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The Financial Express

Search results for: Trade

Japan factory output falls, sales slow as risks to economy rise

Japan factory output falls, sales slow as risks to economy rise

-- 2018-12-28 12:47:06

Japan’s industrial output contracted in November and partially reversed the previous month’s gain, while retail sales slowed sharply as increasing global risks drag on demand and threaten...

Nissan to cut China auto output over three months

Nissan to cut China auto output over three months

-- 2018-12-28 11:54:06

Nissan Motor Co plans to cut vehicle production in China by 30,000 units in the coming months, a person briefed on the matter told Reuters news agency, as global automakers grapple with falling demand...

BFCC likely to beat its profit target this year

BFCC likely to beat its profit target this year

Kamrun Nahar 2018-12-28 10:17:15

Biman Flight Catering Centre (BFCC) is expecting to exceed its profit target this year following growing demand for its food both in Biman and foreign carriers, a senior Biman official said. The offi...

Chicken, egg costlier

Chicken, egg costlier

FE Report 2018-12-28 10:09:44

The prices of both chicken and egg increased further last week which traders attributed to a rising demand of the commodities ahead of the national election and New Year. The prices of some varieties...

Upscale hotels see very low occupancy

Upscale hotels see very low occupancy

 Syful Islam and Sajibur Rahman 2018-12-28 10:05:01

Amid fear of chaos before and after the national polls, a significant number of foreigners left Bangladesh, leaving occupancy rate in upmarket hotels and guest houses in the capital to fall. Many pos...

Capital shortfall of nine banks tops Tk 190b in Q3

Capital shortfall of nine banks tops Tk 190b in Q3

-- 2018-12-28 10:01:30

Nine banks including state lenders suffered a total capital shortfall of over Tk 190.63 billion in the third quarter (Q3) of this calendar year as growing classified loans sapped their profits. The b...

RHD moves to repair 22 more bridges

RHD moves to repair 22 more bridges

Munima Sultana 2018-12-28 09:55:15

The Roads and Highways Department (RHD) has moved to upgrade and rehabilitate 22 more bridges in the country's western zone to manage a Japanese assistance given for the purpose, officials said. They...

LNG imports into Northeast Asia  climb to record high in Dec

LNG imports into Northeast Asia climb to record high in Dec

-- 2018-12-27 20:55:50

Shipments of liquefied natural gas (LNG) into Northeast Asia have risen to a record in December, mainly driven by China's continued gasification push, and as the region faces colder-than-usual tempera...

IFIC Bank opens its 147th branch

IFIC Bank opens its 147th branch

FE Online Desk 2018-12-27 13:07:42

IFIC Bank has recently opened its 147th branch at Akharua in Brahmanbaria. Nurul Basher Abdul Mamun, Head of Branch banking of IFIC Bank inaugurated the branch on Wednesday, according to a press rele...

MTB partners with Rangpur Riders

MTB partners with Rangpur Riders

FE Online Desk 2018-12-27 12:57:04

Mutual Trust Bank Limited (MTB) has signed a sponsorship agreement with Bangladesh Premier League (BPL) franchisee Rangpur Riders for the upcoming BPL T20 tournament. Tarek Reaz Khan, Head of SME and...

India tightens e-commerce rules, likely to hit Amazon, Flipkart

India tightens e-commerce rules, likely to hit Amazon, Flipkart

-- 2018-12-27 10:56:21

India will ban e-commerce companies such as Amazon.com and Walmart-owned Flipkart Group from selling products from companies in which they have an equity interest. In a statement, the government also...

RAKUB seeks state guarantee against Tk 5.0b refinancing loan

RAKUB seeks state guarantee against Tk 5.0b refinancing loan

FE Report 2018-12-27 10:24:34

Rajshahi Krishi Unnayan Bank (RAKUB) has sought a guarantee from the government against a Tk 5.0 billion (500 crore) loan under the Bangladesh Bank (BB) refinancing scheme, officials said. The specia...

Waterway dredging to come under real-time monitoring

Waterway dredging to come under real-time monitoring

Mehdi Musharraf Bhuiyan 2018-12-27 10:20:10

The dredging of inland waterways is set to come under real-time monitoring as part of a government plan to develop a web-based system to track all such schemes. Shipping ministry is working to initia...

Govt asks SoCBs to cut NPLs at any cost

Govt asks SoCBs to cut NPLs at any cost

FE Report 2018-12-27 09:24:04

The government has asked the state-owned commercial banks (SoCBs) to lower non-performing loans (NPLs) at any cost, officials said. The directive was given at a meeting at the secretariat on Wednesda...

US co to purchase 25 planes from AirAsia for $768m

US co to purchase 25 planes from AirAsia for $768m

-- 2018-12-26 20:57:33

Malaysian budget carrier AirAsia Group Berhad will sell a portfolio of 25 planes to US private investment firm Castlelake LP for $768 million, it said recently, reports Reuters. Castlelake will also...

Janata Bank opens Pabna University branch

Janata Bank opens Pabna University branch

FE Online Desk 2018-12-26 14:11:56

Professor Dr. M Rostam Ali, Vice Chancellor, Pabna Science & Technology University and Md. Akhtaruzzaman, GM, Rajshahi Divisional Office of Janata Bank Ltd inaugurated Pabna Science & Technolo...

EBL agent banking outlet at Keranigonj opens

EBL agent banking outlet at Keranigonj opens

FE Online Desk 2018-12-26 13:54:34

M. Khorshed Anowar, Head of Retail Banking of Eastern Bank Limited (EBL) and Md. Anwar Hossain Aynal, local Union Parishad Chairman, formally inaugurated an EBL Agent Banking Outlet at Hazratpur of Ke...

NRB Bank opens its 40th branch

NRB Bank opens its 40th branch

FE Online Desk 2018-12-26 13:52:37

NRB Bank Limited has recently opened its 40th branch in Sylhet’s Medical Road area. Mohammed Mahtabur Rahman, Chairman of NRB Bank inaugurated the new branch at a ceremony held on Monday, accor...

Country’s first solar IPP project in the offing

Country’s first solar IPP project in the offing

FE Online Desk 2018-12-26 13:48:17

Country’s first solar IPP (Independent Power Producer) project at the most efficient tariff will be implemented soon. It will be a private sector investment in power sector infrastructure proje...

Premier Cement wins ICAB Award

Premier Cement wins ICAB Award

FE Online Desk 2018-12-26 13:34:27

Premier Cement Mills Limited has won the ICAB National Award in the manufacturing category for its best presented annual report- 2017. Mohammed Amirul Haque, Managing Director of Premier Cement Mills...

Dhaka-Payra port rail link: No progress after signing MoU two years back

Dhaka-Payra port rail link: No progress after signing MoU two years back

Munima Sultana 2018-12-26 13:15:15

The Bangladesh Railway (BR) finds it difficult to go ahead with the memorandum of understanding (MoU) it signed with a British company two years back for establishing Dhaka-Payra port rail link. Sour...

China issues nationwide 'negative' investment list

China issues nationwide 'negative' investment list

-- 2018-12-26 12:50:16

China has issued a so-called “negative” list that specifies industries where investors, domestic or foreign, are either restricted or prohibited, as part of efforts to standardise market e...

Tripura plans tea export to Bangladesh

Tripura plans tea export to Bangladesh

FE Report 2018-12-26 10:50:12

Indian northeast state of Tripura is planning to export tea to Bangladesh through participating in the auction at Sreemangal in Sylhet, according to a report published in an Indian daily on Tuesday....

Mustard growers eye bumper yield

Mustard growers eye bumper yield

Yasir Wardad 2018-12-26 10:36:42

Mustard growers have been eyeing a bumper production this season with a hope to recoup losses they suffered previously due to severe crop failures. Farmers and agriculturists expressed optimism that...

"Perpetual protectionism leads to high local prices"

"Perpetual protectionism leads to high local prices"

FE Report 2018-12-26 10:32:46

Unending domestic industry protection leads to high prices of goods in the local market and consumers are made the victims, a leading economist has said. "A time-bound tariff protection can be offere...

Falling global oil prices help BPC reach break-even stage

Falling global oil prices help BPC reach break-even stage

M Azizur Rahman 2018-12-26 09:37:47

The state-run Bangladesh Petroleum Corporation (BPC) has now reached the break-even point as far as marketing of oil products is concerned owing to a sharp fall in oil prices in the international mark...

Banks face liquidity pressure before polls

Banks face liquidity pressure before polls

Siddique Islam 2018-12-26 09:30:46

The country's money market is now facing liquidity pressure following higher withdrawal of cash from the banks ahead of the national polls, bankers said. Some cash-hungry banks have also availed liqu...

Tokyo court orders release of Nissan's Kelly

Tokyo court orders release of Nissan's Kelly

-- 2018-12-25 19:24:42

Former Nissan Motor Co Representative Director Greg Kelly was set to be released after more than a month in detention after a Tokyo court late on Tuesday rejected prosecutors’ request to hold th...

RCCI holds AGM

RCCI holds AGM

-- 2018-12-25 16:46:26

The Rangpur Chamber of Commerce and Industry (RCCI) held its annual general meeting (AGM)-2018 on Monday evening. The RCCI President presented excerpts of the previous AGM, annual report on RCCI acti...

Joules to install solar power plant in Chandpur

Joules to install solar power plant in Chandpur

-- 2018-12-25 16:31:18

After setting up the first large solar power plant of Bangladesh, Joules Power has secured a contract to build another powerhouse in Chandpur Economic Zone. Bangladesh Economic Zone Authority or BEZA...