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Search results for: trade

Indian traders resume buying Malaysian palm oil

-- November 15, 2019 13:07:30

Indian refiners have resumed buying Malaysian palm oil after a near one-month suspension linked to a political row as Kuala Lumpur began offering a $5.0 a ton discount over supplies from rival Indones...

BSFIC sends SOS for Tk 12.70b fund

SYFUL ISLAM November 15, 2019 10:53:10

The Bangladesh Sugar and Food Industries Corporation (BSFIC) has sent a distress signal to the government, seeking immediate sanction of Tk 12.70 billion to save the state-owned sugar mills. The corp...

Influx of BD workers from KSA continues unabated

FE REPORT November 15, 2019 10:40:49

The influx of Bangladeshi workers from Saudi Arabia continued unabated following raids by the Arab country against irregular foreign workers, sources said. According to the welfare desk at the Hazrat...

Onion prices explode

FE REPORT November 15, 2019 10:37:49

The price of the local variety of onion went through the roof as it hit Tk 200 a kg at the retail level on Thursday. Even the previous day the price was hovering at Tk 170 a kg, traders and consumers...

ASM Mohiuddin Monem receives best tax payer award

FE Online Report November 14, 2019 18:35:06

ASM Mohiuddin Monem, deputy managing director of Abdul Monem Limited and chairman of ServicEngine Limited, has been honoured with the best tax payer award by the government for the sixth consecutive y...

BD bans heartburn drug Ranitidine

-- November 14, 2019 14:58:36

The government has banned the heartburn drug Ranitidine made with raw materials from two Indian companies after detecting high levels of cancer-causing ingredients in them. The Directorate General of...

48 entrepreneurs of industrial sector to get CIP cards

-- November 14, 2019 14:52:54

The government will award 48 entrepreneurs with commercially important person (CIP) (Industry) cards for their outstanding performances in respective fields in 2017. Industries Minister Nurul Majid M...

BD, Australia agree to form joint working trade group

-- November 14, 2019 14:46:38

Bangladesh and Australia have agreed to form a “Joint Working Group” to examine prospects and challenges of intensifying economic interactions at the prioritised sectors at a shortest poss...

EBL, Sarah Resort sign agreement

FE Online Desk November 14, 2019 14:14:44

VISA, Mastercard, Diners Club International, Discover and Union Pay International cardholders of Eastern Bank Limited (EBL) and any other banks can now avail services from Sarah Resort at Gazipur usin...

eGeneration wins ASOCIO ICT Awards

FE Desk Report November 14, 2019 11:08:36

eGeneration Limited won 2019 ASOCIO ICT Awards in the Outstanding User Organisation category in an event held at the Conference & Event Centre (CCEC) in Kuala Lumpur, Malaysia on Tuesday. The...

Row over 'Nirapon' activities: US retailers want BD to support their platform

FE Report November 14, 2019 10:48:13

A group of US apparel retailers and importers has urged Bangladesh government and other stakeholders to support their platform Nirapon's efforts to improve worker safety in the country's readymade gar...

BKB to automate all its branches by June next yr

FE Report November 14, 2019 10:41:00

Bangladesh Krishi Bank (BKB) has committed to implementing automation in all its branches with core banking software solution by June 2020. The bank made the pledge at a performance review meeting...

'Banks should have strong IT sections'

FE REPORT November 14, 2019 10:12:43

Tech professionals in the country's banking sector favoured special regulations and policies for better IT (information technology) employee management, recruitment and skill development, a survey has...

Onion price hits new high -Tk 170 a kg

FE REPORT November 14, 2019 10:02:17

Local onion price soars to an all time high of Tk 170 a kg in different retail markets across the city on Wednesday, according to traders and consumers. Price of the spice, which has been showing an...

Saudi Aramco to supply LNG to Bangladesh

-- November 13, 2019 21:48:29

Saudi Arabian state energy company Aramco plans to supply liquefied natural gas (LNG) to Bangladesh as part of a tentative $3 billion deal signed in October, officials told Reuters.ACWA Power and Saud...

US-China trade deal to remove 'dark cloud' on oil market

-- November 13, 2019 20:24:12

OPEC's Secretary General Mohammad Barkindo said on Wednesday he is confident that the United States and China would reach a trade deal and that it would remove a "dark cloud" over the oil market, repo...

Union Bank opens Bandartila branch

FE Online Desk November 13, 2019 14:01:44

Omar Farooque, Managing Director of Union Bank Limited, inaugurated the Bandartila Branch in Chattogram as the chief guest on Wednesday. Deputy Managing Director Hasan Iqbal was present as special...

Separate dept on cards to train, employ manpower

Monira Munni November 13, 2019 11:05:14

The government has taken a move to set up a separate department under the labour ministry mainly to generate skilled manpower and provide them with employment, officials said. The Ministry of Labour...

Tax fair starts Thursday

FE Report November 13, 2019 10:43:05

The countrywide tax fair is going to start from tomorrow (Thursday). In the fair, taxpayers will be able to pay their tax using the mobile financial services (MFS) for the first time. They will be ab...

Digitised G2P payment to help 'save millions'

FE REPORT November 13, 2019 10:12:25

The country can save millions by preventing the possible leakages in the social security schemes with proper implementation of the digitised G2P (government to person) payment system, speakers said at...

Number of foreign taxpayers static despite govt efforts

DOULOT AKTER MALA November 13, 2019 10:03:38

The number of foreign taxpayers has remained the same during the last three years, despite the government's efforts to trace the illegal aliens. The National Board of Revenue, or NBR, has devised fis...

Hydrocarbon exploration: Reliance on energy import delays fresh tender launching

M AZIZUR RAHMAN November 13, 2019 09:51:54

The government's delay in launching fresh bidding for hydrocarbon exploration is pushing Bangladesh to rely heavily on energy imports, thus putting mounting pressure on economy, industry insiders said...

Roula Khalaf becomes first woman editor of Financial Times

-- November 12, 2019 19:44:06

Roula Khalaf will replace Lionel Barber as editor of the Financial Times in January, the first woman to lead the salmon-pink newspaper in its 131-year history. Barber will step down after a 14 year t...

4,703 SUVs registered in Jan-Oct

FE ONLINE REPORT November 12, 2019 16:41:24

Registration of sport-utility vehicles (SUV) in hard/soft category stood at 4,703 in January to October 2019, according to official reports. Of the total, the number of SUV registration in Dhaka was...

Huawei to give staff $286m bonus for helping it ride out US curbs

-- November 12, 2019 15:15:20

Chinese telecoms giant Huawei Technologies said on Tuesday it will hand out 2 billion yuan ($286 million) in cash rewards to staff working to help it weather a US trade blacklisting. The world’...

Emirates’ first remote check-in terminal opens in Dubai

FE Online Desk November 12, 2019 14:38:42

Emirates’ on Monday inaugurated its first remote check-in terminal - outside of the airport - to provide seamless connections for cruise passengers. Located at Port Rashid in Dubai, the Emirate...

Thai food festival at Amari Dhaka

FE Online Desk November 12, 2019 14:29:20

Amari Dhaka is bringing the festive tastes of Thailand for Dhaka city dwellers and food enthusiasts. Authentic dishes of Thailand prepared by Thai culinary maestro and Amari’s newly appointed n...

Rice, onion prices up in city

FE REPORT November 12, 2019 10:28:31

City retail markets saw rice prices go up by Tk 4.0-6.0 a kg over the last few days while farmers are not getting fair price for their newly harvested Aman paddy. The sudden upturn in rice prices cam...

Mercantile Bank workshop on 'comprehensive risk management'

FE Desk November 12, 2019 10:24:57

Mercantile Bank organised a two day workshop titled "Comprehensive Risk Management" for senior credit & foreign trade officers at its training institute in Dhaka recently. A total of 50 officials...

NBR amends electronic seal and lock rules

DOULOT AKTER MALA November 12, 2019 10:08:15

National Board of Revenue (NBR) has amended the 'electronic seal and lock rules' to widen its coverage for transportation of export-import goods at all customs houses. With the amendments, the rules...