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The Financial Express

Search results for: Trade

Russia warns it would pay foreign currency debt in roubles due to sanctions

Russia warns it would pay foreign currency debt in roubles due to sanctions

-- 2022-03-14 16:58:12

Russia's finance ministry said on Monday it had approved a temporary procedure for repaying foreign currency debt, but warned that payments would be made in roubles if sanctions prevent banks from hon...

Pakistan to continue work on ties with OIC members

Pakistan to continue work on ties with OIC members

FE REPORT 2022-03-14 10:46:58

High Commissioner for Pakistan to Bangladesh Mr Imran Ahmed Siddiqui on Sunday said Pakistan would continue to work with other OIC Member States including Bangladesh, towards harnessing 'collective am...

Australia wants to develop manufacturing hub in Bangladesh

Australia wants to develop manufacturing hub in Bangladesh

SYFUL ISLAM 2022-03-14 10:29:08

Australia has expressed the interest to develop its manufacturing hub in Bangladesh to buy back the goods to be produced here or export to the European and other rich countries, according to officials...

Nine entities get HSBC Business Awards

Nine entities get HSBC Business Awards

FE REPORT 2022-03-14 10:27:18

Nine business firms were honoured for excellence in their performance at the '2nd HSBC Business Excellence Awards' instituted by the Hongkong and Shanghai Banking Corporation Limited in Bangladesh. T...

PHP Automobiles rolls out Proton X-50

PHP Automobiles rolls out Proton X-50

OUR CORRESPONDENT 2022-03-14 10:24:05

CHATTOGRAM: PHP Automobiles Limited has launched its new car, Proton X-50. Chairman of PHP Group Sufi Mohammed Mizanur Rahman attended the launching ceremony as the chief guest on the factory premi...

ACC checking 40 companies' tax information

ACC checking 40 companies' tax information

DOULOT AKTER MALA 2022-03-14 08:43:30

The tax-related information of some 40 companies is under scrutiny of the Anti-Corruption Commission (ACC) as part of investigating allegations of money laundering and tax evasion against those firms....

Technical glitch at customs house hampers external trade for five days

Technical glitch at customs house hampers external trade for five days

JASIM UDDIN HAROON 2022-03-14 08:34:31

Bangladesh's external trade suffered a setback over the past five days due to a major technical glitch in the automated management system (ASYCUDA) of the country's largest customs house. Users of th...

Bangladesh's RMG value addition unstable

Bangladesh's RMG value addition unstable

MONIRA MUNNI 2022-03-14 08:32:19

Value addition in the country's ready-made garment (RMG) sector has been fluctuating in recent years. Exporters have mainly blamed the pandemic-induced high prices of raw materials and absence of lo...

Government to boost supply, curb hoarding for controlling price spirals

Government to boost supply, curb hoarding for controlling price spirals

YASIR WARDAD 2022-03-14 08:28:10

Concerned over supply shocks of food and energy in particular, an emergency inter-ministerial meeting charts fiscal and monitoring measures to manage the volatile market. Five ministries of home, com...

US apparel & footwear association to work on restoring GSP

US apparel & footwear association to work on restoring GSP

FE REPORT 2022-03-13 10:41:16

The American Apparel and Footwear Association (AAFA) has partnered with Bangladesh's apparel apex body- BGMEA- to explore opportunities and work together to increase the country's trade access to th...

FBCCI to set up trade centre in Dubai

FBCCI to set up trade centre in Dubai

FE REPORT 2022-03-13 10:38:14

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) will set up a trade centre in Dubai aiming to boost bilateral trade and investment between Bangladesh and the United Arab Emirate...

Restaurateurs seek TCB goods for survival

Restaurateurs seek TCB goods for survival

FE REPORT 2022-03-13 09:23:49

Restaurant owners on Saturday urged the government to supply them with the subsidised foodstuffs from the Trading Corporation of Bangladesh (TCB) to help their businesses survive amid the record surge...

Bangladesh moves to boost dredging capacity

Bangladesh moves to boost dredging capacity

TALHA BIN HABIB 2022-03-13 09:16:50

The government moves to increase dredging capacity aiming to ensure navigability in river routes for smooth movement of goods and passenger vessels, says a high official of shipping ministry. Under t...

Mobile financial services defy 'corona'

Mobile financial services defy 'corona'

FE REPORT 2022-03-13 09:10:00

An estimated 30-million new MFS accounts and increasing digital payment services during the pandemic proved that mobile financial services have successfully passed "corona exam" in Bangladesh. Former...

Japanese companies weigh expansion in Bangladesh

Japanese companies weigh expansion in Bangladesh

Munima Sultana 2022-03-13 08:55:53

Most of the Japanese companies operating in Bangladesh have expansion plans for 2022 and 2023 though they are facing difficulties in running their businesses here, according to a latest survey repor...

Edible oil market still volatile

Edible oil market still volatile

YASIR WARDAD 2022-03-13 08:33:24

Two days have gone following the government's decision to cut VAT on imports, but normalcy is yet to return to the cooking-oil market amid heightened monitoring. Insiders said grocers did not get ade...

Minister Mannan can't say when prices will stabilise

Minister Mannan can't say when prices will stabilise

FE REPORT 2022-03-13 08:25:06

Planning Minister MA Mannan said on Saturday he had no ability to say for sure when the commodity market in the country would stabilise as prices skyrocketed hitting hard the poor and limited income g...

Chevron moves for fresh gas drilling in Bibiyana

Chevron moves for fresh gas drilling in Bibiyana

M AZIZUR RAHMAN 2022-03-13 08:21:02

US oil major Chevron moves for drilling a new gas well in Bangladesh's largest producing field in Bibiyana, after around a six-year pause, at a time when the country has to make do with insufficient...

Malabar Gold and Diamonds announces $100m investment in Bangladesh

Malabar Gold and Diamonds announces $100m investment in Bangladesh

FE ONLINE DESK   2022-03-12 22:25:21

Malabar Gold and Diamonds, one of the largest jewellery retailers in the world, will invest up to US$100 million in the next three to five years, a senior company official announced at the Third Bangl...

Volkswagen warns of risks from Ukraine crisis

Volkswagen warns of risks from Ukraine crisis

-- 2022-03-12 22:02:26

FRANKFURT, March 12 (Reuters) - Volkswagen AG, Europe's top carmaker, doubled its operating profit in 2021 but warned that Russia's invasion of Ukraine and its impact on supply chains could hit busine...

Restaurant owners demand essential commodities at subsidised rates through TCB

Restaurant owners demand essential commodities at subsidised rates through TCB

-- 2022-03-12 21:34:06

Restaurant owners have urged the government to ensure essential commodities at subsidised rates through the Trading Corporation of Bangladesh (TCB). The central executive committee of the Bangladesh...

Six women awarded for outstanding contribution in RMG sector

Six women awarded for outstanding contribution in RMG sector

FE ONLINE REPORT 2022-03-12 20:19:31

Forum, a panel of the country’s garment makers, recognised six women leaders for their outstanding contribution in the country’s readymade garment (RMG) sector in different categories. Ro...

Russia adds electronics firms on list of essential companies

Russia adds electronics firms on list of essential companies

-- 2022-03-12 20:05:37

Russia's trade and finance ministries will widen the criteria for systematically important firms to include companies from the electronics sector. The TASS news agency gave the information quoting Ru...

Russia seeks India’s investment in oil and gas sector

Russia seeks India’s investment in oil and gas sector

-- 2022-03-12 19:23:32

Russia urged India to deepen its investments in the sanction-hit country's oil and gas sector, and is keen on expanding the sales networks of Russian companies in Asia's third-largest economy. Russia...

AAFA, BGMEA ink MoU to increase Bangladesh’s RMG trade access in US market

AAFA, BGMEA ink MoU to increase Bangladesh’s RMG trade access in US market

FE ONLINE REPORT 2022-03-12 18:16:28

The American Apparel and Footwear Association (AAFA) partnered with Bangladesh’s apparel apex body—BGMEA to explore opportunities and work together to increase Bangladesh’s trade acc...

Syngenta Bangladesh celebrates International Women's Day

Syngenta Bangladesh celebrates International Women's Day

-- 2022-03-12 17:44:14

Syngenta Bangladesh Limited has celebrated International Women's Day through various programmes in its head office and other site offices across the country from March 8 to 10. The day was celebrated...

Chickens become costlier in Dhaka's kitchen markets

Chickens become costlier in Dhaka's kitchen markets

FE ONLINE REPORT 2022-03-12 14:06:32

Prices of broiler, layer, and Pakistani and Sonali chickens went up in Dhaka city’s kitchen markets on Saturday amid escalating prices of essential commodities. Apart from this, prices of green...

Many Nike stores across Russia remain open despite closure announcement

Many Nike stores across Russia remain open despite closure announcement

-- 2022-03-12 10:31:26

Many Nike stores throughout Russia were open on Friday afternoon, according to checks made by Reuters, more than a week after the world's biggest sports retailer said it was temporarily closing down a...

Edible oil prices still high despite VAT cuts, monitoring

Edible oil prices still high despite VAT cuts, monitoring

FE REPORT 2022-03-12 09:02:02

Edible oils still retail at almost previous high level despite the government's latest cuts in value-added tax (VAT) and heightened monitoring of the supply chain. Market sources said the wholesale...

Edible oil refiners, traders play blamegame as ministry watches market

Edible oil refiners, traders play blamegame as ministry watches market

FE REPORT 2022-03-12 08:25:09

Commerce ministry has started intensifying its market-monitoring drive amid spiralling prices of commodities, including edible oils, to ease consumer woes. As such, the Directorate of National Consum...