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The Financial Express

Search results for: Trade

Government mulls extension of counter-guarantees for BSFIC

Government mulls extension of counter-guarantees for BSFIC

FE Report 2019-01-11 11:03:24

The government is considering extension of counter-guarantees involving over Tk 18.56 billion for state-run Bangladesh Sugar and Food Industries Corporation (BSFIC), officials said. Contacted, a depu...

Manpower export may fall further in coming years

Manpower export may fall further in coming years

Arafat Ara 2019-01-11 10:37:25

The country's manpower export may experience further fall in the coming years due to poor demand for less-skilled workers in major markets, experts and sector insiders have predicted, calling for urge...

RHD needs addl Tk 55b in RADP

RHD needs addl Tk 55b in RADP

Munima Sultana 2019-01-11 10:12:41

The Roads and Highways Department (RHD) of the government is seeking an additional allocation of Tk 55 billion (5,500 crore) in the Revised Annual Development Programme (RADP). Sources said it was se...

BPC back in profit from oil trading

BPC back in profit from oil trading

 M Azizur Rahman 2019-01-11 09:58:21

The state-run Bangladesh Petroleum Corporation (BPC) is back in making profits from oil trading, thanks to a downtrend in oil prices in the international market. The BPC earned profits of Tk 100 mill...

59.59pc rise in fuel oil import takes expenses to $22b

59.59pc rise in fuel oil import takes expenses to $22b

Siddique Islam 2019-01-11 09:51:09

Bangladesh's import expenses crossed US$22 billion in the first five months of the current fiscal year (FY), 2018-19, following a 59.59 per cent increase in fuel oil import, officials said. The actua...

India’s sugar exports unlikely to meet target

India’s sugar exports unlikely to meet target

-- 2019-01-10 20:50:03

India's sugar exports are likely to be far lower than a 5.0 million-tonne target set by New Delhi as a strengthening rupee and falling global prices make shipments unattractive despite a government pu...

Commerce Minister asks rice millers, traders to shun unscrupulous means

Commerce Minister asks rice millers, traders to shun unscrupulous means

-- 2019-01-10 20:36:14

Commerce Minister Tipu Munshi on Thursday urged the rice millers and wholesalers across the country not to indulge in any unscrupulous means which might lead to soaring of rice price affecting the mem...

Kaptai Lake’ pilot solar project awaits ADB funding

Kaptai Lake’ pilot solar project awaits ADB funding

-- 2019-01-10 18:11:52

The Power Division is waiting for Asian Development Bank (ADB) approval about its funding to implement a floating 50MW solar project in the Kaptai Lake, official sources told UNB agency. "We've heard...

One Biman flight arrives late at HSIA

One Biman flight arrives late at HSIA

FE Online Report 2019-01-10 15:35:18

A flight of Biman Bangladesh airlines has failed to meet its arrival schedule at Hazrat Shahjalal International Airport (HSIA) in Dhaka city. The flight from London was scheduled to arrive at the air...

Huawei offers 40c discount in smartphone expo

Huawei offers 40c discount in smartphone expo

FE Online Desk 2019-01-10 15:19:43

Huawei has announced exciting offers and lucrative discounts on its devices and accessories for the Smartphone & Tab Expo-2019. The expo is scheduled to be held at Bangabandhu International Conf...

Trade talks with US set basis to resolve issues: China

Trade talks with US set basis to resolve issues: China

-- 2019-01-10 12:03:50

Trade talks between China and the United States this week were extensive, and helped establish a foundation for the resolution of each others’ concerns, China’s commerce ministry said on T...

BD seeks to boost trade ties with Australia

BD seeks to boost trade ties with Australia

Talha Bin Habib 2019-01-10 11:57:30

Bangladesh will seek Australian cooperation in exploring natural gas, coal and other sectors during a trade conference in Sydney in April, officials said. The Bangladesh embassy in Canberra has infor...

Airbus loses to Boeing in annual jet order race

Airbus loses to Boeing in annual jet order race

-- 2019-01-10 11:48:42

Europe’s Airbus lost out to Boeing in 2018, breaking a five-year winning streak against its US rival for the number of jet orders, slumping to its lowest share of the $150 billion jet market in...

BD emerges major market for textile, RMG machinery

BD emerges major market for textile, RMG machinery

FE Report 2019-01-10 10:26:42

Bangladesh has now emerged one of the potential markets for global textile and garment machinery manufacturers thanks to rising demands for locally made apparel items across the world. The local spin...

5.0pc Ctg WASA tariff hike in Feb

5.0pc Ctg WASA tariff hike in Feb

Pankaj Dastider 2019-01-10 10:19:48

The Chittagong WASA is going to increase water tariff by 5.0 per cent for all types of consumers -- domestic, industrial and commercial -- with effect from February this year. The Chittagong Water Su...

BIMSTEC to meet on ROO in Delhi

BIMSTEC to meet on ROO in Delhi

Mir Mostafizur Rahaman 2019-01-10 10:18:03

Trade negotiators of the regional bloc BIMSTEC will meet in Delhi on January 21-22 to resolve the rules of origin (ROO) dispute which is critical to a deal on 'trade on goods', sources said. Disagree...

EU may clear steel import  curb after Trump tariffs

EU may clear steel import curb after Trump tariffs

-- 2019-01-09 22:34:54

European Union countries are expected to next week approve a scheme to limit imports of steel into the bloc following US President Donald Trump's imposition of tariffs on steel and aluminum entering t...

16th Dhaka Int’l Textile & Garment machinery exhibition begins

16th Dhaka Int’l Textile & Garment machinery exhibition begins

-- 2019-01-09 18:30:20

The 16th Dhaka International Textile and Garment Machinery Exhibition began at Basundhara International Convention Centre (BICC) in the capital on Wednesday. FBCCI president Shafiul Islam Mohiuddin i...

President stresses product diversification to boost export

President stresses product diversification to boost export

-- 2019-01-09 17:41:17

President Abdul Hamid on Wednesday laid emphasis on expanding trade, exploring new markets and diversifying products apart from developing skills to have a stronger presence of Bangladeshi products on...

Emirates offers special fares for travel from Bangladesh

Emirates offers special fares for travel from Bangladesh

-- 2019-01-09 15:10:34

Emirates has come up with special limited time offers for passengers travelling from Bangladesh to 157 destinations across its global network. The special fares will be applicable for booking between...

Tokyo court rejects request to end Ghosn's detention

Tokyo court rejects request to end Ghosn's detention

-- 2019-01-09 13:47:33

The Tokyo District Court has rejected a request by lawyers of Carlos Ghosn to end the detention of the ousted Nissan Motor Co Ltd chairman, who has been held since his November 19 arrest on accusation...

World Bank's Kim to join private equity firm GIP

World Bank's Kim to join private equity firm GIP

-- 2019-01-09 11:41:42

Jim Yong Kim, who abruptly resigned as president of the World Bank on Monday, is joining investment firm Global Infrastructure Partners (GIP). US-based GIP is a private equity fund that invests in pr...

Tk 8.90b investment plan to revamp Chhatak Cement Co

Tk 8.90b investment plan to revamp Chhatak Cement Co

FE Report 2019-01-09 11:18:16

Chhatak Cement Company Limited incurred an accumulated loss of over Tk 3.63 billion in last five fiscal years from 2013-14 to 2017-18 mainly due to gradual erosion in production capacity with old, out...

BB seeks info on banks’ overdue import bills

BB seeks info on banks’ overdue import bills

Siddique Islam 2019-01-09 10:42:28

The central bank has sought information on overdue import bills up to December 31, 2018 from the commercial banks by January 13, as the amount of such bills stood at around US$ 600 million. "We've se...

RMG pay structure: Tripartite body to find discrepancy

RMG pay structure: Tripartite body to find discrepancy

FE Report 2019-01-09 09:56:11

A tripartite committee of representatives from government, garment operators and workers has been formed to look into the inconsistencies in the new wage structure for the apparel sector. The panel h...

Pvt insurance staffers to be public servants!

Pvt insurance staffers to be public servants!

Jasim Uddin Haroon 2019-01-09 09:43:12

A move is well under way to make private insurance employees' as "public servants" with intent to bring them under a legal framework. The people working at the Financial Institutions Division under t...

Bangladesh gets offers in 50,000 tonnes wheat purchase tender

Bangladesh gets offers in 50,000 tonnes wheat purchase tender

-- 2019-01-08 21:41:50

Bangladesh's state grains buyer received the lowest offer of $290.94 a tonne C&F liner out in an international tender on Tuesday to purchase and import 50,000 tonnes of wheat, sources in the purch...

Airbus meets 2018 delivery  target subject to audit

Airbus meets 2018 delivery target subject to audit

-- 2019-01-08 21:41:03

Airbus operationally hit its main industrial target of 800 aircraft deliveries in 2018 after record handovers in December, said two people briefed on the matter, reports Reuters. The final published...

Govt to review garment workers’ wage

Govt to review garment workers’ wage

-- 2019-01-08 20:12:11

The government has decided to set up a 12-member panel to review the wage of garment workers and take steps within a month amid labour protests in Dhaka. Commerce Minister Tipu Munshi made the announ...

DITF-2019 to begin Wednesday

DITF-2019 to begin Wednesday

-- 2019-01-08 18:01:21

The 24th Dhaka International Trade Fair (DITF-2019) begins tomorrow (Wednesday) at Sher-E-Bangla Nagar, adjacent to Bangabandhu International Conference Centre (BICC), in the city. President M Abdul...