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Search results for: trade

Tesla hikes prices for Model 3 in China

Tesla hikes prices for Model 3 in China

-- 2019-08-30 13:29:29

US electric vehicle maker Tesla had raised prices for some vehicles in China as the yuan trades at its weakest levels in more than a decade. The starting price for the Model X sport utility vehicle (...

Payra power plant operator seeking dry ash buyers

Payra power plant operator seeking dry ash buyers

FE Report 2019-08-30 10:28:52

Bangladesh-China Power Company Limited is searching for buyer of dry ash to be produced from the under construction 1,320-megawatts (MWs) coal-fired thermal power plant at Payra in Patuakhali. The fi...

Veg price hike increases consumers’ sufferings

Veg price hike increases consumers’ sufferings

FE Report 2019-08-30 10:11:36

Vegetables witnessed a notable rise in prices last week increasing woes of the commoners further. Costs of vegetables increased by Tk 10-20 a kg in the last seven days amid declining supply of summer...

Brent oil holds above $60 as  lower inventories boost WTI

Brent oil holds above $60 as lower inventories boost WTI

-- 2019-08-29 20:55:07

Oil prices moved in opposite directions on Thursday, with Brent easing but holding above $60 a barrel while a sharp fall in US inventories last week boosted WTI futures, reports Reuters. Brent crude...

Jamuna Bank teams up with NEC Money Transfer

Jamuna Bank teams up with NEC Money Transfer

FE Online Desk 2019-08-29 18:32:49

An agreement signing ceremony for Foreign Remittance Services between Jamuna Bank Ltd and NEC Money Transfer Limited, was held at Head Office of Jamuna Bank Limited. Mr. Shafiqul  Alam, Managing...

IBBL Agent Banking Outlet opens at Bhawal Mirzapur

IBBL Agent Banking Outlet opens at Bhawal Mirzapur

FE Online Desk 2019-08-29 18:27:37

Islami Bank Bangladesh Limited inaugurated its Agent Banking Outlet at Bhawal Mirzapur, Gazipur Tuesday. Abu Reza Md. Yeahia, Deputy Managing Director of the Bank inaugurated the outlet as chief gues...

BRAC Bank, Green Delta launch first ever livestock ins scheme for cattle farmers

BRAC Bank, Green Delta launch first ever livestock ins scheme for cattle farmers

FE Online Desk 2019-08-29 17:38:40

BRAC Bank Limited and Green Delta Insurance Company Limited have jointly launched Bangladesh’s first ever livestock insurance coverage facility for the cattle farmers.   The initiative is...

Integrated approach key to promote green financing

Integrated approach key to promote green financing

FE Online Desk 2019-08-29 17:14:12

A half day long Review Workshop was held at the Bangladesh Institute of Bank Management (BIBM) on Thursday at its auditorium.  Md. Nazimuddin, Executive Director of Bangladesh Bank and Directo...

BD delegation visits nuclear reactor manufacturing facility in Russia

BD delegation visits nuclear reactor manufacturing facility in Russia

FE Online Desk 2019-08-29 13:14:54

A high power Bangladesh delegation led by Architect Yeafesh Osman, Minister for Science and Technology, recently visited the Volgodonsk Branch of JSC AEM-technology in Russia. Main purpose of the vis...

Chinese firm to build renewable power projects in BD

Chinese firm to build renewable power projects in BD

-- 2019-08-29 13:02:03

Bangladesh has set up a $400 million joint venture with a Chinese company to build renewable energy projects to provide a total 500 megawatts of power by 2023, a government official has said. The joi...

Axiata says merger plan with Telenor on track

Axiata says merger plan with Telenor on track

-- 2019-08-29 12:42:34

Malaysia’s Axiata Group Bhd on Thursday said its planned merger with Norwegian telecoms peer Telenor ASA is on track, after local media reported the deal may have hit a snag. Axiata Group Chief...

Trade war pushes Asian nations towards recession

Trade war pushes Asian nations towards recession

BBC 2019-08-29 11:28:29

Rising fears about the health of the global economy have prompted talk of recession, spreading anxiety about jobs and growth. The US-China trade war is casting a shadow over the world economy and war...

Steps afoot for fair prices of rawhide: Minister

Steps afoot for fair prices of rawhide: Minister

FE Report 2019-08-29 10:27:32

The government will take necessary steps next year to ensure fair prices of rawhide of the sacrificial animals across the country. "Rawhide prices of sacrificial animals were fixed at a meeting with...

BTRC moves to scrap licences of GP, Robi

BTRC moves to scrap licences of GP, Robi

Ismail Hossain 2019-08-29 09:44:47

The telecom regulator has started the process of scrapping the licences of the country's two biggest telecom operators -- Grameenphone and Robi -- allegedly for not paying dues to the national exchequ...

DMCB receives BIZZ AWARD from US  organisation

DMCB receives BIZZ AWARD from US organisation

FE Desk 2019-08-28 22:08:35

World Confederation of Business (WORLDCOB), a US-based international organisation, has handed over the BIZZ AWARD-2019 to Dhaka Mercantile Co-operative Bank Ltd. (DMCB). BIZZ AWARD is an internatio...

Fake-branded bars slip dirty  gold into world markets

Fake-branded bars slip dirty gold into world markets

-- 2019-08-28 22:06:57

A forgery crisis is quietly roiling the world's gold industry, reports Reuters. Gold bars fraudulently stamped with the logos of major refineries are being inserted into the global market to launder...

Forgery crisis roiling world’s gold industry

Forgery crisis roiling world’s gold industry

Reuters 2019-08-28 20:22:35

A forgery crisis is quietly roiling the world’s gold industry. Gold bars fraudulently stamped with the logos of major refineries are being inserted into the global market to launder smuggled or...

Sheltech appoints new managing director

Sheltech appoints new managing director

-- 2019-08-28 17:30:01

Tanvir Ahmed has been appointed as the managing director of Sheltech Group. He has been involved with the conglomerate since 2008. Mr Ahmed completed his BBA and MBA from UK. He is a CIP since 2014...

Commerce minister optimistic about signing FTA with MERCOSUR

Commerce minister optimistic about signing FTA with MERCOSUR

UNB 2019-08-28 16:53:04

Commerce Minister Tipu Munshi on Wednesday said he is optimistic about signing a Free Trade Agreement (FTA) with Southern Common Market (MERCOSUR) to boost trade. “There’s possibility of...

Ride-hailing firm Grab to invest $500m in Vietnam

Ride-hailing firm Grab to invest $500m in Vietnam

Reuters 2019-08-28 14:00:43

Ride-hailing firm Grab said on Wednesday it will invest $500 million in Vietnam over the next five years to expand its services in the Southeast Asian country. The company will expand its transport,...

Asgar Ali Hospital signs MoU with LankaBangla Finance

Asgar Ali Hospital signs MoU with LankaBangla Finance

FE Online Desk 2019-08-28 13:37:51

Asgar Ali Hospital has signed a corporate agreement with LankaBangla Finance Limited. Under the agreement, all the employees and cardholders of LankaBangla Finance will get corporate benefits while t...

US retail giant Costco opens first store in China

US retail giant Costco opens first store in China

Xinhua 2019-08-28 11:24:19

US based retail giant Costco Wholesale opened its first brick-and-mortar store on the Chinese mainland on Tuesday. The 14,000-square-metre store is located in southwest Shanghai, with 3,400 stock-kee...

Infrastructure dev in focus as Chinese cos eye relocation

Infrastructure dev in focus as Chinese cos eye relocation

FE Report 2019-08-28 10:37:48

A significant number of Chinese companies are looking for investing in Bangladesh as well as relocating their manufacturing industries to the country, mainly due to global trade dispute and rising cos...

Ex-Google and Uber engineer charged with theft

Ex-Google and Uber engineer charged with theft

-- 2019-08-28 10:35:11

The US Department of Justice (DoJ) has filed criminal charges against a former senior engineer at Google's owner Alphabet alleging he stole car technology secrets. Anthony Levandowski was charged wit...

Govt set to issue guarantee on Tk 10b BB refinancing to BKB

Govt set to issue guarantee on Tk 10b BB refinancing to BKB

FE Report 2019-08-28 10:34:43

The government is set to issue a guarantee against a Tk 10-billion central bank refinancing loan to aid farm credit disbursements by Bangladesh Krishi Bank (BKB). The Bangladesh Bank has already...

AIT exemption on capital machinery import to widen

AIT exemption on capital machinery import to widen

Doulot Akter Mala 2019-08-28 10:15:45

Capital machinery importers would soon be exempted from paying Advance Income Tax (AIT) on their imports on a larger scale. The National Board of Revenue (NBR) recently took a decision to this end on...

BD imports 7.0 mcm LNG from RasGas, OTI till now

BD imports 7.0 mcm LNG from RasGas, OTI till now

M Azizur Rahman 2019-08-27 21:01:20

Bangladesh has so far imported around 7.0 million cubic metres of LNG by 50 vessels from RasGas of Qatar and Oman Trading International (OTI) of Oman to meet domestic natural gas demand after re-gasif...

LTU unearths 'big chunk' of VAT evasion

LTU unearths 'big chunk' of VAT evasion

-- 2019-08-27 20:20:03

Some 36 multinational and local companies evaded Taka 33.90 billion in Value Added Tax (VAT) in fiscal year 2018-19. Large Taxpayers Unit (LTU) of National Board of Revenue (NBR) detected the evasion...

IIAB elects new office-bearers

IIAB elects new office-bearers

FE Online Report 2019-08-27 18:27:43

Mohammed Iqbal Hossain and M Nurul Alam were elected new president and secretary general respectively for the board of governors of the Institute of Internal Auditors, Bangladesh (IIAB). Their names...

FSIBL opens branch at Satkhira

FSIBL opens branch at Satkhira

FE Online Desk 2019-08-27 18:09:20

The Patkelghata Branch of First Security Islami Bank Ltd. started its operation at Patkelghata, Satkhira on August 27. Mr. Syed Waseque Md Ali, Managing Director of the bank, inaugurated the branch....