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The Financial Express

Search results for: Trade

Deliver faster, simplified services to RMG exporters: BGMEA to Customs House

Deliver faster, simplified services to RMG exporters: BGMEA to Customs House

FE ONLINE DESK 2022-12-04 20:38:51

BGMEA President Faruque Hassan asked Customs House, Dhaka, to make the delivery process faster and streamline other services for RMG exporters. “Given the stiff competition in the global a...

OPEC+ agrees no change to oil policy

OPEC+ agrees no change to oil policy

-- 2022-12-04 18:01:26

OPEC+ agreed to stick to its oil output targets at a meeting on Sunday, two OPEC+ sources told Reuters. The decision comes two days after the Group of Seven (G7) nations agreed a price cap on Russian...

LPG price increase by Tk 4.0 per kg

LPG price increase by Tk 4.0 per kg

-- 2022-12-04 16:55:36

The Bangladesh Energy Regulatory Commission has raised the price of liquefied petroleum gas (LPG), used for cooking and powering vehicles, by Taka four per kilogramme for December. Customers will hav...

HSBC’s Gulshan branch is first LEED Platinum certified branch in Bangladesh

HSBC’s Gulshan branch is first LEED Platinum certified branch in Bangladesh

-- 2022-12-04 16:20:33

HSBC Bangladesh Gulshan branch has received the ‘Platinum certification’ under the LEED v4 rating system, according to a press release. According to the issued statement in November 2022,...

25 organisations bag 22nd ICAB National Award

25 organisations bag 22nd ICAB National Award

FE REPORT 2022-12-04 09:14:39

Twenty-five organisations have received the 22nd ICAB National Award for best presented Annual Reports, Integrated Reporting, and Corporate Governance Disclosures -2021. Listed and non-listed banks,...

Amazon's media chief Jeff Blackburn to retire

Amazon's media chief Jeff Blackburn to retire

REUTERS 2022-12-03 13:34:36

Amazon.com Inc's top media executive Jeff Blackburn plans to retire at the start of 2023, the e-commerce giant said on Friday. The company said that the media and entertainment businesses, led by Bla...

Renault and Nissan forgo Dec 7 announcement of new deal

Renault and Nissan forgo Dec 7 announcement of new deal

REUTERS 2022-12-03 12:42:12

Automakers Renault and Nissan are set to forgo an announcement on Dec. 7 of a new deal on their restructured alliance as they struggle to bridge their differences, Japanese TV network JNN reported on...

G7 coalition agrees $60 per barrel price cap for Russian oil

G7 coalition agrees $60 per barrel price cap for Russian oil

FE ONLINE DESK 2022-12-03 09:58:46

The Group of Seven (G7) nations and Australia on Friday said they had agreed a $60 per barrel price cap on Russian seaborne crude oil after European...

Brick production hit, price rise feared as coal scarce

Brick production hit, price rise feared as coal scarce

REZAUL KARIM 2022-12-03 09:10:22

Coal-supply shortage is affecting production of local brickfields, raising fear of further price surge of the key construction material, sector insiders said. According to them, the country's brick...

65 entities get ICMAB best corporate awards

65 entities get ICMAB best corporate awards

FE REPORT 2022-12-03 09:07:46

Some 65 organisations have received the 'ICMAB Best Corporate Award 2021' for their outstanding performance to ensure corporate governance. The Institute of Cost and Management Accountants of Banglad...

BOESL revises migration cost for nine countries

BOESL revises migration cost for nine countries

ARAFAT ARA 2022-12-03 09:03:42

The state recruitment agency has revised the cost of migration for outbound workers after almost six years to make it more worker-friendly. The Bangladesh Overseas Employment and Services Limited (BO...

Govt updating info deal to recover laundered money

Govt updating info deal to recover laundered money

SYFUL ISLAM 2022-12-03 08:43:09

Redrafting deal documents is underway as the government is set to sign sure-fire Mutual Legal Assistance (MLA) treaties with countries to obtain information and retrieve laundered money, officials s...

Global rice price keeps soaring

Global rice price keeps soaring

YASIR WARDAD 2022-12-03 08:40:26

Global rice prices continue soaring, raising concerns for local importers who are supposed to source 1.4 million tonnes of the staple within December this year amid a rocketing trend of the food-grain...

Suppliers regret request for increasing LNG cargoes

Suppliers regret request for increasing LNG cargoes

M AZIZUR RAHMAN 2022-12-03 08:38:55

Contract suppliers have refused Bangladesh government's call to increase the supply of liquefied natural gas (LNG) to meet a mounting demand as the country runs short of fuels, sources say. The lon...

Business leaders oppose withdrawal of interest cap for sake of investment

Business leaders oppose withdrawal of interest cap for sake of investment

-- 2022-12-02 17:18:37

The country's business leaders have urged against lifting the cap on interest rate arguing that it will affect investment. They also agreed with the Bangladesh Bank governor who insists that it is no...

Energy efficiency rate accelerates amid high prices: IEA

Energy efficiency rate accelerates amid high prices: IEA

FE ONLINE DESK 2022-12-02 13:56:15

Global progress toward energy efficiency has accelerated this year as a result of high energy prices and disruptions to fuel supply but still not enough t...

Bangladesh gets $250m in World Bank loans to control pollution

Bangladesh gets $250m in World Bank loans to control pollution

FE ONLINE DESK 2022-12-02 13:21:48

The World Bank has approved a $250 million financing package to help Bangladesh strengthen environmental management and promote private sector participation in green investment, bdnews24.com r...

Experts suggest high-tech for production base expansion

Experts suggest high-tech for production base expansion

FE REPORT 2022-12-02 10:46:22

Bangladesh needs to diversify its manufacturing base with high-tech and high-value-added production to capture the future potentials of global business, speakers said at a seminar. Emphasising the im...

Remark HB Ltd signs agreement with BRICM

Remark HB Ltd signs agreement with BRICM

FE ONLINE DESK 2022-12-02 10:34:50

Remark HB Limited will receive necessary support from the Bangladesh Reference Institute for Chemical Measurements (BRiCM) in terms of chemical, metrological traceability, research and development, te...

Powdered milk prices up for 4th time in year

Powdered milk prices up for 4th time in year

YASIR WARDAD 2022-12-02 08:50:12

Prices of powdered milk increased further this week, marking a fourth-time hike just in one year and intensifying the woes of the commoners further. Most of the companies raised their powdered milk p...

Lifting interest cap on backburner

Lifting interest cap on backburner

FE REPORT 2022-12-02 08:33:30

No immediate plan is there for withdrawing the interest-rate caps, says Bangladesh Bank Governor Abdur Rouf Talukder to rule out pleas from some economists and donors. He, however, says the central b...

Govt can now fix power, gas tariffs sans hearing

Govt can now fix power, gas tariffs sans hearing

FE REPORT 2022-12-02 08:29:00

The government has been empowered to fix or adjust gas and electricity tariffs without conducting any public hearing beforehand. To this effect, a gazette notification was issued by President Abdul H...

100 LCs halted for over-invoicing, says BB governor

100 LCs halted for over-invoicing, says BB governor

-- 2022-12-01 20:36:27

Bangladesh Bank has halted 100 letters of credit with as much as 20-200 per cent higher than the usual prices of goods as part of efforts to prevent money-laundering through imports. Governor Abdur R...

Bangladesh again surpasses Vietnam in global RMG exports

Bangladesh again surpasses Vietnam in global RMG exports

FE ONLINE REPORT  2022-12-01 14:48:43

Bangladesh retook the second position in the global clothing export market in 2021 after it had trailed back in third position by Vietnam in 2020. World Trade Statistical Review 2022, released by the...

iPhone maker Foxconn offers payments for finding new workers

iPhone maker Foxconn offers payments for finding new workers

BBC 2022-12-01 14:14:27

Apple supplier Foxconn is ramping up efforts to recruit workers after unrest at the world's biggest iPhone factory. Employees who successfully refer a friend or family member to work at i...

US urges caution on low-quoted Russian oil prices as EU debates price

US urges caution on low-quoted Russian oil prices as EU debates price

FE ONLINE DESK 2022-12-01 12:14:51

The Biden administration broke its silence on Wednesday on European Union deliberations over a $65-70 per barrel Russian oil price cap on Wednesday, warning far-lower prices cited for some Russi...

Asia's factory activity shrinks as China lockdown impact widens

Asia's factory activity shrinks as China lockdown impact widens

FE ONLINE DESK 2022-12-01 10:58:36

Factory output slumped widely across Asia in November as slowing global demand and uncertainty over the fallout from China's strict COVID-19 lockdowns weighed on business sentiment, private surv...

FBCCI to distribute winter clothes among the destitute

FBCCI to distribute winter clothes among the destitute

FE REPORT 2022-12-01 09:01:48

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) will distribute winter clothes among the destitute across the country this year. The apex trade body made the decision during th...

Qatar bans sea-food from Bangladesh

Qatar bans sea-food from Bangladesh

REZAUL KARIM 2022-12-01 08:59:51

Qatar has imposed a temporary ban on import of sea-foods from Bangladesh, as health hazardous bacteria were found in some export consignments, sources said. The import ban included different sea-fo...

Spain seeks to bolster ties with Bangladesh

Spain seeks to bolster ties with Bangladesh

FE REPORT 2022-12-01 08:54:02

Ambassador of Spain in Bangladesh Francisco Benitez has expressed his country's earnest desire to deepen its relations with Bangladesh in areas of trade and commerce and beyond. He was talking to a s...