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The Financial Express

Search results for: Trade

Iraq agrees on Saudi, UAE investment projects worth exceeding $6b

Iraq agrees on Saudi, UAE investment projects worth exceeding $6b

Reuters 2021-04-07 11:09:53

Iraq’s prime minister agreed with Saudi Arabia and the United Arab Emirates on investment projects in Iraq, worth more than $6 billion, Iraq state news agency said on Tuesday. Prime minister Mu...

Oil prices rise on stronger economic outlook

Oil prices rise on stronger economic outlook

REUTERS 2021-04-07 09:57:24

Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased Covid-19 vaccinations and a report that crude inventories in the United States, the world&rsquo...

TCB seeks help in expanding sales of essentials thru trucks ahead of Ramadan

TCB seeks help in expanding sales of essentials thru trucks ahead of Ramadan

FE Report 2021-04-07 09:43:44

The Trading Corporation of Bangladesh (TCB) has sought necessary support to carry out countrywide open market sales (OMS) of essential commodities through trucks during the ongoing lockdown and ahea...

Gas crunch halts textile mills in Narayanganj, Munshiganj

Gas crunch halts textile mills in Narayanganj, Munshiganj

FE REPORT 2021-04-07 09:33:42

A good number of textile mills, including spinning and weaving ones, located in Narayanganj, Narsingdhi and Madhabdi areas have to stop production due to the suspension of gas supply. The large spinn...

Private importers get more than a year for deferred payment

Private importers get more than a year for deferred payment

FE REPORT 2021-04-07 08:41:59

The central bank has said the private-sector businesses involving foreign loan/supplier credit would now get deferred payment time limit beyond one year. The regulator of the banking system issued a...

Evaly employees will get  vaccines as frontliners

Evaly employees will get  vaccines as frontliners

-- 2021-04-06 20:56:29

Employees of Evaly.com.bd will get Covid-19 vaccines as frontliners or frontline combatants in corona situation, according to a statement. The ICT Division and ekShop are involved in the overall coll...

Prime Bank signs agreement with BB to avail refinancing support for export oriented industries 

Prime Bank signs agreement with BB to avail refinancing support for export oriented industries 

-- 2021-04-06 17:41:08

Prime Bank Limited has signed Participation Agreement with Bangladesh Bank to avail Refinance Fund for Technology Development and Upgradation of Export Oriented Industries, according to a statement....

March sees 12.59pc growth in export earnings

March sees 12.59pc growth in export earnings

FE ONLINE REPORT 2021-04-06 17:26:46

The country’s export earnings in March’21 recorded 12.59 per cent growth to US$3.07 billion compared to the corresponding month of 2020, according to Export Promotion Bureau (EPB) data. B...

Yellen pledges US cooperation, calls for global minimum tax

Yellen pledges US cooperation, calls for global minimum tax

-- 2021-04-06 09:51:22

US Treasury Secretary Janet Yellen said on Monday that she is working with G20 countries to agree on a global corporate minimum tax rate and pledged that restoring US multilateral leadership would str...

Crypto market cap soars to record $2tn, bitcoin at $1.1tn

Crypto market cap soars to record $2tn, bitcoin at $1.1tn

-- 2021-04-06 09:44:35

The cryptocurrency market capitalisation hit an all-time peak of $2 trillion on Monday, according to data and market trackers CoinGecko and Blockfolio, as gains over the last several months attracted...

LG's smartphone exit creating opportunities for Samsung?

LG's smartphone exit creating opportunities for Samsung?

REUTERS 2021-04-06 09:32:21

LG Electronics’ move to exit its loss-making mobile business is expected to create more opportunities for Samsung than its other rivals in the lucrative North American smartphone market, analyst...

US Labor board finds Amazon illegally fired activist workers

US Labor board finds Amazon illegally fired activist workers

REUTERS 2021-04-06 09:29:23

Amazon.com Inc illegally fired two employees who advocated for better working conditions during the pandemic, the US National Labor Relations Board has found. The online retailer last year terminated...

Intel CEO to attend chip supply chain meeting at White House

Intel CEO to attend chip supply chain meeting at White House

REUTERS 2021-04-06 09:25:48

Intel Corp Chief Executive Officer Pat Gelsinger will virtually attend a meeting being put together by President Joe Biden’s administration for April 12 to discuss the semiconductor supply chain...

34 companies excluded from LTU for poor tax payment

34 companies excluded from LTU for poor tax payment

FE REPORT 2021-04-06 08:22:29

The National Board of Revenue (NBR) has excluded 34 companies from its Large Taxpayers Unit (LTU) under VAT Wing following their poor contribution in revenue collection. With the exclusion of these c...

265 smokeless tobacco manufacturers evading taxes   

265 smokeless tobacco manufacturers evading taxes  

-- 2021-04-05 21:33:47

Many smokeless tobacco (SLT) manufacturers of Bangladesh have managed to slip away from the government's tax net; at least 265 of them are not paying taxes and 33 per cent do not even have a valid tra...

D8 Business Forum eyes $500b trade among members

D8 Business Forum eyes $500b trade among members

FE ONLINE REPORT 2021-04-05 20:41:23

D8 Business Forum called for removing trade barriers among member states to ensure the target of US$500 billion trade in the region. Better connectivity and collaboration among the member states will...

India ahead of China, US in online transactions

India ahead of China, US in online transactions

-- 2021-04-05 19:48:29

Making Covid-19 pandemic a stepping stone, the digital payments in India that have swelled to 25.5 billion real-time online transactions in 2020 is set to account for a 71.7 per cent share of all the...

FBCCI chief Fahim made new chairman of D-8 Chamber

FBCCI chief Fahim made new chairman of D-8 Chamber

-- 2021-04-05 19:48:15

FBCCI President Sheikh Fazle Fahim has been made Chairman of D-8 Chamber of Commerce and Industries (D8CCI). It was announced at the 'D-8 Business Forum' held on Monday on the eve of the 10th D-8 Sum...

108MP camera smartphone realme 8 Pro hits the market

108MP camera smartphone realme 8 Pro hits the market

-- 2021-04-05 18:14:55

Youth-centric smartphone brand realme has launched two smartphones – realme 8 Pro and realme C21 - at the same time in Bangladeshi market to satiate the thirst of the tech-savvy youths, accordin...

South Korea's LG announces closure of smartphone business

South Korea's LG announces closure of smartphone business

Reuters 2021-04-05 12:26:04

South Korea’s LG Electronics will wind down its loss-making mobile division after failing to find a buyer, a move that is set to make it the first major smartphone brand to completely withdraw f...

Amazon acknowledges issue of drivers urinating in bottles

Amazon acknowledges issue of drivers urinating in bottles

-- 2021-04-05 10:21:34

Amazon.com Inc has apologised to US Representative Mark Pocan, admitting to scoring an “own goal” in its initial denial of his suggestion that its drivers were sometimes forced to urinate...

Chattogram traders fear loss of business during lockdown

Chattogram traders fear loss of business during lockdown

NAZIMUDDIN SHYAMOL 2021-04-05 10:03:53

CHATTOGRAM: With a fresh one-week nationwide lockdown being enforced from today to control the new Covid-19 wave in the country, traders in Chattogram fear a huge loss of their business, especially du...

NBR to frame special VAT payment policy for reconditioned vehicles

NBR to frame special VAT payment policy for reconditioned vehicles

Doulot Akter Mala 2021-04-05 09:52:07

The National Board of Revenue (NBR) has moved to frame a special VAT payment policy for the sales and marketing of imported reconditioned vehicles in order to resolve complexities relating to fiscal m...

BTCL launches 'Alaap' app

BTCL launches 'Alaap' app

FE REPORT 2021-04-05 09:48:29

Bangladesh Telecommunications Company Limited (BTCL) launched an IP calling app named 'Alaap' on Sunday. Anyone having internet connections with his/her mobile handsets can talk at 30 paisa per minut...

Dhaka city markets see further hike in essentials' prices

Dhaka city markets see further hike in essentials' prices

FE REPORT 2021-04-05 08:02:28

Prices of rice, onion, potato, broiler chicken, and egg witnessed a further hike on Sunday ahead of the lockdown from today (Monday), raising the concern of the commoners. Rice prices increased by Tk...

BGMEA election 2021-23 ends with 86pc votes cast

BGMEA election 2021-23 ends with 86pc votes cast

FE Online Report 2021-04-04 20:15:20

The biennial election of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) for the term 2021-23 ended at 7:00pm, recording more than 86 per cent votes cast. A total of 1,604 BGME...

Bank transactions till 12.30pm during lockdown

Bank transactions till 12.30pm during lockdown

-- 2021-04-04 18:31:30

Bangladesh regulators have decided to keep banks open for transactions from 10 am to 12:30 pm and stock exchanges for two hours during the coronavirus lockdown that starts on Monday. After transactio...

Foreign exchange rules against inland transactions, policy for exporters relaxed

Foreign exchange rules against inland transactions, policy for exporters relaxed

-- 2021-04-04 17:14:22

Bangladesh Bank has relaxed the foreign exchange regulations against the admissible inland transactions through their nostro accounts, with validity up to June 30, 2021. “Given the ongoing situ...

Voting underway in BGMEA election

Voting underway in BGMEA election

FE Online Report 2021-04-04 16:20:44

The biennial election of the apparel trade body Bangladesh Garment Manufacturers and Exporters Association (BGMEA) for the term 2021-23 is underway. The voting in the election started at 9:00 pm at R...

EBL, Sattar Group sign payroll banking agreement

EBL, Sattar Group sign payroll banking agreement

FE Online Desk 2021-04-04 12:51:31

Eastern Bank Ltd (EBL) signed a Payroll Banking Agreement with Sattar Group on a digital platform in Dhaka recently. M Khorshed Anowar, Deputy Managing Director and Head of Retail and SME Banking of...