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The Financial Express

Search results for: Trade

Move to cut delay in fund transfer to govt entities

Move to cut delay in fund transfer to govt entities

Jasim Uddin Haroon 2019-04-12 10:09:03

A move is underway to cut the inordinate delay by disbursing budgetary funds automatically among around 7,000 government entities including all local government offices across the country. This is on...

IMF for addressing NPL issue to ensure financial stability

IMF for addressing NPL issue to ensure financial stability

Siddique Islam from Washington DC 2019-04-12 09:31:07

The International Monetary Fund (IMF) has put emphasis on addressing the issue of non-performing loans (NPLs) immediately for ensuring financial stability. "…Addressing non-performing loans is...

Global oil supply drops in March: IEA

Global oil supply drops in March: IEA

-- 2019-04-11 20:44:28

Global oil supply dropped in March as US sanctions and power outages pushed Venezuela's crude output to a long-term low of 870,000 barrels per day (bpd), the International Energy Agency (IEA) said on...

US-China trade war rerouting US import flows: Report

US-China trade war rerouting US import flows: Report

-- 2019-04-11 15:17:38

President Donald Trump’s trade war with China has US companies shifting purchases of tariff-targeted products like furniture, refrigerators and car tires to countries such as Vietnam, South Kore...

Emirates installs Expo 2020 Dubai liveries on 40 aircraft

Emirates installs Expo 2020 Dubai liveries on 40 aircraft

FE Online Desk 2019-04-11 15:05:35

Emirates has completed the installation of bespoke Expo 2020 Dubai liveries on 40 aircraft, with its final A380 aircraft emblazoned in the distinctive orange ‘opportunity’ decal rolling ou...

Ghosn’s wife faces questions from prosecutors in Tokyo court

Ghosn’s wife faces questions from prosecutors in Tokyo court

-- 2019-04-11 13:48:47

The wife of Nissan’s former Chairman Carlos Ghosn was being questioned by prosecutors in a Tokyo court Thursday, after her husband was taken into custody on financial misconduct allegations. A...

LankaBangla Finance signs MoU with AMARROOM.COM

LankaBangla Finance signs MoU with AMARROOM.COM

FE Online Desk 2019-04-11 13:04:47

LankaBangla Finance Limited (LBFL) has recently signed a Memorandum of Understanding (MoU) with AMARROOM.COM, an online hotel booking portal. Under the agreement, LankaBangla cardholders will enjoy a...

Pay 15pc VAT to claim rebate, says NBR chief

Pay 15pc VAT to claim rebate, says NBR chief

FE Report 2019-04-11 11:00:49

The National Board of Revenue (NBR) chairman has said a 15 per cent VAT (Value Added Tax) would be applicable to businesses that claim VAT rebate. Multiple VAT rates lower than 15 per cent would also...

WTO praises BD's trade policy

WTO praises BD's trade policy

FE Report 2019-04-11 10:57:28

Commerce Minister Tipu Munshi said on Wednesday that members of the World Trade Organisation (WTO) praised the country's trade policy that contributed to the nation's progress in different sectors ove...

RHD unlikely to get WB funding this year

RHD unlikely to get WB funding this year

Munima Sultana 2019-04-11 10:53:54

A slow progress in preparing the technical project on the start of the bus-based mass transit system in city's southern part has delayed getting the project's assistance from the World Bank by a year,...

Textile makers in tight corner as imports inundate

Textile makers in tight corner as imports inundate

FE Report 2019-04-11 10:25:49

Local spinners, weavers, and processing millers alleged that illegally marketed textile goods are taking a heavy toll on local manufacturers ahead of Eid-ul-Fitr. They said the local market is floode...

'Most bankers breach ethical code of conduct'

'Most bankers breach ethical code of conduct'

FE Report 2019-04-11 09:39:00

An overwhelming majority of the bank employees feel that the violations of ethical code of conduct among the bankers are increasing, a recent survey has found. At the same time, almost half the bank...

Businesses sidestep Tk 10b in consumption tax during FY ’18

Businesses sidestep Tk 10b in consumption tax during FY ’18

Doulot Akter Mala 2019-04-11 09:28:21

The amount of VAT evasion has almost doubled in a year as the tax collector has intensified audits, officials said. The VAT Audit, Intelligence and Investigation Directorate detected Tk 10.71 billion...

Congress quizzes US bank CEOs about role in economy

Congress quizzes US bank CEOs about role in economy

-- 2019-04-10 21:33:39

Chief executives of some of the largest US banks will testify before Congress on Wednesday, giving lawmakers their first opportunity to grill the lenders since the 2007-2009 financial crisis, reports...

NBR moves to ensure transparency in bond activities

NBR moves to ensure transparency in bond activities

-- 2019-04-10 18:45:39

The National Board of Revenue (NBR) is going to formulate a Standard Operating Procedure (SOP) to ensure transparency and accountability in bond-related activities. The SOP will allow export-oriented...

Shahjalal Bank arranges business review meeting of Ctg zone

Shahjalal Bank arranges business review meeting of Ctg zone

FE Online Desk 2019-04-10 14:36:06

Shahjalal Islami Bank Limited (SJIBL) organized a Business Review Meeting with the officials of Chattogram Zone Branches recently at Classic World Convention Hall, Agrabad, Chattogram. The Additional...

Premier Bank arranges specialised training on fire safety

Premier Bank arranges specialised training on fire safety

FE Online Desk 2019-04-10 14:30:34

The Premier Bank Limited Learning & Talent Development Center recently arranged a specialized training on “Fire Safety, Fire Prevention and Emergency Evacuation Planning” at its Head O...

GE, Uniper unveil ‘GT26 HE’ solution

GE, Uniper unveil ‘GT26 HE’ solution

FE Online Desk 2019-04-10 14:19:58

GE (NYSE: GE) has announced the launch order for its new GT26 HE (high efficiency) gas turbine upgrade with Uniper for the utility’s Enfield Power Station in greater London. “We’re...

Citi’s China Day creates opportunities for Chinese businesses in BD

Citi’s China Day creates opportunities for Chinese businesses in BD

FE Online Desk 2019-04-10 14:09:36

Citibank, N.A., Bangladesh recently hosted the “China Day Event” underlining Citi’s commitment to support Chinese clients operating in Bangladesh. Economic Counsellor Li Guangjun, E...

Citibank NA holds ‘China Day Event’

Citibank NA holds ‘China Day Event’

FE Online Desk 2019-04-10 13:21:21

Citibank NA Bangladesh has hosted the ‘China Day Event’ underlining its commitment to support Chinese clients operating in the country. Economic Counsellor Li Guangjun, Embassy of the Peo...

New WB head vows to keep climate goals, evolve China relationship

New WB head vows to keep climate goals, evolve China relationship

-- 2019-04-10 11:20:13

New World Bank President David Malpass has said he would not alter the lender’s commitment to fight climate change, but pledged to step up its anti-poverty mission and to evolve the bank’s...

Migration cost may go up as airfare, medical fees rise

Migration cost may go up as airfare, medical fees rise

FE Report 2019-04-10 10:46:33

Private manpower recruiters on Tuesday expressed the fear that the cost of migration may go up due to increased airfare and the fees of different medical tests. They urged the authorities concerned t...

BPC goes into automation by June

BPC goes into automation by June

M Azizur Rahman 2019-04-10 10:44:53

The state-run Bangladesh Petroleum Corporation (BPC) is finally going into automation by June to bring about transparency and accountability in its fiscal transactions. "We've already awarded the tas...

Consolidation of small RMG units to be top priority

Consolidation of small RMG units to be top priority

Monira Munni 2019-04-10 10:37:31

Consolidation of small readymade garment units and integration of boutique houses with the mainstream industry will be top priorities in order to help sustain the country's apparel sector's growth, ne...

China to review anti-dumping  tariffs on US distillers grains

China to review anti-dumping tariffs on US distillers grains

-- 2019-04-09 21:21:38

China's Ministry of Commerce is set to review its anti-dumping tariffs on imports from the United States (US) of distillers grains (DDGS), an animal feed ingredient, according to a document issued by...

Bank of America to raise minimum wage to $20 per hour by 2021

Bank of America to raise minimum wage to $20 per hour by 2021

-- 2019-04-09 19:03:40

Bank of America Corp said on Tuesday it would raise its minimum wage to $20 per hour over a two-year period. On May 1, the minimum hourly wage will rise by $2 to $17, the bank said, reports Reuters....

BAIRA demands lowering fares of Middle East-bound flights

BAIRA demands lowering fares of Middle East-bound flights

-- 2019-04-09 18:39:34

The Bangladesh Association of International Recruiting Agencies (BAIRA) on Tuesday demanded lowering fare of all Middle East-bound flights. "The fare has almost doubled and the medical fees have also...

Sonia Bashir to quit Microsoft on April 30

Sonia Bashir to quit Microsoft on April 30

-- 2019-04-09 18:08:33

Sonia Bashir Kabir, the managing director of Microsoft Bangladesh, Myanmar, Nepal, Bhutan and Laos, is going to leave the company after almost five years of service. April 30 will be her last day wit...

Renewal of drug licence stands at 29,095

Renewal of drug licence stands at 29,095

FE Online Report 2019-04-09 17:39:18

Renewal of retail drug license issued by Directorate General of Drug Administration (DGDA) stood at 29,095 fiscal year 2017-2018. The renewal of retail drug license was 34,844 in calender year 2016,...

US proposes list of EU goods for tariff retaliation

US proposes list of EU goods for tariff retaliation

-- 2019-04-09 16:27:58

The US Trade Representative on Monday proposed a list of European Union products ranging from large commercial aircraft and parts to dairy products and wine on which to slap tariffs as retaliation for...