed a $440 million contract on Saturday with local company Petropars to develop the Belal gas field in the Gulf, Iranian state television reported, saying the country's vital energy sector was...

EBL starts its journey with ‘Porichoy’

EBL starts its journey with ‘Porichoy’

FE Online Desk 2019-09-15 15:22:10

Eastern Bank Limited (EBL) has come forward to use 'Porichoy’, the API based National ID Real-time Verification Portal porichoy.gov.bd, introduced by the Government. The portal, first of its ki...

Beximco protests TIB remarks on Salman F Rahman

Beximco protests TIB remarks on Salman F Rahman

-- 2019-09-15 15:08:09

Beximco Group has vigorously protested “slanderous remarks” by the Transparency International Bangladesh about the top industrial conglomerate’s Vice-Chairman Salman F Rahman who als...

MTB signs agreement with  Well Food

MTB signs agreement with Well Food

FE Online Desk 2019-09-15 13:31:53

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...

Standard Bank training on “MCSME Portfolio Management & Reporting” begins

Standard Bank training on “MCSME Portfolio Management & Reporting” begins

FE Online Desk 2019-09-15 13:23:56

Mr Md. Tariqul Azam, Additional Managing Director of Standard Bank Limited, recently inaugurated a day-long training on “MCSME Portfolio Management & Reporting” for Desk Credit Officer...

Onion prices set to rise further amid Indian move

Onion prices set to rise further amid Indian move

-- 2019-09-15 13:09:00

The Indian government’s clampdown on onion export is causing a fair bit of upset across the border as well, with Bangladeshi businessmen at Hili land port between the two countries left agonisin...

Insurers lick lips as fixed commission takes effect

Insurers lick lips as fixed commission takes effect

Jasim Uddin Haroon 2019-09-15 11:27:10

Local non-life insurers expect to bag an additional income of Tk 10 billion, helped by the implementation of a 15 per cent agent commission. The commission against business procurement has been made...

Online VAT system takeover in slow lane

Online VAT system takeover in slow lane

Doulot Akter Mala 2019-09-15 10:25:43

The National Board of Revenue is moving at slower than expected pace to gain control of the online value added tax system from a foreign company. The contract for the maintenance and operations of th...

Certification problem hurts exporters

Certification problem hurts exporters

Saif Uddin 2019-09-15 09:57:46

Bangladeshi exporters encounter difficulties at different destinations as foreign buyers often discount the certification by the local authorised bodies who lack accredited labs, revealed a latest stu...