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The Financial Express

Search results for: Trade

Bangladesh to raise commodity supply by 55pc for making market interventions

Bangladesh to raise commodity supply by 55pc for making market interventions

REZAUL KARIM 2021-08-29 09:21:25

The government will procure more than 0.273 million tonnes of key essential commodities for the current fiscal year (FY) as part of a market intervention strategy to keep prices in the local market...

Samsung outlet opens in Dhaka city

Samsung outlet opens in Dhaka city

FE DESK REPORT 2021-08-29 09:00:14

Salahuddin Alamgir (CIP), Managing Director of Excel Telecom and Chairman of Labib Group, and Hwansung Woo, Managing Director of Samsung Bangladesh, inaugurating the outlet in the city’s Malib...

Speakers for proper plan on future power tariff to help investors

Speakers for proper plan on future power tariff to help investors

FE ONLINE REPORT 2021-08-28 21:07:33

Speakers on Saturday stressed long-term planning over a stable tariff structure for both electricity and naturals gas to help investors plan potential and investment plans. Otherwise, the country&rsq...

29pc businesses asked to pay bribes for pandemic aid, SANEM says

29pc businesses asked to pay bribes for pandemic aid, SANEM says

FE ONLINE DESK 2021-08-28 17:19:16

The South Asian Network on Economic Modelling (SANEM) has said in a survey that twenty-nine per cent of businesses were asked to pay bribes in order to receive the assistance the government provided t...

BGMEA teams up with Good Fashion Fund to finance SMEs

BGMEA teams up with Good Fashion Fund to finance SMEs

FE ONLINE REPORT 2021-08-28 12:28:19

The country's apparel apex body, BGMEA, has teamed up with Good Fashion Fund (GFF) to finance small and medium enterprises (SMEs) in environmental sustainability. The GFF will provide long term loan...

Oil posts biggest weekly gains in over a year

Oil posts biggest weekly gains in over a year

-- 2021-08-28 11:12:37

Oil prices rose 2 per cent on Friday, posting their biggest weekly gains in over a year, as energy firms began shutting US production in the Gulf of Mexico ahead of a major hurricane expected to hit e...

Bid for redoing railway's Akhaura-Sylhet corridor upgrading project

Bid for redoing railway's Akhaura-Sylhet corridor upgrading project

MUNIMA SULTANA 2021-08-28 10:58:43

A donor-financed project for converting Akhaura-Sylhet railway corridor, which also connects Dhaka and Chattogram, to dual-gauge track has long been laid off and a bid is now underway to redo it. Off...

Agro-processors' bid for stimulus rejected

Agro-processors' bid for stimulus rejected

REZAUL KARIM 2021-08-28 10:24:18

The government has turned down the Bangladesh Agro-Processors' Association (BAPA)'s proposal for providing cash incentive for the export of fragrant rice. The BAPA in a recent letter to commerce mini...

Leather traders sold Tk 200m rawhides in Chitttogram during Eid

Leather traders sold Tk 200m rawhides in Chitttogram during Eid

Nazimuddin Shyamol 2021-08-28 10:12:56

CHATTOGRAM: Owners of leather storages or godowns in the port city sold rawhides worth around Tk 200 million (Tk 20 crore) during and after Eid-ul-Azha this year, celebrated on July 21. Sources said...

Export General Manifest module installed at depots to prevent money laundering

Export General Manifest module installed at depots to prevent money laundering

SYFUL ISLAM 2021-08-28 09:46:29

Trying to bring transparency and accountability in Bangladesh's external trade, government's revenue authority is setting Export General Manifest (EGM) module as decoy in 17 private inland container d...

184 industrial establishments get BIDA registration in three months

184 industrial establishments get BIDA registration in three months

-- 2021-08-27 19:14:15

A total of 184 industrial establishments got registered with the Bangladesh Investment Development Authority (BIDA) in three months, from April to June this year. The total amount of the proposed inv...

Businesses not to get trade licences without ensuring fire safety, DNCC mayor says

Businesses not to get trade licences without ensuring fire safety, DNCC mayor says

-- 2021-08-27 16:08:09

Dhaka North City Corporation (DNCC) Mayor Atiqul Islam has said the corporation will not issue or renew trade licences if businesses do not ensure fire safety. Speaking at a seminar on fire safety on...

Jamuna yet to make final Evaly investment decision

Jamuna yet to make final Evaly investment decision

FE ONLINE REPORT 2021-08-27 14:51:32

Jamuna Group, one of the leading industrial conglomerates in the country, has not yet decided as to whether it will invest in Evaly, a beleaguered e-commerce platform. Mohammed Alamgir Alam, director...

Safe-haven demand buoys gold

Safe-haven demand buoys gold

-- 2021-08-27 12:42:47

Gold prices rose on Friday as an increasingly deteriorating security situation in Afghanistan spurred safe-haven demand, though investors were largely focused on Fed chief Jerome Powell's speech for g...

German publisher Axel Springer to acquire US news site Politico for over $1.0b

German publisher Axel Springer to acquire US news site Politico for over $1.0b

-- 2021-08-27 11:49:10

Axel Springer will acquire Politico in a deal that valued the US political news website at over $1 billion, according to a source familiar with the matter. The companies announced the deal on Thursda...

BGMEA looks to easier trade thru land ports

BGMEA looks to easier trade thru land ports

FE REPORT 2021-08-27 09:16:32

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Thursday called on the Indian high commissioner to expedite and facilitate trade through the land ports, including Benapole, in or...

Financial Intelligence Unit seeks bank A/C info of Evaly chairman, CEO

Financial Intelligence Unit seeks bank A/C info of Evaly chairman, CEO

FE REPORT 2021-08-27 09:14:20

Information on bank accounts of the Evaly along with its chairman and chief executive officer (CEO) has been sought from all banks, officials said. The Bangladesh Financial Intelligence Unit (BFIU),...

Sugar, onion still getting pricier

Sugar, onion still getting pricier

FE REPORT 2021-08-27 09:03:57

Sugar, onion, and chicken became pricier last week, augmenting the woes of consumers further. Prices of sugar witnessed a gradual hike for the last two weeks, reaching Tk 80-84 a kg on Thursday. L...

Thrust on special reintegration loan of Probashi Kallyan Bank

Thrust on special reintegration loan of Probashi Kallyan Bank

FE REPORT 2021-08-27 08:58:59

Speakers during a virtual dissemination workshop on Thursday highlighted the need for disbursing special reintegration loan of the Probashi Kallyan Bank (PKB) and market-oriented business models. T...

Bangladesh ditches spot LNG buy, reverts to term deals

Bangladesh ditches spot LNG buy, reverts to term deals

M AZIZUR RAHMAN 2021-08-27 08:16:27

The government decides not to import costlier LNG from spot market anymore in a change of heart after importing over a dozen cargoes until August, as open-market gas pricing is getting volatile. Alle...

Smaller apparel units to face tougher battle to survive

Smaller apparel units to face tougher battle to survive

MONIRA MUNNI 2021-08-27 08:07:49

The big apparel brands have consolidated their sourcing strategy due to the Covid-19 pandemic, concentrating more on the large suppliers, according to two latest reports. The reports as well as local...

Evaly owes Tk 3.11b to customers, says company

Evaly owes Tk 3.11b to customers, says company

FE REPORT 2021-08-27 08:00:28

The e-commerce platform now under official probe for alleged fraud, Evaly owes about Tk 3.11 billion to its customers until July 15, 2021, according to the company. It has more than 200,000 customers...

Banglalink CEO Erik becomes AMTOB president

Banglalink CEO Erik becomes AMTOB president

-- 2021-08-26 22:54:45

The Association of Mobile Telecom Operators of Bangladesh (AMTOB) has picked Banglalink Chief Executive Officer (CEO) Erik Aas as its president until March next year. The association's virtual board...

BGMEA for expediting trade with India through land ports  

BGMEA for expediting trade with India through land ports  

FE ONLINE REPORT 2021-08-26 19:45:59

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Thursday called on Indian  High  Commissioner to expedite and facilitate trade through the land ports, including  B...

Experts want competitive bidding over LNG import

Experts want competitive bidding over LNG import

-- 2021-08-26 19:03:55

International suppliers are offering long-term deals with Bangladesh to meet its soaring demand for liquefied natural gas (LNG), while energy experts and consumer rights groups want the government to...

Incepta hands over Tk45.9m to Bangladesh Labour Welfare Foundation

Incepta hands over Tk45.9m to Bangladesh Labour Welfare Foundation

FE ONLINE DESK 2021-08-26 18:45:01

Incepta Pharmaceuticals handed over a cheque of Tk 45.90 million from it's profit to `Bangladesh Labour Welfare Foundation' for the welfare of institutional and non-institutional labours of the countr...

BGMEA opens PR and Media Lounge for journalists

BGMEA opens PR and Media Lounge for journalists

-- 2021-08-26 18:10:07

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has set up a PR and Media Lounge for journalists covering the readymade garment industry of Bangladesh. BGMEA President Faruque Hass...

Emirates boosts services across Europe

Emirates boosts services across Europe

FE ONLINE DESK 2021-08-26 15:10:44

Emirates is scaling up services with additional route resumptions and more flights across its European network, responding to the easing of international entry protocols and an upsurge in passenger de...

Barclays Bank to invest more than $400 million to expand India operations

Barclays Bank to invest more than $400 million to expand India operations

-- 2021-08-26 13:56:42

Barclays will invest more than 30 billion rupees ($403.99 million) in its India unit to expand operations, the British lender said on Thursday. With the investment, Barclays Bank PLC India's total in...

Xiaomi revenue surges 64pc

Xiaomi revenue surges 64pc

-- 2021-08-26 11:09:27

Smartphone maker Xiaomi Corp's second-quarter revenue rose a record 64 per cent from a year earlier, it said on Wednesday, announcing the purchase of an autonomous driving startup as it prepares to ex...