FE Today Logo
Search date: 29-01-2025 Return to current date: Click here

US-based Cargill India seeks to set up bonded warehouses in BD

Cargill India, a US-based company, has sought permission to establish bonded warehouses in Bangladesh's customs zones to import cotton with duty-free facilities, sources say.It has also requested to allow the export of surplus cotton to other countries after meeting local demand. The company recently made the request to the Bangladesh...

Read more

Bank Asia to receive $35m from IFC

Bank Asia PLC has signed an agreement with International Finance Corporation, IFC, a private sector arm of the World Bank Group. Through this agreement, Bank Asia will receive USD 35 million for capacity building of the MSME sector. Sohail R K Hussain, Managing Director of Bank Asia, and Allen Forlemu,...

Read more

Boeing reports $11.8b in annual loss after crisis-ridden year

Boeing on Tuesday reported an annual loss of $11.83 billion, its largest since 2020, as it grappled with problems at its commercial and defense units and the fallout from a crippling strike by US West Coast factory workers, reports Reuters.The loss demonstrates the challenges facing CEO Kelly Ortberg in turning...

Read more

EBL gets $35m loan from WB Group member

Eastern Bank PLC (EBL) gets USD 35 million loan from International Finance Corporation (IFC), a member of the World Bank Group, towards supporting working capital and trade-related lending programme. The formal loan agreement between IFC and EBL was signed at the bank's head office in Dhaka on Tuesday, says a...

Read more

Contract farmers face hefty losses after tomato harvest

Standing on his sprawling 75-bigha (approximately 19 hectares) tomato farmland in Godagari, Rajshahi, Md Ifetkhar Ahmed, a nationally awarded farmer (2007), speaks on a frustrating note.While his initial harvests fetched a decent price, more than 60 per cent of his tomatoes still remain in fields unsold.Mr Ahmed cultivated the crop...

Read more