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The Financial Express

Search results for: Trade

Sugar refiners again clamour for price-rise

Sugar refiners again clamour for price-rise

FE REPORT 2021-10-23 08:32:54

Amid the price spiral of sugar, a most essential item, on the overheated commodity market, local refiners have proposed another hike by Tk 10 per kilogram. Bangladesh Sugar Refiners Association (BS...

Malaysia lifts travel ban on migrant workers

Malaysia lifts travel ban on migrant workers

-- 2021-10-22 17:53:07

Malaysia will let foreign workers back into the country after an almost 16-month hiatus due to the COVID-19 pandemic, and allow some tourists back to its resort island of Langkawi, its prime minister...

Vegetables, broiler chicken get pricier in Dhaka’s kitchen markets

Vegetables, broiler chicken get pricier in Dhaka’s kitchen markets

SAJIBUR RAHMAN 2021-10-22 14:44:35

Prices of some major vegetables including green chilli, broiler chicken have witnessed a hike in Dhaka's kitchen markets on Friday compared to Thursday’s prices, augmenting the woes of consumers...

Govt cuts GPF, CPF profit rates for its employees

Govt cuts GPF, CPF profit rates for its employees

FE REPORT 2021-10-22 13:26:59

The government has revised down the rates of profit on general provident fund (GPF) and contributory provident fund (CPF) for the government employees. The ministry of finance issued a notification o...

Corporate chiefs see prices only gong higher

Corporate chiefs see prices only gong higher

FE ONLINE DESK 2021-10-22 10:31:20

For central bankers wrestling with the question of whether inflationary pressures are transitory, industry chiefs around the world have a clear message: prices are only going higher. Shortages of wor...

Bangladesh, Vietnam can thrive on China 'predicament', says BTMA president

Bangladesh, Vietnam can thrive on China 'predicament', says BTMA president

FE REPORT 2021-10-22 09:30:00

Bangladesh Textile Mills Association (BTMA) on Thursday placed a four-point proposal, calling upon Vietnam to invest in the local woven garment manufacturing sector - mainly to grab the opportunity...

Europe's largest packaging industry to build plant in Bangladesh

Europe's largest packaging industry to build plant in Bangladesh

JASIM UDDIN HAROON 2021-10-22 09:00:32

Europe's largest packaging enterprise, ALPLA, plans to build its plant in Bangladesh to seize a market share of packaging and its allied products which are complementary to the country's potential rea...

Black money shies away tough terms for whitening

Black money shies away tough terms for whitening

DOULOT AKTER MALA 2021-10-22 08:46:50

The government received a lukewarm response on its black money-whitening scheme during the first quarter of the current fiscal year as it toughened the terms in the budget with mounting taxes, sources...

Sonali Bank ‘writes off’ Tk 27.28b of Hall-Mark, 19 other defaulters   

Sonali Bank ‘writes off’ Tk 27.28b of Hall-Mark, 19 other defaulters  

-- 2021-10-21 19:57:05

State-owned Sonali Bank Limited has written off Tk 27.28 billion of its top 20 defaulters, including Hall-Mark, due to non-recovery. Sources said the bank has set a target of recovering Tk 2.72 billi...

Nagad's low-cost service fuels new wave of entrepreneurship

Nagad's low-cost service fuels new wave of entrepreneurship

FE ONLINE DESK 2021-10-21 10:58:14

Small and medium-level entrepreneurship has gone to the next level following the cost-effective and easy to avail mobile financial service in Bangladesh. Nagad, the mobile financial wing of Banglades...

Pandemic fallout could slow US online holiday spending growth

Pandemic fallout could slow US online holiday spending growth

-- 2021-10-21 10:19:34

US online holiday spending is expected to grow at its slowest pace in at least eight years, as product shortages, higher prices and lingering pandemic-related uncertainties threaten to put a str...

Versace boss joins Burberry

Versace boss joins Burberry

-- 2021-10-21 09:55:39

British fashion house Burberry has named Jonathan Akeroyd as its new chief executive officer from next April, poaching the boss of Milan-based Versace and former Alexander McQueen head to succeed Marc...

PayPal in $45b bid for Pinterest

PayPal in $45b bid for Pinterest

-- 2021-10-21 09:32:56

PayPal Holdings Inc has offered to buy digital pinboard site Pinterest Inc for $45 billion, people familiar with the matter said on Wednesday, a combination that could herald more tie-ups be...

FBCCI for temporary TRIPS waiver

FBCCI for temporary TRIPS waiver

FE ONLINE REPORT 2021-10-20 18:21:59

To uphold the interests of Least Developed Countries (LDCs) in general and Bangladesh’s inclusive development needs in particular, the Federation of Bangladesh Chambers of Commerce and Industry...

DCCI president stresses technology transfer to boost productivity

DCCI president stresses technology transfer to boost productivity

FE ONLINE DESK 2021-10-20 14:41:19

Mentioning the country’s tremendous economic success in recent years, DCCI President Rizwan Rahman said that promoting technology transfer will strengthen manufacturing sector more productive....

Daraz asked not to run 'lottery' programme

Daraz asked not to run 'lottery' programme

SYFUL ISLAM 2021-10-20 09:17:05

E-commerce platform Daraz Bangladesh Limited, a concern of Chinese conglomerate Alibaba Group, wants to run some programmes that resemble 'lottery'. But the Digital Commerce Operation Guidelines 202...

'Many industrial units flout workplace safety'

'Many industrial units flout workplace safety'

FE REPORT 2021-10-20 09:12:38

Despite having a state watchdog, many local industrial units do not comply with workplace safety measures mainly due to poor coordination among regulators, speakers told a programme on Tuesday. Bangl...

Robi scores highest in sharing towers

Robi scores highest in sharing towers

ISMAIL HOSSAIN 2021-10-20 08:41:28

Robi Axiata Ltd has scored the highest in sharing its towers with the tower-sharing companies, achieving the objective of telecom sectors' infrastructure facilities. According to the operator's ins...

ILO adopts code of practice for workers of four industrial sectors

ILO adopts code of practice for workers of four industrial sectors

MONIRA MUNNI 2021-10-20 08:31:37

The International Labour Organization (ILO) has adopted a code of practice (CoP) for the textile, clothing, leather and footwear industries to improve the health and safety conditions of more than 6...

NBR despairs of Dhaka South City Corporation's deal on householders’ data

NBR despairs of Dhaka South City Corporation's deal on householders’ data

DOULOT AKTER MALA 2021-10-20 08:24:17

The revenue board despairs of a proposed pact with Dhaka city's south administration on sharing householders' data as part of a move for casting wide country's tax net as the latter reportedly demur...

Vivo, ZEISS bring professional camera to smartphone for photography-loving generation   

Vivo, ZEISS bring professional camera to smartphone for photography-loving generation  

FE ONLINE REPORT 2021-10-19 19:24:38

Time and again, vivo has demonstrated its inclination towards developing technology that benefits its customers in a world progressing towards digitisation with each day, according to the tech company...

Amazon to hire 150,000 seasonal workers

Amazon to hire 150,000 seasonal workers

-- 2021-10-19 17:47:28

Amazon has announced 150,000 seasonal jobs available across the United States to help holiday delivery. All Amazon jobs in the United States, including seasonal roles, have an average starting pay of...

Apex launches breast cancer awareness campaign

Apex launches breast cancer awareness campaign

FE ONLINE DESK 2021-10-19 15:43:00

Marking the ongoing Breast Cancer Awareness Month, Nino Rossi, one of the popular brands of Apex Footwear Limited, has launched a campaign titled “Nari Tumi Durbar Rukhe Dao Breast Cancer”...

DBL Group’s Hamza Textiles to get $22.7m IFC investment

DBL Group’s Hamza Textiles to get $22.7m IFC investment

FE ONLINE DESK 2021-10-19 15:26:08

IFC, a member of the World Bank Group that focuses on the private sector in emerging markets, is investing $22.7 million in Hamza Textiles Ltd, a dyeing and finishing company of DBL Group. The funds...

MRP of soyben oil increased to Tk 160 per litre   

MRP of soyben oil increased to Tk 160 per litre  

FE ONLINE REPORT 2021-10-19 15:19:50

The oil refiners have increased the maximum retail prices (MRP) of soybean oil to Tk 160 per litre from Tk 153, according to a Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association...

Prices of essentials, vegetables yet to go down

Prices of essentials, vegetables yet to go down

FE ONLINE REPORT 2021-10-19 13:39:30

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...

Apple launches two new MacBooks, AirPods and a $5 music streaming service

Apple launches two new MacBooks, AirPods and a $5 music streaming service

-- 2021-10-19 09:08:44

Apple on Monday launched two new MacBook Pro models powered by new in-house Apple Silicon chips as well as a new generation of its AirPods wireless earbuds and a $5-per-month music subscription servic...

S Arabia recruits 30,000 women workers from Bangladesh in nine months

S Arabia recruits 30,000 women workers from Bangladesh in nine months

FE REPORT 2021-10-19 08:42:48

Saudi Arabia recruited more than 30,000 women workers from Bangladesh in the last nine months of the current calendar year amid Covid-19 pandemic, according to the latest data from the manpower bure...

Tariff tangle troubles five quick-rental power plants' tenure extension

Tariff tangle troubles five quick-rental power plants' tenure extension

FE REPORT 2021-10-19 08:11:51

Tenure extension of the oil-fired quick-rental power plants (QRPPs) looks uncertain as tariff negotiations hit a deadlock over the entrepreneurs' hard bargain for extras, officials say. The five oil-...

Korean envoy pledges to double business activities in Chattogram

Korean envoy pledges to double business activities in Chattogram

-- 2021-10-18 19:15:22

South Korean Ambassador to Bangladesh Lee Jang-keun has reaffirmed his commitment to strengthen engagement with Chattogram where more than 90 per cent of exports and imports of Bangladesh passing thro...