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The Financial Express

Search results for: Trade

Focus on improving market structure of banking sector

Focus on improving market structure of banking sector

FE REPORT 2021-11-03 09:47:46

There is need for improving the market structure of the banking sector to enhance access to formal finances by the cottage, micro and small enterprises (CMSEs). The finding came up in a BIBM-sponsored...

Bangladesh Bank seeks government opinion on Tk 2.14b payback

Bangladesh Bank seeks government opinion on Tk 2.14b payback

REZAUL KARIM 2021-11-03 09:39:04

The central bank of Bangladesh has sought opinion from government authority on payback of over Tk 2.14 billion in e-commerce customers' money stuck up in different payment gateways. "Since the amount...

Tolls for Bangabandhu, Muktarpur bridges hiked by 11-25pc

Tolls for Bangabandhu, Muktarpur bridges hiked by 11-25pc

MUNIMA SULTANA 2021-11-03 09:31:03

Transport users of two major bridges in the country, including Bangabandhu Bridge, will have to pay 11 to 25 per cent higher tolls as the revised rates were announced by the authorities concerned afte...

Shipper Maersk says port delays will stretch into new year

Shipper Maersk says port delays will stretch into new year

-- 2021-11-02 20:42:15

The chaos that has bedevilled global supply chains in recent months will extend into next year, with a lack of truck drivers preventing hundreds of container vessels from offloading goods around the w...

Pfizer expects COVID-19 vaccine sales of $29b in 2022

Pfizer expects COVID-19 vaccine sales of $29b in 2022

-- 2021-11-02 20:36:38

Pfizer Inc on Tuesday forecast better-than-expected $29 billion in sales from its COVID-19 vaccine for 2022 and said it was seeking to sign more deals with countries for the shot that it has developed...

Safe food: BFSA, New Zealand primary industries ministry sign MoU

Safe food: BFSA, New Zealand primary industries ministry sign MoU

FE ONLINE REPORT 2021-11-02 18:50:06

The Bangladesh Food Safety Authority (BFSA) signed a memorandum of understanding (MoU) on Tuesday with the New Zealand Ministry of Primary Industries for cooperation on a safe food supply chain. The...

21 GMs promoted to DMDs in state-owned banks

21 GMs promoted to DMDs in state-owned banks

-- 2021-11-02 17:29:25

The government has promoted 21 general managers (GMs) to deputy managing directors (DMD) and appointed them to different state-owned banks and financial institutions. According to a notification of t...

Focus on direct sea port connectivity between Chittagong, Ranong to boost bilateral trade

Focus on direct sea port connectivity between Chittagong, Ranong to boost bilateral trade

FE ONLINE REPORT 2021-11-02 17:23:08

Dhaka Chamber of Commerce & Industry (DCCI) President Rizwan Rahman on Tuesday urged upon for direct port connectivity between Chittagong and Ranong sea ports for boosting existing trade relations...

No downtrend in prices of essentials still

No downtrend in prices of essentials still

SAJIBUR RAHMAN 2021-11-02 15:34:18

Prices of almost all daily essentials, including vegetables and onion, are yet to see a downtrend, especially in the capital’s kitchen markets today (Tuesday), adding woes to the fixed-income gr...

Crypto token inspired by Squid Game collapses in apparent scam

Crypto token inspired by Squid Game collapses in apparent scam

-- 2021-11-02 14:10:39

A digital token inspired by the popular South Korean Netflix series Squid Game has lost almost all of its value as it was revealed to be an apparent scam. Squid, which marketed itself as a "p...

Apex honoured for excellence in retail and digital marketing

Apex honoured for excellence in retail and digital marketing

FE ONLINE DESK 2021-11-02 12:48:57

Apex Footwear Ltd, the country’s leading footwear manufacturer, has recently been honoured for its excellence in retail and digital marketing. The fastest-growing company was adjudged ‘Th...

Almost all development banks committed to reducing coal investment, data shows

Almost all development banks committed to reducing coal investment, data shows

-- 2021-11-02 11:14:44

A coal-burning power plant can be seen in the city of Baotou, in China's Inner Mongolia Autonomous Region, October 31, 2010 — Reuters/Files Nearly all internationally available development fina...

Bangladesh to create 20,000 business process outsourcing professionals in 5 years

Bangladesh to create 20,000 business process outsourcing professionals in 5 years

FE REPORT 2021-11-02 10:20:19

Emphasising high importance on information technology for income generation, the government has taken initiatives to create 20,000 BPO (business process outsourcing) professionals in the country in th...

Petrobangla to receive applications of consultant for upgrading offshore contract until Nov 21

Petrobangla to receive applications of consultant for upgrading offshore contract until Nov 21

FE REPORT 2021-11-02 10:04:50

International consultants will be able to submit expressions of interest (EoIs) until November 21 with intent to upgrade the country's existing offshore model production-sharing contract (MPSC). The...

Globe Biotech submits results of pre-clinical trials to BMRC

Globe Biotech submits results of pre-clinical trials to BMRC

FE REPORT 2021-11-02 09:36:43

Globe Biotech Limited (GBL) submitted results of pre-clinical trials of its homegrown Covid-19 vaccine - Bangavax - on monkeys to the Bangladesh Medical Research Council (BMRC) on Monday. With the su...

Contest launched to source tech-based solutions for women's RMG jobs

Contest launched to source tech-based solutions for women's RMG jobs

FE REPORT 2021-11-02 09:29:44

An international virtual competition has been launched aiming to source tech-based innovations to support safeguarding the jobs of women in readymade garment (RMG) industry in Bangladesh and increase...

Design fault in Dhaka-N'ganj dual-gauge project costs Bangladesh Railway Tk 2.54b

Design fault in Dhaka-N'ganj dual-gauge project costs Bangladesh Railway Tk 2.54b

MUNIMA SULTANA 2021-11-02 09:22:48

The Bangladesh Railway (BR) is going to bear an extra cost of Tk 2.54 billion and take an additional three-year time to complete the Dhaka-Narayanganj dual-gauge project due to faulty design and feasi...

Online platform ready for most taxpayers

Online platform ready for most taxpayers

DOULOT AKTER MALA 2021-11-02 08:53:04

Most of the individual taxpayers, who submit income tax returns physically every year, will be able to avail the convenience of the online platform to file their returns this year. However, the ones...

Commerce ministry seeks information on 44 firms following e-commerce scams

Commerce ministry seeks information on 44 firms following e-commerce scams

FE REPORT 2021-11-02 08:31:29

Commerce ministry on Monday asked the central bank to supply details about transactions, assets and bank balance of 44 e-commerce portals. It also asked the Bangladesh Bank (BB) to find ways to recov...

GP, UNDP launch initiative to create 1.0m economic opportunities

GP, UNDP launch initiative to create 1.0m economic opportunities

-- 2021-11-01 21:53:09

The United Nations Development Programme (UNDP) and Grameenphone (GP) teamed up Monday to establish the alliance "Future Nation" to create 1.0 million economic opportunities over the next three and a...

Commerce ministry’s panel blacklists 49 e-commerce firms

Commerce ministry’s panel blacklists 49 e-commerce firms

-- 2021-11-01 18:10:50

The authorities have blacklisted 49 e-commerce platforms and legal action will be taken against them as per the recommendation of the commerce ministry, an official said on Monday. AHM Shafiquzzaman,...

After shaking off lockdown blues, Asian factories now face supply headaches

After shaking off lockdown blues, Asian factories now face supply headaches

-- 2021-11-01 15:35:26

Asia's factory activity stepped up a gear in October as emerging economies saw Covid-19 infections subside, but rising input costs, material shortages and slowing Chinese growth cloud the outlook, bus...

Walton MD says private sector efforts needed for nation’s success

Walton MD says private sector efforts needed for nation’s success

FE ONLINE DESK 2021-11-01 14:45:10

Golam Murshed, managing director and chief executive officer (CEO) of Walton Hi-Tech Industries, opined that the country is moving forward under the leadership of Prime Minister Sheikh Hasina, who aim...

Fahim Ahmed appointed as CEO of Pathao

Fahim Ahmed appointed as CEO of Pathao

-- 2021-11-01 13:04:12

Digital services platform Pathao has appointed Fahim Ahmed as its managing director and chief executive officer. Fahim, who joined Pathao in early 2018 as the chief financial officer, replaces co-f...

E-commerce platforms to get unique business IDs

E-commerce platforms to get unique business IDs

FE REPORT 2021-11-01 10:16:47

The government is expected to introduce unique business identification numbers (UBINs) in favour of e-commerce platforms from this November, a senior government official said. In this regard, the a...

Dearth of plastic raw materials impacts industries, dev work

Dearth of plastic raw materials impacts industries, dev work

JASIM UDDIN HAROON 2021-11-01 09:59:11

Price spike of plastic raw materials throughout global supply chains on which local corporate businesses depend may contribute to non-food inflationary pressure on Bangladesh’s economy. Busines...

VAT intelligence realises Tk 34.8m tax from Incontrade

VAT intelligence realises Tk 34.8m tax from Incontrade

FE REPORT 2021-11-01 09:24:30

Value Added Tax (VAT) intelligence team has realised Tk 34.8 million unpaid tax from port service provider Incontrade Limited. The company has paid the amount voluntarily and apprised the VAT wing...

NBR waives tax for Dhaka Elevated Expressway

NBR waives tax for Dhaka Elevated Expressway

FE REPORT 2021-11-01 08:57:54

The National Board of Revenue (NBR) has offered a tax exemption for the Dhaka Elevated Expressway, Public Private Partnership (PPP) project, to facilitate expediting its construction work. The Firs...

Chinese CMC resumes coal extraction from Barapukuria coal-mine

Chinese CMC resumes coal extraction from Barapukuria coal-mine

M AZIZUR RAHMAN 2021-11-01 08:49:12

Chinese contractor CMC initiated extracting coal again from the country's lone operational underground coal-mine at Barapukuria in Dinajpur after securing the job - renewed again for another six years...

Govt raises procurement rates of Aman

Govt raises procurement rates of Aman

YASIR WARDAD 2021-11-01 08:29:07

The government Sunday declared Aman-procurement drive from November 7, raising the rice price by Tk 4.0 and paddy's by Tk 1.0 per kilogram from last season's rates. Meanwhile, a fresh spike in prices...