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The Financial Express

Search results for: Trade

Bangladesh to drop dev projects dubbed lame ducks; some funded by China, India, ADB

Bangladesh to drop dev projects dubbed lame ducks; some funded by China, India, ADB

FHM HUMAYAN KABIR 2021-09-26 08:42:08

Fourteen lame-duck projects, which have been receiving government funds with "no execution progress" made for years, are destined to be dropped from the current ADP, Planning Ministry officials said...

Saudi Arabia keen to invest in Bangladesh, Salman says

Saudi Arabia keen to invest in Bangladesh, Salman says

-- 2021-09-25 22:03:24

The Kingdom of Saudi Arabia (KSA) has expressed its interest to invest in Bangladesh under the Saudi Public Investment Fund, Prime Minister’s Private Industry and Investment Affairs Adviser Salm...

Overcome e-commerce crisis legally without investing public money, suggest experts

Overcome e-commerce crisis legally without investing public money, suggest experts

FE ONLINE DESK 2021-09-25 21:55:08

A panel of experts has urged the government to solve the challenges in the e-commerce sector through the legal framework of the company act. They also urged the policymakers to refrain from investing...

Teletalk to launch 5G mobile network technology by December

Teletalk to launch 5G mobile network technology by December

-- 2021-09-25 20:06:38

The state-owned telecom operator Teletalk will launch the fifth generation (5G) cellular network technology by December this year. Posts and Telecommunications Minister Mustafa Jabbar made the disclo...

Huawei CFO flying back to China following deal with US prosecutors

Huawei CFO flying back to China following deal with US prosecutors

-- 2021-09-25 17:51:15

Meng Wanzhou reportedly boarded an unscheduled Air China 777 flight that departed Vancouver International Airport on Friday afternoon, reports Al Jazeera. Huawei Chief Financial Officer Meng Wanzhou...

Nike, Costco facing product shortages and delays due to global supply chain problems

Nike, Costco facing product shortages and delays due to global supply chain problems

-- 2021-09-25 13:31:46

US sportswear giant Nike and US retail giant Costco both say they are facing product shortages and delays due to global supply chain problems. Nike said production and delivery of its shoes w...

Delta to sell LPG at Meghna's filling stations

Delta to sell LPG at Meghna's filling stations

OUR CORRESPONDENT 2021-09-25 08:41:36

CHATTOGRAM: Meghna Petroleum Limited signed an agreement with Delta LPG Limited for selling Delta's liquefied petroleum gas (LPG) at filling stations of Meghna. Sources said, Managing Director of M...

Less than 2-km road takes 5 years to build!

Less than 2-km road takes 5 years to build!

FHM HUMAYAN KABIR 2021-09-25 08:32:54

The Roads and Highways Department (RHD) has signally failed to finish a 1.85-kilometre road in Bogura in four long years and sought yet another year to do so. Officials say this failure has not only...

Bangladesh-Japan talks on trade pact get fresh push

Bangladesh-Japan talks on trade pact get fresh push

SYFUL ISLAM 2021-09-25 08:25:36

Bangladesh moves to hold talks with Japan on the spadework for striking a much-envisaged free-trade agreement (FTA) or a preferential-trade agreement (PTA) with the developed Asian nation. Officials...

Huawei CFO, US reach agreement to resolve bank fraud charges

Huawei CFO, US reach agreement to resolve bank fraud charges

-- 2021-09-24 22:59:22

Huawei Technologies Chief Financial Officer Meng Wanzhou has reached an agreement with US prosecutors to resolve the bank fraud case against her, according to sources familiar with the matter, in a pr...

Uber to contribute 3pc of driver's earnings into pension plan in UK

Uber to contribute 3pc of driver's earnings into pension plan in UK

-- 2021-09-24 19:31:38

Uber Technologies said it would start rolling out its pension plan to all eligible drivers in the United Kingdom, months after the ride-hailing service granted workers' rights to its drivers in the co...

Bangladesh govt allows 2,520 more tonnes of Hilsa export to India

Bangladesh govt allows 2,520 more tonnes of Hilsa export to India

FE REPORT 2021-09-24 11:39:00

The government allowed export of more 2,520 tonnes of hilsa to India ahead of the Durga Puja, the biggest religious festival of the Hindu community. The Ministry of Commerce gave permission to 63 t...

Vegetables being cultivated on Dhaka-Chattogram highway

Vegetables being cultivated on Dhaka-Chattogram highway

OUR CORRESPONDENT, CUMILLA 2021-09-24 10:47:28

Cultivation of vegetables on the Dhaka-Chattogram road divider is increasing day by day. Different varieties of winter vegetables are being cultivated on dividers along the highway in Chauddagram ar...

Broiler sells at Tk 170 per kilo

Broiler sells at Tk 170 per kilo

YASIR WARDAD 2021-09-24 10:01:37

Broiler chickens witnessed a notable hike in prices in the city markets in the past one week, augmenting woes of the people on low incomes. The price has shot up to Tk 160-170 a kilogram from Tk 140-...

Small businesses caught in cumulative debt trap

Small businesses caught in cumulative debt trap

JASIM UDDIN HAROON 2021-09-24 09:54:52

A large number of small business owners dependent on informal moneylenders are falling into debt trap due to higher debt-servicing liabilities amid business slump during the prolonged pandemic disru...

NBR sues Grameen Bank for Tk 670m VAT ‘evasion’

NBR sues Grameen Bank for Tk 670m VAT ‘evasion’

-- 2021-09-23 21:28:26

The National Board of Revenue (NBR) has sued Grameen Bank on charges of evading Tk 670 million in value-added tax on charges, fees and commissions for microcredit. The VAT Audit, Intelligence and Inv...

Big Tech targeted by US, EU in draft memo ahead of trade meeting

Big Tech targeted by US, EU in draft memo ahead of trade meeting

-- 2021-09-23 21:10:18

The United States and European Union plan to take a more unified approach to limit the growing market power of Big Tech companies, according to a draft memo seen by Reuters. The move will be among an...

BB asks Union Bank to explain Tk 190m missing from its Gulshan branch

BB asks Union Bank to explain Tk 190m missing from its Gulshan branch

-- 2021-09-23 19:36:46

Bangladesh Bank (BB) has called for an explanation from Islamic Shariah-based Union Bank Limited on how an amount of Tk 190 million went missing from the vault of its Gulshan branch. "The central ban...

Bproperty clients to get easier home loan from Standard Chartered Bank

Bproperty clients to get easier home loan from Standard Chartered Bank

-- 2021-09-23 15:47:35

Standard Chartered Bank and Bproperty signed an agreement aimed at providing faster and easier home loan solution to the clients of Bproperty. With this partnership, Standard Chartered Bank becomes o...

Bangladesh exports hilsa to India for Durga Puja

Bangladesh exports hilsa to India for Durga Puja

-- 2021-09-23 12:56:07

Bangladesh has sent 104 tonnes of hilsa to India after temporarily relaxing the ban on its export to mark Durga Puja, bdnews24.com reports. The first batch was delivered through the Benapole Land Por...

Panama-Indian JV to build solar power plant

Panama-Indian JV to build solar power plant

FE REPORT 2021-09-23 12:12:38

A joint venture of two little-known Panama and Indian companies gets the go to build a 50-megwatt solar power plant in Bangladesh south-western Khulna district. The cabinet committee on government pu...

BGMEA submits a set of bids to Bangladesh Bank

BGMEA submits a set of bids to Bangladesh Bank

FE REPORT 2021-09-23 12:10:47

The apex body of apparel makers sought support from the central bank, as they are working hard to overcome the challenges, created by the Covid-19 pandemic. To this effect, a delegation, led by S M M...

Separate regulator to govern e-commerce business

Separate regulator to govern e-commerce business

FE REPORT 2021-09-23 11:44:49

The government is going to constitute a separate regulatory authority to govern the country's e-commerce business and bring discipline in this area. An inter-ministerial meeting on Wednesday sugges...

Govt issues automobile policy with fiscal perks

Govt issues automobile policy with fiscal perks

Doulot Akter Mala 2021-09-23 11:11:26

The government has issued the country's first-ever automobile policy for the next ten years with a bunch of fiscal and other incentives, aiming to launch 'Made in Bangladesh' brand worldwide. With a...

Pandemic effect on CMSMEs: Going gets tough for minnows

Pandemic effect on CMSMEs: Going gets tough for minnows

JASIM UDDIN HAROON 2021-09-23 10:47:56

Khokon Chowdhury began his clothing business a decade back, and his business had been growing since with daily sales of around Tk 15,000 until an upset came down. Mr Chowdhury, 43, opened his small b...

NBR lifts bar on sale of used duty-free machinery

NBR lifts bar on sale of used duty-free machinery

FE REPORT 2021-09-23 10:36:55

Exporters are now free to sell their used capital machinery and spares, imported under duty-free facility, on the local market at duty-deducted cheaper prices. Heretofore, 100-per cent export-oriente...

Govt plans regulatory body, new law for e-commerce sector

Govt plans regulatory body, new law for e-commerce sector

FE ONLINE DESK 2021-09-22 21:41:04

The government plans the formation of a regulatory body and the enactment of a new law to monitor the e-commerce sector strictly amid reports of fraudulent incidents. Commerce Minister Tipu Munshi ga...

High Court imposes moratorium on sale, transfer of Evaly assets

High Court imposes moratorium on sale, transfer of Evaly assets

-- 2021-09-22 17:08:43

The High Court has imposed a moratorium on any sale of Evaly assets, responding to an appeal filed by a disgruntled customer. The court order issued by Justice Muhammad Khurshid Alam Sarkar on Wednes...

Coca-Cola Bangladesh appoints Tung as Managing Director

Coca-Cola Bangladesh appoints Tung as Managing Director

-- 2021-09-22 16:45:27

Coca-Cola Bangladesh, a leading beverage company, has announced Ta Duy Tung as the new Managing Director of Coca-Cola Bangladesh Limited. Tung will work closely with bottling partners, customers, and...

Major German automakers place their bets on hydrogen cars

Major German automakers place their bets on hydrogen cars

-- 2021-09-22 14:20:08

Battery power may be the frontrunner to become the car technology of the future, but don't rule out the underdog hydrogen. That's the view of some major automakers, including BMW and Audi, which are...