FE Today Logo

EZs being built near Mongla, Payra ports, says PM

Prime Minister and Leader of the House Sheikh Hasina said on Wednesday her government took multiple initiatives like building economic zones (EZs) centring on Mongla and Payra ports.The facilities aim to give a strong footing to economy and socio-economic development of the country's south and south-western regions, reports BSS."The present...

Read more

BGMEA seeks CIP status for all its board members

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) urged the government recently to accord all of its office bearers with the status of Commercially Important Person (CIP).It argued that the status would help the office bearers execute their respective duties for the industry properly, officials said.BGMEA president Dr. Rubana Huq raised...

Read more

Stolen mobile phones from India infiltrate Bangladesh

Contraband mobile phones from India are seeping across the border and circulating throughout the Bangladeshi market, according to police, reports bdnews24.com.Officials of the Detective Branch of Police, or DB, disclosed the information after seizing a consignment of stolen mobile phones from India in Chattogram.A case was started on Monday with...

Read more

Thrust on using technologies to cut energy consumption in industries

Speakers at an event on Wednesday laid emphasis on using modern technologies to reduce energy consumption in the industries. There are more than 150 technologies which could help reduce the energy consumption without hampering production, they recommended, stressing the need for ensuring energy efficiency and investing more on innovative technology...

Read more

US aims to restart China trade talks, won’t accept conditions on tariff use

WASHINGTON, June 26 (Reuters): The United States hopes to re-launch trade talks with China after President Donald Trump and President Xi Jinping meet in Japan on Saturday, but Washington will not accept any conditions around the US use of tariffs in the dispute, a senior administration official said on Tuesday.Trump...

Read more

EU, Vietnam to sign trade, investment agreements

BRUSSELS, June 26: The EU and Vietnam are signing the most ambitious trade deals ever agreed between a global trade power and a developing country, according to a press statement of European Council.On June 25, the Council adopted decisions on the signature of two agreements between the EU and Vietnam:...

Read more

IMF chief Christine Lagarde urgency needed to boost Palestinian economy

MANAMA, June 26 (AFP): IMF chief Christine Lagarde said Wednesday that major economic growth was possible in the Palestinian territories if all sides showed urgency, as she took part in a US-led conference boycotted by the Palestinian leadership.The International Monetary Fund has been warning of severe deterioration in the Palestinian...

Read more

Rupee slips 12 paise to 69.48 vs dollar

MUMBAI, Jun 26 (PTI): The rupee opened on a weak note and declined 12 paise to 69.48 against the US dollar in opening trade Wednesday, amid simmering geopolitical tensions in the Middle East and higher crude oil prices.The rupee opened weak at 69.40 at the interbank forex market and then...

Read more

DJI plans to build drones in California

WASHINGTON, June 26 (Reuters): Chinese manufacturer SZ DJI Technology Co Ltd, the world's largest producer of consumer drones, said it plans to use a company warehouse in California to assemble them, a move that follows security concerns raised by some US lawmakers.DJI said it will assemble its Mavic 2 Enterprise...

Read more

Papua New Guinea sets audacious goal

PORT MORESBY, June 26 (AFP): Papua New Guinea's new prime minister has an ambitious -- cynics would say far-fetched -- objective of turning one of the world's poorest countries into the "richest black nation" on earth in just a decade.If national economies were like football teams, then Papua New Guinea...

Read more

Top German regulator warns of threat from cheap money, presses banks to reform

FRANKFURT, June 26 (Reuters): Germany's top financial regulator warned of the dangers posed to banks by cheap money and urged them to "get real" in overhauling their nusinesses and axing loss-making operations.The comments come as the nation's largest lender, Deutsche Bank, works on a plan for "tough cutbacks" to its...

Read more

News Briefs-(27-06-2019)

Govt takes Tk 1.58b project to develop handloom industryTextiles and Jute Minister Golam Dastagir Gazi on Wednesday informed the Jatiya Sangsad (JS) that the government has taken a project involving Tk 1.58 billion to provide running capital and modernise handlooms for improving the socioeconomic condition of the weavers. A total...

Read more

Chairman of City Bank Aziz Al Kaiser presiding over the 36th AGM

Chairman of City Bank Aziz Al Kaiser presiding over the 36th annual general meeting (AGM) of the bank in the capital on Wednesday. The bank's Vice Chairman Hossain Khaled, Managing Director and CEO Mashrur Arefin, directors and senior executives were present at the AGM that approved 6.0 per cent cash...

Read more

Chief Operating Officer of Commercial Bank of Ceylon PLC

Chief Operating Officer of Commercial Bank of Ceylon PLC (CBC) Najith Meewanage and Executive Director of Labaid Limited Sakif Shamim exchanging documents after signing a memorandum of understanding (MoU) on behalf of their respective companies at the bank's head office in the capital recently to offer discount facility on CBC...

Read more

Chairman of Social Islami Bank

Chairman of Social Islami Bank Limited Professor Md. Anwarul Azim Arif handing over a cheque as donation to Shahabuddin Majumder, Member Secretary of 'Desh Akti Sammilito Uchcharan', a research organisation on liberation war of Bangladesh, for publication of a book titled 'Bangala Theke Bangladesh' in the capital on Tuesday

Read more