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The Financial Express

Search results for: Trade

Cumbersome process, speed money discourage trade licensing

Cumbersome process, speed money discourage trade licensing

DOULOT AKTER MALA 2022-11-07 08:05:14

Most entrepreneurs register their businesses three to 15 years after the startup to skip burdensome multiple compliance costs even before beginning operations, a latest finding reveals. Entrepreneu...

PMO directs resuming LNG import, disciplining dollar rate

PMO directs resuming LNG import, disciplining dollar rate

SYFUL ISLAM 2022-11-07 08:02:35

A move finally comes to manage fuel dearth and dollar disarray as the government high-ups instruct giving gas to industries even through costly LNG import and synchronizing multiple rates of the...

Walton CEO, CMO honoured with Bangladesh C-Suite Award

Walton CEO, CMO honoured with Bangladesh C-Suite Award

FE ONLINE DESK 2022-11-06 18:28:05

Golam Murshed, the managing director (MD) and chief executive officer (CEO) of Walton Hi-Tech Industries PLC, has been honoured with the Bangladesh C-Suite Awards for his outstanding contribution in t...

BTRC suspends sales of old  Grameenphone SIM card

BTRC suspends sales of old Grameenphone SIM card

-- 2022-11-06 18:16:58

After suspending new Grameenphone SIM card sales indefinitely, BTRC now says the telecom operator cannot sell old SIM cards either. Bangladesh Telecommunication Regulatory Commission (BTRC) Chairman...

Bangladesh Project Management Symposium and Excellence Awards-2022 held

Bangladesh Project Management Symposium and Excellence Awards-2022 held

FE ONLINE DESK 2022-11-06 13:35:54

The daylong symposium ‘Bangladesh Project Management Symposium and Excellence Awards 2022’ was held at Radisson Blu Water Garden in the capital on Saturday. This year the event was based...

SIODIL gets best pavilion award

SIODIL gets best pavilion award

FE ONLINE DESK 2022-11-06 12:59:33

SIODIL, a renowned and popular skincare brand of the USA, has won the “Best Pavilion Award” in the US Trade Show-2022, held in Dhaka recently. The award for the best pavilion was announce...

India allows mills to export 6m tonnes sugar in 2022/23

India allows mills to export 6m tonnes sugar in 2022/23

-- 2022-11-06 10:52:49

India on Saturday approved the 2022/23 export of 6 million tonnes of sugar, in line with market expectations for the year's first tranche. India exported an all-time high of more than 11 million tonn...

Evaly seeks govt's help to resolve problems

Evaly seeks govt's help to resolve problems

FE REPORT 2022-11-06 10:33:28

The crisis-ridden e-commerce platform Evaly.com has sought government cooperation to resolve all its previous problems. The trouble-torn online shopping company also wants to present its new business...

Gabtoli-Dasherkandi metro rail by 2030

Gabtoli-Dasherkandi metro rail by 2030

MUNIMA SULTANA 2022-11-06 10:26:43

The metro rail authorities have made good progress in the preparation of another metro rail to be developed from Gabtoli to Dasherkandi in Dhaka city by 2030. Officials said the time frame for the MR...

Refiners want Tk 15 per litre soybean oil price hike by today

Refiners want Tk 15 per litre soybean oil price hike by today

-- 2022-11-06 09:17:30

Soybean oil price may go up as Bangladesh Tariff Commission (BTC) is considering proposal for hiking edible oil price due to higher production costs, reports UNB. Bangladesh Vegetable Oil Refiners...

Dhaka betting big for IOCs

Dhaka betting big for IOCs

M AZIZUR RAHMAN 2022-11-06 09:07:43

Bangladesh moves to put bigger bets on stake for international oil companies to explore potential hydrocarbons in the Bay of Bengal, amid fuel crunch, as energy ministry is scrutinising an offer place...

Interest rate hike to put industries in difficulties

Interest rate hike to put industries in difficulties

FE REPORT 2022-11-06 09:04:28

President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Md Jashim Uddin on Saturday said domestic industries will be in difficulties if the current interest rate of lendi...

Export diversification takes a knock

Export diversification takes a knock

FHM HUMAYAN KABIR 2022-11-06 09:01:15

Bangladesh's macro-economy is to bleed further as its once- impressive non-RMG exports were hit hard in recent months for the demand-side slump across the globe amid a virtual recession, analysts say....

India allows sugar exports of 6.0m tonnes in 2022/23

India allows sugar exports of 6.0m tonnes in 2022/23

-- 2022-11-05 20:49:34

India will allow the export of 6.0 million tonnes of sugar in 2022/23, in line with market expectations, as the country's production is set to jump to a record high for the second straight year, the g...

RFL-Rainbow starts manufacturing spray paint in Bangladesh

RFL-Rainbow starts manufacturing spray paint in Bangladesh

FE ONLINE REPORT 2022-11-05 18:36:17

Rainbow Paints, a paint brand of RFL Group, has introduced spray paint to the market for the first time in order to break the multinational company-ruled local market. Despite a growing demand of the...

Bangladesh doesn’t need to borrow from IMF if dignity is sacrificed, says FBCCI

Bangladesh doesn’t need to borrow from IMF if dignity is sacrificed, says FBCCI

-- 2022-11-05 17:03:49

Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) President Md Jasim Uddin has said, Bangladesh does not need to borrow money from the International Monetary Fund (IMF) if the country&...

Port city traders grapple with three crises

Port city traders grapple with three crises

NAZIMUDDIN SHYAMOL, CHATTOGRAM 2022-11-05 10:24:33

Businessmen of the port city's three largest trade hubs - Chaktai, Khatunganj and Asadganj - for a long time have been hamstrung by three major problems which are hampering not only businesses in city...

Weekly Kitchen Market: Hilsa, tomato, cucumber get pricier

Weekly Kitchen Market: Hilsa, tomato, cucumber get pricier

FE REPORT 2022-11-05 10:17:48

Prices of almost all essentials, including vegetables, egg and rice, remained unchanged with many of them maintaining the previous high in the capital on Friday. However, the price of hilsa witne...

Traders want to import 510m eggs from India

Traders want to import 510m eggs from India

REZAUL KARIM 2022-11-05 10:03:20

A number of traders sought the government's approval to import 510 million pieces of egg from India, sources said, although the domestic production would be enough to meet the country's annual deman...

Bangladesh eyes exporting skilled labour to Russia

Bangladesh eyes exporting skilled labour to Russia

ARAFAT ARA 2022-11-05 09:52:19

Bangladesh looks to send its skilled labour to Russia for the shipbuilding industry as the country needs foreign workers in this sector. To this end, Overseas Employment and Services Limited (BOESL)...

World Food Index slips in Oct despite higher cereal prices: FAO

World Food Index slips in Oct despite higher cereal prices: FAO

FE ONLINE DESK 2022-11-05 08:58:22

The United Nations food agency's world price index edged slightly lower in October, the seventh consecutive monthly fall and some 14.9 per cent down from its all-time high recorded in March. The Food...

BD-Japan trade accord soon preceding FTA

BD-Japan trade accord soon preceding FTA

SYFUL ISLAM 2022-11-05 08:50:51

All are set for signing a memorandum of understanding (MoU) on trade cooperation between Bangladesh and Japan which may culminate into a bilateral free-trade agreement (FTA) later on, officials say....

Local handset production drops 25pc in Sept

Local handset production drops 25pc in Sept

ISMAIL HOSSAIN 2022-11-05 08:49:21

Production of handsets by the local companies dropped 25 per cent in September, according to the Bangladesh Telecommunication Regulatory Commission (BTRC). In August, the total production of hand...

Refiners propose to hike soybean oil prices by Tk 15 per litre

Refiners propose to hike soybean oil prices by Tk 15 per litre

-- 2022-11-04 20:44:27

Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association have proposed to hike soybean oil prices by Tk 15 per litre, citing a rise in international prices and production costs. The...

Placing small-scale farmers at heart of climate discussions: IFAD at COP 27

Placing small-scale farmers at heart of climate discussions: IFAD at COP 27

-- 2022-11-04 17:41:01

International Fund for Agricultural Development (IFAD) is organising and will be active in over twenty events at COP27 to highlight the challenges and solutions that small-scale farmers need to feed a...

Price of local sugar hiked by Tk 14 per kg

Price of local sugar hiked by Tk 14 per kg

-- 2022-11-04 16:48:11

Amid the ongoing sugar crisis, the prices of sugar produced by state-owned factories have been hiked by Tk 14 per kilogramme (kg). The maximum retail price of local sugar has been increased from Tk 8...

RTA up for execution after years

RTA up for execution after years

MUNIMA SULTANA 2022-11-04 09:45:01

After the lapse of over four years, the Road Transport Act (RTA)-2018 is getting fully ready to bring discipline in streets with provisions of penalties, including cancellation of driving licences....

NBR contracts out collection services to Genex Infosys

NBR contracts out collection services to Genex Infosys

FE REPORT 2022-11-04 09:33:27

The National Board of Revenue (NBR) has contracted out the Value Added Tax (VAT) collection services to Genex Infosys Ltd., with a target to mobilise an additional Tk 200 billion annually from the ret...

Moriom, Asma first female metro rail operator, station controller

Moriom, Asma first female metro rail operator, station controller

FE REPORT 2022-11-04 08:52:30

Two females are going to emerge as the first metro train operator and station controller of the Mass Rapid Transit line-6 as the country's first metro rail is likely to start operation partially in th...

Private carrier Air Astra to start operations in November

Private carrier Air Astra to start operations in November

-- 2022-11-03 19:56:25

New Bangladeshi private carrier Air Astra will start operations in November. The airline received the go-ahead from the Civil Aviation Authority of Bangladesh (CAAB) Thursday, reports UNB.  Air...