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The Financial Express

Search results for: Trade

Foreign banks hardly lend money to SMEs

Foreign banks hardly lend money to SMEs

Rezaul Karim 2018-12-10 09:56:46

Lending to Small and Medium Enterprises (SMEs) by foreign commercial banks (FCBs) operating in Bangladesh is much lower than expected level over the years, banking sources said. According to the data...

New VAT law to come into force from next fiscal year

New VAT law to come into force from next fiscal year

FE Report 2018-12-10 09:45:47

The new VAT law will come into force from the next fiscal year with multiple rates instead of a uniform rate of 15 per cent, the head of NBR said on Sunday. The National Board of Revenue (NBR) may ke...

Bangladesh, Portugal agree to boost bilateral relations

Bangladesh, Portugal agree to boost bilateral relations

-- 2018-12-09 20:58:25

Bangladesh and Portugal have agreed to enhance the existing bilateral relations for mutual benefits of the two countries. The two countries discussed the bilateral issues in the first-ever bilateral...

flydubai to re-launch flights to Chittagong from Jan 20

flydubai to re-launch flights to Chittagong from Jan 20

-- 2018-12-09 19:02:03

Dubai-based flydubai has announced the start of flights to Chittagong in Bangladesh from January 20 next year with daily flights. Sudhir Sreedharan, Senior Vice President Commercial (UAE, GCC, Subcon...

Two domestic flights depart late from Dhaka airport

Two domestic flights depart late from Dhaka airport

FE Online Report 2018-12-09 15:19:17

Two domestic flights of Biman Bangladesh Airlines have failed to meet their departure schedules at Hazrat Shahjalal International Airport in Dhaka on Sunday. A flight of Biman was scheduled to depart...

Standard Bank inaugurates 127th branch

Standard Bank inaugurates 127th branch

FE Online Desk 2018-12-09 14:43:26

Standard Bank Limited (SBL) has opened its 127th branch at Alhaj Nizamuddin Tower in Nayanpur Bazar area in Gazipur’s Sreepur. Mamun-Ur-Rashid, Managing Director and CEO of the Bank inaugurated...

China warns Canada to free Huawei CFO or face ramification

China warns Canada to free Huawei CFO or face ramification

Reuters 2018-12-09 10:54:27

China warned Canada on Saturday that there would be severe consequences if it did not immediately release Huawei Technologies Co Ltd’s [HWT.UL] chief financial officer, calling the case “e...

Women entrepreneurs fall far behind others

Women entrepreneurs fall far behind others

Rezaul Karim 2018-12-09 10:46:03

Women entrepreneurs have fallen far behind others in getting access to SME loans over the years though the overall SME financing keeps rising. According to data available with the central bank, the w...

500 workers remain stranded in Kuwait

500 workers remain stranded in Kuwait

FE Report 2018-12-09 10:41:25

At least 500 jobless Bangladeshi workers have remained stranded in Kuwait for a long time, officials and family members said. The workers were trapped by brokers in Bangladesh and some 'dishonest' sp...

RMG exports to India grow 165pc in first five months

RMG exports to India grow 165pc in first five months

Monira Munni 2018-12-09 10:00:13

The country's readymade garment exports to India grew by more than 165 per cent to US$ 232.39 million during the first five months of the current fiscal year (FY 2018-19) over the corresponding period...

RHD seeks to buy eight vehicles for 28-km road-widening project

RHD seeks to buy eight vehicles for 28-km road-widening project

FHM Humayan Kabir 2018-12-09 09:56:57

The Roads and Highways Department (RHD) will purchase eight vehicles for a project under which 28-kilometre district road in Tangail will be widened, officials said on Saturday. They said it has prop...

Berthing delays ease at Ctg port

Berthing delays ease at Ctg port

Jasim Uddin Haroon 2018-12-09 09:53:49

Berthing delays in container vessels at outer anchorage of the Chittagong Port has eased significantly over the past week. This has brought down the number of vessels waiting far from the country's b...

Bangladesh, Nepal to form technical teams for energy exploration

Bangladesh, Nepal to form technical teams for energy exploration

-- 2018-12-08 21:47:56

Bangladesh and Nepal will form two technical teams to conduct feasibility studies on three aspects of potential energy cooperation between the two nations. According to official sources, the decision...

CPD to form Citizen Commission for banks after polls

CPD to form Citizen Commission for banks after polls

FE Online Report 2018-12-08 17:35:05

The Centre for Policy Dialogue (CPD) will form a Citizen Commission after the general election to address transparency in the country’s banking sector. The Citizen Commission will provide recom...

Three domestic flights depart late from HSIA

Three domestic flights depart late from HSIA

FE Online Report 2018-12-08 17:03:22

Three domestic flights of different airlines have failed to meet their departure schedules at Hazrat Shahjalal International Airport in Dhaka on Saturday. A flight of Biman Bangladesh Airlines was sc...

Rod prices up by 20pc in one year

Rod prices up by 20pc in one year

-- 2018-12-08 17:03:00

The price of rods, the main input material in construction, has gone up by around 20 per cent in a year in the local market, raising costs in the construction and real estate industry. Rods or rebar...

Two Biman flights land late at Dhaka airport

Two Biman flights land late at Dhaka airport

FE Online Report 2018-12-08 15:20:31

Two international flights of Biman Bangladesh Airlines have failed to meet their arrival schedules at Hazrat Shahjalal International Airport (HSIA) in Dhaka on Saturday. Flight BG 148 from Dubai was...

IPDC Uddokta Summit 2018 held

IPDC Uddokta Summit 2018 held

FE Online Desk 2018-12-08 14:24:29

IPDC Finance Limited along with Bangladesh Open Source Network (BdOSN)’s entrepreneur development initiative ‘Chakri khujbo na, chakri debo’ and University of Asia Pacific (UAP) have...

BUILD, MoI discuss updates on SME projects

BUILD, MoI discuss updates on SME projects

FE Online Desk 2018-12-08 13:58:42

Business Initiative Leading Development (BUILD) discussed the undertakings of SME Development Working Committee (SMEDWC) in a meeting with Secretary in-charge, Ministry of Industries (MOI) recently....

Facebook to buy back additional $9 billion of shares

Facebook to buy back additional $9 billion of shares

Reuters 2018-12-08 13:14:59

Facebook Inc (FB.O) will buy back an additional $9 billion of its shares, as it looks to pacify investors following a slump in its stock. The social media giant’s shares, which have tumbled mor...

Uber makes confidential filing for long-awaited IPO

Uber makes confidential filing for long-awaited IPO

Reuters 2018-12-08 12:46:25

Uber Technologies Inc has filed paperwork for an initial public offering, according to three people with knowledge of the matter, taking a step closer to a key milestone for one of the most closely wa...

40pc solid waste in urban areas remain unmanaged

40pc solid waste in urban areas remain unmanaged

Sajibur Rahman 2018-12-08 11:47:39

Around 40 per cent of solid wastes generated in the country's urban areas remain unmanaged, creating adverse environmental impacts and public health hazards, according to a study. It revealed that su...

Sales of warm clothes peak

Sales of warm clothes peak

FE Report 2018-12-08 10:46:36

The sales of warm clothes have perked up at shopping malls and roadside shops in the capital, with mercury falling gradually across the country. A spot visit to different shops on Friday found trader...

Huawei CFO accused of Iran sanctions cover-up

Huawei CFO accused of Iran sanctions cover-up

-- 2018-12-08 10:34:11

Huawei Technologies Co Ltd's chief financial officer faces US accusations that she covered up her company's links to a firm that tried to sell equipment to Iran despite sanctions, a Canadian prosecuto...

Wheat output likely to drop this season

Wheat output likely to drop this season

Yasir Wardad 2018-12-08 10:15:32

Wheat production is likely to decline further this season as farmers are switching to other crops following the attack of a fungal disease on the fields. Persistent low prices of the cereal in the do...

Govt agencies lukewarm about IDB loans

Govt agencies lukewarm about IDB loans

Mehdi Musharraf Bhuiyan 2018-12-08 10:13:04

Different government ministries and agencies are growingly becoming reluctant to take 'costly' loans from the Islamic Development Bank (IDB). The Jeddah-based multilateral lender has been one of the...

LPG prices up as suppliers out to punish bottlers

LPG prices up as suppliers out to punish bottlers

Doulot Akter Mala 2018-12-08 09:41:29

Local bottling plants are in dire straits after bulk suppliers have suspended supplies of liquefied petroleum gas (LPG) since November 12. Prices of LPG cylinders for household use rose significantly...

HCL to buy $1.8b of IBM software in biggest Indian IT deal

HCL to buy $1.8b of IBM software in biggest Indian IT deal

-- 2018-12-07 17:46:35

HCL Technologies will buy some software assets from US-based IBM Corp for $1.8 billion, the companies said on Friday, marking the largest purchase ever by an Indian IT services firm. HCL Tech will bu...

16 Awami League-allied candidates get boat symbol

16 Awami League-allied candidates get boat symbol

-- 2018-12-07 15:11:20

The Awami League has announced final candidates for 240 seats in the 11th parliamentary election and approved the ‘boat symbol’ for 16 candidates from allied parties. Five of these candid...

RHD signs concessionaire deal with China-led group

RHD signs concessionaire deal with China-led group

FE Report 2018-12-07 14:58:00

A China-led consortium is set to construct Dhaka Bypass as the country's first toll expressway with high-tech road facilities under public-private partnership (PPP) initiative. Roads and Highways Dep...