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Search results for: trade

Mastercard announces Eid-ul-Azha campaign

FE Online Desk August 26, 2017 13:30:37

 Mastercard recently announced the launch of its new campaign for Eid-ul-Azha which comes with a host of exciting offers ahead of the Holy day. The campaign aims to promote the use of Mastercard...

Biman to borrow $516.34m to make ‘delivery payment’

Rezaul Karim August 26, 2017 10:32:43

Biman Bangladesh Airlines (BBA) will borrow US$ 516.34 million to make final payment against the delivery of four passenger aircraft as part of its move to rebuild its fleet, officials said. The nati...

Oil prices rise as storm catches companies

-- August 25, 2017 20:53:14

Oil prices rose on Friday as the US petroleum industry braced for Hurricane Harvey, which has grown into what may become the biggest storm to hit the US mainland in more than a decade.   Harvey...

WB okays $59m 'costly' loan for power sector

FE Report August 25, 2017 13:24:09

Bangladesh has got access to the World Bank's costly lending regime in a credit line valued at US$59 million.   While Bangladesh will be the first recipient of the bank's newly-introduced windo...

Samsung chief gets 5-year prison term

-- August 25, 2017 13:13:59

A court in South Korea has sentenced Samsung's billionaire heir-apparent Lee Jae-yong to five years in prison for corruption.   Lee was convicted of bribery in a scandal that also saw the impea...

Samsung heir jailed for graft

-- August 25, 2017 13:02:47

A court in South Korea has sentenced Samsung's billionaire heir-apparent Lee Jae-yong to five years in prison for corruption. Mr Lee was accused of bribery in a scandal that also saw the impeachmen...

Rice imports jump

-- August 24, 2017 14:44:39

Bangladesh has been importing about 7,000 tonnes of rice a day since the government slashed duty to make up for crop losses in two consecutive floods. The government and private traders have imported...

Dhaka, Delhi to swap trade-boosting recipes

Doulot Akter Mala August 23, 2017 04:20:32

Dhaka would propose relaxing Indian port restrictions on imports, rethinking countervailing duty (CVD) on specific Bangladesh goods and improving border infrastructure on their side for boosting the t...

J&J loses $417m talcum powder lawsuit

Reuters August 22, 2017 07:47:02

A California jury on Monday ordered Johnson & Johnson to pay $417 million to a woman who claimed she developed ovarian cancer after using the company's talc-based products like Johnson's Baby Powd...

Tobacco Inc to buy Mighty Corp for $936m

Reuters August 22, 2017 07:28:42

Japan Tobacco Inc said on Tuesday it would buy the tobacco business of the Philippines' Mighty Corp for about $936 million (726 million pounds) as it aims to gain a foothold in the market. The transa...

Dollar price inches higher

-- August 22, 2017 06:29:45

The dollar inched higher against a basket of currencies on Tuesday, with traders focusing on the annual central banking conference in Jackson Hole this week for insights into the outlook for monetary...

Gold prices lower as dollar firms

Reuters August 22, 2017 06:09:59

Gold prices were a touch lower on Tuesday, pressured by an uptick in the dollar, and investors remaining cautious ahead of an annual central banking meeting in Jackson Hole later this week. Spot...

ACI Motors arranges mega service camp

FE Online Desk August 22, 2017 05:30:35

A five- day long Mega Service Camp, arranged by ACI Motors Ltd, the sole distributor of Yamaha Motor Cycle and its spare parts in Bangladesh began at International City Convention Bashundhara in Dhaka...

China's Great Wall sets sights on Fiat Chrysler

FE Online Desk August 22, 2017 04:50:47

A direct overture by Chinese automaker Great Wall Motor Co Ltd to Italian-American automaker Fiat Chrysler Automobiles NV sent FCA shares up sharply on Monday, as investors cheered the potential sale...

Outmoded rail law up for update after 125 years

Munima Sultana August 22, 2017 04:49:41

An outmoded law governing Bangladesh Railway (BR) is now up for an update, after more than 125 years, for improving the rail-communications system and services to match up to modern-day demand.  ...

Thirty-nine foreign firms submit EoIs to supply LNG

FE Report August 22, 2017 04:44:30

Thirty-nine global firms are willing to supply spot LNG to Bangladesh as the government plans spot purchase of the new fuel from the international market, officials said.   The firms from the U...

Job cuts hit ICT industry

FE Report August 22, 2017 03:42:59

Random job cuts in recent months at a number of renowned ICT companies like Ericsson, Accenture and Grameenphone, often in the name of Voluntary Retirement Scheme (VRS), have prompted a sort of uncert...

Thai Q2 GDP growth fastest in four years

Reuters August 21, 2017 08:16:21

Thailand's economy capped a solid performance for Southeast Asia in the second quarter, growing at its fastest clip in over four years on strong exports. Robust tourism and farm output also helped th...

Gold trades little changed

Reuters August 21, 2017 07:37:01

Gold prices were little changed on Monday as investors sought further direction after a week of geopolitical uncertainty in the United States and Europe. Spot gold edged 0.1 per cent higher at $1,286...

Oil price steady amid rising US output

Reuters August 21, 2017 07:20:32

Oil markets were stable on Monday, though rising US output weighed on hopes the market will tighten after a 13 per cent fall in US crude inventories since March. Brent crude futures, the internationa...

China to re-launch the world's fastest bullet trains

AP August 21, 2017 06:54:07

China is re-launching the world's fastest bullet trains, running at 350 kilometers (217 miles) per hour. The trains will service the route from Beijing to Shanghai starting next month, making the 1,25...

Bangladesh, India meeting tomorrow on courier shipments

-- August 21, 2017 06:47:32

Expanding courier shipments by the land ports between Bangladesh and India would help boost trade between two countries. This opinion was expressed at a research conducted by the South Asian Network...

Chittagong port project draws global operators

Jasim Uddin Haroon August 21, 2017 06:46:54

Five big global marine and inland terminal operators are queuing up for the contract to build Bangladesh's maiden specialised maritime terminal in Chittagong.   A local company is also an aspir...

Bus operators raise Eid ticket fares at will

FE Report August 21, 2017 04:08:22

Bus operators are charging exorbitant and arbitrary fares for advance tickets from the home-goers on the occasion Eid-ul-Azha.   A visit to some of the city's bus counters revealed that the ope...

Energy likely to be threefold costlier over next 10 yrs

FE Report August 20, 2017 04:28:04

Country's energy prices might see a threefold hike over next 10 years as the government opted for importing 'expensive' liquefied natural gas (LNG) from next year. Such prediction came from an energy...

BB likely to set deadline for anti-fraud compliance

-- August 20, 2017 04:16:46

Bangladesh Bank (BB) is likely to fix a deadline for banks to take 'compliance measures' to prevent fraudulence as the incidents of credit card forgery are on the rise.   According to a UNB sto...

'Salt prices increasing ahead of Eid-ul-Azha'

UNB August 20, 2017 03:48:40

Tanners are worried over the high prices of salt in the country ahead of the Eid-ul-Azha as it will raise the cost of rawhide preservation of sacrificed animals. Salt, an essential ingredient for the...

Walton fridge sales up by 30pc in Jan-July

FE Online Report August 19, 2017 08:04:02

The country’s electronic giant ‘Walton’ registered 30.29 per cent fridge sales growth in the first seven months of the current year compared to the same period in the last year. Acc...

Falling interest rates leave no bearing on apartment sales

Ismail Hossain August 19, 2017 08:02:39

The reduced rates of interest on housing loans have hardly made any impact on sales of flats as around 10,000 apartments still remain unsold, according to realtors.   Many members of the apex b...

AT&T considers sale of home security business

Reuters August 19, 2017 06:20:42

AT&T Inc (T.N) is exploring options for its Digital Life home security business, including selling it, as it seeks to pay down debt following its planned $85.4 billion acquisition of Time Warner...