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The Financial Express

Search results for: Trade

Power outages push up sale of generators, IPSs

Power outages push up sale of generators, IPSs

ADNAN HOSSAIN BHUIYAN 2022-10-23 07:58:39

Due to frequent load-shedding in the country in recent months, sales of generators and IPSs have increased substantially amid higher demand from industrial units and households. Apart from industries...

Gas shortage forces two sugar refiners to halve production

Gas shortage forces two sugar refiners to halve production

-- 2022-10-22 22:24:40

A shortage of gas has forced two sugar refining companies in Bangladesh to halve their amount of production. Amid a sudden price hike in the sugar market, a team of the National Consumer Rights Prote...

Pfizer Covid-19 vaccine price hike to boost revenue for years, rivals may follow

Pfizer Covid-19 vaccine price hike to boost revenue for years, rivals may follow

-- 2022-10-22 19:48:03

Pfizer's plan to as much as quadruple US prices for its Covid-19 vaccine next year is beyond Wall Street's expectations and will spur its revenue for years despite weaker than anticipated demand for t...

HSBC inaugurates relocated branch in Chattogram

HSBC inaugurates relocated branch in Chattogram

-- 2022-10-22 19:35:29

Hongkong and Shanghai Banking Corporation (HSBC) in Bangladesh recently inaugurated its recently relocated Sky Branch at Sanmar Tower One in Chattogram. The branch overlooks the port city's magnifice...

Seven shops in Mirpur fined for selling sugar at exorbitant prices

Seven shops in Mirpur fined for selling sugar at exorbitant prices

-- 2022-10-22 19:26:23

The Directorate of National Consumer Rights Protection or DNCRP has fined seven shops at Mirpur in Dhaka total Tk 50,000 for selling sugar at higher than the government-fixed rates. DNCRP Assistant D...

E-commerce experts suggest introduction of open network

E-commerce experts suggest introduction of open network

FE ONLINE REPORT 2022-10-22 19:20:44

The country’s leading experts on e-commerce on Saturday suggested the formation of open network for digital commerce (ONDC) to create a level playing field for all market players. Many countrie...

Sugar market volatile due to 'low output, import'

Sugar market volatile due to 'low output, import'

YASIR WARDAD 2022-10-22 11:30:55

The country's sugar market has become volatile, as prices of the essential shot up to Tk 100-120 a kg, rising Tk 10-20 a kg in only four days, amid decline in refineries' output and dealers' supply, s...

Resource constraints hinder export diversification: Experts

Resource constraints hinder export diversification: Experts

FE REPORT 2022-10-22 11:28:15

Resource constraints, including shortage of capital, required policy support and failure to attract desired foreign direct investment (FDI) in the country's potential sectors, are the major obstacle...

Dhaka to host 3rd Trade Ministers Council

Dhaka to host 3rd Trade Ministers Council

FE REPORT 2022-10-22 10:44:03

The third ministerial meeting on the trade of Developing Eight (D-8) countries is expected to be held in Dhaka soon, aiming to expedite the process of full implementation of the D-8 PTA, officials s...

Plastic products pivot export expansion

Plastic products pivot export expansion

FHM HUMAYAN KABIR 2022-10-22 10:37:33

Bangladesh's export-market diversification finds new dimensions with plastic products pivoting expansion of the trade, seen vital in the process of the country's development strides on a higher trajec...

Banks bent under bad loan buildups

Banks bent under bad loan buildups

SAJIBUR RAHMAN 2022-10-22 10:08:13

Loads of bad loans caught on legal tenterhooks continue to go ballooning, amounting to over Tk 1.5 trillion by now, which economists say weakens Bangladesh's banking system. Mal-governance, poor capa...

Sugar refiners, importers blame gas, dollar shortages for supply crunch

Sugar refiners, importers blame gas, dollar shortages for supply crunch

-- 2022-10-21 19:43:48

Sugar prices have skyrocketed amid a supply crunch in Dhaka with traders seeing no way out of the problems they see, including a shortage of dollars for import and a lack of gas to refine the sweetene...

Toyota expects to cut full-year output target due to chip shortage

Toyota expects to cut full-year output target due to chip shortage

-- 2022-10-21 18:35:57

Toyota Motor Corp said on Friday its annual vehicle production was likely to come in below its initial target, as a persistent global semiconductor shortage hampers efforts by the world's biggest car...

World's top automakers to double spending on EVs

World's top automakers to double spending on EVs

-- 2022-10-21 17:03:21

The world's top automakers are planning to spend nearly $1.2 trillion through 2030 to develop and produce millions of electric vehicles, along with the batteries and raw materials to support that prod...

BIGD commemorates Dr Akbar Ali Khan

BIGD commemorates Dr Akbar Ali Khan

FE ONLINE REPORT 2022-10-21 16:49:25

BRAC Institute of Governance and Development (BIGD), BRAC University organised a webinar to commemorate eminent economist and former caretaker government advisor Dr Akbar Ali Khan on Thursday. The we...

Implementing Oracle ERP: METAL signs deal with PWC Bangladesh

Implementing Oracle ERP: METAL signs deal with PWC Bangladesh

FE ONLINE DESK 2022-10-21 14:04:20

METAL, the country’s premier Agri-Mechanization business organisation group, has recently inked an agreement with PWC Bangladesh, one of the world’s leading consulting firms, to support ME...

Twitter tells employees there are no plans for layoffs

Twitter tells employees there are no plans for layoffs

FE ONLINE DESK 2022-10-21 10:21:34

Twitter on Thursday clarified to staff that there are no plans for company-wide layoffs since it signed a deal to be acquired by billionaire Elon Musk, after a media outlet reported that Musk is...

Bangladesh seeks duty-free market access to Malaysia

Bangladesh seeks duty-free market access to Malaysia

FE REPORT 2022-10-21 09:07:58

Commerce Minister Tipu Munshi has sought duty-free access to the Malaysian market for Bangladeshi products, with a view to narrowing down the existing trade gap between the two countries. "Due to t...

Coarse rice, fish, sugar, oil dearer

Coarse rice, fish, sugar, oil dearer

FE REPORT 2022-10-21 08:54:25

Prices of coarse rice, fish, sugar and loose edible oil showed a hike last week, intensifying woes of common consumers. Prices of flour, chicken, egg, onion, vegetables and other essentials maintaine...

NBR defines 'person' in income tax law

NBR defines 'person' in income tax law

FE REPORT 2022-10-21 08:39:07

As the banks and financial institutions (FIs) are facing difficulties to deduct tax at source at different rates from the persons and companies, the revenue authority has issued a clarification defini...

Govt pays for higher costly diesel import

Govt pays for higher costly diesel import

M AZIZUR RAHMAN 2022-10-21 08:37:37

The government has increased the import of costly diesel for electricity generation as private sector squeezed import of furnace oil by citing fund crunch and dollar price-settlement dispute, sources...

Economic pains may entail political repercussions

Economic pains may entail political repercussions

FE REPORT 2022-10-21 08:34:52

Economic pains may entail political repercussions as the TCB-listed price indices have surged up 50 per cent, says a policy think-tank and suggests recasting priorities to tackle the crisis. The Cent...

FICCI, BIDA discuss strengthening investment friendly economy

FICCI, BIDA discuss strengthening investment friendly economy

FE ONLINE REPORT 2022-10-20 18:43:06

The Foreign Investors’ Chamber of Commerce and Industry (FICCI) delegation met the new Executive Chairman of Bangladesh Investment Development Authority (BIDA) and discussed strengthening the in...

Bangladesh seeks duty-free access to Malaysia to widen export market

Bangladesh seeks duty-free access to Malaysia to widen export market

FE ONLINE REPORT   2022-10-20 18:12:37

Commerce Minister Tipu Munshi has sought duty-free access to Malaysia to widen Bangladesh’s export market. “Due to the high duty imposed by Malaysia, it is not possible to export Banglade...

Grameenphone  profit rises 6.0pc despite ban on SIM sales

Grameenphone profit rises 6.0pc despite ban on SIM sales

-- 2022-10-20 15:56:04

Grameenphone has seen a 6.0 per cent increase in profits year-on-year in the third quarter of the year despite a regulatory ban on SIM sales amid complaints about the quality of services. Earning...

Mercantile Bank gets JP Morgan Chase Bank NA Award

Mercantile Bank gets JP Morgan Chase Bank NA Award

FE ONLINE DESK 2022-10-20 11:23:25

Mercantile Bank Limited received certificates and crests from J.P. Morgan Chase Bank, N.A. for achieving "The 2022 U.S. Dollar Clearing Elite Quality Recognition Award" and "The 2022 Global Clearing E...

Thrust on better regional ties to tackle inflation

Thrust on better regional ties to tackle inflation

FE REPORT 2022-10-20 08:52:40

There is a need for enhancing regional cooperation in Asia to cope with the increasing pressure of high inflation - caused by global turmoil, like the Russia-Ukraine war. It was observed at the inaug...

BPC to buy 5.46m tonnes of fuel oils in 2023

BPC to buy 5.46m tonnes of fuel oils in 2023

FE REPORT 2022-10-20 08:38:30

The government has allowed the Bangladesh Petroleum Corporation (BPC) to procure 5.46 million tonnes of fuel oils next year as part of its moves to ensure their smooth supply in the country. Bangla...

Indian vessel leaves Chattogram Port under transit agreement

Indian vessel leaves Chattogram Port under transit agreement

-- 2022-10-19 23:15:36

An Indian vessel has departed Chattogram Port with eight tonnes of tea leaves in a container brought from the northeastern state of Meghalaya through land routes in Bangladesh under a transit agreemen...

Bangladesh’s consumer market will be bigger than UK in 2030: HSBC report

Bangladesh’s consumer market will be bigger than UK in 2030: HSBC report

FE ONLINE DESK 2022-10-19 21:33:50

Describing Bangladesh as fastest-growing market, HSBC Global Research report has showed that Bangladesh will become the ninth largest consumer market globally, overtaking Germany and the UK by 2030....