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The Financial Express

Search results for: Trade

Dhaka chamber holds conclave connecting 10 countries on Jan 5-7 to attract FDI

Dhaka chamber holds conclave connecting 10 countries on Jan 5-7 to attract FDI

FE Online Desk 2021-01-03 16:17:39

Dhaka Chamber of Commerce and Industry is going to organise a virtual business-to-business (B2B) meet styled “DCCI Business Conclave-2020” on January 5-7. The three-day conclave, the firs...

Bitcoin surges over $30,000

Bitcoin surges over $30,000

-- 2021-01-03 10:26:39

Digital currency Bitcoin extended its record-smashing rally on Saturday, beginning the year with a surge over $30,000 for the first time, with ever more traders and investors betting that it is on its...

Children of sugar mill employees demand product diversification, govt monitoring

Children of sugar mill employees demand product diversification, govt monitoring

FE Online Report 2021-01-02 18:46:35

Though the government initiated two projects for diversification of two sugar mills at a cost the of Tk 8000 million seven years ago, no development is noticed showing sheer callousness of the concern...

Mongla Port sees record ship anchoring in December

Mongla Port sees record ship anchoring in December

-- 2021-01-02 16:41:52

Mongla Port, the second largest sea harbor of the country, witnessed anchoring of at least 117 foreign ships in last December breaking all previous records, said an official. The ship mostly containe...

Bajaj Auto becomes most valuable two-wheeler company in the world

Bajaj Auto becomes most valuable two-wheeler company in the world

Hindustan Times 2021-01-02 16:04:11

Bajaj Auto on Friday announced that it has become the first two-wheeler brand in the world to cross a market capitalisation of rupees 100,000 crore (converts to about USD 13.6 billion). In a recent...

Bangladesh mulls import of plastic scraps but local manufacturers oppose

Bangladesh mulls import of plastic scraps but local manufacturers oppose

REZAUL KARIM 2021-01-02 11:36:48

The government is eager to allow the import of environment-friendly plastic scrap items which do not put any adverse impacts on the domestic industry and the environment. However, the Bangladesh Plas...

Workers of closed sugar mills demand payment of all dues

Workers of closed sugar mills demand payment of all dues

FE REPORT 2021-01-02 11:29:38

The employees and workers of Faridpur Sugar Mills demanded to the government to pay all their dues immediately for the sake of their survival. They made the demand from a rally in front of the Nation...

Mahindra to focus on SUVs after Ford JV talks end

Mahindra to focus on SUVs after Ford JV talks end

-- 2021-01-02 11:16:05

Mahindra & Mahindra Ltd will focus on developing its core portfolio of sport-utility vehicles (SUVs) and their electric version, a senior executive said on Friday after the company ended joint ven...

Giants fetch half of Bangladesh's apparel exports

Giants fetch half of Bangladesh's apparel exports

MONIRA MUNNI 2021-01-02 09:02:29

One-fourth of the BGMEA members, large in size, accounted for a major share of the country's total readymade garment exports and employment, industry people say. Some 351 large units of the trade g...

Import duty cut leaves no impact on rice price

Import duty cut leaves no impact on rice price

FE REPORT 2021-01-02 08:55:31

Rice prices increased again last week despite the government's reduced import duties on the staple, according to market sources. Palmoil, broiler chicken, also registered a hike, further battering...

Chittagong seaport sees Covid-induced decline in container traffic

Chittagong seaport sees Covid-induced decline in container traffic

JASIM UDDIN HAROON 2021-01-02 08:45:14

The container traffic at the Chittagong port contracted by approximately 6.0 per cent in 2020 as the Covid-19 rattled movement. The country's main sea port witnessed the negative growth of containe...

A state corporation on the brink of collapse

A state corporation on the brink of collapse

Jubair Hasan 2021-01-02 08:37:40

Bangladesh Chemical Industries Corporation (BCIC) is sinking into atrophy as its financial and operational health has deteriorated, people familiar with the situation say. The sorry state of the co...

Vietnam, Britain sign free trade deal

Vietnam, Britain sign free trade deal

-- 2021-01-01 18:02:39

Britain and Vietnam signed a free trade agreement on Tuesday, Vietnam's trade ministry said, days before Britain completes its transition out of the European Union. The deal, which will replace the e...

Prime Bank launches real-time remittance service for expatriate Bangladeshis in Singapore, UK

Prime Bank launches real-time remittance service for expatriate Bangladeshis in Singapore, UK

-- 2021-01-01 15:35:52

Prime Bank has recently launched a real-time remittance service, called RemitPrime, for the customers of its subsidiaries in Singapore and the UK. RemitPrime is the first real-time, online platf...

French wine exporters call US taxes a sledgehammer

French wine exporters call US taxes a sledgehammer

REUTERS 2021-01-01 14:01:32

The US decision to impose additional tariffs on French wines and cognac, which come in addition to a first set of tariffs late last year, will cost the sector a total of over 1 billion euros ($1.23 bi...

Tech, cross-border activities set to drive Asia M&A next year

Tech, cross-border activities set to drive Asia M&A next year

REUTERS 2021-01-01 13:49:22

Coronavirus-spurred growth in the technology sector will help drive M&A activity in the Asia Pacific next year, bankers and lawyers predict, with the potential easing of Sino-US tensions likely to...

IFAD to support rebuilding Bangladesh's microenterprises

IFAD to support rebuilding Bangladesh's microenterprises

FE REPORT 2021-01-01 12:09:58

The International Fund for Agricultural Development (IFAD) will provide Bangladesh with an additional loan of US$ 18.07 million to rebuild microenterprises as well as to support smallholders affected...

Shikho raises  $0.18m in investment

Shikho raises $0.18m in investment

-- 2020-12-31 20:00:17

Six months after raising its initial pre-seed funding, Bangladeshi EdTech start-up Shikho confirms that it has now closed a $175,000 bridge investment from three new investors, alongside a follow-on i...

Net meters can offer cheaper electricity to RMG factories: Stakeholders

Net meters can offer cheaper electricity to RMG factories: Stakeholders

-- 2020-12-31 11:06:34

The ready-made garment (RMG) factories can get cheaper electricity if they go for net metering after setting up rooftop solar system for electricity generation. The utility billing mechanism can save...

EU, China agree to investment deal

EU, China agree to investment deal

REUTERS 2020-12-31 10:31:43

The European Union and China agreed on Wednesday to an investment deal that will give European companies greater access to Chinese markets and help redress what Europe sees as unbalanced economic ties...

Extensive research on crops, fishes emphasised for self-reliance on foods

Extensive research on crops, fishes emphasised for self-reliance on foods

FE REPORT 2020-12-31 10:04:44

Experts at a webinar on Wednesday put an emphasis on development of varied crops, fish and cattle through extensive research to boost production aiming to make the country self-sufficient in food pr...

Steel manufacturers dealt a double blow

Steel manufacturers dealt a double blow

SAIF UDDIN 2020-12-31 09:52:39

Sluggish demand followed by a spike in raw material prices pushed the local mild steel (MS) rod makers in a precarious position in 2020 amid the virus pandemic. According to traders, inconsistency...

Emirates appoints new County Manager in Bangladesh

Emirates appoints new County Manager in Bangladesh

FE Online Desk 2020-12-30 12:47:39

Emirates has announced the appointment of Mohamed Alhammadi as Country Manager in Bangladesh, effective 1 st January 2021. Saeed Abdulla Miran, currently Country Manager in Bangladesh will take on the...

Intel urged to explore deal options

Intel urged to explore deal options

-- 2020-12-30 12:08:07

Activist hedge fund Third Point LLC is pushing Intel Corp to explore strategic alternatives, including whether it should keep chip design and production under one roof, according to a letter it sent t...

Move to measure losses from halal food export

Move to measure losses from halal food export

REZAUL KARIM 2020-12-30 11:26:04

The government has initiated to assess the extent of losses by agri-processed food, especially halal food, exporters for unavailability of a heath certification system in Bangladesh. Officials sai...

American Airlines restarts Boeing 737 MAX flights

American Airlines restarts Boeing 737 MAX flights

-- 2020-12-30 09:22:54

Boeing’s 737 MAX resumed passenger flights in the United States for the first time on Tuesday after a 20-month safety ban was lifted last month. American Airlines Flight 718 landed at New York&...

H&M cuts 100 jobs from Bangladesh office

H&M cuts 100 jobs from Bangladesh office

MONIRA MUNNI 2020-12-30 08:59:49

H&M, one of the largest global apparel brands, has cut more than 100 jobs from Bangladesh production office mainly to cope up with the rapid changes in the retail industry amid the Covid-19 pandem...

India's onion ban lifting leads to Bangladesh market price fall ahead of harvesting

India's onion ban lifting leads to Bangladesh market price fall ahead of harvesting

YASIR WARDAD 2020-12-30 08:53:30

Though consumers got some relief for an increased supply of newly harvested onions, Bangladeshi farmers fell into despair as India has lifted its export ban on the spice during this peak harvesting...

Stimulus package deadline extended to March 31 for farm sector small entrepreneurs

Stimulus package deadline extended to March 31 for farm sector small entrepreneurs

FE REPORT 2020-12-30 08:47:45

The central bank has extended the deadline by three months to execute the stimulus package for small entrepreneurs in the farm sector, officials said. The banks are now allowed to implement the packa...

Vietnam, Britain sign free trade deal, to take effect Dec 31

Vietnam, Britain sign free trade deal, to take effect Dec 31

Reuters 2020-12-30 00:47:00

Britain and Vietnam signed a free trade agreement on Tuesday, Vietnam’s trade ministry said, days before Britain completes its transition out of the European Union.The deal, which will for Brita...