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Search results for: trade

Work on ERL unit-2 begins as general holidays end

Work on ERL unit-2 begins as general holidays end

Nazimuddin Shyamol 2020-06-23 10:10:07

CHATTOGRAM: The work on the second unit of Eastern Refinery Limited (ERL) has started again after the end of coronavirus-related general holidays. Sources said Tecnip of France, the company respons...

Omera's cylinder hits global mkt

Omera's cylinder hits global mkt

FE DESK REPORT 2020-06-23 10:06:21

Omera has started exporting LPG cylinders. The renowned LPG giant manufactured and exported the first consignment of its world-class LPG cylinders to a few companies based in Africa recently, said a...

Coronavirus hits metro rail work

Coronavirus hits metro rail work

MUNIMA SULTANA 2020-06-23 09:48:21

The metro rail authorities are facing a big challenge in checking the spread of coronovirus along its 20-kilometre open space construction site after detection of Covid-19 infection cases in one proje...

Govt urges garment owners to stop sacking

Govt urges garment owners to stop sacking

FE Report 2020-06-23 09:27:52

The government on Monday reiterated its call on garment factory owners to refrain from terminating any workers amid the coronavirus pandemic. Some 80 factories, mostly garment, had terminated aroun...

No source tax on govt securities, BB urges MoF

No source tax on govt securities, BB urges MoF

Siddique Islam 2020-06-23 09:19:24

The central bank has recommended the Ministry of Finance (MoF) not to impose the proposed source tax on the government securities, whose trading is set to start in the stock market within a couple of...

Govt to ensure financial assistance to tanners: Minister

Govt to ensure financial assistance to tanners: Minister

-- 2020-06-22 19:59:13

In an effort to boost the tannery industries ahead of the Eid-ul-Azha, the government will take necessary steps to ensure financial assistance to the traders, Industries Minister Nurul Majid Mahmud Hu...

Pandemic propels old-school bond traders towards an electronic future

Pandemic propels old-school bond traders towards an electronic future

REUTERS 2020-06-22 15:51:13

The mammoth bond market has long been the old-school bastion of the financial world, but the COVID-19 pandemic has cast a light on its future - and it looks electronic. Well, mainly. At the height of...

Facebook appoints Httpool as sales partner in BD

Facebook appoints Httpool as sales partner in BD

-- 2020-06-22 13:19:23

Facebook has appointed Httpool, an International cross channel advertising network, as the authorised sales partner in Bangladesh.  Httpool can now provide support and market expertise to local...

Industrial units not following health guidelines properly

Industrial units not following health guidelines properly

Monira Munni 2020-06-22 10:47:02

Industrial units especially the small and medium-sized ones were not properly following the health safety guidelines, resulting in rising number of coronavirus infections among the workers, sources...

BD flag carrier ship back in business at Ctg port after long 10 years

BD flag carrier ship back in business at Ctg port after long 10 years

Nazimuddin Shyamol 2020-06-22 10:44:31

CHATTOGRAM: After long 10 years a Bangladeshi flag carrier ship anchored at the jetty of Chittagong port on Sunday. The Bangladeshi flag carrier ship MV Sierra will start its maritime vogue on Tues...

Ten leather cos may take part in World Expo 2020

Ten leather cos may take part in World Expo 2020

FE REPORT 2020-06-22 10:29:10

Ten leather-sector companies registered with Bangladesh Small and Cottage Industries Corporation are expected to participate in World Expo 2020 to be held in Dubai on October 20, officials said. The...

Venture Capital Assoc urges policy support to save startups

Venture Capital Assoc urges policy support to save startups

FE REPORT 2020-06-22 10:04:31

                      Venture Capital and Private Equity Association of Bangladesh (VCPEAB) on Sunday sought incentives and policy support for s...

Customs goes tough against tax evasion in Benapole port

Customs goes tough against tax evasion in Benapole port

OUR CORRESPONDENT 2020-06-22 09:54:28

The Benapole customs authorities have launched a crackdown on tax evasion in Benapole customs house and port. The authorities have also intensified its efforts to increase import and export between t...

BTRC imposes restrictions on GP under SMP rules

BTRC imposes restrictions on GP under SMP rules

ISMAIL HOSSAIN 2020-06-22 09:52:04

The Bangladesh Telecom Regulatory Commission (BTRC) has finally imposed two restrictions on Grameenphone (GP) under the Significant Market Power (SMP) guidelines, aiming to create a level playing grou...

Waiver for 100pc export-oriented industrial units

Waiver for 100pc export-oriented industrial units

DOULOT AKTER MALA 2020-06-22 09:30:40

Export-oriented industries are set to enjoy a relief from furnishing declarations to the VAT authority on usage of raw materials for manufacturing the finished products. However, only the 100 per cen...

National Life Insurance CEO dies

National Life Insurance CEO dies

-- 2020-06-21 21:47:05

Jamal M A Naser, chief executive officer of National Life Insurance Company Ltd (NLIC), has died of COVID-19. He breathed his last at United Hospital Ltd in the capital on Sunday, according to media...

Govt allows ride-sharing services except motorbikes

Govt allows ride-sharing services except motorbikes

FE Online Report 2020-06-21 19:35:58

The Bangladesh Road Transport Authority (BRTA) has allowed the country’s ride-sharing companies to resume their services with only 255 enlisted vehicles. The regulatory body, however, did not g...

Biman resumes operations on Dhaka-London route

Biman resumes operations on Dhaka-London route

FE Online Report 2020-06-21 19:31:35

Biman Bangladesh Airlines on Sunday resumed scheduled international flight operations on Dhaka-London-Dhaka route after almost three months due to the coronavirus pandemic. A release issued by Biman...

BB slashes CRR to 1.5pc for NBFIs

BB slashes CRR to 1.5pc for NBFIs

FE Online Report 2020-06-21 18:21:03

The central bank has slashed cash reserve ratio (CRR) by 100 basis points to 1.5 per cent from the existing level of 2.5 per cent for non-banking financial institutions (NBFIs). Under the new rules,...

UK tells telcos to stockpile Huawei gear in face of US sanctions

UK tells telcos to stockpile Huawei gear in face of US sanctions

REUTERS 2020-06-21 12:05:09

British security officials have told UK telecom operators to ensure they have adequate stockpiles of Huawei equipment due to fears that new US sanctions will disrupt the Chinese firm’s ability t...

Huawei to receive planning permission to build 400-million-pound facility in UK

Huawei to receive planning permission to build 400-million-pound facility in UK

REUTERS 2020-06-21 11:44:29

Chinese telecoms equipment maker Huawei Technologies Co Ltd is expected to receive planning permission this week to build a 400-million-pound ($494.24-million) research and development centre in Brita...

Exploration of deep-sea block: Petrobangla seeks to scrap deal with Korean firm

Exploration of deep-sea block: Petrobangla seeks to scrap deal with Korean firm

M AZIZUR RAHMAN 2020-06-21 09:49:43

South Korean oil and gas exploration firm Posco International might lose its contract for the maiden deep sea exploration job in Bangladesh due to its 'failure' to meet the contractual obligation. Th...

Doctoring co data:  VAT intel seeks banks' co-op

Doctoring co data: VAT intel seeks banks' co-op

DOULOT AKTER MALA 2020-06-21 09:38:28

Banks may have to verify inconsistencies in the information businesses will provide in VAT returns and financial reports before approving a loan application. The lenders may also have to notify the...

India's pursuit of global investors hits turbulence

India's pursuit of global investors hits turbulence

REUTERS 2020-06-20 15:43:43

India’s ambition to attract more foreign money into its financial markets is being buffeted again, having only just started to make progress after years of talk but very little action. Deadly c...

KGDCL takes up new project to set up gas line at Mirerswari

KGDCL takes up new project to set up gas line at Mirerswari

NAZIMUDDIN SHYAMOL 2020-06-20 10:35:36

Karnaphuli Gas Distribution Company Limited (KGDCL) has taken up a new project worth Tk 2.13 billion (213 crore) to set up new gas lines at Sitakunda and Mirerswari for the industrial zones in Chattog...

Move to set up Eid cattle markets in city

Move to set up Eid cattle markets in city

FE REPORT 2020-06-20 10:25:05

The two city corporations will set up 24 makeshift cattle markets in Dhaka city ahead of the upcoming Eid-ul-Azha. The Dhaka South City Corporation (DSCC) and Dhaka North City Corporation (DNCC) have...

Imports through Benapole resume after three months

Imports through Benapole resume after three months

-- 2020-06-19 21:45:26

Import activities of perishable goods through Benapole Land Port resumed on Thursday night after three months. “Altogether 40 goods laden trucks entered through the port on Thursday night from...

BD gives Emirates greenlight to resume flights to Dhaka

BD gives Emirates greenlight to resume flights to Dhaka

-- 2020-06-19 21:30:10

Bangladesh has resumed air connectivity with the United Arab Emirates after the civil aviation authority gave Emirates Airlines permission to operate flights to and from the country, reports bdnews24....

Johnson & Johnson drops skin whitening creams

Johnson & Johnson drops skin whitening creams

-- 2020-06-19 21:08:12

Johnson & Johnson has decided to stop selling skin whitening creams popular in Asia and the Middle East, it has said, after such products have come under renewed social pressure in recent weeks am...

Emirates adds flights to 10 more cities

Emirates adds flights to 10 more cities

FE Online Desk 2020-06-19 15:57:45

Dubai-based Emirates has added scheduled flights to 10 more cities, taking the total number of destinations on offer for travellers to 40. The newly included cities are: Colombo (from 20 June), Sialk...