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The Financial Express

Search results for: Trade

Hi-Tech Park investors to get more services online

Hi-Tech Park investors to get more services online

FE REPORT 2020-10-23 10:40:24

The Bangladesh Hi-Tech Park Authority (BHTPA) formally added nine more services to its virtual One Stop Service (OSS) platform on Thursday to facilitate more investment for the businesses. With the n...

Traders back potato export ban until Dec

Traders back potato export ban until Dec

REZAUL KARIM 2020-10-23 10:00:55

In line with the government's desire, the country's cold storage owners want to suspend potato exports until December to stabilise the price of widely-consumed vegetables in the market. The Banglades...

Bangladesh leather exports shrink in July-Sept period

Bangladesh leather exports shrink in July-Sept period

MONIRA MUNNI 2020-10-23 09:53:33

The country's export earnings from leather and leather goods contracted during the first quarter of current fiscal year. Bangladesh fetched US$ 225.15 million from leather and leather goods exports d...

Padma bridge design fault in rail, road link yet to be resolved

Padma bridge design fault in rail, road link yet to be resolved

MUNIMA SULTANA 2020-10-23 09:41:03

Bangladesh Bridge Authority (BBA) has rejected the Bangladesh Railway's (BR) revised design of height clearance between approach roads and elevated rail tracks of Padma bridge. Sources said the BBA c...

Bangladesh sees surge in credit card use

Bangladesh sees surge in credit card use

FHM Humayan Kabir 2020-10-23 09:29:18

The use of credit cards of the commercial banks and financial institutions (FIs) in Bangladesh has gone up sharply, as their month-on-month transactions boosted by 50 per cent within a year, officia...

Synesis IT bringing  world class video conferencing platform

Synesis IT bringing world class video conferencing platform

FE Online Desk 2020-10-23 01:03:20

Synesis IT, a leading company in the domestic information & technology sector, is going to bring a world-class video conferencing platform. The R & D wing of the company is already close to ac...

IFC supporting SMEs of Bangladesh during pandemic

IFC supporting SMEs of Bangladesh during pandemic

-- 2020-10-22 20:24:42

International Finance Corporation (IFC) is helping to preserve thousands of jobs in Bangladesh through an investment in Prime Bank Limited to support small and medium enterprises (SMEs) and companies...

Nagad makes it to ‘Inclusive Fintech 50 cohort’ list for 2020

Nagad makes it to ‘Inclusive Fintech 50 cohort’ list for 2020

-- 2020-10-22 18:09:55

Inclusive Fintech 50, a renowned group of global organisations driving innovation and investment in financial services for the low-income population, has listed Bangladesh Postal Department’s di...

Indo-Pacific Business Forum on Oct 28-29

Indo-Pacific Business Forum on Oct 28-29

-- 2020-10-22 16:48:07

Indo-Pacific Business Forum will be held on October 28-29 with the robust agenda featuring leaders who determine the strategic direction of the Indo-Pacific. The programme features US Secretary of St...

Jamuna Bank inaugurates sub-branch at Araihazar of Narayangonj

Jamuna Bank inaugurates sub-branch at Araihazar of Narayangonj

FE ONLINE DESK 2020-10-22 15:34:58

Jamuna Bank Limited has inaugurated a sub-branch at Banti Bazar area under its Bhulta Branch in Araihazar upazila of Narayangonj district recently. Alhaj Nazrul Islam Babu, Parliament Member, Narayan...

Emirates, Airlink sign interline agreement

Emirates, Airlink sign interline agreement

FE Online Desk 2020-10-22 14:13:13

Emirates and Airlink- a privately-owned regional airline serving a comprehensive network of smaller destinations throughout Southern Africa have announced an interline agreement. The agreement will p...

Covid hits non-life insurers’ earnings

Covid hits non-life insurers’ earnings

FE REPORT 2020-10-22 09:50:43

The overall gross earnings of the non-life insurance industry plunged by more than 20 per cent in April-June period from that in the January-March period, 2020. The premium of 46 non-life firms amo...

BB-authorised dealers can now import gold jewellery

BB-authorised dealers can now import gold jewellery

FE REPORT 2020-10-22 09:33:40

The central bank has given exclusivity to authorised gold dealers (AGDs) for importing the ornaments in line with the gold policy-2018, officials said. "....nowit has been decided that import of gold...

Govt to import 80,000 MTs urea fertiliser

Govt to import 80,000 MTs urea fertiliser

-- 2020-10-21 19:24:35

The government has decided to import 80,000 metric tonnes (MTs) of bulk urea fertiliser at Tk 1.74 billion. The Cabinet Committee on Public Purchase on Wednesday approved three separate proposals in...

TCB starts selling potato at Tk 25 a kg through OMS

TCB starts selling potato at Tk 25 a kg through OMS

FE ONLINE REPORT 2020-10-21 18:43:38

The state-owned Trading Corporation of Bangladesh (TCB) started the open market sale (OMS) of potato at subsidised rate of Tk 25 a kilogramme in the city on Wednesday. TCB spokesperson Humayun Kabir...

EBL opens fifth sub-branch at KEPZ

EBL opens fifth sub-branch at KEPZ

-- 2020-10-21 18:07:33

Eastern Bank Limited (EBL) opened its fifth sub-branch at Karnaphuli Export Processing Zone (KEPZ) at Patenga in Chattogram on Wednesday.  Mesbah Uddin Ahmed, EBL’s area head of Chattogram...

Bangladesh a great investment destination for Japanese investors

Bangladesh a great investment destination for Japanese investors

-- 2020-10-21 17:48:58

HSBC Bangladesh in partnership with JETRO organised a webinar titled ‘Bangladesh-Japan Business Corridor: Stakeholders Dialogue and Way Forward’ in the city on Wednesday. The webinar was...

Over 0.23m apparel workers under BWB yet to join factories: ILO report

Over 0.23m apparel workers under BWB yet to join factories: ILO report

FE Online Report 2020-10-21 15:25:23

As many as 230,749 garment workers did not return to their workplaces in Bangladesh despite reopening of the factories amid the coronavirus pandemic, according to a latest report of ILO published Wedn...

Cathay Pacific cuts 8,500 jobs

Cathay Pacific cuts 8,500 jobs

-- 2020-10-21 13:11:59

Cathay Pacific has announced it is closing its subsidiary Cathay Dragon and cutting 8,500 jobs. Cathay Dragon was a full service regional carrier flying mainly to mainland China and other Asian desti...

Bangladesh startup raises $22.5m from foreign investors

Bangladesh startup raises $22.5m from foreign investors

FE REPORT 2020-10-21 11:13:34

ShopUp, a Bangladeshi business-to-business digital commerce platform for micro and small entrepreneurs, has raised $22.5 million from foreign investors, several global media outlets reported on Tuesda...

Google sued, US may split $1.0tn company

Google sued, US may split $1.0tn company

REUTERS 2020-10-21 10:46:17

The US sued Google on Tuesday, accusing the $1.0 trillion company of illegally using its market muscle to hobble rivals in the biggest challenge to the power and influence of Big Tech in decades. The...

New facility to cut lead time, transport costs for exporters, importers

New facility to cut lead time, transport costs for exporters, importers

MUNIMA SULTANA 2020-10-21 10:13:55

Lead time and transport costs are likely to be reduced significantly as a new provision will allow investors at export processing zones to use same containers for export-import shipments. Investors...

Two closed jute mills: Govt releases Tk 2.75b loan to pay dues

Two closed jute mills: Govt releases Tk 2.75b loan to pay dues

FE REPORT 2020-10-21 09:57:25

The government has released more than Tk 2.75 billion as operating loan to pay workers' arrears of two closed state-owned jute mills, officials said. They are Crescent Jute Mills Co. Ltd and Rajsha...

Clueless, authorities plan potato imports to cut price

Clueless, authorities plan potato imports to cut price

FE REPORT 2020-10-21 09:36:28

The government was clueless about the abrupt potato price hike, agriculture minister Dr Mohammad Abdur Razzaque said on Tuesday, hinting at import to stop the market from getting overheated. "Our key...

Banks need to install advanced cybersecurity system: Experts

Banks need to install advanced cybersecurity system: Experts

-- 2020-10-20 21:11:12

Bangladeshi banks need to adopt an advanced cybersecurity system in line with the regulatory guidelines amid concern that the infrastructures in the country’s banking sector dangerously lags beh...

BD Finance holds boot camp programme

BD Finance holds boot camp programme

-- 2020-10-20 18:41:17

Bangladesh Finance and Investment Company Limited (BD Finance), one of the leading non-banking financial institutions (NBFI) in the country, organised an event titled ‘Scaling Up Bootcamp-2020&r...

Govt fixes retail price of potato at Tk 35 a kg

Govt fixes retail price of potato at Tk 35 a kg

FE ONLINE REPORT 2020-10-20 16:49:04

The government reviewed the maximum retail price of potato at Tk 35 a kg on Tuesday amid urgency from traders. Maximum cold storage level price has been re-fixed at Tk 27 and wholesale level price at...

Bangladesh garment workers pray for orders as pandemic shreds exports

Bangladesh garment workers pray for orders as pandemic shreds exports

REUTERS 2020-10-20 14:52:39

Bangladesh garment factory owner Shahidullah Azim laid off 20 per cent of his workers in the wake of the first wave of the coronavirus pandemic. Now watching the second wave build in Europe and the Un...

Biman resumes flight to Rome Oct 28

Biman resumes flight to Rome Oct 28

-- 2020-10-20 14:43:52

Biman Bangladesh Airlines has moved to operate a flight from Dhaka to Rome from October 28. The decision has been made as Italy has withdrawn a flight embargo for Bangladeshis with valid stay permits...

Cottage entrepreneurs display products at BSCIC fair

Cottage entrepreneurs display products at BSCIC fair

FE REPORT 2020-10-20 10:53:04

A five-day fair began on the premises of Bangladesh Small and Cottage Industries Corporation (BSCIC) headquarters at Motijheel in the city on Sunday. Some 60 small and cottage entrepreneurs are parti...