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The Financial Express

Search results for: Trade

GPH exports $50m billet to China

GPH exports $50m billet to China

NAZIMUDDIN SHYAMOL 2021-06-07 10:15:46

CHATTOGRAM: The GPH Ispat Limited exported its fourth shipment of prime quality steel billet to China's main port known as Jiangyin/Xiamen port on May 6 last. The first shipment was made from the Chi...

Mushroom farming expanding in Bangladesh

Mushroom farming expanding in Bangladesh

FE REPORT 2021-06-07 09:51:34

Mushroom farming has gradually been expanding in the country, as output reached 40,000 tonnes, worth Tk 8.0 billion, in 2020, according to official figures. Following the rising consumption and out...

Garment accessories makers feel deprived

Garment accessories makers feel deprived

FE REPORT 2021-06-07 09:23:01

Garment accessories and packaging manufacturers of the country think the new budget has once again deprived them. Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association...

Bangladeshi small firms' 2020 Covid 'holiday' output drops by 26pc

Bangladeshi small firms' 2020 Covid 'holiday' output drops by 26pc

FE REPORT 2021-06-07 08:56:12

The small firms lost their output up to 26 per cent by the end of December last year because of the Covid-induced 'holiday' and its subsequent consequences. During the period, the micro and medium fi...

Banks to remain open for transactions from 10:00 am to 3:00 pm

Banks to remain open for transactions from 10:00 am to 3:00 pm

-- 2021-06-06 19:42:49

The ongoing banking hours from 10:00 am to 3:00 pm have been extended until June 16 for facilitating the financial transaction of their clients during the lockdown.  “Banks will remain ope...

BEZA, Marico ink deal to invest in Bangabandhu Sheikh Mujib Shilpanagar

BEZA, Marico ink deal to invest in Bangabandhu Sheikh Mujib Shilpanagar

FE Online Report 2021-06-06 18:25:08

Bangladesh Economic Zones Authority (BEZA) on Sunday inked a land lease agreement with Marico Bangladesh Limited to invest in Bangabandhu Sheikh Mujib Shilpanagar (BSMSN). Under the agreement, M...

BTMA says next fiscal’s budgetary measures ‘insufficient’ for RMG sector

BTMA says next fiscal’s budgetary measures ‘insufficient’ for RMG sector

  FE Online Report 2021-06-06 18:16:49

Budgetary measures proposed for next fiscal year are ‘insufficient’ for the country’s textile and readymade garment (RMG) industry and deemed exports might be hampered, said Banglade...

SANEM, MFO study finds RMG workers don’t know how to get vaccines

SANEM, MFO study finds RMG workers don’t know how to get vaccines

UNB 2021-06-06 18:11:25

The country's garment workers have little access to adequate information related to COVID-19 immunisation, according to a joint survey by the South Asian Network on Economic Modeling (SANEM) and Micro...

Rice, paddy prices on the rise

Rice, paddy prices on the rise

YASIR WARDAD 2021-06-06 10:17:17

The prices of rice and paddy have started increasing notably at milling hubs in the country even during this Boro harvesting season. Such a hike in the prices of rice and paddy is a matter of concern...

Government launches open market sales of essentials today

Government launches open market sales of essentials today

FE REPORT 2021-06-06 10:01:23

The government is set to launch open market sale (OMS) of key essential items today (Sunday) to keep prices within the buying capacity of the common people during the ongoing Covid-19 pandemic. Tradi...

BGMEA wants continuation of 0.5 per cent source tax

BGMEA wants continuation of 0.5 per cent source tax

-- 2021-06-05 21:22:28

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the government to continue the existing 0.5 per cent source tax for the next five years.  “We demand the co...

G7 nations reach historic deal to tax big multinationals

G7 nations reach historic deal to tax big multinationals

REUTERS 2021-06-05 18:56:02

A group of the world's richest nations reached a landmark deal on Saturday to close cross-border tax loopholes used by some of the world's biggest companies. The Group of Seven said it would back a...

Water.org signs MoU with IPDC for WaterCredit Solution

Water.org signs MoU with IPDC for WaterCredit Solution

-- 2021-06-05 18:45:19

Water.org, a leading international development agency, has signed a Memorandum of Understanding (MOU) with IPDC Finance Limited, a leading private sector financial institution of Bangladesh.  Th...

BGMEA urges govt to give 10pc cash incentive for non-cotton based garment exports

BGMEA urges govt to give 10pc cash incentive for non-cotton based garment exports

FE Online Report 2021-06-05 17:40:51

Hailing the proposed budget for the upcoming 2021-22 fiscal, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) urged the government to review some of its proposals, including a 10...

City Bank wins 'Best Bank in Bangladesh 2021' award  from FinanceAsia

City Bank wins 'Best Bank in Bangladesh 2021' award from FinanceAsia

-- 2021-06-05 15:24:08

City Bank has been awarded the ‘Best Bank in Bangladesh 2021’ by the renowned international publication FinanceAsia. The bank received the award for the seventh time from the Hong Kong-bas...

German envoy lauds Walton on visit

German envoy lauds Walton on visit

FE ONLINE DESK 2021-06-05 15:15:59

Walton is a symbol of the success of Bangladesh, said German Ambassador in Dhaka Peter Fahrenholtz on Thursday, hoping that the Bangladeshi electronics brand would be a global market player. Banglade...

Chattogram businesses welcome proposed budget

Chattogram businesses welcome proposed budget

NAZIMUDDIN SHYAMOL 2021-06-05 11:20:50

CHATTOGRAM: The businesses based in Chattogram hailed the budget and termed it 'pro-people' but the common people looked uninterested about the annual fiscal plan. Common people are frustrated over...

Edible oil prices up again as onion, egg too get dearer

Edible oil prices up again as onion, egg too get dearer

FE REPORT 2021-06-05 10:45:27

Edible oil, onion and egg became dearer last week increasing sufferings of consumers, especially the commoners, who had already been hit hard by a series of price hike of other essentials last month...

Telcos unhappy as tax cut pleas go unheeded

Telcos unhappy as tax cut pleas go unheeded

FE REPORT 2021-06-05 10:13:23

Telecom operators have urged the government to reconsider taxes on telcos in the proposed national budget for fiscal year 2021-22 year and rationalise the existing tax structure on the operators to he...

G7 finance ministers meet in London to broker global tax deal

G7 finance ministers meet in London to broker global tax deal

Reuters 2021-06-04 16:34:04

Finance ministers from the G7 group of rich nations are meeting in London on Friday for two days of talks aimed at moving closer to a global deal to raise more tax from the likes of Google, Facebook a...

Government borrowing set to rise by more than 15pc

Government borrowing set to rise by more than 15pc

FE REPORT 2021-06-04 10:15:49

The government's borrowing from both foreign and domestic sources is set to increase by more than 15 per cent in the next fiscal year to meet budget deficit. The proposed budget has earmarked Tk 2.11...

Govt takes policy on free and preferential trade deals

Govt takes policy on free and preferential trade deals

-- 2021-06-03 20:51:30

Finance Minister AHM Mustafa Kamal said that the government has adopted policy for executing bilateral agreements on free and preferential trade with different countries. In unveiling the 2021-22 fis...

Evaly brings 'Priority Store' in customer Service

Evaly brings 'Priority Store' in customer Service

-- 2021-06-03 20:40:19

The local e-commerce marketplace Evaly.com.bd has come up with 'Priority Store' to provide better and faster service to the customers. Customers will receive 'reward points' for making general purchas...

Foodpanda initiates ‘Petuk Olympics’ for foodies

Foodpanda initiates ‘Petuk Olympics’ for foodies

FE ONLINE DESK 2021-06-03 15:59:40

Online food delivery platform foodpanda has initiated a contest called ‘Petuk Olympics’ for foodies to eat and win exciting gifts by simply placing orders from restaurants on foodpanda....

BAAPA seeks to reopen parks with less than 50pc capacity

BAAPA seeks to reopen parks with less than 50pc capacity

FE Online Desk 2021-06-03 14:54:42

Bangladesh Association of Amusement Parks and Attractions (BAAPA) has sought immediate decision from the government to reopen parks with less than 50 per cent of the parks’ capacity as per the s...

Bangladesh to secure 40pc electricity from renewable sources by 2041

Bangladesh to secure 40pc electricity from renewable sources by 2041

FE REPORT 2021-06-03 10:13:44

Around 40 per cent of the country's overall electricity generation will come from renewable energy sources by 2041, according to the Power System Master Plant. An estimated 2.0-million people have al...

Migration experts suggest priority vaccination for Saudi-bound workers

Migration experts suggest priority vaccination for Saudi-bound workers

ARAFAT ARA 2021-06-03 09:56:29

Sector insiders and migration experts suggested bringing Saudi-bound workers under Covid-19 vaccination on a priority basis so that they could go overseas without hotel quarantine hassles. If the v...

Dhaka to ease onion imports to increase supply

Dhaka to ease onion imports to increase supply

REZAUL KARIM and YASIR WARDAD 2021-06-03 09:09:07

The government is going to ease the import of onion to help enhance its supply, in the wake of recent surge in the prices of the key spice in the domestic market, said officials. The decision came...

Vivo launches V21

Vivo launches V21

FE Online Desk 2021-06-02 21:57:36

 Global smartphone brand vivo launched its new V21 smartphone in Bangladesh. The device is the­­ latest addition to vivo’s longstanding V-series smartphones, which is widely known...

Sabnam Faria becomes Evaly's head of PR, media & communications

Sabnam Faria becomes Evaly's head of PR, media & communications

-- 2021-06-02 20:37:26

Popular actress Sabnam Faria has been appointed as the head of PR, media & communications of Evaly, a leading e-commerce platform in Bangladesh. Faria will work to strengthen the relationship bet...