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The Financial Express

Search results for: Trade

About 21,000 Bangladeshi women workers go abroad in two months

About 21,000 Bangladeshi women workers go abroad in two months

FE REPORT 2022-03-05 09:03:53

Bangladesh sent more than 20,000 female workers abroad in the first two months of the current calendar year, mostly to Saudi Arabia, shows an official account. Data released by the Bureau of Manpow...

Oil spikes, general price rises pinch commoners

Oil spikes, general price rises pinch commoners

YASIR WARDAD 2022-03-05 08:48:26

Yet again prices of edible oils rise to add to the hardship of the commoners already battered by general price rises on the volatile market, spot surveys show. Onions, rice, wheat flour and sugar als...

Tourism in Sundarbans turns costlier as government doubles levy

Tourism in Sundarbans turns costlier as government doubles levy

DOULOT AKTER MALA 2022-03-05 08:43:42

Tourism in the Sundarbans would now be costlier than earlier as the government has doubled its levy after a decade. All the fees and non-tax revenue rates have been increased on an average for touris...

Bangladesh government starts search action against edible oil oligopolies

Bangladesh government starts search action against edible oil oligopolies

REZAUL KARIM 2022-03-05 08:41:03

Sudden market volatility with price spirals invites action as the government starts assessing the import, supply and stock positions of edible oils with refiners and traders, officials say. To this e...

Share of woven garments in Bangladesh exports decreases for lax backward linkage

Share of woven garments in Bangladesh exports decreases for lax backward linkage

MONIRA MUNNI 2022-03-05 08:33:32

The share of woven garments in Bangladesh's export earnings wanes mainly as lax backward-linkage industry fails to support the apparel subsector, insiders say. Backward-linkage industry is also "impo...

Microsoft suspends product sales and services in Russia

Microsoft suspends product sales and services in Russia

-- 2022-03-04 21:28:44

Microsoft Corp said on Friday it was suspending new sales of its products and services in Russia, becoming the latest Western company to distance itself from Moscow after the Ukraine invasion. Russia...

BB warns of transactions with Russian lenders amid Western sanctions

BB warns of transactions with Russian lenders amid Western sanctions

-- 2022-03-04 21:28:19

The Bangladesh Bank (BB) has alerted the commercial banks to risks of transactions with Russian lenders in the face of unprecedentedly massive Western sanctions targeting Russia’s economy in res...

Russia outlines three alternatives for foreign firms

Russia outlines three alternatives for foreign firms

-- 2022-03-04 19:33:06

Companies and investors across the world faced Russian dilemmas on Friday as they weighed up an offer from Moscow to fast-track their exits from the country and allow them to hand over holdings to loc...

Sony, Honda plan to develop, sell electric vehicles jointly

Sony, Honda plan to develop, sell electric vehicles jointly

-- 2022-03-04 16:21:44

Japan's Sony Corp and Honda Motor Co Ltd said on Friday they would pair up to develop and sell battery-powered electric vehicles, as the electronics maker furthers its ambitions to become a key player...

Inflation hits people hard

Inflation hits people hard

FE ONLINE DESK 2022-03-04 10:28:38

Shirin Runa and Delwar Hossain Jewel usually buy the school books and stationery for their two children at the start of the year. This year, they couldn’t. They have to wait another month before...

Two more e-commerce companies start returning stuck-up funds

Two more e-commerce companies start returning stuck-up funds

FE REPORT 2022-03-04 08:57:12

Crisis-ridden e-commerce platforms Boom Boom Shopping and Tholay.com on Thursday started refunding their customers from the money that got stuck with the SSL Payment gateway and Nagad. Initially, o...

Beijing for expediting Sino-Bangladesh FTA

Beijing for expediting Sino-Bangladesh FTA

MIR MOSTAFIZUR RAHAMAN 2022-03-04 08:40:30

China moves for expediting the signing of a proposed free-trade agreement (FTA) with Bangladesh as the two countries enjoy growing economic cooperation, with the balance of trade heavily tilted toward...

BEZA’s economic zone continuity plan to face disaster risks

BEZA’s economic zone continuity plan to face disaster risks

FE REPORT 2022-03-04 08:37:50

The Bangladesh Economic Zones Authority (BEZA) is planning to introduce business continuity plan (BCP) in the economic zones (EZs) to protect investment in the zones from disaster-related loss. The B...

Dhaka mulls currency swap with Moscow if SWIFT blocks Russian banks: Kamal

Dhaka mulls currency swap with Moscow if SWIFT blocks Russian banks: Kamal

FE REPORT 2022-03-04 08:33:23

Dhaka mulls over using alternative payment method in financial transactions with Moscow if international gateway SWIFT blocks Russian banks following sanctions over the Ukraine war. Finance Minister...

LPG prices rise by 12pc owing to instability in global market

LPG prices rise by 12pc owing to instability in global market

-- 2022-03-03 15:36:15

Instability in the global market has led Bangladesh to increase the prices of liquefied petroleum gas for a second consecutive month, with the price of a litre rising by 12.13 per cent to Tk 116. Md...

Sweden's H&M temporarily pauses sales in Russia

Sweden's H&M temporarily pauses sales in Russia

-- 2022-03-03 12:09:24

Swedish fashion group H&M is temporarily pausing all sales in Russia, it said on Wednesday, joining a growing list of companies shunning the country since it invaded Ukraine. The world's second-b...

Oil price surge leads mad rush to resources

Oil price surge leads mad rush to resources

FE ONLINE DESK 2022-03-03 11:11:41

Oil prices sped higher on Thursday as the war in Ukraine drove a mad dash for resources in an ominous sign for global inflation, while Asian shares eked out gains after reassuring comments from the Fe...

BGMEA members’ registration system goes online

BGMEA members’ registration system goes online

FE REPORT 2022-03-03 10:58:20

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has launched its online-based membership management system to make registration procedures easy, faster and more convenient for f...

BGMEA expresses concern as Russia a major destination for Bangladeshi RMG products

BGMEA expresses concern as Russia a major destination for Bangladeshi RMG products

FE ONLINE REPORT 2022-03-03 10:47:16

The ongoing Russia-Ukraine conflict has emerged as a concern for the Readymade Garment (RMG) sector of Bangladesh, said BGMEA. Russia, a potential and emerging market for  Bangladesh RMG exports...

Taxes on construction materials need to be lowered: Stakeholders

Taxes on construction materials need to be lowered: Stakeholders

FE REPORT 2022-03-03 10:19:26

Domestic makers of essential building materials call for unburdening them of the overweight of multiple taxes to help them sustain the fallout of the pandemic. They say a spike in raw material prices...

ICAB backs RMG-like tax benefits for other export industries

ICAB backs RMG-like tax benefits for other export industries

FE REPORT 2022-03-03 10:09:23

The Institute of Chartered Accountants of Bangladesh (ICAB) on Wednesday recommended providing tax benefits, like the ones now being enjoyed by the RMG industry, to all the export-oriented industries...

Bangladesh's merchandise export marks 30pc growth

Bangladesh's merchandise export marks 30pc growth

FE REPORT 2022-03-03 10:02:06

A resilient rebound in apparel trade buoyed the country's merchandise shipments as Bangladesh recorded over 30-per cent annualized export growth in the current financial year's first eight months. Ex...

Summit's FSRU resumes LNG re-gasification

Summit's FSRU resumes LNG re-gasification

M AZIZUR RAHMAN 2022-03-03 08:42:07

Summit Group's FSRU (floating, storage, re-gasification unit) resumed re-gasification of liquefied natural gas (LNG) in a major step to ease several month-long countrywide natural gas crisis. The F...

Volatile market leads to higher import-stage revenue growth

Volatile market leads to higher import-stage revenue growth

DOULOT AKTER MALA 2022-03-03 08:40:18

Collection of tax revenue, largely import-stage revenue, grew by 15.75 per cent in the first seven months of the current fiscal year. Customs revenue grew by 22.45 per cent until January of fiscal ye...

Bangladesh Bank fears fallout from Russia-Ukraine war, global price spike

Bangladesh Bank fears fallout from Russia-Ukraine war, global price spike

FE REPORT 2022-03-03 08:33:47

Global commodity-price spirals amid unfolding geopolitical conflicts -- the Russia-Ukraine war at a peak -- may exert inflationary pressures on Bangladesh market. Such concern is aired in the Bangl...

Sales of non-bottled soybean oil to be stopped after May 31

Sales of non-bottled soybean oil to be stopped after May 31

-- 2022-03-02 19:10:01

The government has decided to stop the sales of non-bottled soybean oil after May 31 and sales of non-bottled palm oil after December 31 this year with an aim to ensure sales of edible oil at a fixed...

BGMEA launches digital membership management system

BGMEA launches digital membership management system

FE ONLINE REPORT 2022-03-02 18:58:06

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) launched a digital membership management system. BGMEA President Faruque Hassan inaugurated the digital “BGMEA Membership...

Bangladesh apparel sees 30pc export growth in July-Feb

Bangladesh apparel sees 30pc export growth in July-Feb

FE ONLINE REPORT 2022-03-02 18:38:22

The country's merchandise export earnings maintained hefty growth during the first eight months of current fiscal year recording over 30 per cent rise this fiscal year following the good performance o...

BRAC Bank TARA’s exciting Women’s Day offers

BRAC Bank TARA’s exciting Women’s Day offers

-- 2022-03-02 16:21:58

  BRAC Bank’s Women Banking TARA has introduced a host of lucrative offers on the occasion of International Women’s Day 2022.   TARA credit card customers will enjoy 16% inter...

UCB launches implementation of Robotic Process Automation

UCB launches implementation of Robotic Process Automation

FE ONLINE DESK 2022-03-02 14:50:40

United Commercial Bank Ltd (UCB) has launched the implementation of Robotic Process Automation (RPA), an Artificial Intelligence (AI) based Technology of the 4th Industrial Revolution (4IR). Managing...