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The Financial Express

Search results for: Trade

Global auto recovery to take more hits from Japan chip plant fire

Global auto recovery to take more hits from Japan chip plant fire

Reuters 2021-04-01 10:08:40

A recent fire at a Japanese semiconductor factory and severe weather in parts of the United States in February have exacerbated an ongoing chip shortage plaguing the global auto industry, data firm IH...

Scrap cargoes unberthed at Chittagong port

Scrap cargoes unberthed at Chittagong port

NAZIMUDDIN SHYAMOL 2021-04-01 09:03:12

CHATTOGRAM: Local steelmakers are in a tight corner for failing to unload imported scrap for adequate berths at Chittagong port, thus causing higher prices of rod and steel goods. The ships loaded...

Seven Bangladeshi startups get Tk 150m in financing

Seven Bangladeshi startups get Tk 150m in financing

FE Report 2021-04-01 08:56:53

Seven Bangladeshi startups on Wednesday received venture capital investment worth Tk 150 million from a state owned financing platform dedicated to the startups. The fund is the first series of inv...

Chinese envoy focuses on FTA, currency swap

Chinese envoy focuses on FTA, currency swap

FE REPORT 2021-04-01 08:48:42

Chinese Ambassador to Dhaka Li Jiming said China and Bangladesh should emphasise signing a free trade agreement (FTA) and currency swap deal for taking ahead their existing relationship of bilateral...

Exporters seek interim solution until re-fixation of apparel wastage limit

Exporters seek interim solution until re-fixation of apparel wastage limit

DOULOT AKTER MALA 2021-04-01 08:41:42

Apparel exporters have sought an interim arrangement to get rid of hassle and penalty of the customs authority until re-fixation of the minimum limit of wastages in manufacturing knitwear. They all...

'Bangladesh provides growth opportunities for Korean investors '

'Bangladesh provides growth opportunities for Korean investors '

-- 2021-03-31 22:59:30

HSBC Bangladesh, in partnership with BIDA, BEZA, South Korean Embassy in Bangladesh and Bangladesh Embassy in South Korea organised a webinar themed ‘Bangladesh-Korea Business Corridor: Stakehol...

Formal investigation begins into how ship got stuck on Suez Canal   

Formal investigation begins into how ship got stuck on Suez Canal  

REUTERS 2021-03-31 17:25:30

Formal investigations into how the giant container ship Ever Given ran aground in the Suez Canal, shutting down shipping in the major global waterway for almost a week, begin on Wednesday, a canal o...

ICC Bangladesh holds workshop for bankers

ICC Bangladesh holds workshop for bankers

-- 2021-03-31 17:12:51

ICC Bangladesh arranged a workshop on commercial letters of credit, demand guarantees and bank payment obligations for the bankers recently in Dhaka. A total of 100 participants from 29 banks includi...

Cisco unveils gear to cope with increased data traffic for homeworking

Cisco unveils gear to cope with increased data traffic for homeworking

-- 2021-03-31 12:58:15

Cisco Systems Inc has announced new products to help mobile network operators manage increased data traffic generated by homeworking because of the pandemic and as the 5G rollout connects billions mor...

Investors press companies on human rights in China's Xinjiang

Investors press companies on human rights in China's Xinjiang

-- 2021-03-31 11:29:09

A group of religious and socially conscious investors and other funds are ramping up pressure on Western companies over alleged human rights abuses in China’s Xinjiang region, highlighting the c...

Older Asians' small firms in US hardest hit by pandemic

Older Asians' small firms in US hardest hit by pandemic

-- 2021-03-31 11:21:58

The coronavirus pandemic dealt a heavy blow to small businesses owned by older Americans from minority groups, and Asian-owned firms were particularly hard hit by closures and revenue declines, accord...

Compliance certificate for exporting crab, eel mandatory under Chinese protocol

Compliance certificate for exporting crab, eel mandatory under Chinese protocol

REZAUL KARIM 2021-03-31 10:52:52

Export consignments of live crabs and eels to China will not be allowed without 'clinical compliance certification' by the state veterinary office, according to a protocol prepared by a Chinese author...

Humaira set to be first woman top executive of private bank

Humaira set to be first woman top executive of private bank

FE REPORT 2021-03-31 10:11:55

Humaira Azam is set to become the first top woman executive officer of a private commercial bank in the country. The Board of Directors of the Trust Bank Limited on Monday gave her the appointment as...

Bangladesh, UK set to ready platform for trade talks

Bangladesh, UK set to ready platform for trade talks

FE REPORT 2021-03-31 09:01:44

Bangladesh and the United Kingdom (UK) are set to establish a platform for holding trade and investment related dialogues to facilitate future trading relationships between the two countries, offici...

General consultant appointed for studying another metro rail

General consultant appointed for studying another metro rail

MUNIMA SULTANA 2021-03-31 08:55:21

A consortium of companies has been appointed as a general consultant to carry out the feasibility study, detailed design and procurement work for another metro rail planned to be constructed from Gabt...

Apparel units to run with full workforce amid corona restrictions

Apparel units to run with full workforce amid corona restrictions

FE REPORT 2021-03-31 08:52:59

Country's readymade garment (RMG) industry will operate with full workforce through strictly following the health safety protocols issued by the government on Monday. The government imposed again a...

Oil price falls as Suez Canal opens, dollar rallies

Oil price falls as Suez Canal opens, dollar rallies

Reuters 2021-03-31 08:40:55

Oil prices slid more than 1 per cent on Tuesday as the Suez Canal reopened to traffic and the US dollar rallied. Investors shifted focus to the upcoming OPEC+ ministerial meeting on Thursday, where a...

Visa moves to allow payment settlements using cryptocurrency

Visa moves to allow payment settlements using cryptocurrency

-- 2021-03-30 16:44:47

PayPal Holdings Inc will announce later on Tuesday that it has started allowing US consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally, a move that could...

PayPal launches crypto checkout service

PayPal launches crypto checkout service

-- 2021-03-30 16:32:58

PayPal Holdings Inc will announce later on Tuesday that it has started allowing US consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally, a move that could...

BGMEA election 2021-23: Forum declares election manifesto

BGMEA election 2021-23: Forum declares election manifesto

FE Online Report 2021-03-30 16:04:18

Forum, a panel contesting the upcoming BGMEA election, on Tuesday, announced its election manifesto, giving priority to branding the RMG industry, reducing business operational cost and facilitating t...

Hyundai Motor to halt S Korea production due to chip shortage

Hyundai Motor to halt S Korea production due to chip shortage

REUTERS 2021-03-30 15:27:03

South Korea's Hyundai Motor Co said on Tuesday it would suspend production at its Ulsan No 1 plant in South Korea from April 7-14 because of a shortage of semiconductor chips and supply issues with el...

US ad market to grow 15pc this year

US ad market to grow 15pc this year

-- 2021-03-30 14:09:33

The US advertising market is forecast to grow more quickly than previously expected as stimulus payments to Americans help jump-start the economy and small businesses spend more on ads to recover from...

US seeks input on how firms rely on artificial intelligence

US seeks input on how firms rely on artificial intelligence

Reuters 2021-03-30 10:18:33

US banking regulators announced on Monday they were soliciting public input on the growing use of artificial intelligence by financial institutions. In a joint statement, the regulators said they wan...

Skincare market in Bangladesh to reach $2.12b by 2027, study says

Skincare market in Bangladesh to reach $2.12b by 2027, study says

FE ONLINE DESK 2021-03-29 20:56:45

The market of skincare products in Bangladesh is expected to hit $2.12 billion by 2027, registering a compound annual growth rate (CAGR) of 8.1 per cent from 2021 to 2027, according to the report publ...

Traffic in Suez Canal resumes after stranded ship refloated

Traffic in Suez Canal resumes after stranded ship refloated

-- 2021-03-29 20:17:37

Shipping traffic through Egypt's Suez Canal has resumed after a giant container ship which had been blocking the busy waterway for almost a week was refloated, the canal authority said. The 400-metre...

Dhaka's kitchen market heats up much before Ramadan

Dhaka's kitchen market heats up much before Ramadan

-- 2021-03-29 16:33:24

The prices of most vegetables have doubled in the capital’s kitchen markets in a week due to supply crunch, consumers have said. One kilogramme broiler chicken was selling at Tk 170-180at sever...

JCI Bangladesh recognises 13 inspirational women

JCI Bangladesh recognises 13 inspirational women

FE ONLINE DESK 2021-03-29 15:20:31

JCI Bangladesh has recognised contributions and achievements of 13 inspirational women leaders of Bangladesh with ‘Woman of Inspiration Award 2021’. The women leaders received the award d...

German union calls four-day strike at Amazon sites

German union calls four-day strike at Amazon sites

Reuters 2021-03-29 11:24:04

The trade union Verdi has called for workers at six Amazon sites in Germany to go on strike from Sunday evening for four days in the latest attempt to try to force the US e-commerce group to recognise...

New apparel business models being followed to beat virus

New apparel business models being followed to beat virus

FE Report 2021-03-29 08:17:46

The country's ready-made garment (RMG) industry has gradually been adopting new business models or innovative plans to address the challenges surfaced due to the Covid-19 pandemic, according to a stud...

Confectioners urge NBR to keep bakery products out of VAT

Confectioners urge NBR to keep bakery products out of VAT

-- 2021-03-28 20:37:41

Bangladesh Bread Biscuit -O-Confectionery Prostutkarak Samity on Sunday urged the National Board of Revenue (NBR) to keep the bakery products, including bread, out of VAT net. President of the Samity...