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The Financial Express

Search results for: Trade

Number of mobile internet subscribers increases by 10m in 2021

Number of mobile internet subscribers increases by 10m in 2021

FE ONLINE REPORT 2022-02-12 19:16:12

A total of 10.54 million new mobile internet subscribers have been added in 2021, reaching the country’s total users 123.82 million at the end of December, 2021. The number of mobile internet u...

Myanmar firm set to control Telenor unit after military backs bid

Myanmar firm set to control Telenor unit after military backs bid

-- 2022-02-12 14:05:46

Myanmar's military has given the go-ahead for a local company to own most of Norwegian telco Telenor's operations in the country, under a deal to be finalised shortly, communications seen by Reuters s...

Stellantis recalling nearly 20,000 plug-in minivans over fire risks

Stellantis recalling nearly 20,000 plug-in minivans over fire risks

-- 2022-02-12 11:50:15

Chrysler parent Stellantis is recalling 19,808 plug-in hybrid minivans and urged owners to stop recharging them, after reports of 12 fires in parked vehicles. The automaker said the recall cover...

Walmart no longer requires masks for fully vaccinated workers in US

Walmart no longer requires masks for fully vaccinated workers in US

-- 2022-02-12 11:29:46

Walmart Inc informed staff on Friday that fully vaccinated workers in the United States will no longer be required to wear masks in the company's facilities, effective immediately, unless require...

Vigil against market manipulation put at highest level: Officials

Vigil against market manipulation put at highest level: Officials

REZAUL KARIM 2022-02-12 08:51:18

The government beefs up monitoring at top level to thwart price hike of essentials through any artificial supply scarcity, officials say, as pre-Ramadan hoarding for a windfall remains a concern. Mea...

Vessel, freight problems hit potato export

Vessel, freight problems hit potato export

YASIR WARDAD 2022-02-12 08:50:05

After making all-time high export earnings from potato shipments in last fiscal year (FY), 2020-21, the traders concerned are now struggling hard to maintain the same growth in this FY amid shortage o...

Bangladesh's Tk 300b rail projects derail as China quits

Bangladesh's Tk 300b rail projects derail as China quits

MIR MOSTAFIZUR RAHAMAN 2022-02-12 08:49:03

Two vital railway projects worth around Tk 300 billion seem to have derailed before whistle-start as China decides to cease funding following downward cost revision of the works. Sources say tenures...

World's damaged supply chains brace for painful recovery

World's damaged supply chains brace for painful recovery

-- 2022-02-12 08:46:48

Signs are growing that a global supply chain crisis which has confounded central bank inflation forecasts, stunted economic recoveries and compressed corporate margins could finally start to unwind to...

Russia could hit US chip industry, White House fears

Russia could hit US chip industry, White House fears

-- 2022-02-12 08:39:57

The White House is warning the chip industry to diversify its supply chain in case Russia retaliates against threatened US export curbs by blocking access to key materials, people familiar with the ma...

Bird flu spreads across US affecting poultry industry

Bird flu spreads across US affecting poultry industry

-- 2022-02-12 08:26:35

US poultry producers are tightening safety measures for their flocks as disease experts warn that wild birds are likely spreading a highly lethal form of avian flu across the country, Reuters reports....

bKash to bring payments to freelancers through Payoneer in real time

bKash to bring payments to freelancers through Payoneer in real time

-- 2022-02-11 17:10:07

Freelancers in Bangladesh will now be able to receive payments instantly to their bKash account from all over the world through Payoneer. Payoneer, a US-based commerce technology company powering pay...

Recovery dreams elude Dhaka’s street vendors

Recovery dreams elude Dhaka’s street vendors

SAJIBUR RAHMAN 2022-02-11 14:12:19

Sales of goods and commodities at Dhaka city’s sprawling street markets have come down to a half during the pandemic, causing the disappearance of many of the hawkers from the scene, stakeholder...

Tesla recalls over 500,000 vehicles to fix pedestrian warning sounds

Tesla recalls over 500,000 vehicles to fix pedestrian warning sounds

-- 2022-02-11 12:21:51

Electric car maker Tesla Inc (TSLA.O) is recalling 578,607 vehicles in the United States because pedestrians may not be able to hear a required warning sound of an approaching car due to loud music or...

Iran's oil exports increase as nuclear talks resume

Iran's oil exports increase as nuclear talks resume

-- 2022-02-11 12:12:48

Iranian oil exports have risen to more than 1 million barrels per day for the first time in almost three years, based on estimates from companies that track the flows, reflecting increased shipments t...

Several Asian refiners to receive full Saudi crude allocation

Several Asian refiners to receive full Saudi crude allocation

-- 2022-02-11 12:02:10

Saudi Aramco (2222.SE) has notified at least six Asian buyers that it will supply full contractual volumes of crude oil in March, sources with knowledge of the matter said on Friday, Reuters reports....

Stakeholders urge for promoting EV business in Bangladesh

Stakeholders urge for promoting EV business in Bangladesh

FE ONLINE DESK 2022-02-11 11:53:19

Stakeholders have called for the adoption of electric vehicles, or EVs, saying that they are cost-efficient and greener compared to Internal Combustion Engine (ICE) vehicles, which run on fossil fuels...

BGMEA, GIZ join hands to build safety, other committees’ capacity

BGMEA, GIZ join hands to build safety, other committees’ capacity

FE REPORT 2022-02-11 10:10:17

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA), German international cooperation agency GIZ and Particip GmbH have paired up to strengthen capacity of factory participation, sa...

Malaysian, Bangladeshi recruiters demand syndicate-free hiring

Malaysian, Bangladeshi recruiters demand syndicate-free hiring

FE REPORT 2022-02-11 10:07:40

Manpower-recruiting agencies from Bangladesh and Malaysia jointly expressed concerns over possible syndication in sending workers to Malaysia. They sought equal opportunities for all licensed recruit...

Japan presents commemorative coins to Bangladesh Bank

Japan presents commemorative coins to Bangladesh Bank

FE REPORT 2022-02-11 10:06:19

Japan has handed over commemorative coins to Bangladesh Bank (BB), marking the 50th anniversary of establishment of its diplomatic relations with Bangladesh. Japan recognised Bangladesh as a sovereig...

Engineers protest against DCs' oversight of dev projects

Engineers protest against DCs' oversight of dev projects

FE REPORT 2022-02-11 10:05:11

Several hundred engineers formed a human chain in Dhaka city on Thursday to protest against a government order that empowers deputy commissioners (DCs) to monitor development projects. To this end,...

Tourism industries seek cut in VAT on resorts, liquors

Tourism industries seek cut in VAT on resorts, liquors

FE REPORT 2022-02-11 10:04:04

Tourism industry leaders on Thursday sought cut in VAT on resorts, restaurants and liquors - both local and foreign — to help the sector grow further and recover from the pandemic-induced loss...

Costlier commodities weigh on Bangladesh commoners

Costlier commodities weigh on Bangladesh commoners

FE REPORT 2022-02-11 10:02:09

Further increase in prices of edible oil, rice, flour, onion and potato last week brought the commoners, who are already hit by the pandemic, to their knees. Price of loose soybean oil rose Tk5.0 a l...

FBCCI wants corporate tax rate cut to 10-15pc

FBCCI wants corporate tax rate cut to 10-15pc

FE REPORT 2022-02-11 09:59:30

The country's apex trade body has demanded that the government lower corporate tax rate to 10-15 per cent, in order to help the backward linkage industry flourish. Since most of the backward-linkage...

Investment promoters for cutting corporate taxes, duties on industrial imports

Investment promoters for cutting corporate taxes, duties on industrial imports

FE REPORT 2022-02-11 09:57:36

Cutbacks on corporate taxes and import duties on raw materials and capital machinery are in a package of proposals Bangladesh's investment-promotion agencies (IPA) placed for the next budget to lure...

State-owned banks asked to involve private lenders in financing gold refinery

State-owned banks asked to involve private lenders in financing gold refinery

SIDDIQUE ISLAM 2022-02-11 09:55:25

The central bank advises five state-owned commercial banks (SoCBs) to involve private banks in funding a maiden gold refinery in Bangladesh in a bid to diversify any risk of investment. The suggestio...

Master plan emphasises investment in power grid, renewables

Master plan emphasises investment in power grid, renewables

FE REPORT 2022-02-11 09:48:43

Bangladesh's new energy and power system master plan must focus on grid investment and renewable energy, rather than switching its focus from imported coal to imported LNG, to limit the need for lar...

Bangladesh has high prospect of striking gas jackpot

Bangladesh has high prospect of striking gas jackpot

M AZIZUR RAHMAN 2022-02-11 09:44:31

Bangladesh may see a change of fortune with prospective huge gas strike in and around offshore Bhola island while the country reels from fuel crunch and expensive LNG import. In the meantime, state-r...

Canada-US border city seeks court order to remove protesting truckers

Canada-US border city seeks court order to remove protesting truckers

-- 2022-02-11 09:16:44

A Canadian mayor said on Thursday his city was seeking a court order to remove anti-coronavirus mandate protesters who have blocked a vital US-Canada trade route and forced automakers in both countrie...

US urges Canada to ease border protest disruption

US urges Canada to ease border protest disruption

-- 2022-02-11 09:01:39

Canada should use federal powers to ease the growing economic disruption caused by the blockage of a vital US-Canada trade route by protesters opposed to coronavirus mandates, US President Joe Biden's...

Seven Evaly cars sold for Tk 29m at auction

Seven Evaly cars sold for Tk 29m at auction

-- 2022-02-10 22:34:46

Controversial online marketplace Evaly has sold seven cars for Tk 29.05 million at an auction. The money will be used to pay back customers of the e-commerce firm, Justice AHM Shamsuddin Choudhury, w...