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Search results for: trade

Nagad app now available on iOS

Nagad app now available on iOS

FE Online Desk 2019-08-02 15:21:53

Nagad, the digital financial service of Bangladesh Post Office, launched its app for the popular operating system iOS on Thursday. With the unveiling, the iPhone and iPad users will now be able to use...

Toyota posts 8.7pc rise in Q1 operating profit

Toyota posts 8.7pc rise in Q1 operating profit

Reuters 2019-08-02 14:44:26

Toyota Motor posted on Friday an 8.7pc rise in first-quarter (Q1) profit due to a slight increase in global vehicle sales and an improvement in marketing costs Japan’s biggest automaker posted...

Honda Q1 operating profit drops 16pc

Honda Q1 operating profit drops 16pc

-- 2019-08-02 14:29:41

Japan’s Honda Motor Co reported a 16 per cent drop in first-quarter (Q1) operating profit on Friday, as a stronger yen weighed on overseas earnings and US vehicle sales dropped. Japan’s N...

Boeing plans further changes to 737 MAX software

Boeing plans further changes to 737 MAX software

-- 2019-08-02 12:28:52

Boeing plans further changes to the software architecture of the 737 MAX flight-control system to address a flaw discovered after a test in June, two people briefed on the matter said late on Thursd...

India offers to export 5,000 more tonnes of diesel thru waterways

India offers to export 5,000 more tonnes of diesel thru waterways

M Azizur Rahman 2019-08-02 11:23:45

The Indian Oil Corporation Ltd. (IOCL), a state-owned company of India, has offered to export around 5,000 tonnes of diesel to Bangladesh every month using waterways, doubling India's export of petrol...

Trump hits China with more tariffs; markets hit hard

Trump hits China with more tariffs; markets hit hard

-- 2019-08-02 11:13:06

US President Donald Trump vowed to impose a 10 per cent tariff on $300 billion of Chinese imports from September 1, sharply escalating a bruising trade war between the world’s largest economies...

BD's global share of RMG static

BD's global share of RMG static

Asjadul Kibria 2019-08-02 10:16:59

When China has been rapidly losing its share in the global apparel export market for the past three years, Bangladesh's share remains static at around 6.40 per cent. Chinese share in the global ready...

Colombia seeks more cooperation with China in agriculture, 5G

Colombia seeks more cooperation with China in agriculture, 5G

Global Times 2019-08-01 17:47:33

Despite being caught in the middle of a geopolitical tug of war between Beijing and Washington, Colombia is likely to approach the huge Chinese market, as can be seen in the recent state visit by its...

Asian factories suffering, more stimulus seen ahead

Asian factories suffering, more stimulus seen ahead

-- 2019-08-01 14:04:52

Asian factory activity contracted further in July, fuelling worries that a Sino-US trade war and a slowdown in China could tilt the world toward a global recession, which central banks will have to fi...

UCC inks agreement deal with a2i

UCC inks agreement deal with a2i

FE Online Desk 2019-08-01 13:40:34

United Commercial Bank Limited (UCB) has signed an agreement with a2i (Access to Information) project of Prime Minister’s Office (PMO) in the capital recently. Arif Quadri, additional managin...

US accuses Chinese billionaire of evading $1.8b in tariffs

US accuses Chinese billionaire of evading $1.8b in tariffs

-- 2019-08-01 12:48:41

Chinese billionaire Liu Zhongtian has been indicted in the US over allegations he evaded $1.8 billion (£1.5b) in tariffs on aluminium imports. Prosecutors accuse Mr Liu of using the aluminium c...

NBR gives until Aug 14 to update VAT reg info

NBR gives until Aug 14 to update VAT reg info

FE Report 2019-08-01 10:09:49

The National Board of Revenue (NBR) extended the deadline for updating VAT registration information to August 14 to help VAT payers submit their returns, officials said. This precedes the last date o...

Thrust on removing NTBs, improving connectivity

Thrust on removing NTBs, improving connectivity

FE Report 2019-08-01 09:54:43

Speakers at a workshop on Wednesday called for removing non-tariff barriers (NTBs), improving customs facilities in the both ends of land ports and ensuring better connectivity to increase trade b...

Biman makes Tk 2.72b profit in FY19

Biman makes Tk 2.72b profit in FY19

-- 2019-07-31 20:26:38

Biman Bangladesh Airlines has made a breakthrough in last 2018-19 fiscal year by making profit of Taka 2.72 billion.  “We made the profit as a result of brining some positive changes in th...

'Digitial financial service linking thousands to mainstream economic activities'

'Digitial financial service linking thousands to mainstream economic activities'

FE Report 2019-07-31 19:47:06

Digital Financial Service (DFS) sector have been playing a key role in financial inclusion of the people in the country, thus connecting thousands to the mainstream economic activities, experts at a c...

EBL gives relief goods to flood victims in Tangail

EBL gives relief goods to flood victims in Tangail

FE Online Report 2019-07-31 15:37:26

Eastern Bank Limited (EBL) has distributed food and medicine among the flood affected people at different areas of the Tangail district. Tanvir Hasan Soto Monir, Member of the Parliament Tangail-2,...

BRAC Bangladesh welcomes Asif Saleh as its new ED

BRAC Bangladesh welcomes Asif Saleh as its new ED

FE Online Desk 2019-07-31 13:06:15

Asif Saleh has been appointed the new Executive Director of BRAC Bangladesh with effect from Thursday (August 1). He joined BRAC in 2011 and took up an increasingly important role in leading advocacy...

Mobil Partners’ Meet 2019 held in city

Mobil Partners’ Meet 2019 held in city

FE Online Desk 2019-07-31 12:36:17

MJL Bangladesh Limited (MJLBL), strategic alliance partner of ExxonMobil, recently organised Mobil Partners’ Meet 2019 at InterContinental Dhaka. Azam J Chowdhury, Chairman, East Coast Group an...

Samsung profits plunge 56pc in second quarter

Samsung profits plunge 56pc in second quarter

-- 2019-07-31 12:05:31

Samsung Electronics saw profits plunge in the second quarter (Q2) as its key chip business faltered, and the firm also warned of "challenges" ahead. The world's biggest smartphone and memory chip mak...

Govt moves to prepare list of abandoned commercial properties

Govt moves to prepare list of abandoned commercial properties

Talha Bin Habib 2019-07-31 11:00:39

The government has asked the deputy commissioners (DCs) to provide it with the lists of abandoned commercial properties located in their respective districts. The Ministry of Commerce (MoC) at a...

About 130 factories yet to pay wages for June

About 130 factories yet to pay wages for June

FE Report 2019-07-31 10:27:04

About 130 factories except those located in the Dhaka metropolis did not pay any wage for the month of June until Tuesday, according to official data. Out of the 130 factories, 62 are members of Bang...

Unit price of US apparel imports from BD up 25.6pc, says study

Unit price of US apparel imports from BD up 25.6pc, says study

Monira Munni 2019-07-31 10:10:44

Prices of per unit apparel items exported from Bangladesh to its single largest destination — the USA — have increased by 25.6 per cent in the first five months of the current year, accord...

BEF re-elects Kamran as its president

BEF re-elects Kamran as its president

FE Report 2019-07-31 00:14:04

Kamran T. Rahman has been re-elected President of Bangladesh Employers' Federation (BEF) for the two-year term, 2019-2021. Mr. Kamran T. Rahman is a leading entrepreneur in the jute and tea sectors o...

Johnson's no-deal Brexit gamble hammers sterling

Johnson's no-deal Brexit gamble hammers sterling

-- 2019-07-30 15:12:27

The British pound tumbled on Tuesday as investors bet Prime Minister Boris Johnson’s Brexit brinkmanship with the European Union could trigger a messy divorce that would sow chaos through the wo...

Pound plummets to 28-month low on Brexit fears

Pound plummets to 28-month low on Brexit fears

-- 2019-07-30 13:15:51

The pound sank to a 28-month low against the dollar as Boris Johnson's government toughened its rhetoric on Brexit. Sterling on Monday dipped 1.1 per cent to $1.2242 and €1.1004 respectively, th...

Hacker stole data of 106m customers in Canada, US

Hacker stole data of 106m customers in Canada, US

Reuters 2019-07-30 10:50:52

The US-based Capital One Financial Corp said on Monday that personal information including names and addresses of about 100 million individuals in the United States and 6 million people in Canada were...

Trade jitters grip US cos ahead of new talks

Trade jitters grip US cos ahead of new talks

-- 2019-07-30 10:27:10

Worries about the US-China trade war are running high during the current US quarterly reporting season, with companies as diverse as Juniper Networks and O’Reilly Automotive bemoaning the conseq...

Diesel imports drop by 15.38pc in H1

Diesel imports drop by 15.38pc in H1

M Azizur Rahman 2019-07-30 10:19:43

The country's diesel consumption is on the decline as diesel-fired power plants are using less-than-expected fuel after the start of LNG imports. Loss of state-run Bangladesh Petroleum Corporation...

Most banks don’t maintain database, says survey

Most banks don’t maintain database, says survey

FE Report 2019-07-30 10:13:44

The majority of banks don't maintain database to assess the financial impact of internal audit (IA) on many types of performances of banks, a survey revealed on Monday. Some 72 per cent banks said th...

Ease process of benefits for API industry: PMO

Ease process of benefits for API industry: PMO

Doulot Akter Mala 2019-07-30 10:04:24

The Prime Minister's Office (PMO) has asked the Ministry of Finance to remove discrepancies between Active Pharmaceuticals Ingredients (API) policy and revenue board's orders. The removal of such inc...