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The Financial Express

Search results for: Trade

Walton launches panel to ensure welfare, rights of female workers

Walton launches panel to ensure welfare, rights of female workers

FE ONLINE DESK 2022-03-08 17:26:31

Walton Hi-Tech Industries PLC has launched a Diversity and Inclusion (D&I) panel, titled ‘Female Involvement in Versatile Empowerment’ (FIVE), to ensure a fair, decent and world-standa...

Fareast Islami Life Insurance Company’s board of directors holds meeting

Fareast Islami Life Insurance Company’s board of directors holds meeting

-- 2022-03-08 16:26:50

A meeting of the newly constituted board of directors (267th Board) of Fareast Islami Life Insurance Company Limited nominated by the Bangladesh Securities and Exchange Commission was held recently at...

KSA wants to banish brokers behind hiring from Bangladesh

KSA wants to banish brokers behind hiring from Bangladesh

MIR MOSTAFIZUR RAHAMAN 2022-03-08 08:56:10

Trying to make manpower recruitment hassle-free and transparent, the Saudi mission in Dhaka has made a move to eliminate the role of middlemen or brokers as breakthroughs in business ties are within s...

Russia lifts ban on Bangladeshi potato

Russia lifts ban on Bangladeshi potato

FE REPORT 2022-03-08 08:50:24

Russia lifts ban on Bangladesh's potato exports and expresses eagerness to import the vegetable. Bangladesh can now export potatoes to Russia as the country has lifted the ban recently, says the emba...

FBCCI suggests withdrawal of VAT on edible oil imports

FBCCI suggests withdrawal of VAT on edible oil imports

FE REPORT 2022-03-08 08:46:36

The country's apex trade advocacy group seeks withdrawal of VAT on imported edible oil for the next three months to bring normalcy in the volatile market. It made the call at a meeting hosted by the...

‘All alternatives of SWIFT to add significant costs, risks for Russian businesses’

‘All alternatives of SWIFT to add significant costs, risks for Russian businesses’

-- 2022-03-07 21:56:31

Western sanctions banning several Russian banks from the SWIFT international payments network with the potential threat of more to come if there is no end to the Ukraine conflict is likely to push Mos...

Nexus Television organises two-day long Women Entrepreneur Fair

Nexus Television organises two-day long Women Entrepreneur Fair

FE ONLINE DESK 2022-03-07 21:43:01

Satellite channel Nexus Television has organised a two-day long Women Entrepreneur Fair on the occasion of International Women's Day, 2022. According to a press release issued by the media, the count...

FBCCI president demands withdrawal of VAT on edible oil import for three months

FBCCI president demands withdrawal of VAT on edible oil import for three months

-- 2022-03-07 19:14:15

Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) President Md Jashim Uddin has suggested withdrawal of value-added tax (VAT) on the import of edible oil for the next three months t...

Brent spikes to $139 on prospect of Russia oil ban, delay in Iran deal

Brent spikes to $139 on prospect of Russia oil ban, delay in Iran deal

-- 2022-03-07 18:20:06

Oil prices spiked to their highest levels since 2008 on Monday as the United States and European allies weighed a Russian oil import ban and delays in the potential return of Iranian crude to global m...

Wheat hits 14-year highs as Russia-Ukraine conflict curbs supply

Wheat hits 14-year highs as Russia-Ukraine conflict curbs supply

-- 2022-03-07 16:37:50

Chicago wheat futures rose by more than 6 per cent on Monday to 14-year highs on concern global supplies will be disrupted until the Russia-Ukraine conflict is resolved. Russia and Ukraine together a...

Oil price surges to almost $130, highest since 2008

Oil price surges to almost $130, highest since 2008

FE ONLINE DESK 2022-03-07 10:21:11

Oil prices soared to their highest since 2008 due to delays in the potential return of Iranian crude to global markets and as the United States and European allies consider banning imports of Russian...

Delhi may devise way to continue duty-free, quota-free market access for Bangladesh

Delhi may devise way to continue duty-free, quota-free market access for Bangladesh

SYFUL ISLAM 2022-03-07 09:05:50

New Delhi assured Dhaka of considering finding out a mechanism for continuation of duty-free and quota-free (DFQF) access of goods to its market even after Bangladesh graduates to upper level from the...

Volatile edible oil market worries all

Volatile edible oil market worries all

YASIR WARDAD 2022-03-07 08:59:44

Volatile edible-oil market has fuelled up concerns of the government, consumers and trade-bodies, as many of the city groceries are now operating without any bottled oil on their shelves amid traders'...

Ballooning import payments drag Bangladesh's reserves down

Ballooning import payments drag Bangladesh's reserves down

SIDDIQUE ISLAM 2022-03-07 08:45:54

Ballooning import payments amid price rises and a payment to the Asian Clearing Union (ACU) dragged Bangladesh's foreign-exchange reserves down US$44 billion, officials say. The reserve position stoo...

Bangladesh's apparel industry enjoys rejuvenation

Bangladesh's apparel industry enjoys rejuvenation

MONIRA MUNNI 2022-03-07 08:39:42

Bangladesh's apparel industry rejoices at rejuvenation with old factories expanding and new ones sprouting amid a glut of orders from buyers, though global tensions pose downside risks, sources say....

BGMEA urged IFC to provide soft loans for garment, textile sector

BGMEA urged IFC to provide soft loans for garment, textile sector

FE ONLINE REPORT 2022-03-06 20:35:42

Bangladesh  Garment  Manufacturers  and  Exporters  Association  (BGMEA)  on Sunday  called  upon  the International  Finance  Corporation...

IFC appoints new country manager for Bangladesh

IFC appoints new country manager for Bangladesh

-- 2022-03-06 19:09:40

The International Finance Corporation (IFC) has appointed Martin Holtmann as the new Country Manager for Bangladesh, Bhutan, and Nepal. Apart from Dhaka, Holtmann will focus on developing new opportu...

TCB launches new essentials sale programme ahead of Ramadan

TCB launches new essentials sale programme ahead of Ramadan

-- 2022-03-06 18:38:06

The government has started month-long essentials selling programme in Dhaka ahead of the upcoming holy Ramadan aiming to distribute commodities at subsidised rate among one 10 million lower-income fam...

NBR extends duty benefit on sugar import

NBR extends duty benefit on sugar import

FE ONLINE REPORT   2022-03-06 12:28:30

The National Board of Revenue (NBR) has extended concessionary duty benefit on sugar import until May 15, 2022. The facility has been extended following the price spiral in the international market...

BRAC Bank hosts annual summit on values-based banking movement

BRAC Bank hosts annual summit on values-based banking movement

FE ONLINE DESK 2022-03-06 12:27:12

BRAC Bank hosts annual summit on values-based banking movement   BRAC Bank will host the 14th Annual Meeting of the Global Alliance for Banking on Values, a network of the most environmentally...

Integrated VAT audit system emphasised

Integrated VAT audit system emphasised

FE REPORT 2022-03-06 08:53:06

An effective VAT audit system based on integrated audited accounts may be introduced where CMAs can play a vital role as a catalyst to the taxman. A comprehensive reform of the value-added tax (VAT)...

Onion gets pricier in Bangladesh market

Onion gets pricier in Bangladesh market

FE REPORT 2022-03-06 08:38:34

Prices of early-harvested local onion, known as 'Murikata, continued rising with its retail rates hitting Tk 65-75 a kilogram on Saturday, compounding consumers' woes. Imported Indian varieties also...

IndustriALL seeks steps to execute Bangladesh's roadmap for workers' rights

IndustriALL seeks steps to execute Bangladesh's roadmap for workers' rights

FE REPORT 2022-03-06 08:36:45

A global rights group called on Bangladesh to make sincere efforts to implement the roadmap requested by the International Labour Organisation (ILO) to improve worker rights in the country. Industr...

Shop sealed, owner fined in Jatrabari for overpricing soybean oil

Shop sealed, owner fined in Jatrabari for overpricing soybean oil

-- 2022-03-05 20:59:57

The authorities have shut down a wholesale edible oil shop and slapped its owner with a fine of Tk 200,000 for selling soybean oil at a price higher than that fixed by the government during a raid in...

Trade through Benapole suspended due to strike

Trade through Benapole suspended due to strike

-- 2022-03-05 20:27:56

Trade between Bangladesh and India through Benapole land port has remained suspended Saturday due to an indefinite strike called by several port organizations. Mofizur Rahman Sajan, president of the...

Global banks may face arduous, costly process to exit Russia

Global banks may face arduous, costly process to exit Russia

-- 2022-03-05 20:13:41

Global banks would face an arduous and costly process if they decide to close businesses in Russia, banking sources and experts say, complicating decisions over whether they should withdraw. Sanction...

FBCCI asks garment sector entrepreneurs to diversify investment   

FBCCI asks garment sector entrepreneurs to diversify investment  

-- 2022-03-05 18:09:17

FBCCI President Md Jashim Uddin on Saturday called upon the entrepreneurs of garments and textile industries to diversify their investments and brand Bangladesh in a new way. The president made the...

PayPal suspends its services in Russia

PayPal suspends its services in Russia

-- 2022-03-05 16:42:12

Payments company PayPal Holdings Inc shut down its services early on Saturday in Russia, citing "the current circumstances," joining many financial and tech companies in suspending operations there af...

Women still token in senior biz roles: female executives

Women still token in senior biz roles: female executives

FE REPORT 2022-03-05 09:54:16

When a recent global survey finds a token presence of women in finance and accounting, leading female executives suggest extensive country-specific studies for measures to fill the gap. They also fee...

Salt farmers in Chattogram eye profit this year

Salt farmers in Chattogram eye profit this year

NAZIMUDDIN SHYAMOL 2022-03-05 09:51:38

As the salt cultivation season will approach its end in May, salt-farmers are currently busy in cultivating crude salt in Chattogram's Banshkhali upazila's coastal areas. As the weather is favourable...