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The Financial Express

Search results for: Trade

Chinese company pulls out of pre-feasibility study on proposed Jamuna tunnel

Chinese company pulls out of pre-feasibility study on proposed Jamuna tunnel

MIR MOSTAFIZUR RAHAMAN 2021-12-24 09:17:29

China Railway Design Corporation has withdrawn from the job of conducting a pre-feasibility study on a proposed Jamuna tunnel project, competent sources said. Selected for the job early this year, th...

Shipping Corporation earns net profit of Tk 720m in FY 2020-21

Shipping Corporation earns net profit of Tk 720m in FY 2020-21

-- 2021-12-23 20:56:10

Bangladesh Shipping Corporation (BSC), a state-owned, autonomous corporation in the country, has earned net profit of Tk 720.30 million in 2020-21 fiscal which is Tk 305.60 million more than the previ...

Classical Hometex hid Tk 1.41b sale to dodge VAT

Classical Hometex hid Tk 1.41b sale to dodge VAT

-- 2021-12-23 20:56:09

Classical Hometex, a home textile company based in Dhaka’s Islampur, concealed data on nearly Tk 1.41 billion in sales to evade Value Added Tax (VAT), according to the authorities. Acting on a...

Muhammad Ayub elected president of Bangladesh Cotton Association

Muhammad Ayub elected president of Bangladesh Cotton Association

-- 2021-12-23 17:36:30

Muhammad Ayub has been elected president of the Bangladesh Cotton Association (BCA) for the term 2021-2023. The members of the newly formed Board of Directors unanimously elected him in the presence...

Newly harvested onion prices come down

Newly harvested onion prices come down

FE ONLINE REPORT 2021-12-23 15:00:22

Prices of newly harvested local onions witnessed a decline in Dhaka city’s kitchen markets on Thursday, while prices of almost all essentials remained steady. The price decline was at Tk 2.0 pe...

Hydraulic survey of Karnaphuli to resume in January

Hydraulic survey of Karnaphuli to resume in January

OUR CORRESPONDENT 2021-12-23 10:06:54

CHATTOGRAM: The hydraulic survey of Karnaphuli River will be completed in April next as Chittagong Port Authority (CPA) approved an appeal by surveyors seeking four more months to complete the project...

GP, Robi, Teletalk fail to meet 4G data speed benchmark in Rajshahi

GP, Robi, Teletalk fail to meet 4G data speed benchmark in Rajshahi

FE REPORT 2021-12-23 09:37:50

A BTRC investigation finds that mobile operators Grameenphone, Robi and state-owned Teletalk have not met the 4G data speed benchmark in Rajshahi division. However, call setup success rate, call drop...

Japan considers funding after China pulls out from Joydebpur-Ishwardi rail project

Japan considers funding after China pulls out from Joydebpur-Ishwardi rail project

MUNIMA SULTANA 2021-12-23 09:27:37

Japan may consider funding the Joydebpur-Ishwardi double-line construction project after China pulled out of the project for developing the country's important rail corridor. Upon request from the Ba...

New shipping line to break cartel at Chittagong port

New shipping line to break cartel at Chittagong port

JASIM UDDIN HAROON 2021-12-23 08:39:20

Amid a chaotic situation prevailing in the shipping business, a new shipping service has been introduced to facilitate the shipment of export and import cargoes between Bangladesh and Europe. RIF Lin...

Bangladesh government plans price rises of power, gas, fertiliser at one go

Bangladesh government plans price rises of power, gas, fertiliser at one go

SIDDIQUE ISLAM and SYFUL ISLAM 2021-12-23 08:33:49

Now the government mulls over an upward adjustment to electricity, gas, and fertiliser prices at one go as a measure to lower state subsidy burden, sources say. On Wednesday, a high-level meeting dis...

Rizwan Rahman to lead DCCI in 2022

Rizwan Rahman to lead DCCI in 2022

-- 2021-12-22 16:48:44

Managing director of ETBL Securities & Exchange Ltd Mr Rizwan Rahman has been re-elected as president of Dhaka Chamber of Commerce & Industry (DCCI), while Arman Haque has been elected as the...

Arif Quadri appointed managing director of UCB

Arif Quadri appointed managing director of UCB

-- 2021-12-22 15:59:58

Prominent banker Arif Quadri has been appointed managing director of United Commercial Bank Limited (UCB). Before assuming his new position, he served UCB as additional managing director, said a pre...

Sony, Zee finalise merger to create mega Indian TV network

Sony, Zee finalise merger to create mega Indian TV network

-- 2021-12-22 15:00:36

Sony's India unit has finalised a deal with local rival Zee Entertainment to merge their television channels, film assets and streaming platforms, joining forces to take on the likes of Netflix and...

McDonald's suffers a French fries shortage in Japan

McDonald's suffers a French fries shortage in Japan

-- 2021-12-22 10:47:54

The world's biggest fast food company McDonald's is suffering a chip shortage in Japan due to the global supply chain crisis. For the home of the Big Mac though it is not a lack of semiconductors...

Bangladesh to fix charge for recruiters of Malaysia-bound workers

Bangladesh to fix charge for recruiters of Malaysia-bound workers

FE Report 2021-12-22 10:22:39

The government will determine the service charge for the recruiters sending workers to Malaysia with an eye to ensuring a rational migration cost. The charge will not be more than three months' pay o...

Ministry seeks information of embattled e-commerce firms

Ministry seeks information of embattled e-commerce firms

FE REPORT 2021-12-22 08:58:08

The commerce ministry has sought from police details about the e-commerce platforms with court cases to facilitate payment of the frozen funds to the affected customers. The decision came at a meetin...

51pc hike in shrimp workers’ wages recommended

51pc hike in shrimp workers’ wages recommended

FE REPORT 2021-12-22 08:49:51

The Minimum Wage Board has finalised its proposal of minimum monthly wages for the country's shrimp sector workers, recommending more than 51 per cent hike. The Ministry of Labour and Employment issu...

Bangladeshi firms score low on social, environmental practices

Bangladeshi firms score low on social, environmental practices

JASIM UDDIN HAROON 2021-12-22 08:37:00

Environmental, social and governance (ESG) practices in Bangladesh's corporate regime remained much poor as the authorities concerned have yet to prepare rules to promote it for a sound run of firms,...

Biman set to fly Manchester again from Dec 25

Biman set to fly Manchester again from Dec 25

-- 2021-12-21 22:02:22

Biman Bangladesh Airlines is set to resume its flights to Manchester on Dec 25 after 21 months of suspension due to the pandemic. The authorities will reopen the services on Biman’s former rout...

Toyota to start car hardware, software update service in Japan

Toyota to start car hardware, software update service in Japan

-- 2021-12-21 21:13:03

Toyota Motor Corp said on Tuesday it will launch a service next year offering customisation and updates for cars as customers increasingly hold on to their vehicles for longer. The service, known as...

US set to become world's biggest LNG exporter in 2022

US set to become world's biggest LNG exporter in 2022

-- 2021-12-21 17:31:51

Global LNG demand has hit record highs each year since 2015, due mostly to surging demand in China and the rest of Asia. Much of that global appetite has been met by steadily rising US LNG exports, wh...

Bangladesh, Thailand ink MoU to enhance maritime connectivity

Bangladesh, Thailand ink MoU to enhance maritime connectivity

-- 2021-12-21 17:30:48

Bangladesh and Thailand have signed a memorandum of understanding (MoU) to facilitate trade by enhancing maritime connectivity between the two countries. Port Authority of Thailand (Ranong Port) and...

Denmark, PPPA sign MoU to enhance green infrastructure cooperation

Denmark, PPPA sign MoU to enhance green infrastructure cooperation

FE ONLINE REPORT 2021-12-21 15:01:20

A MoU between Public Private Partnership Authority (PPPA) of the Prime Minister’s Office and the Embassy of Denmark has set in motion greater Danish and European investment initiatives in Bangla...

Eggs, chickens, imported ginger, garlic get pricier

Eggs, chickens, imported ginger, garlic get pricier

FE ONLINE REPORT 2021-12-21 13:54:06

Some daily essentials like lentils, eggs, Sonali and Pakistani chickens, imported ginger and garlic are getting pricier in the capital’s kitchen markets, augmenting the woes of the country&rsquo...

Aman procurement target hamstrung for higher market prices

Aman procurement target hamstrung for higher market prices

YASIR WARDAD 2021-12-21 10:36:08

The government's foodgrain procurement during Aman season from domestic sources suffers a setback again this year amid an uptrend in the price of the staple in the mainstream market. The Directorate...

NBR to outsource EFD services to private sector

NBR to outsource EFD services to private sector

DOULOT AKTER MALA 2021-12-21 09:28:47

The National Board of Revenue (NBR) has finally decided to outsource the services related with Electronic Fiscal Device (EFD) for retail VAT collection to the private sector to popularise it. The E...

Fintech can cut cost, risk of small loans

Fintech can cut cost, risk of small loans

FE REPORT 2021-12-21 08:53:30

Speakers at a roundtable on Monday said use of fintech could significantly reduce the high cost of small loans. The experts also said fintech can reduce the risk and time in disbursing loans to mic...

Bangladesh government to raise Tk 50b through December 29 Sukuk auction

Bangladesh government to raise Tk 50b through December 29 Sukuk auction

SIDDIQUE ISLAM 2021-12-21 08:31:27

The government will raise Tk 100 billion by issuing two Islamic bonds, the first one worth Tk 50 billion on December 29, to finance public-sector development projects, officials say. One auction is...

Govt to procure 1.6m tonnes of crude oil

Govt to procure 1.6m tonnes of crude oil

-- 2021-12-20 18:40:49

The government has approved separate proposals for procuring some 1.60 million tonnes of crude oil, 1.29 million tonnes of fuel oil, and some 90,000 tonnes of fertilizer to meet the growing demand of...

Problems plague railway interchange points affecting Indo-Bangladesh trade

Problems plague railway interchange points affecting Indo-Bangladesh trade

REZAUL KARIM 2021-12-20 15:45:45

Cross-border trade be-tween Bangladesh and India by railway has long been suffering due to lack of necessary infrastructure facilities, officials said. The Bangladesh Embassy in Kolkata has identif...