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Search results for: trade

Kamal asks customs to scan exports, imports

Kamal asks customs to scan exports, imports

Doulot Akter Mala 2019-02-11 09:32:22

Finance minister AHM Mustafa Kamal instructed on Sunday the customs authorities to scan all export and import products at entry and exit points. He also directed them to conduct physical inspection o...

Mahindra plans to expand  its business in Bangladesh

Mahindra plans to expand its business in Bangladesh

Babul Barman 2019-02-10 22:27:36

Mahindra & Mahindra, a part of the $20.70-billion Mahindra Group, is planning to further expand its business in Bangladesh. The Indian multinational automaker has an ambitious goal to expand its...

Vehicle registration witnesses sharp rise since FY16

Vehicle registration witnesses sharp rise since FY16

FE Online Report 2019-02-10 17:58:23

Registration of motorised vehicles in the country has witnessed a steep rise since the fiscal year 2015-16 (FY16), thanks to the growing economy. A total of 381,181 motorised vehicles were registered...

Walton wins three awards at DITF-2019

Walton wins three awards at DITF-2019

FE Online Desk 2019-02-10 14:48:14

The country’s electronics giant Walton Group has clinched a total of three awards under three different categories at the just-concluded Dhaka International Trade Fair (DITF-2019). Walton Hi-Te...

Mechanism underway to ease cold storage debt burden

Mechanism underway to ease cold storage debt burden

Yasir Wardad 2019-02-10 14:37:47

A mechanism is underway to ease the mounting debt burden on the country's cold storage owners, officials and industry insiders said. According to the Bangladesh Bank, 108 cold storages are Tk 14.44 b...

EBL opens agent banking outlet at Maijdee

EBL opens agent banking outlet at Maijdee

-- 2019-02-10 14:33:59

Eastern Bank Ltd (EBL) has opened its fourth agent banking outlet at Maijdee, Noakhali. M Khorshed Anowar, head of Retail & SME Banking of EBL, formally inaugurated the outlet at Uttar Wapda Baza...

Robi signs corporate agreement with TMSS

Robi signs corporate agreement with TMSS

FE Online Desk 2019-02-10 13:09:40

Country’s digital service provider Robi has recently signed a corporate agreement with TMSS (Thengamara Mohila Sabuj Sangha). Under the agreement, TMSS will enjoy Robi’s post-paid connect...

Dhk-Sylhet four-lane project caught in funding imbroglio

Dhk-Sylhet four-lane project caught in funding imbroglio

Munima Sultana 2019-02-10 10:06:47

The Dhaka-Sylhet four-lane project has once again been left hanging in the balance over the complexity of arrangement of funds for constructing the country's important highway that will serve as a reg...

Govt to install high-voltage power grid in northern region

Govt to install high-voltage power grid in northern region

FHM Humayan Kabir 2019-02-10 09:29:25

The government is going to install a 400-koilovolt (KV) high-voltage power transmission line in the country's northern region in order to import electricity from India, Nepal and Bhutan, officials sai...

Big pharma cos rely on foreign professionals

Big pharma cos rely on foreign professionals

FE Report 2019-02-10 09:22:58

Despite having the lion's share of the domestic market, local pharmaceutical industry lags behind reproducing products, a leading industrialist has warned. "While India is quite ahead in terms of rev...

DITF fetches Tk 2.0b in export orders

DITF fetches Tk 2.0b in export orders

-- 2019-02-09 20:45:37

The 24th Dhaka International Trade Fair has drawn about Tk 2.0 billion in export orders this year. Commerce Minister Tipu Munshi revealed the information at the closing ceremony of the month-long exp...

Auto tempo registration tumbles in 2018

Auto tempo registration tumbles in 2018

FE Online Report 2019-02-09 17:52:49

Auto tempo registration in the country witnessed a significant decline in 2018 compared to that recorded in 2017. A total of 609 auto tempos were registered in 2018, while it was 1,592 the year befor...

NBR nominates suppliers for firms to buy VAT software

NBR nominates suppliers for firms to buy VAT software

Doulot Akter Mala 2019-02-09 17:13:51

Businesses having annual turnover of Tk 50 million and above will have to procure tailored Value Added Tax (VAT) processing software from 11 selected companies. The National Board of Revenue (NBR)...

Limited funds deter women entrepreneurs: BIDS study

Limited funds deter women entrepreneurs: BIDS study

Sajibur Rahman 2019-02-09 17:04:55

Women entrepreneurs in small and medium enterprises are facing hurdles mainly due to both limited finances and market access, a study has found. Most women seek easy access to information on trade po...

Govt seeks foreign partner for deep-sea tuna fishing

Govt seeks foreign partner for deep-sea tuna fishing

Ismail Hossain 2019-02-09 16:39:28

The government has taken a fresh move to find foreign cooperation with tuna-rich countries under government to government partnership to catch tuna fish in the deep-sea. The fisheries department took...

US-China trade talks to focus on intellectual property

US-China trade talks to focus on intellectual property

-- 2019-02-09 15:10:08

US negotiators are preparing to press China next week on longstanding demands that it reform how it treats American companies’ intellectual property in order to seal a trade deal that could prev...

National Enquirer owner defends reporting on Amazon's Bezos

National Enquirer owner defends reporting on Amazon's Bezos

-- 2019-02-09 15:00:07

The owner of US tabloid newspaper the National Enquirer pushed back on Friday against accusations of “extortion and blackmail” from Amazon.com Inc Chief Executive Jeff Bezos, saying its re...

IMF cautions against ‘white elephant projects’ in Middle East

IMF cautions against ‘white elephant projects’ in Middle East

-- 2019-02-09 13:38:34

Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the IMF said on Saturday, and she cautioned against spending money on “white elephant projects&rdquo...

Saudi allocates $3.1b to help cos with 2017-18 expat fee hikes

Saudi allocates $3.1b to help cos with 2017-18 expat fee hikes

-- 2019-02-09 13:23:17

Saudi Arabia’s King Salman has approved a scheme to reimburse some of the companies who struggled to pay steadily increasing fees for expatriate work permits in 2017 and 2018 and waive the fee h...

LankaBangla Finance signs MoU with paprii.com

LankaBangla Finance signs MoU with paprii.com

FE Online Desk 2019-02-09 13:12:47

LankaBangla Finance Limited (LBFL) has recently signed a Memorandum of Understanding (MoU) with paprii.com for its ‘customer privilege’. Under the MoU, LBFL cardholders will enjoy 15 per...

Project to digitise land registration hits snag

Project to digitise land registration hits snag

Jubair Hasan 2019-02-09 11:09:23

A major project for digitising the country's manually-managed land registration system has remained almost shut for years due to reasons hitherto unknown, officials said. But sources at the Ministry...

DITF sees mad rush of visitors

DITF sees mad rush of visitors

Saif Uddin 2019-02-09 10:31:12

The Dhaka International Trade Fair (DITF) 2019 experienced a frantic rush of visitors on Friday, a weekly holiday, just before the event concludes today (Saturday). Impact of the enormous crowd was...

FSRU may operate at full capacity from this week

FSRU may operate at full capacity from this week

Our Correspondent 2019-02-09 10:24:15

Supply of liquefied natural gas (LNG) from the country's maiden floating LNG import terminal is expected to increase significantly from this week. This will have a positive impact on overall gas supp...

Ease of doing biz: BD to lower foreign trade cost, time

Ease of doing biz: BD to lower foreign trade cost, time

 Syful Islam 2019-02-09 09:44:52

The government targets to lower time and cost of overseas trading taking into consideration Singapore's success in this case, sources said. In the World Bank's latest 'ease of doing business' index,...

Environmental woes weigh on country’s leather export

Environmental woes weigh on country’s leather export

Mehdi Musharraf Bhuiyan 2019-02-09 09:15:12

Exports of leather and leather items have maintained a downtrend this fiscal as local manufacturers continue to bear the brunt of environmental non-compliance. Bangladesh exported leather and leather...

Fifty years on, Boeing’s 747  clings to life as cargo carrier

Fifty years on, Boeing’s 747 clings to life as cargo carrier

-- 2019-02-08 22:06:10

Boeing's 747 jumbo jet, an aircraft that democratized global air travel in the 1970s but fell behind modern twin-engine passenger jets, has bounced back from near death to mark its 50-year flying anni...

Indian goods could lose US zero tariff advantage

Indian goods could lose US zero tariff advantage

-- 2019-02-08 19:58:24

India could lose a vital US trade concession, under which it enjoys zero tariffs on $5.6 billion of exports to the United States, amid a widening dispute over its trade and investment policies, people...

Microbus registration plunges in 2018

Microbus registration plunges in 2018

FE Online Report 2019-02-08 18:07:50

Microbus registration in the country witnessed a significant decline in 2018 compared to that recorded in 2017. A total of 4,137 microbuses were registered in 2018, while it was 5,575 the year before...

Rangs Properties brings ‘Poytrishe Pochashi’ campaign in REHAB Fair

Rangs Properties brings ‘Poytrishe Pochashi’ campaign in REHAB Fair

FE Online Desk 2019-02-08 15:31:24

Rangs Properties Limited has launched a new campaign called ‘Poytrishe Pochashi’ in the Real Estate and Housing Association of Bangladesh (REHAB) fair. According to the campaign, the real...

Qantas cancels Airbus A380 order placed in 2006

Qantas cancels Airbus A380 order placed in 2006

-- 2019-02-08 14:40:39

Australia’s Qantas Airways said it formally cancelled a longstanding order for eight Airbus SE A380 superjumbo jets. Thursday's decision, which will remove the order placed in 2006 from the Air...