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The Financial Express

Search results for: Trade

FICCI celebrates 55 yrs in Bangladesh

FICCI celebrates 55 yrs in Bangladesh

FE Online Desk 2019-04-28 12:54:55

FICCI- Foreign Investor’s Chamber of Commerce & Industry celebrated its 55th anniversary in Bangladesh through a gala night at a city hotel on Saturday. In its journey of over 55 years, F...

Export of agro-products rises 53pc in nine months

Export of agro-products rises 53pc in nine months

Yasir Wardad 2019-04-28 10:59:52

The export of agricultural products increased substantially so far in the current fiscal year (FY 2018-19), amid a great leap in shipments of processed food items. In the first nine months, the expor...

TCB starts selling Ramadan essentials

TCB starts selling Ramadan essentials

FE Report 2019-04-28 10:58:00

The Trading Corporation of Bangladesh (TCB) started on Saturday selling of essential commodities in the capital ahead of the upcoming holy month of Ramadan. Several designated dealers of TCB were sel...

RMG brands' bad practices incentivise abuses: HRW

RMG brands' bad practices incentivise abuses: HRW

Monira Munni 2019-04-28 09:44:48

Global apparel buyers' business practices, including low purchase price and shorter lead time, fuel labour abuses in manufacturing countries like Bangladesh, revealed a recent report of Human Rights W...

BBA seeks reduced allocation for Padma bridge project

BBA seeks reduced allocation for Padma bridge project

FHM Humayan Kabir 2019-04-28 09:37:04

Bangladesh Bridges Authority (BBA) has sought Tk 53.70 billion funds in the upcoming budget for the Padma bridge project, much lower than what the government has allocated for the current fiscal, offi...

India hikes wheat import duty to support local farmers

India hikes wheat import duty to support local farmers

-- 2019-04-27 19:53:01

India has raised its import duty on wheat to 40 per cent from 30 per cent, the government said late on Friday, as the world’s second producer of the grain tries to support local farmers. The st...

China brings in more than $64 billion in Belt and Road deals

China brings in more than $64 billion in Belt and Road deals

-- 2019-04-27 19:37:21

President Xi Jinping on Saturday hailed deals worth more than $64 billion signed during China's Belt and Road Initiative (BRI) this week as he sought to reassure sceptics the project will deliver sust...

Rangpur traders commit to keep prices of essentials stable during Ramadan

Rangpur traders commit to keep prices of essentials stable during Ramadan

-- 2019-04-27 19:08:16

Leaders of Rangpur Chamber of Commerce and Industry (RCCI) and common traders have committed to do their best for keeping prices of essentials stable during the holy month of Ramadan. They also sough...

Installation of Core Catcher at unit-2 of Rooppur NPP begins

Installation of Core Catcher at unit-2 of Rooppur NPP begins

FE Online Desk 2019-04-27 14:12:46

Installation of ‘Core Catcher’ safety system started at unit-2 of Rooppur Nuclear Power Plant (NPP) project at Ishwardi in Pabna on Thursday. Core catcher, a device for catching molten co...

India's Concor to expand coastal shipping service to Bangladesh

India's Concor to expand coastal shipping service to Bangladesh

FE Online Desk 2019-04-27 13:30:14

Container Corporation of India (Concor), the state-run hauler, will expand its recently started coastal shipping service to Bangladesh, says its Chairman and Managing Director V Kalyana Rama. "We wil...

BBF seminar on “Creating Human Connection in the Age of Digital”

BBF seminar on “Creating Human Connection in the Age of Digital”

FE Online Desk 2019-04-27 12:41:28

A BBF seminar on the theme titled “Creating Human Connection in the age of Digital”, arranged by Bangladesh Brand Forum (BBF) is being held today (Saturday) in Dhaka. 27th April also mark...

SIBL workshop on prevention of money laundering

SIBL workshop on prevention of money laundering

-- 2019-04-27 12:26:40

Social Islami Bank Limited arranged a day-long workshop on “Prevention of Money Laundering and Terrorist Finance” recently in its Training Institute at the Head Office of the Bank. Mr. Qu...

Prices of onion, edible oil, vegetable jump further ahead of Ramadan

Prices of onion, edible oil, vegetable jump further ahead of Ramadan

FE Report 2019-04-27 11:04:37

Onion, edible oil and vegetable became pricier further last week raising woes of the consumers. Prices of sugar also showed an uptrend despite having ample supply and persisting low import cost...

Ministry alerted on Ramadan market manipulation

Ministry alerted on Ramadan market manipulation

Rezaul Karim 2019-04-27 10:58:27

Home ministry has asked commerce ministry to stay alert to unscrupulous traders who might rig the commodity market during Ramadan. Citing its own special intelligence report, home ministry suggested...

Xi calls for transparency in BR projects

Xi calls for transparency in BR projects

Mir Mostafizur Rahaman from Beijing 2019-04-27 10:19:14

The much-hyped Second Belt and Road (BR) Forum for International Cooperation started in Bejing, China on Friday amid the presence of heads of state and government from 38 countries. Chinese President...

Moveable property act: Ten laws require amendment

Moveable property act: Ten laws require amendment

Jasim Uddin Haroon 2019-04-27 09:27:27

The final consultation on the proposed movable property act has ended, but its implementation largely depends on the amendment of at least 10 existing key laws, officials said. The World Bank had pus...

IDRA finalises insurance policy for migrant workers

IDRA finalises insurance policy for migrant workers

Syful Islam 2019-04-27 09:07:38

The insurance regulator has finalised a policy, which will provide migrant workers with benefits in cases of their death and accidental disability, officials said. Intended migrant workers can buy an...

US-China trade talks are going very well: Trump

US-China trade talks are going very well: Trump

-- 2019-04-26 19:51:53

US President Donald Trump on Friday said trade talks with China are going very well, as the world’s two largest economies seek to end talks with a trade agreement to defuse tensions. Trump said...

Thrust on adequate fund allocation for fire safety

Thrust on adequate fund allocation for fire safety

FE Report 2019-04-26 15:03:19

Experts at a training programme on Thursday suggested allocating adequate fund for fire safety in industrial units and households. They also stressed the need for setting up of necessary fire extingu...

China seeks to allay fears over Belt and Road debt risks

China seeks to allay fears over Belt and Road debt risks

-- 2019-04-26 14:30:15

China’s Belt and Road initiative must be green and sustainable, President Xi Jinping said at the opening of a summit on his grand plan on Friday, adding that the massive infrastructure and trade...

Banks disburse 74pc of annual farm loan target in nine months

Banks disburse 74pc of annual farm loan target in nine months

FE Report 2019-04-26 14:10:19

Scheduled banks have disbursed more than 74 per cent of the annual farm loan target in the first nine months of the current fiscal year (FY), a central bank official said. The banks witnessed a high...

Overseas migration of female RMG workers rising

Overseas migration of female RMG workers rising

FE Report 2019-04-26 11:54:51

The number of female readymade garment (RMG) workers taking up employment abroad has been on the rise in recent years, according to a recent study. Jordan and Mauritius are their preferred destinatio...

Govt starts framing policy on e-vehicles

Govt starts framing policy on e-vehicles

Munima Sultana 2019-04-26 10:26:06

The government has made a move to morph the country's traditional transportation into an electric system with global automakers pushing for energy efficiency. Sources said the Bangladesh Road Transpo...

Petrobangla’s unpaid VAT, duty rise to Tk 27 billion

Petrobangla’s unpaid VAT, duty rise to Tk 27 billion

Doulot Akter Mala 2019-04-26 09:47:01

The Value Added Tax (VAT) authorities have served four show-cause notices on Petrobangla and its associate companies, seeking Tk 27 billion revenue arrears. The arrears accumulated from March 2017 to...

Govt working on cut in lending rate: Finance minister

Govt working on cut in lending rate: Finance minister

FE Report 2019-04-26 09:17:05

Finance minister AHM Mustafa Kamal said Thursday the government will work on bringing down the lending rate in banks, which hurts trade and business. "The interest rate is very high in Bangladesh. No...

Asia’s LNG mkts distorted by oil price surge

Asia’s LNG mkts distorted by oil price surge

-- 2019-04-25 20:50:58

Asia's liquefied natural gas market is being distorted as the cost of LNG bought under long-term contracts linked to oil prices jumps to double spot gas cargoes amid tighter US sanctions on Iran's cru...

LG to shut South Korea phone plant, shift production to Vietnam

LG to shut South Korea phone plant, shift production to Vietnam

-- 2019-04-25 16:41:19

LG Electronics Inc said on Thursday it would stop producing smartphones in South Korea and move manufacturing to Vietnam, joining global rivals in reorganising production as they battle a slump in glo...

BR initiative can be vital for faster global growth: Speakers

BR initiative can be vital for faster global growth: Speakers

Mir Mostafizur Rahaman from Beijing 2019-04-25 15:10:43

Speakers at a high profile dialogue on Thursday said that the Belt and Road (BR) initiative can play a vital role in accelerating global GDP growth. Experts from several global think-tanks took part...

Peru to sign MoU to join China’s Belt and Road initiative

Peru to sign MoU to join China’s Belt and Road initiative

-- 2019-04-25 11:45:33

Peru will sign a memorandum of understanding to join China’s Belt and Road infrastructure initiative in coming days, China’s ambassador said on Wednesday, despite recent warnings from the...

Tokyo court grants $4.5m bail to ex-Nissan boss Ghosn

Tokyo court grants $4.5m bail to ex-Nissan boss Ghosn

-- 2019-04-25 10:56:55

A Tokyo court has granted former Nissan boss Carlos Ghosn bail set at 500 million yen ($4.5m; £3.5m), paving the way for his release from custody. He faces four charges in Japan over allegation...