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The Financial Express

Search results for: Trade

ADB President Masatsugu Asakawa re-elected for second term

ADB President Masatsugu Asakawa re-elected for second term

FE ONLINE DESK 2021-08-31 19:08:34

Masatsugu Asakawa was re-elected as Asian Development Bank (ADB) president for the second term during an election recently. He received unanimous support for a second term from the members of ADB&rsq...

LPG prices to go up again from Sept 1

LPG prices to go up again from Sept 1

-- 2021-08-31 16:32:50

Consumers will have to pay a higher price to buy liquefied petroleum gas (LPG) as the cost of the imported gas continues to rise across the country as the energy regulator on Tuesday announced its new...

Nike giving staff mental health break

Nike giving staff mental health break

FE ONLINE DESK 2021-08-31 15:16:10

Staff at Nike's corporate headquarters in Oregon have been given a week off to support their mental health, ahead of the return to the office in September, reports the BBC. It says from t...

70pc retrenched apparel workers unemployed: Survey

70pc retrenched apparel workers unemployed: Survey

FE ONLINE REPORT 2021-08-31 14:54:53

About 70 per cent of retrenched workers have remained unemployed as Bangladesh’s apparel sector is faced with substantial challenges during the Covid-19 pandemic that disrupted production and va...

China's FX regulator surveyed banks, companies on yuan risk

China's FX regulator surveyed banks, companies on yuan risk

-- 2021-08-31 11:15:03

China's currency regulator has been conducting a rare survey of banks and companies to ask about their risk management processes and ability to handle volatility in the yuan, three banking and policy...

Over 130 microfinance institutions lose licence to operate

Over 130 microfinance institutions lose licence to operate

FE REPORT 2021-08-31 09:01:50

More than 130 micro-finance institutions (MFIs) have faced the axe from the Microcredit Regulatory Authority (MRA) for breaching relevant rules and regulations. The MRA has taken such punitive acti...

Digital Commerce Expo-2021 set to begin Oct 31

Digital Commerce Expo-2021 set to begin Oct 31

FE REPORT 2021-08-31 08:50:16

A three-day International Digital Commerce Expo-2021 is expected to begin October 31 in a bid to enhance the export market and create the demand for the country's products in the global market, offi...

Successful manpower recruiters to be made CIPs

Successful manpower recruiters to be made CIPs

FE REPORT 2021-08-31 08:29:51

Successful manpower recruiters from now on will enjoy Commercially Important Person (CIP) status for outstanding contribution to overseas employment-the second-largest foreign-currency earner for Ba...

64 types of commodities will be rapidly released from ports to steady supply chain

64 types of commodities will be rapidly released from ports to steady supply chain

FE REPORT 2021-08-31 08:17:14

Some 64 types of import and export goods, including a slew of edible items, will get a speedy release from ports under a maiden decree meant for the steadying supply chain. Bangladesh customs has lis...

428 companies get permission to import 1.72m tonnes of rice within October

428 companies get permission to import 1.72m tonnes of rice within October

FE ONLINE REPORT 2021-08-30 18:31:45

The government has allowed 428 business organisations to import 1.72 million tonnes of rice within October this year aiming quick supply of the staple to ease domestic price. On Monday, the last day...

‘IMF wants work closely for betterment of RMG sector'

‘IMF wants work closely for betterment of RMG sector'

FE ONLINE REPORT 2021-08-30 16:51:14

International Monetary Fund (IMF) wants to work closely for the betterment of the readymade garment (RMG) sector of Bangladesh. IMF’s Resident Representative (Asia and Pacific Department) Jayen...

Export-Import through Benapole land port suspended

Export-Import through Benapole land port suspended

-- 2021-08-30 16:37:21

Export-import activities between Bangladesh and India through Benapole land port remained suspended since Monday morning due to Janmashtami holiday in India. However, the passengers with passports ar...

ACI Motors to work on popularising agri-mechanisation among youth

ACI Motors to work on popularising agri-mechanisation among youth

FE ONLINE DESK 2021-08-30 14:39:06

The Appropriate Scale Mechanization Innovation Hub (ASMIH) -Bangladesh project is funded by the United States Feed the Future Program and USAID, and the project is running with the technical assistanc...

Emirates extends booking waiver for travel through 31 May 2022

Emirates extends booking waiver for travel through 31 May 2022

FE ONLINE DESK 2021-08-30 13:58:19

Emirates airline has extended its booking waiver for travel through 31 May 2022 to provide its own customers peace of mind.  Customers now can book with confidence knowing they are fully support...

OPEC+ could reconsider oil output increase

OPEC+ could reconsider oil output increase

-- 2021-08-30 10:16:25

The increase in oil production agreed last month by the OPEC + nations could be reconsidered at their next meeting on Sept 1, Kuwait’s oil minister said on Sunday, Reuters reports. The Organiza...

Bharat Biotech scouts international Covid-19 vaccine partners

Bharat Biotech scouts international Covid-19 vaccine partners

-- 2021-08-30 10:14:48

Indian vaccine maker Bharat Biotech is seeking international manufacturing partners as it targets a billion doses of its COVID-19 vaccine each year, the company said on Sunday. COVAXIN, the company's...

Dubai's Limitless set to agree third debt restructuring deal

Dubai's Limitless set to agree third debt restructuring deal

-- 2021-08-30 09:58:20

Dubai state-owned property developer Limitless is set to reach an agreement with creditors over some $760 million of troubled debt, documents seen by Reuters showed - its third restructuring in a deca...

Investors can gain membership, open bank accounts online

Investors can gain membership, open bank accounts online

FE REPORT 2021-08-30 08:58:42

Investors will get the scope to obtain membership of trade bodies and open bank accounts online soon using the virtual One-Stop Service (OSS) run by an investment-promotion agency in the country. T...

Para-tariff barriers blight trade benefits from SAFTA deal

Para-tariff barriers blight trade benefits from SAFTA deal

FE REPORT 2021-08-30 08:54:31

Traders cannot reap full benefit of concessionary duty under SAFTA for para-tariff barriers in the form of other taxes that also impede trade expansion, according to views coming from a review of Ba...

Dhaka to back LDCs' enhanced facilities under UK GSP scheme

Dhaka to back LDCs' enhanced facilities under UK GSP scheme

SYFUL ISLAM 2021-08-30 08:37:08

As the United Kingdom (UK) is introducing a new Generalised System of Preferences (GSP) scheme next year, Bangladesh will advocate enhanced facilities for the least developed countries (LDCs), being a...

Bangladesh Bank blocks advance e-commerce payments thru banks

Bangladesh Bank blocks advance e-commerce payments thru banks

FE REPORT 2021-08-30 08:25:16

The central bank of Bangladesh Sunday directed banks not to receive advance payments for digital-commerce entities against goods and services ordered by end-use customers, post-facto some reported s...

Bangladesh's apparel makers dispute International Accord launch

Bangladesh's apparel makers dispute International Accord launch

FE REPORT 2021-08-30 08:21:45

Local apparel makers have refused to accept the recently-announced International Accord signed by major global clothing brands and unions. Terming implementation of the proposed International Accord...

New worker safety accord 'misleading', BGMEA says

New worker safety accord 'misleading', BGMEA says

-- 2021-08-29 20:32:14

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said the claim that RMG Sustainability Council’s (RSC) is implementing the new worker safety accord is ‘misleading&rs...

Emphasis on service sector’s involvement to attract British investment

Emphasis on service sector’s involvement to attract British investment

FE ONLINE REPORT 2021-08-29 19:10:48

The service sector in Bangladesh can be an emerging area for attracting British investment, viewed speakers at a webinar on Sunday. Dhaka Chamber of Commerce & Industry (DCCI) organised the virtu...

A kind-hearted entrepreneur, a true leader: Anwar Hossain commemorated at DCCI condolence meeting

A kind-hearted entrepreneur, a true leader: Anwar Hossain commemorated at DCCI condolence meeting

FE ONLINE REPORT 2021-08-29 17:45:15

Friends, family members, business leaders and a former minister joined a DCCI programme remembering late entrepreneur Anwar Hossain for setting trends for setting up industries in Bangladesh. An hone...

Formal test run of metro rail kicks off

Formal test run of metro rail kicks off

FE ONLINE REPORT 2021-08-29 12:59:50

Authorities on Sunday conducted the formal test run of the country's first metro-rail on viaduct from Uttara to Pallabi station. Road Transport and Bridges Minister Obaidul Quader, as the chief guest...

Toyota halts all self-driving e-Palette vehicles

Toyota halts all self-driving e-Palette vehicles

-- 2021-08-29 10:14:33

Toyota Motor said on Friday it had suspended all self-driving e-Palette transportation pods at the Tokyo Paralympic Games village, a day after one of the vehicles collided with and injured a visually...

An ideal industrialist ‘who inspired young leadership’

An ideal industrialist ‘who inspired young leadership’

FE REPORT 2021-08-29 09:43:27

Business leaders, friends, family members and well-wishers on Saturday lauded the late industrialist Anwar Hossain for his unparalleled contribution to economy through multiple business endeavours....

Prices of toiletries, homecare items rise in Bangladesh market

Prices of toiletries, homecare items rise in Bangladesh market

YASIR WARDAD 2021-08-29 09:39:08

Prices of toiletries and other homecare products shot up in the local market in the last three weeks, which is hurting consumers, as demand and necessity for such hygiene-related items increased notab...

GFF to invest $10m in RMG factories

GFF to invest $10m in RMG factories

FE REPORT 2021-08-29 09:30:46

Global Fashion Fund (GFF) will initially invest US$10 million to finance local readymade garment (RMG) factories, especially small and medium enterprises (SMEs), to ensure sustainable production. To...