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The Financial Express

Search results for: Trade

Two-day int'l summit starts in city Nov 23 to promote women entrepreneurship

Two-day int'l summit starts in city Nov 23 to promote women entrepreneurship

FE REPORT 2022-10-04 09:47:19

A two-day international summit will begin in Dhaka on November 23 to promote women-led businesses and create a global matchmaking platform. The International Women Entrepreneurs' Summit (IWES) 2022,...

Light engineering: New policy framed with time-bound action plan

Light engineering: New policy framed with time-bound action plan

MONIRA MUNNI 2022-10-04 09:40:24

The light engineering sector may get a boost from a newly-framed policy with a time-bound action plan to address the challenges that are hindering its growth. Sources said an 11-point plan would help...

Karnaphuli capital dredging ends this month

Karnaphuli capital dredging ends this month

NAZIMUDDIN SHYAMOL, CHATTOGRAM 2022-10-04 09:29:00

Capital dredging of Karnaphuli River, including the port channel, will end this month as 99 per cent dredging work was completed last month, sources said. Officials at Chittagong Port Authority (CPA)...

'Govt behind fall in the sales of savings tools'

'Govt behind fall in the sales of savings tools'

FE REPORT 2022-10-04 09:16:04

The recent fall in the sale of national savings certificates is an outcome of various steps taken to limit government borrowing through those instruments, Bangladesh Bank (BB) Governor Abdur Rouf Talu...

NBR warns govt bodies on employing illegal foreigners

NBR warns govt bodies on employing illegal foreigners

SYFUL ISLAM 2022-10-04 08:41:25

The National Board of Revenue (NBR) has moved to bring foreign nationals working for various government bodies without work permits under the tax net, aiming to enhance income-tax collection. The NBR...

OPEC+ mulling largest oil output cuts since 2020

OPEC+ mulling largest oil output cuts since 2020

-- 2022-10-03 19:48:55

The OPEC+ group of oil producers is discussing output cuts of more than 1 million barrels per day (bpd), OPEC sources said, and voluntary cuts by individual members could come on top of that, making i...

Refiners cut soybean oil prices by Tk 14 per litre

Refiners cut soybean oil prices by Tk 14 per litre

-- 2022-10-03 17:56:42

The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association has reduced the prices of soybean oil by Tk 14 per litre. The new price will take effect on Tuesday, according to a lette...

Nagad offers up to Tk 1,000 cashback for mobile recharge

Nagad offers up to Tk 1,000 cashback for mobile recharge

FE ONLINE DESK 2022-10-03 17:29:58

Mobile financial service operator Nagad has come up with an offer of cashback for mobile recharge. According to a press release, any new full-profile customer of Nagad can get up to Tk 1,000 cashback...

Rajeev Sethi joins Robi Axiata as CEO

Rajeev Sethi joins Robi Axiata as CEO

-- 2022-10-03 16:37:19

Mobile network operator Robi Axiata Limited has appointed Rajeev Sethi as the company’s chief executive officer. Sethi joins Robi following his role at Myanmar’s leading mobile operator,...

Chevron to drill two new wells in extended Bibiyana flank area

Chevron to drill two new wells in extended Bibiyana flank area

FE ONLINE REPORT 2022-10-03 14:25:42

American oil and gas giant Chevron is planning to drill two more gas wells in a 60-square-kilometre 'flank' area, adjacent to the country’s largest producing Bibiyana gas field under Block -12 i...

China's Xiaomi says it will protect its business interests after India freezes its assets

China's Xiaomi says it will protect its business interests after India freezes its assets

REUTERS 2022-10-03 11:55:54

Chinese smartphone maker Xiaomi Corp on Sunday said it was "disappointed" with an Indian order that froze $682 million of its assets and would continue to protect its interests. An Indian appellate a...

Productivity in govt factories low for lack of skilled labour

Productivity in govt factories low for lack of skilled labour

FE REPORT 2022-10-03 10:56:30

Productivity in the country's government-run factories is unsatisfactory for lack of skilled labour, accountability as well as transparency, speakers observed at a seminar on Sunday. On the eve of th...

Scam-hit e-commerce companies yet to refund Tk 3.0 billion

Scam-hit e-commerce companies yet to refund Tk 3.0 billion

FE REPORT 2022-10-03 09:43:52

The scam-hit e-commerce companies like Evaly, Eorange and Sirajganj Shop are yet to pay around Tk 3.0 billion back to their respective customers, sources said. The volume of customers' stuck-up funds...

Bangladesh, Japanese businesses meet on investment scope

Bangladesh, Japanese businesses meet on investment scope

FE REPORT 2022-10-03 09:35:17

Bangladesh and Japanese businessmen sat for the fifth time to tie bonds for investment in various sectors. Held physically for the first time in Japan since 2020, the B2B meeting explored the possibi...

'Shorten factory setting-up process'

'Shorten factory setting-up process'

FE REPORT 2022-10-03 08:36:08

Factory setting-up procedure in Bangladesh is complex, lengthy, and time-consuming for lots of unnecessary paperwork, speakers observed at a discussion Sunday, urging a cleanup. Entrepreneurs and inv...

Trade through Benapole Port suspended till Oct 5 for Durga Puja

Trade through Benapole Port suspended till Oct 5 for Durga Puja

-- 2022-10-02 21:16:05

Bangladesh's export-import activities with India through Benapole land port will remain suspended for four days starting from today (Sunday), on the occasion of Durga puja, said port authorities. How...

Fortune Rice Bran Oil observes World Heart Day with free health services

Fortune Rice Bran Oil observes World Heart Day with free health services

-- 2022-10-02 19:53:26

Fortune Rice Bran Oil, a brand of Bangladesh Edible Oil Ltd, has celebrated World Heart Day by providing free health services, reports bdnews24.com. During the campaign on Sept 29, it also offered sp...

Bulk power tariff hike by next week

Bulk power tariff hike by next week

FE ONLINE REPORT 2022-10-02 17:56:32

The country’s energy regulator is set to raise bulk electricity tariff by next week as it has almost completed all necessary works to make the announcement. “We are working to announce th...

LPG price slashed by 2.83pc

LPG price slashed by 2.83pc

FE ONLINE REPORT 2022-10-02 17:24:06

Bangladesh slashed the retail price of liquefied petroleum gas (LPG) for October by 2.83 per cent in line with the downtrend of fuel prices on the international market. Bangladesh Energy Regulatory C...

OPEC+ to hold first in-person ministerial meeting since early 2020

OPEC+ to hold first in-person ministerial meeting since early 2020

FE ONLINE DESK 2022-10-02 14:43:23

The OPEC+ oil cartel will meet in Vienna at the ministerial level on October 5 to discuss future output strategy, according to a statement issued by the organisation on Saturday. It's the first in-pe...

Invest in safe industries, says FBCCI chief

Invest in safe industries, says FBCCI chief

FE REPORT 2022-10-02 14:19:01

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Saturday urged industry owners to invest in ensuring decent workplaces as it would help increase productivity. "Occupational...

National Furniture Fair begins October 6

National Furniture Fair begins October 6

FE REPORT 2022-10-02 10:34:06

After a break of two years, the 17th National Furniture Fair is set to start on October 6, with a target to further develop the furniture industry locally and globally. The fair- the biggest event of...

LDC graduation: Duty erosion may harm RMG exports to Canada

LDC graduation: Duty erosion may harm RMG exports to Canada

MONIRA MUNNI 2022-10-02 10:20:06

Local apparel exports to Canada that have grown over the last one decade might face a setback due to duty erosion there after 2026, industry insiders said. Bangladeshi-made readymade garment exports...

Panchagarh-Banglabandha rail track: BD set to negotiate €450m German fund

Panchagarh-Banglabandha rail track: BD set to negotiate €450m German fund

MIR MOSTAFIZUR RAHAMAN 2022-10-02 09:15:28

Bangladesh authorities are set to start negotiation with Germany for funding the crucial rail track project connecting Panchagarh with Banglabandha, the northern tip on Indian border. The Bangladesh...

BR's two LoC projects in slow lane

BR's two LoC projects in slow lane

FHM HUMAYUN KABIR 2022-10-02 09:08:53

The Bangladesh Railway (BR) has failed to start any work on two projects in five years due to complex approval process by the lender of the Indian Line of Credit (LoC), insiders said on Saturday. Off...

RMG exports record negative growth in September

RMG exports record negative growth in September

MONIRA MUNNI 2022-10-02 08:39:13

The single-month ready-made garment (RMG) exports from Bangladesh in September 2022 recorded negative growth of over 12 per cent to $3.0 billion year on year. Exporters attributed this decline in glo...

Hospitality industry makes resounding rebound

Hospitality industry makes resounding rebound

DOULOT AKTER MALA 2022-10-02 08:26:12

The hospitality industry is making a resounding rebound in Bangladesh, as in other South Asian countries, following the easing of corona-induced travel restrictions and resumption of corporate events...

Policy support sought for ensuring supply of eggs, meat at lower prices 

Policy support sought for ensuring supply of eggs, meat at lower prices 

-- 2022-10-01 17:47:52

Businessmen have urged the government to provide necessary policy support so that eggs and meat could be provided at much lower prices to the consumers.  The entrepreneurs also demanded equal po...

BKB managers urged to attain 100pc targets

BKB managers urged to attain 100pc targets

FE REPORT 2022-10-01 14:26:27

Managers of the Bangladesh Krishi Bank (BKB) were directed to achieve 100 per cent of their targets to make every branch profitable. They were also advised to coordinate and collaborate efficiently w...

Only 393 e-commerce cos get DBID in five months

Only 393 e-commerce cos get DBID in five months

ISMAIL HOSSAIN 2022-10-01 11:09:09

Only 393 digital commerce entities have obtained the digital business identification (DBID) to date after formal inauguration of the registration process five months back. However, a total of 1,382 d...