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The Financial Express

Search results for: Trade

Three LNG cargoes from spot market in April

Three LNG cargoes from spot market in April

FE REPORT 2021-03-01 09:53:00

Bangladesh will purchase three LNG cargoes from spot market for April delivery as the prices are in downtrend with mounting demand for natural gas and rise of mercury in the ensuing summer. Previou...

Network operators can't import, install DWDM for leased network

Network operators can't import, install DWDM for leased network

Ismail Hossain 2021-03-01 09:31:25

Mobile Network Operators (MNOs) will no longer be able to import and install dense wavelength division multiplexing (DWDM) equipment for the fiber optic network, leased from National Telecommunicati...

NBR warns Dhaka Club of freezing bank accounts

NBR warns Dhaka Club of freezing bank accounts

DOULOT AKTER MALA 2021-03-01 08:50:43

The National Board of Revenue (NBR) has asked the posh Dhaka Club Limited (DCL) to pay the arrear value added tax (VAT) worth Tk 336 million immediately — warning otherwise its bank accounts wou...

Electricity consumption of Walton’s new AC is only Tk 2.88 per hour

Electricity consumption of Walton’s new AC is only Tk 2.88 per hour

-- 2021-02-28 18:26:43

Country’s electronics giant Walton has introduced ‘Inverna’ – a super saver model of split type air conditioner with intelligent inverter technology. Conforming to the Europea...

Guardian Life launches new product ‘Guardian Shield’

Guardian Life launches new product ‘Guardian Shield’

FE ONLINE REPORT 2021-02-28 18:09:06

Guardian Life Insurance Limited launched a new product name ‘Guardian Shield’ on Sunday marking the ‘National Insurance Day-2021’ with its aim of ‘Insurance for All&rsquo...

Bangladesh's handicraft export makes little progress over years

Bangladesh's handicraft export makes little progress over years

Arafat Ara 2021-02-28 10:09:52

Bangladesh's handicraft industry cannot flourish as per the expectations due to a lack of policy support, sector insiders said. Although the demands for handcraft products have increased worldwide, t...

Bangladesh, Russia agree not to apply 'force majeure' amid pandemic

Bangladesh, Russia agree not to apply 'force majeure' amid pandemic

M AZIZUR RAHMAN 2021-02-28 09:17:07

Bangladesh and Russia have agreed not to apply the provision of 'force majeure' amid Covid-19 pandemic for the sake of timely execution of the Rooppur Nuclear Power Plant (RNPP) project. "We have dec...

Refiners want yet another hike in edible oil prices

Refiners want yet another hike in edible oil prices

REZAUL KARIM 2021-02-28 08:39:42

Local refiners have demanded yet another hike in the mill gate prices of edible oils, sources said. Following a meeting with the refiners only 10 days back, the Ministry of Commerce (MoC) raised th...

Bangladesh Apparel Youth Leaders’ Association launched

Bangladesh Apparel Youth Leaders’ Association launched

FE ONLINE REPORT 2021-02-27 21:23:09

Bangladesh Apparel Youth Leaders’ Association (BAYLA), a platform of the young entrepreneurs of the country’s garments sector, was launched in the city on Saturday. Commerce Minister Tipu...

Evaly receives Channel I Award

Evaly receives Channel I Award

FE Online Desk 2021-02-27 18:30:44

Dhaka: Country's top e-commerce based online marketplace Evaly.com.bd has received ‘SafeKeeper Channel i Media Award-2020’. Evaly received the award as the best e-commerce organization in...

Coffee, cashew cultivation in Chattogram bears export potential

Coffee, cashew cultivation in Chattogram bears export potential

FE Report 2021-02-27 08:55:19

The government has put highest emphasis on promoting cultivation of coffee, cashew nuts and dragon fruits in the hilly areas of Chattogram division sensing potential of such cash crops. Farmers of...

IFC asks govt to frame tariff policy to meet challenges

IFC asks govt to frame tariff policy to meet challenges

REZAUL KARIM 2021-02-27 08:47:12

The International Finance Corporation (IFC) has prescribed for formulation of a national tariff policy (NTP) to help Bangladesh overcome its upcoming challenges both in the internal and external fro...

Commerce ministry makes fresh move to allay FTA fear

Commerce ministry makes fresh move to allay FTA fear

SYFUL ISLAM 2021-02-27 08:34:52

The Ministry of Commerce (MoC) has decided to make a fresh move to convince the relevant government agencies, businesses and experts about the benefits of signing free trade area (FTA) deals. The MoC...

Banks weigh up remote working - the new normal or an aberration?

Banks weigh up remote working - the new normal or an aberration?

Reuters 2021-02-26 15:20:47

As the finance industry prepares for life post-pandemic, commercial banks are moving quickly to harness working from home to cut costs, while investment banks are keen to get traders and advisers back...

Bangladesh's leather, leather goods have $5.0b export potential

Bangladesh's leather, leather goods have $5.0b export potential

FE REPORT 2021-02-26 12:03:23

Commerce Secretary Md Jafar Uddin on Thursday said it is possible for Bangladesh to earn more than US$5.0 billion by exporting leather and leather goods annually. "Leather is a potential sector of Ba...

Al-Muslim Group denies allegation of money laundering

Al-Muslim Group denies allegation of money laundering

FE REPORT 2021-02-26 11:18:49

Al-Muslim Group, a Bangladeshi apparel manufacturer, has denied the allegation of money laundering by its associate company AKM Knitwear. The Group's denial came following news reports on the alleg...

Poultry meat gets dearer in Dhaka

Poultry meat gets dearer in Dhaka

FE REPORT 2021-02-26 08:47:54

Prices of poultry meat continued to rise last week as broiler chicken was sold at maximal Tk 165 a kilogram on Thursday, further augmenting commoners' sufferings. Closure of many pandemic-hit farms...

DCCI for forming national strategy body to get GSP+ facility

DCCI for forming national strategy body to get GSP+ facility

FE Report 2021-02-26 08:37:02

Dhaka Chamber of Commerce & Industry (DCCI) president Rizwan Rahman on Thursday proposed forming a 'national strategy committee' to get the GSP plus facility in the EU market after the country's...

Jakarta imposes safeguard duty on Bangladesh RMG

Jakarta imposes safeguard duty on Bangladesh RMG

SYFUL ISLAM 2021-02-26 08:23:04

Indonesia has slapped a safeguard duty, ranging between US$0.44 and $11.29 per piece, on export of a number of apparel items to the country from Bangladesh, officials said. The products include top...

Facebook says it will pay $1.0b to news industry

Facebook says it will pay $1.0b to news industry

AP 2021-02-25 21:56:27

Facebook, following in Google's footsteps, says it plans to invest $1.0 billion to "support the news industry" over the next three years. The social networking giant, which has been tussling with Aus...

Chinese contractor for Padma rail link project faces fund crisis

Chinese contractor for Padma rail link project faces fund crisis

FE ONLINE DESK 2021-02-25 12:22:08

The Chinese contractor for the Padma Bridge Rail Link Project (PBRLP) alleges that it is facing a fund crisis due to a delay in the payment release by Bangladesh Railway. "The fund crisis seems to ha...

Global business jet deliveries decline 20pc in 2020

Global business jet deliveries decline 20pc in 2020

Reuters 2021-02-25 10:52:17

Global business jet deliveries declined 20.4 per cent to 644 aircraft in 2020 as the Covid-19 pandemic weighed on production earlier in the year, the General Aviation Manufacturers Association (GAMA)...

Bangladesh's four railway mega projects under Belt and Road Initiative suffer delay

Bangladesh's four railway mega projects under Belt and Road Initiative suffer delay

Mir Mostafizur Rahaman 2021-02-25 10:42:19

Four mega projects of the Bangladesh Railway (BR) have suffered setback due to the delay in processing loan documents by the relevant Bangladeshi implementing agencies and bureaucratic complexities...

Handicrafts exhibition begins in city

Handicrafts exhibition begins in city

FE REPORT 2021-02-25 09:01:12

A five-day Handicrafts Exhibition-2021 began in the city on Wednesday. The Bangladesh Handicrafts Manufacturers and Exporters Association, or Banglacraft, organised the event marking the birth cent...

BIDA, BBF join hands to attract foreign investment

BIDA, BBF join hands to attract foreign investment

FE REPORT 2021-02-25 08:46:22

Bangladesh-Italy investment summit will be held in April next, aiming to promote bilateral trade between the two countries. Bangladesh Investment Development Authority (BIDA) and Better Bangladesh...

Bangladesh, Japan agree on new schedules for big infrastructure projects

Bangladesh, Japan agree on new schedules for big infrastructure projects

MUNIMA SULTANA 2021-02-25 08:30:57

Bangladesh and Japan have agreed to set new schedules for implementation of five big infrastructure projects here as the authorities concerned failed to meet the previous deadlines amid Covid-19 pan...

'Controversial' Vitol Asia set to build Bangladesh's lone LPG terminal

'Controversial' Vitol Asia set to build Bangladesh's lone LPG terminal

M AZIZUR RAHMAN and SYFUL ISLAM 2021-02-25 08:25:24

The globally 'controversial' Vitol Asia Pte Ltd is all set to expand its energy business in Bangladesh by bagging yet another lucrative deal. It is now in the process of securing an LPG terminal-bu...

Facebook to spend $1.0b in news industry after Australia row

Facebook to spend $1.0b in news industry after Australia row

-- 2021-02-24 21:41:56

Facebook Inc on Wednesday pledged to invest at least $1 billion in the news industry over the next three years, days after a high-profile stand-off with the Australian government over paying news outl...

Apple buys a company every three to four weeks

Apple buys a company every three to four weeks

-- 2021-02-24 19:43:34

Apple has acquired about 100 companies over the last six years, the company’s chief executive Tim Cook has revealed. That works out at a company every three to four weeks, he told Apple’s...

Bangladesh-Japan Joint PPP platform meeting held

Bangladesh-Japan Joint PPP platform meeting held

-- 2021-02-24 19:23:34

The fourth Bangladesh-Japan Joint PPP platform meeting was held at the Prime Minister’s Office on Wednesday highlighting important projects presented by the Japanese side. Public Private Partne...