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Search results for: trade

Commerce ministry holds TOT programme for professionals

Commerce ministry holds TOT programme for professionals

FE ONLINE DESK 2022-06-08 21:15:11

The ministry of commerce, financed by the World Bank Group (WBG), has organised a Training Of Trainers (ToT) programme for industry professionals in the country. The project, titled Export Competit...

Spice Traders Association rules out price hike before Eid-ul-Azha

Spice Traders Association rules out price hike before Eid-ul-Azha

-- 2022-06-08 20:35:56

Wholesale Spice Traders Association has said there is no possibility of price hike in spices as there is no shortage of spices in the market ahead of Eid-ul-Azha.Md. Enayet Ullah, president of associa...

India may allow exports of 1.2m tonnes of wheat soon

India may allow exports of 1.2m tonnes of wheat soon

-- 2022-06-08 18:31:04

India could soon allow traders to ship out around 1.2 million tonnes of wheat as it seeks to clear cargoes stuck at ports since last month's sudden ban of exports of the grain, government and trade so...

Importing US cotton: Bangladesh may lift double fumigation after field-level report

Importing US cotton: Bangladesh may lift double fumigation after field-level report

FE REPORT 2022-06-08 15:02:34

Bangladesh will consider lifting the requirement of double fumigation in importing cotton from the United States (US) on case-to-case basis - only after getting field-level inspection report from agri...

PMB load control system not to be ready by Jun 25

PMB load control system not to be ready by Jun 25

FE REPORT 2022-06-08 10:28:17

The axle load-control system which is supposed to be installed on the approach roads of Padma Bridge would not be functional on the day (June 25) of its opening for traffic, leaving a room for overloa...

Food traders to come under single roof, minister says

Food traders to come under single roof, minister says

FE REPORT 2022-06-08 10:21:53

Food Minister Sadhan Chandra Majumder on Tuesday said all the food traders will be brought under a single roof for maintaining sound supply of food items as well as ensuring their quality. From food...

Cut number of items from TDS, says FBCCI chief

Cut number of items from TDS, says FBCCI chief

FE REPORT 2022-06-08 08:55:08

Chief of the country's apex trade body Md Jashim Uddin on Monday urged the tax authority to reduce the number of items from tax deduction at source as it creates capital shortage of businesses. In...

Private ICDs run high risk handling chemicals

Private ICDs run high risk handling chemicals

NAZIMUDDIN SHYAMOL 2022-06-08 08:51:25

CHATTOGRAM: None of the 19 private ICDs has the permission or infrastructure necessary for storing and handling chemicals, including hydrogen peroxide, sources said, expressing fear that the facilitie...

BPC counts Tk 934m loss daily

BPC counts Tk 934m loss daily

M AZIZUR RAHMAN 2022-06-08 08:49:14

Bangladesh's petroleum agency now counts a soaring loss of around Tk 934 million daily as international oil prices have been high since the breakout of Russia-Ukraine war on February 24. Officials sa...

Bank account holders to get transaction reports twice a year

Bank account holders to get transaction reports twice a year

-- 2022-06-07 23:21:00

Bangladesh Bank (BB) on Tuesday instructed banks to provide "statement of transactions" and "balance confirmation certificate" of bank accounts to its clients twice a year. The Banking Regulations an...

Mobile operators must increase spectrum by December, says Mustafa Jabbar

Mobile operators must increase spectrum by December, says Mustafa Jabbar

-- 2022-06-07 22:16:33

Posts and Telecommunications Minister Mustafa Jabbar has said mobile phone operators in the country will have to take the required spectrum for their customer bases to reduce call drops and network pr...

ICC Bangladesh Executive Board re-elected

ICC Bangladesh Executive Board re-elected

FE ONLINE DESK 2022-06-07 14:21:52

Mr Mahbubur Rahman, Chairman & CEO of ETBL Holdings Limited has been re-elected as the President of International Chamber of Commerce (ICC) – Bangladesh, The world business organization&nbsp...

City Bank’s credit rating moves upward

City Bank’s credit rating moves upward

FE ONLINE DESK 2022-06-07 12:02:58

Credit Rating Agency of Bangladesh Limited (CRAB) upgraded the long term rating to AA1 from AA2 and also short term rating to ST-1 from ST-2 for City. The rating was assigned considering the bank&rsq...

At least $8.3m apparels were waiting for export at fire-ravaged BM Container Depot

At least $8.3m apparels were waiting for export at fire-ravaged BM Container Depot

-- 2022-06-07 11:10:54

BGMEA has listed products worth $8.3 million from 17 out of at least 50 apparel factories that stored goods for export at BM Container Depot, bdnews24.com reports. The depot in Chattogram’s Sit...

Govt to make direct contact with Brazil's soybean exporters

Govt to make direct contact with Brazil's soybean exporters

REZAUL KARIM 2022-06-07 10:04:46

The government has taken an initiative to establish direct contact between its relevant agencies and Brazilian exporters of soybean, aimed at securing timely and periodic supply of the essential commo...

SMEs get access to one-third of required fund

SMEs get access to one-third of required fund

FE REPORT 2022-06-07 09:59:23

The country's small and medium enterprises (SMEs) get access to only one-third of the fund they need for running businesses, while rural entrepreneurs receive only 19 per cent of the funds disbursed....

Beringia Energy acquires 2 furnace oil-fired power plants from Maisha Group

Beringia Energy acquires 2 furnace oil-fired power plants from Maisha Group

M AZIZUR RAHMAN 2022-06-07 08:52:26

Beringia Energy Global BD Ltd, a sister concern of US's Beringa Energy, has acquired two 108 megawatt (MW) capacity under construction furnace oil-fired power plants from Maisha Group, founded by late...

Malaysia palm oil group warns of losses ahead from 'severe' labour crunch

Malaysia palm oil group warns of losses ahead from 'severe' labour crunch

-- 2022-06-07 08:50:28

Malaysia is missing a golden opportunity to capitalise on high palm oil prices and could suffer more production losses due to a "severe" shortage of about 120,000 workers, the Malaysian Estate Owners'...

PMB trial traffic run June 17

PMB trial traffic run June 17

FE REPORT 2022-06-07 08:38:15

Vehicles will roll on the iconic Padma bridge on June 17 in trial run before its much-orchestrated inauguration to connect Bangladesh's cleft eastern and southwestern parts, officials say. Bangladesh...

Taming rice price hike: Govt to review tariff to boost pvt imports

Taming rice price hike: Govt to review tariff to boost pvt imports

FE REPORT 2022-06-07 08:36:33

The government is likely to review duty on rice imports to facilitate private purchases from international sources with an eye to maintaining the domestic market stability of the staple. Food ministe...

MRT-5 to cost $5.05 billion, ADB study estimates

MRT-5 to cost $5.05 billion, ADB study estimates

FHM HUMAYAN KABIR 2022-06-07 08:33:06

An Asian Development Bank (ADB)-funded feasibility study team has estimated US$5.05 billion cost for the proposed 17.40-km MRT line-5 (southern) route, insiders said on Monday. The team has showed th...

Export earnings to cross $80b by 2024, commerce minister hopes

Export earnings to cross $80b by 2024, commerce minister hopes

-- 2022-06-06 23:30:30

Commerce Minister Tipu Munshi has expressed his hope that the export earnings of the country would cross $80 billion by 2024. "We've earlier set an export earnings target of $51 billion in this fisca...

Elon Musk threatens to drop $44b deal as Twitter withholds requested data

Elon Musk threatens to drop $44b deal as Twitter withholds requested data

-- 2022-06-06 21:19:37

Elon Musk may walk away from his $44 billion deal to acquire Twitter Inc if the social media network fails to provide data on spam and fake accounts, the billionaire warned in a letter to the company...

Google ordered to pay Australian politician $0.51m for defamation

Google ordered to pay Australian politician $0.51m for defamation

-- 2022-06-06 18:51:34

An Australian court on Monday ordered Google to pay a former politician 715,000 Australian dollars ($515,000) over two defamatory YouTube videos. John Barilaro, the former New South Wales state deput...

Wage board for RMG workers on cards

Wage board for RMG workers on cards

FE ONLINE REPORT 2022-06-06 18:26:13

The government will take initiatives soon to form a wage board aiming to increase the existing wages for the country’s readymade garment workers followed by the labour unrest at Mirpur from last...

Govt to allow private firms’ rice import

Govt to allow private firms’ rice import

-- 2022-06-06 17:25:41

To keep the rice market stable, the government has taken a decision to allow private firms to import rice, Food Minister Sadhan Chandra Majumder has said. “A summary of the meeting with resol...

Traders step up toward Indian rice purchases after wheat export ban

Traders step up toward Indian rice purchases after wheat export ban

-- 2022-06-06 16:44:07

India's surprise ban on wheat exports has prompted rice traders to increase purchases and place unusual orders for longer-dated deliveries, fearing the world's top rice exporter may restrict those shi...

ILO expresses solidarity with the families of BM Container Depot fire victims

ILO expresses solidarity with the families of BM Container Depot fire victims

FE ONLINE REPORT   2022-06-06 14:48:56

The International Labour Organisation (ILO) Bangladesh office on Monday expressed its condolence and solidarity with the families of the injured and deceased due to the fire and explosion at BM Cont...

EU keen to invest in energy sector: Envoy

EU keen to invest in energy sector: Envoy

Our Correspondent 2022-06-06 10:54:40

CHATTOGRAM: European Union (EU) Ambassador to Bangladesh Charles Whiteley on Sunday suggested increasing contact between businesspeople of the EU and Bangladesh and creating an attractive environment...

4IR may help popularise insurance policies, cut operational costs, expert tells seminar

4IR may help popularise insurance policies, cut operational costs, expert tells seminar

FE REPORT 2022-06-06 10:51:29

Inclusion of different modules of the fourth industrial revolution (4IR) in the insurance sector may popularise various insurance policies among customers and minimise operational costs for the insure...