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The Financial Express

Search results for: Trade

Insurance regulator sacks Fareast Life CEO

Insurance regulator sacks Fareast Life CEO

FE REPORT 2021-09-16 08:44:09

The Insurance Develop-ment and Regulatory Authority (IDRA) removed the chief executive officer (CEO) of Fareast Islami Life Insurance Company Limited on Wednesday, which comes into effect from today (...

Growing lobbying prompts authorities to decide to conduct study on FSRU at Payra

Growing lobbying prompts authorities to decide to conduct study on FSRU at Payra

FE REPORT 2021-09-16 08:36:09

The government will carry out a feasibility study before allowing any firm to build FSRU (floating, storage and re-gasification unit) at Payra in Patuakhali. The Energy and Mineral Resources Division...

Sukuk gets waiver of value added tax

Sukuk gets waiver of value added tax

DOULOT AKTER MALA 2021-09-16 08:24:05

The National Board of Revenue (NBR) has offered tax benefit to popularise Sukuk, an Islamic financial instrument. The waiver has been offered in a bid to make the local bond market vibrant. The Valu...

BGMEA urges Canadian buyers to take apparel goods from Bangladesh

BGMEA urges Canadian buyers to take apparel goods from Bangladesh

-- 2021-09-15 21:04:08

BGMEA President Faruque Hassan has called on Canadian buyers to choose Bangladesh as a safe, sustainable and ethical apparel-sourcing destination and source more garments from the country. He made th...

Primark vows to cut environmental impact without increasing prices

Primark vows to cut environmental impact without increasing prices

-- 2021-09-15 18:49:14

Primark, one of Europe's biggest fast-fashion chains, has vowed to cut its environmental impact without increasing prices by using more recyclable materials, making clothing more durable, and improvin...

Woman to lead state-owned bank as MD for first time in Bangladesh

Woman to lead state-owned bank as MD for first time in Bangladesh

-- 2021-09-15 17:53:52

Shirin Akhter has got an appointment as the managing director of Bangladesh Krishi Bank. She has become the first woman to hold the post of a state-owned bank in Bangladesh. She had been standing in...

BD, Australia ink trade and investment framework

BD, Australia ink trade and investment framework

FE ONLINE REPORT 2021-09-15 17:36:10

Commerce Minister Tipu Munshi and his counterpart Australian Minister for Trade, Tourism and Investment, Dan Tehan on Wednesday signed a framework on trade and investment between Bangladesh and Austra...

EBL honoured as a leading income tax payer

EBL honoured as a leading income tax payer

FE ONLINE DESK 2021-09-15 11:59:53

Eastern Bank Limited (EBL) has been honoured for its significant contribution in achieving the target (Tk 240 billion) for 2020-2021, set for the Large Taxpayer Unit (LTU). Fazle Kabir, Governor, Ba...

Bangladesh courting Oman to access GCC market

Bangladesh courting Oman to access GCC market

FE REPORT 2021-09-15 10:08:34

Bangladesh has requested Oman to persuade the Gulf Cooperation Council (GCC) for providing duty-free and quota-free market access to Bangladeshi products, foreign ministry said on Tuesday. The GCC is...

Disused Sangu platform may be used as floating storage, gasification unit

Disused Sangu platform may be used as floating storage, gasification unit

M AZIZUR RAHMAN 2021-09-15 09:05:37

The government has moved to utilise the country's maiden offshore gas platform and associated pipelines of Sangu field after seven years into its abandonment. "We're now considering utilising the (...

Nepal proposes 200MW power export to Bangladesh

Nepal proposes 200MW power export to Bangladesh

FE REPORT 2021-09-15 08:38:16

Hydro-rich Nepal has proposed exporting around 200 megawatts (MW) of electricity to Bangladesh utilising the existing power-transmission infrastructure through India. The proposal was placed at the...

BGMEA seeks govt support for RMG sector to overcome pandemic challenges

BGMEA seeks govt support for RMG sector to overcome pandemic challenges

-- 2021-09-14 20:39:54

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has sought support of the government for the RMG industry to overcome the impacts of the Covid-19 pandemic and turn around. A delega...

Exports through Benapole rebound, locals and commuters face traffic chaos

Exports through Benapole rebound, locals and commuters face traffic chaos

-- 2021-09-14 17:04:39

Traffic congestion has been causing considerable woes to locals and commuters at Benapole land port, the largest land port in the country, as export pressures through the port escalated in the past tw...

Central bank wants audit of nine e-commerce businesses over scams

Central bank wants audit of nine e-commerce businesses over scams

-- 2021-09-14 15:21:19

Bangladesh Bank has sent a letter to the Ministry of Commerce asking them to appoint auditors to investigate the finances of nine e-commerce platforms that are facing allegations of financial irregu...

Walton aims to export products worth $100m in FY22

Walton aims to export products worth $100m in FY22

FE ONLINE DESK 2021-09-14 13:43:50

Bangladeshi electronic giant Walton says it aims to export US$100 million worth of 'Made in Bangladesh' labelled products to the world market in the current fiscal year (FY2021-22). The move will inc...

S Korean regulator fines Google $177m for blocking Android customisation

S Korean regulator fines Google $177m for blocking Android customisation

-- 2021-09-14 11:35:15

A South Korea's antitrust regulator has fined Alphabet's Google 207 billion won ($176.64 million) for blocking customised versions of its Android operating system (OS), in...

Surge in electric vehicle sales power lithium prices

Surge in electric vehicle sales power lithium prices

-- 2021-09-14 10:08:59

Lithium prices have jumped to their highest in more than three years thanks to an upsurge in electric vehicle sales, depleting stocks of the battery material in top consumer China. Targets to cut car...

Trade, investment summit begins on October 26

Trade, investment summit begins on October 26

FE REPORT 2021-09-14 09:25:01

Bangladesh foreign ministry will extend its all-possible support to holding the week-long 'Bangladesh Trade and Investment Summit' next month. Dhaka Chamber of Commerce and Industry (DCCI) and the...

Operators demand an increase of LPG price but consumers want reduction   

Operators demand an increase of LPG price but consumers want reduction   

-- 2021-09-13 22:12:30

Consumers rights groups stiffly opposed the operators' demand for raising the price of liquefied petroleum gas (LPG) as the energy regulator held a public hearing on price re-fixing on Monday. The ri...

Rebeca Grynspan takes over as head of UNCTAD

Rebeca Grynspan takes over as head of UNCTAD

-- 2021-09-13 19:55:35

The former vice president of Costa Rica is the first woman and Central American to serve as UNCTAD’s secretary-general. Costa Rican economist Rebeca Grynspan took up her new role as secretary-g...

Commonwealth’s existing trade policies not satisfactory, finance minister says

Commonwealth’s existing trade policies not satisfactory, finance minister says

-- 2021-09-13 19:09:49

Finance Minister AHM Mustafa Kamal has said that the existing trade-related policies and strategies of the Commonwealth are not satisfactory for its member countries. The finance minister also said t...

Commerce ministry, DCCI to host trade & investment summit on Oct 26-Nov 01

Commerce ministry, DCCI to host trade & investment summit on Oct 26-Nov 01

-- 2021-09-13 18:49:06

The Ministry of Commerce and the Dhaka Chamber of Commerce & Industry (DCCI) will jointly host a weeklong virtual international business summit titled "Bangladesh Trade & Investment Summit" fr...

PRAN-RFL ramps up plastic recycling

PRAN-RFL ramps up plastic recycling

ADNAN HOSSAIN BHUIYAN, Back from HABIGANJ 2021-09-13 08:47:35

The PRAN-RFL Group has ramped up its plastic recycling activities, aiming to reduce dependency on the import of raw materials as well as keeping the environment clean. With its three recycling plants...

Dhaka hopes to get EU's duty-free quota-free facility even after LDC graduation

Dhaka hopes to get EU's duty-free quota-free facility even after LDC graduation

FE REPORT 2021-09-13 08:43:02

Dhaka hopes that the European Union (EU) will continue providing duty-free and quota-free (DFQF) facility to its markets for Bangladeshi products even after the country graduates from the least-develo...

HSBC introduces cash flow forecasting service

HSBC introduces cash flow forecasting service

-- 2021-09-12 16:57:28

HSBC Bangladesh has recently introduced  HSBC Cash Flow Forecasting tool, a fully-integrated forecasting solution that allows businesses to generate a more accurate view of their future finances...

Rice price rises once again in Bangladesh market

Rice price rises once again in Bangladesh market

YASIR WARDAD 2021-09-12 10:06:09

Rice became dearer again across the country last week after the cereal got slightly cheaper last month when the government cut import duty on the main staple. Sources said rice prices increased acr...

El Salvador's bitcoin digital wallet beset by technical glitches

El Salvador's bitcoin digital wallet beset by technical glitches

-- 2021-09-12 09:51:02

For a fourth day in a row technical glitches have beset the Salvadoran government's Bitcoin digital wallet Chivo on Friday, a setback that could discourage residents from signing up to the app promote...

'Jab or job' choice for Shell employees?

'Jab or job' choice for Shell employees?

-- 2021-09-12 09:43:15

Royal Dutch Shell RDS-A-N +0.30 per cent increase is considering making it mandatory for workers in some operations to get COVID-19 vaccinations or risk being fired, an internal company document seen...

bKash launches integrated transaction service with Community Bank

bKash launches integrated transaction service with Community Bank

-- 2021-09-11 20:51:00

An integrated transaction service has been launched between bKash and Community Bank. Now the customers of Community Bank, including all the members of Bangladesh Police, can add money instantly to t...

Egyptair to operate regular Dhaka-Cairo flights from Nov 1

Egyptair to operate regular Dhaka-Cairo flights from Nov 1

-- 2021-09-11 18:02:26

Egyptair, the state-owned flag carrier of Egypt, has announced to launch its direct regular flights from Dhaka to Cairo from November 1, reports UNB. Speaking on the occasion at a function at a city...