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The Financial Express

Search results for: Trade

Weak banks to merge after passage of law: Finance Minister

Weak banks to merge after passage of law: Finance Minister

FE ONLINE REPORT   2021-09-29 14:46:00

Finance Minister AHM Mustafa Kamal said Wednesday banks interested to get merged with each other will be given permission once a law is passed in this regard.     “The law (...

Ensuring workplace safety: Govt, stakeholders to inspect factories

Ensuring workplace safety: Govt, stakeholders to inspect factories

FE ONLINE REPORT 2021-09-29 12:21:17

The government along with private stakeholders will inspect factories across the country to identify problems for ensuring workplace safety. Involving FBCCI, BGMEA, BKMEA and other sector-specific as...

Bangladesh’s e-commerce remains unhinged

Bangladesh’s e-commerce remains unhinged

FE ONLINE DESK 2021-09-29 10:18:22

Bangladesh's burgeoning e-commerce industry has been dogged by a lack of monitoring and transparency for years as the repeated calls for oversight seemingly fell on deaf ears until the recent allegati...

Draft e-commerce act, watchdog by November

Draft e-commerce act, watchdog by November

FE REPORT 2021-09-29 09:20:03

A newly constituted high-powered committee is now doing homework to draft a digital commerce act and a regulatory authority by November with intent to discipline the crisis-ridden sector. As part o...

Bangladesh makes ‘notable progress’ in data initiatives

Bangladesh makes ‘notable progress’ in data initiatives

FE REPORT 2021-09-29 08:25:24

Bangladesh made significant progress in data initiatives in response to Covid which relates to tracking infection, vaccination and delivery of public interventions, experts said and stressed buildin...

NBR inks MoU with ICAB to verify audited financial reports

NBR inks MoU with ICAB to verify audited financial reports

-- 2021-09-28 20:02:37

The Value Added Tax (VAT) wing of the National Board of Revenue (NBR) has signed a Memorandum of Understanding (MoU) with the Institute of Chartered Accountants of Bangladesh (ICAB) for using the Docu...

‘FTA with China will help continue Bangladesh’s economic progress in post-LDC period’

‘FTA with China will help continue Bangladesh’s economic progress in post-LDC period’

FE ONLINE DESK 2021-09-28 19:03:29

A Free trade agreement with China, Bangladesh's largest partner in international trade, will aid to tackle the challenges after LDC graduation. Besides, this agreement will reduce the huge trade d...

Walton starts exporting microwave ovens to Europe

Walton starts exporting microwave ovens to Europe

FE ONLINE DESK 2021-09-28 16:30:09

The Bangladeshi electronics giant Walton has started exporting ‘Made in Bangladesh’ labelled microwave ovens to Romania and Hungary. The move is another milestone in Walton's journey...

Apex donates shoes to school children on Founder’s Day

Apex donates shoes to school children on Founder’s Day

FE ONLINE DESK 2021-09-28 14:07:23

To commemorate the special occasion of Founder's Day on Sunday, Apex lent its support to school-going children with 5,000 pairs of shoes through Spreeha Bangladesh - an organisation that inspires chan...

Ford to create 10,800 jobs making electric vehicles, batteries

Ford to create 10,800 jobs making electric vehicles, batteries

-- 2021-09-28 11:01:52

Ford and a partner company said they are planning to build three major electric-vehicle battery factories and an auto assembly plant by 2025 — a dramatic investment in the future of EV technolog...

Bangladesh gets highest $1.14b foreign aid in July-Aug

Bangladesh gets highest $1.14b foreign aid in July-Aug

FHM HUMAYAN KABIR 2021-09-28 10:40:00

Bangladesh received the highest foreign aid worth US$ 1.14 billion in the first two months of the current fiscal year (FY), 2021-22, as the Asian Development Bank (ADB) released loans amounting to m...

Technical committee formed to oversee e-commerce sector

Technical committee formed to oversee e-commerce sector

FE ONLINE REPORT 2021-09-28 09:07:33

The commerce ministry has formed a high-powered technical committee for the greater interest of the country’s e-commerce sector. To this effect, the ministry issued an order on Monday. The com...

Spot LNG import restarts at record-high rate

Spot LNG import restarts at record-high rate

FE REPORT 2021-09-28 08:54:44

A nagging gas crunch is being remedied at a price as the government purchased the first LNG cargo at the highest-ever price at US$28 per million British thermal unit (MMBTU) to restart its import from...

Bangladesh, India agree on feasibility study

Bangladesh, India agree on feasibility study

FE REPORT 2021-09-28 08:51:44

Bangladesh and India signed a deal to do a study on the feasibility of a direct rail corridor with the northern Bogura district to reduce travel time with Dhaka. Bangladesh Railway (BR) and RITES L...

60pc returnee women migrants jobless, 65pc have no regular income

60pc returnee women migrants jobless, 65pc have no regular income

FE REPORT 2021-09-28 08:39:11

About 60 per cent of the returnee women migrant workers remain jobless at home, while 65 per cent have no regular income, according to a BILS study. It showed, 61 per cent are bearing the burden of l...

Bangladesh launches migrant resource centre for safe recruitment

Bangladesh launches migrant resource centre for safe recruitment

FE ONLINE REPORT 2021-09-27 20:51:48

The Migrant Resource Centre (MRC) has been launched in order to disseminate necessary information to ensure safe and orderly migration. Bureau of Manpower Employment and Training (BMET) Director Gene...

Dairy farmers demand cancellation of soybean meal export decision

Dairy farmers demand cancellation of soybean meal export decision

FE ONLINE REPORT  2021-09-27 18:56:53

Dairy farmers have demanded the government to immediately cancel the decision of exporting soybean meal to protect the country's dairy, poultry and fisheries sectors from incurring losses. The Bangla...

Pathao Food, Gotcha ink partnership deal

Pathao Food, Gotcha ink partnership deal

FE ONLINE DESK 2021-09-27 17:20:31

Pathao Foods and Gotcha-Art of Tea have signed a partnership deal to deliver drinks to tea lovers and fanatics through the food delivery services. The partnership between Pathao Food and Gotcha-Art o...

Panic buying leaves up to 90pc of fuel pumps dry in British cities

Panic buying leaves up to 90pc of fuel pumps dry in British cities

-- 2021-09-27 14:14:13

Up to 90 per cent of British fuel stations ran dry across major English cities on Monday after panic buying deepened a supply chain crisis triggered by a shortage of truckers that retailers are warnin...

New Thai envoy calls for Bangladesh-Thailand FTA

New Thai envoy calls for Bangladesh-Thailand FTA

FE ONLINE DESK 2021-09-27 13:50:22

Newly appointed Thai Ambassador to Bangladesh Makawadee Sumitmore has called for a free trade agreement (FTA) between Bangladesh and Thailand to create more business opportunities between the two coun...

Bangladesh tourism sector still reeling from Covid aftershock

Bangladesh tourism sector still reeling from Covid aftershock

-- 2021-09-27 09:08:23

The coronavirus pandemic brought the tourism industry in Bangladesh to its knees following a series of lockdowns and harsh travel restrictions to curb infections. After a partial reopening, the sect...

Intel recommends action against oligopolies

Intel recommends action against oligopolies

FE REPORT 2021-09-27 08:47:13

An unrelenting rice-market volatility prompted recommendations for punitive action against perceived oligopolies and remedial measures for taming overheated prices through expanding the rationing unde...

Fortune still favours the bankers as banks equally cut deposit, lending rates

Fortune still favours the bankers as banks equally cut deposit, lending rates

SIDDIQUE ISLAM 2021-09-27 08:38:48

Fortune favours the bankers as the spread remains same though they cut interest rates both ways-on deposits and lending-to match current realities. Banking sources said the interest-rate spread remai...

LPG pricing by BPC faces opposition from energy regulator, rights groups

LPG pricing by BPC faces opposition from energy regulator, rights groups

FE REPORT 2021-09-27 08:36:08

A government move allowing BPC monopoly on pricing its liquefied petroleum gas, bypassing scrutiny, came under a broadside from both the country's energy regulator and rights group. Sources said the...

BGMEA proposes joint collaboration programme with Disney

BGMEA proposes joint collaboration programme with Disney

FE ONLINE DESK 2021-09-26 20:50:18

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has proposed a joint collaboration programme with Disney to start unconditional sourcing in Bangladesh. In a meeting with Drea...

Titas seeks foreign funds to instal more prepaid metres in city

Titas seeks foreign funds to instal more prepaid metres in city

-- 2021-09-26 19:13:36

The country's largest state-run natural gas distributor is seeking funds from two major donor agencies to implement its plan to install 1.25 million more prepaid gas metres for domestic customers in t...

Bangladesh eyes 40pc electricity from renewable energy by 2050

Bangladesh eyes 40pc electricity from renewable energy by 2050

FE REPORT 2021-09-26 12:45:32

The government is eyeing to increase the contribution of renewable energy to the country's overall electricity generation to around 40 per cent by 2050 from less than 3.0 per cent now. To achieve the...

Merchant Bay raises $260,000 pre-seed fund to digitise RMGs

Merchant Bay raises $260,000 pre-seed fund to digitise RMGs

-- 2021-09-26 11:53:09

Merchant Bay, a Dhaka-based RMG startup, has raised USD 260,000 pre-seed fund to develop specialised business intelligence solutions for the RMG industry of Bangladesh. The company aims to produce sm...

Hope high on vannamei for shrimp export boom

Hope high on vannamei for shrimp export boom

Arafat Ara 2021-09-26 09:05:29

The government likes to go for further trial of vannamei shrimp culture to understand its prospect in Bangladesh before permitting commercial production while exporters look eager to tap a prospecti...

VAT call centre closure causes sufferings to businesses

VAT call centre closure causes sufferings to businesses

DOULOT AKTER MALA 2021-09-26 08:52:02

The VAT call centre to support businesses with an instant solution has remained closed since July 2021, much to the unwary tradespeople's ordeal of adopting the new automated VAT system. Opened in...