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The Financial Express

Search results for: Trade

CIS-Bangladesh chamber recommends steps to ease business transaction with Russia in banking channel

CIS-Bangladesh chamber recommends steps to ease business transaction with Russia in banking channel

FE ONLINE DESK 2021-03-14 14:01:32

The Commonwealth of Independent States-Bangladesh Chamber of Commerce & Industry (CIS-BCCI) has called on the government to streamline financial and banking cooperation with Russia to facilitate t...

Onion wholesale price starts falling

Onion wholesale price starts falling

-- 2021-03-14 09:30:21

After a continual surge for the last one and a half weeks, onion prices started declining in the wholesales from Saturday morning in the city thanks to rising supply of seasonal 'haali' onions. Local...

Bangladesh frozen fish exporters in a fix over Saudi embargo

Bangladesh frozen fish exporters in a fix over Saudi embargo

ARAFAT ARA 2021-03-14 09:18:00

The country's frozen fish exporters were in dire straits, as the Saudi Arabia was not allowing shipment of fishes from Bangladesh without prior enlistment by the Saudi Food and Drug Authority (SFDA),...

Unpaid gas bills hit Tk 90b

Unpaid gas bills hit Tk 90b

FE REPORT 2021-03-14 09:13:11

Natural gas consumers across the country owe around Tk 90 billion, of which electricity clients alone skipped two-thirds of the payment against their utility services. Officials said household cons...

Milk prices witness substantial rise

Milk prices witness substantial rise

FE ONLINE REPORT 2021-03-13 22:21:14

All kind of milk prices increased notably on Saturday raising the woes of the consumers. State-owned Milk Vita has revised its liquid pasteurised milk price to Tk 75 a litre from Tk 70. Subsequently...

Bitcoin hits $60,000 in record high

Bitcoin hits $60,000 in record high

Reuters 2021-03-13 18:08:29

Bitcoin, the world’s biggest cryptocurrency, on Saturday crossed a record high of $60,000.

EBL signs payroll banking deal with SFIL

EBL signs payroll banking deal with SFIL

FE Online Desk 2021-03-13 12:08:05

Eastern Bank Limited (EBL) has recently signed a payroll banking agreement with Strategic Finance and Investments Limited (SFIL). Under the agreement, employees of SFIL will enjoy preferential bankin...

Thai consumer goods firms pile into legal cannabis trade

Thai consumer goods firms pile into legal cannabis trade

-- 2021-03-13 11:42:58

If the bets of Thailand’s farmed cannabis promoters pay off, Thais could soon be chowing down on hempburgers, washed down with cannabis-derived drinks, before freshening up with shower gel and t...

Southeast Asia's Grab in talks for US listing via $40b SPAC deal

Southeast Asia's Grab in talks for US listing via $40b SPAC deal

-- 2021-03-13 11:29:03

Southeast Asia’s biggest ride-hailing and food delivery firm Grab Holdings is in talks to go public through a merger with a US special purpose acquisition company that could value it at nearly $...

Commission demanded to ensure fair prices for crops

Commission demanded to ensure fair prices for crops

FE REPORT 2021-03-13 10:10:18

Speakers at a programme on Thursday said introducing crop insurance, creating database of farmers, simplifying the lending process and popularising mechanised agriculture are crucial for safeguardin...

Chattogram Development Authority, Port Authority at loggerheads

Chattogram Development Authority, Port Authority at loggerheads

Nazimuddin Shyamol 2021-03-13 10:05:18

CHATTOGRAM: A Tk 60 billion project taken up by Chattogram Development Authority (CDA) to resolve the waterlogging problem is being hampered due to the construction of walls in front of sluice gates...

India's likely ban on export of jute seeds to affect Bangladesh stakeholders

India's likely ban on export of jute seeds to affect Bangladesh stakeholders

REZAUL KARIM 2021-03-13 09:51:15

India's likely ban on export of jute seeds has raised concerns among Bangladesh's millers, cultivators and the government, official sources said. The neighbouring country is likely to take the decisi...

Entrepreneurs urged to plough money into diverse sectors

Entrepreneurs urged to plough money into diverse sectors

FE REPORT 2021-03-13 08:41:25

Bangladesh urgently needs to diversify investments giving the priority to the development of small and medium enterprises (SMEs) to take its growth to the next level, industry captains said on Thursda...

Step to reduce user fees for Indian transhipment flabbergasts Foreign Office

Step to reduce user fees for Indian transhipment flabbergasts Foreign Office

MUNIMA SULTANA AND SYFUL ISLAM 2021-03-13 08:07:35

A recent action by the officials of the Road Transport and Highways Division has surprised their counterparts in other ministries. The division has also been accused of breaching the official norms a...

Padma Bank under SEC scanner on allegations of abuse, misuse of funds

Padma Bank under SEC scanner on allegations of abuse, misuse of funds

-- 2021-03-12 21:55:39

Viewed as a blot in Bangladesh’s financial sector,  Padma Bank is back into sharp focus after it trade charges with founding chairman Muhiuddin Khan Alamgir ranging from abuse of office and...

China's Ant Group chief executive Simon Hu resigns

China's Ant Group chief executive Simon Hu resigns

-- 2021-03-12 20:37:44

China's Ant Group Chief Executive Officer Simon Hu has stepped down from his role and will be replaced by Executive Chairman Eric Jing. "The Ant Group Board of Directors has accepted Mr. Simon Hu's r...

Prime Bank launches NEERA initiative for the underprivileged women   

Prime Bank launches NEERA initiative for the underprivileged women  

-- 2021-03-12 19:00:21

Prime Bank Women’s Initiative ‘NEERA’ has come forward to assist the underprivileged women of the society on hygiene and healthcare. As part of ‘Month of Neera’ initiati...

Bangladesh shipbreakers win right to sue UK owners in landmark ruling

Bangladesh shipbreakers win right to sue UK owners in landmark ruling

-- 2021-03-12 18:09:55

British shipping companies that sell old vessels to be scrapped cheaply in dangerous, low-paid conditions in Bangladesh, India or Pakistan may now be sued in London for workers' deaths or injuries, re...

African-American wine makers lead push to increase diversity

African-American wine makers lead push to increase diversity

REUTERS 2021-03-12 13:00:49

Black-owned wineries in the United States are seeking to raise awareness of their brands and encourage more young people of colour to enter the industry. The Association of African American Vintners...

Bengal Commercial Bank formally starts journey

Bengal Commercial Bank formally starts journey

FE REPORT 2021-03-12 12:39:34

Bengal Commercial Bank Limited, the 60th scheduled bank of the country, has formally started its journey with the slogan 'inspiring growth'. Finance Minister AHM Mustafa Kamal inaugurated the bank by...

Trade union law unlikely to be amended despite pressure

Trade union law unlikely to be amended despite pressure

MONIRA MUNNI 2021-03-12 12:15:37

The government is unlikely to make any amendment to the law related to trade union (TU) registration despite pressure from the rights groups and international bodies in this regard, sources said. At...

NBR assures local industries of more facilities

NBR assures local industries of more facilities

DOULOT AKTER MALA 2021-03-12 12:06:35

The government has downsized the national budget by 5.28 per cent to Tk 5.38 trillion for the current fiscal year, compelled by a significant shortfall in tax collection as the fallout of COVID-19....

Onion price rises despite harvesting; fish, too, gets dearer

Onion price rises despite harvesting; fish, too, gets dearer

FE REPORT 2021-03-12 11:23:07

Prices of onion and fish continued to increase last week raising sufferings of the consumers, already battered by rising costs of rice, cooking oil, sugar and other essential commodities in the last o...

Central bank decides to set up Tk 5.0b startup fund

Central bank decides to set up Tk 5.0b startup fund

Siddique Islam 2021-03-12 11:18:35

The Bangladesh Bank (BB) has decided to form a startup refinancing fund worth Tk 5.0 billion, aiming to develop entrepreneurship in the country, officials said. The decision was taken at a meeting of...

Uber, Lyft agree to share info on banned drivers in safety push

Uber, Lyft agree to share info on banned drivers in safety push

REUTERS 2021-03-12 11:15:05

Uber Technologies Inc and Lyft Inc on Thursday said they would share with each other information on drivers and delivery workers they had banned from their platforms for the most serious incidents in...

Oil prices rise on economic outlook

Oil prices rise on economic outlook

-- 2021-03-12 09:46:02

Oil prices rose more than 2.0 per cent on Thursday on a weaker dollar and expectations that a crude glut would be short-lived due to a steep fall in US fuel stocks and a resumption of operations by Te...

Managing director of Denim Expert Limited wins Drapers Sustainable Fashion Awards 2021

Managing director of Denim Expert Limited wins Drapers Sustainable Fashion Awards 2021

FE Online Report 2021-03-11 20:17:15

Managing director of Denim Expert Limited Mostafiz Uddin has been declared ‘Sustainable Fashion Champion’ at the Drapers Sustainable Fashion Awards 2021, according to a statement. He has...

Walton signs MoU with universities to enrich technical knowledge of students   

Walton signs MoU with universities to enrich technical knowledge of students  

FE ONLINE REPORT   2021-03-11 18:10:41

Four engineering universities joined hands with Walton to enrich technical knowledge of their students at graduate and undergraduate level, as well as the faculty members through conducting thesis, re...

Apple starts iPhone 12 assembly in India

Apple starts iPhone 12 assembly in India

-- 2021-03-11 16:29:56

Apple Inc has started the assembly of iPhone 12 in India, the US tech giant said, as the company ramps up manufacturing operations in the world’s second-biggest smartphone market, reports Reuter...

Biniyog Briddhi partners with four impact enterprises

Biniyog Briddhi partners with four impact enterprises

FE ONLINE DESK 2021-03-11 15:06:25

Biniyog Briddhi, a multi-year programme, has teamed up with four innovative impact enterprises – HelloTask, Romoni, SafeWheel and Shuttle. The signing ceremony, to this end, took place at the L...