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The Financial Express

Search results for: Trade

Workers’ union leader files petition seeking liquidation of Grameen Telecom

Workers’ union leader files petition seeking liquidation of Grameen Telecom

FE ONLINE REPORT 2022-02-07 16:44:02

A petition has been filed with the company court of the High Court division of the Supreme Court seeking liquidation of Grameen Telecom, an organisation owned by Nobel laureate Professor Muhammad Yunu...

Tariff discrimination in importing fire safety equipment needs to be removed: FBCCI

Tariff discrimination in importing fire safety equipment needs to be removed: FBCCI

FE REPORT 2022-02-07 09:58:41

The country's apex trade body urged the government on Sunday to remove discrimination in tariff rates on import of fire safety equipment in the interest of all industries. Leaders of the Federation o...

Digital ID introduced to discipline e-commerce

Digital ID introduced to discipline e-commerce

FE REPORT 2022-02-07 08:53:19

The government on Sunday introduced the Digital Business Identification (DBID) system to bring discipline in the crisis-ridden e-commerce sector of the country. From now on, the e-commerce companies...

Apparel trade body calls for enhancing Chattogram Port's capacity, efficiency

Apparel trade body calls for enhancing Chattogram Port's capacity, efficiency

FE REPORT 2022-02-07 08:50:46

Apparel-sector leaders on Sunday urged the government for enhancing capacity and efficiency of the Chattogram Port to help the industry make timely shipments and meet the future growing demand of se...

Revenue board says no to pharma companies’ plea for VAT rebate

Revenue board says no to pharma companies’ plea for VAT rebate

DOULOT AKTER MALA 2022-02-07 08:49:19

Promotional gifts of the pharmaceutical companies to doctors, chemists, druggists and others along the trade line will no more be entitled to tax benefit, worth billions. The VAT authority under the...

Increased edible oil prices endorsed

Increased edible oil prices endorsed

FE REPORT 2022-02-07 08:42:50

The government Sunday gave the seal of approval on the already-hiked prices of edible oils, one and a half weeks after the raise given by the refiners on their own. Officials of commerce ministry s...

Bangladesh government eyes net zero bank borrowing in February

Bangladesh government eyes net zero bank borrowing in February

SIDDIQUE ISLAM 2022-02-07 08:36:07

The government has no plan to borrow from the banking system in February mainly as there's enough in its account these days, officials say. The Ministry of Finance (MoF) has set zero net bank-borrowi...

Incentivise import of fire safety equipment for all, FBCCI says

Incentivise import of fire safety equipment for all, FBCCI says

-- 2022-02-06 20:53:15

Entrepreneurs on Sunday demanded an end to the existing discrimination in tariff rates on the import of fire safety equipment. They made the demand at the first meeting of the FBCCI Standing Committe...

US tariff extension on solar products hurts new energy trade, says China

US tariff extension on solar products hurts new energy trade, says China

-- 2022-02-06 17:55:07

A US extension of tariffs on solar products distorts international trade and hinders the development of clean, low-emission energy, China's commerce ministry said on Saturday. US President Joe Biden...

Patenga Container Terminal ready to begin operation in June

Patenga Container Terminal ready to begin operation in June

-- 2022-02-06 16:41:09

The newly built Patenga Container Terminal (PCT) in Chattogram is set to start its operation in June, said Chattogram Port Authority Chairman Rear Admiral M Shahjahan. “After the opening of the...

BGMEA to bring member factories under RSC inspection

BGMEA to bring member factories under RSC inspection

FE REPORT 2022-02-06 10:23:18

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has initiated a move to bring its member factories, mainly those that remained outside the purview of Accord, under the inspectio...

Minister urges FBCCI to help rein in price hikes

Minister urges FBCCI to help rein in price hikes

FE REPORT 2022-02-06 09:42:21

Information and broadcasting minister Dr Hasan Mahmud urges the country's apex trade body to help check the price spiral of commodities in the interests of the people on limited incomes. Lauding the...

Construction companies, raw material producers to meet every three months

Construction companies, raw material producers to meet every three months

-- 2022-02-05 22:47:39

Construction companies and raw material producers will meet every three months to maintain stability in the construction sector. Due to the hike in the prices of scrap and chemicals, the main raw mat...

Import policy fails to decrease gold smuggling, says NBR Chairman

Import policy fails to decrease gold smuggling, says NBR Chairman

-- 2022-02-05 21:20:12

NBR Chairman Abu Hena Rahmatul Muneem said on Saturday that smuggling of gold has not decreased despite allowing its import legally The head of the National Board of Revenue (NBR) came up with the st...

Bangladesh to directly ship garment exports to Europe

Bangladesh to directly ship garment exports to Europe

-- 2022-02-05 12:30:12

Container ship Songa Cheetah is set to arrive at Chattogram port on Saturday and leave for Italy’s Porto di Ravenna on Monday on the first direct commercial freight trip from Bangladesh to Europ...

Nagad offers 20 per cent cashback in Nagad-Rokomari Online Book Fair

Nagad offers 20 per cent cashback in Nagad-Rokomari Online Book Fair

FE ONLINE DESK 2022-02-05 12:23:36

Book buyers can avail up to 20 per cent cashback in the event of ordering books from Nagad-Rokomari Online Book Fair 2022 using its payment gateway. Started on Thursday, the fair will continue until F...

Foreign investment flowing into e-learning system

Foreign investment flowing into e-learning system

Saif Uddin 2022-02-05 09:31:42

Bangladesh's digital education ventures, especially pivoted by EdTech startups, are expanding fast in the emerging new normal with foreign fund infusions, sources say. A phenomenal development is...

Oil hits fresh seven-year highs

Oil hits fresh seven-year highs

FE ONLINE DESK 2022-02-05 09:26:49

Oil prices surged to seven-year highs on Friday, extending their rally into a seventh week on ongoing worries about supply disruptions fueled by frigid U.S. weather and ongoing political turmoil among...

Dhaka air-cargo hustle eases

Dhaka air-cargo hustle eases

SYFUL ISLAM 2022-02-05 08:47:50

The hustle and bustle of Dhaka air-cargo shipment now eases with demand for faster transport tumbling over 50 per cent as winter peak is now well over. As such, airfreight rates from Bangladesh to va...

India's state-run coal giant plans bulk exports to Bangladesh for first time

India's state-run coal giant plans bulk exports to Bangladesh for first time

-- 2022-02-04 14:52:18

Coal India Ltd, the world's largest coal miner, plans to directly export output to neighbouring countries, according to sources and documents seen by Reuters, after decades of exclusively supplying do...

Amazon hikes Prime membership fees as wages, costs rise

Amazon hikes Prime membership fees as wages, costs rise

FE ONLINE DESK 2022-02-04 12:12:43

Amazon.com Inc on Thursday said it was raising the price of its annual U. Prime subscriptions by 17 per cent, as it looks to offset higher costs for shipping and wages that it expects to persist this...

Chinese firms warned against helping Russia against potential Ukraine sanctions

Chinese firms warned against helping Russia against potential Ukraine sanctions

-- 2022-02-04 11:33:32

The United States warned Chinese firms on Thursday they would face consequences if they sought to evade any export controls imposed on Moscow in the event of Russia invading Ukraine, Reuters reports....

Facebook usage dips for first time

Facebook usage dips for first time

-- 2022-02-04 11:26:05

TikTok, the pandemic and mobile data costs in India all helped draw people away from Facebook at an unprecedented rate last quarter. The big question is when will it be Instagram's turn?, Reuters repo...

Vegetable prices rise

Vegetable prices rise

FE REPORT 2022-02-04 11:14:01

Vegetable prices shot up last week, upsetting the commoners who are already battered by the spiralling cost of commodities like rice, edible oil, fish, meat, egg, lentil and sugar. Cauliflower, cab...

FBCCI body seeks government help to regain consumers' trust in e-commerce

FBCCI body seeks government help to regain consumers' trust in e-commerce

FE REPORT 2022-02-04 11:10:53

The country's apex trade body has urged the government to take necessary measures, including setting up a special complaint cell, to help regain the consumers' confidence in the e-commerce business....

Bangladesh Bank issues PSO licence to Walletmix

Bangladesh Bank issues PSO licence to Walletmix

FE REPORT 2022-02-04 10:53:08

The Bangladesh Bank (BB) issued payment system operator (PSO) licence to Walletmix Limited on Wednesday to provide merchant aggregator services in the country, said a circular of the central bank. Th...

Ispahani potato seeds help farmers recoup losses

Ispahani potato seeds help farmers recoup losses

FE REPORT 2022-02-04 10:50:07

The potato farmers in Jhenaidah has harvested a good yield by using the seeds of the Ispahani Agro Limited despite the recent adverse weather condition. Seven thousand farmers in the greater Jashore...

Fisheries Deptt, USDA to promote fish trade

Fisheries Deptt, USDA to promote fish trade

FE REPORT 2022-02-04 10:42:51

The Department of Fisheries and the United States Department of Agriculture (USDA)-funded Bangladesh Trade Facilitation Project joined hands for boosting trade in fish and fishery products. To this e...

RAK Ceramic’s net profit jumps 191pc in 2021

RAK Ceramic’s net profit jumps 191pc in 2021

FE REPORT 2022-02-04 10:40:03

RAK Ceramics (Bangladesh) has posted an impressive 191 per cent increase in its net profit year-on-year in 2021, riding on what the company says is a "responsive business strategy" taken by the manage...

French brewers use algae to make blue beer

French brewers use algae to make blue beer

-- 2022-02-04 09:58:17

The blue tint comes from spirulina, an algae that is grown in basins by a company called Etika Spirulina in northern France. The component of the spirulina that gives the blue colour, called phycocyan...