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Search results for: trade

ByteDance in talks with India's Reliance for investment in TikTok: Report

ByteDance in talks with India's Reliance for investment in TikTok: Report

REUTERS 2020-08-13 10:27:41

China's ByteDance is in early talks with Reliance Industries Ltd for an investment in its video-based app TikTok's business in India, TechCrunch reported on Thursday, citing sources. The two companie...

Spending of Tk 7.50b grant: Three state banks asked to submit action plans soon

Spending of Tk 7.50b grant: Three state banks asked to submit action plans soon

FE REPORT 2020-08-13 09:55:03

The government has asked three state-owned banks to immediately submit time-bound action plans for spending Tk 7.50 billion which has been allocated by it as grant, officials said. Non-scheduled Pall...

Padma Bridge O&M work: Korean co may get contract through unsolicited proposal

Padma Bridge O&M work: Korean co may get contract through unsolicited proposal

MUNIMA SULTANA 2020-08-13 09:53:36

A Korean company is likely to get the operational and maintenance (O&M) work of the Padma bridge at a higher rate than Bangabandhu Jamuna Bridge under the government-to-government arrangement. Th...

Virus impact on RMG: Non-member units' half of June capacity goes unused

Virus impact on RMG: Non-member units' half of June capacity goes unused

FE REPORT 2020-08-13 09:29:13

Half of the capacity of the ready-made garment (RMG) factories that are not affiliated with either BGMEA or BKMEA remained unutilised in June amid the Covid-19 pandemic, according to a latest survey....

Stimulus for SMEs: Slow progress in fund disbursement

Stimulus for SMEs: Slow progress in fund disbursement

Siddique Islam 2020-08-13 09:22:25

Banks and non-bank lenders could disburse only Tk 15 billion of the stimulus package until July 30 for smaller firms. The disbursed amount is just 7.50 per cent of total Tk 200 billion financial supp...

Powerhouse products driving strong momentum for Oracle cloud in Asia

Powerhouse products driving strong momentum for Oracle cloud in Asia

FE Online Desk 2020-08-12 23:56:26

An increasing number of businesses in Asia are turning to Oracle Cloud Infrastructure and Oracle Autonomous Database to gain benefit from the advantages the company’s autonom...

Puma offers up to 30pc discount on Daraz

Puma offers up to 30pc discount on Daraz

-- 2020-08-12 19:31:18

Daraz Bangladesh, a leading e-commerce company in the country, has signed a partnership agreement with international sports brand PUMA. As a result of the partnership, PUMA gave up to 30 per cent di...

US-Bangla Airlines to resume Kuala Lumpur flights on Aug 16

US-Bangla Airlines to resume Kuala Lumpur flights on Aug 16

-- 2020-08-12 18:30:06

US-Bangla Airlines is set to resume flight services on the Dhaka-Kuala Lumpur route on Aug 16 following a five-month hiatus caused by coronavirus pandemic, reports bdnews24.com. The private airline...

Overnight DIBOR drops marginally

Overnight DIBOR drops marginally

FE Online Report 2020-08-12 17:42:16

Dhaka Inter-bank Offered Rate (DIBOR) on overnight basis declined slightly to 4.15 per cent on Wednesday from 4.45 per cent on Monday. Tuesday was a government holiday. Bangladesh Foreign Exchange De...

70pc BD returnee migrants struggling to find jobs: Survey

70pc BD returnee migrants struggling to find jobs: Survey

UNB 2020-08-12 14:34:46

Nearly 70 per cent of surveyed migrants who returned to Bangladesh between February and June remained unemployed, according to a study covering 12 districts. The findings are presented in the report,...

BIDA adds three new services to its OSS

BIDA adds three new services to its OSS

FE Online Report 2020-08-12 12:30:33

Bangladesh Investment Development Authority (BIDA) on Wednesday formally launched three new services to its virtual One Stop Service (OSS) portal to help facilitate investment procedure in the country...

Shwapno pioneers in generating employment for people with special needs

Shwapno pioneers in generating employment for people with special needs

FE Online Desk 2020-08-12 11:12:47

Life of Jannatul Ferdous had never been easy. It was full of difficulties and numerous challenges. It seemed life was unnecessarily punishing her. Jannatul, mother of two children, has hearing impairm...

Boring for one tube of Karnaphuli tunnel completed

Boring for one tube of Karnaphuli tunnel completed

Munima Sultana 2020-08-12 10:22:09

Boring of one part of Karnaphuli tunnel has been completed establishing underwater tube from Chattogram city's Patenga to Anwara upazila, officials said. They said with the installation of ring of th...

Business directory for women entrepreneurs

Business directory for women entrepreneurs

FE REPORT 2020-08-12 10:12:28

A directory of 14 Business Support Organisations (BSO) has been launched with a view to fostering women entrepreneurship in the country. The directory is expected to help women entrepreneurs get be...

So far 3.0m pieces of rawhide stored in warehouses

So far 3.0m pieces of rawhide stored in warehouses

REZAUL KARIM 2020-08-12 09:57:27

More than 3.0 million pieces of salted rawhide of both cattle and goats have been stored in different warehouses across the country, official figures show. Of them, over 2.4 million pieces are from c...

Metro rail work: Foreign experts start arriving

Metro rail work: Foreign experts start arriving

MUNIMA SULTANA 2020-08-12 09:49:56

Work on the Dhaka metro rail is expected to get back its momentum with the arrival of foreign consultants and experts, officials said. All the Thai experts and workers engaged in the Mass Rapid Tra...

Biman makes loss on misstep amid pandemic

Biman makes loss on misstep amid pandemic

KAMRUN NAHAR 2020-08-12 09:37:01

Biman Bangladesh Airlines incurs additional losses during the coronavirus pandemic due to lack of planning. After three months of suspension of regular flight operations, the government permitted res...

Registration hiatus: Buying houses in tiff with BGMEA

Registration hiatus: Buying houses in tiff with BGMEA

MONIRA MUNNI 2020-08-12 09:29:04

Two trade associations involved in garment business are wrangling over the authority of buying houses, sources said. The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is pressing...

Q2 incentive package: Banks seek Tk 18m as interest subsidy

Q2 incentive package: Banks seek Tk 18m as interest subsidy

SYFUL ISLAM 2020-08-12 09:19:17

The banks which have disbursed working capital to industrial and service sector units under the government's Covid-19 recovery package have sought over Tk 18 million as interest subsidy in the April-J...

Emirates launches special portal for trade partners

Emirates launches special portal for trade partners

FE Online Desk 2020-08-11 15:38:07

Emirates has rolled out a brand new, state-of-the-art online gateway to serve its travel trade partners around the world. Tailored for each market, and personalised for each partner to cater to their...

Tripartite deal signed to establish country’s first bio-tech industry

Tripartite deal signed to establish country’s first bio-tech industry

FE ONLINE REPORT 2020-08-11 13:02:41

Bangladesh Hi-Tech Park Authority (BHTPA), Oryx Bio-Tech Limited and Summit Technopolis Limited signed a tripartite agreement today (Tuesday) to establish the country’s first bio-tech Industry....

Online VAT system hits rough patch

Online VAT system hits rough patch

DOULOT AKTER MALA 2020-08-11 09:49:40

The takeover of the VAT online system from the Vietnamese company FPT may create complexities after the expiry of the project by December this year, officials fear. The officials said unless the proc...

Rice prices on the rise

Rice prices on the rise

YASIR WARDAD 2020-08-11 09:46:46

The prices of rice have started increasing across the country for last few days, adding to woes of the commoners. Prices of Brridhan-28 and 29 and Miniket showed a Tk 50-100 hike per 50-kg sack at mi...

RMG workers lose $500m in wages in three months

RMG workers lose $500m in wages in three months

MONIRA MUNNI 2020-08-11 09:18:55

Bangladesh's garment workers lost an estimated US$ 501 million or 29.5 per cent of their total monthly wages during a period from March to May amid the coronavirus pandemic, according to a latest glob...

Oryx Bio-Tech set to establish country’s first bio-tech industry

Oryx Bio-Tech set to establish country’s first bio-tech industry

FE ONLINE REPORT 2020-08-10 20:13:12

Oryx Bio-Tech Ltd is set to establish the country’s first bio-tech industry at Bangabandhu High-Tech City at Kaliakoir in Gazipur at the cost of around US$300 million, said sources. The company...

Uber, bKash partner to provide contactless payment option for riders   

Uber, bKash partner to provide contactless payment option for riders  

FE ONLINE REPORT   2020-08-10 18:32:37

People who avail ride sharing service Uber can now pay their bills through mobile financial service provider bKash. The two organisations signed a deal to this regard on Monday, said Uber in a press...

BIMSTEC discusses post-Covid cooperation next month

BIMSTEC discusses post-Covid cooperation next month

-- 2020-08-10 15:12:28

The BIMSTEC is set to discuss its post-Covid-19 cooperation in Colombo, Sri Lanka, early next month. The discussion will be virtually held at the 21st Session of the BIMSTEC Senior Officials’ M...

Microsoft's TikTok bid spotlights Windows maker's history with China

Microsoft's TikTok bid spotlights Windows maker's history with China

REUTERS 2020-08-10 14:30:42

Microsoft Corp has emerged as the most likely buyer of the US operations of TikTok, the popular Chinese short-video app that US President Donald Trump is preparing to effectively ban on national secur...

Ctg prefers smaller homes but with three bedrooms

Ctg prefers smaller homes but with three bedrooms

FE ONLINE DESK 2020-08-10 14:02:04

The residents of the Chattogram city are interested in renting smaller homes but with three bedrooms, according to a recent analysis of Bproperty, the only property solutions provider in Bangladesh....

Govt fixes minimum wages for rice mill workers

Govt fixes minimum wages for rice mill workers

FE REPORT 2020-08-10 09:56:28

The government has fixed Tk 7,810 as minimum monthly wages for the rice mill workers living in the cities other than the divisional headquarters. The minimum monthly wages for the rice mill workers l...