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The Financial Express

Search results for: Trade

Premier Bank  inks agreement with SME Foundation

Premier Bank inks agreement with SME Foundation

FE Online Desk 2021-10-06 21:28:55

Recently, The Premier Bank Limited signed an agreement with SME Foundation for providing loan facility to the SME Business in rural & sub urban area of Bangladesh affected for pandemic of COVID-19...

Remittance inflow: Kamal terms CPD’s apprehension 'unrealistic'

Remittance inflow: Kamal terms CPD’s apprehension 'unrealistic'

FE ONLINE REPORT 2021-10-06 15:07:58

Finance Minister AHM Mustafa Kamal on Wednesday termed the apprehension of cash inflow from other sources in the name of remittance as 'unrealistic'. He made the remark while replying to a recent cal...

PepsiCo may raise price as supply disruptions linger

PepsiCo may raise price as supply disruptions linger

-- 2021-10-06 10:56:35

PepsiCo Inc said on Tuesday it would likely raise prices again early next year, as it looks to overcome ever-increasing supply-chain challenges that include everything from a shortage of Gatorade...

Emirates slams Boeing over 777X delays

Emirates slams Boeing over 777X delays

-- 2021-10-06 10:51:45

The head of Dubai airline Emirates piled pressure on planemaker Boeing on Tuesday over delays to its 777X jetliner, warning that the uncertainty would cause significant disruption for one of the...

Decade-high cotton prices set to make apparel products costlier

Decade-high cotton prices set to make apparel products costlier

FE REPORT 2021-10-06 09:11:28

Bangladesh's main export, readymade garment, is poised to be costlier as global cotton-price index hit a decade-high with its cascading impact on the entire industrial chain, textile makers warn. B...

Bitcoin soars to $50,000 on institutional demand

Bitcoin soars to $50,000 on institutional demand

FE ONLINE DESK 2021-10-06 08:59:28

Bitcoin, the world's largest cyrptocurrency in terms of market value, rose on Tuesday, passing the $50,000 mark for the first time in four weeks and adding to gains this month on mounting institutiona...

‘Separate ministry for human resources needed to boost skill development’

‘Separate ministry for human resources needed to boost skill development’

FE ONLINE REPORT 2021-10-05 13:22:37

Bangladesh should establish a separate ministry for human resources development in a bid to give an impetus to the skill development activities so that the country can turn its population into assets,...

TCB to resume selling essentials at subsidised prices from Wednesday

TCB to resume selling essentials at subsidised prices from Wednesday

FE ONLINE REPORT   2021-10-05 12:10:46

The Trading Corporation of Bangladesh (TCB) will resume selling daily essentials at subsidised prices from Wednesday ahead of Durga Puja, the biggest religious festival of the country's Hindu communit...

Can Bangladesh’s e-commerce players win back trust?

Can Bangladesh’s e-commerce players win back trust?

-- 2021-10-05 10:39:25

The e-commerce sector in Bangladesh had been going from strength to strength over the last decade, particularly during the coronavirus pandemic, as online purchases skyrocketed. Now, the industry i...

Netherlands keen to support in Bangladesh's agro processing, exports

Netherlands keen to support in Bangladesh's agro processing, exports

FE REPORT 2021-10-05 09:48:08

The Netherlands is interested to support Bangladesh in agro-processing and the country's farm product exports. The two countries will sign a memorandum of understanding (MoU) soon on the matter aim...

Truck service saves BRTC millions

Truck service saves BRTC millions

MUNIMA SULTANA 2021-10-05 09:45:28

The loss-incurring Bangladesh Road Transport Corporation (BRTC) is turning profit-making with its new truck service, saving nearly Tk 157-million in surplus earnings in the first eight months of thi...

International cooperation can augment clean energy use: Minister

International cooperation can augment clean energy use: Minister

FE REPORT 2021-10-05 09:31:50

State minister for power, energy and mineral resources says an increased regional and international cooperation can boost expansion of renewable energy and the use of clean energy. The latest techn...

Defaulters get yet another loan restructuring facility

Defaulters get yet another loan restructuring facility

FE REPORT 2021-10-05 08:34:50

The loan defaulters, who were granted special loan rescheduling or 'one-time exit' facility under a central bank scheme, known as the loan-restructuring facility, will get time extension to repay th...

Biman to inaugurate Saidpur-Cox's Bazar direct flight from Oct 7

Biman to inaugurate Saidpur-Cox's Bazar direct flight from Oct 7

FE ONLINE REPORT 2021-10-04 21:02:43

National flag carrier Biman Bangladesh Airlines will launch direct flights on Saidpur-Cox's Bazar route from October 7 and Cox's Bazar- Saidpur route on October 9. Biman has announced a 15 per cent r...

Global merchandise trade may post double-digit growth

Global merchandise trade may post double-digit growth

FE ONLINE REPORT 2021-10-04 20:05:14

Global merchandise trade volume may post a growth rate of 10.80 per cent in the current year, according to the latest projection of the World Trade Organization (WTO). Earlier, in March this year, WT...

Bangladesh, Algeria Free Trade Agreement will boost bilateral trade, says DCCI President   

Bangladesh, Algeria Free Trade Agreement will boost bilateral trade, says DCCI President  

FE ONLINE DESK 2021-10-04 18:04:50

Algerian Ambassador to Bangladesh Rabah Larbi had a meeting with the DCCI President Rizwan Rahman on Monday at the latter’s office. During the meeting DCCI President Rizwan Rahman said that the...

Bangladesh surpasses Sept export earnings target by 39 per cent

Bangladesh surpasses Sept export earnings target by 39 per cent

FE ONLINE REPORT 2021-10-04 13:45:03

The country's export earnings in September 2021 stood at US$4.16 billion registering a 38 per cent growth year-on-year riding on the readymade garment (RMG) amid the pandemic. Bangladesh fetched $3.0...

Whistleblower says Facebook prioritises profit over public good

Whistleblower says Facebook prioritises profit over public good

-- 2021-10-04 12:49:02

A Facebook whistleblower on Sunday accused the social media giant of repeatedly prioritising profit over clamping down on hate speech and misinformation, and said her lawyers have filed at least eight...

Modern skilling of Bangladesh's LES workers a must

Modern skilling of Bangladesh's LES workers a must

ADNAN HOSSAIN BHUIYAN 2021-10-04 10:23:54

Technical training and skill-development programmes for industrial workers, especially in the light-engineering sector (LES), somewhat mismatch the demand for up-scaling their abilities to modern-day...

Call for deferring two planned projects for tea farming expansion

Call for deferring two planned projects for tea farming expansion

FE REPORT 2021-10-04 10:08:55

The Bangladesh Tea Board (BTB) has urged the government to put on hold entire works of two proposed projects for tea cultivation extension - due to lack of sufficient fund to implement the projects,...

Onion price heats up in Bangladesh market

Onion price heats up in Bangladesh market

YASIR WARDAD 2021-10-04 09:19:45

Onion has become dearer suddenly since the last day of September with prices of the kitchen staple showing 22-28pc rise in the past 72 hours ending Sunday afternoon. Both market observers and consu...

BB asks financial institutions to keep provision against 'other assets'

BB asks financial institutions to keep provision against 'other assets'

FE REPORT 2021-10-04 09:00:38

All unadjusted prepaid entries, unadjusted prepaid legal expenses, protested (uncollectible debt) bills and other expenses or losses of financial institutions are now shown as 'other assets', clas...

Low investment, skill gap cost Bangladesh's entry into multi-billion dollar apparel  market

Low investment, skill gap cost Bangladesh's entry into multi-billion dollar apparel market

SYFUL ISLAM 2021-10-04 08:38:22

Bangladesh's apparel industry could not grab its share up to the potential in a multibillion-dollar global technical textiles trade for a lack of awareness of market requirements and adequate techni...

Central bank brings flexibility in dispatching export documents to buyers

Central bank brings flexibility in dispatching export documents to buyers

-- 2021-10-03 22:29:31

The Bangladesh Bank has introduced greater flexibility for banks in dispatching export documents to buyers. The Foreign Exchange Policy Department of the central bank issued a circular in this regard...

BGMEA wants Denmark's support to continue duty benefits in EU market

BGMEA wants Denmark's support to continue duty benefits in EU market

-- 2021-10-03 19:32:44

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan on Sunday sought Denmark's support in the continuation of duty-benefit for Bangladesh in the European Union...

22-day ban on Hilsa fishing begins Sunday midnight

22-day ban on Hilsa fishing begins Sunday midnight

-- 2021-10-03 19:12:28

A 22-day ban on catching, selling, hoarding and transporting hilsa will begin on Sunday midnight with a view to ensuring the safe spawning of the popular fish during its peak breeding period. The ban...

Biman resumes direct flights to Abu Dhabi

Biman resumes direct flights to Abu Dhabi

-- 2021-10-03 19:03:59

Biman Bangladesh Airlines has resumed its direct flights from Dhaka to Abu Dhabi on Sunday. Two flights of Biman Bangladesh Airlines will operate on Sunday and Thursday, reports UNB citing a press re...

Workers of Sinha Garments on fast-unto-death strike

Workers of Sinha Garments on fast-unto-death strike

FE ONLINE REPORT 2021-10-03 13:43:39

Several thousands of apparel workers have begun a fast-unto-death strike in front of the Shromo Bhaban in the capital on Sunday, demanding their unpaid salary for four months. A total of nearly 5,000...

Latif Hasan joins SBL as DMD and CBO

Latif Hasan joins SBL as DMD and CBO

Md Zahidur Rabbi 2021-10-03 12:51:42

M Latif Hasan has joined Standard Bank Limited (SBL) as Deputy Managing Director (DMD) and Chief Business Officer (CBO) on 30th September 2021. Before joining SBL, he was the Head of Credit Risk Mana...

40 thousand Bangladesh women workers went abroad with jobs in 2020

40 thousand Bangladesh women workers went abroad with jobs in 2020

ARAFAT ARA 2021-10-03 09:12:55

More than 40,000 workers went abroad with jobs in the first eight months of the current calendar year, contributing to the country's overseas job sector and remittance earnings. Sector insiders said...