The government has allowed import of cleaner-graded furnace oil for consumption in the power plants to generate electricity.The Energy and Mineral Resources Division (EMRD) under the Ministry of Power, Energy and Mineral Resources (MPEMR) issued a circular on May 31. It gave directive for consumption of furnace oil with 2.0...
Read moreCHATTOGRAM, June 04: With Eid-ul Fitr drawing nearer, city malls and makeshift shops on footpaths have started witnessing rush of shoppers of all ages. Their shopping lists include trendy clothes, gift items and other household items. Braving the hot and humid weather, shoppers are thronging everywhere -- from renowned shopping...
Read moreWinrock International and Bangladesh Venture Capital Ltd. have agreed to cooperate with a goal to improve the identification and scale-up of agricultural technologies in Bangladesh, reports UNB.To achieve this common goal, both the parties signed a Memorandum of Understanding (MoU) on Monday, said a press release.Golam Monowar Kamal, managing director...
Read moreState Minister for Textile and Jute Mirza Azam speaking at a seminar on 'Investment Opportunities in Jamalpur Economic Zone' organised by the Bangladesh Economic Zones Authority at a city hotel on Monday — FE photo
Read moreSales of panjabi in different supermarkets and shops in the capital have marked a significant rise ahead of Eid-ul-Fitr, the biggest religious festival of Muslims.Demand for the main outfit for this festival will also rise further in the concluding days of Ramadan month, traders have said.According to them, buyers are...
Read moreMUMBAI, June 04 (Reuters): India's central bank is getting poised to raise interest rates for the first time since January 2014.Analysts say the question is whether this will happen on Wednesday or in August.The anticipated increase could put a dent in growth, which has recovered after blows from the November...
Read moreLONDON, June 04 (Reuters): Britain's Rolls-Royce said it had completed the sale of Germany-based diesel parts maker L'Orange to US-based engineering company Woodward Inc.The net proceeds will total euros 673 million.Rolls-Royce sold the business as part of a plan to simplify its operations.The proceeds compared to the euros 700 million...
Read moreTuomo Poutiainen has taken up his post as the Country Director for the International Labour Organisation (ILO) in Bangladesh, reports UNB.Prior to his new assignment, Poutiainen was Head of Quality and Factory Services for the ILO/IFC Better Work Programme.He has already presented his letter of appointment to Foreign Minister AH...
Read moreBRUSSELS, June 04 (Xinhua): The top diplomats of China and Belgium met here Friday to discuss bilateral efforts to defend multilateralism and the global free trade regime. Visiting Chinese State Councilor and Foreign Minister Wang Yi met with Belgian Deputy Prime Minister and Foreign Minister Didier Reynders at the Egmont...
Read moreKUALA LUMPUR, June 04 (Xinhua): Malaysia's manufacturing conditions contracted for the fourth straight month to hit an 11-month low in May, albeit ASEAN manufacturing growth gains pace in the month. According to IHS Markit which compiled the data Monday, the headline Purchasing Managers' Index (PMI) for ASEAN rose from 51.0...
Read moreTOKYO, June 04 (Reuters): The dollar gained against the yen on Monday after the release of an upbeat US jobs report, although uncertainty over potential political risks kept the currency's near-term outlook murky.The dollar added 0.15 per cent to 109.660 yen following a rise of 0.6 per cent on Friday.Closely...
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