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The Financial Express

Search results for: Trade

Rising yarn prices hit apparel exporters, say industry leaders

Rising yarn prices hit apparel exporters, say industry leaders

FE REPORT 2021-08-09 10:06:31

Despite having capacity to deliver, local apparel exporters are facing difficulty in grabbing the opportunity of increased work orders because of the rise in yarn prices, industry leaders said. Wit...

High-powered body formed to decide Evaly issue

High-powered body formed to decide Evaly issue

FE REPORT 2021-08-09 10:02:58

The commerce ministry has formed a high-powered committee to decide as to whether Evaly would be granted more time to reply in details to its show-cause notice, sources said. The committee will tak...

Low-cost sustainable finance key to promoting green energy: Stakeholders

Low-cost sustainable finance key to promoting green energy: Stakeholders

FE REPORT 2021-08-09 10:02:13

Low-cost and easily available loans are key to promoting green power in Bangladesh, speakers said at a virtual seminar on Sunday. Attaching importance to renewable energy, they also urged the gover...

Third party engagement in company registration raises cost up to 50pc

Third party engagement in company registration raises cost up to 50pc

FE REPORT 2021-08-09 09:57:07

Registration of a new company with Registrar of Joint Stock Companies and Firms (RJSC) takes eight days to complete which is supposed to be within three days. Besides, RJSC registration requires 89 p...

Bangladesh's RMG exports to US tick up in first half

Bangladesh's RMG exports to US tick up in first half

MONIRA MUNNI 2021-08-09 09:47:15

The country's apparel exports to the United States recorded nearly 26.81 per cent growth to US$ 3.13 billion during the first half of 2021. Bangladesh fetched $ 2.46 billion from readymade garment...

Govt urged to provide high-speed internet at affordable cost

Govt urged to provide high-speed internet at affordable cost

FE REPORT 2021-08-08 13:17:11

Speakers at a programme have urged the government to provide high-speed internet at affordable cost across the country to ensure people's access to available digital services. They also stressed the...

Overseas jobs show upward trend

Overseas jobs show upward trend

ARAFAT ARA 2021-08-08 08:48:30

Overseas employment showed an upward trend in July this year following a growing demand for Bangladeshi workers in Saudi Arabia. According to the data available with the Expatriates' Welfare Desk a...

No letup in rice price hike

No letup in rice price hike

YASIR WARDAD 2021-08-08 08:22:12

Rice, the main staple, is now the costliest ever in Bangladesh when July prices of the same were two-year low globally. The country also reaped bumper harvests during the immediate past Boro and Am...

bKash introduces reward points with transaction

bKash introduces reward points with transaction

UNB 2021-08-07 18:49:40

bKash customers can now earn reward points with transaction to their own accounts. They can avail different offers including cashback using those reward points afterwards. The more transactions will...

Amazon orders all US employees to wear masks at work

Amazon orders all US employees to wear masks at work

Reuters 2021-08-07 12:43:36

Amazon.com has ordered all US employees to wear a mask at work regardless of their vaccination status, as the highly infectious Delta variant of Covid-19 sweeps the country. Companies across the Unit...

Import bounces back, crosses US$60 billion in FY21

Import bounces back, crosses US$60 billion in FY21

FE Online Report 2021-08-07 12:00:09

Notwithstanding the spread of coronavirus, the country’s merchandise import crossed US$60 billion mark in the last fiscal year (FY21). The import payments for goods stood at $ 65.59 billion in...

Mirsarai Economic Zone construction in full gear despite pandemic

Mirsarai Economic Zone construction in full gear despite pandemic

OUR CORRESPONDENT 2021-08-07 10:06:45

CHATTOGRAM: Construction work on Mirsarai Economic Zone is going on in full swing now despite a series of lockdown imposed nationwide since April to curb the spike in Covid-19 positivity rates after t...

Vegetables, fish, cooking oil get pricier in Dhaka's kitchen markets

Vegetables, fish, cooking oil get pricier in Dhaka's kitchen markets

FE REPORT 2021-08-07 08:53:18

People crowded kitchen markets in the city on Friday as vegetables, fish and green chilli became pricier last week adding to the woes of consumers. Traders said the demand for vegetables rose notab...

Solar projects face execution hurdles

Solar projects face execution hurdles

FE REPORT 2021-08-07 08:47:08

The implementation of solar power projects is undergoing hurdles due to prolonged pandemic-induced disruptions. This inordinate delay has thus forced stakeholders to seek the government's interventio...

Bangladesh's expat registration scheme yields little

Bangladesh's expat registration scheme yields little

ARAFAT ARA 2021-08-07 08:29:55

The government's expatriate membership registration programme could not make any significant headway for years due to lack of proper initiatives by Bangladesh's mission offices in job destination co...

74,529 trucks registered in Bangladesh in past decade

74,529 trucks registered in Bangladesh in past decade

FE ONLINE REPORT 2021-08-06 12:20:57

Bangladesh’s registered trucks reached 74,529 in the past decade thanks to people’s growing purchasing power as well as the soaring economy, according to official data. A total of 74,52...

Notarybd.com to start commercial journey by year end

Notarybd.com to start commercial journey by year end

OUR CORRESPONDENT 2021-08-06 10:30:47

Notarybd.com, the renowned online Electronic Notarization (E-Notarization) Platform and System Provider in Bangladesh, is planning to start its commercial journey by the end of this year under E-Comme...

Autorickshaw drivers want waiver from lockdown restriction

Autorickshaw drivers want waiver from lockdown restriction

FE REPORT 2021-08-06 10:26:47

CNG -run autorickshaw drivers demanded on Wednesday that the government allow them to operate their vehicles from today (Thursday) by maintaining health safety guidelines during the ongoing countrywid...

Permission for exporting Hilsa sought

Permission for exporting Hilsa sought

REZAUL KARIM 2021-08-06 09:49:08

The country's apex frozen food exporters association has sought permission to export the national fish Hilsa, considering its potential to bring home more export earnings. Bangladesh Frozen Foods E...

12 brands agree to new binding deal

12 brands agree to new binding deal

FE REPORT 2021-08-06 09:25:01

A dozen global brands have so far agreed to sign a fresh legally binding agreement to continue factory safety work in Bangladesh's garment industry, according to Clean Clothes Campaign (CCC). On the...

Excelerate wants to increase LNG gasification capacity

Excelerate wants to increase LNG gasification capacity

M AZIZUR RAHMAN 2021-08-06 08:56:17

US's Excelerate Energy has proposed to increase LNG regasification capacity from its FSRU from early 2023 amid mounting demand for natural gas in the country. It submitted the proposal to state-run P...

Singer says Fulbaria fire incident not at its factory

Singer says Fulbaria fire incident not at its factory

-- 2021-08-05 22:30:33

Singer Bangladesh in a statement says that the place of fire incident at Fulbaria, Savar, was not its factory.      A fire broke out on Thursday morning at a temporary storag...

BGMEA urges buyers to allow more shipping liners, off-docks

BGMEA urges buyers to allow more shipping liners, off-docks

UNB 2021-08-05 22:14:55

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has requested global apparel buyers to nominate more shipping liners and off-docks to help suppliers make timely shipments of export...

Banks, bourses to remain closed on Sunday, hours extended again

Banks, bourses to remain closed on Sunday, hours extended again

-- 2021-08-05 17:14:07

Bangladesh’s banks and stock exchanges will remain open for an additional half-hour amid the ongoing lockdown to curb the coronavirus. Banks will remain closed on Sunday in addition to the re...

Mahtab steps down as Robi MD and CEO

Mahtab steps down as Robi MD and CEO

-- 2021-08-05 13:44:06

Mahtab Uddin Ahmed is stepping down from his role as managing director and CEO of telecommunications company Robi after five years. The executive, whose term was to officially end on Oct 31, decided...

Two more firms get permission for exporting wet-blue leather

Two more firms get permission for exporting wet-blue leather

-- 2021-08-05 09:42:46

The government has allowed two more companies to export wet-blue leather to ensure its fair price in the local market, especially during the Eid-ul-Azha. The firms - New Kajol Tannery Ltd and Feni Ta...

Rate on loans cut for women entrepreneurs

Rate on loans cut for women entrepreneurs

FE REPORT 2021-08-05 09:34:30

The central bank has slashed interest rate on loans under its refinancing scheme for small enterprises by 2.0 percentage points to facilitate women entrepreneurs, officials said. All the scheduled ba...

Three China-funded rail projects see no headway in more than 4 years

Three China-funded rail projects see no headway in more than 4 years

MUNIMA SULTANA 2021-08-05 08:41:52

Bangladesh Railway (BR) is yet to make any headway in implementing three out of four projects with the Chinese fund, though four and a half years have passed. Regarding the Chinese government's sup...

Car stockpiles jamming Bangladesh seaports amid shutdown

Car stockpiles jamming Bangladesh seaports amid shutdown

JASIM UDDIN HAROON 2021-08-05 08:31:32

Imported car stockpiles at Bangladesh's two main seaports hit an all-time high principally as roads are off-limits and shops shuttered amid corona curbs. Sources in the business circles say importers...

Bangladesh improves ranking in commercial services trade

Bangladesh improves ranking in commercial services trade

FE Online Report 2021-08-04 21:08:10

Bangladesh became the 72nd leading country in the global commercial services trade in the last year, according to the World Trade Organization (WTO). The country improved its ranking modestly within...