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The Financial Express

Search results for: Trade

Commerce ministry works to identify syndicates behind price hike

Commerce ministry works to identify syndicates behind price hike

-- 2022-01-09 20:43:49

Essential commodities monitoring cell and Bangladesh Competition Commission (BCC) are working to identify illegal syndicates and hoarders for breaking the trap of price hike of the essentials by rumou...

Multiple audits are waste of time and money, says BGMEA

Multiple audits are waste of time and money, says BGMEA

-- 2022-01-09 18:03:40

Multiple audits are not only waste of time and money, but it also creates audit fatigue making compliance difficult for enterprises, according to BGMEA, the apex body of the apparel industry. This ha...

Tomato, brinjal and cauliflower prices go up

Tomato, brinjal and cauliflower prices go up

FE ONLINE REPORT 2022-01-09 15:39:31

Prices of tomato, brinjals, and cauliflower went up in Dhaka city’s kitchen markets on Sunday, adding to common people's woes. However, prices of broiler chicken, layer chicken, red eggs, and P...

TCB receives state guarantees to procure essentials for subsidised sales

TCB receives state guarantees to procure essentials for subsidised sales

FE REPORT 2022-01-09 10:33:26

The government has issued four state guarantees to the Trading Corporation of Bangladesh (TCB) to help it procure some key essentials like edible oil, sugar and lentil. The guarantees will be effecti...

TIB blasts central bank consent allowing Padma Bank to conceal losses

TIB blasts central bank consent allowing Padma Bank to conceal losses

FE REPORT 2022-01-09 10:23:11

Transparency International Bangladesh (TIB) on Saturday expressed its deep concern as the central bank of Bangladesh has provided unethical facility to scam-hit Padma Bank while preparing its financia...

Cox's Bazar tourism faces Tk 500m loss in 3 months

Cox's Bazar tourism faces Tk 500m loss in 3 months

OUR CORRESPONDENT, COX'S BAZAR 2022-01-09 10:05:27

The tourism business in Cox's Bazar has incurred a loss of Tk half a billion in the past three months due to the non-achievement of targets. From October to December, the tourism sector expected a bu...

Land services to get better with app launch: Ministry

Land services to get better with app launch: Ministry

FHM HUMAYAN KABIR 2022-01-09 09:11:53

The public land services are expected to get much better with the online application launched last week. It would allow the landowners to get the record of rights (RoR) and map through the apps, of...

Businesses for setting hard terms in income tax law in phases

Businesses for setting hard terms in income tax law in phases

DOULOT AKTER MALA 2022-01-09 09:07:11

The draft new income-tax law is likely to ban cash transaction in some major areas like payment of salary and house rent after its implementation. But businesses suggest slapping the ban in phases....

RMG exports to US rise 30.68pc in 11 months

RMG exports to US rise 30.68pc in 11 months

MONIRA MUNNI 2022-01-09 08:44:48

The country's apparel exports to its single largest destination -- the United States -- stood at US$6.36 billion during the first eleven months (January to November) of 2021. The earnings were 30.68...

Bay of Bengal hydrocarbon reserve mapping hobbles

Bay of Bengal hydrocarbon reserve mapping hobbles

M AZIZUR RAHMAN 2022-01-09 08:39:54

A much-need seismic survey to assess hydrocarbon deposits in the Bay of Bengal hobbles seemingly for the contractor's apathy, thus delaying exploration and extraction of potential fuels. A Norwegia...

World food prices jump 28pc, highest level in a decade, last year

World food prices jump 28pc, highest level in a decade, last year

-- 2022-01-08 21:42:45

World food prices jumped 28 per cent in 2021 to their highest level in a decade and hopes for a return to more stable market conditions this year are slim, the UN's food agency said recently. The Foo...

Tim Cook earned over 1,400 times the average Apple worker in 2021

Tim Cook earned over 1,400 times the average Apple worker in 2021

-- 2022-01-08 17:00:44

Apple Inc boss Tim Cook's pay in 2021 was 1,447 times that of the average employee at the tech giant, a filing on Thursday showed, fueled by stock awards that helped him earn a total of nearly $100 mi...

Secondary trading of treasury bills, bonds jumps by 62 pc in 2021

Secondary trading of treasury bills, bonds jumps by 62 pc in 2021

FE ONLINE REPORT 2022-01-08 14:20:24

Secondary transaction of the government’s fixed income tradable securities increased by around 62 per cent in the past calendar year, according to the latest statistics released by the central b...

Bangladesh's medical device market largely depends on imports

Bangladesh's medical device market largely depends on imports

Saif Uddin 2022-01-08 10:41:54

Despite having enormous potential for local manufacturing, the country's medical device market is heavily dependent on imports, insiders have said. Local manufacturing of such healthcare items could...

Pran-RFL to set up new industrial plants, offbeat RMG factory soon

Pran-RFL to set up new industrial plants, offbeat RMG factory soon

SM JAHANGIR 2022-01-08 10:25:18

COX'S BAZAR: A household name in Bangladesh and beyond with a slew of consumer goods, PRAN-RFL group now unveils a massive Tk 17-billion investment plan to strengthen further its foothold on the cor...

FBCCI wants waiver from tax at source on ship business

FBCCI wants waiver from tax at source on ship business

FE REPORT 2022-01-08 10:20:55

The apex trade body recommends removing roadblocks like withdrawal of tax at source and advance income tax (AIT) from the local ocean-going ship business to promote the sector. It also suggests ens...

No jab, no job: Citigroup to fire unvaccinated employees in US

No jab, no job: Citigroup to fire unvaccinated employees in US

-- 2022-01-08 09:52:35

Citigroup Inc staff in the United States who have not been vaccinated against Covid-19 by January 14 will be placed on unpaid leave and fired at the end of the month unless they are granted an exempti...

Ministries seek lower foreign aid, failing to implement project

Ministries seek lower foreign aid, failing to implement project

FHM HUMAYAN KABIR 2022-01-08 08:57:19

Many government ministries have sought lower foreign assistance than what is allocated in the development budget as they failed to complete the target project work in the first half of this fiscal. M...

Bangladesh govt to give licences for private satellites

Bangladesh govt to give licences for private satellites

ISMAIL HOSSAIN 2022-01-08 08:51:11

The government has decided to award licences for operating private satellites after launching a state-owned satellite in 2018. The Bangladesh Teleco-mmunication Regulatory Commission (BTRC) approved...

Wheat production fall raises food security concerns

Wheat production fall raises food security concerns

YASIR WARDAD 2022-01-08 08:39:51

Production of wheat, Bangladesh's second staple, has declined about 20 per cent while its demand ballooned over 100 per cent, ballooning import expenses and food-security concerns. The gaping imbalan...

NESCO bills can be paid through IBBL

NESCO bills can be paid through IBBL

-- 2022-01-07 20:03:57

Customers of Northern Electricity Supply Company Limited (NESCO) will now be able to pay their bills through Islami Bank Bangladesh Limited (IBBL). A memorandum of understanding (MoU) was exchanged T...

Broiler chickens, lentils become costlier at weekend

Broiler chickens, lentils become costlier at weekend

FE ONLINE REPORT 2022-01-07 14:32:17

Broiler chickens, and both local and imported varieties of lentils have become costlier in Dhaka city’s kitchen markets, adding woes to common people. Prices of red eggs, and Pakistani and Sona...

Sales of edible oil in bottles by March may lead to volatility: Association

Sales of edible oil in bottles by March may lead to volatility: Association

REZAUL KARIM 2022-01-07 12:50:48

The government move to implement marketing of both palm and soybean oil in bottles by March next can lead to volatility in the market, edible oil refiners feared. To avoid the possible and unexpect...

BRAC Bank TARA in association with BRAC EPL Stock Brokerage arranges webinar ‘Grow Your Money’   

BRAC Bank TARA in association with BRAC EPL Stock Brokerage arranges webinar ‘Grow Your Money’  

FE ONLINE DESK 2022-01-07 12:46:54

BRAC Bank TARA in association with BRAC EPL Stock Brokerage Ltd has recently arranged a webinar titled “Grow Your Money” to facilitate women’s financial independence and investment a...

Sales of foreign digital items allowed subject to valid procurement

Sales of foreign digital items allowed subject to valid procurement

FE REPORT 2022-01-07 09:35:01

The sales of foreign digital items through local e-commerce platforms are allowed if such items were procured from abroad through following legal procedure. The central bank clarified it in a circu...

Metro rail commercial trial run likely in next September

Metro rail commercial trial run likely in next September

MUNIMA SULTANA 2022-01-07 09:30:23

The commercial trial run of the city's first metro rail is expected to start in September this year. Required train sets and tracks also are expected to be ready by then, sources said, but getting...

Covid fallout creates labour shortage in RMG sector

Covid fallout creates labour shortage in RMG sector

MONIRA MUNNI 2022-01-07 08:58:49

Apparel industry is gasping for sufficient workers to operate at full capacity and grab work orders pouring in here in recent months, according to industry people. They attribute this dearth of wor...

Apex trade body suggests upscaling Chittagong seaport for trade expansion

Apex trade body suggests upscaling Chittagong seaport for trade expansion

FE REPORT 2022-01-07 08:53:10

Bangladesh's apex chamber wants capacity building of Chittagong seaport and faster cargo transport to cope with potential trade expansion and draw more foreign investors in the country. The Federat...

20 civil servants to travel abroad for widening 67-km road

20 civil servants to travel abroad for widening 67-km road

FHM HUMAYAN KABIR 2022-01-07 08:45:05

Some 20 civil servants are set to go for overseas training to gather knowledge on road reconstruction to implement a Roads and Highways Department (RHD) project, insiders said Thursday. The state-o...

Central bank's support for export trade extended

Central bank's support for export trade extended

SIDDIQUE ISLAM 2022-01-07 08:39:01

Bangladesh's export trade will enjoy various policy supports for six more months under a renewal aimed at helping boost country's overall business activities, officials say. The central bank has ex...