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The Financial Express

Search results for: Trade

Petrobangla cancels LNG terminal deal with HSMPL

Petrobangla cancels LNG terminal deal with HSMPL

M Azizur Rahman 2018-11-14 12:34:48

State-run Petrobangla has cancelled a deal with the consortium of Hong Kong Shanghai Manjala Power Ltd (HSMPL), consisting of Malaysia's Petronas and local Global LNG, for building a FSU and a fixed j...

Aman prices drop on high yield

Aman prices drop on high yield

Yasir Wardad 2018-11-14 12:31:49

Paddy prices have dropped remarkably this bumper Aman season, hurting the local peasantry who are already struggling with a rise in production costs. Market watchers said millers, importers and other...

Alibaba Singles' Day sales hit $10b in first hour

Alibaba Singles' Day sales hit $10b in first hour

Reuters 2018-11-11 12:38:49

Chinese e-commerce giant Alibaba Group Holding Ltd settled roughly 69 billion yuan ($9.92 billion) in the first hour of its annual Singles’ Day on Sunday, up roughly 21 per cent from last year&r...

Delay in enacting new company law frustrates co secretaries

Delay in enacting new company law frustrates co secretaries

FE Report 2018-11-11 11:10:07

Company secretaries have expressed disappointment over the delay in enacting a new company law through repealing the Companies Act 1994. "The government promulgated Chartered Secretaries Act 2010 and...

Iraq, Saudi Arabia agree to work together to stabilise oil markets

Iraq, Saudi Arabia agree to work together to stabilise oil markets

-- 2018-11-11 10:27:53

Iraq and Saudi Arabia agreed on Saturday to work together to stabilize oil markets, Iraq’s Oil Ministry spokesman Asim Jihad said, without giving further details. During a meeting in Baghdad, I...

Corporate governance comes into sharp focus : Muhith

Corporate governance comes into sharp focus : Muhith

FE Report 2018-11-11 10:18:17

A total of 28 corporate entities from 11 categories have won the ICSB National Award 2017. The awards were handed over to the respective companies at a programme held at a city hotel on Saturday. In...

Owners of luxury cars under NBR scanners

Owners of luxury cars under NBR scanners

Doulot Akter Mala 2018-11-11 10:02:42

Buyers of luxury cars have come under scanners of the tax authority as they might have concealed the actual brand names of vehicles and their prices in the income tax files. Tax officials said many o...

Around 500 RMG factories may lose business due to Accord's departure

Around 500 RMG factories may lose business due to Accord's departure

Monira Munni 2018-11-11 10:02:29

More than 500 readymade garment (RMG) factories might lose their eligibility to produce apparels for around 200 Accord-signatory brands and buyers with the departure of the platform from Bangladesh af...

Rooppur NPP: Three contracts with Russia by Dec next year

Rooppur NPP: Three contracts with Russia by Dec next year

M Azizur Rahman 2018-11-11 09:58:48

The government is eyeing three contracts with Russia regarding Rooppur Nuclear Power Plant (NPP) lifecycle services by December 2019 to smoothly implement the project. "We're working to complete nego...

Traffic signalling system upgrade falters

Traffic signalling system upgrade falters

Munima Sultana 2018-11-11 09:57:38

A project to upgrade the signalling system at the city's four busy intersections is apparently falling through a lack of coordination between departments. Dhaka Transport Coordination Authority (DTCA...

Gas supply improves slightly in Ctg

Gas supply improves slightly in Ctg

-- 2018-11-10 21:17:48

The gas supply in Chattogram has improved slightly compared to that of last week following some measures taken by the authorities concerned. According to official sources, the areas under the Karnaph...

Huawei offers discount on two smartphones

Huawei offers discount on two smartphones

-- 2018-11-10 18:33:21

Huawei Consumer Business Group (Bangladesh) is offering discounts on two popular smartphones for Bangladeshi consumers. Nova 3i featuring four artificial intelligence (AI) cameras will be available a...

Investors focus on retailers as wages rise in US

Investors focus on retailers as wages rise in US

-- 2018-11-10 14:45:46

US companies are warning about rising wages eating into profit margins, increasing investor worries that next year’s expected drop in profit growth may be sharper than feared. Amidst overall st...

Biman flight from Muscat misses arrival schedule at HSIA

Biman flight from Muscat misses arrival schedule at HSIA

FE Online Report 2018-11-10 14:09:23

One flight of Biman Bangladesh Airlines has failed to meet its arrival schedule at Hazrat Shahjalal International Airport (HSIA) on Saturday. A flight from Muscat was scheduled to arrive at the airpo...

EBL organises training for SME women entrepreneurs

EBL organises training for SME women entrepreneurs

FE Online Desk 2018-11-10 13:48:55

Eastern Bank Ltd. (EBL) Women Banking jointly with SME Foundation organised a “SME Business Management Training for Women Entrepreneurs” in Chouhatta, Sylhet recently. The 4-day training...

EBL receives IFC Global Awards

EBL receives IFC Global Awards

FE Online Desk 2018-11-10 13:25:31

Eastern Bank Limited (EBL) has received two prestigious global awards - “2017 Best issuing Bank Partner-South Asia” and “2017 Best Trade Operations Bank Partner-South Asia” fro...

BRAC Bank, Daraz sign deal

BRAC Bank, Daraz sign deal

FE Online Desk 2018-11-10 13:18:58

  BRAC Bank Limited and Daraz Bangladesh Limited have signed a memorandum of understanding to provide banking services to E-Commerce sellers who sales their products on Daraz.com.bd platform. &...

Processed jackfruit products now on export list

Processed jackfruit products now on export list

FE Report 2018-11-10 11:14:40

Bangladesh will start exporting processed jackfruit products to the EU countries early next year, which experts believe will diversify the country's export basket. Presently, the national fruit is sh...

BD an investment hotspot, says JICA representative

BD an investment hotspot, says JICA representative

Our Correspondent 2018-11-10 10:24:27

Japan International Cooperation Agency (JICA) chief representative for Bangladesh Hitoshi Hirata said Japanese entrepreneurs see Bangladesh as the most attractive investment hub. Terming Bangladesh a...

BTRC defaults on foreign debt servicing

BTRC defaults on foreign debt servicing

Syful Islam 2018-11-10 10:13:20

Bangladesh for the first time in its 47 years of history defaulted on servicing any external debt and faced penalty. Officials said this happened in the case of much-touted Bangabandhu Satellite-1...

‘Focus on circular economy’

‘Focus on circular economy’

Asjadul Kibria from Wolfsburg, Germany 2018-11-10 10:12:44

Nobel laureate Prof Muhammad Yunus on Friday said the circular economy and social stock market will lead to a new civilisation. "Instead of greed-driven stock market, there will be social market and...

BD businesses fear fallout from protectionism

BD businesses fear fallout from protectionism

Mehdi Musharraf Bhuiyan 2018-11-10 10:05:11

A growing number of Bangladeshi businesses are becoming concerned about protectionism worldwide despite maintaining a positive outlook on global trade for the coming years, according to a survey of...

Sustainable global future ‘requires good governance’

Sustainable global future ‘requires good governance’

Asjadul Kibria, from Wolfsburg, Germany 2018-11-09 18:55:45

Sustainable global future without poverty, hunger and greed requires good governance along with out-of-the-box thinking like social business. These observations were made at the inaugural session o...

Netflix up for battle with Disney Plus

Netflix up for battle with Disney Plus

-- 2018-11-09 17:32:22

The boss of Netflix, Reed Hastings, has told the BBC he is looking forward to going up against Disney when it launches its online streaming service, Disney Plus, next year. "We've been competing with...

Two Biman flights miss arrival schedules

Two Biman flights miss arrival schedules

FE Online Report 2018-11-09 15:52:45

Two flights of Biman Bangladesh Airlines have failed to meet their arrival schedules at Hazrat Shahjalal International Airport (HSIA) on Friday. BG 044 from Kuwait was scheduled to arrive at 8:50am,...

CCC's Tk 12.56b water-logging removal project gets go-ahead

CCC's Tk 12.56b water-logging removal project gets go-ahead

Our Correspondent 2018-11-09 15:07:25

CHATTOGRAM: Executive Committee of the National Economic Council (ECNEC) approved a new canal digging project involving Tk12.56 billion to remove the port city's water-logging problems at its meeting...

US, Mexico, Canada to sign trade pact Nov 30

US, Mexico, Canada to sign trade pact Nov 30

-- 2018-11-09 14:57:10

Cabinet ministers from the United States, Mexico and Canada will sign a new trade agreement on November 30, Mexico’s economy minister said on Thursday. The deal will be signed in Buenos Aires,...

Oil in bear market as supply rises, demand outlook weakens

Oil in bear market as supply rises, demand outlook weakens

-- 2018-11-09 14:05:57

Oil stabilised on Friday after spending most of the week sliding, but markets remained weak as rising supply and concerns of an economic slowdown pressured prices, with US crude down by around 20 per...

Denim expo ends, draws positive response from buyers, brands

Denim expo ends, draws positive response from buyers, brands

FE Report 2018-11-09 12:08:06

The two-day 'Bangladesh Denim Expo' concluded in the city, drawing positive response from the participants, buyers and brands. With the theme 'Simplicity' and focusing on 'simplicity' in the supply c...

Japan sees investment potentials in BD SMEs’ capacity building

Japan sees investment potentials in BD SMEs’ capacity building

FE Report 2018-11-09 11:51:02

Japan sees its investment potentials in the capacity building of Bangladesh's small and medium enterprises (SMEs) which is expected to help improve the sector's economic contribution. The potentials...