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The Financial Express

Search results for: Trade

French ICS asks govt for Accord’s extension

French ICS asks govt for Accord’s extension

FE Report 2019-01-16 10:15:50

Initiative for Compliance and Sustainability (ICS), a French audit company, has called upon the government for extension of Accord's tenure to ensure successful handover of the leadership to local a...

Team to recommend ways to reduce classified loans

Team to recommend ways to reduce classified loans

Siddique Islam 2019-01-16 10:06:17

Financial Institutions Division (FID) under the Ministry of Finance has formed a three-member team to recommend how to reduce the volume of classified loans in the country's banking system. The membe...

Govt to allow LNG import in pvt sector

Govt to allow LNG import in pvt sector

M Azizur Rahman 2019-01-16 10:03:00

The government would soon open the import of liquefied natural gas (LNG) to the private sector, enabling them to sell the fuel to clients of their choice. "The private sector would be able to import...

EU likely to impose tariffs  on rice imports from  Cambodia, Myanmar

EU likely to impose tariffs on rice imports from Cambodia, Myanmar

-- 2019-01-15 22:03:47

The European Union (EU) is likely this week to impose tariffs on rice coming from Cambodia and Myanmar for the next three years to curb a surge in imports, according to a source familiar with the file...

Govt cuts source tax to 0.25pc for all exporters

Govt cuts source tax to 0.25pc for all exporters

-- 2019-01-15 20:56:08

The government has once again slashed tax at source to 0.25 per cent from the existing 0.60 per cent for exporting goods to give some relief mainly to the RMG exporters following the recent hike in th...

Volkswagen, Ford to announce automotive alliance

Volkswagen, Ford to announce automotive alliance

-- 2019-01-15 17:06:28

Volkswagen AG and Ford Motor Co are expected to unveil an alliance on Tuesday that combines forces on commercial vehicles and is likely to expand into joint development of electric and self-driving te...

'Construction of CETP at Savar to be completed soon'

'Construction of CETP at Savar to be completed soon'

-- 2019-01-15 16:59:17

Industries Minister Nurul Majid Mahmud Humayun on Tuesday said the construction works of the Central Effluent Treatment Plant (CETP) at Savar Tannery Industrial City will be completed soon. “Th...

Japan keen to invest in BD’s IT sector

Japan keen to invest in BD’s IT sector

-- 2019-01-15 15:33:54

Visiting Minister in charge of Economic Revitalisation of Japan Toshimitsu Motegi on Tuesday said his country will continue to support Bangladesh in key development arenas, showing interest to invest...

IFIL launches three new products

IFIL launches three new products

FE Online Report 2019-01-15 14:41:10

Islamic Finance and Investment Limited (IFIL) has formally launched three new products in order to provide better financial services to its customers. The new products are: Mudaraba Asan Deposit Sche...

Tokyo court denies Ex-Nissan boss Ghosn’s request for release on bail

Tokyo court denies Ex-Nissan boss Ghosn’s request for release on bail

-- 2019-01-15 13:39:53

The Tokyo District Court on Tuesday denied former Nissan Motor Co Ltd Chairman Carlos Ghosn’s request for release on bail after his indictment last week on two new charges, including for aggrava...

EGCB hands over Tk 350m to BPDB

EGCB hands over Tk 350m to BPDB

FE Online Desk 2019-01-15 13:31:19

A dividend warrant distribution ceremony of Electricity Generation Company of Bangladesh Limited (EGCB) was held recently at Corporate Office of EGCB, Dhaka. Chairman of EGCB and Secretary of Power D...

BWAB holds 2nd AGM & Annual Get-Together

BWAB holds 2nd AGM & Annual Get-Together

FE Online Desk 2019-01-15 13:00:26

The 2nd AGM & Annual Get-Together of Bankers' Welfare Association Bangladesh (BWAB) was held recently. BWAB members from different parts of the country were present in the AGM. Mr. Khondkar Ibra...

MetLife gets new president and CEO

MetLife gets new president and CEO

FE Online Desk 2019-01-15 12:44:16

The board of directors of MetLife, Inc. announced that Michel A. Khalaf, President, U.S. Business and EMEA, will become MetLife’s President and Chief Executive Officer on May 1, 2019. Khalaf als...

79th meeting of Modhumoti Bank EC held

79th meeting of Modhumoti Bank EC held

FE Online Desk 2019-01-15 12:37:35

The 79th Meeting of the Executive Committee of Modhumoti Bank Limited was held on Monday. The meeting was presided over by EC Chairman, Barrister Sheikh Fazle Noor Taposh MP. Among others,Managing D...

Lub-rref (Bangladesh) opens pavilion of BNO Lubricants

Lub-rref (Bangladesh) opens pavilion of BNO Lubricants

FE Online Desk 2019-01-15 12:30:44

Managing Director of Lub-rref (Bangladesh) Ltd. Mohamed Yousuf opened the pavilion of BNO Lubricants recently at 24th Dhaka International Trade Fair, 2019. MD Salauddin Yousuf, Director, Md Rezaul...

Sheltech Bithika: Flat fair at country’s first  condominium on Jan 17-19

Sheltech Bithika: Flat fair at country’s first condominium on Jan 17-19

FE Online Desk 2019-01-15 12:02:06

Real estate company Sheltech is organising a fair at Sheltech Bithika in Dhaka’s Mirpur from January 17 to January 19, putting the country’s first, fully completed and ready condominium&...

Gazipur RMG workers back to workplaces

Gazipur RMG workers back to workplaces

-- 2019-01-15 11:43:10

Welcoming the revised wage structure, workers of all the readymade garment factories in the area have started working at their respective workplaces since Tuesday morning. There was no report of any...

BFSA set to launch restaurant gradation programme soon

BFSA set to launch restaurant gradation programme soon

Saif Uddin 2019-01-15 10:48:17

Bangladesh Food Safety Authority (BFSA) will formally launch its restaurant gradation programme in the city on January 20 aiming to help customers identify eateries' hygiene level, a high official sai...

VW announces fresh $800m investment in US

VW announces fresh $800m investment in US

-- 2019-01-15 10:43:00

Volkswagen said on Monday it was investing $800 million to build a new electric vehicle at its plant in Chattanooga, Tennessee, and scheduled a briefing with Ford Motor for Tuesday on their efforts to...

'Rupali' app to help boost fish production

'Rupali' app to help boost fish production

Ismail Hossain 2019-01-15 10:40:47

The ACI Agribusiness is developing a digital platform called 'Rupali', an android application, under a project to help farmers and other stakeholders get advice and information about aquaculture at th...

BR to procure 40 diesel-electric locomotives from US firm

BR to procure 40 diesel-electric locomotives from US firm

FE Report 2019-01-15 10:26:03

The Bangladesh Railway (BR) has signed a contract with an US manufacturer to procure 40 broad-gauge diesel-electric locomotives at a cost of US$ 235 million (Tk 11.23 billion). The authority believes...

Global auto leaders urge Trump to end trade war

Global auto leaders urge Trump to end trade war

-- 2019-01-15 10:11:50

Auto executives gathered in Detroit on Monday called on the Trump administration and Congress to resolve trade disputes, and end the government shutdown, saying political uncertainty is costing the in...

BB sells over $1.0b to banks in six months

BB sells over $1.0b to banks in six months

Siddique Islam 2019-01-15 09:50:23

The central bank has injected more than US$1.20 billion so far this fiscal year into the market to help keep the country's foreign exchange (forex) regime stable, officials said. As part of the measu...

China mum about DFQF facility for BD

China mum about DFQF facility for BD

Syful Islam 2019-01-15 09:41:36

China remains silent about extending duty-free and quota-free (DFQF) access of Bangladeshi products to its market, though Dhaka agreed to sign a 'letter of exchange' nine months ago. Despite repeated...

Power Div to seek lower foreign aid allocation

Power Div to seek lower foreign aid allocation

FHM Humayan Kabir 2019-01-15 09:37:09

The Power Division has sought lowering of the external resources allocation for project execution by almost a quarter after failing to utilise it fully, officials said on Monday. The officials said t...

Govt waives SIM replacement taxes under MNP service

Govt waives SIM replacement taxes under MNP service

-- 2019-01-14 21:54:03

The government has waived all taxes and supplementary duties imposed against every SIM card replacement through the Mobile Number Portability (MNP) service. The Internal Resources Division of the fin...

Aviation industry urges US  lawmakers to end shutdown

Aviation industry urges US lawmakers to end shutdown

-- 2019-01-14 21:30:12

The global aviation industry represented by Aeronautical Repair Station Association (ARSA) and more than 30 other associations has called upon US President Donald Trump and Congress to end the partial...

BR to get 40 trains in three year’s time

BR to get 40 trains in three year’s time

-- 2019-01-14 18:24:47

Bangladesh Railway (BR) is adding 40 more locomotives to its fleet in three years’ time with financial assistance of Asian Development Bank (ADB), Railways Minister Md Nurul Islam Sujan said on...

Industries minister announces ‘zero tolerance’ against corruption

Industries minister announces ‘zero tolerance’ against corruption

-- 2019-01-14 17:26:04

New Industries Minister Nurul Majid Mahmud Humayun on Monday said he will not tolerate corruption in his ministry. "We have to fulfill the promises we made before the election. The people's expectati...

Newmont to buy Goldcorp in $10 billion deal

Newmont to buy Goldcorp in $10 billion deal

-- 2019-01-14 16:41:11

Gold miner Newmont Mining Corp said on Monday that it would buy smaller rival Goldcorp Inc in a deal valued at $10 billion. Newmont will offer 0.3280 of its share and $0.02 for each Goldcorp share, r...