Search results for: trade

Romo Rouf Chowdhury appointed new chairman of Bank Asia

FE ONLINE DESK 2022-08-28 14:33:19

Romo Rouf Chowdhury has been elected as chairman of Bank Asia Ltd in the 479th meeting of the Board of Directors of the bank held on 25 August (Thursday). Romo Rouf Chowdhury is one of the sponsor sh...

Ctg elevated expressway opens partly to traffic in Dec

NAZIMUDDIN SHYAMOL, CHATTOGRAM 2022-08-28 10:59:45

A portion of the under-construction elevated expressway will be opened to traffic by the year-end to facilitate vehicular movement to and from the port city through Bangabandhu Tunnel which awaits ina...

High time for insurance cos to embrace AI

JASIM UDDIN HAROON 2022-08-28 10:12:44

The insurance companies of Bangladesh should start their Artificial Intelligence (AI)-empowered journey as the 4th Industrial Revolution (4IR) is knocking at the door. The companies should embrace th...

SMEs be convinced of formal banking

FE REPORT 2022-08-28 10:00:22

Banks and financial institutions should introduce innovative instruments to convince small-and-medium enterprises (SMEs) to integrate into formal banking channels, says Dr Khondakar Golam Moazzem. "B...

Exports to India see robust rise

MONIRA MUNNI 2022-08-28 09:04:17

The country's overall exports to India reached US$1.99 billion in the last fiscal year (FY '22) marking a robust 55 per cent year-on-year growth. Bangladesh shipped goods worth US$1.27 billion to t...

Pvt power plants seek remedy

M AZIZUR RAHMAN 2022-08-28 09:01:28

Private oil-fired power-plant owners have sought compensation for fluctuations in exchange rates. They are now claiming to have incurred losses on account of import of furnace oil used to run the powe...

S&P sees BD exchange rate regime as crawl-like arrangement

SIDDIQUE ISLAM 2022-08-28 08:07:11

Global rating agency Standard & Poor's (S&P) has considered Bangladesh's exchange rate regime as a crawl-like arrangement, though the trading mechanism was further liberalised in June 2022....

Costs of 14 key essentials, services hit record highs

YASIR WARDAD 2022-08-28 07:55:14

Above14 key essentials and services have become costlier by 15-40 per cent just in last three months, biting a good portion on real income of millions of people, said market insiders. Costly diesel...

Global market for EV batteries expected to reach $250b

-- 2022-08-27 18:45:04

The global market for electric vehicle (EV) batteries is expected to reach $250 billion by 2030, with demand exceeding 3.5 terrawatt hours, said Wan Gang, president of China's World New Energy Vehicle...

Directors should not interfere with banks' operations: BB Governor

-- 2022-08-27 16:41:59

Directors should not interfere with the operations of banks to ensure proper management, says Bangladesh Bank Governor Abdur Rouf Talukder. If they intervene in matters outside their purview, it will...

Directors should not interfere with banks' operations: BB Governor

-- 2022-08-27 16:41:58

Directors should not interfere with the operations of banks to ensure proper management, says Bangladesh Bank Governor Abdur Rouf Talukder. If they intervene in matters outside their purview, it will...

Nagad elevates mobile recharge experience with great offers

FE ONLINE REPORT 2022-08-27 15:24:29

Rehnuma Begum, a Facebook-based business owner, has to make several phone calls to her customers every day for business purpose, such as verifying orders or assuring the successful delivery of the pro...

Burger with small fries? Scorching summer shrinks Europe's potato crop

REUTERS 2022-08-27 15:18:22

Europe's blisteringly hot summer is forecast to result in the smallest potato crop in years, threatening further price rises for popular foods such as fries just as consumers contend with spiralling i...

Push for additional duty to discourage ceramic imports

FE REPORT 2022-08-27 10:23:55

Domestic ceramic makers exhort the government to impose an additional duty on ceramic imports with an eye to discouraging bringing in such costly items from abroad. The Bangladesh Ceramic Manufacture...

Coca-Cola bottler starts making 'Dobry Cola' in Russia

REUTERS 2022-08-27 10:17:56

Coca Cola HBC AG has started making a local cola, Dobry Cola, in Russia after stopping production and sales of Coca-Cola Co products after Western companies left the country en masse earlier this year...

Joydevpur-Airport bus corridor: BRT hopeful of doing building work by Dec

FE REPORT 2022-08-27 10:12:27

The embattled BRT is hopeful about the completion of major infrastructure for the dedicated bus corridor from Joydevpur to the Airport by December. Uncertainty looms large ahead of the resumption of...

Now liquid milk gets costlier

YASIR WARDAD 2022-08-27 09:32:13

Liquid milk prices have increased again, notably by Tk 10 a litre, as leading companies have raised the maximum retail price (MRP) of their products by 12.5 per cent in the last two days, battering th...

Billions missed in untapped trade

REZAUL KARIM 2022-08-27 08:58:14

The central bank has suggested preparing a state policy on cross-border ecommerce as stakeholders say Bangladesh misses billions in such untapped online trade in goods and services. In its report t...

Bangladesh's labour rights situation delays GSP revival

S M JAHANGIR and SYFUL ISLAM 2022-08-27 08:36:45

Less-than-expected reform measures for ensuring labour rights hold back restoration of the Generalised System of Preferences (GSP) facility for Bangladesh by the United States, a top US trade official...

Bangladesh's smartphone market shipments dropped 3.0pc in Q2 2022

-- 2022-08-26 20:41:28

Bangladesh's smartphone market shipments dropped 3.0 per cent year-on-year in Q2 (April to June) 2022, according to Counterpoint Research's Market Monitor Service. "Bangladesh's smartphone market exp...

Moderna sues Pfizer/BioNTech over Covid-19 vaccine patent 

-- 2022-08-26 18:57:45

Moderna is suing Pfizer and its German partner BioNTech for patent infringement in the development of the first Covid-19 vaccine approved in the United States, alleging they copied technology that Mod...

UK household energy bills to rise 80pc

REUTERS 2022-08-26 13:58:32

The cost of energy for British consumers will rise by 80 per cent from October, regulator Ofgem said on Friday, taking average annual household bills to 3,549 pounds ($4,188). Ofgem Chief Execu...

Adani says regulatory curbs do not restrict bid to take over NDTV

-- 2022-08-26 13:09:55

India's Adani Group on Friday rejected claims made by New Delhi Television (NDTV) that regulatory curbs restricted the news network's founders from selling their stake in the company. Adani Gro...

Imports unlikely to face any problem

FE REPORT 2022-08-26 08:53:26

Bangladesh is unlikely to face any problem in importing food items from Russia and Ukraine or any other countries as the government is considering alternative payment arrangements, bypassing SWIFT. "...

Russian fuel oil samples in Dhaka

FE REPORT 2022-08-26 08:43:54

Some 50-litre Russian heavy crude oil has reached Dhaka by airfreight as specimen to check whether it can be refined in Bangladesh's decades-old lone refinery, as fuel-shortage concern haunts the coun...

BB launches Tk 10b refinancing scheme

FE REPORT 2022-08-26 08:40:01

The Bangladesh Bank (BB) has launched a refinancing scheme worth Tk 10 billion -- aiming to reduce import dependency of wheat and maize through facilitating local production of the food grains. Und...

Rice price hits all-time high

YASIR WARDAD 2022-08-26 08:36:36

The rice prices hit a record high in the local market following tiny imports in the past two months. Common coarse rice retails at Tk 56-58, medium at Tk 63-66 and finer at Tk 75-98 a kg, according t...

Cut in taxes on rice, diesel likely

DOULOT AKTER MALA 2022-08-26 08:34:34

The government has moved to slash import taxes of two key essentials -- diesel and rice -- as high food and fuel prices amid boiling inflation hits hard ordinary people. The major step comes followin...

NDTV seeks to block Adani takeover on regulatory issues

-- 2022-08-25 13:27:05

India's New Delhi Television Ltd (NDTV) on Thursday sought to block Gautam Adani's attempt to acquire a majority stake in the news network, saying regulatory restrictions meant the bid from the billio...

Bangladesh fares poorly in drawing 'greenfield' FDI

JASIM UDDIN HAROON 2022-08-25 08:24:16

Bangladesh has been tracked as one of the bottom-placed countries in attracting 'greenfield' foreign direct investment, as recorded in 2021, for factors like disharmonious regulations and profit-repat...