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The Financial Express

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Russian rouble slumps to record low amid Ukraine conflict

Russian rouble slumps to record low amid Ukraine conflict

-- 2022-02-28 09:54:05

The rouble has slumped by as much as 40 per cent against the dollar, after Western nations announced new sanctions against Russia over its invasion of Ukraine. The new record low for the...

EU appraisal mission to review labour standards for Bangladesh's EBA eligibility

EU appraisal mission to review labour standards for Bangladesh's EBA eligibility

FE REPORT 2022-02-28 09:05:33

A European Union (EU) mission prepares to review the progresses so far Bangladesh has made on human rights and labour standards, officials say, as an eligibility test for trade facility. The team wil...

Ukraine war bans weigh on Bangladesh gas drilling

Ukraine war bans weigh on Bangladesh gas drilling

M AZIZUR RAHMAN 2022-02-28 08:54:13

Western sanctions against Russia over the Ukraine war bites Bangladesh further as the much-needed gas drilling in hydrocarbon-rich Bhola by Russia's Gazprom is destined to be delayed. The western nat...

Bangladesh imports in January near $6.5b

Bangladesh imports in January near $6.5b

SIDDIQUE ISLAM 2022-02-28 08:52:09

The country's single-month import payments reached nearly US$6.50 billion in January 2022, following higher purchase of textile items from the global market to supply buyers' orders properly. The set...

Cooking turns costlier as oil prices exceed ceilings

Cooking turns costlier as oil prices exceed ceilings

Yasir Wardad/Rezaul Karim 2022-02-28 08:45:46

Cooking gets yet costlier as edible-oil market became volatile in last two days with prices overriding set official rates, and refiners now bid for a fresh hike. Loose soybean-oil prices shot up to T...

Fresh sanctions disrupt Russian exports; push up inflation in western nations

Fresh sanctions disrupt Russian exports; push up inflation in western nations

-- 2022-02-27 21:18:20

Russian exports of all commodities from oil and metals to grains will be severely disrupted by fresh Western sanctions, dealing a blow to Russia's economy and hurting the West with a spike in prices a...

Export-import through Benapole land port halted due to West Bengal polls

Export-import through Benapole land port halted due to West Bengal polls

-- 2022-02-27 19:27:36

Export-import activities between Bangladesh and India through the Benapole land port have remained suspended since Sunday morning due to the municipal elections in West Bengal. Karthik Chandra Chakra...

Dairy farmers call upon government to withdraw decision to export soybean meal

Dairy farmers call upon government to withdraw decision to export soybean meal

FE ONLINE REPORT 2022-02-27 16:28:01

Country’s dairy farmers have once again asked the government to revoke the decision to export soybean meal. The leaders of the Bangladesh Dairy Farmers' Association (BFDA) made the call at a pr...

US official says China so far not helping Russia evade Western sanctions

US official says China so far not helping Russia evade Western sanctions

-- 2022-02-27 11:17:56

China so far does not appear to be helping Russia evade Western financial sanctions on Moscow over its invasion of Ukraine, but doing so would "do profound damage" to China's reputation, a senior Bide...

JTI opens art exhibition

JTI opens art exhibition

FE REPORT 2022-02-27 09:26:35

Depicting the deep-rooted relationship between Bangladesh and Japan, a Japanese multinational has organised an art exhibition in the city to pay homage to the friendship. Japan Tobacco International...

Facebook to step up response to Bangladesh requests

Facebook to step up response to Bangladesh requests

FE REPORT 2022-02-27 09:23:27

A delegation of Facebook said the social media platform will look at Bangladesh-related issues in the light of the country's laws, tradition, culture, values and rules and regulations as much as possi...

Legal support sought for resumption of Qcoom business

Legal support sought for resumption of Qcoom business

FE REPORT 2022-02-27 09:21:29

The Ministry of Commerce (MoC) has sought legal support from the law ministry for resumption of business activities of e-commerce platform Qcoom in line with the online shopping site's request, offici...

Apex trade body emphasises zero supplementary duty on locally-produced goods

Apex trade body emphasises zero supplementary duty on locally-produced goods

FE REPORT 2022-02-27 09:10:16

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) said on Saturday the government should not impose any supplementary duty on locally-produced goods. "In order to promote domesti...

Bangladesh govt to devise IPR strategy for post-LDC era

Bangladesh govt to devise IPR strategy for post-LDC era

MONIRA MUNNI 2022-02-27 08:59:51

The government will formulate a strategy on intellectual property rights mainly to identify the possible challenges and their ways out after Bangladesh graduates from the Least Developed Country (LDC)...

Value chain aids farmers in Jamalpur

Value chain aids farmers in Jamalpur

YASIR WARDAD 2022-02-27 08:40:11

Establishment of an effective value chain contributes to the rise in income and nutrition intake alongside creating gender-sensitivity among farm communities in many parts of Jamalpur district. The...

Banks to require separate wing to manage business

Banks to require separate wing to manage business

JASIM UDDIN HAROON 2022-02-27 08:38:27

The commercial banks that are willing to start bancassurance business with the insurance firms would have to establish a separate wing for dealing with the clients. According to a draft guideline,...

Roads and Highways Department goes for yet a fresh project on 1,711-km highways

Roads and Highways Department goes for yet a fresh project on 1,711-km highways

MUNIMA SULTANA 2022-02-27 08:35:38

The government has taken a move to conduct feasibility studies on 1,711-kilometre national and regional highways for making those four-lane ones. According to sources, the Roads and Highways Departme...

Bangladesh starts counting fuel import cost amid Russia-Ukraine war

Bangladesh starts counting fuel import cost amid Russia-Ukraine war

M AZIZUR RAHMAN 2022-02-27 08:33:12

Bangladesh begins counting the cost in higher import bills as oil and gas prices on the international market soars in a fallout from the raging war between Russia and Ukraine, in the energy-rich belt....

BGMEA seeks WTO’s intervention to ensure due diligence in trade

BGMEA seeks WTO’s intervention to ensure due diligence in trade

FE ONLINE REPORT 2022-02-26 19:57:07

BGMEA has sought WTO’s (World Trade Organization) intervention to ensure due diligence in trade in collaboration with its signatory members and global forums. The apparel apex body also called...

FBCCI to establish UAE-Bangladesh Joint Council in Dubai

FBCCI to establish UAE-Bangladesh Joint Council in Dubai

-- 2022-02-26 19:06:48

The Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) is going to establish UAE- Bangladesh Joint Business Council in Dubai to tap the business and investment potentials in countries i...

Taiwan sees limited impact from Ukraine war on chip supply chain

Taiwan sees limited impact from Ukraine war on chip supply chain

-- 2022-02-26 19:04:50

Taiwan expects little impact from the war in Ukraine on the supply of key raw materials for semiconductors, the government said on Saturday. Taiwan is a major chip manufacturer, home to the world's l...

Cutting Russia off from SWIFT a matter of days, says euro zone central banker

Cutting Russia off from SWIFT a matter of days, says euro zone central banker

-- 2022-02-26 17:57:33

A decision to cut Russia off from the global SWIFT payment system will be taken in a matter of days, the governor of a central bank within the euro zone told Reuters on Saturday. "SWIFT is just a mat...

Petrobangla shortlists foreign firms to revamp Model PSC

Petrobangla shortlists foreign firms to revamp Model PSC

-- 2022-02-26 17:18:26

State-owned Petrobangla shortlisted four foreign firms in the process of hiring a consultant for making its Model Production Sharing Contract (PSC) more attractive to foreign investors interested in o...

India mulls urea import deal with Iran using rupee payment

India mulls urea import deal with Iran using rupee payment

-- 2022-02-26 13:40:35

India plans to pay in rupees for its first long-term urea import deal with Iran to hedge itself from global supply disruptions, higher prices and forex volatilities, sources familiar with the matter s...

National Geographic’s SUPERFACTORIES will premiere Walton today

National Geographic’s SUPERFACTORIES will premiere Walton today

FE ONLINE DESK 2022-02-26 11:34:06

National Geographic Channel presents SUPERFACTORIES is set to take the viewers inside the state-of-the-art Walton factory in Gazipur, Bangladesh, the local electronics giant has said in a press releas...

Cutting energy subsidy? Bangladesh already faces price challenges amid global volatility

Cutting energy subsidy? Bangladesh already faces price challenges amid global volatility

-- 2022-02-26 11:17:52

Russia’s invasion of Ukraine has fuelled oil prices to surge worldwide and stoked fears of major disruptions to the global energy supply. Bangladesh, which is heavily reliant on imports, is expe...

Bangladesh's cooking oil import rises 13 times in two months

Bangladesh's cooking oil import rises 13 times in two months

FE REPORT 2022-02-26 09:08:19

Malaysian palm-oil import by Bangladesh increased thirteen times in last December-January period, amid a high demand for cooking oils that sent prices spiraling to a record high. The quantum leap in...

Apparel makers reaffirm safe working environment pledge to ILO

Apparel makers reaffirm safe working environment pledge to ILO

FE REPORT 2022-02-26 08:49:26

Apparel-sector leaders have reaffirmed their commitment to the International Labour Organisation (ILO) to maintain a safe and sustainable working environment and harmonious labour relations in the cou...

Oil prices back below $100 as concerns over supply disruptions ease

Oil prices back below $100 as concerns over supply disruptions ease

-- 2022-02-25 18:40:38

Oil prices fell back below $100 a barrel after soaring on Thursday. The oil prices went up amid concerns over supply disruptions due to conflict in Europe’s eastern flank. Reuters said in a rep...

Australian company to recruit Bangladeshi professionals in ICT sector

Australian company to recruit Bangladeshi professionals in ICT sector

-- 2022-02-25 18:06:37

State-owned manpower exporting company BOESL has signed a Memorandum of Understanding (MoU) with an Australian company for recruiting Bangladeshis in the Australian ICT sector. Bangladesh Overseas Em...