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Search results for: trade

RMG sector in a fix, as buyers cancelling orders

RMG sector in a fix, as buyers cancelling orders

MONIRA MUNNI 2020-03-18 10:30:11

Local apparel sector has started bearing the brunt of the ongoing coronavirus outbreak, as some buyers, especially those from the affected countries, are gradually cancelling their import orders, indu...

Railway now opts for chord line

Railway now opts for chord line

MUNIMA SULTANA 2020-03-18 10:21:07

Bangladesh Railway (BR) has finally shelved its plan to introduce expensive high-speed train on the Dhaka-Chattogram route considering another option to set up a chord line with less investment, whi...

Volkswagen plans to close Europe plants for two weeks

Volkswagen plans to close Europe plants for two weeks

-- 2020-03-17 17:08:59

Volkswagen plans to close most of its European plants for two weeks due to uncertainty about demand for cars and supplies of parts amid the virus outbreak. German automaker also said it is not possib...

Grand feast from Middle East begins at Westin Dhaka

Grand feast from Middle East begins at Westin Dhaka

FE Online Desk 2020-03-17 13:16:14

An 11-day grand feast from the Middle East began at The Westin Dhaka from March 16. Exotic dishes and desserts from Iran, Iraq, Syria, Lebanon, Turkey, Egypt, Saudi Arabia, Qatar, Kuwait and from man...

ICSB pays tribute to Bangabandhu

ICSB pays tribute to Bangabandhu

FE Online Desk 2020-03-17 12:13:25

The Institute of Chartered Secretaries of Bangladesh (ICSB) paid tributes to the memory of Bangabandhu Sheikh Mujibur Rahman to mark his birth centenary on Tuesday. The ICSB members gathered on the...

Onion farmers incur losses as imported crop floods market

Onion farmers incur losses as imported crop floods market

Yasir Wardad 2020-03-17 10:45:36

A sharp decline in onion prices has frustrated 1.2 million growers of the spice crop in the country although the price fall has given a sigh of relief for the consumers. In the wake of the drastic pr...

Survey on offshore hydrocarbon blocks may start in September

Survey on offshore hydrocarbon blocks may start in September

FE REPORT 2020-03-17 10:24:31

The much expected survey on offshore hydrocarbon blocks may start this year as state-run Petrobangla inked the final deal with a Norwegian-US joint venture TGS-Schlumberger last week. The TGS offic...

Trade impact: BD charting post-Brexit course

Trade impact: BD charting post-Brexit course

REZAUL KARIM 2020-03-17 10:21:32

Bangladesh is considering strategies like formation of a joint trade commission to buffer possible post-BREXIT impacts on its trade with the United Kingdom (UK). Other plans include a feasibility stu...

Local agents of int'l tech giants need separate VAT numbers

Local agents of int'l tech giants need separate VAT numbers

-- 2020-03-16 17:42:11

Local agents of international tech giants like Facebook, Google, IMO, and Youtube will need separate VAT registration numbers for each of the companies. As per the decision of the National Board of R...

IBBL opens sub-branch at Malibag of Dhaka

IBBL opens sub-branch at Malibag of Dhaka

FE Online Desk 2020-03-16 14:32:14

Islami Bank Bangladesh Limited inaugurated its Malibag sub-branch on Sunday at DIT Road, Malibag Chowdhurypara in Dhaka. Md. Mahbub ul Alam, Managing Director & CEO of the Bank, inaugurated the s...

BRAC Bank cardholders to get discount on Chaldal

BRAC Bank cardholders to get discount on Chaldal

FE Online Desk 2020-03-16 14:04:14

All BRAC Bank credit and debit cardholders will enjoy 5.0 per cent instant discount on purchase using Chaldal mobile app or website (www.chaldal.com). The cardholders will only have to use the promo c...

Islami Bank opens Mujib Corner at Head Office

Islami Bank opens Mujib Corner at Head Office

FE Online Desk 2020-03-16 13:02:05

Islami Bank Bangladesh Limited inaugurated Mujib Corner at its Head Office Islami Bank Tower on the occasion of the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman. Professo...

Coronavirus: Louis Vuitton owner to start making hand sanitiser

Coronavirus: Louis Vuitton owner to start making hand sanitiser

-- 2020-03-16 10:49:27

Louis Vuitton owner LVMH will use its perfume production lines to start making hand santiser to protect people against the coronavirus outbreak. The luxury goods maker says it wants to help tackle a...

Local freight forwarders against recruitment of foreign employees

Local freight forwarders against recruitment of foreign employees

MONIRA MUNNI 2020-03-16 10:37:08

The Bangladesh Freight Forwarders Association (BAFFA) has urged the authorities concerned to stop issuing permits to foreign employees to work in the local logistic and freight forwarding industry. T...

Drive to increase potato exports reaches landmark

Drive to increase potato exports reaches landmark

-- 2020-03-15 18:28:33

A drive to increase the country’s potato exports reached an important landmark on Sunday with the inauguration of a special shipment, destined for Singapore, Malaysia, and the United Arab Emirat...

SUV registration stands over 1,000 in Jan-Feb

SUV registration stands over 1,000 in Jan-Feb

FE ONLINE REPORT 2020-03-15 17:32:08

Registration of sport-utility vehicles (SUV) in hard/soft category stood at 1,095 in the first two months of the current calendar year, according to official reports. Of the total, the number of SUV...

MTB signs MoU with AG Motors

MTB signs MoU with AG Motors

FE Online Desk 2020-03-15 13:26:41

Mutual Trust Bank Limited (MTB) has recently signed a MoU with AG Motors at a simple ceremony held at MTB Centre, the bank’s Corporate Head Office, Gulshan in the city. Under this agreement, th...

ICAB seminar on income tax policy today

ICAB seminar on income tax policy today

FE Online Desk 2020-03-15 13:04:20

A Members’ Conference on ‘Income Tax Policy Paper on the upcoming Amendment of Income Tax Ordinance 1984’, arranged by the Institute of Chartered Accountants of Bangladesh (ICAB) wil...

Apple shuts down all stores outside China

Apple shuts down all stores outside China

Reuters 2020-03-15 12:12:13

Apple said it is closing all its retail stores, except those in Greater China, for the next two weeks to minimise the risk of coronavirus transmission, a move that was followed by several US retailers...

KSA flight halt 'major blow' to hiring from BD

KSA flight halt 'major blow' to hiring from BD

ARAFAT ARA 2020-03-15 10:36:35

The country's overseas employment sector, which is considered the strongest pillar of the economy, is set to almost collapse with suspension of all international flights by the Kingdom of Saudi Arabia...

Coronavirus: BPC finds fortune

Coronavirus: BPC finds fortune

M AZIZUR RAHMAN 2020-03-15 10:33:39

Profit of state-run Bangladesh Petroleum Corporation, or BPC, climbs to around Tk 230 million a day with the spread of Covid-19 pandemic. Oil prices in the international market witnessed its steepe...

BCIC seeks policy switch on fertiliser subsidy

BCIC seeks policy switch on fertiliser subsidy

JUBAIR HASAN 2020-03-15 10:28:15

Dual policy on the subsidised urea fertiliser management is seen as a major financial burden on the Bangladesh Chemical Industries Corporation (BCIC), officials said. As things turn severe, the count...

BTRC's no as row over VAT collection festers

BTRC's no as row over VAT collection festers

DOULOT AKTER MALA 2020-03-15 10:20:43

Bangladesh Telecommunication Regulatory Commission, or BTRC, has decided not to collect VAT from the network operators, exposing the row with the tax authority. According to the decision taken by the...

5,381 auto-rickshaws registered in Jan-Feb

5,381 auto-rickshaws registered in Jan-Feb

FE Online Report 2020-03-14 18:19:45

A total of 5,381 auto-rickshaws were registered across the country in the first two months of the current calendar year, according to official figure. Of them, only 54 got registration in Dhaka in Ja...

How the longest bull run in history ended in pandemic panic

How the longest bull run in history ended in pandemic panic

REUTERS 2020-03-14 15:38:54

As a collapse in the oil price unleashed chaos in financial markets, Madrid money manager Diego Parrilla phoned a colleague who agreed: they had better head to work early in the morning. By daybreak...

Emirates suspends all flights to Italy

Emirates suspends all flights to Italy

FE Online Desk 2020-03-14 14:29:00

Emirates will operate its last flight from Rome of Italy today (Saturday).   Earlier, it suspended flights between Dubai and Venice on March 11, Milan and Bologna on March 13.  As a result...

Agrani SME Financing Company wins BB award

Agrani SME Financing Company wins BB award

FE Online Desk 2020-03-14 14:13:07

Agrani SME Financing Company Limited, an NBFI owned by Agrani Bank Limited, won an award from Bangladesh Bank at the recently held “Banker - SME Women Entrepreneur and Product Display- 2020&rdqu...

Jamuna Bank Foundation provides free medical services at Sirajgonj

Jamuna Bank Foundation provides free medical services at Sirajgonj

FE Online Desk 2020-03-14 14:01:28

Jamuna Bank Foundation opened a medical camp to provide medical services at RD High School in Kazipur, Sirajgonj. The Chairman of the Standing Committee on Food Ministry of Bangladesh National Parlia...

NCC Bank opens  Lalbagh and Donia sub-branches

NCC Bank opens Lalbagh and Donia sub-branches

FE Online Desk 2020-03-14 13:50:55

NCC Bank has formally opened its Lalbagh and Donia sub-branches in Dhaka recently. Managing Director & CEO of the Bank Mosleh Uddin Ahmed formally inaugurated these 2 sub-branches as the chief gu...

SME fair ends with ‘good response’

SME fair ends with ‘good response’

FE REPORT 2020-03-14 11:56:24

The National SME Product Fair 2020 concluded here on Friday, receiving a good response from the visitors and buyers. The organisers and stall owners expressed satisfaction over the spot sales and ord...