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The Financial Express

Search results for: Trade

Vegetable, flour, edible oil prices become dearer again

Vegetable, flour, edible oil prices become dearer again

FE REPORT 2021-11-13 10:04:59

Vegetable, wheat flour and loose edible oil prices witnessed a fresh hike last week, further intensifying sufferings of the commoners. Price of brinjal went up to Tk 70-90 a kg from Tk 55-70 a kg a w...

Bangladesh's lone irradiation centre soon for agribusiness

Bangladesh's lone irradiation centre soon for agribusiness

JASIM UDDIN HAROON Back from BINA, MYMENSINGH 2021-11-13 10:01:25

Bangladesh's lone nuclear agriculture agency is setting up a maiden irradiation centre for fresh fruits and vegetables to prevent spoilage and insect infestations that cost the country minimum Tk 20...

Tea auction centre to be set up in Panchagarh

Tea auction centre to be set up in Panchagarh

FE REPORT 2021-11-13 09:58:59

A top-level move has been made to set up a new tea-auction centre in Panchagarh to ensure profitable trade in the widely consumed drink, which now grows in plenty in northern plains, officials said....

Scam-hit Destiny tries to resume operations

Scam-hit Destiny tries to resume operations

REZAUL KARIM 2021-11-13 09:57:41

Scam-tainted multi-level marketing (MLM) company Destiny 2000 Ltd has sought approval to operate its business again, aiming to protect the interests of 4.5 million families. Chief Executive Officer...

Saudi company seeks to invest in Patenga terminal

Saudi company seeks to invest in Patenga terminal

SYFUL ISLAM 2021-11-13 09:47:31

Saudi Arabian port developer Red Sea Gateway Terminal (RSGT) has intensified efforts to mark its footprint in Bangladesh's port sector by investing in under-construction Patenga Container Terminal (PC...

Tata Projects gets $120m order for power transmission project in Bangladesh

Tata Projects gets $120m order for power transmission project in Bangladesh

-- 2021-11-12 19:10:02

Tata Projects Limited, an Indian infrastructure company, has received an order for a 400kV double circuit transmission line project valued at around $120 million (around ₹900 crores) from the Power Gr...

J&J plans to split into two companies

J&J plans to split into two companies

-- 2021-11-12 19:02:48

Johnson & Johnson said on Friday it is planning to break up into two companies, splitting off its consumer health division that sells Band-Aids and Baby Powder from its large pharmaceuticals uni...

343,824 motorised vehicles registered in Jan-Oct

343,824 motorised vehicles registered in Jan-Oct

FE ONLINE REPORT 2021-11-12 13:19:25

A total of 343,824 motorised vehicles were registered across the country in the first ten months of the current calendar year, as per official data. Of the total, 119,780 motorised vehicles were regi...

CMAs want to get involved in development projects

CMAs want to get involved in development projects

FE REPORT 2021-11-12 12:16:14

Cost and management professionals have called for involving them with the development activities in the country to make the projects more cost-effective and purposeful. They also stressed the need fo...

Beauty parlour workers paid poorly: Study

Beauty parlour workers paid poorly: Study

-- 2021-11-12 11:33:22

Beauty-parlour workers are among the poorly paid labourers in the country who have to work for more than 10 hours a day without any overtime salary, according to a study. It said a beauty-parlour wor...

No inland container depot within 20km of port: Draft policy

No inland container depot within 20km of port: Draft policy

DOULOT AKTER MALA 2021-11-12 08:42:17

Establishing off-docks would now require following a slew of guidelines under a new policy made to discipline trade cargo handling at Bangladesh seaports by private container-depot operators. Offic...

Bangladesh Bank opens new financing window for 'no-frills'

Bangladesh Bank opens new financing window for 'no-frills'

FE REPORT 2021-11-12 08:26:37

The central bank decides to introduce a new and unique component under an existing credit-guarantee scheme (CGS) for banks to lend to the minnows, nicknamed 'no-frills' accountholders, as per govern...

Danish embassy holds exhibition on commercially viable green solutions

Danish embassy holds exhibition on commercially viable green solutions

-- 2021-11-11 19:46:25

Over the past four decades, Denmark has managed to grow its economy while lowering CO2 emissions and resource consumption – proving that it is possible to have a green economy that also creates...

Maldives high commissioner visits UCEP Bangladesh

Maldives high commissioner visits UCEP Bangladesh

-- 2021-11-11 17:38:53

The High Commissioner of the Republic of Maldives to Bangladesh Her Excellency Shiruzimath Sameer paid a courtesy visit to UCEP Bangladesh in Mirpur yesterday. UCEP Chairperson Parveen Mahmud and oth...

Runway offers unlimited BBQ every Friday in Dhaka

Runway offers unlimited BBQ every Friday in Dhaka

-- 2021-11-11 17:15:06

Best Western Plus Maya brings an extravagant BBQ experience at Runway, the only rooftop sky garden restaurant with a bird’s eye view of the capital. It offers an unlimited B1G1 BBQ with a wide...

Prices of daily essentials yet to drop

Prices of daily essentials yet to drop

FE ONLINE REPORT 2021-11-11 15:42:48

Prices of almost all daily essentials, including vegetables and onion, have remained the same, especially in the capital’s kitchen markets on Thursday, with no letup in fixed-income people&rsquo...

Retailers lose love for Asia: Snarled supply chains force exodus to Balkans, LatAm

Retailers lose love for Asia: Snarled supply chains force exodus to Balkans, LatAm

-- 2021-11-11 15:13:44

Major clothing and shoe companies are moving production to countries closer to their US and European stores, smarting from a resurgence in cases of the Delta variant of the coronavirus in Vietnam and...

Banks asked to submit non-resident cos' VAT details to customs

Banks asked to submit non-resident cos' VAT details to customs

FE REPORT 2021-11-11 10:29:54

The central bank has asked the authorised dealer (AD) banks to submit VAT details of the non-resident service providers, including Google, Facebook and Amazon, to the customs office instead of the VAT...

Flour jumps in price in Bangladesh

Flour jumps in price in Bangladesh

YASIR WARDAD 2021-11-11 08:27:16

Wheat flour prices have increased notably this month, augmenting commoners' woes further as many of them rely on the commodity following higher prices of rice. Most of the flour mills have raised mai...

WB to unveil replacement for 'Doing Business' report in two years

WB to unveil replacement for 'Doing Business' report in two years

-- 2021-11-10 20:50:11

The World Bank plans to unveil in about two years a replacement for its flagship 'Doing Business' report on countries' business climate, that was cancelled after a data-rigging scandal, the bank's chi...

4.0pc subsidy on exporting bicycle, cement sheet, MS steel

4.0pc subsidy on exporting bicycle, cement sheet, MS steel

-- 2021-11-10 20:00:15

Bangladesh Bank has announced a 4.0 per cent cash subsidy on exporting cement sheets, bicycles and their parts, MS steel and tea to encourage exporters. The exporters of the specialised zone (BEZA, B...

Bangladesh’s real estate sector sees strong rebound

Bangladesh’s real estate sector sees strong rebound

-- 2021-11-10 19:02:06

In the last two years, the Covid-19 pandemic caused a global financial crisis, especially in developing countries like Bangladesh. While the RMG sector and several other industries kept the country&rs...

Finance minister terms fuel oil price-hike logical

Finance minister terms fuel oil price-hike logical

FE ONLINE REPORT 2021-11-10 15:44:22

Finance Minister AHM Mustafa Kamal found fuel oil price hike rational for continuation of the country's development works. “It is totally logical,” the minister told newsmen after a virtu...

CPD urges govt to reinstate previous prices of diesel and kerosene

CPD urges govt to reinstate previous prices of diesel and kerosene

FE ONLINE REPORT 2021-11-10 13:17:26

In view of recovery from the adverse impacts of the pandemic, stability of fuel price is critically important as it is a ‘strategic’ commodity in nature. In this connection, Centre for P...

Special committee to submit recommendations for e-commerce sector

Special committee to submit recommendations for e-commerce sector

FE REPORT 2021-11-10 08:35:55

The special committee on e-commerce is set to submit its recommendations, including issuing a unique business identification number (UBIN), and introducing a central complaints management system (CC...

WTO ministerial meeting in Geneva to plan pandemic remedies

WTO ministerial meeting in Geneva to plan pandemic remedies

SYFUL ISLAM 2021-11-10 08:31:37

Trade ministers in Geneva later this month will prepare a work plan on pandemic remedies like enhanced preparedness, response, and resilience to help members of the World Trade Organisations (WTO) o...

Inland container depots raise container handling charges 23pc, following fuel price-hike

Inland container depots raise container handling charges 23pc, following fuel price-hike

DOULOT AKTER MALA 2021-11-10 08:21:37

Owners of private inland container depots have raised the container-handling charges by 23 per cent following the hike in diesel price and other costs associated with managing the export-import carg...

DBL Pharmaceuticals Limited starts journey

DBL Pharmaceuticals Limited starts journey

FE ONLINE DESK 2021-11-09 20:52:36

DBL Group, country’s one of the top business conglomerates, has started their journey in the pharmaceutical industry after their success in export based readymade garment products and ceramic ti...

Telenor sale of Myanmar unit stalls as junta seeks local buyer participation

Telenor sale of Myanmar unit stalls as junta seeks local buyer participation

-- 2021-11-09 17:28:16

Plans by Norway's Telenor to withdraw from Myanmar by selling its telecom operations there to a Lebanese firm have stalled after the junta indicated it favoured at least part-ownership by a local comp...

How to get unique business ID numbers for e-commerce firms

How to get unique business ID numbers for e-commerce firms

-- 2021-11-09 17:12:13

It is becoming mandatory for e-commerce firms to obtain unique business identification numbers in order to operate in Bangladesh. A system is being put in place to ease the process of registration th...