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The Financial Express

Search results for: Trade

Subsidised sales of essentials thru 300 trucks begin today

Subsidised sales of essentials thru 300 trucks begin today

FE ONLINE REPORT 2021-09-04 08:23:53

Trading Corporation of Bangladesh (TCB) is set to launch open market sales (OMS) of key essential items today (Saturday) in order to keep prices within purchasing capacity of the commoners. Through O...

Alibaba to invest $15.5b for ‘common prosperity’

Alibaba to invest $15.5b for ‘common prosperity’

-- 2021-09-03 21:12:45

China's Alibaba Group will invest 100 billion yuan ($15.5 billion) by 2025 in support of ‘common prosperity’, it said, becoming the latest corporate giant to pledge support for the initiat...

US-Bangla to resume flights on Dhaka-Chennai route from Sunday

US-Bangla to resume flights on Dhaka-Chennai route from Sunday

-- 2021-09-03 21:00:39

US-Bangla Airlines will resume flights on Dhaka-Chennai-Dhaka route from Sunday maintaining all health protocols under air bubble agreement with India. The flights will leave Dhaka for Chennai at 10:...

18 Bangladeshi migrants return from Lebanon, many still stranded: IOM

18 Bangladeshi migrants return from Lebanon, many still stranded: IOM

FE ONLINE REPORT 2021-09-03 11:47:31

A group of 18 stranded Bangladeshi migrants reached Dhaka on Friday from Lebanon, while many others need assistance to return home. International Organization for Migration (IOM), in coordination wit...

Life insurers shift to pre-pandemic norms

Life insurers shift to pre-pandemic norms

-- 2021-09-03 11:23:43

The roll-out of Covid-19 vaccinations is making life insurers more enthusiastic about offering cover to those with underlying health conditions - some without even knowing whether customers have been...

Jamuna Oil signs deal with Beximco LPG

Jamuna Oil signs deal with Beximco LPG

FE REPORT 2021-09-03 09:52:12

The state-run listed firm -- Jamuna Oil Company -- has signed an agreement with Beximco LPG (Unit-1) as part of its business expansion. Under the agreement, Beximco LPG (Unit-1) will sell LPG (auto...

Patenga Container Terminal set to start operation early next year

Patenga Container Terminal set to start operation early next year

NAZIMUDDIN SHYAMOL 2021-09-03 09:44:23

Construction work of the Patenga Container Terminal (PCT) of Chittagong Port is going on in full swing, officials said. They said, more than 75 per cent work of the Tk 18.68 billion (Tk 1,868 crore)...

Prices of pulses see a sharp rise

Prices of pulses see a sharp rise

FE REPORT 2021-09-03 09:10:21

Prices of pulses increased notably in a week, adding to the woes of common people already battered by the rising prices of other essential commodities. Largely, consumed lentils, mung beans and khe...

Padma Bank seeks ‘merger’ with state lender, regulators review plea

Padma Bank seeks ‘merger’ with state lender, regulators review plea

-- 2021-09-02 22:13:04

Riddled with a series of loan scams and plagued by irregularities, Padma Bank has knocked on the door of the government to bail it out in the form of a merger with or an acquisition by a state-owned b...

Bangladesh’s first MFS-based digital savings scheme launched: IDLC

Bangladesh’s first MFS-based digital savings scheme launched: IDLC

FE ONLINE DESK 2021-09-02 18:18:05

A 'Digital Savings Scheme' has been launched to enable people including the ones previously living outside financial inclusion to enjoy term-deposit services of IDLC Finance by using their bKash accou...

Minister urges investors to set up factories for manufacturing vehicles in Bangladesh

Minister urges investors to set up factories for manufacturing vehicles in Bangladesh

-- 2021-09-02 17:57:11

Industries Minister Nurul Majid Mahmud Humayun today urged domestic and foreign investors to set up factories for manufacturing vehicles and parts in Bangladesh, reports BSS. “For industrialisa...

Mercedes-Benz teams up with SSAB to explore fossil fuel-free steel for cars

Mercedes-Benz teams up with SSAB to explore fossil fuel-free steel for cars

-- 2021-09-02 11:46:16

Swedish steelmaker SSAB said on Wednesday it had partnered with Daimler's Mercedes-Benz to introduce fossil fuel-free steel into vehicle production, with prototype parts for body shells planned f...

Amazon to hire 55,000 people in tech roles globally

Amazon to hire 55,000 people in tech roles globally

-- 2021-09-02 11:01:32

Amazon.com is planning to hire 55,000 people for corporate and technology roles globally in the coming months, Chief Executive Andy Jassy told Reuters. That’s equal to more than a third of Goog...

Eight foreign firms shortlisted for LNG land terminal construction

Eight foreign firms shortlisted for LNG land terminal construction

M AZIZUR RAHMAN 2021-09-02 09:53:09

The government has shortlisted eight global firms to select a contractor to build Bangladesh's first land-based LNG terminal at Matarbari business hub, as the country now hugely depends on the fuel to...

Bangladesh Railway has no new project in its yearly plan

Bangladesh Railway has no new project in its yearly plan

MUNIMA SULTANA 2021-09-02 09:26:48

The Bangladesh Railway (BR) has not added any new project in its yearly development plan since the beginning of Covid-19 for its failure to win approval from the authorities concerned. Sources said...

Microbuses now cheaper

Microbuses now cheaper

FE REPORT 2021-09-02 09:05:31

The import of petrol-run microbus becomes cheaper as the government reduced its supplementary duty (SD) by 10 percent to facilitate transportation. Sources in business circles said around 200 of 10...

Bangladesh government plans to stop selling unpacked soybean oil

Bangladesh government plans to stop selling unpacked soybean oil

SYFUL ISLAM 2021-09-02 08:59:12

The government is set to stop the selling of unpacked soybean oil in a bid to ensure consumers are not getting other edible oils in the name of soybean oil, officials said. Responding to the indust...

Non-banking financial institutions' loans repayment eased

Non-banking financial institutions' loans repayment eased

SIDDIQUE ISLAM 2021-09-02 08:55:12

The central bank further relaxed the repayment policy for the borrowers of outstanding loans or leases from non-banking financial institutions (NBFIs) with a greater government goal to help recovery...

Bangladesh looks to start producing Japanese Mitsubishi cars

Bangladesh looks to start producing Japanese Mitsubishi cars

TALHA BIN HABIB 2021-09-02 08:21:49

Bangladesh is looking to start producing world-renowned Japanese Mitsub-ishi cars within next few years, as the two friendly countries are working towards making the dream a reality, according to th...

Bangladesh Parjatan Corporation launches online hotel booking services

Bangladesh Parjatan Corporation launches online hotel booking services

-- 2021-09-01 20:09:00

Bangladesh Parjatan Corporation has launched online hotel-motel booking services on its website, promising the services on mobile by next one month. State Minister for Civil Aviation and Tourism Md M...

Edible oil consumption increases by 20pc in five years

Edible oil consumption increases by 20pc in five years

-- 2021-09-01 19:31:08

The per capita consumption of edible oil in Bangladesh increased by 20 per cent in the last five years to reach 18.4 kgs in 2020. Meanwhile, the overall consumption of edible oil increased by 36 per...

Samsung making waves with Galaxy Z Fold3 & Z Flip3 pre-orders

Samsung making waves with Galaxy Z Fold3 & Z Flip3 pre-orders

FE ONLINE DESK 2021-09-01 15:33:18

Samsung has literally taken the world of smartphones by storm with their new handsets – Galaxy Z Fold3 5G & Z Flip3 5G, says the phonemaker. These phones have already been made available fo...

Eurobank profitable in first half

Eurobank profitable in first half

-- 2021-09-01 11:17:43

Eurobank, one of Greece’s four largest lenders, was profitable in the first half on the back of lower provisions for impaired loans and higher commission income, after losses in the same period...

Safe recruitment for migrant workers emphasised again

Safe recruitment for migrant workers emphasised again

FE REPORT 2021-09-01 09:30:59

Speakers at a virtual consultation called for ensuring a safe, orderly and quality recruitment system for migrant workers. They also emphasised the necessity of skilled migration as well as sending...

Google delays office return until January

Google delays office return until January

-- 2021-09-01 08:59:01

Alphabet-owned Google is extending its voluntary return-to-office policy through January next year, CEO Sundar Pichai said on Tuesday, citing uncertainty caused by the Covid-19 pandemic in many parts...

Non-essential spending accounts for 50pc funds of road-widening project!

Non-essential spending accounts for 50pc funds of road-widening project!

FHM HUMAYAN KABIR 2021-09-01 08:53:03

The Roads and Highways Department (RHD) would spend more than half of the funds on some less-important works in a 47-kilometre road-widening project in Mymensingh, insiders said on Tuesday. It woul...

Call for ensuring optimum stake of SMEs in new stimulus packages

Call for ensuring optimum stake of SMEs in new stimulus packages

FE REPORT 2021-09-01 08:45:16

The share of small and medium enterprises (SMEs) in the stimulus package is still lower than optimum despite their substantial contribution to the economy, according to a webinar on Tuesday. In his...

Tk 5.2m in evaded VAT realised in Alesha raid

Tk 5.2m in evaded VAT realised in Alesha raid

FE REPORT 2021-09-01 08:39:42

An intelligence team has realised Tk 5.2 million in evaded Value- Added Tax (VAT) from upstart online shop Alesha Mart in a raid on its outlet in Dhaka's Banani, officials said. The e-commerce busi...

Central bank mounts monitoring banks' special funds for capital market investment

Central bank mounts monitoring banks' special funds for capital market investment

SIDDIQUE ISLAM 2021-09-01 08:24:30

The central bank mounted monitoring and supervision on the special fund constituted by commercial banks only for investment in the capital market, officials said, on detection of some deviations. A...

Growing automation to affect job creation in RMG sector, experts say

Growing automation to affect job creation in RMG sector, experts say

FE ONLINE DESK 2021-08-31 21:10:59

The growing use of automation in the fourth industrial revolution (4IR) era is expected to boost the country’s apparel export in future, but it would affect employment generation in this sector....