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The Financial Express

Search results for: Trade

Tourist zone to change face of Patenga beach

Tourist zone to change face of Patenga beach

NAZIMUDDIN SHYAMOL 2021-12-11 09:49:08

CHATTOGRAM: The Patenga beach area has been declared a tourism zone. The government made an announcement in this regard last month. Following the announcement, a huge development project has been t...

Marine drive expressway project likely from 2022

Marine drive expressway project likely from 2022

MIR MOSTAFIZUR RAHAMAN 2021-12-11 08:36:35

The much-hyped 230-kilometre marine drive expressway work from Sitakunda to Cox's Bazar is likely to start next year on completion of a feasibility study by December, officials have said. Road transp...

US-funded project in action to detect bottlenecks

US-funded project in action to detect bottlenecks

DOULOT AKTER MALA 2021-12-11 08:29:25

A US-funded project undertaken to quicken Bangladesh's agro-product export and import is trying to detect bottlenecks that have been slowing trade clearance from five government agencies. Officials...

Chicken gets pricier,  prices of essentials remain steady

Chicken gets pricier, prices of essentials remain steady

FE ONLINE REPORT 2021-12-10 15:31:08

Prices of broiler, Sonali and Pakistani chicken witnessed a hike in the capital’s kitchen markets on Friday compared to the Thursday’s prices. However, egg price has remained steady while...

Untimely rain upsets onion growers

Untimely rain upsets onion growers

OUR CORRESPONDENT, MAGURA 2021-12-10 10:42:16

The untimely and incessant rain, caused by the low over the Bay of Bengal for two days, has badly affected the onion growers of the district. The farmers fear losing crop yields because of the sudden...

176 to get CIP cards for 2018

176 to get CIP cards for 2018

FE REPORT 2021-12-10 10:25:15

The government will award a total of 176 tradespeople CIP (commercially important person) cards for the year 2018. To this effect, a gazette was published on December 08. Earlier, the commerce minist...

Skill development needed in retail industry

Skill development needed in retail industry

FE REPORT 2021-12-10 10:17:39

Need-based and sector-specific skill development can increase enrolment of the youth, especially women, in the country's retail industry, speakers told a programme on Thursday. They observed that wit...

Piles of lawsuits, taxpayers' antipathy lower receipts

Piles of lawsuits, taxpayers' antipathy lower receipts

FE REPORT 2021-12-10 10:07:04

Ballooning backlog of lawsuits coupled with people's mindset to evade paying taxes appear as key challenges to revenue collection in Bangladesh, says the NBR chief, as they cannot exact huge tax poten...

Local makers now hold 40pc domestic TV market share

Local makers now hold 40pc domestic TV market share

ADNAN HOSSAIN BHUIYAN 2021-12-10 09:28:18

Local television manufacturers and assemblers, now focusing on research and development, have made inroads into the burgeoning domestic market. They expected Bangladesh to grow to a billion-dollar ma...

Onion price jumps over Tk 80 per kg

Onion price jumps over Tk 80 per kg

FE REPORT 2021-12-10 09:16:15

Onion prices again bucked up by Tk 10-20 per kilogram on Thursday, compounding woes of the commoners already battered by price rises of other essentials like rice and edible oils. Local onion price...

Toymaker Lego announces plans to build $1b factory in Vietnam

Toymaker Lego announces plans to build $1b factory in Vietnam

-- 2021-12-09 12:41:52

Lego has announced plans to build a new manufacturing operation in Vietnam to keep up with the growing demand for its products in Asia. The toymaking giant said it will invest more than $...

Alesha seeks security to run business

Alesha seeks security to run business

FE REPORT 2021-12-09 09:51:33

The scam-hit e-commerce portal Alesha Mart has sought adequate security from the government with an eye to running its business smoothly, officials said. On December 02, the crisis-ridden dotcom requ...

SME Fair sees sizable crowd

SME Fair sees sizable crowd

FE REPORT 2021-12-09 09:45:46

The ongoing SME Fair 2021 has started drawing a notable number of visitors, as it is showcasing a wide range of diversified and innovative products as well as services, brought by entrepreneurs from v...

Recruiters want airfares reduction for migrant workers

Recruiters want airfares reduction for migrant workers

FE REPORT 2021-12-09 09:43:30

Manpower recruiters have called for a reduction in airfares for outbound Bangladeshi workers, in order to facilitate sending the workers smoothly to their job destination countries. They also demande...

Bangladesh government readies repayments to cheated e-com clients

Bangladesh government readies repayments to cheated e-com clients

FE REPORT 2021-12-09 09:29:52

The government has started the process of refunding a stuck-up fund of Tk 2.14 billion of e-commerce customers. The fund is now pending with payment gateways since the shop-less trading firms went bu...

Tax exemptions cost 2.28pc of Bangladesh GDP: Revenue board

Tax exemptions cost 2.28pc of Bangladesh GDP: Revenue board

DOULOT AKTER MALA 2021-12-09 08:27:23

Bangladesh counts 2.28 per cent or Tk 578.78 billion in lost Gross Domestic Product (GDP) on offering tax exemptions to various sectors, an analysis finds and suggests periodical updating of the fisca...

Apple inches closer to $3.0 trillion market capitalisation

Apple inches closer to $3.0 trillion market capitalisation

-- 2021-12-08 23:02:27

Apple Inc is within striking distance of a $3.0 trillion market capitalisation, a milestone that would make it as big as the world's fifth-largest economy after Germany, just over a year after breachi...

Apex receives Green Factory Award 2020

Apex receives Green Factory Award 2020

FE ONLINE DESK 2021-12-08 20:57:12

Apex Footwear Limited has received the ‘Green Factory Award 2020’ in recognition of its improved green efforts to protect the environment and contributions to address the impacts of climat...

Bangladesh's ridesharing, online food delivery workers getting a raw deal: Study

Bangladesh's ridesharing, online food delivery workers getting a raw deal: Study

FE ONLINE REPORT 2021-12-08 20:31:42

Ridesharing and online food delivery companies in the country are treating their workers unfairly, including paying them very little money, says a new study. These online platforms failed to ensure a...

BGMEA election: Forum Board gets new panel leader, president

BGMEA election: Forum Board gets new panel leader, president

FE ONLINE REPORT 2021-12-08 18:29:08

Faisal Samad, managing director of Savartex Group and Surma Garments Ltd, has formally been announced as the panel leader of Forum, a panel of the country’s garment makers. The Bangladesh Garme...

Samsung names new CEOs, to merge mobile and consumer electronics units

Samsung names new CEOs, to merge mobile and consumer electronics units

-- 2021-12-08 11:16:05

Samsung Electronics Co Ltd will merge its mobile and consumer electronics divisions, the firm said on Tuesday, naming new co-chief executives in the biggest reshuffle since 2017 to simplify its struct...

Experts suggest virtual market for local RMG

Experts suggest virtual market for local RMG

MONIRA MUNNI 2021-12-08 09:53:30

Local ready-made garment (RMG) industry cannot take the advantages of globally growing virtual fashion market - in absence of required policy support and such digital platform in the country, industry...

Rain ruins 0.14m hectares of Aman

Rain ruins 0.14m hectares of Aman

FE REPORT 2021-12-08 09:47:44

Heavy rain and inundation caused by depression in the Bay damaged standing Aman crops on over 0.14 million hectares of land in Jashore and Barishal agronomical regions in three days, according to offi...

No state stimulus for newspaper industry yet

No state stimulus for newspaper industry yet

FE REPORT 2021-12-08 09:12:30

Despite its substantial contribution, the newspaper industry has not received any fund from the government's bailout package to cushion the Covid-19 fallout, newspaper owners said on Tuesday. Higher...

Alesha Mart seeks Tk 3.0b bailout to resume operation

Alesha Mart seeks Tk 3.0b bailout to resume operation

REZAUL KARIM 2021-12-08 08:59:22

Alesha Mart, a crisis-ridden e-commerce platform, has sought a government bailout package to resume its operation and pay back the customers' money. It requested the government on Sunday last to ar...

Bangladesh's paper industry holds huge export potential

Bangladesh's paper industry holds huge export potential

SAIF UDDIN 2021-12-08 08:56:37

Bangladesh paper industry, which now markets its products in some developed countries even, holds huge potential for boosting export if over half of its dormant production capacity is used to exploi...

Samsung Elec says it will merge mobile and consumer electronics divisions

Samsung Elec says it will merge mobile and consumer electronics divisions

-- 2021-12-07 10:24:45

Samsung Electronics Co Ltd said on Tuesday it will merge its mobile and consumer electronics divisions and named new co-CEOs in its biggest reshuffle since 2017 to simplify its structure and focu...

Chinese property giant Evergrande teetering again, but investors less fearful

Chinese property giant Evergrande teetering again, but investors less fearful

-- 2021-12-07 10:18:28

Just three months after narrowly avoiding collapse, the world's most indebted developer China Evergrande Group is teetering on the brink again and investors are still unclear how much or for how long...

2.7m apparel workers on database

2.7m apparel workers on database

MONIRA MUNNI 2021-12-07 08:57:30

Country's export-oriented readymade garment (RMG) units employ around 2.7 million workers, as per a new survey conducted for digital mapping of the industry, which is far short of around 4.0 million...

Export of plastic products see nearly 30pc rise

Export of plastic products see nearly 30pc rise

-- 2021-12-06 10:51:29

The export of plastic products has witnessed an uptrend as its earnings reached $57.06 million in the first five months (July-November) period of the current fiscal year (FY22), which was also 29.8 pe...