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The Financial Express

Search results for: Trade

Bangladesh among 47 LDCs to enjoy tariff-free exports  to UK

Bangladesh among 47 LDCs to enjoy tariff-free exports to UK

-- 2020-11-11 16:45:32

The United Kingdom (UK) said imports from 47 of the world’s least developed countries, including Bangladesh, will not face any tariffs – supporting their economic development through busin...

Daraz hosting the world's biggest sale 11.11

Daraz hosting the world's biggest sale 11.11

FE Online Desk 2020-11-11 14:09:36

Daraz Bangladesh, a concern of China-based Alibaba Group, is holding what is called the world’s biggest online sale 11.11 (Eleven Eleven) on Wednesday. Daraz (daraz.com.bd), which is Bangladesh...

Bangladeshi banks’ disclosure rules changed

Bangladeshi banks’ disclosure rules changed

FE REPORT 2020-11-11 10:48:59

The central bank has amended its instruction, allowing banks to provide their market disclosures within seven working days of finalising the annual audited financial statements, instead of March or Se...

Sales of warm clothes increase as winter almost arrives

Sales of warm clothes increase as winter almost arrives

FE REPORT 2020-11-11 10:39:41

As the mercury has started falling at the advent of winter, winter cloth trade has gathered momentum in Dhaka city's dress markets. Talking to wholesalers on Monday, the FE found retailers, mostly fr...

Move to prevent rawhide price debacle

Move to prevent rawhide price debacle

FE Report 2020-11-11 10:23:58

The government plans to take up a project in a bid to prevent price debacle with improving the preserving process of rawhide (salted/non-salted) of cows, goats and buffaloes, sources said. The decisi...

30 treasury bonds selected for benchmarking

30 treasury bonds selected for benchmarking

JASIM UDDIN HAROON 2020-11-11 10:04:24

The Bangladesh Bank (BB) has selected 30 treasury bonds for benchmarking as part of its latest move to develop a secondary market for the government securities. It took the ones, which are frequently...

Biman to launch Sylhet-Cox’s Bazar flight from Thursday

Biman to launch Sylhet-Cox’s Bazar flight from Thursday

-- 2020-11-10 21:29:13

Biman Bangladesh Airlines is set to start direct flights on Sylhet-Cox's Bazar route from Thursday (November 12). The flight will leave Sylhet for Cox's Bazar at 11:45 AM every Tuesday and at 11...

International accredited lab, processing centre to be set up at Purbachal   

International accredited lab, processing centre to be set up at Purbachal  

FE Online Report 2020-11-10 20:39:44

Agriculture Minister Dr Muhammad Abdur Razzaque Sunday said an international accredited laboratory and agro processing centre will be set up at Purbachal area in the capital to accelerate exports and...

European Union charges Amazon with damaging retail competition

European Union charges Amazon with damaging retail competition

-- 2020-11-10 20:29:32

The European Union has charged Amazon with damaging retail competition, accusing the US company of using its size, power and data to give it an unfair advantage over smaller merchants that sell on its...

Pizza Hut introduces pizzas with plant-based meat in US, UK

Pizza Hut introduces pizzas with plant-based meat in US, UK

-- 2020-11-10 20:15:18

Pizza Hut on Tuesday launched two pizzas with plant-based meat maker Beyond Meat's sausage in the United States and the United Kingdom for a limited time, taking advantage of the consumer craze for pl...

Oil gains as vaccine hopes outweigh lockdown impact

Oil gains as vaccine hopes outweigh lockdown impact

Reuters 2020-11-10 19:42:48

Oil prices rose on Tuesday as hopes that a COVID-19 vaccine could be on the horizon outweighed the expected negative impact on fuel demand of new lockdowns to curb the virus. Brent crude LCOc1 future...

Huawei to sell its Honor smartphone unit for $15b to Shenzhen government

Huawei to sell its Honor smartphone unit for $15b to Shenzhen government

-- 2020-11-10 19:40:40

Huawei plans to sell budget-brand smartphone unit Honor in a 100 billion yuan ($15.2 billion) deal to a consortium led by handset distributor Digital China and the government of its home town of Shenz...

Bangladesh halts bid to import spot LNG

Bangladesh halts bid to import spot LNG

M AZIZUR RAHMAN 2020-11-10 10:16:00

Bangladesh has cancelled tenders to import LNG (liquefied natural gas) from spot market in December as evaluators found too 'expensive' the bidding for two 138,000-cubic metre LNG cargoes. Rupantarit...

ADB finds low education, skill level major challenge for Bangladeshi workforce

ADB finds low education, skill level major challenge for Bangladeshi workforce

FE Report 2020-11-10 10:11:25

The low-level education and skill of the majority of the workforce in Bangladesh remains a major constraint on the labout productivity and it poses a challenge to achieving the high economic growth, a...

Customs rules allow reuse of containers by EPZ factories

Customs rules allow reuse of containers by EPZ factories

Doulot Akter Mala 2020-11-10 09:50:45

The National Board of Revenue (NBR) has allowed repurposed use of containers for the export-oriented industries located within the export processing zones. With the relaxation of customs rules, expor...

Bangladesh market sees edible oil price rise

Bangladesh market sees edible oil price rise

FE Report 2020-11-10 09:45:28

The prices of edible oils have witnessed yet another hike during the current week across the country, as a litre of bottled soybean oil is now being sold at Tk 115-120 at the retail level. Both loose...

Land transfer tax halved in Dhaka, Chattogram

Land transfer tax halved in Dhaka, Chattogram

FE REPORT 2020-11-10 09:44:46

The government has halved the tax for transferring immovable property by the companies located in city corporation areas of Dhaka and Chattogram. The property transfer tax has been cut to 1.0 per cen...

Businessman gets 500pc cash  voucher buying Walton refrigerator   

Businessman gets 500pc cash voucher buying Walton refrigerator  

-- 2020-11-09 22:14:22

Adnan Niaz, a businessman in Faridpur, received a cash voucher worth 500 per cent of the price of Walton fridge he had purchased under the local brand’s nationwide ongoing ‘Digital Campaig...

Commerce ministry urges trade bodies to ensure use of masks

Commerce ministry urges trade bodies to ensure use of masks

FE Online Report 2020-11-09 17:26:16

Ministry of Commerce on Monday urged the country's trade bodies to ensure use of face masks to stem the second wave of Covid-19. Citing a circular of the Directorate General of Health Services, the m...

Evaly receives e-Commerce Movers Award

Evaly receives e-Commerce Movers Award

FE Online Desk 2020-11-09 16:06:56

Ecommerce-based market place Evaly.com.bd has received the e-Commerce Movers Award (eCMA) for its food delivery service ‘efood’. On Sunday night, 100 e-commerce organisations and 12 indiv...

Samsung may launch Galaxy S phones early to grab Huawei share

Samsung may launch Galaxy S phones early to grab Huawei share

REUTERS 2020-11-09 12:58:34

Samsung Electronics Co Ltd may launch its flagship Galaxy S smartphones more than a month earlier than expected in a bid to grab market share from Huawei and fend off competition from Apple Inc,...

Regulator fines Delta Life Insurance

Regulator fines Delta Life Insurance

FE REPORT 2020-11-09 10:43:15

The insurance regulator has fined one of the largest life insurers as it said the company has violated a section of the insurance law of 2010. The Insurance Development and Regulatory Authority (IDRA...

Boosting agro-processing critical for profitable farming: Minister

Boosting agro-processing critical for profitable farming: Minister

FE REPORT 2020-11-09 10:29:05

The government is laying emphasis on agro processing industries to boost commercial agriculture aiming to make farming profitable, agriculture minister Dr Muhammad Abdur Razzaque told a webinar on S...

Dhaka negotiating with Beijing for financing four mega projects

Dhaka negotiating with Beijing for financing four mega projects

MIR MOSTAFIZUR RAHAMAN 2020-11-09 10:20:27

Bangladesh is now in discussion with China for implementation of four new mega projects in the country with Chinese funding. These projects, involving several billion dollars, are considered very imp...

Bangladesh's imports from Asian countries rise 22pc

Bangladesh's imports from Asian countries rise 22pc

FE REPORT 2020-11-09 10:07:19

The country's imports from the member countries of Asian Clearing Union (ACU) increased by nearly 22 per cent in the September-October period of this calendar year, officials said. The amount of bi...

Mr Baker hiding sales info, evading tax, says VAT intelligence

Mr Baker hiding sales info, evading tax, says VAT intelligence

FE REPORT 2020-11-09 10:01:46

A revenue intelligence team has unearthed concealment of sales information worth Tk 2.65 billion and VAT (value added tax) evasion worth Tk 800 million by Mr Baker Cake and Pastry Shop Limited. The V...

‘500,000 people will get jobs in e-commerce sector in five years’

‘500,000 people will get jobs in e-commerce sector in five years’

-- 2020-11-08 23:25:31

State Minister for Information and Communication Technology (ICT) Junaid Ahmed Palak has said more than 500,000 people will get jobs in the country’s e-commerce sector in the next five years. &...

SWAP and OPPO sign exchange offer agreement

SWAP and OPPO sign exchange offer agreement

-- 2020-11-08 21:05:38

An exchange offer agreement was signed on November 03, 2020, between SWAP, the first-ever re-commerce brand of Bangladesh, and OPPO, a smartphone brand, says a press release.    Parvez Hoss...

Biden's trade policy will take aim at China, embrace allies

Biden's trade policy will take aim at China, embrace allies

Reuters 2020-11-08 20:13:34

US President-elect Joe Biden has pledged to work more closely with US allies in confronting China on trade and is seen as unlikely to roll back his predecessor's tariffs on imported steel, aluminium,...

‘ENE DAO’ starts journey to make online shopping easier

‘ENE DAO’ starts journey to make online shopping easier

FE ONLINE DESK 2020-11-08 15:20:57

Ene Dao, an on-demand online delivery service, has started its journey to meet the entire household requirements.  The start-up has been formed by few young entrepreneurs with an aim to provide...