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The Financial Express

Search results for: Trade

Motorcycle registrations jump in 2018

Motorcycle registrations jump in 2018

FE Online Report 2019-01-24 15:01:38

Motorcycle registrations across the country witnessed a significant rise in 2018 compared to that of 2017. A total of 395,603 motorcycles were registered in 2018 while the number was 326,550 in 2017,...

Ghosn reportedly resigns from Renault

Ghosn reportedly resigns from Renault

-- 2019-01-24 14:03:53

Carlos Ghosn, who is in custody in Japan, has resigned from French carmaker Renault, according to reports. The French finance minister, Bruno Le Maire, told Bloomberg Television that "Carlos Ghosn...

Global auto mergers and acquisitions doubled in 2018: PwC

Global auto mergers and acquisitions doubled in 2018: PwC

Reuters 2019-01-24 13:29:03

Global auto industry mergers more than doubled to an all-time high of $97.5 billion in 2018 from a year earlier, driven by mega-deals in the automotive parts sector, according to a report released on...

Japan to bankroll BD's first underground railroad

Japan to bankroll BD's first underground railroad

-- 2019-01-24 13:07:26

Japan has agreed to provide loans for Bangladesh to build its first underground railroad. A stretch of 26.6-kilometre rail line will be constructed in Dhaka in two phases under the Mass Rapid Transit...

In Davos, CEOs sour on Trump policies

In Davos, CEOs sour on Trump policies

Reuters 2019-01-24 12:43:11

From centre-stage in Davos last year, President Donald Trump told the world’s corporate bosses that America is a great place to invest. It hasn’t quite turned out that way. Foreign direct...

China's Huawei books record sales in its smartphone business

China's Huawei books record sales in its smartphone business

-- 2019-01-24 12:21:00

China’s Huawei Technologies Co Ltd said on Thursday its consumer business sales exceeded a record $52 billion in 2018, on strong demand for its premium smartphones, even as it continued to face...

Move to improve runways of three airports

Move to improve runways of three airports

Kamrun Nahar 2019-01-24 10:21:16

The Civil Aviation Authority of Bangladesh (CAAB) has undertaken a project for asphalt concrete overlay on the runways of Jashore, Saidpur and Rajshahi airports, a planning ministry official said....

Furniture makers seek duty cut on wood, accessories imports

Furniture makers seek duty cut on wood, accessories imports

Our Correspondent 2019-01-24 10:16:59

Furniture manufacturers based in the region have urged the authorities concerned to reduce the import duty on raw materials and accessories to facilitate them entering the export markets. They said t...

Move to legalise electric vehicles

Move to legalise electric vehicles

-- 2019-01-24 09:53:39

The new government in Bangladesh is going to legalise electric vehicles. Bangladesh Road Transport Authority (BRTA) has drafted guidelines on the electric vehicles making registration, fitness certif...

Oil prices steady, but global growth worries hold sway

Oil prices steady, but global growth worries hold sway

-- 2019-01-24 09:46:34

Oil prices steadied on Thursday, but concerns over global growth and a sharp rise in US stocks kept the market under pressure. International Brent crude oil futures LCOc1 were at $61.17 a barrel at 0...

Uttara-Agargaon MRT line unlikely to be ready by Dec

Uttara-Agargaon MRT line unlikely to be ready by Dec

FHM Humayan Kabir 2019-01-24 09:42:53

The Mass Rapid Transit (MRT) line from Uttara to Agargaon is unlikely to start operations by December next as the company concerned completed only a quarter of its physical work until last month, insi...

Govt plans to develop new coalmines by state-run cos

Govt plans to develop new coalmines by state-run cos

M Azizur Rahman 2019-01-24 09:27:31

The government is planning to develop new coalmines on its own, breaking the decade-old stalemate over the issue. The coalmines will not be leased out to any foreign or local private sector company o...

Philippines wants to import pharmaceutical products from Bangladesh

Philippines wants to import pharmaceutical products from Bangladesh

-- 2019-01-23 20:15:07

The Philippines has expressed its interest to import pharmaceutical products from Bangladesh and to invest in the fields of electrical appliances, agro-food processing and leather in the country. Com...

US-Bangla offers Dhaka-Bangkok round trip at Tk 20,500

US-Bangla offers Dhaka-Bangkok round trip at Tk 20,500

FE Online Report 2019-01-23 19:09:47

After a hiatus, US-Bangla Arlines is going to resume Dhaka-Bangkok return flights from February 5 with an attractive offer. The offer includes two nights free accommodation for two in a Bangkok hotel...

15th Dhaka Int’l Yarn and Fabric Show kicks off

15th Dhaka Int’l Yarn and Fabric Show kicks off

-- 2019-01-23 17:28:18

The four-day 15th Dhaka International Yarn and Fabric Show-2019 (Winter Edition) started on Wednesday at the International Convention City (ICCB) in the capital. Commerce Minister Tipu Munshi inaugur...

SBAC Bank signs MoU with Long Beach Hotel

SBAC Bank signs MoU with Long Beach Hotel

FE Online Desk 2019-01-23 14:03:31

South Bangla Agriculture and Commerce (SBAC) Bank and Cox’s Bazar-based Long Beach Hotel recently signed an Memorandum of Understanding (MoU). Under this MoU, SBAC Bank’s debit-credit car...

IPDC brings exclusive auto loan with Hyundai

IPDC brings exclusive auto loan with Hyundai

FE Online Desk 2019-01-23 13:15:08

IPDC Finance Limited and Hyundai have jointly launched ‘Hyundai Mega Sales Celebration”. Brand new models of Hyundai cars were exhibited on Tuesday at IPDC office premise. By this offer,...

Premier Bank wins International Finance Awards-2018

Premier Bank wins International Finance Awards-2018

FE Desk Report 2019-01-23 11:23:05

The Premier Bank Limited has been honoured with 'Fastest Growing SME Bank- 2018' by International Finance UK at International Finance Awards-2018 ceremony in Dubai. The award was received by Dr. H.B...

Triple-cropping soars 83pc in 17 years

Triple-cropping soars 83pc in 17 years

Yasir Wardad 2019-01-23 11:09:42

Triple-cropped land areas have almost doubled in the country in the last 17 years, signifying a vibrant agricultural production scenario. Entry of the private sector in developing and selling vario...

Jul-Oct raw material imports rise 12pc

Jul-Oct raw material imports rise 12pc

FE Report 2019-01-23 11:04:55

Import of industrial raw materials increased by nearly 12 per cent during the July-October period in 2018 compared to the corresponding period of the previous year. The rise in import was because o...

Cox’s Bazar Airport: Runway project underway

Cox’s Bazar Airport: Runway project underway

Kamrun Nahar 2019-01-23 11:01:31

Civil Aviation Authority of Bangladesh (CAAB) has undertaken another project to expand the runway of Cox's Bazar Airport with an aim to operate international flights and fully-loaded wide-body aircr...

Square to hold confce on local pharmaceuticals February 9

Square to hold confce on local pharmaceuticals February 9

FE Report 2019-01-23 10:35:52

The fourth Samson H Chowdhury Memorial Conference will kick off in the city on February 09 aiming to demonstrate the challenges and potentials of local pharmaceuticals industry. Square Pharmaceutical...

ILO's 10-pt proposal to address challenges in world of work

ILO's 10-pt proposal to address challenges in world of work

FE Report 2019-01-23 10:11:15

International Labour Organization (ILO) has made a 10-point recommendation including a universal labour guarantee to address the challenges caused by unprecedented transformational change in the world...

Allowances of SoEs’ staff won’t get tax exemption

Allowances of SoEs’ staff won’t get tax exemption

Doulot Akter Mala 2019-01-23 09:35:26

Different types of allowances drawn by the employees of state-owned enterprises (SoEs), corporations, semi-government, and autonomous bodies will be subject to tax payment, said the National Board o...

BB prods banks to attain farm credit target

BB prods banks to attain farm credit target

FE Report 2019-01-23 09:31:27

The central bank has asked commercial banks for taking effective measures to achieve their agro-credit disbursement targets by the end of this fiscal, officials said. The instruction came at a specia...

BPDB, Chinese co to build 150MW plant

BPDB, Chinese co to build 150MW plant

FE Report 2019-01-23 09:15:33

The state-run Bangladesh Power Development Board (BPDB) signed a deal with the Dongfang Electric International Corporation (DEC) of China on Tuesday to construct a 150-megawatt (MW) power plant in the...

Govt, China ink deal to build power plant in Niphamari

Govt, China ink deal to build power plant in Niphamari

-- 2019-01-22 20:41:54

The government is set to build a diesel-fired 150 MW power plant at Nilphamari’s Syedpur with Chinese assistance. To this end, Bangladesh Power Development Board (BPDB) has signed an agreement...

BTRC launches NAID to prevent illegal mobile phone import

BTRC launches NAID to prevent illegal mobile phone import

-- 2019-01-22 20:10:15

Bangladesh Telecommunication Regulatory Commission (BTRC) has launched the NOC Automation and IMEI Database (NAID) service to prevent the import of illegal mobile phones. Posts, Telecommunications an...

Simtex gets ‘BGAPMEA Export Trophy-2018’

Simtex gets ‘BGAPMEA Export Trophy-2018’

FE Online Desk 2019-01-22 17:22:33

Simtex Industries Limited, a leading export-oriented sewing thread manufacturer of the country, got the ‘BGAPMEA Export Trophy-2018’ in direct export category. Planning Minister Muhammad...

Technical body meeting of SWIFT held

Technical body meeting of SWIFT held

FE Online Desk 2019-01-22 13:38:29

The 5th Technical Committee Meeting of SWIFT Members & User Group of Bangladesh (SMUGB) was held recently at the Corporate Office of Social Islami Bank Limited. Mr. Quazi Osman Ali, Managing Dire...