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The Financial Express

Search results for: Trade

India cuts tax rates on some goods under national sales tax

India cuts tax rates on some goods under national sales tax

-- 2018-12-23 11:59:07

India slashed the sales tax rate on over 20 items on Saturday in a move aimed at appealing to traders and the middle class after Prime Minister Narendra Modi’s ruling party lost elections in fiv...

Japan court extends Ghosn’s detention by 10 days

Japan court extends Ghosn’s detention by 10 days

-- 2018-12-23 11:24:42

A Japanese court has extended for 10 days the detention of ousted Nissan Motor Co chairman Carlos Ghosn, who is facing new allegations of making the car maker shoulder $16.6 million in personal invest...

Automakers boost Takata air bag recall completion rates

Automakers boost Takata air bag recall completion rates

Reuters 2018-12-23 10:28:03

Automakers in the United States repaired more than 7.2 million defective Takata air bag inflators in 2018, as companies have ramped up efforts to track down parts in need of replacement, a report from...

Biman looks to open five routes next summer

Biman looks to open five routes next summer

Kamrun Nahar 2018-12-23 10:24:42

The Biman Bangladesh Airlines authority is expecting to add in its network five more international stations in the summer schedule of 2019 which starts from March 28 and continues till October, said a...

Govt to install 150-km gas pipeline in N dists

Govt to install 150-km gas pipeline in N dists

FHM Humayan Kabir 2018-12-23 09:46:19

The government will install a 150-kilometre gas transmission line up to northern districts in a bid to tap industrial potential in the country's impoverished region, officials said Saturday. Governme...

‘Escalation protocol’ to be in place for errant apparel units

‘Escalation protocol’ to be in place for errant apparel units

Monira Munni 2018-12-23 09:34:55

The errant garment factories, inspected under National Initiative, will finally face strict measures like suspension of production, upon their failure to complete the post-inspection remediation work...

China plans to buy more US soybeans

China plans to buy more US soybeans

-- 2018-12-22 21:27:46

CHICAGO, Dec 22 (Reuters): China plans to make a third round of US soybean purchases within days, two sources familiar with the matter said on Thursday, after a trade war truce between Washington and...

Osama Taseer becomes DCCI President

Osama Taseer becomes DCCI President

-- 2018-12-22 20:57:25

Osama Taseer has been elected President of Dhaka Chamber of Commerce and Industry (DCCI) for the year 2019. Waqar Ahmad Choudhury and Imran Ahmed have been elected Senior Vice President and Vice Pres...

Mastercard names ‘Win Trip for Two’ campaign winners

Mastercard names ‘Win Trip for Two’ campaign winners

FE Online Desk 2018-12-22 15:57:31

Mastercard, in association with Daraz Bangladesh Limited, has announced the winner for ‘Win Trip For Two To Singapore’ campaign for November 2018, which aims to drive digital payments on D...

BSDB moves to strengthen silk sector further

BSDB moves to strengthen silk sector further

-- 2018-12-22 15:14:22

Field level development activities of silk are progressing successfully with the aim of bringing back its lost glory through revitalising the sector across the country. Bangladesh Silk Development Bo...

White House unveils goals for Japan trade talks

White House unveils goals for Japan trade talks

Reuters 2018-12-22 15:03:56

The White House on Friday laid out objectives for trade talks with Japan, setting the clock for them to begin as early as Jan. 20, as the administration seeks to slash the United States’ $69 bil...

Pakistan eyes easing visa policy to revive tourism

Pakistan eyes easing visa policy to revive tourism

Reuters 2018-12-22 14:48:06

Pakistan is planning to ease visa restrictions for visitors from 55 countries, including most European nations, in a bid to revive tourism that was devastated by Islamist violence in the fallout from...

BASIS holds EGM

BASIS holds EGM

FE Online Desk 2018-12-22 14:26:49

An Extra-Ordinary General Meeting (EGM) of Bangladesh Association of Software and Information Services (BASIS), the apex ICT trade association was held recently in the city.   The EGM took plac...

Jet fuel price hike jacks local airlines' operating costs up

Jet fuel price hike jacks local airlines' operating costs up

Kamrun Nahar 2018-12-22 10:05:50

Operating costs of local airlines have increased this year due to a rise in jet fuel price and devaluation of taka, aviation industry insiders said. To help sustain the local airliners, the governmen...

China shuns American oil despite trade war truce

China shuns American oil despite trade war truce

-- 2018-12-21 22:32:04

China, the world's top oil importer, is set to start 2019 buying little or no crude from the United States despite a three-month truce in a trade scrap between the two nations, with relatively high fr...

Titas Gas sold Tk 14.18b worth of gas in FY18

Titas Gas sold Tk 14.18b worth of gas in FY18

FE Online Report 2018-12-21 20:29:17

The Titas Gas Transmission and Distribution Company Limited sold 16,961.75 million cubic mitres of gas worth Tk 14.18 billion in the fiscal year 2017-18 (FY18), which was a 13 per cent incre...

Court fines French oil group Total in Iran bribery case

Court fines French oil group Total in Iran bribery case

-- 2018-12-21 19:47:03

A Paris court on Friday fined French oil group Total 500,000 euros for bribing foreign public officials in a case related to contracts in Iran in 1997. Total was accused of paying some $30 million in...

Rajshahi moves ahead with adequate fish production

Rajshahi moves ahead with adequate fish production

-- 2018-12-21 15:48:04

Fish production has increased significantly in Rajshahi district after taking multidimensional development and extension programmes. Fish farming made many people financially solvent in the region al...

China denies rumours about not cutting taxes and fees

China denies rumours about not cutting taxes and fees

Reuters 2018-12-21 15:13:19

China’s cabinet financial oversight body said on Friday that online rumours about a decision to be made by the Central Economic Work Conference not to cut taxes and fees are wrong.  &ldquo...

Oil prices rise as OPEC output cuts seen deeper than previously expected

Oil prices rise as OPEC output cuts seen deeper than previously expected

Reuters 2018-12-21 11:59:00

Oil prices climbed on Friday after tumbling 5 percent in the previous session on signs OPEC’s production cuts that start next month will be deeper than expected. Benchmark Brent crude futures w...

Workplace conditions improve, but no change in business model

Workplace conditions improve, but no change in business model

FE Report 2018-12-21 11:19:41

The fundamental business model in readymade garment (RMG) supply chains has not changed since the Rana Plaza building collapse despite improvement in workplace conditions and enhanced transparency lev...

Nissan's Ghosn re-arrested, chances of imminent bail dashed

Nissan's Ghosn re-arrested, chances of imminent bail dashed

Reuters 2018-12-21 11:15:07

Japanese prosecutors re-arrested Nissan Motor Co Ltd’s (7201.T) ousted chairman Carlos Ghosn on Friday on fresh allegations of making Nissan shoulder $16.6 million in personal investment losses,...

Fish prices increase further

Fish prices increase further

FE Report 2018-12-21 11:06:08

Fish prices increased further last week raising woes of the consumers. Prices of ginger and garlic, however, showed a slight decline while that of most other commodities remained stable in the last s...

Taka remains up in 2018 third quarter

Taka remains up in 2018 third quarter

Jasim Uddin Haroon 2018-12-21 10:27:02

Taka remained upwards until September (Q3) since last June against other global currencies, as indicated by its real effective exchange rate (REER). Usually, such appreciation of the local currency i...

Mercury drops, sale of warm clothes rises

Mercury drops, sale of warm clothes rises

SM Najmus Sakib 2018-12-21 10:17:37

The sale of warm clothes in the city has increased manifold shortly after the mercury drops drastically across the country including Dhaka as an impact of the latest cyclone 'Phethai'. Sellers of war...

Vietnam for boosting trade relations with Bangladesh

Vietnam for boosting trade relations with Bangladesh

-- 2018-12-20 19:14:22

Vietnam on Thursday called for strengthening business ties with Bangladesh and encouraged businesses to invest in the Southeast Asian country. A Vietnam delegation emphasised increasing bilateral tra...

Dollar slips toward a 10-day low on growth concerns

Dollar slips toward a 10-day low on growth concerns

-- 2018-12-20 15:37:01

The dollar fell toward a 10-day low on Thursday against its rivals as concerns grew the United States may be heading for a sharp economic slowdown next year despite the Federal Reserve raising interes...

Tokyo court rejects request to extend Ghosn’s detention

Tokyo court rejects request to extend Ghosn’s detention

-- 2018-12-20 13:23:38

In a surprise move, a court in Japan has rejected a request to extend the detention of Nissan's former chairman Carlos Ghosn, paving the way for his release. Mr Ghosn has been charged with financial...

Oil prices resume drop, shed most of last session's gains

Oil prices resume drop, shed most of last session's gains

Reuters 2018-12-20 12:49:33

Oil prices fell on Thursday to erase most of their gains from the day before, resuming declines seen earlier in the week amid worries about oversupply and the outlook for the global economy. The fron...

Project to develop Dhaka's safe food system in the offing

Project to develop Dhaka's safe food system in the offing

FE Report 2018-12-20 12:30:35

Bangladesh, with the financial support of the Netherlands, is undertaking a project to develop a safe, sustainable and resilient food system in Dhaka metropolitan area for the sake of public health....