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Search results for: trade

Recovery of banks' NPL: AMCs both in pvt, public sectors ‘could be an option’

Recovery of banks' NPL: AMCs both in pvt, public sectors ‘could be an option’

FE REPORT 2022-06-22 09:14:50

Banking sector experts on Tuesday suggested establishing asset management companies (AMCs) both in private and public sectors to help create a competitive environment in the recovery of banks' soured...

Dutch Co. to invest $ 10.52 million in BEPZA’s Economic Zone

Dutch Co. to invest $ 10.52 million in BEPZA’s Economic Zone

-- 2022-06-21 20:23:59

Checkpoint System Bangladesh Ltd.-Unit 2, a Netherlands-owned company, is going to establish a garments accessories manufacturing industry in BEPZA Economic Zone. The company will invest US$ 10.52 mi...

Twitter's board unanimously endorses Elon Musk’s $44.0b deal

Twitter's board unanimously endorses Elon Musk’s $44.0b deal

-- 2022-06-21 20:11:46

Twitter's board has recommended unanimously that shareholders approve the proposed $44 billion sale of the company to billionaire and Tesla CEO Elon Musk, according to a regulatory filing Tuesday. Mu...

Faster shipping between BD-Europe possible through Chattagram-Koper ports

Faster shipping between BD-Europe possible through Chattagram-Koper ports

FE ONLINE REPORT 2022-06-21 18:52:02

Container shipping service connecting Chattagram Port to the Port of Koper in Slovenia directly may open up the prospects of faster and cheaper shipping from Bangladesh to Europe. The optimism was ex...

Tesla sued by former employees over 'mass layoff'

Tesla sued by former employees over 'mass layoff'

-- 2022-06-21 15:03:09

Former Tesla Inc employees have filed a lawsuit against the US electric car company alleging its decision to carry out a "mass layoff" violated federal law as the company did not provide advance notic...

Crypto's latest meltdown leaves punters bruised and bewildered

Crypto's latest meltdown leaves punters bruised and bewildered

-- 2022-06-21 14:04:20

For Jeremy Fong, US crypto lender Celsius was an ideal place to stash his digital currency holdings - and earn some spending money from its double-digit interest rates along the way. "I was probably...

Only banks can avail funds from refinance scheme

Only banks can avail funds from refinance scheme

FE REPORT 2022-06-21 09:22:10

Only the scheduled banks will be able to avail funds from a Tk 1.0 billion refinancing scheme dedicated to digital nano loans, aimed at improving the livelihoods of the marginalised communities. Th...

CAB urges govt to revise fuel prices

CAB urges govt to revise fuel prices

FE REPORT 2022-06-21 09:19:36

The Consumers Association of Bangladesh (CAB) urges the government to adjust prices of petroleum products by the Bangladesh Energy Regulatory Commission (BERC) considering consumer interests. It...

Project approval faces tightfisted control

Project approval faces tightfisted control

FHM HUMAYAN KABIR 2022-06-21 09:13:01

Approval for development projects faces tightfisted appraisal of costs and tenures for controlling public expenditure under government austerity stance amid a worldwide financial crunch. Officials sa...

Appointing CEOs for FIs comes under regulation

Appointing CEOs for FIs comes under regulation

FE REPORT 2022-06-21 08:47:23

Appointment of chief executive officer (CEO) for financial institutions comes under strict regulation to ensure good governance alongside protecting depositors' interests, says an announcement, agains...

Govt cuts spot LNG import

Govt cuts spot LNG import

FE REPORT 2022-06-21 08:40:19

Fuel frugality already shuts shops after 8pm across Bangladesh and now comes curbs on gas import under government austerity action to save country's foreign-exchange reserves at a time of global commo...

Tata Steel buys Russian coal weeks after vowing to cut ties

Tata Steel buys Russian coal weeks after vowing to cut ties

-- 2022-06-20 20:15:27

India's top steelmaker Tata Steel imported about 75,000 tonnes of coal from Russia in the second half of May, two trade sources and one government source said, weeks after pledging to stop doing busin...

GoZayaan expands EMI facility to make tourism industry inclusive

GoZayaan expands EMI facility to make tourism industry inclusive

RASSIQ AZIZ KABIR 2022-06-20 16:52:18

Bangladeshi online travel tech platform GoZayaan has already brought unprecedented changes to the country’s tourism industry. It started the year by acquiring a foreign company, becoming the fi...

Nagad employees donate one-day salary to support flood victims

Nagad employees donate one-day salary to support flood victims

FE ONLINE DESK 2022-06-20 16:22:48

Employees of Nagad Limited will donate their one-day salary to aid flood-hit people in Sylhet and Sunamganj region and to support those impacted by the disaster. Tanvir A Mishuk, Managing Director of...

China May oil imports from Russia soar to a record, surpass top supplier Saudi

China May oil imports from Russia soar to a record, surpass top supplier Saudi

-- 2022-06-20 13:53:47

China's crude oil imports from Russia soared 55 per cent from a year earlier to a record level in May, displacing Saudi Arabia as the top supplier, as refiners cashed in on discounted supplies amid sa...

Funding on flexible terms will be challenging: SMEF

Funding on flexible terms will be challenging: SMEF

FE REPORT 2022-06-20 10:28:50

Thanking the government for accepting its proposals in the budget, the SME Foundation says small and medium enterprises will be benefited when these take effect. It, however, say funding for entrepre...

Indo-Bangla JCC meeting ends

Indo-Bangla JCC meeting ends

FE REPORT 2022-06-20 09:14:03

The 7th Round of India-Bangladesh Joint Consultative Commission, held in New Delhi on Sunday, ended without any breakthrough in the pending issues like water sharing. In the meeting both sides reiter...

Pre-shipment credit: Banks invited to take part in refinance fund

Pre-shipment credit: Banks invited to take part in refinance fund

FE REPORT 2022-06-20 09:12:09

The central bank has invited the banks to have 'participation agreement' for availing pre-shipment credit under the Tk 50 billion refinance scheme earlier formed to help local exporters face the cha...

Govt gives directives on project priorities

Govt gives directives on project priorities

SYFUL ISLAM 2022-06-20 09:01:37

Government high-ups ask the ministries and departments concerned to concentrate on timely implementation of ongoing projects instead of taking less-important new ones to stay within means in crunch...

Padma Bridge: Make road usable under Hanif Flyover, say experts

Padma Bridge: Make road usable under Hanif Flyover, say experts

MUNIMA SULTANA 2022-06-20 08:54:07

Concerns have been surfacing about expected snarl in and around Padma Multi-purpose Bridge from more than a week before its opening to the public transport in later part of the current month. Getting...

Price rises push inflation to 8-yr high at 7.42pc

Price rises push inflation to 8-yr high at 7.42pc

FHM HUMAYAN KABIR 2022-06-20 08:37:17

Price rises pushed up inflation to a record-high 7.42 per cent in Bangladesh by official count, overshooting government estimation amid market volatility globally and locally. Economists suggest co...

Banks asked to serve flood-hit people from nearby safe branches

Banks asked to serve flood-hit people from nearby safe branches

-- 2022-06-19 19:24:58

Bangladesh Bank (BB) has instructed banks to continue services in the flood-hit areas through their sub-branches, agent bank outlets or branches nearby in the dry places. The central bank’s Dep...

LFB calls for standing by endangered humanity

LFB calls for standing by endangered humanity

-- 2022-06-19 17:32:05

Leaders Forum BD (LFB) Trust, a Dhaka-based registered platform of corporate and business leaders and managers, has made a clarion call for corporate fraternities to wake up to stand by endangered hum...

ICCB conducts workshop on international trade payment and finance

ICCB conducts workshop on international trade payment and finance

FE ONLINE DESK 2022-06-19 15:24:36

International Chamber of Commerce Bangladesh (ICCB) organised a workshop titled ‘International Trade Payment and Finance-Practice, compliance, operations & Legal analysis’ at a city ho...

REHAB urges govt to allow investment of undisclosed money in real estate sector

REHAB urges govt to allow investment of undisclosed money in real estate sector

FE REPORT 2022-06-19 12:28:58

The realtors have urged the government to continue allowing investment of undisclosed money in real estate to help the sector flourish unhindered. They observed that the proposed national budget for...

Market closure after 8pm: FBCCI urges government to postpone decision until Eid

Market closure after 8pm: FBCCI urges government to postpone decision until Eid

FE REPORT 2022-06-19 08:34:46

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has called upon the government to postpone the decision on closure of shops, shopping malls and kitchen markets after 8:00pm, unt...

BCI demands simplification of taxation system

BCI demands simplification of taxation system

-- 2022-06-18 20:36:18

Bangladesh Chamber of Industries (BCI) has demanded simplification of the taxation system saying that people feel reluctant to pay taxes due to complexities. “The taxation system must be simple...

Bitcoin drops below $20,000 to lowest level in 18 months

Bitcoin drops below $20,000 to lowest level in 18 months

-- 2022-06-18 19:15:13

Bitcoin dropped below $20,000 on Saturday to its lowest level in 18 months, extending its slide as investors pull back from riskier assets amid rising interest rates. The biggest cryptocurrency was d...

India may impose ceiling on sugar exports for second straight year

India may impose ceiling on sugar exports for second straight year

-- 2022-06-18 16:07:18

India is likely to impose a ceiling on sugar exports for a second straight year starting this October, aiming to ensure ample domestic supplies and keep a lid on local prices, industry and government...

Japan turns a potential job market for Bangladesh

Japan turns a potential job market for Bangladesh

ARAFAT ARA 2022-06-18 10:07:26

Japan has emerged as a potential market for Bangladeshi workers as it can help increase employment opportunity and quality migration. Officials at the Bureau of Manpower Employment and Training (BMET...