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The Financial Express

Search results for: Trade

Nagad leads digitisation of country’s financial services

Nagad leads digitisation of country’s financial services

-- 2021-12-20 15:40:22

A physically challenged college student, Kusum Khatun, is very happy as she need not walk miles for withdrawing her disability allowance, thanks to the state-run mobile financial service (MFS) Nagad....

Franchise bus rolls on December 26

Franchise bus rolls on December 26

FE REPORT 2021-12-20 10:58:30

Much-vaunted single-company bus service finally kick-starts on Ghatarchar-Katchpur route in Dhaka on 26 although the piloting still faces challenges to meet compliance with bus-route-franchise (BRF)...

Rise in building material prices causes worries as REHAB fair kicks off

Rise in building material prices causes worries as REHAB fair kicks off

FE REPORT 2021-12-20 10:15:47

The country's realtors on Sunday expressed concern over the recent price hike of the key construction materials, which could result in an unusual hike in apartment cost. They also said the implemen...

Maximum wastage rate for RMG raw materials raised to 30pc

Maximum wastage rate for RMG raw materials raised to 30pc

MONIRA MUNNI 2021-12-20 09:20:18

The government on Sunday revised the maximum wastage rates upwards for raw materials used in producing readymade garments (RMG) amid opposition from the stakeholders. The commerce ministry enhanced...

One bond licence for many units of leather, footwear exporters allowed

One bond licence for many units of leather, footwear exporters allowed

FE REPORT 2021-12-20 08:52:18

The customs authority has allowed fully export-oriented leather and footwear exporters to enjoy the bonded-warehouse facility for their multiple production units under a company, obtaining one bond...

Cartels put Bangladesh's public health in jeopardy

Cartels put Bangladesh's public health in jeopardy

JUBAIR HASAN 2021-12-20 08:42:26

Public health faces hazards for unholy drug cartels of some manufacturers of substandard medicines and mushrooming unregulated drugstores, though Bangladesh can boast of world-standard pharmaceutica...

Walton launches e-commerce platform Walcart

Walton launches e-commerce platform Walcart

-- 2021-12-19 19:57:54

Aiming to bring a positive change in Bangladesh’s e-commerce sector, country's leading electronics and technology products manufacturer Walton has launched its e-commerce platform Walcart Limite...

Dutch-Bangla Bank opens 220th branch at Uttara

Dutch-Bangla Bank opens 220th branch at Uttara

-- 2021-12-19 18:55:00

Dutch-Bangla Bank opened its 220th branch at Rabindra Sarani, Uttara, Dhaka on Sunday. Abul Kashem Md Shirin, managing director and CEO of the bank, formally inaugurated the branch, says a press rele...

Bangladesh owns lowest ATMs among six South Asian nations

Bangladesh owns lowest ATMs among six South Asian nations

FE REPORT 2021-12-19 09:36:24

The number of ATM booths in Bangladesh is the lowest among six South Asian countries, excepting Afghan-istan, according to a survey conducted by the IMF. An automated teller machine (ATM) is an elect...

BTMA want oversight body to look into yarn imports through land ports

BTMA want oversight body to look into yarn imports through land ports

MONIRA MUNNI 2021-12-19 09:33:50

Bangladesh Textile Mills Association (BTMA) has suggested formation of a permanent monitoring committee to look into yarn import through three land ports -- Benapole, Bhomra and Sonamasjid. The spinn...

Private investment may be allowed in air-cargo handling,  policy drafted

Private investment may be allowed in air-cargo handling, policy drafted

DOULOT AKTER MALA 2021-12-19 09:28:49

Bangladesh's air-cargo handling is opening for private investment as the government has drafted maiden policy on its privatisation amid an upturn in the country's global air-route trade, sources say....

International oil companies allowed to enjoy VAT waiver again

International oil companies allowed to enjoy VAT waiver again

FE REPORT 2021-12-19 09:21:44

The international oil companies (IOCs) operating in Bangladesh are again granted VAT waiver as the government revives the fiscal incentive two and a half years after the scrapping of the provision. T...

Supply crunch, price hike of non-urea fertilisers hit farmers hard

Supply crunch, price hike of non-urea fertilisers hit farmers hard

-- 2021-12-18 11:51:25

Despite ample stock and warnings from the government, dealers and retailers have hiked the prices of three types of non-urea fertilisers citing a supply crunch. In some districts, including Jhenaidah...

Biman seeks advance import permit of Tk 11b

Biman seeks advance import permit of Tk 11b

FE REPORT 2021-12-18 09:32:17

The Biman Bangladesh Airlines has sought issuance of an advance import permit (IP) worth Tk 11 billion with an eye to importing machinery for its transport aircraft. Officials concerned say the natio...

BTRC to declare Edotco as SMP soon

BTRC to declare Edotco as SMP soon

FE REPORT 2021-12-18 09:25:01

The Bangladesh Teleco-mmunication Regulatory Commission (BTRC) is going to declare mobile tower company Edotco Bangladesh as a significant market power (SMP) soon. To this end, the telecoms regulator...

Realtors in a fix as building material prices on rise

Realtors in a fix as building material prices on rise

Saif Uddin 2021-12-18 09:19:21

Prices of key construction materials like MS rod, brick and sand have shot up significantly in the country due to increase in cost of raw materials, higher demand and rise in operational expenditure...

$49.65b siphoned off from Bangladesh in six years: GFI

$49.65b siphoned off from Bangladesh in six years: GFI

FE REPORT 2021-12-18 09:15:27

Over US$49.65 billion has gone out of Bangladesh through trade-based illicit financial flows (IFFs) only in six years, according to an international watchdog's findings on the money laundering between...

British ViraCorp joins Incepta

British ViraCorp joins Incepta

FE REPORT 2021-12-18 09:11:59

A British biomedical firm, ViraCorp, has joined with leading local pharmaceutical company Incepta to develop a unique and needle-free COVID-19 vaccine, according to a press release. ViraCorp's new va...

Bangladesh's biscuit industry grows fast

Bangladesh's biscuit industry grows fast

YASIR WARDAD 2021-12-18 09:07:00

The local biscuit industry is growing fast riding on surging demand for diverse-packet snacks among the thriving middle-income group of consumers. The local manufacturers now produce items worth more...

Exporters look to break inland container depots' 'monopoly'

Exporters look to break inland container depots' 'monopoly'

SYFUL ISLAM 2021-12-18 09:03:15

Exporters move for alternative options to break "cartel" of the owners of inland container depots (ICDs) which handle most of Bangladesh's outbound cargoes, as the latter raise charges "unilaterally"...

Boeing wants to build its next aeroplane in the 'metaverse'

Boeing wants to build its next aeroplane in the 'metaverse'

-- 2021-12-17 15:57:20

In Boeing Co's factory of the future, immersive 3-D engineering designs will be twinned with robots that speak to each other, while mechanics around the world will be linked by $3,500 HoloLens headset...

US places more Chinese companies on export blacklist

US places more Chinese companies on export blacklist

-- 2021-12-16 22:01:23

The US Commerce Department hit several Chinese companies with export restrictions on Thursday, citing national security reasons including what Washington says is their role in the oppression of China'...

Reddit files to go public

Reddit files to go public

-- 2021-12-16 14:52:01

Reddit Inc, known for its message boards that became the go-to destination for day traders during this year's meme stock frenzy, said on Wednesday it had confidentially filed for an initial public off...

Daraz warned over 11:11 campaign

Daraz warned over 11:11 campaign

FE REPORT 2021-12-16 11:48:49

The commerce ministry has warned the online marketplace Daraz Bangladesh, a concern of Alibaba Group, for its 11:11 ('Eleven Eleven') campaign, officials said. It has asked the country's largest on...

IBCCI calls for faster certification, private ICD

IBCCI calls for faster certification, private ICD

FE REPORT 2021-12-16 10:19:33

A trade body identifies challenges like long delays during shipment of Bangladeshi products to India at Benapole-Petrapole land port mainly due to the prevailing single-road facility. The India-Ban...

Saiful Islam elected new MCCI president

Saiful Islam elected new MCCI president

FE REPORT 2021-12-16 09:13:20

Md. Saiful Islam, managing director of Picard Bangladesh Limited, has been elected as the president of the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) for the year 2022. The new boa...

Central bank asks for refunding e-com clients’ money

Central bank asks for refunding e-com clients’ money

FE REPORT 2021-12-16 08:46:40

The Bangladesh Bank (BB) asked some payment service providers on Wednesday to refund money to customers of the digital commerce companies, which have no cases pending. The directive came following...

Emerging Asia’s LNG-to-power project pipeline threatens macroeconomic and financial stability

Emerging Asia’s LNG-to-power project pipeline threatens macroeconomic and financial stability

FE ONLINE DESK 2021-12-15 14:28:44

The liquefied natural gas (LNG) industry has framed LNG as a cheap, reliable “bridge fuel” to help countries reduce coal consumption and transition to cleaner renewable energy. For many p...

Bangladesh-Nepal PTA in final stage

Bangladesh-Nepal PTA in final stage

FE REPORT 2021-12-15 09:47:59

Signing of a Preferential Trade Agreement (PTA) between Bangladesh and Nepal is in the final stage, as it is awaiting final nod from the Nepalese side, said Commerce Secretary Tapan Kanti Ghosh on Tue...

Chinese investment in Bangladesh not a cause for concern for India, says Shahriar Alam

Chinese investment in Bangladesh not a cause for concern for India, says Shahriar Alam

FE REPORT 2021-12-15 09:29:00

Chinese investments in Bangladesh should not be a matter of concern for India, said Bangladesh's State Minister for Foreign Affairs Mohammed Shahriar Alam. He also said the bilateral relations betwee...