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Search results for: trade

AmCham starts providing assistance to marginal farmers

AmCham starts providing assistance to marginal farmers

FE Online Report 2020-07-05 18:42:48

American Chamber of Commerce in Bangladesh (AmCham) on Sunday started giving cash and technical assistance to 1,000 farm households, affected by the ongoing pandemic, in Sirajganj. The AmCham assista...

Rawhide traders can reschedule loans with 2pc down-payment

Rawhide traders can reschedule loans with 2pc down-payment

-- 2020-07-05 17:53:14

Rawhide traders have got an opportunity to reschedule their loans with a 2 per cent down-payment ahead of Eid-ul-Azha. Bangladesh Bank outlined the special facility in a circular issued on Sunday, re...

Indonesia says trade, investment deal with Australia takes effect

Indonesia says trade, investment deal with Australia takes effect

REUTERS 2020-07-05 15:06:00

An Indonesia-Australia deal that eliminates most trade tariffs between the two nations and aims to open up investment, took effect on Sunday, Indonesia’s Trade Ministry said. The Indonesia-Aust...

Iran rial slides to new low as coronavirus, sanctions weigh

Iran rial slides to new low as coronavirus, sanctions weigh

REUTERS 2020-07-05 12:18:49

The Iranian rial fell to a new low against the US dollar on the unofficial market on Saturday, as the economy comes under pressure from the coronavirus pandemic and US sanctions. The dollar was offer...

Sonali Bank fears profit slumps

Sonali Bank fears profit slumps

SYFUL ISLAM 2020-07-05 11:06:22

Sonali Bank fears its operating profit will slip by Tk 8.0 billion this year as fallout of the Covid-19 pandemic, causing further capital shortfall. The country's biggest state lender made some Tk 19...

Sacrificial animals in surplus this year

Sacrificial animals in surplus this year

SAJIBUR RAHMAN 2020-07-05 10:36:35

The government will take an initiative to ensure smooth management of sacrificial animals, reared by commercial and marginal farmers across the country, ahead of Eid-ul-Azha amid the Covid-19 pandem...

Work during pandemic: Entrepreneurs should embalm team spirit

Work during pandemic: Entrepreneurs should embalm team spirit

FE REPORT 2020-07-05 10:17:23

Entrepreneurs should prioritise sustaining the morale of their team members in recent times considering the Covid-19 situation in Bangladesh, a noted industrialist told a webinar on Saturday. The man...

Task force for action against 'ghost' power bill providers

Task force for action against 'ghost' power bill providers

FE REPORT 2020-07-05 10:14:34

A task force has recommended taking punitive measures against a dozen of employees of utility service providers for their alleged involvement in providing 'inflated' electricity bills to consumers. I...

NBR curbs bond licensing

NBR curbs bond licensing

DOULOT AKTER MALA 2020-07-05 09:50:05

The National Board of Revenue has tightened rules for issuing licences to the exporters for availing bonded warehouse facility so that its abuse can be checked. The board has imposed new conditions f...

'Corporates not preparing quality financial reports'

'Corporates not preparing quality financial reports'

FE Report 2020-07-05 09:30:51

Experts at an online meeting on Saturday said many corporates were not preparing quality financial reports. Chairman of Financial Reporting Council (FRC) CQK Mustaq Ahmed said at the meeting many com...

Malaysia suggests BD to provide enhanced support for SMEs

Malaysia suggests BD to provide enhanced support for SMEs

-- 2020-07-04 20:57:02

Acting High Commissioner of Malaysia to Bangladesh Amir Farid Abu Hasan has said Bangladesh, as an emerging economy, should emphasise more on supporting its entrepreneurs of the small medium enterpris...

Titas plans to bring 2.8m consumers under pre-paid metering system

Titas plans to bring 2.8m consumers under pre-paid metering system

-- 2020-07-04 20:34:07

Titas Gas Transmission and Distribution Company Limited (TGTDCL) plans to bring over 2.8 million consumers under prepaid metering system in phases to reduce wastages of this natural resource. “...

Britain and India's Bharti to buy OneWeb satellite company

Britain and India's Bharti to buy OneWeb satellite company

-- 2020-07-04 17:42:58

Britain has joined forces with India's Bharti Global to buy the collapsed satellite operator OneWeb, with the two sides pledging $1 billion between them to develop a constellation that could boost bro...

Bangladeshi startup Dataful receives Amazon grant

Bangladeshi startup Dataful receives Amazon grant

-- 2020-07-04 16:18:54

Bangladeshi startup Dataful, participating in the final round of the Startup Istanbul Acceleration Progamme, has received 5,000 US dollars in a grant from Amazon, UNB reports. The grant will be used...

BD plans signing FTAs with African countries

BD plans signing FTAs with African countries

FE Report 2020-07-04 10:15:59

The government has planned to sign free trade agreements, or FTAs,with some African countries, including Morocco,to boost the country's export earnings, officials said. They said the commerce ministr...

Bicycle industry shining

Bicycle industry shining

MIR MOSTAFIZUR RAHAMAN 2020-07-04 09:38:29

When Covid pandemic has put a damper on most businesses, country's bicycle manufacturers are enjoying their heyday. Bicycle sales at home and abroad have gone up significantly in recent months. In v...

Bulk-heads illegally carrying coals, stones from mother vessels

Bulk-heads illegally carrying coals, stones from mother vessels

NAZIMUDDIN SHYAMOL 2020-07-03 15:36:24

CHATTOGRAM: A section of importers are using bulk-head vessels instead of lighterage ships in carrying goods from mother vessels and big ships from the Outer Anchorage of Chittagong Port violating the...

'Fair & Lovely' to be rebranded as 'Glow & Lovely'

'Fair & Lovely' to be rebranded as 'Glow & Lovely'

Reuters 2020-07-03 13:04:49

The Indian arm of global consumer giant Unilever said on Thursday it would rebrand its skin-lightening cream ‘Fair & Lovely’ to ‘Glow & Lovely,’ after facing backlash t...

BIDA to add 23 new services to its OSS portal

BIDA to add 23 new services to its OSS portal

FE Report 2020-07-03 12:26:23

Bangladesh Investment Development Authority (BIDA) is preparing to integrate 23 more new services to its online One-Stop Service (OSS) portal in an effort to facilitate investment in the country. The...

Bangladeshi firm Globe Biotech in race to develop Covid-19 vaccine

Bangladeshi firm Globe Biotech in race to develop Covid-19 vaccine

FE REPORT 2020-07-03 10:25:47

A Bangladeshi company on Thursday claimed to have developed a Covid-19 vaccine and completed preliminary animal trial successfully. The vaccine developing company namely Globe Biotech Ltd, a sister c...

Cattle raisers fear price slump in Magura

Cattle raisers fear price slump in Magura

OUR CORRESPONDENTS 2020-07-03 10:04:56

MAGURA: Cattle rearers in the district are in apprehension of a drastic fall in the prices of sacrificial animals during Eid-ul-Azha this year for a sluggish demand of the animals due to the coronav...

Country's lone granite mine remains shut with 'tiny' stock

Country's lone granite mine remains shut with 'tiny' stock

M AZIZUR RAHMA 2020-07-03 09:54:30

Contractor's apathy has pushed the country's lone hard rock mine at Madhya Para under Parbatipur upazila in Dinajpur 'unproductive' over past several months. The stock of hard rocks of several sizes...

Pathao resumes car services in Dhaka

Pathao resumes car services in Dhaka

FE Online Report 2020-07-02 20:47:30

Pathao officially resumed its car services from Thursday with almost 2,000 four-wheelers after a break of three months due to coronavirus pandemic. Earlier, due to strict stance of the Bangladesh Roa...

Biman to start Dhaka-Toronto direct flight from October

Biman to start Dhaka-Toronto direct flight from October

-- 2020-07-02 20:43:26

Biman Bangladesh Airlines is all set to start operating direct flights from Dhaka to Toronto and from there to New York by Air Canada from October this year, reports UNB. “We’ll start ope...

Weekly kitchen market report: Eggs, green chilli, vegetables became pricier

Weekly kitchen market report: Eggs, green chilli, vegetables became pricier

FE Online Report 2020-07-02 19:46:45

Farm eggs, green chilli and some vegetables became pricier last week battering the consumers amid the pandemic. However, beef and lentil prices showed a slight decline during the period while rice pr...

Local fabric, RMG exporters to take part in three-day virtual show

Local fabric, RMG exporters to take part in three-day virtual show

FE Online Report 2020-07-02 18:55:33

Local fabric and readymade garment exporters under the state-owned Export Promotion Bureau (EPB) will take part at the three-day virtual show, first of its kind, scheduled to begin on July 21. ...

Oil prices gain on fall in US crude stockpiles

Oil prices gain on fall in US crude stockpiles

REUTERS 2020-07-02 16:21:24

Oil prices rose on Thursday as a sharp drop in oil stockpiles outweighed concerns that a spike in US coronavirus infections and revived lockdown measures in California could stall a recovery in fuel d...

World food price index rises in June, first increase in 2020: UN

World food price index rises in June, first increase in 2020: UN

REUTERS 2020-07-02 15:54:46

World food prices rose in June to post their first increase of 2020 and mark a slight rebound after the sharp falls triggered by the coronavirus pandemic, the United Nations food agency said on Thursd...

US House passes bill to sanction Chinese banks over Hong Kong

US House passes bill to sanction Chinese banks over Hong Kong

REUTERS 2020-07-02 12:37:18

The US House of Representatives passed legislation on Wednesday that would penalise banks doing business with Chinese officials who implement a national security law that House Speaker Nancy Pelosi ca...

SBAC BANK gets Tariqul Islam Chowdhury as MD and CEO

SBAC BANK gets Tariqul Islam Chowdhury as MD and CEO

FE ONLINE DESK 2020-07-02 12:33:30

Tariqul Islam Chowdhury has been appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of South Bangla Agriculture and Commerce (SBAC) Bank Limited. He was earlier the Acting MD a...