Loading...
The Financial Express

Search results for: Trade

BKMEA election for 2021-2 term on Nov 12

BKMEA election for 2021-2 term on Nov 12

FE ONLINE REPORT 2021-08-17 21:29:26

The biennial election of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) for 2021-23 term will be held on November 12, according to the schedule announced by the trade body&rsq...

Number of fully online bank branches goes up by 12pc in FY21

Number of fully online bank branches goes up by 12pc in FY21

FE Online Report 2021-08-17 18:57:44

Branches of the country’s different banks having full-fledged online facilities increased by 12 per cent in the last fiscal year (FY21). Statistics available with Bangladesh Bank showed that th...

BRAC provides aid to 500 flood-hit families

BRAC provides aid to 500 flood-hit families

-- 2021-08-17 17:37:56

BRAC, one of the largest NGOs in the world, provided assistance to some 500 poor families affected by flash floods in Cox’s Bazar district recently.    A total of 235 families at Jali...

Yamaha Riders Club conducts awareness campaign on Covid-19, dengue

Yamaha Riders Club conducts awareness campaign on Covid-19, dengue

FE ONLINE DESK 2021-08-17 15:30:51

Marking the International Youth Day, Yamaha Riders Club on August 12 arranged an event to create awareness among the people about wearing masks and taking vaccines in the fight against coronavirus. T...

Govt extends rice procurement drive by two weeks

Govt extends rice procurement drive by two weeks

FE ONLINE REPORT 2021-08-17 15:21:57

The government has extended time for the Boro procurement drive by two weeks to August 31 aiming to attain its target shortfall. The countrywide grain purchase drive during Boro season by the Direc...

Emirates ramps up operations as travel curbs continue to ease

Emirates ramps up operations as travel curbs continue to ease

FE Online Desk 2021-08-17 13:00:16

Emirates is actively responding to the spike in travel demand across its network through the scaling up of its operations as the UAE announced easing entry protocols for 12 countries including Banglad...

Call for allowing yarn import as global demand rises

Call for allowing yarn import as global demand rises

MONIRA MUNNI 2021-08-17 09:08:08

Terry towel and home textile makers pressed the government for allowing import of yarn to help the industry grow further and grab the rising global demand amid the Covid-19 pandemic. The country al...

Overmanned FBCCI seeks to slash number of directors

Overmanned FBCCI seeks to slash number of directors

SYFUL ISLAM 2021-08-17 08:19:35

The country's apex trade body, FBCCI, is heavily burdened with its large-sized leadership and the present board finds it a 'problem' while making coordination and taking decisions. The present board...

Bangladeshi entities alerted about risks of Iran trade loans

Bangladeshi entities alerted about risks of Iran trade loans

REZAUL KARIM 2021-08-17 08:15:48

Bangladesh's central bank has stressed exercising caution about receiving loan from Iranian companies to avert possible external restrictions, especially US sanctions or fines stemming from their bila...

Merchant bankers want undoing BB order to submit daily reports on money market transactions

Merchant bankers want undoing BB order to submit daily reports on money market transactions

FE REPORT 2021-08-17 08:11:46

Merchant bankers urged Bangladesh Bank to allow submission of reports regarding money-market transactions monthly instead of daily for the sake of the country's bourses. Central bank officials, meanw...

Dhaka seeks to borrow $500m from AIIB for defraying urgent vaccine buy

Dhaka seeks to borrow $500m from AIIB for defraying urgent vaccine buy

FHM HUMAYAN KABIR 2021-08-17 08:06:59

Dhaka has sought US$500 million worth of funds from the Asian Infrastructure Investment Bank (AIIB) for defraying the buy of COVID-19 vaccine, officials said Monday, as Bangladesh grapples with the vi...

Modhumoti Bank inks deal with Backdoor for securing its network

Modhumoti Bank inks deal with Backdoor for securing its network

FE Online Report 2021-08-16 21:07:15

Modhumoti Bank and Backdoor Private Ltd signed a deal today (Monday) for securing the bank’s network by thwarting potential threats and attempts of hacking. Managing Director and CEO of Modhumo...

RAKUB to disburse Tk 30 billion agri-loan in NW region

RAKUB to disburse Tk 30 billion agri-loan in NW region

BSS 2021-08-16 11:12:55

Rajshahi Krishi Unnayan Bank (RAKUB) has set a target of disbursing agricultural loans of Tk 30 billion in the country’s northwest (NW) region during the current 2021-2022 fiscal year to help in...

BGMEA seeks to use all land customs stations

BGMEA seeks to use all land customs stations

FE REPORT 2021-08-16 10:51:54

Local apparel makers have urged the government to allow import of raw materials under bonded facilities through all the land customs stations (LCSs). It is expected to help reduce pressure on a singl...

Rice prices fall slightly at mill gates after duty cut

Rice prices fall slightly at mill gates after duty cut

Yasir Wardad 2021-08-16 08:39:18

The prices of some finer and medium rice varieties dropped slightly at mill gates in a couple of days which traders attributed to a recent duty cut on its import for the private sector. Traders sai...

Commerce Minister urges NRBs to invest in Bangladesh

Commerce Minister urges NRBs to invest in Bangladesh

FE REPORT 2021-08-15 10:01:17

Commerce Minister Tipu Munshi urged non-resident Bangladeshis (NRBs) to invest in Bangladesh, and thus contribute to the development process of the country. The minister said Bangladeshis residing in...

Bangladesh's RMG export to Chile, China, Brazil falls sharply

Bangladesh's RMG export to Chile, China, Brazil falls sharply

MONIRA MUNNI 2021-08-15 09:49:09

Readymade garment (RMG) exports to three non-traditional markets of Chile, China, and Brazil declined sharply during the last two fiscal years (FYs) amid the Covid-19 pandemic. The apparel exports...

Experts at DCCI webinar call for easing regulations to foster e-commerce

Experts at DCCI webinar call for easing regulations to foster e-commerce

FE REPORT 2021-08-15 08:46:21

Full automation, easy regulations, access to finance, inter-ministerial coordination, easy tax structure and cross-border digital trade are key to fostering e-commerce ecosystem in Bangladesh, speaker...

Apparel trade body urges revenue board to revert to port cargo delivery

Apparel trade body urges revenue board to revert to port cargo delivery

JASIM UDDIN HAROON 2021-08-15 08:42:21

Bangladesh's biggest export- earners --- apparel makers-are opposing delivery of imported cargoes from private depots instead of Chittagong Port as they find it "expensive and time-consuming". The Na...

After criticism, Apple to only seek abuse images flagged in multiple nations

After criticism, Apple to only seek abuse images flagged in multiple nations

REUTERS 2021-08-14 17:33:55

After a week of criticism over its planned new system for detecting images of child sex abuse, Apple Inc said on Friday that it will hunt only for pictures that have been flagged by clearinghouses in...

Millers, wholesalers blame each other for rice price hike

Millers, wholesalers blame each other for rice price hike

-- 2021-08-14 17:08:17

Wholesalers in Dhaka and millers in the countryside are blaming each other for a hike in prices of rice in the capital amid a bumper production while a government official says a rise in paddy prices...

Dhaka weighs export and security implications for transshipment through India's Mizoram

Dhaka weighs export and security implications for transshipment through India's Mizoram

SYFUL ISLAM 2021-08-14 11:03:13

Dhaka will weigh through a feasibility study possible impacts on Bangladesh's export to the neighbour before moving forward on New Delhi's proposal to construct a bridge over Thega River mainly for tr...

Amazon's palm print recognition sparks concern among US senators

Amazon's palm print recognition sparks concern among US senators

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

Three US senators, including Democrat Amy Klobuchar who chairs the Senate Judiciary Committee's antitrust panel, wrote a letter to Amazon.com Inc to express concern about its palm print recognition sy...

Traders seek permission to export hilsa to India

Traders seek permission to export hilsa to India

REZAUL KARIM 2021-08-14 08:39:19

A good number of traders have sought permission to export hilsa fish to neighbouring India ahead of Durga Puja, the biggest religious festival of the Hindu community. Usually, there remains a highe...

Bangladesh's spice import falls as pandemic saps hospitality demand

Bangladesh's spice import falls as pandemic saps hospitality demand

JASIM UDDIN HAROON 2021-08-14 08:32:49

Spice import plummeted as demand for the cooking ingredients shrank amid corona prohibition on international and internal tours and hospitality as well as consumption restraint. The import volume of...

Pfizer, Moderna to reap billions of dollars from COVID-19 booster shots

Pfizer, Moderna to reap billions of dollars from COVID-19 booster shots

-- 2021-08-13 17:52:49

Drugmakers Pfizer Inc, BioNTech and Moderna Inc are expected to reap billions of dollars from COVID-19 booster shots in a market that could rival the $6 billion in annual sales for flu vaccines for ye...

Samsung's Jay Y Lee released from jail

Samsung's Jay Y Lee released from jail

Reuters 2021-08-13 10:26:49

Samsung Electronics Vice Chairman Jay Y Lee, convicted of bribery and embezzlement, was released on parole on Friday, with hopes high at the tech giant that he will also soon be allowed to work a...

Rubber farmers facing hardships

Rubber farmers facing hardships

FE REPORT 2021-08-13 10:08:54

Rubber farmers are facing a hard time due to lower market prices of their produces. The price of locally produced rubber keeps plummeting and shows a trend of fluctuating often as well, said industry...

Hilsa delicacy still pricey in peak season

Hilsa delicacy still pricey in peak season

YASIR WARDAD 2021-08-13 09:55:32

Prices of Hilsa fish, the national delicacy, increased in the city kitchen markets even during this peak fishing season. Medium- to big-sized Hilsa was selling at Tk 950-1,600 a kg in the city retail...

Gazprom gets notification of award to drill three Bhola wells

Gazprom gets notification of award to drill three Bhola wells

M AZIZUR RAHMAN 2021-08-13 09:36:17

Russian energy giant Gazprom has obtained a notification of award (NoA) to carry out the drilling of three more onshore gas wells at Bhola island. "We issued an NoA to Gazprom last month and a final...