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The Financial Express

Search results for: Trade

SME loan in only seven days for online entrepreneurs

SME loan in only seven days for online entrepreneurs

FE Online Report 2022-03-02 12:49:59

Microfinance institution Shakti Foundation in collaboration with Delivery Tiger, a logistics platform, launched ‘e-Loan’ product for online entrepreneurs. The ‘e-Loan’ allows...

Apple, Ford, other major US companies join corporate wave shunning Russia

Apple, Ford, other major US companies join corporate wave shunning Russia

-- 2022-03-02 12:08:10

Some of America's best-known companies including Apple, Google, Ford, Harley-Davidson and Exxon Mobil rebuked and rejected Russia for its invasion of Ukraine, under steady pressure from investors and...

Tariff Commission suggests 10pc cash incentive for ferro alloy chemicals

Tariff Commission suggests 10pc cash incentive for ferro alloy chemicals

FE REPORT 2022-03-02 10:44:48

A government body has suggested providing 10 per cent cash incentive facility on export of ferro alloy chemicals conditionally - to boost export volume and increase competitiveness in the global marke...

Rational tariffs, ensuring quality products, better dealmaking emphasised

Rational tariffs, ensuring quality products, better dealmaking emphasised

FE REPORT 2022-03-02 10:21:40

Rationalising tariffs, ensuring quality products in its basket and developing better-dealmaking skills are among priorities some eminent experts set for Bangladesh to sustain in post-graduation compet...

Ministry sits with stakeholders to keep supply, price stable during Ranadan

Ministry sits with stakeholders to keep supply, price stable during Ranadan

FE REPORT 2022-03-02 08:42:20

The Ministry of Commerce (MoC) is set to hold a meeting with the stakeholders concerned today (Wednesday) to devise necessary strategies for keeping the prices of essential items stable during the u...

Bangladesh closes 126 customs stations at border

Bangladesh closes 126 customs stations at border

DOULOT AKTER MALA 2022-03-02 08:38:44

Government's revenue authority has officially shut down 126 customs borders, which account for 70 per cent of its trans-border road, rail and water routes to India and Myanmar. Officials say the Na...

Labour ministry, bKash sign stipend disbursement deal to eradicate child labour

Labour ministry, bKash sign stipend disbursement deal to eradicate child labour

FE ONLINE DESK 2022-03-01 22:02:25

The Ministry of Labour and Employment and mobile financial service provider bKash have signed an agreement to disburse stipends among 100,000 children under a project to eradicate child labour through...

CPD 58th board of trustees meeting held on Monday   

CPD 58th board of trustees meeting held on Monday  

FE ONLINE DESK 2022-03-01 21:49:28

The Board of Trustees (BoT) meeting of the Centre for Policy Dialogue (CPD) was held virtually on Monday, February 28, 2022. The Board approved CPD’s plan for research, dialogue, publication an...

Global supply chains face new disruption, cost pressure after airspace closures

Global supply chains face new disruption, cost pressure after airspace closures

-- 2022-03-01 20:04:11

Global supply chains, already hit hard by the pandemic, face new disruption and cost pressure as airspace bans following Russia's invasion of Ukraine raise concerns over a fifth of air freight. Trans...

Ukraine invasion will have no impact on RNPP, says Rosatom

Ukraine invasion will have no impact on RNPP, says Rosatom

FE ONLINE DESK   2022-03-01 19:27:33

Russia's state-owned company Rosatom has dismissed fears of a stalemate in the construction of the Rooppur nuclear power plant (RNPP) due to Russia's military operation in Ukraine. They said the Ukra...

SWIFT says it is waiting for instruction to disconnect Russian banks

SWIFT says it is waiting for instruction to disconnect Russian banks

-- 2022-03-01 18:39:35

SWIFT said on Tuesday it was waiting to get a legal instruction to disconnect Russian banks from its global financial messaging system as sanctions in response to Russia's invasion of Ukraine are roll...

Investors cut Russia exposure; banks slide

Investors cut Russia exposure; banks slide

-- 2022-03-01 18:23:30

Major investors, including hedge fund Man Group and British asset manager Abrdn, said on Tuesday they were cutting their positions in Russia in the wake of the country's invasion of Ukraine. Their pr...

Bangladesh-China trade volume reaches historic level: Chinese trade body leader

Bangladesh-China trade volume reaches historic level: Chinese trade body leader

FE ONLINE REPORT 2022-03-01 15:47:37

Bangladesh and China’s bilateral trade volume and growth rate have reached ‘the best level in history' with the implementation of the "Belt and Road Initiative, the top official of a leadi...

Visa, Mastercard block multiple Russian financial institutions after government sanctions

Visa, Mastercard block multiple Russian financial institutions after government sanctions

-- 2022-03-01 14:08:25

US payment card firms Visa Inc and Mastercard Inc have blocked multiple Russian financial institutions from their network, complying with government sanctions imposed over Moscow's invasion of Ukraine...

PM Hasina wants insurance sector under full digital system

PM Hasina wants insurance sector under full digital system

-- 2022-03-01 13:53:54

Prime Minister Sheikh Hasina has said the insurance sector would have to be brought under a complete automation and digitised system to render hassle free services and thus encourage the people about...

PM inaugurates National Insurance Day

PM inaugurates National Insurance Day

-- 2022-03-01 13:37:43

Prime Minister Sheikh Hasina has inaugurated the National Insurance Day to enhance public awareness about the insurance for further development of the sector, BSS reports. She opened the day virtuall...

upay to provide cash collection solutions to Pathao Courier

upay to provide cash collection solutions to Pathao Courier

FE ONLINE DESK 2022-03-01 13:21:58

The country’s mobile financial service provider upay has signed an agreement with Pathao Limited to facilitate cash collection from Pathao Courier Hubs across the country. Under the agreement,...

Carton manufacturers want waiver of tax at source

Carton manufacturers want waiver of tax at source

FE REPORT 2022-03-01 11:08:56

Bangladesh Local Carton Manufacturers Association (BLCMA) urged the government on Monday to waive tax at source from carton manufacturers and to rein in growing prices of paper in order to help the in...

Stakeholders call for legalising sub-contracting to bag more orders

Stakeholders call for legalising sub-contracting to bag more orders

MONIRA MUNNI 2022-03-01 11:06:07

The country's garment accessories makers urged the government to legalise sub-contracting for them in a bid to grab increased work orders as well as to help small- and medium-scale units sustain in th...

Western companies' pullout from Russia to accelerate now

Western companies' pullout from Russia to accelerate now

-- 2022-03-01 10:24:12

More Western companies are expected to pull out of Russia on Tuesday, as corporations and investors across industries follow the lead of energy firms BP and Shell that abandoned multi-billion-dollar p...

Use of tech emphasised 'to bring unbanked people into financial system'

Use of tech emphasised 'to bring unbanked people into financial system'

FE REPORT 2022-03-01 10:13:38

The state-owned commercial banks should adopt latest technologies to bring banking services to a large number of unbanked people in the country. The observation was made by the speakers at a ceremony...

Vegetable shipment to be major source of export earnings: Minister

Vegetable shipment to be major source of export earnings: Minister

FE REPORT 2022-03-01 08:56:49

Vegetable shipment is going to be one of the major sources of export earnings in coming years, Agriculture Minister Dr Muhammad Abdur Razzaque said on Monday at an inaugural ceremony. Apart from rais...

Electronic system of bridges' toll collection gets lukewarm response

Electronic system of bridges' toll collection gets lukewarm response

MUNIMA SULTANA 2022-03-01 08:45:12

The electronic toll-collection (ETC) system of bridges has so far received lukewarm response from the users since its introduction in 2019. The Roads and Highways Department (RHD) has installed the...

Letting ultra-rich to steal savers' money 'unethical', Sadiq Ahmed says

Letting ultra-rich to steal savers' money 'unethical', Sadiq Ahmed says

FE REPORT 2022-03-01 08:41:44

It is highly 'immoral and unethical' to let a few greedy and politically connected ultra-rich people to siphon off depositors' money, which is ultimately refilled with taxpayers' money, noted economis...

Concessionary duty on raw sugar imports remains until May

Concessionary duty on raw sugar imports remains until May

DOULOT AKTER MALA 2022-03-01 08:38:07

The National Board of Revenue (NBR) is likely to extend the concessionary import-duty facility for raw sugar until May 30, 2022. The facility was scheduled to expire Monday (February 28, 2022). On O...

Fund crunch may hit Rooppur Nuclear Plant following Russia sanctions

Fund crunch may hit Rooppur Nuclear Plant following Russia sanctions

M AZIZUR RAHMAN 2022-03-01 08:29:43

Implementation of the US$13.48-billion Rooppur Nuclear Power Plant (RNPP) project might face wrath of the Western sanctions against Russia over the Ukraine war, as most of the funding of this mega p...

Western firms looking to exit Russia as sanctions tighten

Western firms looking to exit Russia as sanctions tighten

-- 2022-02-28 20:32:22

Energy giant BP, global bank HSBC and the world's biggest aircraft leasing firm AerCap joined a growing list of Western firms looking to exit Russia on Monday, as Western sanctions tightened the screw...

Ministry awaits BTTC report before raising edible oil price

Ministry awaits BTTC report before raising edible oil price

-- 2022-02-28 18:49:07

The commerce ministry has asked Bangladesh Trade and Tariff Commission (BTTC) to provide import and market data on current rates before considering whether the companies' latest proposal to hike the p...

Syndicates of middlemen to be broken to arrest vegetable price hike: Secretary

Syndicates of middlemen to be broken to arrest vegetable price hike: Secretary

FE REPORT 2022-02-28 10:57:29

Agriculture Secretary Md Sayedul Islam said on Sunday the government started working to reduce high prices of vegetables by dismantling syndicate of middlemen. "We have started working by incorporati...

Dairy farmers oppose soybean meal export

Dairy farmers oppose soybean meal export

FE REPORT 2022-02-28 10:47:30

Dairy farmers have once again urged the government to revoke the decision to export soybean meal. The leaders of the Bangladesh Dairy Farmers' Association (BDFA) made the call at a press conference i...