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The Financial Express

Search results for: Trade

Loss-making public enterprises won't be subsidised any longer

Loss-making public enterprises won't be subsidised any longer

JUBAIR HASAN 2020-12-26 08:43:33

The government is set to discard the traditional practice of subsidising loss-making public enterprises to enhance the level of private investment in the coming years, officials say. It means the uni...

DCCI’s ‘Membership Online Service’ inaugurated

DCCI’s ‘Membership Online Service’ inaugurated

FE Online Report 2020-12-25 15:31:12

Dhaka Chamber of Commerce & Industry (DCCI) has created a separate online portal named ‘Membership Online Service’ (MOS) to issue one of its two major services- Certificate of Origin (...

Despite trade deal, Brexit to leave scars on UK market

Despite trade deal, Brexit to leave scars on UK market

REUTERS 2020-12-25 14:47:23

Britain’s trade agreement with the European Union removes a 4-1/2-year old fear of crashing out of the bloc without trading arrangements in place, but it will take UK financial markets years to...

Online shopping surges, so does returns

Online shopping surges, so does returns

-- 2020-12-25 14:37:43

A huge surge in online shopping during the pandemic has been a saviour for retailers, but it comes at a price. Shoppers are expected to return twice as many items as they did during last year’s...

Laptops, desktop sales see 'renaissance' but shortages won't ease until 2022

Laptops, desktop sales see 'renaissance' but shortages won't ease until 2022

-- 2020-12-25 10:51:44

The world stocked up on laptop and desktop computers in 2020 at a level not seen since the iPhone debuted in 2007, and manufacturers still are months away from fulfilling outstanding orders, hardware...

Banks can't reach all people: Minister

Banks can't reach all people: Minister

FE REPORT 2020-12-25 10:23:34

Post and Telecommunication Minister Mustafa Jabbar, on Thursday, said the country's banks are unable to reach people in the remotest areas with banking services due to their inadequate infrastructure....

Rice prices rise, commoners hit

Rice prices rise, commoners hit

YASIR WARDAD 2020-12-25 09:07:57

The prices of rice increased further in the city markets last week, hitting people's pockets. Prices of coarse and medium varieties went up by Tk 2.0-Tk 3.0 per kilogram in last seven days as seasona...

Banks dealt triple blow as bankers fear fall in profit

Banks dealt triple blow as bankers fear fall in profit

SIDDIQUE ISLAM 2020-12-25 08:43:20

As the year is drawing to a close, the top bankers are found increasingly worried about the profitability of their banks. Some leading bankers said Covid-19 pandemic and single-digit lending rate hav...

Daily transaction on Nagad surges over Tk 2.0b

Daily transaction on Nagad surges over Tk 2.0b

-- 2020-12-24 17:35:28

The digital financial service of the Bangladesh Postal Department has recently crossed a major milestone as its daily transaction went over Tk 2.0 billion, said Tanvir A Mishuk, managing director of N...

Bangladesh, India finalising first bilateral rice deal in three years

Bangladesh, India finalising first bilateral rice deal in three years

Reuters 2020-12-24 16:54:01

Bangladesh is finalising a purchase of 150,000 tonnes of rice from India’s NAFED, the New Delhi-based state agency told Reuters, in what would be the first such bilateral deal in three years aft...

Britain and EU hash out final details on verge of Brexit trade deal

Britain and EU hash out final details on verge of Brexit trade deal

REUTERS 2020-12-24 15:48:46

Britain and the European Union were on the cusp of striking a narrow trade deal on Thursday, swerving away from a chaotic finale to a Brexit split that has shaken the 70-year project to forge European...

China opens antitrust probe into Alibaba

China opens antitrust probe into Alibaba

Reuters 2020-12-24 14:05:11

China has launched an antitrust investigation into Alibaba Group and will summon the tech giant’s Ant Group affiliate to meet in coming days, regulators said on Thursday, in the latest blow for...

Microfinance operators asked to provision 1.0pc fund on total loan loss

Microfinance operators asked to provision 1.0pc fund on total loan loss

FE Report 2020-12-24 10:42:00

The Microcredit Regulatory Authority (MRA) asked the microfinance institutions (MFIs) to provision one per cent fund on total loan loss. The microcredit regulator also asked the MFIs not to classify...

Minister says Dhaka preparing competent workers for overseas job market

Minister says Dhaka preparing competent workers for overseas job market

FE REPORT 2020-12-24 10:38:50

The government is building a skilled workforce according to the demand of overseas market in the post-coronavirus period, said Expatriates' Welfare and Overseas Employment Minister Imran Ahmad on Wedn...

Big businesses to be offered hassle-free service for submitting VAT returns: Official

Big businesses to be offered hassle-free service for submitting VAT returns: Official

DOULOT AKTER MALA 2020-12-24 09:26:20

The VAT authority has moved to prepare a 'uniform end user' system for the large taxpayers to facilitate submitting VAT returns online without confronting any problem that they were facing with the...

ADB cancels railway wagon purchase tender citing procurement inefficiency

ADB cancels railway wagon purchase tender citing procurement inefficiency

MUNIMA SULTANA 2020-12-24 09:20:34

The Asian Development Bank (ADB) has cancelled a tender of its funded project for buying 700 wagons for the Bangladesh Railway (BR) on allegations of 'inefficiency' in procurement process. The Manila...

Time to change gear? Stakeholders suggest making motorcycle parts locally

Time to change gear? Stakeholders suggest making motorcycle parts locally

FE Report 2020-12-24 09:17:53

The lack of market information, limited facility for testing and standardisation and unavailability of raw materials are the major challenges for strengthening the motor cycle industry's backward link...

Tobacco company to invest $2.0m in Ishwardi EPZ

Tobacco company to invest $2.0m in Ishwardi EPZ

-- 2020-12-23 20:32:01

Asian Tobacco (Pvt) Ltd, a Bangladeshi company, is going to establish a cigarettes and tobacco processing plant in Ishwardi Export Processing Zone with an investment of $2 million. The company signed...

US sues Walmart for fuelling opioid crisis

US sues Walmart for fuelling opioid crisis

-- 2020-12-23 18:33:50

The US Justice Department sued Walmart Inc on Tuesday, accusing the world's biggest retailer of fuelling the opioid crisis in the United States, ignoring warning signs from its pharmacists and filling...

Google, Facebook agreed to team up against possible antitrust action

Google, Facebook agreed to team up against possible antitrust action

Reuters 2020-12-23 13:27:35

Facebook and Alphabet’s Google agreed to “cooperate and assist one another” in case of an investigation into their pact to work together in online advertising, the Wall Street Journa...

Partnership launched to stop fake financial reports

Partnership launched to stop fake financial reports

FE REPORT 2020-12-23 10:12:17

The Financial Reporting Council (FRC) on Tuesday joined hands with the Institute of Chartered Accountants of Bangladesh or ICAB aiming to ensure transparency in the audited financial statements (AFS)....

Airbus to lose over $5b worth of AirAsia orders

Airbus to lose over $5b worth of AirAsia orders

-- 2020-12-23 09:20:19

Planemaker Airbus has said it stands to lose more than $5 billion worth of orders if AirAsia X Bhd’s (AAX) debt restructuring scheme goes through, court documents showed, joining more than a doz...

Dhaka metro rail launching by Dec 2021 uncertain

Dhaka metro rail launching by Dec 2021 uncertain

MUNIMA SULTANA 2020-12-23 09:07:16

Like other mega projects, the metro rail projects have also suffered slow implementation progress in the outgoing year due to coronavirus pandemic, making uncertain the launch of the first MRT line by...

Turkish FM to hold talks with Dr Momen to advance ties

Turkish FM to hold talks with Dr Momen to advance ties

-- 2020-12-22 22:43:44

Bangladesh and Turkey will discuss bilateral and regional issues, including Rohingya situation, on Wednesday as the two countries are keen to open a new chapter in their relations with an emphasis on...

BCCCI-ERF Award launched

BCCCI-ERF Award launched

-- 2020-12-22 21:23:06

Bangladesh-China Chamber of Commerce and Industry (BCCCI) and the Economic Reporters Forum (ERF) on Tuesday announced the launching of annual BCCCI-ERF Award to recognise booming business and economic...

Grameenphone signs agreements with six organisations to provide ICT solutions

Grameenphone signs agreements with six organisations to provide ICT solutions

FE Online Report 2020-12-22 20:46:32

Grameenphone has recently signed business agreements with six organisations to give them ICT solutions, says a press release. Grameenphon feels Bangladesh is stepping into a new era of digitization a...

Aviva Finance meets to follow Shari’ah principles

Aviva Finance meets to follow Shari’ah principles

-- 2020-12-22 20:29:15

The first meeting of Shari’ah Supervisory Committee of Aviva Finance Limited was held at the head office premises on Thursday (December 17), says a press relase. The meeting was presided by Muf...

Apple targets car production by 2024

Apple targets car production by 2024

-- 2020-12-22 19:46:30

Apple Inc is moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology, people familiar with the m...

BTRC withdraws ban on TVAS by Robi, Banglalink

BTRC withdraws ban on TVAS by Robi, Banglalink

-- 2020-12-22 17:00:07

Bangladesh Telecommunication Regulatory Commission (BTRC) has temporarily withdrawn an order issued against leading mobile operators Robi and Banglalink to stop their telecommunication value-added ser...

PFAN provides financing opportunity for environment-friendly companies

PFAN provides financing opportunity for environment-friendly companies

FE ONLINE REPORT 2020-12-22 16:41:15

Bangladeshi companies working in the climate-resilient, environment-friendly, clean and renewable energy-efficient sector have a great opportunity to get project financing from Private Financing Advis...