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The Financial Express

Search results for: Trade

Govt sets maximum retail prices for soybean and palm oil

Govt sets maximum retail prices for soybean and palm oil

FE ONLINE REPORT 2021-02-17 11:56:41

The government has fixed the maximum retail prices for soyabean and palm oil with immediate effect to control the soaring trend of the prices in the domestic market. The National Committee on Essenti...

Record high pump prices hit India's gasoline, gasoil sales

Record high pump prices hit India's gasoline, gasoil sales

-- 2021-02-17 11:56:10

Indian state refiners’ gasoline sales in the first two weeks of February fell below pre-pandemic levels, the first decline in about six months, preliminary industry data showed, as record-high r...

US airline passenger traffic fell 60.1pc in 2020

US airline passenger traffic fell 60.1pc in 2020

-- 2021-02-17 11:01:59

US passenger airline traffic fell 60.1 per cent in 2020 to the lowest number since 1984 as the Covid-19 pandemic devastated demand for air travel, the US Transportation Department said on Tuesday. In...

Adidas plans to sell struggling Reebok brand

Adidas plans to sell struggling Reebok brand

Reuters 2021-02-17 10:42:56

German sportswear maker Adidas AG plans to sell or spin-off its underperforming Reebok brand, 15 years after it bought the US fitness label to help compete with arch-rival Nike. Adidas said on Tuesda...

Marriott CEO Sorenson dies of cancer

Marriott CEO Sorenson dies of cancer

-- 2021-02-17 10:37:35

Marriott International Chief Executive Officer Arne Sorenson, who was undergoing treatment for pancreatic cancer, has died, the company said on Tuesday. The first non-family member to head the hotel...

Saudi Arabia eyes Dubai's crown

Saudi Arabia eyes Dubai's crown

REUTERS 2021-02-17 10:24:55

Saudi Arabia has raised the stakes in a competition with freewheeling Dubai for foreign talent and cash. From 2024, the Saudi government will stop giving state contracts to companies and commercial i...

Bid to export 1,000 tonnes of snails

Bid to export 1,000 tonnes of snails

FE REPORT 2021-02-17 10:11:22

A private enterprise has sought the government's permission to export 1,000 tonnes of live snails to different foreign countries. The Save and Safety International in a recent letter requested comm...

Platform launched to collect data of migrant returnees

Platform launched to collect data of migrant returnees

FE REPORT 2021-02-17 09:17:52

Expatriates' welfare ministry launched a digital platform with the support of the International Organization for Migration (IOM) on Monday to collect data of migrant returnees. The platform, 'Returni...

VAT rate on mobile phone operators' fees halved

VAT rate on mobile phone operators' fees halved

FE Report 2021-02-17 08:41:03

The National Board of Revenue (NBR) has halved the value added tax (VAT) on different fees of mobile phone operators, including issuance 4G licences, renewal, royalty, technology neutrality and spectr...

Twin factors to prolong Bangladesh's gas crisis

Twin factors to prolong Bangladesh's gas crisis

M AZIZUR RAHMAN 2021-02-17 08:18:48

Maintenance of Summit's floating storage and re-gasification unit (FSRU) along with subsequent lower-than-regular import of liquefied natural gas (LNG) is set to extend the country's existing gas cris...

B-Trac Solutions teams up with Evaly

B-Trac Solutions teams up with Evaly

-- 2021-02-16 20:26:39

B-Trac Solutions Limited has teamed up with e-commerce marketplace Evaly.com Limited, according to a statement released on Tuesday. With this, Evaly customers will be able to purchase various product...

Coca-Cola testing a paper bottle

Coca-Cola testing a paper bottle

-- 2021-02-16 20:15:16

Soft drink manufacturers are facing pressure on two fronts: the amount of sugar in their drinks and the amount of plastic waste their products produce. Coca-Cola is attempting to solve that second pr...

Robi gets strong growth momentum with Tk 1.55b profit

Robi gets strong growth momentum with Tk 1.55b profit

-- 2021-02-16 19:54:29

Despite the pandemic, Robi managed to end 2020 with a positive revenue growth (1.1%) compared to last year (2019). The total revenue of the company in 2020 stood at TK 75.64 billion after adding Tk 1...

Bring informal businesses into mainstream, urges DCCI

Bring informal businesses into mainstream, urges DCCI

-- 2021-02-16 19:02:43

The Dhaka Chamber of Commerce & Industry (DCCI) on Tuesday urged the government to create a flexible regulation to bring informal businesses into the mainstream for their record and traceability s...

Realme named among top four smartphone brands in Bangladesh

Realme named among top four smartphone brands in Bangladesh

-- 2021-02-16 18:52:22

After bagging one of the top positions in the report made by Counterpoint Research, youth-favorite smartphone brand realme has again became one of the top four mobile brands in Bangladesh. In additio...

Bexi Fabrics introduces Privilege Card

Bexi Fabrics introduces Privilege Card

-- 2021-02-16 17:57:48

Bexi Fabrics launched a privilege card for its customers using which they can avail 5.0 per cent discount. Besides, every privilege cardholder will enjoy 7.5 per cent special discount on their birthd...

Emirates joins hands with UNICEF to distribute COVID vaccine

Emirates joins hands with UNICEF to distribute COVID vaccine

-- 2021-02-16 17:05:11

Emirates SkyCargo, the cargo division of Emirates airline, has signed an agreement with the UNICEF to priorities the transport of COVID-19 vaccines, essential medicines, medical devices and other crit...

bKash offers up to 20pc cashback on payments

bKash offers up to 20pc cashback on payments

-- 2021-02-16 16:42:15

To celebrate the festivity of Falgun, bKash is offering up to 20 per cent instant cashback to the customers on payment of products at more than 1700 shopping outlets throughout the month of February....

A K Azad elected vice president of ICC Bangladesh

A K Azad elected vice president of ICC Bangladesh

FE Online Desk 2021-02-16 15:27:56

A K Azad, the chairman and managing director of Ha-Meem Group of Companies, has been elected vice president of ICC Bangladesh Executive Board during its meeting held on Monday. The post of vice presi...

Swiss competition agency opens probe against Mastercard

Swiss competition agency opens probe against Mastercard

Reuters 2021-02-16 14:06:19

The Swiss Competition Commission (COMCO) has opened an investigation of Mastercard into possible obstruction of SIX’s National Cash Scheme (NCS), a set of rules for withdrawals and other transac...

Evaly barred from conditional offers

Evaly barred from conditional offers

FE Report 2021-02-16 10:26:18

The Bangladesh Competition Commission (BCC) has barred e-commerce platform Evaly from offering conditional sales of products. The order came following a hearing in Dhaka on Monday. "We asked them no...

Saudis won't work with foreign firms without local presence from 2024

Saudis won't work with foreign firms without local presence from 2024

-- 2021-02-16 10:25:54

Saudi Arabia will no longer sign contracts with foreign companies which do not have a regional headquarters in the kingdom after 2023, state news agency SPA reported on Monday, citing an official sour...

Global federations move to reduce audit, standard fatigue in textiles, clothing

Global federations move to reduce audit, standard fatigue in textiles, clothing

MONIRA MUNNI 2021-02-16 10:09:11

Two global federations have launched a new initiative aiming to address the problems related to audit and standard fatigue in textile and clothing industries, sources said. International Apparel Fe...

Illegal water business unabated

Illegal water business unabated

ADNAN HOSSAIN BHUIYAN 2021-02-16 10:01:48

Trading in 'unsafe' drinking water, especially bottled water, continues unabated in the country mainly due to lax monitoring and supervision by the authorities concerned. As a result, such unrestri...

BB to launch automated trading platform by third week of March

BB to launch automated trading platform by third week of March

SIDDIQUE ISLAM 2021-02-16 09:33:50

The central bank is going to introduce an automated trading platform - Electronic Dealing System for lnterbank Money Market (EDSMoney) - within the third week of March to facilitate liquidity movement...

Poultry prices up on high demand

Poultry prices up on high demand

YASIR WARDAD 2021-02-16 08:37:01

Prices of poultry meat have posted a marked rise this month, thanks to its increased demand in restaurants, marriage ceremonies and similar social programmes. The social whirl has started afresh with...

Bangladesh to review labour law to address international concerns

Bangladesh to review labour law to address international concerns

SYFUL ISLAM AND REZAUL KARIM 2021-02-16 08:19:52

The country's labour law is set to come under a fresh review for addressing the concerns of different global groups about workers' rights situation here, officials said. The government is expecting t...

Bangladesh, Japan in talks over five projects under PPP; joint meet Feb 24

Bangladesh, Japan in talks over five projects under PPP; joint meet Feb 24

-- 2021-02-15 22:08:34

Bangladesh and Japan are in discussion on five projects worth US$8.38 billion under public-private partnership (PPP). The projects are - Construction of Multimodal Transport Hub (MmTH) at Kamlapur an...

WTO members make history by chosing Ngozi Okonjo-Iweala as new head

WTO members make history by chosing Ngozi Okonjo-Iweala as new head

FE ONLINE REPORT   2021-02-15 21:40:57

Members of the World Trade Organization (WTO) made history on Monday when the General Council agreed by consensus to select Ngozi Okonjo-Iweala of Nigeria as the organization’s seventh Director-...

WTO appoints Ngozi Okonjo-Iweala as next director general

WTO appoints Ngozi Okonjo-Iweala as next director general

-- 2021-02-15 21:02:34

All members of the World Trade Organization (WTO) have formally agreed to appoint Dr Ngozi Okonjo-Iweala as the next director general of the body. The top decision-making body, the General Council, o...