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The Financial Express

Search results for: Trade

Lentil prices may be fixed

Lentil prices may be fixed

REZAUL KARIM 2021-09-18 11:06:47

The government is considering fixing the prices of lentil to rein in soaring prices of the key essential in the kitchen market, officials said. As part of the move, the Ministry of Commerce (MoC) has...

Nepal keen to use Bangladeshi ports

Nepal keen to use Bangladeshi ports

FE REPORT 2021-09-18 10:00:54

Nepal expressed its willingness to use Bangladeshi ports in international trade to reduce its dependence on Kolkata port. This was observed Thursday by Nepal's Ambassador in Bangladesh Dr. Banshidhar...

Single point mooring in Maheshkhali unlikely to be operational by June 30

Single point mooring in Maheshkhali unlikely to be operational by June 30

NAZIMUDDIN SHYAMOL 2021-09-18 09:51:05

CHATTOGRAM: Although 64 per cent work of Single Point Mooring (SPM) project in Maheshkhali have been completed till Friday, the mega project may not be implemented by June next year due to delays caus...

IMF chief Georgieva denies pro-China pressure on World Bank report

IMF chief Georgieva denies pro-China pressure on World Bank report

-- 2021-09-18 08:12:52

International Monetary Fund chief Kristalina Georgieva on Friday denied allegations that she pressured World Bank staff to alter data to favor China during her time as World Bank CEO, as the IMF's exe...

Indian orange, chilli get Geographical Indication tag

Indian orange, chilli get Geographical Indication tag

-- 2021-09-17 21:56:08

A special orange variety and a chilli species cultivated in the northeastern Indian state of Manipur have acquired the Geographical Indication (GI) tag, which will enable the two products to remain pr...

Facebook rolls out new messaging, business tools for brands

Facebook rolls out new messaging, business tools for brands

-- 2021-09-17 17:11:19

Facebook Inc is rolling out new ways for businesses to find and chat with potential customers on its apps, the social media company said Thursday, as it seeks to become an online shopping destination....

Evaly MD planned to declare bankruptcy, says RAB

Evaly MD planned to declare bankruptcy, says RAB

-- 2021-09-17 15:32:57

Mohammad Rassel, the embattled MD of e-commerce platform Evaly, was planning to file for bankruptcy if the company failed to clear its financial obligations amid allegations of embezzlement, according...

Infobip adds Viber, Email, SMS to LankaBangla Finance's customer communication channels

Infobip adds Viber, Email, SMS to LankaBangla Finance's customer communication channels

-- 2021-09-17 11:51:24

Global cloud communications platform provider Infobip has recently inked a deal with Bangladesh's leading integrated financial service provider LankaBangla Finance Limited, aimed at strengthening tran...

Rice, edible oil, chicken get pricier in city markets

Rice, edible oil, chicken get pricier in city markets

FE REPORT 2021-09-17 10:24:45

Rice, edible oils and chickens became costlier last week, increasing sufferings of the consumers, especially the commoners whose income has declined notably amid the pandemic. Sugar price remained at...

Gas supply crunch cuts mills' output by 40pc: BTMA

Gas supply crunch cuts mills' output by 40pc: BTMA

FE REPORT 2021-09-17 10:18:48

Many textile and spinning mills, operated with captive power plants, lost their production capacity by 40 per cent on an average due to shortage of gas supply, leaders of the Bangladesh Textile Mill...

SME Foundation inks deals with 19 banks, NBFIs

SME Foundation inks deals with 19 banks, NBFIs

FE REPORT 2021-09-17 10:15:03

The Small and Medium Enterprise Foundation (SMEF) signed deals with 19 financial institutions on Thursday to disburse Tk 2.0 billion credit among entrepreneurs under the government's stimulus packag...

BAT, Nestlé contribute to govt's Labour Welfare Fund

BAT, Nestlé contribute to govt's Labour Welfare Fund

FE REPORT 2021-09-17 10:13:52

British American Tobacco (BAT) and Nestlé Bangladesh Limited have together contributed to the Labour Welfare Fund under the Ministry of Labour and Employment. BAT provided Tk 111 million to th...

Central bank asks banks to reinstate retrenched employees

Central bank asks banks to reinstate retrenched employees

FE REPORT 2021-09-17 10:10:16

Bangladesh Bank Thursday asked the banks to take measures for reinstatement of their sacked employees, following complaints about job cuts during corona crisis. Reports say many bank employees got th...

New edition of GP Accelerator launched to pick best homegrown startups

New edition of GP Accelerator launched to pick best homegrown startups

FE REPORT 2021-09-17 10:05:39

Grameenphone has launched the third edition of GP Accelerator, the flagship programme to co-create a startup ecosystem and accelerate the digitalisation journey in Bangladesh. Launched in 2015, the G...

NRB Bank gets the regulator’s stick for overreaching investment ceiling

NRB Bank gets the regulator’s stick for overreaching investment ceiling

SIDDIQUE ISLAM 2021-09-17 09:57:34

The central bank Thursday fined NRB Bank Limited Tk 4.95 million for allegedly overreaching ceiling of investment in an individual share. The fourth-generation private commercial bank (PCB) has been...

FBCCI to highlight potential sectors at Dubai Expo

FBCCI to highlight potential sectors at Dubai Expo

FE REPORT 2021-09-17 09:57:07

The country's apex chamber aims to brand Bangladesh as a 'New Bangladesh' at six-month-long Dubai Expo 2020 scheduled to begin on October 01 next. Shafiul Islam Mohiuddin, a member of parliament an...

WB kills business climate report after ethics probe cites 'undue pressure' on rankings

WB kills business climate report after ethics probe cites 'undue pressure' on rankings

-- 2021-09-17 09:24:38

World Bank leaders, including then-Chief Executive Kristalina Georgieva, applied "undue pressure" on staff to boost China's ranking in the bank's "Doing Business 2018" report, according to an independ...

Ethics review ordered after US central bank officials' trading prompts outcry

Ethics review ordered after US central bank officials' trading prompts outcry

-- 2021-09-17 09:18:57

Federal Reserve Chair Jerome Powell has ordered a sweeping review of the ethics rules governing financial holdings and dealings by senior officials at the US central bank, a Fed spokesperson said on T...

Investors brace for a great fall in China

Investors brace for a great fall in China

-- 2021-09-17 08:47:59

International investors that have been piling into China in recent years are now bracing for one of its great falls as the troubles of over-indebted property giant China Evergrande come to a head, Reu...

How Wall Street's hottest dealmaking trend fizzled

How Wall Street's hottest dealmaking trend fizzled

-- 2021-09-17 08:10:03

Los Angeles Dodgers co-owner Todd Boehly made a lucrative offer last March that Sportradar Group AG (SRAD.O) founder and CEO Carsten Koerl could not pass up, Reuters reports. He proposed a...

Online purchases boost US retail sales

Online purchases boost US retail sales

-- 2021-09-16 22:05:48

US retail sales unexpectedly increased in August as a surge in online and furniture store purchases offset a continued decline at auto dealerships, which could temper expectations for a sharp slowdown...

BRAC ED stresses increasing capacity of partner NGOs for disadvantaged people      

BRAC ED stresses increasing capacity of partner NGOs for disadvantaged people     

FE ONLINE DESK 2021-09-16 20:13:48

BRAC's Executive Director Asif Saleh has called for bringing dynamism to partner NGOs by increasing their existing capacities to improve the socio-economic conditions of disadvantaged people.  &n...

Developing nations should withdraw from ISDS, argue experts

Developing nations should withdraw from ISDS, argue experts

FE ONLINE REPORT 2021-09-16 19:22:44

A number of international civil society members and experts have found that meaningful reforms to the international investment arbitration regime are far away despite making a thorough review initiati...

ASOS ties exec pay to new environmental goals

ASOS ties exec pay to new environmental goals

-- 2021-09-16 19:08:17

Online fashion retailer ASOS set out plans to cut its environmental impact and improve worker rights on Thursday, tying its success in cutting waste and carbon levels to future management pay. Joinin...

Case filed against Evaly chairman, CEO

Case filed against Evaly chairman, CEO

-- 2021-09-16 16:26:41

A fraud case has been filed against Evaly CEO Mohammad Rassel and Chairman Shamima Nasrin for charging a customer for products that were not delivered. A man named Arif Baker filed the case with the...

Will trade fair return in 2022?

Will trade fair return in 2022?

-- 2021-09-16 12:15:00

When the coronavirus pandemic hit Bangladesh last year, it upended many socio-economic activities. One victim was the Dhaka International Trade Fair 2021. Organisers are worried about whether the fa...

Commerce ministry calls a halt to sales of unpacked soybean oil

Commerce ministry calls a halt to sales of unpacked soybean oil

FE REPORT 2021-09-16 10:54:39

Commerce ministry has sought necessary measures to stop selling unpacked soybean oil in the market in order to save consumers from being cheated and also protect their interests. To this effect, offi...

Electric vehicles policy yet to be finalised

Electric vehicles policy yet to be finalised

Munima Sultana 2021-09-16 10:11:06

The electric vehicles policy that was drafted almost three years ago could not be finalised even after it was tabled for a discussion on Wednesday. Bangladesh Road Transport and Authority (BRTA) form...

Company 'evades' Tk 84.8m VAT through mis-declaration

Company 'evades' Tk 84.8m VAT through mis-declaration

FE REPORT 2021-09-16 09:48:13

A tax-intelligence team has unearthed alleged tax evasion worth Tk 84.8 million by a company through misdeclaration on imports and local marketing sans value addition. Officials said a value-added...

Bangladesh's telecom regulator changes MNP licensing guidelines

Bangladesh's telecom regulator changes MNP licensing guidelines

ISMAIL HOSSAIN 2021-09-16 08:45:49

The country's telecom regulator has changed the licensing guidelines for mobile number portability (MNP) services, reducing the provision of revenue sharing with the government from 15 per cent to 5.5...