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The Financial Express

Search results for: Trade

Govt moves to build cold storage for onion

Govt moves to build cold storage for onion

FE REPORT 2020-10-12 10:02:26

The government has decided to build a cold storage for onion aiming to ensure the supply of the key spice item during the lean period, officials said. Provisionally, the proposed storage will be set...

Flag vessels law may create difficulties for feeder operators

Flag vessels law may create difficulties for feeder operators

SYFUL ISLAM 2020-10-12 09:46:50

The container feeder vessels calling at the Chattogram port are set to face fresh troubles as the Bangladesh Flag Vessels (Protection of Interest) Act has made it mandatory for them to obtain waiver c...

Some NBR men abet influentials in legalising black money

Some NBR men abet influentials in legalising black money

Doulot Akter Mala 2020-10-12 09:39:44

The revenue board has found evidence of nexus between its staffers and some taxpayers for evading taxes by forming fund or showing assets with backdates in their tax files. Resorting to such a malp...

282 jute goods declared ‘versatile jute products’

282 jute goods declared ‘versatile jute products’

-- 2020-10-11 16:28:08

Considering the demand in domestic and international markets and the global expansion of jute industry, the government has declared 282 types of attractive jute goods ‘versatile jute products&rs...

Thai visa processing to get easier for Bangladeshis

Thai visa processing to get easier for Bangladeshis

FE Online Report 2020-10-11 13:41:08

Thai visa processing is going to be easier and quicker for Bangladeshi businessmen and other people. Arunrung Phothong Humphreys, the outgoing Thailand Ambassador to Bangladesh, said this while addre...

Krishi Bank seeks Tk 103b zero-coupon bond

Krishi Bank seeks Tk 103b zero-coupon bond

REZAUL KARIM 2020-10-11 10:24:08

The Bangladesh Krishi Bank (BKB) has requested the government to issue redeemable zero-coupon bond worth Tk 103.18 billion to meet its capital shortfall. Officials said the state-owned BKB has sought...

New customs law soon to smoothen cross-border trade

New customs law soon to smoothen cross-border trade

DOULOT AKTER MALA 2020-10-11 09:55:27

The new customs act, containing a number of provisions designed to automate the customs administration and facilitate cross-border trade, is expected to be passed in the next session of parliament (Ja...

Bangladesh's jobless workers of apparel, leather sectors to get handouts

Bangladesh's jobless workers of apparel, leather sectors to get handouts

Monira Munni 2020-10-11 09:32:11

The government has drafted guidelines for implementing a social safety net programme for the workers of export-oriented readymade garment, leather and footwear sectors who have lost jobs during the pa...

Daraz launches '10.10’ sales campaign

Daraz launches '10.10’ sales campaign

-- 2020-10-10 20:00:49

Daraz Bangladesh, a concern of Alibaba Group and the country's largest online marketplace has organised ‘10.10’ sales campaign for the third time. Millions of products will be sold at dis...

Microsoft makes remote work option permanent

Microsoft makes remote work option permanent

-- 2020-10-10 17:45:23

Microsoft has told staff that they will have the option of working from home permanently with manager approval. The move mimics the US tech giant's rivals Facebook and Twitter, which have also said r...

Investment outreach event held to promote Bangladesh as next FDI frontier of Asia

Investment outreach event held to promote Bangladesh as next FDI frontier of Asia

FE Online Desk 2020-10-10 15:48:37

An international investment outreach event was held recently to promote Bangladesh as the next FDI frontier of Asia to global investors based out of Singapore. Thursday’s event, jointly organis...

Online shopping fest begins in Dhaka city

Online shopping fest begins in Dhaka city

FE REPORT 2020-10-10 10:21:26

A 10-day online shopping festival kicked off in Dhaka city on Friday with an eye to expanding e-commerce business and increasing its popularity in Bangladesh. Fourteen local e-commerce entities are...

Pandemic brings tough times for Bangladesh steel rod makers

Pandemic brings tough times for Bangladesh steel rod makers

SAIF UDDIN 2020-10-10 10:05:00

The country's steel rod manufacturing sector is going through a tough time due to lower demand for the key construction materials and soaring raw material prices in the global market amid the ongoin...

Egg production in Bangladesh increased by 2.86 times

Egg production in Bangladesh increased by 2.86 times

FE Online Report 2020-10-09 17:40:09

Egg production in Bangladesh increased by 2.86 times in the last 10 years, according to a keynote paper. The paper also revealed that per capita egg consumption in the country reached 104.23 this yea...

Singapore Airlines to resume Dhaka flights on October 20

Singapore Airlines to resume Dhaka flights on October 20

-- 2020-10-09 16:21:11

Singapore Airlines (SIA) is set to resume its passenger flights on the Dhaka-Singapore route on October 20. The airline will carry passengers every Tuesday and Thursday on its Airbus A350-900 aircraf...

Dollar slips, yuan soars

Dollar slips, yuan soars

REUTERS 2020-10-09 14:51:32

The dollar edged lower on Friday and was headed for a second consecutive week of losses as investors increased bets Joe Biden would win the US presidency and offer fiscal stimulus after the elections....

Bangladesh imports 7.1 million bales of cotton in FY 2019-20

Bangladesh imports 7.1 million bales of cotton in FY 2019-20

FE ONLINE REPORT 2020-10-09 13:47:30

Bangladesh imported 7.1 million bales of cotton in the 2019-20 financial year at a cost of around Tk 300 billion (30,000 crore). The Cotton Development Board (CDB), under the Ministry of Agriculture,...

Bangladeshi garments see demand revival, though BGMEA not convinced

Bangladeshi garments see demand revival, though BGMEA not convinced

MONIRA MUNNI 2020-10-09 09:56:32

Global sourcing demand is picking up pace in manufacturing hubs throughout Asia with Vietnam and Bangladesh ahead of the pack, says a new report. Last month, the demand for textile and apparel inspec...

VAT intelligence unearthed Tk 1.47 billion concealment

VAT intelligence unearthed Tk 1.47 billion concealment

FE ONLINE REPORT 2020-10-08 19:52:02

VAT intelligence team has unearthed concealment of sales information worth Tk 1.47 billion from Ujala paint factory. A team of VAT intelligence conducted a raid at the factory’s Shingair Road f...

Alibaba-backed Paytm targets a million apps to take on Google

Alibaba-backed Paytm targets a million apps to take on Google

-- 2020-10-08 19:03:24

Alibaba-backed Indian financial technology firm Paytm is aiming for a million apps on its ‘mini app store’ by the first quarter of 2021, it said on Thursday, seeking to challenge the domin...

Hike in prices of essentials adds woes to consumers

Hike in prices of essentials adds woes to consumers

FE Online Report 2020-10-08 18:55:19

Prices of rice, onions and some vegetables witnessed a hike again last week adding more woes to the consumers. Broiler chicken witnessed a slight hike too during the period. Prices of coarse and med...

Walton awards 26 individuals, organisations for outstanding branding activities

Walton awards 26 individuals, organisations for outstanding branding activities

-- 2020-10-08 18:54:38

Walton, the leading Bangladeshi electronics company, has awarded 26 individuals and organisations for their outstanding branding activities under its ongoing Digital Campaign Season-8.  The awar...

NRBC Bank opens its 76th branch in Bhanga

NRBC Bank opens its 76th branch in Bhanga

-- 2020-10-08 17:23:03

NRB Commercial Bank Limited launched its 76th Branch at Loknath Bhaban (2nd floor), 89 Shari Potti, Bhanga Bazar, Bhanga, Faridpur on Thursday. Chairman of the bank Mr SM Parvez Tamal presided over t...

City Bank introduces the country’s first  Real Time Cash Deposit Machine

City Bank introduces the country’s first Real Time Cash Deposit Machine

FE Online Desk 2020-10-08 16:56:09

City Bank on Thursday launched Real Time Cash Deposit Machine for the first time in Bangladesh at Head Office ground floor. Bank’s Managing Director & CEO Mashrur Arefin inaugurated the newl...

WTO to appoint first female boss as shortlist narrows to two

WTO to appoint first female boss as shortlist narrows to two

-- 2020-10-08 16:54:25

The World Trade Organization is set to be run by a woman for the first time in its 25-year history after it was announced that the final choice to be its new director-general will be between South Kor...

Samsung Electronics' operating profit hits two-year high in Q3

Samsung Electronics' operating profit hits two-year high in Q3

-- 2020-10-08 10:24:18

Operating profit of Samsung Electronics, South Korea's tech behemoth, hit the highest in two years in the third quarter (Q3), the company said Thursday. Preliminary figure for operating profit amount...

Databank being prepared to list stranded Bangladeshi migrant workers

Databank being prepared to list stranded Bangladeshi migrant workers

FE REPORT 2020-10-08 09:53:13

The expatriates' welfare ministry is creating a databank on returned and stranded migrant workers whose work permits and visas have expired and they cannot rejoin their works abroad. The ministry has...

Chittagong port provides eco-friendly fuel oil to ships to curb marine pollution

Chittagong port provides eco-friendly fuel oil to ships to curb marine pollution

OUR CORRESPONDENT 2020-10-08 09:47:30

CHATTOGRAM: Both foreign and local ships are now procuring eco-friendly low sulphur fuels from Chittagong Port as the government has taken steps to supply fuels containing 0.5 per cent sulphur to th...

Bangladesh moves to take advantage of factory relocation

Bangladesh moves to take advantage of factory relocation

DOULOT AKTER MALA 2020-10-08 09:42:37

The National Board of Revenue (NBR) has moved to explore ways to lure foreign investors into relocating their factories to Bangladesh with offering them incentives. To this effect, the revenue board...

282 jute products added to list of diversified items

282 jute products added to list of diversified items

MONIRA MUNNI 2020-10-08 09:30:18

The government has declared 282 jute products as diversified items to expand the export basket and increase both local and overseas sales. Officials concerned said textiles and jute ministry on Tuesd...