Loading...
The Financial Express

Search results for: Trade

Haier's new AC hits market

Haier's new AC hits market

-- 2021-09-11 17:03:21

Haier has launched a new AC with self-clean Anti-Bacterial washing technology. Everyone is now worried about additional technicians entering the office or home to repair or clean the AC due to Covid-...

SUNMI appoints Saniul Zadid as overseas sales manager in Bangladesh

SUNMI appoints Saniul Zadid as overseas sales manager in Bangladesh

-- 2021-09-11 17:02:06

SUNMI has appointed Md. Saniul Zadid as its Overseas Sales Manager in Bangladesh. He will work for SUNMI’s operations in Bangladesh, the Middle East, and the Africa Pacific, according to a pres...

EBL concludes first SOFR-based deal with Wells Fargo

EBL concludes first SOFR-based deal with Wells Fargo

FE ONLINE DESK 2021-09-11 12:51:23

Eastern Bank Limited (EBL) has recently taken a SOFR-based trade loan from Wells Fargo Bank. This is the first SOFR-based transaction in the Bangladesh market for the lender. Under the deal, Wells Fa...

Recruiting agencies show reluctance to register manpower intermediaries

Recruiting agencies show reluctance to register manpower intermediaries

ARAFAT ARA 2021-09-11 08:48:28

A government move for registration of intermediaries all but failed to make headway as most recruiting agencies were reluctant to submit data of their respective manpower agents. According to offic...

Sugar still sells above officially fixed rates

Sugar still sells above officially fixed rates

YASIR WARDAD 2021-09-11 08:45:15

The sugar prices are still much higher on the retail market, even though the government fixed the maximum retail price (MRP) of the essential on Thursday to control the rocketing trend of the commod...

Gone are eventful days of event managers

Gone are eventful days of event managers

SAIF UDDIN   2021-09-11 08:21:38

Musicals, photo shootings, buzzing of attendees dressed in their best and serving luscious dishes -- this used to be the ambiance of their business. Gone are the eventful days of event managers. My...

Ford to stop car production in India

Ford to stop car production in India

-- 2021-09-10 17:33:07

Ford Motor Co will stop making cars in India and take a hit of about $2 billion because it does not see a path to profitability in the country, becoming the latest automaker to leave the major growth...

Land-acquisition cost for Dhaka-Sylhet 4-lane highway project doubles

Land-acquisition cost for Dhaka-Sylhet 4-lane highway project doubles

FHM HUMAYAN KABIR 2021-09-10 11:48:08

Land-acquisition cost for Dhaka-Sylhet 4-lane highway project has been doubled over initial estimation through 'engineering' its design, insiders said. A sort of foot dragging was alleged, thus resul...

Chevron, Gevo join hands to invest in sustainable aviation fuel

Chevron, Gevo join hands to invest in sustainable aviation fuel

-- 2021-09-10 11:01:33

US oil major Chevron Corp and renewable energy firm Gevo Inc will jointly invest in building and operating one or more facilities that would process corn to produce sustainable aviation fuel, the comp...

DCCI president seeks relocation of Korean sunset industries

DCCI president seeks relocation of Korean sunset industries

FE REPORT 2021-09-10 10:59:05

South Korean Ambassador to Bangladesh Lee Jang-Keun held a meeting with Dhaka Chamber of Commerce and Industry (DCCI) President Rizwan Rahman at the DCCI office in the city's Motijheel area on Thurs...

Commodity prices soar in city markets

Commodity prices soar in city markets

YASIR WARDAD 2021-09-10 10:56:52

Many of the key essential commodities witnessed a further hike last week, making consumers dig deeper into their pockets just to stay afloat. Chicken, meat, fish, pulses, edible oil, sugar, egg and...

Amazon to fund college tuition for frontline employees

Amazon to fund college tuition for frontline employees

-- 2021-09-10 10:56:20

Amazon.com Inc will fully fund college tuition for over 750,000 of its frontline employees, the e-commerce giant said on Thursday, stepping up its efforts to attract and retain workers in a tight dome...

'Bitcoin is barter, not money'

'Bitcoin is barter, not money'

-- 2021-09-10 10:50:55

Bitcoin is more like a means of barter than "evolved" fiat money, Mexico's central back chief said on Thursday, calling it a high-risk investment and a poor store of value, Reuters reports. Bank of M...

Facebook unveils its first smart glasses

Facebook unveils its first smart glasses

-- 2021-09-10 10:26:02

Facebook Inc (FB.O) launched its first smart glasses on Thursday in a step toward its aim of offering true augmented-reality spectacles, Reuters reports. The glasses, which were created in partnershi...

Tea industry striving for surplus to export

Tea industry striving for surplus to export

Mir Mostafizur Rahaman 2021-09-10 09:50:08

Amid an unimpeachable surge in consumption over the decades, Bangladesh's 170-year-old tea industry bearing a British-era myth now fights a heroic battle to generate surplus for exports. The agro-i...

Dhaka-Gazipur bus corridor opens in December next year

Dhaka-Gazipur bus corridor opens in December next year

FE REPORT 2021-09-10 09:36:38

The government has finally declared the launch of the country's first dedicated Gazipur-Airport bus corridor, Bus Rapid Transit (BRT), in December 2022. Once opened, the mass transit service would re...

Govt sets sugar prices to keep market stable

Govt sets sugar prices to keep market stable

FE ONLINE REPORT   2021-09-09 13:27:33

The government has fixed the prices of sugar to contain the soaring prices of such sweetener in the market. The price of packed sugar has been fixed at Tk 75 per kg. Besides, the price of loose...

Dollar gains as yields hold near recent highs

Dollar gains as yields hold near recent highs

-- 2021-09-09 11:25:09

The dollar hit a one-week high against peers on Wednesday as US Treasury yields held near the upper end of their recent range and as the euro weakened a day ahead of a European Central Bank policy dec...

Waiver from VAT on rubber products sought in view of low price

Waiver from VAT on rubber products sought in view of low price

FE REPORT 2021-09-09 10:44:11

Bangladesh Rubber Board (BRB) sought withdrawal of 15 per cent VAT (Value Added Tax) on privately-owned rubber products as the sector had been grappling with lower prices. It also requested the autho...

Institutional quarantine for returnees from India withdrawn

Institutional quarantine for returnees from India withdrawn

OUR CORRESPONDENT 2021-09-09 10:24:19

The Department of Health has withdrawn the mandatory institutional quarantine for Bangladeshis returning from India. However, the 14-day home quarantine is mandatory for the returnees from India with...

Dhaka's Fu-Wang Club sued for alleged tax evasion

Dhaka's Fu-Wang Club sued for alleged tax evasion

FE REPORT 2021-09-09 10:11:57

Dhaka's Fu-Wang Club has been charged with VAT evasion of more than Tk 410 million. A VAT intelligence team detected the dodge and sued Fu-Wang Bowling and Services Ltd that offers bar, pool, billiar...

Amazon developing new point-of-sale system to attract small businesses

Amazon developing new point-of-sale system to attract small businesses

-- 2021-09-09 10:06:09

Amazon.com Inc is working on a new type of point-of-sale system that can be sold to third-party sellers, Insider reported on Wednesday. The new system can handle both online and offline transact...

Auditors asked to ensure single financial statement of every company

Auditors asked to ensure single financial statement of every company

FE REPORT 2021-09-09 09:33:59

Commerce Secretary Tapan Kanti Ghosh has drawn the attention of the country's auditors to ensure one financial statement against a company, in order to bring transparency into the financial statements...

Dividends, fees of government-owned entities increase 130pc

Dividends, fees of government-owned entities increase 130pc

JASIM UDDIN HAROON 2021-09-09 09:17:34

Non-tax revenue (NTR), the second-biggest source of government revenues, saw a quantum leap in the past fiscal year following a reform conducted for enhancing resources from state-owned enterprises, s...

‘Separate financial statements create hindrance in realising revenues’

‘Separate financial statements create hindrance in realising revenues’

-- 2021-09-08 20:23:18

Commerce Secretary Tapan Kanti Ghosh has urged the auditors to prepare a single financial statement for a company to bring transparency and to help the government in realising revenues. The commerce...

Bangladesh can benefit from Dutch expertise in farm tech, DCCI president says

Bangladesh can benefit from Dutch expertise in farm tech, DCCI president says

FE ONLINE DESK 2021-09-08 18:03:00

Dhaka Chamber of Commerce and Industry (DCCI) President Rizwan Rahman has said Bangladeshi entrepreneurs can be benefitted by adopting the agrotechnical expertise of the Netherlands as it is strong en...

Pubali Bank closes $52m syndicated loan facility with Bank Muscat

Pubali Bank closes $52m syndicated loan facility with Bank Muscat

FE ONLINE DESK 2021-09-08 12:13:39

Pubali Bank has announced the closing of a US$ 52 million syndicated loan facility, which was arranged by Bank Muscat (Sultanate of Oman) as the sole mandated lead arranger and book-runner. The trans...

Airbus maintains lead over Boeing in deliveries, but lags on orders

Airbus maintains lead over Boeing in deliveries, but lags on orders

-- 2021-09-08 11:15:12

Airbus delivered 40 jets in August to bring supplies of its new jets to 384 since the start of the year, remaining broadly on course to meet an annual goal of 600 deliveries that would preserve its cr...

World's biggest banks plot back-to-office plans as vaccines roll out

World's biggest banks plot back-to-office plans as vaccines roll out

-- 2021-09-08 11:11:08

The biggest banks in the world plan to reopen their offices, emboldened by aggressive vaccination drives and falling COVID-19 cases in major financial hubs, after sending most employees home early las...

Major cryptocurrency exchanges face delays

Major cryptocurrency exchanges face delays

-- 2021-09-08 10:41:18

Major cryptocurrency exchanges Coinbase Global and Kraken said on Tuesday they were facing delays in some transactions on their platforms, reports Reuters. Gemini said it was temporarily entering a f...