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Search results for: trade

GM sues Fiat Chrysler, alleging union bribes cost it billions

GM sues Fiat Chrysler, alleging union bribes cost it billions

-- 2019-11-21 13:45:07

General Motors Co on Wednesday filed a racketeering lawsuit against Fiat Chrysler Automobiles NV, alleging that its rival bribed United Auto Workers (UAW) union officials over many years to corrupt th...

Goods transportation resumes at Ctg port after 18 hours

Goods transportation resumes at Ctg port after 18 hours

FE ONLINE DESK 2019-11-21 12:45:46

Transportation of goods and containers to and from Chattogram port has resumed as truckers and covered-van drivers returned to work withdrawing their strike today. The container movement, after 18 ho...

EBL holds workshop on Anti-Money Laundering Compliance

EBL holds workshop on Anti-Money Laundering Compliance

FE Online Desk 2019-11-21 12:09:14

Eastern Bank Limited (EBL) in association with Accuity and Association of Anti-Money Laundering Compliance Officers of Banks in Bangladesh (AACOBB) organised a half-day training workshop on Anti-Money...

Salt price normal now

Salt price normal now

FE Report 2019-11-21 11:29:15

Price of salt at retail level became normal on Wednesday, a day after an abnormal hike amid rumours in the market and pressure of panic buy from consumers' end. Salt price at retail level suddenly...

US-China 'phase one' trade deal may not be inked this year

US-China 'phase one' trade deal may not be inked this year

-- 2019-11-21 11:07:24

Completion of a “phase one” US-China trade deal could slide into next year, trade experts and people close to the White House said, as Beijing presses for more extensive tariff rollbacks,...

Rising rice prices: Ministry for export ban, market watch

Rising rice prices: Ministry for export ban, market watch

FE REPORT 2019-11-21 10:30:34

Amid the retail price spiral of rice, food ministry has suggested banning export of the staple and intensifying market monitoring by intelligence agencies. According to officials, a letter was sent t...

Onion prices declining

Onion prices declining

FE REPORT 2019-11-21 10:27:00

The prices of different varieties of onion started coming down, both in wholesale and retail markets across the city on Wednesday, according to traders and consumers. In the city's retail markets, on...

Tax fair fetches record Tk 26.13b

Tax fair fetches record Tk 26.13b

FE REPORT 2019-11-21 10:21:14

The country-wide income tax fair concluded on Wednesday with record revenue collection worth Tk 26.13 billion and 6,55,000 income tax returns. Last year, the NBR received 4,87,573 tax returns and inc...

Govt willing to fully own Sanofi's BD operations

Govt willing to fully own Sanofi's BD operations

JUBAIR HASAN 2019-11-21 10:06:39

After local businesses, the government is now willing to buy the French drug maker Sanofi, which decided to leave Bangladesh after 60 years of its operations, officials said. The willingness was conv...

REHAB appreciates decision to increase home loan limit

REHAB appreciates decision to increase home loan limit

BSS 2019-11-20 20:19:16

The Real Estate and Housing Association of Bangladesh (REHAB) has appreciated the decision of increasing the limit of home loans to Tk 20.0 million. The association thanked Prime Minister Sheikh Hasi...

Biman waives cargo charge on onion import

Biman waives cargo charge on onion import

-- 2019-11-20 19:26:48

The civil aviation and tourism ministry on Wednesday decided that the Biman Bangladesh Airlines will waive its cargo handling charge for any airlines that will import onion. “Biman charges Taka...

Emirates Bangladesh clinches Chairman’s Award for Sales Excellence

Emirates Bangladesh clinches Chairman’s Award for Sales Excellence

FE Online Desk 2019-11-20 14:42:15

The Emirates team in Bangladesh trumped strong competition from the airline’s global network to win the prestigious Chairman’s Award for Sales Excellence. After tough preliminary rounds...

No reason to hike rice prices, says minister

No reason to hike rice prices, says minister

-- 2019-11-20 14:17:43

Food Minister Sadhan Chandra Majumder on Wednesday warned against increasing rice prices, saying the country has an adequate stockpile of food grain. “There’s no reason to hike the prices...

Mercantile Bank  training on Anti Money Laundering in Ctg

Mercantile Bank training on Anti Money Laundering in Ctg

FE Online Desk 2019-11-20 13:37:53

Mercantile Bank recently organized a training course titled “Prevention of Money Laundering and Combating Financing against Terrorism” in Chattogram. Zonal Heads of Cumilla, Noakhali &a...

Southeast Bank wins top tax-payer award

Southeast Bank wins top tax-payer award

FE Online Desk 2019-11-20 13:32:52

Southeast Bank Limited has been awarded as the country’s 7th highest Income Tax Payer in the Banking Category for the assessment year 2018-2019.   A H M Mustafa Kamal FCA, MP and Finance...

NRB Bank-SSL launch ‘Straight Banking’ service

NRB Bank-SSL launch ‘Straight Banking’ service

FE Online Desk 2019-11-20 13:28:20

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Govt eyes sending more skilled workforce to Japan

Govt eyes sending more skilled workforce to Japan

-- 2019-11-20 13:20:45

The government said the recently signed Memorandum of Cooperation (MoC) with Japan on recruiting ‘Specified Skilled Workers’ will help the island nation receive more skilled workforce from...

India likely to extend onion export ban to February

India likely to extend onion export ban to February

Reuters 2019-11-20 11:41:40

India may keep a ban on onion exports until February because domestic prices have risen after the harvest of summer-sown crops, which were expected to augment supplies, was delayed and damaged by unti...

Most outbound workers go to KSA in Oct despite regular deportation

Most outbound workers go to KSA in Oct despite regular deportation

Arafat Ara 2019-11-20 11:30:32

The Kingdom of Saudi Arabia (KSA) hired more than 58 per cent of the total outbound workers from Bangladesh in October this year despite continuous deportation of workers from the Middle Eastern count...

Fuel oil import to drop 24pc in H1, 2020

Fuel oil import to drop 24pc in H1, 2020

M AZIZUR RAHMAN 2019-11-20 11:26:31

State-owned Bangladesh Petroleum Corporation (BPC) will import around 1.06 million tonnes of refined fuel oil during a period from January to June (H1) in 2020. The purchase from open market throug...

Unrecorded cash transactions limit may be set at Tk 10,000

Unrecorded cash transactions limit may be set at Tk 10,000

DOULOT AKTER MALA 2019-11-20 10:26:46

The Anti-Corruption Commission (ACC) has proposed that the government set a cash transaction limit of Tk 10,000 in a bid to curb corruption through unrecorded transactions. The government might also...

Tata Steel to cut 3,000 jobs in 'severe' market

Tata Steel to cut 3,000 jobs in 'severe' market

BBC 2019-11-19 19:51:47

London-based steelmaking company Tata Steel plans to cut as many as 3,000 jobs across its European business in another bid to come to terms with a "severe" international steel market. The company wan...

BDRAL holds discussion on Credibility of SME Ratings in Bangladesh

BDRAL holds discussion on Credibility of SME Ratings in Bangladesh

FE Online Desk 2019-11-19 15:54:42

The Bangladesh Rating Agency Limited (BDRAL), a subsidiary of Dun & Bradstreet South Asia Middle East Limited, recently organised an open discussion meeting with local bankers to discuss about the...

Lotto Business Summit 2019 held

Lotto Business Summit 2019 held

FE Online Desk 2019-11-19 15:25:11

The Lotto Business Summit 2019 was held at the factory of Express Leather Products in Gazipur. Lotto Bangladesh recently organised the event with the presence of all the stakeholders and journalists...

Emirates Airline orders fifty A350XWB at Dubai Airshow

Emirates Airline orders fifty A350XWB at Dubai Airshow

FE Online Desk 2019-11-19 13:39:31

Emirates on Monday announced a firm order for fifty A350-900 XWB aircraft worth $16 billion US dollar at list prices at the Dubai Airshow 2019. Delivery of the first Emirates A350 XWB is expected in...

Japan lower house passes US trade deal

Japan lower house passes US trade deal

-- 2019-11-19 13:39:19

Japan’s lower house of parliament approved on Tuesday a limited trade deal Prime Minister Shinzo Abe agreed with the United States, clearing the way for tariff cuts next year on items including...

European car sales up 8.6pc in October, driven by VW rebound

European car sales up 8.6pc in October, driven by VW rebound

-- 2019-11-19 13:21:23

Passenger car registrations in Europe rose 8.6 per cent in October, to their highest level since 2009, driven by robust demand in Germany and France and a rebound in demand for Volkswagen which posted...

NBR gets Tk 3.11b tax on fifth day of fair

NBR gets Tk 3.11b tax on fifth day of fair

FE Report 2019-11-19 10:40:33

The National Board of Revenue (NBR) bagged Tk 3.11 billion in tax on Monday, the fifth day of the ongoing countrywide Income Tax Fair 2019, according to official statement. The NBR earned Tk 16.58 bi...

Size of ceramic industry may double by 2023

Size of ceramic industry may double by 2023

Monira Munni 2019-11-19 10:31:18

The country's ceramic industry is estimated to be doubled in size by 2023, aided by the growing domestic real estate industry, rising demand for products in the EU markets and the trade tension betwee...

Non-life insurers must invest 7.5pc of assets in govt securities

Non-life insurers must invest 7.5pc of assets in govt securities

Doulot Akter Mala 2019-11-19 10:21:01

The government has made it mandatory for non-life insurance companies to invest at least 7.5 per cent of their assets in government securities. The government securities include short-term and long-t...