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The Financial Express

Search results for: Trade

Commodity prices in Bangladesh moving higher

Commodity prices in Bangladesh moving higher

FE REPORT 2021-10-15 08:30:56

The prices of essential commodities, especially onion, sugar, chicken, lentil and edible oil, remained high in the city's kitchen markets on Thursday. A kilogramme (kg) of local variety of onion wa...

Onion duty-free in Bangladesh market, regulatory duty on sugar cut

Onion duty-free in Bangladesh market, regulatory duty on sugar cut

FE REPORT 2021-10-15 08:14:48

Onion import is now made duty-free and sugar duty cut down in the government's bid to shoot down galloping prices of the two essentials, amid recent general price rises. Officials said the National...

Bangladesh government may raise gas price

Bangladesh government may raise gas price

M AZIZUR RAHMAN 2021-10-15 08:08:43

The government is considering a fresh gas-tariff hike to "offset losses" being incurred through the purchase of expensive LNG from the volatile international market, now on the cusp of global reopen...

Pubali Bank opens 483rd branch at Bhangura, Pabna

Pubali Bank opens 483rd branch at Bhangura, Pabna

-- 2021-10-14 21:15:52

Pubali Bank Limited has inaugurated its 483rd branch at Bhangura, Pabna recently having online banking facilities with a view to provide modern banking service. Golam Hasnain Rashel, Mayor of Bhanguar...

Jamuna Bank Foundation's executive health check-up event

Jamuna Bank Foundation's executive health check-up event

-- 2021-10-14 21:09:04

Recently Jamuna Bank Foundation Chairman Al-Haj Nur Mohammed inaugurated a day-long executive health check-up program organized by United Hospital. Managing Director (CC) of the bank Md. Fazlur Rahma...

Thomson Reuters launches $100m venture capital fund

Thomson Reuters launches $100m venture capital fund

-- 2021-10-14 17:15:10

Thomson Reuters Corp is launching a $100 million venture capital fund to invest in early stage companies that serve professional audiences in the legal, tax and accounting, and news media business. T...

Deregulations, structural reforms needed to attract FDI

Deregulations, structural reforms needed to attract FDI

FE REPORT 2021-10-14 15:06:10

Bangladesh needs more deregulations and structural reforms to get desired foreign direct investment (FDI) in the country from Japan and elsewhere, said Japanese Ambassador in Dhaka Ito Naoki on Thursd...

Amazon rigged search results to promote its own brands, documents show: Reuters

Amazon rigged search results to promote its own brands, documents show: Reuters

-- 2021-10-14 13:24:12

Amazon.com has been repeatedly accused of knocking off products it sells on its website and of exploiting its vast trove of internal data to promote its own merchandise at the expense of other sellers...

Oil eases on profit taking, demand jitters

Oil eases on profit taking, demand jitters

-- 2021-10-14 10:37:28

Oil prices eased on Wednesday on worries that crude demand growth would slow, which ate into recent gains that had brought prices to multi-year highs in recent sessions, reports Reuters. Analysts not...

BTMA asks member mills to keep yarn prices unchanged until Nov 30

BTMA asks member mills to keep yarn prices unchanged until Nov 30

MONIRA MUNNI 2021-10-14 10:02:39

The Bangladesh Textile Mills Association (BTMA) instructed all its export-oriented yarn makers on Wednesday to keep the existing yarn prices - quoted in the latest proforma invoices (PI) - unchanged u...

Fresh agreements likely soon following barren funding for PPP projects

Fresh agreements likely soon following barren funding for PPP projects

MUNIMA SULTANA 2021-10-14 09:58:57

Fresh financing agreements are set to be signed with banks and financial institutions following the expiry of previous deals sans successful funding of any PPP projects in the last five years under th...

Banks can't withdraw letter of commitment: BB

Banks can't withdraw letter of commitment: BB

FE REPORT 2021-10-14 09:17:15

From now on, the country's scheduled banks cannot withdraw the letter of commitment for a bank's undertaking for the line of credit (LOC) - provided to participate in procurement tender as proof of fi...

Import taxes on onion, sugar to be reduced

Import taxes on onion, sugar to be reduced

FE REPORT 2021-10-14 09:06:20

The National Board of Revenue (NBR) is set to cut import taxes on onion and sugar in order to keep prices of the essential items stable on the local market. Import tax on onion will be halved to 5....

Dhaka wants softer procurement terms for India's line of credit projects

Dhaka wants softer procurement terms for India's line of credit projects

FHM HUMAYAN KABIR 2021-10-14 09:04:12

Dhaka may stress relaxing procurement conditions binding use of India's Line of Credit at the upcoming review meeting as local implementing agencies tumble over hard terms in executing the LoC project...

Bangladesh looks on as competitors seize China's import surge

Bangladesh looks on as competitors seize China's import surge

MIR MOSTAFIZUR RAHAMAN 2021-10-14 08:59:17

Bangladesh lags far behind its regional trade competitors in seizing a share of surging imports going to China, world's second-largest economy, as many stores in developed countries also go dry for...

High-powered body to suggest steps to discipline e-commerce sector

High-powered body to suggest steps to discipline e-commerce sector

-- 2021-10-13 19:57:10

The government has formed a high-powered committee to suggest steps for bringing discipline in the e-commerce sector hit by scams. The Cabinet Division formed the 15-member panel on Tuesday and asked...

US FDA okays three e-cigarette products by British American Tobacco

US FDA okays three e-cigarette products by British American Tobacco

-- 2021-10-13 15:34:04

The US Food and Drug Administration, or FDA on Tuesday authorised e-cigarette products for the first time ever, allowing their sale by a unit of British American Tobacco Plc, or, BAT in the United Sta...

G20 meeting on trade ends with strong commitment to multilateralism

G20 meeting on trade ends with strong commitment to multilateralism

FE ONLINE DESK 2021-10-13 13:46:32

Italy's Foreign Minister Luigi Di Maio on Tuesday called on ministers from the Group of 20 (G20) to reinforce the global trade system through the World Trade Organization (WTO). Speaking at the G20 T...

Alan Horn to retire as Disney Studios head

Alan Horn to retire as Disney Studios head

-- 2021-10-13 10:33:59

Walt Disney Co's Alan Horn, who turned the company's studio business into a media powerhouse and oversaw blockbusters such as "Avengers: Endgame" and "Black Panther", is retiring at the end of th...

Shamsul Alamin elected REHAB president

Shamsul Alamin elected REHAB president

FE REPORT 2021-10-13 09:42:50

Alamgir Shamsul Alamin has been elected as president of the Real Estate and Housing Association of Bangladesh (REHAB) and Enthekhabul Hamid as its senior vice president for the tenure of 2021-2023. T...

Policy brake being pressed on hydraulic horns

Policy brake being pressed on hydraulic horns

JASIM UDDIN HAROON 2021-10-13 09:36:55

The government is restricting import of hydraulic horns whose deafening honk causes hearing problems, posing the risk of mass deafness in densely-populated cities like Dhaka, sources said about measur...

e-CAB embarks on mission to repair image

e-CAB embarks on mission to repair image

FE REPORT 2021-10-13 09:28:36

Amid widespread scams and criticisms, the e-Commerce Association of Bangladesh (e-CAB) and some other companies on Tuesday launched an awareness campaign, urging people to remain watchful about making...

Bangladesh has huge potential for producing TT, PPE: Study

Bangladesh has huge potential for producing TT, PPE: Study

FE REPORT 2021-10-13 08:42:20

Bangladesh has huge potential in technical textiles (TT) and personal protective equipment (PPE) manufacturing, as the global market for these items is projected to grow to more than US$300 billion by...

VAT returns, payments go fully online soon

VAT returns, payments go fully online soon

FE REPORT 2021-10-13 08:27:34

Two major networking integrations will be completed by next month for the convenience of businesses to submit returns and pay VAT entirely through online process, revenue officials said. The National...

State-owned bank's expansion hindered by dual approval, delays

State-owned bank's expansion hindered by dual approval, delays

-- 2021-10-13 08:21:38

Aspired business expansion of state-owned banks (SoBs) is held back by the introduction of 'dual approval' mandate and a 'go-slow' policy pursued by government authorities, official sources said. Due...

South Asia’s first disaster risk management centre inaugurated at DCCI

South Asia’s first disaster risk management centre inaugurated at DCCI

-- 2021-10-12 18:20:18

Dhaka Chamber of Commerce and Industry (DCCI) and Strengthening Urban Public-Private Programming for Earthquake Resilience Project (SUPER Project) have jointly established South Asia’s first dis...

State minister for planning visits Walton factory

State minister for planning visits Walton factory

-- 2021-10-12 16:25:51

State Minister for Planning Dr Shamsul Alam visited the factory of Walton, a local electronics brand, at Chandra in Gazipur on Monday. Dr Shamsul Alam witnessed the progress of the domestic hi-tech g...

Global carbon capture projects surge 50 per cent in nine months: Research

Global carbon capture projects surge 50 per cent in nine months: Research

-- 2021-10-12 15:00:05

Global plans to build carbon capture and storage (CCS) plants have mushroomed over the last nine months as governments and companies accelerate the hunt for ways to cut emissions and curb global warmi...

BRAC Bank opens agent banking channel at Mithamoin

BRAC Bank opens agent banking channel at Mithamoin

FE ONLINE DESK 2021-10-12 14:13:05

BRAC Bank has opened an agent banking channel at Mithamoin Bazar in Kishoreganj recently, aimed at expanding its service across the country. With the first agent banking outlet in the locality, peopl...

Qatar can’t help easing global energy crisis

Qatar can’t help easing global energy crisis

-- 2021-10-12 12:58:55

Qatar, the world's largest seller of liquefied natural gas (LNG), told consumers it was powerless to cool energy prices as British steelmakers said they could be forced to halt output in the face of s...