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The Financial Express

Search results for: Trade

Dhaka chamber partners with BIAC for settlement of commercial disputes

Dhaka chamber partners with BIAC for settlement of commercial disputes

FE ONLINE REPORT 2020-11-28 13:17:54

Dhaka Chamber of Commerce & Industry (DCCI) has signed a Memorandum of Understanding (MoU) with Bangladesh International Arbitration Centre (BIAC), an Alternative Dispute Resolution (ADR) institut...

Winter knocking on the door as warm clothes market getting crowded

Winter knocking on the door as warm clothes market getting crowded

FE REPORT 2020-11-28 10:22:26

The sale of warm clothes has gained ground in Dhaka city due to a gradual fall in mercury at the start of winter season. Visiting different permanent and makeshift shops on Friday, the FE found peo...

Tk 172b sought for Dhaka-Sylhet highway, Planning Commission recommends cost rationalisation

Tk 172b sought for Dhaka-Sylhet highway, Planning Commission recommends cost rationalisation

FHM HUMAYAN KABIR 2020-11-28 10:18:00

The Roads and Highways Department (RHD) has undertaken Dhaka-Sylhet road development project at a high cost, proposing Tk 821.14 million for widening each kilometre of the highways, insiders said on...

Smart Group to export facemasks to five countries

Smart Group to export facemasks to five countries

JASIM UDDIN HAROON 2020-11-28 10:13:11

A local clothing unit, aligned with Chinese entrepreneurs, is set to export KN95 facemasks to multiple economies, including the USA, diversifying the country's $33.7-billion export basket. The clot...

IMF finds absence of effective banking supervision, BB uncomfortable publishing report

IMF finds absence of effective banking supervision, BB uncomfortable publishing report

SYFUL ISLAM 2020-11-28 08:13:40

The Bangladesh Bank (BB) has expressed its serious reservation about the several observations made by the International Monetary Fund (IMF) in its Financial Sector Stability Review (FSSR) report. The...

Beximco plans to import 1.0m more vaccines for private sector employees

Beximco plans to import 1.0m more vaccines for private sector employees

-- 2020-11-27 23:03:23

Beximco Pharmaceuticals is planning to import 1.0 million more doses of the coronavirus vaccine from the Serum Institute of India for commercial distribution among employees of private firms like phar...

Domestic air travellers' turnout now almost normal

Domestic air travellers' turnout now almost normal

FE REPORT 2020-11-27 10:27:34

Domestic passenger turnout has reached almost its pre-Covid stage, a top official of a private airliner said. He said people now try to reduce six to eight hours' exposure by travelling and opt for a...

Banks on the back foot in financing infrastructure projects

Banks on the back foot in financing infrastructure projects

FE REPORT 2020-11-27 10:19:19

Most of the banks in the country do not feel comfortable to finance infrastructure projects mainly due to longer concession period of the projects than the banks' loan tenure of only 5-7 years at best...

Bangladesh's apparel sector leader wants Covid-19 support until June

Bangladesh's apparel sector leader wants Covid-19 support until June

FE REPORT 2020-11-27 10:18:16

BGMEA President Dr Rubana Huq said on Thursday the readymade garment (RMG) sector needs support until next June amid the pandemic. The chief of Bangladesh Garment Manufacturers and Exporters Associat...

Many auditors ‘flout reporting rules’

Many auditors ‘flout reporting rules’

FE REPORT 2020-11-27 09:39:10

Speakers at an event on Thursday said many auditors often violate the rules and regulations of financial reporting and some companies prepare two financial statements with an ulterior motive. They we...

Massive job cuts at Disney

Massive job cuts at Disney

REUTERS 2020-11-26 14:34:47

Walt Disney Co said on Wednesday (US standard time) it would lay off 32,000 workers, primarily at its theme parks, an increase from the 28,000 it announced in September, as the company struggles with...

Fast fashion largely responsible for gender violence: Study

Fast fashion largely responsible for gender violence: Study

MONIRA MUNNI 2020-11-26 10:33:22

Majority or 75 per cent of the surveyed garment workers in Bangladesh have faced gender-based violence and sexual harassment regularly, according to a recent study. It also revealed that the main r...

Edible oil prices hit nine-year high in Bangladesh market

Edible oil prices hit nine-year high in Bangladesh market

YASIR WARDAD 2020-11-26 10:24:49

Edible oil prices hit a nine-year high in the country, as loose soybean oil retailed at maximum Tk 115 a litre on Wednesday. Palm oil, the key cooking oil for poor, soared further to Tk 102-105 a lit...

DCCI teams up with ICMAB to facilitate business

DCCI teams up with ICMAB to facilitate business

FE Online Report 2020-11-25 19:13:36

Dhaka Chamber of Commerce and Industry (DCCI) signed a Memorandum of Understanding (MoU) with the Institute of Cost and Management Accountants of Bangladesh (ICMAB) on Tuesday. DCCI President Shams M...

Apparel exporters want simplification of rules for procuring raw materials

Apparel exporters want simplification of rules for procuring raw materials

DOULOT AKTER MALA 2020-11-25 15:08:44

The country's apparel manufacturers and exporters, who use local raw materials, are facing difficulties in procuring inputs due to Bangladesh Bank’s mandatory rule to have bond licences for open...

Uniform LPG price most likely with 25pc subsidy

Uniform LPG price most likely with 25pc subsidy

M AZIZUR RAHMAN 2020-11-25 11:05:37

The country's energy regulator has suggested a subsidy of 25 per cent on the import price of LPG, or liquefied petroleum gas, for the operators to keep the cost of the cooking fuel within the reach...

Trading major business of Bangladesh SMEs: Survey

Trading major business of Bangladesh SMEs: Survey

FE REPORT 2020-11-25 10:08:26

Trading has emerged as the most dominant SME business in Bangladesh followed by manufacturing, according to a latest survey released on Tuesday. The survey said some 69 per cent SMEs is involved in t...

Historic Kamalapur railway building to be demolished

Historic Kamalapur railway building to be demolished

MUNIMA SULTANA 2020-11-25 10:06:53

The Bangladesh Railway (BR) will demolish the historic Kamalapur rail station building in order to accommodate space for mass rapid transit (MRT) line-06. To this end, a coordination meeting of BR,...

Payra seaport project cost four-time higher now!

Payra seaport project cost four-time higher now!

FE REPORT 2020-11-25 09:56:17

The government has endorsed four-time higher project cost as the Payra Port Authority (PPA) has failed to acquire required land for seaport infrastructure development in five years. The PPA will no...

LankaBangla credit card spending campaign’s awards giving ceremony 

LankaBangla credit card spending campaign’s awards giving ceremony 

-- 2020-11-24 22:31:46

LankaBangla Finance Limited recently organised a award giving ceremony titled "Spend More, Win Extra" - Spend Campaign. The campaign ran jointly by LankaBangla Finance Limited and Esquire Electronic...

First Bangladeshi Int'l motorcycle brand winning Superbrands

First Bangladeshi Int'l motorcycle brand winning Superbrands

FE Online Desk 2020-11-24 21:27:21

Runner became the first Bangladeshi International Motorcycle Brand Winning Superbrands for the year 2020-21. It was announced at a grand online award ceremony recently.   Salman Fazlur Rahma...

MetLife introduces direct premium payment through bKash

MetLife introduces direct premium payment through bKash

FE Online Desk 2020-11-24 12:42:43

As consumer demand for mobile financial services continues to surge in the wake of COVID-19, MetLife Bangladesh has introduced even more convenient ways of premium payment through bKash. MetLife&rsquo...

Online land development tax system by March

Online land development tax system by March

FE REPORT 2020-11-24 10:29:12

The online land development tax system will be fully operational by March next year as the ongoing training on it will be completed by next month, a high official of the land ministry said on Monday....

Coronavirus: World’s largest latex glove maker shuts factories

Coronavirus: World’s largest latex glove maker shuts factories

-- 2020-11-24 10:27:29

The world's largest maker of latex gloves will shut more than half of its factories after almost 2,500 employees tested positive for coronavirus. Malaysia's Top Glove will close down 28 plants in pha...

Garment exporters demand waiver from emergency charges

Garment exporters demand waiver from emergency charges

MONIRA MUNNI 2020-11-24 10:08:26

Apparel makers have demanded the withdrawal of emergency cost recovery surcharges (ECRS) imposed by feeder vessel operators on Bangladesh's outbound and inbound shipments. Feeder vessel operators to...

Social media giants to be allowed to register with Bangladesh's revenue board

Social media giants to be allowed to register with Bangladesh's revenue board

DOULOT AKTER MALA 2020-11-24 09:53:58

The National Board of Revenue (NBR) is set to allow social media giants to register with the VAT department, though the foreign companies have no local bank accounts. The requirement for having a loc...

SMEs contribute over 80pc to industrial employment

SMEs contribute over 80pc to industrial employment

-- 2020-11-23 20:39:27

Small and medium-sized enterprises (SMEs) contribute 80 to 85 per cent to the industrial employment of the country, according to a new study. According to the research, conducted by the SME Foundatio...

New showroom of Minister inaugurated in Syedpur

New showroom of Minister inaugurated in Syedpur

-- 2020-11-23 19:26:16

The 136th showroom of Minister was recently inaugurated on Dinajpur Road in Syedpur. Syedpur Upazila Chairman Moksedul Momin inaugurated the showroom, according to a press release. Minister GM Md....

WTO’s new trade report focuses innovation

WTO’s new trade report focuses innovation

FE Online Report 2020-11-23 19:04:19

The shift towards digitalisation and knowledge-based economies highlights the increasing importance of innovation and technology to economic growth, observed the World Trade Organization (WTO) in its...

Bangladesh raises Boro rice acreage target by 50,000 hectares

Bangladesh raises Boro rice acreage target by 50,000 hectares

FE REPORT 2020-11-23 10:27:38

The government has set a target of increasing the acreage of Boro crop by 50,000 hectares this year aiming to meet production shortfall. "We were expecting a fall in Aman output to some extent amid...