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Search results for: trade

Govt plans fair rawhide prices from next Eid

Govt plans fair rawhide prices from next Eid

Rezaul Karim 2019-10-26 10:31:11

The government plans to introduce a system of fixing rational prices of rawhide of sacrificial animals from next Eid-ul-Azha in a bid to prevent repeat of the price debacle seen this year, officials...

TCB suffers Tk 147m loss in two fiscal years

TCB suffers Tk 147m loss in two fiscal years

FE REPORT 2019-10-26 10:27:54

The Trading Corporation of Bangladesh (TCB) has sought Tk 147 million in subsidies from the government to make up for the financial loss that it had incurred in the last two financial years. The stat...

Jute ministry pushes for steps on India's tariff barrier

Jute ministry pushes for steps on India's tariff barrier

REZAUL KARIM 2019-10-26 10:16:37

The Ministry of Textiles and Jute has sought necessary government steps to settle the issue of anti-dumping duty imposed by India on Bangladeshi jute goods, officials said. In a letter, Textiles and...

Matarbari to host deep seaport

Matarbari to host deep seaport

FHM HUMAYAN KABIR 2019-10-26 10:05:42

The government is set to build Matarbari deep seaport, near Cox's Bazar, with funding from Japan, officials said. The officials said the port will be set up to handle large ocean-going ships, cargoes...

FBCCI seeks nanotechnology support from New York State senators

FBCCI seeks nanotechnology support from New York State senators

-- 2019-10-25 22:21:52

The Bangladesh Chambers of Commerce and Industry (FBCCI) has sought nanotechnology support from the senators of the New York State of the United States. The apex trade body sought the support at a me...

China among top 10 improvers in business climate 2nd year in a row: World Bank

China among top 10 improvers in business climate 2nd year in a row: World Bank

Xinhua 2019-10-25 16:01:32

China is among the 10 economies where business climates improved the most, and it is on the list of top 10 improvers for a second consecutive year, according to the World Bank's annual doing business...

Use of currencies other than US dollars can be explored: Speakers

Use of currencies other than US dollars can be explored: Speakers

FE REPORT 2019-10-25 09:57:23

Despite the country's high dependency on using the US dollar (US$) in foreign trade, possibility of using other alternative currencies in certain bilateral and regional trade transactions can be explo...

Now NBR drawback office to refund VAT

Now NBR drawback office to refund VAT

DOULOT AKTER MALA 2019-10-25 09:46:13

The National Board of Revenue (NBR) has decided to issue VAT refund for export-oriented sectors and international organisations from its drawback office, instead of VAT field-offices, in a bid to simp...

Work on Bangabandhu rail  bridge likely to start in Dec

Work on Bangabandhu rail bridge likely to start in Dec

MUNIMA SULTANA 2019-10-25 00:51:38

The construction work of Bangabandhu Sheikh Mujib Railway Bridge over the Jamuna River is expected to start in December this year with a significant rise in overall project cost, sources said. Bang...

Japanese cos to invest in Saudi Arabia’s tourism industry

Japanese cos to invest in Saudi Arabia’s tourism industry

-- 2019-10-25 00:50:23

There is a genuine interest among Japanese companies to invest in Saudi Arabia's rapidly growing entertainment and tourism industries, with some planning to set up their own operations in the Kingdom...

Daraz to launch '11.11' campaign for second time

Daraz to launch '11.11' campaign for second time

-- 2019-10-24 18:54:09

Country’s largest online marketplace Daraz Bangladesh is going to arrange the '11.11' campaign for the second time. The one-day sale event will provide a great shopping experience with more tha...

India's top court orders mobile operators to pay $13 billion in dues

India's top court orders mobile operators to pay $13 billion in dues

-- 2019-10-24 16:24:59

India’s top court on Thursday upheld a demand by the telecom department that wireless carriers pay 920 billion Indian rupees ($12.97 billion) in overdue levies and interest, TV channels reported...

China-Japan economic, trade cooperation contributes to world economic growth: Japanese expert

China-Japan economic, trade cooperation contributes to world economic growth: Japanese expert

-- 2019-10-24 16:14:14

As the world economy is slowing down, closer cooperation between China and Japan will contribute to world economic growth, Noriyoshi Ehara, chief economist at the Institute of International Trade and...

Emirates offers a fun-filled winter break in Dubai

Emirates offers a fun-filled winter break in Dubai

FE Online Desk 2019-10-24 14:15:29

Emirates has announced a number of promotional offers for those who plan to discover Dubai with its shopping festivals, traditional souks, stunning beach resorts, fine dining, adventure water parks an...

Hyundai third-quarter profit misses estimates

Hyundai third-quarter profit misses estimates

Reuters 2019-10-24 12:43:44

Hyundai Motor’s quarterly (Q3) net profit widely missed analyst estimates, after the South Korean automaker booked additional charges to address potential engine defects in the United States and...

42pc Indians prefer digital payment: Report

42pc Indians prefer digital payment: Report

-- 2019-10-24 12:39:17

About 42 per cent of Indians prefer making payments using the digital methods and desist from cash payments, according to a survey conducted by ACI Worldwide and YouGov. Most of the consumers making...

Ghosn’s lawyers seek dismissal of charges, accuses prosecutors of misconduct

Ghosn’s lawyers seek dismissal of charges, accuses prosecutors of misconduct

-- 2019-10-24 10:55:32

Carlos Ghosn’s lawyers have asked the Tokyo District Court to dismiss all charges against the former Nissan Motor Co Ltd chairman, saying prosecutors colluded with government officials and Nissa...

IDCOL plans to mobilise $250m to make RMG sector energy efficient

IDCOL plans to mobilise $250m to make RMG sector energy efficient

FE REPORT 2019-10-24 10:39:05

Infrastructure Development Company Limited (IDCOL) plans to mobilise US$ 250 million to help make the country's garment sector energy efficient. Of the total, $150 million will be sought from the G...

Two bodies to work on closing gap with IFRS

Two bodies to work on closing gap with IFRS

JASIM UDDIN HAROON 2019-10-24 10:34:58

The country's audit watchdog has formed two working groups to set accounting rules in line with the international financial reporting standards (IFRS) to further standardise the accounting practices h...

China to further develop its service trade

China to further develop its service trade

Xinhua 2019-10-23 17:36:07

China's economic authorities have set principled requests on having a more competitive service industry to meet the ever-growing demand of its consumers and improve the quality of the Chinese economy....

BSCIC cancels allocation of 11 plots at Savar tannery estate

BSCIC cancels allocation of 11 plots at Savar tannery estate

BSS 2019-10-23 17:12:20

The Bangladesh Small and Cottage Industries Corporation (BSCIC) has cancelled the allotment of 11 plots at the Savar tannery industrial city as the owners of these plots failed to construct factory an...

EBL offers ATM, CDM facilities at Jamuna Future Park

EBL offers ATM, CDM facilities at Jamuna Future Park

FE Online Desk 2019-10-23 13:57:42

Eastern Bank Ltd (EBL) is offering ATM and Cash Deposit Machine (CDM) facilities at the Wholesale Club premises of Jamuna Future Park, allowing customers to perform cash withdrawals and deposits while...

Huawei launches foldable phone in China

Huawei launches foldable phone in China

-- 2019-10-23 13:39:01

Huawei Technologies Co Ltd launched its foldable 5G Mate X smartphone on Wednesday, starting pre-sales for the device in China on the same day. Huawei announced the smartphone’s launch on its o...

Working to enhance Bangladesh’s air connectivity: PM

Working to enhance Bangladesh’s air connectivity: PM

-- 2019-10-23 12:54:46

Prime Minister Sheikh Hasina on Wednesday said the government is working to enhance Bangladesh’s air connectivity with the rest of the world. "We’ve procured 10 passenger carriers in the...

Exports to Turkey see sharp fall in five years

Exports to Turkey see sharp fall in five years

Rezaul Karim 2019-10-23 10:47:37

A sustained fall in exports of Bangladeshi products to Turkey has prompted the government to dig out the causes of the sharp decline, officials said. To this end, the Bangladesh embassy in Ankara h...

BB updates BEFTN system

BB updates BEFTN system

FE REPORT 2019-10-23 10:47:19

The Bangladesh Bank (BB) has updated its electronic funds transfer system that will come into effect from tomorrow (October 24) to facilitate business activities across the country. Payments will be...

BPDB seeks rise in bulk power tariff or subsidy

BPDB seeks rise in bulk power tariff or subsidy

M AZIZUR RAHMAN 2019-10-23 10:22:40

The BPDB in a proposal submitted to the Bangladesh Energy Regulatory Commission (BERC) requested for regulator's initiative to arrange subsidy if the latter was unwilling to allow any tariff hike, a s...

BR mulls over fare hike on ADB pressure

BR mulls over fare hike on ADB pressure

MUNIMA SULTANA 2019-10-23 10:09:26

Bangladesh Railway (BR) is planning to raise fares for both passenger and freight trains to meet a requirement of the Asian Development Bank (ADB) as part of the railway reform programme. The last ti...

China's 2019 coal imports set to  rise more than 10pc: Analysts

China's 2019 coal imports set to rise more than 10pc: Analysts

-- 2019-10-23 00:33:08

China, the world's top coal buyer, is on track to boost imports of the fuel by more than 10 per cent this year, traders and analysts said on Tuesday, countering earlier expectations that shipments wou...

Construction in full swing for Expo 2020 Dubai

Construction in full swing for Expo 2020 Dubai

-- 2019-10-23 00:31:57

Organisers gave on Tuesday a glimpse of the ongoing construction of the vast Expo 2020 site located south of Dubai, one year ahead of the World Expo's opening in October next year, reports Arab News....