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The Financial Express

Search results for: Trade

Speeding up introduction of e-commerce trade license, says minister

Speeding up introduction of e-commerce trade license, says minister

-- 2021-02-15 19:50:09

Commerce Minister Tipu Munshi on Monday said they are working with the Local Government Ministry to speed up the introduction of trade license for the industry so that e-commerce businesses could acce...

Ngozi Okonjo-Iweala to get unanimous backing to become WTO boss

Ngozi Okonjo-Iweala to get unanimous backing to become WTO boss

REUTERS 2021-02-15 18:10:50

Three months after the Trump administration rejected her, former Nigerian finance minister Ngozi Okonjo-Iweala is set to receive unanimous backing on Monday to become the first woman and first African...

Over half of Japan firms want Olympics cancelled or postponed, survey shows

Over half of Japan firms want Olympics cancelled or postponed, survey shows

Reuters 2021-02-15 14:12:44

Over half of Japanese firms believe the Tokyo Olympic Games should be cancelled or postponed, a survey by think tank Tokyo Shoko Research showed on Monday, casting further doubt over the fate of the t...

Bitcoin approaches $50,000

Bitcoin approaches $50,000

-- 2021-02-15 10:11:34

Bitcoin hit a new record high and approached $50,000 on Sunday, building on its record rally as Wall Street and Main Street increasingly adopt the world’s biggest cryptocurrency. Bitcoin recent...

Chinese firm to build plasma fractionation plant in Bangladesh

Chinese firm to build plasma fractionation plant in Bangladesh

FE Report 2021-02-15 09:36:42

A Chinese biotechnology firm will start constructing its plant for plasma fractionation in Bangladesh soon. This will be the first biotechnology plant in the country. The biotech plasma fractionati...

Offshore bidding round on hold

Offshore bidding round on hold

M AZIZUR RAHMAN 2021-02-15 09:13:08

The government prefers delaying further to launch a fresh bid round to offer offshore blocks fearing lukewarm response from the potential global players due to the coronavirus pandemic. State-run Pet...

Swadhinata Parishad to contest BGMEA elections

Swadhinata Parishad to contest BGMEA elections

FE REPORT 2021-02-15 09:05:37

Swadhinata Parishad, a panel consisting of garment makers, has announced it will contest the upcoming elections to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the apex trad...

BB to launch automated platform for inter-bank money market trading by March 31

BB to launch automated platform for inter-bank money market trading by March 31

FE Report 2021-02-15 09:02:27

The central bank is set to introduce an automated trading platform for the country's interbank money market before March 31 to boost its monitoring and supervision on the market, officials said. Co...

Palli Sanchay Bank gets Tk 2.5b to overcome capital shortfall

Palli Sanchay Bank gets Tk 2.5b to overcome capital shortfall

FE REPORT 2021-02-15 08:40:33

The government has provided Tk 2.5 billion to state-owned Palli Sanchay Bank (PSB) to meet its capital shortage, officials said. The finance division has recently issued an order setting some conditi...

Electronic devices for sales transactions not installed in 12 years

Electronic devices for sales transactions not installed in 12 years

Doulot Akter Mala 2021-02-15 08:34:20

The majority of small and medium scale shopping outlets are yet to install the automated sales transaction system despite repeated reminders coming from the National Board of Revenue (NBR) since 2009....

Bangladesh Bank announces loan scheme for theatre owners

Bangladesh Bank announces loan scheme for theatre owners

-- 2021-02-14 22:50:26

Bangladesh Bank has approved a Tk 10.0 billion refinancing scheme to provide long-term soft loans for the construction of modern movie theatres and renovation of old ones. Theatre owners will get loa...

ACI Motors launches Yamaha’s 1000cc motorbike

ACI Motors launches Yamaha’s 1000cc motorbike

FE ONLINE REPORT 2021-02-14 17:39:28

ACI Motors on Sunday launched Yamaha’s 1000cc motorcycle R1M through a special event on the occasion of Valentine’s Day. Mr Hiroshi Setogawa, Senior General Manager of Yamaha Motor Co in...

Robinhood CEO admits communications shortcomings

Robinhood CEO admits communications shortcomings

REUTERS 2021-02-14 11:45:19

Robinhood, the trading app popular with young investors, could have better explained why it restricted the buying of heavily shorted stocks caught up in the social media-fuelled trading frenzy around...

Tesla to set up electric car manufacturing unit in India's Karnataka

Tesla to set up electric car manufacturing unit in India's Karnataka

-- 2021-02-14 11:16:17

Billionaire Elon Musk’s Tesla Inc will set up an electric-car manufacturing unit in the southern Indian state of Karnataka, according to a government document seen by Reuters on Saturday. &ldqu...

Mitsubishi keen on third terminal operation at airport

Mitsubishi keen on third terminal operation at airport

MUNIMA SULTANA 2021-02-14 08:56:14

A Japanese company is interested in developing a multimodal transport hub at the airport rail station on condition that it operates the third terminal of Hazrat Shahjalal International Airport. Off...

Official move to tighten grip on salt import

Official move to tighten grip on salt import

DOULOT AKTER MALA 2021-02-14 08:50:20

Industries ministry has suggested that the National Board of Revenue (NBR) take its recommendations before allowing the import of any type of salt. It sought detailed information regarding the salt i...

Vehicle importers for resolving custom valuation issues of imported cars

Vehicle importers for resolving custom valuation issues of imported cars

-- 2021-02-13 20:59:03

The members of Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) called upon the authorities to resolve the custom valuation problems for both new and reconditioned cars, f...

Global air passenger traffic falls record 66pc last year

Global air passenger traffic falls record 66pc last year

Kyodo News 2021-02-13 20:13:06

Global air passenger traffic in 2020 sank a record 65.9 per cent from the year before amid tighter border controls due to the coronavirus pandemic, with a rebound to around half of 2019 levels expecte...

ByteDance explores sale of Indian TikTok assets to rival firm Glance

ByteDance explores sale of Indian TikTok assets to rival firm Glance

REUTERS 2021-02-13 15:03:38

China’s ByteDance is said to be exploring the sale of the India operations of TikTok to rival unicorn Glance, Bloomberg News reported on Saturday. The discussions, initiated by Japan’s So...

L'Oreal sees post-pandemic cosmetics rebound

L'Oreal sees post-pandemic cosmetics rebound

-- 2021-02-13 11:07:56

L’Oreal, the world’s biggest cosmetics group, forecast a strong rebound in makeup sales when the Covid-19 pandemic gives way to a “roaring 20s” when people get dressed up and g...

Google's $76m deal with French publishers angers many outlets

Google's $76m deal with French publishers angers many outlets

Reuters 2021-02-13 10:39:52

Alphabet’s Google has agreed to pay $76 million over three years to a group of 121 French news publishers to end a more than year-long copyright spat, documents seen by Reuters show. The agreem...

Weighing scale spells trouble for Chattogram businesses

Weighing scale spells trouble for Chattogram businesses

NAZIMUDDIN SHYAMOL 2021-02-13 10:23:01

CHATTOGRAM: The trade and business of commercial hub Chattogram is suffering a lot, as the local businesses cannot supply the imported goods to other parts of the country smoothly due to the restric...

Buffer stock of essentials planned to prevent Ramadan price fluctuation

Buffer stock of essentials planned to prevent Ramadan price fluctuation

REZAUL KARIM 2021-02-13 10:06:40

The government plans to import or buy locally around 0.143 million tonnes of key essential items to face any crisis or price spiral in future especially during the holy month of Ramadan, officials s...

Specialised bank for migrants increases ceiling of income generation loans to Tk 5.0m

Specialised bank for migrants increases ceiling of income generation loans to Tk 5.0m

ARAFAT ARA 2021-02-13 10:01:39

Probashi Kallyan Bank (PKB) would increase the ceiling of income generation loans for migrant workers to Tk 5.0 million from existing Tk 1.0 million, official sources said. The products are 'Rehabi...

Friendship from classroom to entrepreneurship

Friendship from classroom to entrepreneurship

JASIM UDDIN HAROON 2021-02-13 09:57:50

Mr Uzzal Dhar and Chinese citizen Mr Peter, now in their mid-30s, had planned to start a business in 2014 at a time when they were studying at Buckinghamshire New University of the UK. They were in...

Lone bidder gives LNG price quote for March supply

Lone bidder gives LNG price quote for March supply

FE REPORT 2021-02-13 09:14:17

The government received a price quotation from the bidder concerned to purchase liquefied natural gas (LNG) from the spot market for early March delivery after two months of delay. Singapore-based Vi...

Specialised bank for smaller enterprises planned

Specialised bank for smaller enterprises planned

ISMAIL HOSSAIN 2021-02-13 09:10:45

The Bangladesh Small and Cottage Industries Corporation (BSCIC) mulls establishing a separate specialised bank to help grow the country's cottage, micro, small and medium enterprises (CMSMEs) sector....

Covid mars flower trade in the month of language, spring, valentine's day

Covid mars flower trade in the month of language, spring, valentine's day

YASIR WARDAD 2021-02-13 08:28:21

The country's floriculture industry is struggling even in February this year, the peak trading month for cut flower and foliage trade, as the Covid-19 pandemic has squeezed the number of customers. F...

New initiative to reuse Bangladesh’s textile waste

New initiative to reuse Bangladesh’s textile waste

MONIRA MUNNI 2021-02-12 10:08:24

More than 40 global apparel brands, local manufacturers and recyclers have joined a new initiative to capture and reuse textile waste in Bangladesh, sources said. The initiative is focusing on Bangla...

Dhaka's kitchen market sees rise in rice, edible oil prices

Dhaka's kitchen market sees rise in rice, edible oil prices

YASIR WARDAD 2021-02-12 09:48:54

The prices of rice and edible oil continued to rise in the city's wholesale and retail markets last week hitting people's pockets. According to trading sources, the prices of common course rice, me...